Condensed Parent Company Financial Statements (Tables)

12 Months Ended

Dec. 31, 2021


ALLIANT ENERGY CORPORATION (Parent Company Only)	Year Ended December 31,
CONDENSED STATEMENTS OF INCOME	2021	2020	2019
	(in millions)

Operating expenses	$5	$7	$2
Operating loss	(5)	(7)	(2)
Other (income) and deductions:
Equity earnings from consolidated subsidiaries	(664)	(625)	(562)
Interest expense	1	2	9
Other	1	4	7
Total other (income) and deductions	(662)	(619)	(546)
Income before income taxes	657	612	544
Income tax benefit	(5)	(4)	(15)
Net income	$662	$616	$559

Refer to accompanying Notes to Condensed Financial Statements.


ALLIANT ENERGY CORPORATION (Parent Company Only)	December 31,
CONDENSED BALANCE SHEETS	2021	2020
	(in millions)
ASSETS
Current assets:
Notes receivable from affiliated companies	$16	$32
Other	5	5
Total current assets	21	37
Investments:
Investments in consolidated subsidiaries	7,061	6,664
Other	2	2
Total investments	7,063	6,666
Other assets	96	88
Total assets	$7,180	$6,791


LIABILITIES AND EQUITY
Current liabilities:
Commercial paper	$279	$132
Notes payable to affiliated companies	900	937
Other	4	29
Total current liabilities	1,183	1,098

Other liabilities	2	2
Common equity:
Common stock and additional paid-in capital	2,752	2,706
Retained earnings	3,255	2,996

Shares in deferred compensation trust	(12)	(11)
Total common equity	5,995	5,691
Total liabilities and equity	$7,180	$6,791

Refer to accompanying Notes to Condensed Financial Statements.


ALLIANT ENERGY CORPORATION (Parent Company Only)	Year Ended December 31,
CONDENSED STATEMENTS OF CASH FLOWS	2021	2020	2019
	(in millions)
Net cash flows from operating activities	$494	$396	$305
Cash flows used for investing activities:
Capital contributions to consolidated subsidiaries	(295)	(429)	(250)

Net change in notes receivable from and payable to affiliates	(21)	201	8
Dividends from consolidated subsidiaries in excess of equity earnings	50	—	—

Net cash flows used for investing activities	(266)	(228)	(242)
Cash flows used for financing activities:
Common stock dividends	(403)	(377)	(338)
Proceeds from issuance of common stock, net	28	247	390

Net change in commercial paper	147	(37)	(116)
Other	—	(1)	1
Net cash flows used for financing activities	(228)	(168)	(63)
Net increase (decrease) in cash, cash equivalents and restricted cash	—	—	—
Cash, cash equivalents and restricted cash at beginning of period	—	—	—
Cash, cash equivalents and restricted cash at end of period	$—	$—	$—
Supplemental cash flows information:
Cash (paid) refunded during the period for:
Interest	($1)	($2)	($9)
Income taxes, net	4	10	14

Refer to accompanying Notes to Condensed Financial Statements.