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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	165.7	179.3	247.1	189.3	169.2	165.4
Depreciation & Amortization	286	273.2	253.6	242.7	230.1	216.8
Loss (Gain) on Sale of Investments	-1.3	-	-	1.2	-0.8	-1.3
Loss (Gain) on Equity Investments	-0.2	-1.8	1	2.4	2.2	-3.2
Asset Writedown	-	-	-	-	-	12.7
Stock-Based Compensation	7.3	6.6	7.3	4.9	5.9	6.1
Change in Accounts Receivable	-13.6	-13.1	1.8	-14	-13	-18.2
Change in Inventory	-19	7.5	277.1	-256.1	-23.5	-1.4
Change in Accounts Payable	0.3	-2.7	-4	-1.3	15	11.8
Change in Other Net Operating Assets	10	14.2	-165.2	119	-9.8	-38.6
Other Operating Activities	-123.4	-68.6	-34.7	-68.7	-113	-53
Operating Cash Flow	342.8	457.1	585.3	221.3	263.5	299.8
Operating Cash Flow Growth	-20.76%	-21.90%	164.48%	-16.01%	-12.11%	21.43%
Capital Expenditures	-664.9	-354.9	-271.2	-220.5	-479.5	-724.7
Cash Acquisitions	-	-	-	-155	-	-
Investment in Securities	-18.2	-6.2	-8.4	-6.1	-14.8	-95
Other Investing Activities	6	20.4	-4	-2.4	9.1	6.9
Investing Cash Flow	-677.1	-340.7	-283.6	-384	-485.2	-812.8
Long-Term Debt Issued	-	658	437	785.4	733	672.4
Total Debt Issued	715	658	437	785.4	733	672.4
Long-Term Debt Repaid	-	-649.4	-566.7	-877	-552.9	-488.6
Total Debt Repaid	-261.8	-649.4	-566.7	-877	-552.9	-488.6
Net Debt Issued (Repaid)	453.2	8.6	-129.7	-91.6	180.1	183.8
Issuance of Common Stock	12.6	12.9	14.9	248	69.9	18.1
Common Dividends Paid	-167.8	-162.8	-155.5	-145.9	-131.9	-128.2
Other Financing Activities	6.5	0.7	7.8	144.7	86.1	412
Financing Cash Flow	304.5	-140.6	-262.5	155.2	204.2	485.7
Net Cash Flow	-29.8	-24.2	39.2	-7.5	-17.5	-27.3
Free Cash Flow	-322.1	102.2	314.1	0.8	-216	-424.9
Free Cash Flow Growth	-	-67.46%	39162.50%	-	-	-
Free Cash Flow Margin	-21.47%	6.68%	16.71%	0.05%	-15.22%	-36.34%
Free Cash Flow Per Share	-5.55	1.77	5.47	0.01	-4.11	-8.19
Cash Interest Paid	79.6	75.1	80.5	72.8	66.8	62
Cash Income Tax Paid	28	19.1	19.5	6	-	-
Levered Free Cash Flow	-363.74	31.1	175.93	-240.6	-140.91	-482.91
Unlevered Free Cash Flow	-306.86	82.16	226.43	-193.6	-97.73	-441.91
Change in Working Capital	7.6	67	109.7	-152.4	-31.3	-46.4

Updated Oct 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.

SEC Filings: 10-K · 10-Q