ALLETE, Inc. (ALE)

ALLETE Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	1,880	1,571	1,419	1,169	1,241
Revenue Growth (YoY)	19.68%	10.68%	21.39%	-5.76%	-17.22%
Cost of Revenue	1,447	1,194	1,036	800.4	858.7
Gross Profit	432.7	376.4	383	368.7	381.8
Other Operating Expenses	251.8	242.2	231.7	230.5	202
Operating Expenses	251.8	242.2	231.7	230.5	202
Operating Income	180.9	134.2	151.3	138.2	179.8
Interest Expense / Income	80.8	75.2	69.1	65.6	64.9
Other Expense / Income	-174.9	-99.1	-60.1	-49.4	-64.1
Pretax Income	275	158.1	142.3	122	179
Income Tax	27.9	-31.2	-26.9	-43.4	-6.6
Net Income	247.1	189.3	169.2	165.4	185.6
Net Income Growth	30.53%	11.88%	2.30%	-10.88%	6.61%
Shares Outstanding (Basic)	57	56	52	52	52
Shares Outstanding (Diluted)	57	56	53	52	52
Shares Change	2.50%	6.67%	1.16%	0.39%	0.39%
EPS (Basic)	4.31	3.38	3.23	3.18	3.59
EPS (Diluted)	4.30	3.38	3.23	3.18	3.59
EPS Growth	27.22%	4.64%	1.57%	-11.42%	6.21%
Free Cash Flow	314.1	0.8	-216	-424.9	-350.2
Free Cash Flow Per Share	5.48	0.01	-4.12	-8.19	-6.79
Dividend Per Share	2.710	2.600	2.520	2.470	2.349
Dividend Growth	4.23%	3.17%	2.02%	5.15%	4.87%
Gross Margin	23.02%	23.96%	26.99%	31.54%	30.78%
Operating Margin	9.62%	8.54%	10.66%	11.82%	14.49%
Profit Margin	13.15%	12.05%	11.92%	14.15%	14.96%
Free Cash Flow Margin	16.71%	0.05%	-15.22%	-36.34%	-28.23%
Effective Tax Rate	10.15%	-19.73%	-18.90%	-35.57%	-3.69%
EBITDA	607.5	475.3	443	405.3	444.5
EBITDA Margin	32.32%	30.26%	31.21%	34.67%	35.83%
Depreciation & Amortization	251.7	242	231.6	217.7	200.6
EBIT	355.8	233.3	211.4	187.6	243.9
EBIT Margin	18.93%	14.85%	14.90%	16.05%	19.66%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).