Condensed Parent Company Financial Statements

12 Months Ended

Dec. 31, 2022

Condensed Financial Information 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	2022	2021	2020
	(in millions)
Operating expenses	$9	$5	$7
Operating loss	(9)	(5)	(7)
Other (income) and deductions:
Equity earnings from consolidated subsidiaries	(707)	(664)	(625)
Interest expense	6	1	2
Other	1	1	4
Total other (income) and deductions	(700)	(662)	(619)
Income before income taxes	691	657	612
Income tax expense (benefit)	2	(5)	(4)
Net income	$689	$662	$616

Refer to accompanying Notes to Condensed Financial Statements.

ALLIANT ENERGY CORPORATION (Parent Company Only)	December 31,
CONDENSED BALANCE SHEETS	2022	2021
	(in millions)
ASSETS
Current assets:
Notes receivable from affiliated companies	$65	$16
Other	1	5
Total current assets	66	21
Investments:
Investments in consolidated subsidiaries	7,801	7,061
Other	2	2
Total investments	7,803	7,063
Other assets	97	96
Total assets	$7,966	$7,180

LIABILITIES AND EQUITY
Current liabilities:
Commercial paper	$352	$279
Notes payable to affiliated companies	1,318	900
Other	10	4
Total current liabilities	1,680	1,183
Other liabilities	1	2
Common equity:
Common stock and additional paid-in capital	2,780	2,752
Retained earnings	3,518	3,255
Shares in deferred compensation trust	(13)	(12)
Total common equity	6,285	5,995
Total liabilities and equity	$7,966	$7,180

Refer to accompanying Notes to Condensed Financial Statements.

ALLIANT ENERGY CORPORATION (Parent Company Only)	Year Ended December 31,
CONDENSED STATEMENTS OF CASH FLOWS	2022	2021	2020
	(in millions)
Net cash flows from operating activities	$492	$494	$396
Cash flows used for investing activities:
Capital contributions to consolidated subsidiaries	(530)	(295)	(429)
Net change in notes receivable from and payable to affiliates	369	(21)	201
Dividends from consolidated subsidiaries in excess of equity earnings	—	50	—
Net cash flows used for investing activities	(161)	(266)	(228)
Cash flows used for financing activities:
Common stock dividends	(428)	(403)	(377)
Proceeds from issuance of common stock, net	25	28	247
Net change in commercial paper	73	147	(37)
Other	(1)	—	(1)
Net cash flows used for financing activities	(331)	(228)	(168)
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	($6)	($1)	($2)
Income taxes, net	$15	$4	$10

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 2022 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.