ALE · As filed with the SEC
Allete cash flow 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 Cash Flows · USD
| USD | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 | FY2018 Year ended Dec 31, 2018 | FY2017 Year ended Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | 121,700,000 | 178,900,000 | 131,300,000 | 137,800,000 | 161,600,000 | 185,500,000 | 174,100,000 | 172,200,000 |
| Adjustments to Reconcile Net Income to Cash provided by Operating Activities: | ||||||||
| AFUDC – Equity | (5,000,000) | (3,600,000) | (2,700,000) | (2,600,000) | (1,900,000) | (2,300,000) | (1,200,000) | (1,200,000) |
| Income from Equity Investments – Net of Dividends | (1,800,000) | 1,000,000 | 2,400,000 | 2,200,000 | (3,200,000) | (5,600,000) | (2,300,000) | (3,200,000) |
| Impairment of Real Estate | — | — | — | — | — | — | — | 0 |
| Impairment of Goodwill | — | — | — | — | — | — | 0 | 0 |
| Change in Fair Value of Contingent Consideration | — | — | — | — | 0 | 0 | (2,000,000) | (700,000) |
| Deferred Fuel Adjustment Clause Charge | — | — | — | — | — | 0 | 0 | 19,500,000 |
| Loss (Gain) on Sales of Investments and Property, Plant and Equipment | — | — | — | — | — | (1,700,000) | 1,000,000 | 400,000 |
| (Gain) / Loss on Investments and Property, Plant and Equipment | 0 | 0 | 1,200,000 | (800,000) | (1,300,000) | — | — | — |
| Loss on Impairment of Assets | — | — | 0 | — | — | — | — | — |
| Depreciation Expense | 271,300,000 | 251,700,000 | 242,000,000 | 231,600,000 | 217,700,000 | 200,600,000 | 200,100,000 | 171,900,000 |
| Amortization of PSAs | (5,000,000) | (5,200,000) | (7,600,000) | (11,400,000) | (11,300,000) | (11,600,000) | (23,600,000) | (23,600,000) |
| Amortization of Other Intangible Assets and Other Assets | 6,900,000 | 7,100,000 | 8,300,000 | 9,900,000 | 10,400,000 | 13,000,000 | 10,400,000 | 10,200,000 |
| Deferred Income Tax Expense (Benefit) | (15,800,000) | 17,600,000 | (38,500,000) | (26,900,000) | (39,500,000) | (6,700,000) | (15,800,000) | 14,400,000 |
| Share-Based and ESOP Compensation Expense | 6,600,000 | 7,300,000 | 4,900,000 | 5,900,000 | 6,100,000 | 6,300,000 | 6,800,000 | 6,600,000 |
| Defined Benefit Pension and Other Postretirement Plan Expense (Benefit) | — | (6,100,000) | (3,000,000) | 4,300,000 | 100,000 | 1,200,000 | 8,600,000 | 10,100,000 |
| Defined Benefit Pension and Other Postretirement Plan Expense (Benefit) | (13,800,000) | — | — | — | — | — | — | — |
| Bad Debt Expense | 1,400,000 | 1,300,000 | 1,900,000 | 1,200,000 | 2,700,000 | (100,000) | 1,100,000 | 800,000 |
| Provision for Interim Rate Refund | — | — | — | — | — | (40,000,000) | 16,300,000 | 32,300,000 |
| Provision for Tax Reform Refund | — | — | — | — | — | (10,400,000) | 10,700,000 | — |
| Provision (Payments) for Tax Reform Refund | — | — | 0 | 0 | (200,000) | — | — | — |
| Gain on Sale of U.S. Water Services | — | — | — | 0 | 0 | (23,600,000) | — | — |
| Fuel Adjustment Clause | — | 44,000,000 | 15,100,000 | (56,400,000) | — | — | — | — |
| Fuel Adjustment Clause | 600,000 | — | — | — | — | — | — | — |
| Provision (Payments) for Interim Rate Refund | 23,000,000 | (18,400,000) | 18,400,000 | 0 | 0 | — | — | — |
| Changes in Operating Assets and Liabilities | ||||||||
| Accounts Receivable | (13,100,000) | 1,800,000 | (14,000,000) | (13,000,000) | (18,200,000) | 22,600,000 | (10,700,000) | (8,000,000) |
| Inventories | 7,500,000 | 277,100,000 | (256,100,000) | (23,500,000) | (1,400,000) | (4,100,000) | 55,500,000 | 11,900,000 |
| Prepayments and Other | (10,500,000) | (7,900,000) | (21,500,000) | (500,000) | 900,000 | 300,000 | (4,000,000) | (5,300,000) |
| Accounts Payable | (2,700,000) | (4,000,000) | (1,300,000) | 15,000,000 | 11,800,000 | (8,800,000) | 13,600,000 | (7,500,000) |
| Other Current Liabilities | 900,000 | (157,600,000) | 116,200,000 | 28,000,000 | 16,700,000 | (13,700,000) | 6,700,000 | 1,800,000 |
| Renewable Tax Credit Sales | 61,100,000 | — | — | — | — | — | — | — |
| Cash Contributions to Defined Benefit Pension Plans | (25,000,000) | (17,300,000) | 0 | (10,300,000) | (10,700,000) | (10,400,000) | (15,000,000) | (1,700,000) |
| Changes in Regulatory and Other Non-Current Assets | 42,200,000 | 15,600,000 | 24,100,000 | (12,000,000) | (31,000,000) | (25,100,000) | 6,700,000 | 33,700,000 |
| Changes in Regulatory and Other Non-Current Liabilities | 6,600,000 | 2,000,000 | 200,000 | (15,000,000) | (9,500,000) | (15,900,000) | (3,900,000) | (31,700,000) |
