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In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
Utility Business | 3,586.0 | 3,342.0 | 3,565.0 | 3,495.0 | 3,343.1 | 3,279.5 | 3,209.6 | 3,297.2 |
Electric | 3,081.0 | 2,920.0 | 3,064.0 | 3,000.0 | 2,894.7 | 2,875.5 | 2,770.5 | 2,713.6 |
IPL | 2,063.0 | 1,947.0 | 2,089.0 | 2,042.0 | 1,870.3 | 1,820.4 | 1,774.5 | 1,848.1 |
WPL | 1,523.0 | 1,395.0 | 1,476.0 | 1,453.0 | 1,472.8 | 1,459.1 | 1,435.1 | 1,449.1 |
Total revenues | 3,669.0 | 3,416.0 | 3,648.0 | 3,534.0 | 3,382.2 | 3,320.0 | 3,253.6 | 3,350.3 |
Revenue growth [+] | 7.4% | -6.4% | 3.2% | 4.5% | 1.9% | 2.0% | -2.9% | 2.2% |
Utility Business | 7.3% | -6.3% | 2.0% | 4.5% | 1.9% | 2.2% | -2.7% | 2.2% |
Electric | 5.5% | -4.7% | 2.1% | 3.6% | 0.7% | 3.8% | 2.1% | |
IPL | 6.0% | -6.8% | 2.3% | 9.2% | 2.7% | 2.6% | -4.0% | 1.6% |
WPL | 9.2% | -5.5% | 1.6% | -1.3% | 0.9% | 1.7% | -1.0% | 3.0% |
Gas | 22.3% | -18.0% | 1.8% | 11.5% | 12.8% | -6.8% | -26.3% | |
Cost of goods sold [+] | 1,471.0 | 1,301.0 | 1,415.0 | 1,374.0 | 1,325.5 | 194.3 | 1,542.1 | 1,652.5 |
Other direct costs | 676.0 | 670.0 | 712.0 | 646.0 | 633.2 | | | |
Gross profit | 2,198.0 | 2,115.0 | 2,233.0 | 2,160.0 | 2,056.7 | 3,125.7 | 1,711.5 | 1,697.8 |
Gross margin | 59.9% | 61.9% | 61.2% | 61.1% | 60.8% | 94.1% | 52.6% | 50.7% |
Selling, general and administrative [+] | 104.0 | 108.0 | 111.0 | 104.0 | 105.6 | 102.3 | 103.7 | 101.1 |
General and administrative | 104.0 | 108.0 | 111.0 | 104.0 | 105.6 | 102.3 | 103.7 | 101.1 |
Equity in earnings | 62.0 | 61.0 | 53.0 | 55.0 | 44.8 | 39.6 | 33.8 | 40.4 |
Other operating expenses | 642.0 | 652.0 | 777.0 | 855.0 | 818.1 | 1,971.3 | 629.5 | 665.0 |
EBITDA [+] | 1,514.0 | 1,416.0 | 1,398.0 | 1,256.0 | 1,177.8 | 1,091.7 | 1,012.1 | 972.1 |
EBITDA growth | 6.9% | 1.3% | 11.3% | 6.6% | 7.9% | 7.9% | 4.1% | 2.5% |
EBITDA margin | 41.3% | 41.5% | 38.3% | 35.5% | 34.8% | 32.9% | 31.1% | 29.0% |
Depreciation and amortization | 657.0 | 615.0 | 567.0 | 507.0 | 461.8 | 411.6 | 401.3 | 388.1 |
EBIT [+] | 857.0 | 801.0 | 831.0 | 749.0 | 716.0 | 680.1 | 610.8 | 584.0 |
EBIT growth | 7.0% | -3.6% | 10.9% | 4.6% | 5.3% | 11.3% | 4.6% | 1.1% |
EBIT margin | 23.4% | 23.4% | 22.8% | 21.2% | 21.2% | 20.5% | 18.8% | 17.4% |
Non-recurring items [+] | | | | | | 86.4 | | |
Asset impairment | | | | | | 86.4 | | |
Interest expense | 277.0 | 275.0 | 273.0 | 247.0 | 215.6 | 196.2 | 187.1 | 180.6 |
Interest expense | 277.0 | 275.0 | 273.0 | 247.0 | 215.6 | 196.2 | 187.1 | 180.6 |
Other income (expense), net [+] | 20.0 | 41.0 | 78.0 | 68.0 | 32.4 | 45.9 | 37.6 | 36.6 |
Other | -5.0 | -14.0 | -15.0 | -8.0 | -17.3 | -16.6 | 0.7 | 1.8 |
Pre-tax income | 600.0 | 567.0 | 636.0 | 570.0 | 532.8 | 443.4 | 461.3 | 440.0 |
Income taxes | -74.0 | -57.0 | 69.0 | 48.0 | 66.7 | 59.4 | 70.4 | 44.3 |
Tax rate | | | 10.8% | 8.4% | 12.5% | 13.4% | 15.3% | 10.1% |
Earnings from continuing ops | 659.0 | 614.0 | 557.0 | 512.0 | 455.9 | 373.8 | 380.7 | 385.5 |
Earnings from discontinued ops | | | | | 1.4 | -2.3 | -2.5 | -2.4 |
Net income | 659.0 | 614.0 | 557.0 | 512.0 | 457.3 | 371.5 | 378.2 | 383.1 |
Net margin | 18.0% | 18.0% | 15.3% | 14.5% | 13.5% | 11.2% | 11.6% | 11.4% |
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Basic EPS [+] | $2.63 | $2.47 | $2.34 | $2.19 | $1.98 | $1.65 | $1.69 | $1.74 |
Growth | 6.6% | 5.8% | 6.6% | 10.4% | 20.6% | -2.5% | -2.9% | -47.1% |
Diluted EPS [+] | $2.63 | $2.47 | $2.33 | $2.19 | $1.98 | $1.65 | $1.69 | $1.74 |
Growth | 6.5% | 5.9% | 6.3% | 10.4% | 20.6% | -2.5% | -2.9% | -47.1% |
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Dividends per share [+] | $1.61 | $1.52 | $1.42 | $1.34 | $1.26 | $1.18 | $1.10 | $1.02 |
Growth | 5.9% | 7.0% | 6.0% | 6.3% | 7.2% | 6.8% | 7.8% | -45.7% |
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Shares outstanding (basic) [+] | 250.2 | 248.4 | 238.5 | 233.6 | 229.7 | 227.1 | 225.4 | 221.7 |
Growth | 0.7% | 4.2% | 2.1% | 1.7% | 1.1% | 0.8% | 1.7% | 100.1% |
Shares outstanding (diluted) [+] | 250.7 | 248.7 | 239.0 | 233.6 | 229.7 | 227.1 | 225.4 | 221.7 |
Growth | 0.8% | 4.1% | 2.3% | 1.7% | 1.1% | 0.8% | 1.7% | 100.1% |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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