Condensed Parent Company Financial Statements (Tables)

12 Months Ended

Dec. 31, 2023


ALLIANT ENERGY CORPORATION (Parent Company Only)	Year Ended December 31,
CONDENSED STATEMENTS OF INCOME	2023	2022	2021
	(in millions)

Operating expenses	$3	$9	$5
Operating loss	(3)	(9)	(5)
Other (income) and deductions:
Equity earnings from consolidated subsidiaries	(742)	(707)	(664)
Interest expense	34	6	1
Other	4	1	1
Total other (income) and deductions	(704)	(700)	(662)
Income before income taxes	701	691	657
Income tax expense (benefit)	(5)	2	(5)
Net income	$706	$689	$662

Refer to accompanying Notes to Condensed Financial Statements.


ALLIANT ENERGY CORPORATION (Parent Company Only)	December 31,
CONDENSED BALANCE SHEETS	2023	2022
	(in millions)
ASSETS
Current assets:
Notes receivable from affiliated companies	$96	$65
Other	1	1
Total current assets	97	66
Investments:
Investments in consolidated subsidiaries	8,405	7,801
Other	2	2
Total investments	8,407	7,803
Other assets	90	97
Total assets	$8,594	$7,966


LIABILITIES AND EQUITY
Current liabilities:
Commercial paper	$157	$352
Notes payable to affiliated companies	1,068	1,318
Other	10	10
Total current liabilities	1,235	1,680
Long-term debt, net	568	—
Other liabilities	2	1
Common equity:
Common stock and additional paid-in capital	3,033	2,780
Retained earnings	3,768	3,518
Accumulated other comprehensive income	1	—
Shares in deferred compensation trust	(13)	(13)
Total common equity	6,789	6,285
Total liabilities and equity	$8,594	$7,966

Refer to accompanying Notes to Condensed Financial Statements.


ALLIANT ENERGY CORPORATION (Parent Company Only)	Year Ended December 31,
CONDENSED STATEMENTS OF CASH FLOWS	2023	2022	2021
	(in millions)
Net cash flows from operating activities	$445	$492	$494
Cash flows used for investing activities:
Capital contributions to consolidated subsidiaries	(325)	(530)	(295)

Net change in notes receivable from and payable to affiliates	(281)	369	(21)
Dividends from consolidated subsidiaries in excess of equity earnings	—	—	50

Net cash flows used for investing activities	(606)	(161)	(266)
Cash flows from (used for) financing activities:
Common stock dividends	(456)	(428)	(403)
Proceeds from issuance of common stock, net	246	25	28
Proceeds from issuance of long-term debt	565	—	—

Net change in commercial paper	(195)	73	147
Other	1	(1)	—
Net cash flows from (used for) financing activities	161	(331)	(228)
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	($27)	($6)	($1)
Income taxes, net	$22	$15	$4

Refer to accompanying Notes to Condensed Financial Statements.