ALLETE, Inc. (ALE)

ALLETE Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	101.9	71.9	36.4	45.1	44.3	69.3
Accounts Receivable	136.8	129	134.7	123.5	111.9	96.4
Other Receivables	-	8.2	3.2	0.2	-	-
Inventory	166.6	175.4	455.9	97.7	74.2	72.8
Prepaid Expenses	71.5	78.5	86.3	24.5	23.7	28.2
Restricted Cash	6.6	5.1	1.5	0.3	0.8	2.8
Total Current Assets	483.4	468.1	718	291.3	254.9	269.5
Property, Plant & Equipment	5,126	5,026	5,017	5,104	4,863	4,406
Regulatory Assets	386.1	425.4	441	511.8	480.9	420.5
Goodwill	154.9	154.9	-	-	-	-
Other Intangible Assets	0.4	0.5	155.6	0.8	-	-
Long-Term Investments	337.9	331.2	322.7	318	301.2	197.6
Long-Term Accounts Receivable	16.6	18.5	21	23.3	25.5	28
Other Long-Term Assets	232.3	231.6	170.6	173.2	158.9	161.6
Total Assets	6,737	6,656	6,846	6,422	6,085	5,483
Accounts Payable	110.8	102.2	103	111	110	165.2
Accrued Expenses	19.1	21.1	20.5	20.1	19.8	18.1
Current Portion of Long-Term Debt	41.8	111.4	272.6	214.2	203.7	212.9
Current Portion of Leases	3.8	3.4	3.2	4.8	5.9	6.9
Current Income Taxes Payable	60.2	51	69.1	65.1	59.4	50.8
Other Current Liabilities	98.7	88.5	247.8	128.2	60.8	53.5
Total Current Liabilities	334.4	377.6	716.2	543.4	459.6	507.4
Long-Term Debt	1,744	1,680	1,648	1,763	1,593	1,401
Long-Term Leases	8.9	9.3	9.3	11.6	16.5	21.8
Pension & Post-Retirement Benefits	134.5	160.8	179.7	179.5	225.8	172.8
Long-Term Deferred Tax Liabilities	255.5	192.7	158.1	181.8	195.7	212.8
Other Long-Term Liabilities	867.6	829	785.8	805.3	793.6	831.5
Total Liabilities	3,345	3,249	3,497	3,485	3,284	3,147
Common Stock	1,819	1,804	1,782	1,537	1,461	1,437
Retained Earnings	1,033	1,026	934.8	891.4	864.8	818.8
Comprehensive Income & Other	-21	-20.5	-24.4	-23.8	-31.1	-23.6
Total Common Equity	2,831	2,810	2,692	2,404	2,295	2,232
Minority Interest	561.4	597.5	656.4	533.2	505.6	103.7
Shareholders' Equity	3,393	3,407	3,348	2,938	2,800	2,336
Total Liabilities & Equity	6,737	6,656	6,846	6,422	6,085	5,483
Total Debt	1,798	1,804	1,933	1,994	1,819	1,643
Net Cash (Debt)	-1,696	-1,732	-1,897	-1,949	-1,775	-1,573
Net Cash Per Share	-29.40	-30.18	-33.87	-37.12	-34.20	-30.43
Filing Date Shares Outstanding	57.82	57.58	57.25	53.24	52.12	51.7
Total Common Shares Outstanding	57.82	57.6	57.2	53.2	52.1	51.68
Working Capital	149	90.5	1.8	-252.1	-204.7	-237.9
Book Value Per Share	48.97	48.78	47.06	45.19	44.04	43.19
Tangible Book Value	2,676	2,654	2,536	2,404	2,295	2,232
Tangible Book Value Per Share	46.28	46.08	44.34	45.18	44.04	43.19
Construction In Progress	-	223.1	176	208.4	350	738.7

Source: S&P Capital IQ. Utility template. Financial Sources.