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The following is an excerpt from a 10-K SEC Filing, filed by INTERSTATE POWER & LIGHT CO on 3/4/2005.
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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.  

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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.

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