Item 6. SELECTED FINANCIAL DATA

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Item 6. SELECTED FINANCIAL DATA

Financial Information



Alliant Energy	2015 (a)			2014 (a)			2013 (a)			2012			2011
	(dollars in millions, except per share data)
Income Statement Data:
Operating revenues		$3,253.6			$3,350.3			$3,276.8			$3,094.5			$3,221.4
Income from continuing operations, net of tax	390.9			395.7			382.1			340.8			341.4
Loss from discontinued operations, net of tax	(2.5		)	(2.4		)	(5.9		)	(5.1		)	(19.5		)
Net income	388.4			393.3			376.2			335.7			321.9
Amounts attributable to Alliant Energy common shareowners:
Income from continuing operations, net of tax	380.7			385.5			364.2			324.9			323.1
Loss from discontinued operations, net of tax	(2.5		)	(2.4		)	(5.9		)	(5.1		)	(19.5		)
Net income	378.2			383.1			358.3			319.8			303.6
Common Stock Data:
Earnings per weighted average common share attributable to Alliant Energy common shareowners (basic and diluted):
Income from continuing operations, net of tax		$3.38			$3.48			$3.29			$2.93			$2.92
Loss from discontinued operations, net of tax		($0.02	)		($0.02	)		($0.06	)		($0.04	)		($0.18	)
Net income		$3.36			$3.46			$3.23			$2.89			$2.74
Common shares outstanding at year-end (000s)	113,459			110,936			110,944			110,987			111,019
Dividends declared per common share		$2.20			$2.04			$1.88			$1.80			$1.70
Market value per share at year-end		$62.45			$66.42			$51.60			$43.91			$44.11
Book value per share at year-end		$32.82			$31.00			$29.58			$28.25			$27.14
Market capitalization at year-end		$7,085.5			$7,368.4			$5,724.7			$4,873.4			$4,897.0
Other Selected Financial Data:
Cash flows from operating activities		$871.2			$891.6			$731.0			$841.1			$702.7
Construction and acquisition expenditures		$1,034.3			$902.8			$798.3			$1,158.1			$673.4
Total assets at year-end (b)		$12,495.2			$12,063.5			$11,092.5			$10,766.0			$9,668.8
Long-term obligations, net (b)		$3,837.0			$3,768.7			$3,318.2			$3,122.0			$2,688.9
Times interest earned before income taxes (c)	3.47X			3.44X			3.52X			3.75X			3.59X
Capitalization ratios:
Common equity	47		%	45		%	46		%	47		%	50		%
Preferred stock of subsidiaries	3		%	3		%	3		%	3		%	3		%
Long- and short-term debt	50		%	52		%	51		%	50		%	47		%
Total	100		%	100		%	100		%	100		%	100		%


(a)	Refer to “Results of Operations” in MDA for discussion of the 2015, 2014 and 2013 results of operations.


(b)	In 2015, Alliant Energy adopted a new accounting standard related to the presentation of debt issuance costs on the balance sheet, which was applied retrospectively. As a result, “Total assets at year-end” and “Long-term obligations, net” were revised to conform to the new presentation. The impact to 2013, 2012 and 2011 was not material. Refer to Notes 1(p) and 1(q) for further details.


(c)	Represents the sum of income from continuing operations before income taxes plus interest expense, divided by interest expense.



IPL	2015 (a)		2014 (a)		2013 (a)		2012		2011
	(in millions)
Operating revenues		$1,774.5		$1,848.1		$1,818.8		$1,650.3		$1,740.1
Net income (b)	196.2		191.8		188.3		158.3		139.3
Earnings available for common stock (b)	186.0		181.6		172.0		145.7		124.3
Cash dividends declared on common stock	140.0		140.0		128.1		122.9		73.4
Cash flows from operating activities	385.0		406.1		232.6		291.0		366.9
Total assets (b)	6,709.1		6,450.2		5,793.9		5,446.8		5,084.1
Long-term obligations, net (b)	1,857.4		1,758.6		1,549.5		1,353.7		1,302.0


(a)	Refer to “Results of Operations” in MDA for a discussion of the 2015, 2014 and 2013 results of operations.


(b)	In 2015, IPL adopted a new accounting standard related to the presentation of debt issuance costs on the balance sheet, as well as applied a change in method of recording income taxes, which were applied retrospectively. As a result, “Net income,” “Earnings available for common stock,” “Total assets,” and “Long-term obligations, net” were revised to conform to the new presentation. The impact to 2013, 2012 and 2011 was not material. Refer to Notes 1(c), 1(p) and 1(q) for further details.

(b)

In 2015, IPL adopted a new accounting standard related to the presentation of debt issuance costs on the balance sheet, as well as applied a change in method of recording income taxes, which were applied retrospectively. As a result, “Net income,” “Earnings available for common stock,” “Total assets,” and “Long-term obligations, net” were revised to conform to the new presentation. The impact to 2013, 2012 and 2011 was not material. Refer to Notes 1(c), 1(p) and 1(q) for further details.

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	2015 (a)		2014 (a)		2013 (a)		2012		2011
	(in millions)
Operating revenues		$1,435.1		$1,449.1		$1,406.3		$1,392.0		$1,434.4
Net income (b)	177.6		181.1		179.1		172.7		163.5
Earnings available for common stock (b)	176.3		180.4		177.5		169.4		160.2
Cash dividends declared on common stock	126.9		118.7		116.3		112.0		112.1
Cash flows from operating activities	449.8		424.4		423.3		427.4		428.8
Total assets (b)	5,270.4		5,117.6		4,796.2		4,754.4		4,035.8
Long-term obligations, net (b)	1,624.2		1,658.3		1,423.2		1,426.3		1,182.3


(a)	Refer to “Results of Operations” in MDA for a discussion of the 2015, 2014 and 2013 results of operations.


(b)	In 2015, WPL adopted a new accounting standard related to the presentation of debt issuance costs on the balance sheet, as well as applied a change in method of recording income taxes, which were applied retrospectively. As a result, “Net income,” “Earnings available for common stock,” “Total assets,” and “Long-term obligations, net” were revised to conform to the new presentation. The impact to 2013, 2012 and 2011 was not material. Refer to Notes 1(c), 1(p) and 1(q) for further details.

(b)

In 2015, WPL adopted a new accounting standard related to the presentation of debt issuance costs on the balance sheet, as well as applied a change in method of recording income taxes, which were applied retrospectively. As a result, “Net income,” “Earnings available for common stock,” “Total assets,” and “Long-term obligations, net” were revised to conform to the new presentation. The impact to 2013, 2012 and 2011 was not material. Refer to Notes 1(c), 1(p) and 1(q) for further details.

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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