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ALLETE INC   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2020201920182017201620152014201320122011
Period End Date12/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/2011
Operating Revenue------------1,136.801,018.40961.20928.20
Energy Services--------------------
Automotive Services--------------------
Contracts with Customers- Utility987.301,042.401,059.501,063.801,000.70991.20--------
Contracts with Customers- Non-Regulated/Non-Utility170.50186.50415.50331.90316.70495.20--------
Investments--------------------
Prior Year Rate Refunds--------------------
Other - Non-utility11.3011.6023.6023.6022.30----------
Total Revenue1,169.101,240.501,498.601,419.301,339.701,486.401,136.801,018.40961.20928.20
Cost of Sales66.7080.60218.00147.50137.40294.4077.9071.20----
Fuel and Purchased Power------------356.10334.80308.70306.60
Fuel and Purchased Power: Utility358.60390.70407.50396.90339.90----------
Fuel and Purchased Power: Nonregulated/Nonutility----------336.00--------
Depreciation--------195.80170.00135.70116.60100.2090.40
Depreciation and amortization217.80202.00205.60177.50------------
Interest--------------------
Transmission Services67.0069.8069.9071.2065.2054.1045.6032.30----
Taxes other than income(56.10)(53.30)(57.90)(56.90)(53.80)(51.40)(45.60)(41.70)----
Expense-Other----2.000.7010.30(36.30)--------
Operating and maintenance(252.00)(264.30)(340.50)(344.10)(340.90)(333.50)(287.10)(267.70)(397.10)(381.20)
Impairment of real estate------0.00------------
Operations: Automotive and Investments--------------------
Operations: Nonregulated/Nonutility--------------------
Operations: Utility--------------------
Kendall County Charge--------------------
Total Operating Expenses1,018.201,060.701,297.401,193.401,122.701,275.70948.00864.30----
Operating Income (Loss)150.90179.80201.20225.90217.00210.70188.80154.10155.20150.00
Interest expense65.6064.9067.9067.8070.3064.9054.8050.3045.5043.60
INCOME FROM DISPOSITION OF INVESTMENT IN ACE--------------------
Equity Earnings in ATC22.1021.7017.5022.5018.5016.3019.6020.3019.4018.40
Other Income / (Expenses)14.7018.707.806.3010.404.708.609.306.004.40
DISTRIBUTIONS ON REDEEMABLE PREFERRED SECURITIES OF ALLETE CAPITAL--------------------
Gain on Sale of U.S. Water Services--23.60----------------
Total Non-Operating Income/Expense(28.80)(0.90)(42.60)(39.00)(41.40)(43.90)(26.60)(20.70)----
Income (loss) before minority interest and income taxes122.10178.90158.60186.90175.60166.80162.20133.40135.10129.20
Current- Foreign--------------------
Deferred: Foreign--------------------
Change in valuation allowance--------------------
Income tax expense (benefit)(39.50)(6.60)(15.50)14.7019.8025.3036.7028.7038.0035.60
Current : Federal------------1.10----1.40
Deferred : Federal(48.80)(27.80)(26.20)12.1012.0019.4025.3022.9037.0027.40
Deferred : State9.8021.7011.0015.808.106.508.206.501.409.30
Current : State--0.100.300.300.400.202.900.100.50(1.60)
Deferred Tax Credits------(13.00)------------
Investment Tax Credit Amortization(0.50)(0.60)(0.60)(0.50)(0.70)(0.80)(0.80)(0.80)(0.90)(0.90)
Minority interest--------------------
Income (loss) from Continuing Operations--------------------
INCOME (LOSS) FROM DISCONTINUED OPERATIONS - NET OF TAX--------------------
CHANGE IN ACCOUNTING PRINCIPLE - NET OF TAX--------------------
Net Income before Preferred Dividend & Noncontrolling Interest161.60185.50174.10172.20155.80141.50125.50104.7097.1093.60
Non-Controlling Interest in Subsidiaries(12.60)(0.10)--0.000.500.400.70----(0.20)
Net Income (Loss) Available to Common Shareholders174.20185.60174.10172.20155.30141.10124.80104.7097.1093.80
EPS (Basic) : Continuing operations--------------------
EPS (Basic) : Discontinued operations--------------------
EPS (Basic): Change in accounting principle--------------------
Net Earnings Per Share (Basic)3.363.593.393.393.152.922.912.642.592.66
EPS (Diluted) : Continuing operations--------------------
EPS (Diluted) : Discontinued operations--------------------
EPS (Diluted): Change in accounting principle--------------------
Net Earnings Per Share (Diluted)3.353.593.383.383.142.922.902.632.582.65
Weighted Average Shares Outstanding (Basic)51.9051.6051.3050.8049.3048.3042.9039.7037.6035.30
Weighted Average Shares Outstanding (Diluted)51.9051.7051.5051.0049.5048.4043.1039.8037.6035.40