Condensed Parent Company Financial Statements

12 Months Ended

Dec. 31, 2013

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,
	2013			2012			2011
	(in millions)
Operating revenues		$2			$2			$4
Operating expenses	1			1			1
Operating income	1			1			3
Interest expense and other:
Equity earnings from consolidated subsidiaries	(362		)	(322		)	(304		)
Interest expense	11			11			11
Interest income	(2		)	(4		)	(2		)
Total interest expense and other	(353		)	(315		)	(295		)
Income before income taxes	354			316			298
Income tax benefit	(4		)	(4		)	(5		)
Net income		$358			$320			$303

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,
	2013		2012
	(in millions)
ASSETS
Current assets:
Notes receivable from affiliated companies		$72		$77
Other	3		2
	75		79
Investments:
Investments in consolidated subsidiaries	3,585		3,447
Other	14		20
	3,599		3,467
Other assets	6		5
Total assets		$3,680		$3,551

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,
	2013			2012
	(in millions)
CAPITALIZATION AND LIABILITIES
Capitalization:
Common stock and additional paid-in capital		$1,509			$1,512
Retained earnings	1,777			1,627
Accumulated other comprehensive loss	—			(1		)
Shares in deferred compensation trust	(8		)	(7		)
Total common equity	3,278			3,131
Long-term debt, net	—			250
	3,278			3,381
Current liabilities:
Current maturities of long-term debt	250			—
Commercial paper	96			105
Other	10			21
	356			126
Other long-term liabilities and deferred credits:
Deferred income taxes	39			38
Other	7			6
	46			44
Total capitalization and liabilities		$3,680			$3,551

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,
	2013			2012			2011
	(in millions)
Net cash flows from operating activities		$238			$260			$193
Cash flows used for investing activities:
Capital contributions to consolidated subsidiaries	(120		)	(230		)	(144		)
Capital repayments from consolidated subsidiaries	95			—			101
Net change in notes receivable from affiliates	5			134			—
Other	(2		)	1			—
Net cash flows used for investing activities	(22		)	(95		)	(43		)
Cash flows used for financing activities:
Common stock dividends	(208		)	(199		)	(188		)
Net change in borrowings with affiliates	—			—			(155		)
Net change in commercial paper	(9		)	35			70
Other	1			(1		)	—
Net cash flows used for financing activities	(216		)	(165		)	(273		)
Net decrease in cash and cash equivalents	—			—			(123		)
Cash and cash equivalents at beginning of period	—			—			123
Cash and cash equivalents at end of period		$—			$—			$—
Supplemental cash flows information:
Cash paid (refunded) during the period for:
Interest, net of capitalized interest		$13			$11			$11
Income taxes, net of refunds	7			(29		)	(6		)

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 SEC, 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 GAAP. 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 2013 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.