Condensed Parent Company Financial Statements

12 Months Ended

Dec. 31, 2011

Condensed Parent Company Financial Statements [Abstract]

Condensed Parent Company Financial Statements

SCHEDULE I - CONDENSED PARENT COMPANY FINANCIAL STATEMENTS

ALLIANT ENERGY CORPORATION

(Parent Company Only)

CONDENSED STATEMENTS OF INCOME

	Year Ended December 31,
	2011			2010			2009
	(in millions)
Operating revenues	$	4		$	1		$	1
Operating expenses		1			2			6
Operating income (loss)		3			(1	)		(5	)
Interest expense and other:
Equity earnings from consolidated subsidiaries		(304	)		(292	)		(235	)
Loss on early extinguishment of debt		—			—			203
Interest expense		11			11			12
Interest income		(2	)		(1	)		(1	)
Total interest expense and other		(295	)		(282	)		(21	)
Income before income taxes		298			281			16
Income tax benefit		(5	)		(6	)		(95	)
Net income	$	303		$	287		$	111

The accompanying Notes to Condensed Financial Statements are an integral part of these statements.

ALLIANT ENERGY CORPORATION

(Parent Company Only)

CONDENSED BALANCE SHEETS

	December 31,
	2011			2010
	(in millions)
ASSETS
Current assets:
Cash and cash equivalents	$	—		$	123
Notes receivable from affiliated companies		211			56
Income tax refunds receivable		11			16
Other		5			—
		227			195
Investments:
Investments in consolidated subsidiaries		3,129			2,966
Other		20			19
		3,149			2,985
Other assets		6			7
Total assets	$	3,382		$	3,187
	December 31,
	2011			2010
	(in millions)
CAPITALIZATION AND LIABILITIES
Capitalization:
Common stock and additional paid-in capital	$	1,512		$	1,508
Retained earnings		1,506			1,391
Accumulated other comprehensive loss		(1	)		(1	)
Shares in deferred compensation trust		(8	)		(8	)
Total common equity		3,009			2,890
Long-term debt, net		250			249
		3,259			3,139
Current liabilities:
Commercial paper		70			—
Other		14			6
		84			6
Other long-term liabilities and deferred credits:
Deferred income taxes		32			35
Other		7			7
		39			42
Total capitalization and liabilities	$	3,382		$	3,187

The accompanying Notes to Condensed Financial Statements are an integral part of these statements.

ALLIANT ENERGY CORPORATION

(Parent Company Only)

CONDENSED STATEMENTS OF CASH FLOWS

	Year Ended December 31,
	2011			2010			2009
	(in millions)
Net cash flows from operating activities	$	193		$	110		$	70
Cash flows from (used for) investing activities:
Capital contributions to consolidated subsidiaries		(144	)		(125	)		(250	)
Capital repayments from consolidated subsidiaries		101			183			206
Dividends from consolidated subsidiaries in excess of equity earnings		—			—			5
Net cash flows from (used for) investing activities		(43	)		58			(39	)
Cash flows used for financing activities:
Common stock dividends		(188	)		(175	)		(166	)
Net change in notes receivable from affiliates		(155	)		50			(36	)
Net change in short-term borrowings		70			—			—
Proceeds from issuance of common stock		2			6			1
Proceeds from issuance of long-term debt		—			—			250
Payments to retire long-term debt		—			—			(241	)
Other		(2	)		(1	)		(6	)
Net cash flows used for financing activities		(273	)		(120	)		(198	)
Net increase (decrease) in cash and cash equivalents		(123	)		48			(167	)
Cash and cash equivalents at beginning of period		123			75			242
Cash and cash equivalents at end of period	$	—		$	123		$	75
Supplemental cash flows information:
Cash paid (refunded) during the period for:
Interest, net of capitalized interest	$	11		$	11		$	11
Income taxes, net of refunds		(6	)		(11	)		8

The accompanying Notes to Condensed Financial Statements are an integral part of these statements.