Condensed Parent Company Financial Statements

12 Months Ended

Dec. 31, 2012

Condensed Financial Information of Parent Company Only Disclosure [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,
	2012			2011			2010
	(in millions)
Operating revenues		$2			$4			$1
Operating expenses	1			1			2
Operating income (loss)	1			3			(1		)
Interest expense and other:
Equity earnings from consolidated subsidiaries	(322		)	(304		)	(292		)
Interest expense	11			11			11
Interest income	(4		)	(2		)	(1		)
Total interest expense and other	(315		)	(295		)	(282		)
Income before income taxes	316			298			281
Income tax benefit	(4		)	(5		)	(6		)
Net income		$320			$303			$287

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,
	2012		2011
	(in millions)
ASSETS
Current assets:
Notes receivable from affiliated companies		$77		$211
Income tax refunds receivable	—		11
Other	2		5
	79		227
Investments:
Investments in consolidated subsidiaries	3,447		3,129
Other	20		20
	3,467		3,149
Other assets	5		6
Total assets		$3,551		$3,382

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

ALLIANT ENERGY CORPORATION

(Parent Company Only)

CONDENSED BALANCE SHEETS (continued)

	December 31,
	2012			2011
	(in millions)
CAPITALIZATION AND LIABILITIES
Capitalization:
Common stock and additional paid-in capital		$1,512			$1,512
Retained earnings	1,627			1,506
Accumulated other comprehensive loss	(1		)	(1		)
Shares in deferred compensation trust	(7		)	(8		)
Total common equity	3,131			3,009
Long-term debt, net	250			250
	3,381			3,259
Current liabilities:
Commercial paper	105			70
Other	21			14
	126			84
Other long-term liabilities and deferred credits:
Deferred income taxes	38			32
Other	6			7
	44			39
Total capitalization and liabilities		$3,551			$3,382

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,
	2012			2011			2010
	(in millions)
Net cash flows from operating activities		$260			$193			$110
Cash flows from (used for) investing activities:
Capital contributions to consolidated subsidiaries	(230		)	(144		)	(125		)
Capital repayments from consolidated subsidiaries	—			101			183
Net change in notes receivable from affiliates	134			—			—
Other	1			—			—
Net cash flows from (used for) investing activities	(95		)	(43		)	58
Cash flows used for financing activities:
Common stock dividends	(199		)	(188		)	(175		)
Net change in borrowings with affiliates	—			(155		)	50
Net change in commercial paper	35			70			—
Proceeds from issuance of common stock	1			2			6
Other	(2		)	(2		)	(1		)
Net cash flows used for financing activities	(165		)	(273		)	(120		)
Net increase (decrease) in cash and cash equivalents	—			(123		)	48
Cash and cash equivalents at beginning of period	—			123			75
Cash and cash equivalents at end of period		$—			$—			$123
Supplemental cash flows information:
Cash paid (refunded) during the period for:
Interest, net of capitalized interest		$11			$11			$11
Income taxes, net of refunds	(29		)	(6		)	(11		)

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

ALLIANT ENERGY CORPORATION

(Parent Company Only)

NOTES TO CONDENSED FINANCIAL STATEMENTS

Pursuant to rules and regulations of the Securities and Exchange Commission, the Condensed Financial Statements of Alliant Energy Corporation (Parent Company Only) do not reflect all of the information and notes normally included with financial statements prepared in accordance with accounting principles generally accepted in the United States of America. Therefore, these Condensed Financial Statements should be read in conjunction with the Consolidated Financial Statements and related Combined Notes to Consolidated Financial Statements included in Alliant Energy’s 2012 Form 10-K, Part II, Item 8, which is incorporated herein by reference.

In the Condensed Financial Statements of Alliant Energy Corporation (Parent Company Only), investments in subsidiaries are accounted for using the equity method.