| Cash provided by Operating Activities | 457,100,000 | 585,300,000 | 221,300,000 | 263,500,000 | 299,800,000 | 249,500,000 | 433,100,000 | 402,900,000 |
| Investing Activities | ||||||||
| Proceeds from Sale of Available-for-sale Securities | — | — | — | — | 12,800,000 | 12,100,000 | 10,200,000 | 10,100,000 |
| Payments for Purchase of Available-for-sale Securities | — | — | — | — | (8,700,000) | (12,200,000) | (13,300,000) | (8,600,000) |
| Proceeds from Sale of Available-for-sale Securities | — | 1,000,000 | 2,200,000 | 6,400,000 | — | — | — | — |
| Payments for Purchase of Available-for-sale Securities | — | (1,200,000) | (2,400,000) | (3,600,000) | — | — | — | — |
| Proceeds from Sale of Available-for-sale Securities | 2,000,000 | — | — | — | — | — | — | — |
| Payments for Purchase of Available-for-sale Securities | (2,400,000) | — | — | — | — | — | — | — |
| Acquisitions of Subsidiaries – Net of Cash and Restricted Cash Acquired | 0 | 0 | (155,000,000) | — | — | 0 | 0 | (18,500,000) |
| Payments for Equity Investments | (5,800,000) | (8,200,000) | (5,900,000) | (17,600,000) | (99,100,000) | (37,900,000) | (39,200,000) | (7,800,000) |
| Return of Capital from Equity Investments | — | — | — | 0 | 0 | 8,300,000 | — | — |
| Additions to Property, Plant and Equipment | (354,900,000) | (271,200,000) | (220,500,000) | (473,300,000) | (717,800,000) | (597,100,000) | (312,400,000) | (208,500,000) |
| Proceeds from Sale of U.S. Water Services - Net of Transaction Costs and Cash Retained | — | — | — | 0 | 0 | 268,600,000 | — | 1,300,000 |
| Changes in Restricted Cash | — | — | — | — | — | — | — | 0 |
| Other Investing Activities | 20,400,000 | (4,000,000) | (2,400,000) | 2,900,000 | 0 | 12,900,000 | 5,700,000 | 3,000,000 |
| Cash used in Investing Activities | (340,700,000) | (283,600,000) | (384,000,000) | (485,200,000) | (812,800,000) | (345,300,000) | (349,000,000) | (229,000,000) |
| Financing Activities | ||||||||
| Proceeds from Issuance of Common Stock | 12,900,000 | 14,900,000 | 248,000,000 | 69,900,000 | 18,100,000 | 1,900,000 | 20,300,000 | 86,000,000 |
| Equity Issuance Costs | 0 | 0 | (8,100,000) | — | — | — | — | — |
| Proceeds from Issuance of Short-Term and Long-Term Debt | 658,000,000 | 437,000,000 | 785,400,000 | 733,000,000 | 672,400,000 | 201,900,000 | 75,600,000 | 131,500,000 |
| Changes in Restricted Cash | — | — | — | — | — | — | — | (400,000) |
| Changes in Notes Payable | — | — | — | — | — | — | — | 0 |
| Repayments of Short-Term and Long-Term Debt | (649,400,000) | (566,700,000) | (877,000,000) | (552,900,000) | (488,600,000) | (72,200,000) | (95,500,000) | (189,600,000) |
| Acquisition of Non-Controlling Interest | — | — | — | — | — | — | 0 | 0 |
| Proceeds from Non-Controlling Interest in Subsidiaries – Net of Issuance Costs | 4,100,000 | 17,800,000 | 155,700,000 | 90,900,000 | 414,500,000 | 103,800,000 | — | — |
| Acquisition-Related Contingent Consideration Payments | — | — | — | 0 | 0 | (3,800,000) | 0 | (19,700,000) |
| Distributions to Non-Controlling Interest | (1,500,000) | (8,500,000) | — | — | — | — | — | — |
| Dividends on Common Stock | (162,800,000) | (155,500,000) | (145,900,000) | (131,900,000) | (128,200,000) | (121,400,000) | (115,000,000) | (108,700,000) |
| Other Financing Activities | (1,900,000) | (1,500,000) | (2,900,000) | (4,800,000) | (2,500,000) | (900,000) | (600,000) | (1,600,000) |
| Cash provided (used in) by Financing Activities | (140,600,000) | (262,500,000) | 155,200,000 | 204,200,000 | 485,700,000 | 109,300,000 | (115,200,000) | (102,500,000) |
| Change in Cash and Cash Equivalents | — | — | — | — | — | — | — | 71,400,000 |
| Cash and Cash Equivalents at Beginning of Period | — | — | — | — | — | — | 98,900,000 | 27,500,000 |
| Cash and Cash Equivalents at End of Period | — | — | — | — | — | — | — | 98,900,000 |
| Change in Cash, Cash Equivalents and Restricted Cash | (24,200,000) | 39,200,000 | (7,500,000) | (17,500,000) | (27,300,000) | 13,500,000 | (31,100,000) | — |
| Cash, Cash Equivalents and Restricted Cash at Beginning of Period | 79,400,000 | 40,200,000 | 47,700,000 | — | — | — | — | — |
| Cash, Cash Equivalents and Restricted Cash at End of Period | 55,200,000 | 79,400,000 | — | — | — | — | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.