AI English summary of an SEC filing — figures as filed
The company said its full-year 2023 GAAP earnings per share were $2.78, up from $2.73 in 2022, and its temperature-normalized non-GAAP earnings per share were $2.88, up 5.5% from $2.73 in 2022.
Key points
AI summaryThe company said its full-year 2023 GAAP earnings per share were $2.78, up from $2.73 in 2022, and its temperature-normalized non-GAAP earnings per share were $2.88, up 5.5% from $2.73 in 2022.
Alliant Energy cited revenue requirements and AFUDC from capital investments of +$0.26, higher financing expense of -$0.21, and temperature impacts of -$0.13 as drivers of the GAAP EPS change in 2023. The company said the non-GAAP adjustments in 2023 of -$0.04 were charges for remeasuring deferred income tax assets due to the Iowa state income tax rate change.
The company reported net cash flow from operating activities of $867 million for the full year 2023 (2022: $486 million), net cash used in investing activities of $(1,401) million, and net cash used in financing activities of $573 million. Proceeds from long-term debt issuances in the same year totaled $1,455 million.
The company said it reaffirmed its 2024 EPS guidance range of $2.99 to $3.13. It cited normal temperatures, constructive and timely regulatory outcomes, execution of capital expenditure and financing plans, and a consolidated effective tax rate of (7%) as assumptions.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Full-Year 2023 GAAP EPS and Temperature-Normalized Non-GAAP EPS
The company said its full-year 2023 GAAP earnings per share were $2.78, up from $2.73 in 2022, and its temperature-normalized non-GAAP earnings per share were $2.88, up 5.5% from $2.73 in 2022.
Source · Based on the filing body and exhibits
Full-Year GAAP EPS Drivers and Non-GAAP Adjustments
Alliant Energy cited revenue requirements and AFUDC from capital investments of +$0.26, higher financing expense of -$0.21, and temperature impacts of -$0.13 as drivers of the GAAP EPS change in 2023. The company said the non-GAAP adjustments in 2023 of -$0.04 were charges for remeasuring deferred income tax assets due to the Iowa state income tax rate change.
Source · Based on the filing body and exhibits
2023 Operating Cash Flow and Investing and Financing Cash Flows
The company reported net cash flow from operating activities of $867 million for the full year 2023 (2022: $486 million), net cash used in investing activities of $(1,401) million, and net cash used in financing activities of $573 million. Proceeds from long-term debt issuances in the same year totaled $1,455 million.
Source · Based on the filing body and exhibits
2024 EPS Guidance Reaffirmed and Assumptions
The company said it reaffirmed its 2024 EPS guidance range of $2.99 to $3.13. It cited normal temperatures, constructive and timely regulatory outcomes, execution of capital expenditure and financing plans, and a consolidated effective tax rate of (7%) as assumptions.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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