Condensed Parent Company Financial Statements

12 Months Ended

Dec. 31, 2018

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)	Year Ended December 31,
CONDENSED STATEMENTS OF INCOME	2018			2017			2016
	(in millions)
Revenues		$—			$—			$1
Operating expenses	5			2			3
Operating loss	(5		)	(2		)	(2		)
Other (income) and deductions:
Equity earnings from consolidated subsidiaries	(523		)	(457		)	(374		)
Interest expense	4			3			3
Other	2			—			(2		)
Total other (income) and deductions	(517		)	(454		)	(373		)
Income before income taxes	512			452			371
Income tax benefit	(1		)	(6		)	(1		)
Net income		$513			$458			$372

Refer to accompanying Notes to Condensed Financial Statements.

ALLIANT ENERGY CORPORATION (Parent Company Only)	December 31,
CONDENSED BALANCE SHEETS	2018		2017
	(in millions)
ASSETS
Current assets:
Notes receivable from affiliated companies		$23		$50
Other	4		7
Total current assets	27		57
Investments:
Investments in consolidated subsidiaries	5,518		4,676
Other	1		2
Total investments	5,519		4,678
Other assets	81		78
Total assets		$5,627		$4,813

LIABILITIES AND EQUITY
Current liabilities:
Commercial paper		$285			$295
Notes payable to affiliated companies	719			305
Other	21			12
Total current liabilities	1,025			612
Other liabilities	17			20
Common equity:
Common stock and additional paid-in capital	2,048			1,848
Retained earnings	2,545			2,344
Accumulated other comprehensive income	2			—
Shares in deferred compensation trust	(10		)	(11		)
Total common equity	4,585			4,181
Total liabilities and equity		$5,627			$4,813

Refer to accompanying Notes to Condensed Financial Statements.

ALLIANT ENERGY CORPORATION (Parent Company Only)	Year Ended December 31,
CONDENSED STATEMENTS OF CASH FLOWS	2018			2017			2016
	(in millions)
Net cash flows from operating activities		$311			$273			$254
Cash flows from (used for) investing activities:
Capital contributions to consolidated subsidiaries	(625		)	(290		)	(250		)
Capital repayments from consolidated subsidiaries	—			—			130
Net change in notes receivable from and payable to affiliates	441			54			294
Other	—			—			10
Net cash flows from (used for) investing activities	(184		)	(236		)	184
Cash flows used for financing activities:
Common stock dividends	(312		)	(288		)	(267		)
Proceeds from issuance of common stock, net	197			150			27
Payments to retire long-term debt	—			—			(250		)
Net change in commercial paper	(10		)	103			52
Other	(2		)	(2		)	—
Net cash flows used for financing activities	(127		)	(37		)	(438		)
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, net of capitalized interest		($4	)		($3	)		($3	)
Income taxes, net	5			—			(37		)

Refer to accompanying Notes to Condensed Financial 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 Financial Statements and related Notes included in the combined 2018 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.