INTERSTATE POWER & LIGHT CO - 10-K - 20050304 - FINANCIAL_DATA
ITEM 6. SELECTED FINANCIAL DATA
Alliant Energy
Financial Information
2004 (1)
2003 (1)
2002 (1)
2001
2000 (2)
(dollars in millions, except per share data)
Income Statement Data:
Operating revenues
$2,958
.7
$2,866
.8
$2,457
.1
$2,591
.0
$2,268
.4
Income from continuing operations
210
.8
156
.0
94
.1
132
.7
330
.9
Income (loss) from discontinued operations, net of tax
(65
.3)
33
.5
12
.8
52
.6
51
.1
Income before cumulative effect of changes in
accounting principles
145
.5
189
.5
106
.9
185
.3
382
.0
Cumulative effect of changes in accounting
principles, net of tax
--
(6
.0)
--
(12
.9)
16
.7
Net income
145
.5
183
.5
106
.9
172
.4
398
.7
Common Stock Data:
Earnings per average common share (basic):
Income from continuing operations
$1
.86
$1
.54
$1
.04
$1
.65
$4
.19
Income (loss) from discontinued operations
($0
.58)
$0
.33
$0
.14
$0
.65
$0
.65
Cumulative effect of changes in accounting principles
$--
($0
.06)
$--
($0
.16)
$0
.21
Net income
$1
.28
$1
.81
$1
.18
$2
.14
$5
.05
Earnings per average common share (diluted):
Income from continuing operations
$1
.85
$1
.54
$1
.04
$1
.65
$4
.18
Income (loss) from discontinued operations
($0
.57)
$0
.33
$0
.14
$0
.65
$0
.64
Cumulative effect of changes in accounting principles
$--
($0
.06)
$--
($0
.16)
$0
.21
Net income
$1
.28
$1
.81
$1
.18
$2
.14
$5
.03
Common shares outstanding at year-end (000s)
115,
742
110,
963
92,
304
89,
682
79,
010
Dividends declared per common share
$1.0
125
$1
.00
$2
.00
$2
.00
$2
.00
Market value per share at year-end
$28
.60
$24
.90
$16
.55
$30
.36
$31
.88
Book value per share at year-end (3)
$22
.13
$21
.37
$19
.89
$21
.39
$25
.79
Other Selected Financial Data:
Cash flows from operating activities (continuing operations)
$501
.6
$460
.7
$541
.3
$457
.1
$393
.6
Construction and acquisition expenditures
$649
.2
$837
.2
$648
.4
$692
.5
$831
.7
Total assets at year-end (3)
$8,275
.2
$7,797
.5
$7,848
.2
$7,007
.5
$7,436
.7
Long-term obligations, net
$2,518
.0
$2,321
.6
$2,784
.2
$2,586
.0
$2,128
.5
Times interest earned before income taxes (4)
2.75
X
2.17
X
1.80
X
2.06
X
4.35
X
Capitalization ratios:
Common equity (3)
48
%
47
%
36
%
41
%
44
%
Preferred stock
4
%
5
%
4
%
2
%
2
%
Long- and short-term debt
48
%
48
%
60
%
57
%
54
%
Total
100
%
100
%
100
%
100
%
100
%
(1)
Refer to "Alliant Energy Results of Operations" in MDA for a discussion of the 2004, 2003 and 2002 results of operations.
(2)
Includes $204.0 million ($2.58 per diluted share) of non-cash net income related to Alliant Energy's adoption of Statement of
Financial Accounting Standards 133, "Accounting for Derivative Instruments and Hedging Activities," and $15.6 million
($0.20 per diluted share) of net income from gains on sales of McLeodUSA Incorporated (McLeod) stock.
(3)
Alliant Energy adjusts the carrying value of its investments in McLeod to its estimated fair value, pursuant to the applicable
accounting rules. At Dec. 31, 2000, the carrying amount reflected an unrealized gain of approximately $543 million with a net
of tax increase to common equity of $317 million. The unrealized gain (loss) was not significant during all other periods
reported.
(4)
Represents income from continuing operations before income taxes plus preferred dividend requirements of subsidiaries plus
interest expense divided by interest expense.
22
IPL
2004 (1)
2003 (1)
2002 (1)
2001
2000
(in millions)
Operating revenues
$1,459.6
$1,371.2
$1,242.4
$1,352.6
$1,234.0
Earnings available for common stock
110.3
87.1
88.0
94.7
99.7
Cash dividends declared on common stock
102.0
89.1
81.8
80.3
80.3
Cash flows from operating activities
345.7
321.9
250.4
305.9
267.6
Total assets
3,869.1
3,621.0
3,192.8
2,854.2
2,924.2
Long-term obligations, net
1,038.9
910.5
902.2
922.9
792.3
(1) Refer to “IPL Results of Operations” in MDA for a discussion of the 2004, 2003 and 2002 results of operations.
Alliant Energy is the sole common shareowner of all 13,370,788 shares of IPL’s common stock outstanding. As such, earnings per share data is not disclosed herein.
WPL
2004 (1)
2003 (1)
2002 (1)
2001
2000
(in millions)
Operating revenues
$1,209.8
$1,217.0
$989.5
$993.7
$862.4
Earnings available for common stock
110.4
111.6
77.6
70.2
68.1
Cash dividends declared on common stock
89.0
70.6
59.6
60.4
--
Cash flows from operating activities
199.3
138.5
223.8
135.9
174.1
Total assets
2,656.1
2,469.3
2,335.1
2,217.5
2,160.6
Long-term obligations, net
491.3
453.5
523.3
523.2
569.3
(1) Refer to “WPL Results of Operations” in MDA for a discussion of the 2004, 2003 and 2002 results of operations.
Alliant Energy is the sole common shareowner of all 13,236,601 shares of WPL’s common stock outstanding. As such, earnings per share data is not disclosed herein.
Next Section
Previous Section