ALLETE, Inc. (ALE)

ALLETE Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	183.6	179.3	247.1	189.3	169.2	165.4
Depreciation & Amortization	284.9	273.2	253.6	242.7	230.1	216.8
Loss (Gain) on Sale of Investments	-1.2	-	-	1.2	-0.8	-1.3
Loss (Gain) on Equity Investments	-	-1.8	1	2.4	2.2	-3.2
Asset Writedown	-	-	-	-	-	12.7
Stock-Based Compensation	6.9	6.6	7.3	4.9	5.9	6.1
Change in Accounts Receivable	-1	-13.1	1.8	-14	-13	-18.2
Change in Inventory	1.1	7.5	277.1	-256.1	-23.5	-1.4
Change in Accounts Payable	7.2	-2.7	-4	-1.3	15	11.8
Change in Other Net Operating Assets	6.8	14.2	-165.2	119	-9.8	-38.6
Other Operating Activities	-120	-68.6	-34.7	-68.7	-113	-53
Operating Cash Flow	430.2	457.1	585.3	221.3	263.5	299.8
Operating Cash Flow Growth	-	-21.90%	164.48%	-16.01%	-12.11%	21.43%
Capital Expenditures	-483.6	-354.9	-271.2	-220.5	-479.5	-724.7
Cash Acquisitions	-	-	-	-155	-	-
Investment in Securities	-12.3	-6.2	-8.4	-6.1	-14.8	-95
Other Investing Activities	18.3	20.4	-4	-2.4	9.1	6.9
Investing Cash Flow	-477.6	-340.7	-283.6	-384	-485.2	-812.8
Long-Term Debt Issued	-	658	437	785.4	733	672.4
Total Debt Issued	692	658	437	785.4	733	672.4
Long-Term Debt Repaid	-	-649.4	-566.7	-877	-552.9	-488.6
Total Debt Repaid	-484.1	-649.4	-566.7	-877	-552.9	-488.6
Net Debt Issued (Repaid)	207.9	8.6	-129.7	-91.6	180.1	183.8
Issuance of Common Stock	13	12.9	14.9	248	69.9	18.1
Common Dividends Paid	-166.1	-162.8	-155.5	-145.9	-131.9	-128.2
Other Financing Activities	6.8	0.7	7.8	144.7	86.1	412
Financing Cash Flow	61.6	-140.6	-262.5	155.2	204.2	485.7
Net Cash Flow	14.2	-24.2	39.2	-7.5	-17.5	-27.3
Free Cash Flow	-53.4	102.2	314.1	0.8	-216	-424.9
Free Cash Flow Growth	-	-67.46%	39162.50%	-	-	-
Free Cash Flow Margin	-3.48%	6.68%	16.71%	0.05%	-15.22%	-36.34%
Free Cash Flow Per Share	-0.92	1.77	5.47	0.01	-4.11	-8.19
Cash Interest Paid	78.8	75.1	80.5	72.8	66.8	62
Cash Income Tax Paid	24.5	19.1	19.5	6	-	-
Levered Free Cash Flow	-111.7	31.1	175.93	-240.6	-140.91	-482.91
Unlevered Free Cash Flow	-58.14	82.16	226.43	-193.6	-97.73	-441.91
Change in Working Capital	75	67	109.7	-152.4	-31.3	-46.4

Updated Aug 7, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.

SEC Filings: 10-K · 10-Q