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Condensed Parent Company Financial Statements (Tables)
 12 Months Ended
Dec. 31, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Statements of Income
ALLIANT ENERGY CORPORATION
(Parent Company Only)
CONDENSED STATEMENTS OF INCOME
 
Year Ended December 31,
 
2014
 
2013
 
2012
 
(in millions)
Operating revenues

$2

 

$2

 

$2

Operating expenses
3

 
1

 
1

Operating income (loss)
(1
)
 
1

 
1

Interest expense and other:
 
 
 
 
 
Equity earnings from consolidated subsidiaries
(387
)
 
(362
)
 
(322
)
Interest expense
9

 
11

 
11

Interest income
(2
)
 
(2
)
 
(4
)
Total interest expense and other
(380
)
 
(353
)
 
(315
)
Income before income taxes
379

 
354

 
316

Income tax benefit
(4
)
 
(4
)
 
(4
)
Net income

$383

 

$358

 

$320



The accompanying Notes to Condensed Financial Statements are an integral part of these statements.
Condensed Balance Sheets
ALLIANT ENERGY CORPORATION
(Parent Company Only)
CONDENSED BALANCE SHEETS
 
December 31,
 
2014
 
2013
 
(in millions)
ASSETS
 
 
 
Current assets:
 
 
 
Notes receivable from affiliated companies

$95

 

$72

Other
4

 
3

 
99

 
75

Investments:
 
 
 
Investments in consolidated subsidiaries
3,753

 
3,585

Other
15

 
14

 
3,768

 
3,599

Other assets
10

 
6

Total assets

$3,877

 

$3,680


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,
 
2014
 
2013
 
(in millions)
LIABILITIES AND EQUITY
 
 
 
Current liabilities:
 
 
 
Current maturities of long-term debt

$—

 

$250

Commercial paper
141

 
96

Other
29

 
10

 
170

 
356

Long-term debt, net
250

 
—

Other liabilities:
 
 
 
Deferred income taxes
11

 
39

Other
11

 
7

 
22

 
46

Common equity:
 
 
 
Common stock and additional paid-in capital
1,510

 
1,509

Retained earnings
1,934

 
1,777

Shares in deferred compensation trust
(9
)
 
(8
)
 
3,435

 
3,278

Total liabilities and equity

$3,877

 

$3,680



The accompanying Notes to Condensed Financial Statements are an integral part of these statements.
Condensed Statements of Cash Flows
ALLIANT ENERGY CORPORATION
(Parent Company Only)
CONDENSED STATEMENTS OF CASH FLOWS

Year Ended December 31,

2014

2013

2012

(in millions)
Net cash flows from operating activities

$246



$238



$260

Cash flows used for investing activities:








Capital contributions to consolidated subsidiaries
(90
)

(120
)

(230
)
Capital repayments from consolidated subsidiaries
50


95


—

Net change in notes receivable from affiliates
(23
)
 
5

 
134

Other
—


(2
)

1

Net cash flows used for investing activities
(63
)

(22
)

(95
)
Cash flows used for financing activities:








Common stock dividends
(226
)

(208
)

(199
)
Proceeds from issuance of long-term debt
250

 
—

 
—

Payments to retire long-term debt
(250
)
 
—

 
—

Net change in commercial paper
45


(9
)

35

Other
(2
)

1


(1
)
Net cash flows used for financing activities
(183
)

(216
)

(165
)
Net decrease in cash and cash equivalents
—


—


—

Cash and cash equivalents at beginning of period
—


—


—

Cash and cash equivalents at end of period

$—



$—



$—

Supplemental cash flows information:








Cash (paid) refunded during the period for:








Interest, net of capitalized interest

($11
)


($13
)


($11
)
Income taxes, net
(5
)

(7
)

29


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