ALE · As filed with the SEC
Allete income statement, by fiscal year
The statement as Allete presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Statement of Income · USD, except per-share amounts
| USD, except per-share amounts | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 |
|---|---|---|---|---|
| Operating Revenue | ||||
| Contracts with Customers – Utility | 1,242,700,000 | 1,238,300,000 | 1,259,300,000 | 1,227,900,000 |
| Contracts with Customers – Non-utility | 282,100,000 | 636,400,000 | 303,800,000 | 179,900,000 |
| Other – Non-utility | 5,000,000 | 5,100,000 | 7,600,000 | 11,400,000 |
| Total Operating Revenue | 1,529,800,000 | 1,879,800,000 | 1,570,700,000 | 1,419,200,000 |
| Operating Expenses | ||||
| Fuel, Purchased Power and Gas – Utility | 477,600,000 | 482,900,000 | 545,500,000 | 562,400,000 |
| Transmission Services – Utility | 64,600,000 | 88,200,000 | 76,700,000 | 75,300,000 |
| Cost of Sales – Non-utility | 129,200,000 | 473,500,000 | 182,800,000 | 68,800,000 |
| Operating and Maintenance | — | 345,300,000 | 318,900,000 | 259,200,000 |
| Operating and Maintenance | 361,400,000 | — | — | — |
| Depreciation and Amortization | 271,500,000 | 251,800,000 | 242,200,000 | 231,700,000 |
| Taxes Other than Income Taxes | 65,400,000 | 57,200,000 | 70,400,000 | 70,500,000 |
| Impairment of Property, Plant and Equipment | — | — | 0 | — |
| Total Operating Expenses | 1,369,700,000 | 1,698,900,000 | 1,436,500,000 | 1,267,900,000 |
| Operating Income | 160,100,000 | 180,900,000 | 134,200,000 | 151,300,000 |
| Interest Expense | — | (80,800,000) | (75,200,000) | (69,100,000) |
| Other Income (Expense) | ||||
| Interest Expense | (81,700,000) | — | — | — |
| Equity Earnings | 25,000,000 | 21,700,000 | 18,700,000 | 20,000,000 |
| Gain on Sale of U.S. Water Services | — | — | — | 0 |
| Other | 23,000,000 | 85,000,000 | 22,400,000 | 8,700,000 |
| Total Other Income (Expense) | (33,700,000) | 25,900,000 | (34,100,000) | (40,400,000) |
| Income Before Non-Controlling Interest and Income Taxes | 126,400,000 | 206,800,000 | 100,100,000 | 110,900,000 |
| Income Tax Expense (Benefit) | 4,700,000 | 27,900,000 | (31,200,000) | (26,900,000) |
| Net Income | 121,700,000 | 178,900,000 | 131,300,000 | 137,800,000 |
| Net Loss Attributable to Non-Controlling Interest | (57,600,000) | (68,200,000) | (58,000,000) | (31,400,000) |
| Net Income Attributable to ALLETE | 179,300,000 | 247,100,000 | 189,300,000 | 169,200,000 |
| Average Shares of Common Stock | ||||
| Basic (in shares) | 57,700,000 | 57,300,000 | 55,900,000 | 52,400,000 |
| Diluted (in shares) | 57,800,000 | 57,400,000 | 56,000,000 | 52,500,000 |
| Basic Earnings Per Share of Common Stock (in usd per share) | 3.11 | 4.31 | 3.38 | 3.23 |
| Diluted Earnings Per Share of Common Stock (in usd per share) | 3.10 | 4.30 | 3.38 | 3.23 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.