ALLETE, Inc. (ALE) — Financial statements
Income statement, balance sheet, and cash flow for ALLETE, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,530↓18.6% | 1,880↑19.7% | 1,571↑10.7% | 1,419↑21.4% | 1,169 | |
| Cost of Revenue | 1,033↓25.7% | 1,390↑23.7% | 1,124↑16.4% | 966↑29.7% | 744 | |
| Gross Profit | 497↑1.4% | 490↑9.6% | 447↓1.5% | 454↑6.8% | 425 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Expenses | 337↑9.0% | 309↓1.2% | 313↑3.4% | 302↑10.3% | 274 | |
| Operating Expenses | 337↑9.0% | 309↓1.2% | 313↑3.4% | 302↑10.3% | 274 | |
| Total Costs & Expenses | 1,370↓19.4% | 1,699↑18.3% | 1,437↑13.3% | 1,268↑24.5% | 1,018 | |
| Operating Results | ||||||
| Operating Income | 160↓11.5% | 181↑34.8% | 134↓11.3% | 151↑0.3% | 151 | |
| Depreciation & Amortization | 278↑10.5% | 252↑4.0% | 242↑4.5% | 232↑6.4% | 218 | |
| EBITDA | 486↓9.8% | 539↑29.2% | 418↑1.4% | 412↑1.5% | 406 | |
| EBIT | 208↓27.6% | 288↑64.1% | 175↓2.6% | 180↓4.1% | 188 | |
| Interest & Other Income | ||||||
| Net Interest Income | -78↑3.8% | -81↓7.4% | -75↓8.8% | -69↓5.3% | -66 | |
| Interest Income | 4 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 82↑1.1% | 81↑7.4% | 75↑8.8% | 69↑5.3% | 66 | |
| Non-Operating Income | -48↑55.0% | -107↓159.6% | -41↓43.2% | -29↑22.0% | -37 | |
| Other Income / Expenses | -34↓230.1% | 26↑176.0% | -34↑15.6% | -40↓40.3% | -29 | |
| Income Before Tax | 126↓38.9% | 207↑106.6% | 100↓9.7% | 111↓9.2% | 122 | |
| Income Tax Expense | 5↓83.2% | 28↑189.4% | -31↓16.0% | -27↑31.9% | -40 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 122↓32.0% | 179↑36.3% | 131↓4.7% | 138↓14.7% | 162 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 179↓27.4% | 247↑30.5% | 189↑11.9% | 169↓2.9% | 174 | |
| Bottom-Line Net Income | 179↓27.4% | 247↑30.5% | 189↑11.9% | 169↓2.9% | 174 | |
| EPS (Basic) | 3.11↓27.9% | 4.31↑27.3% | 3.39↑4.9% | 3.23↓3.8% | 3.36 | |
| EPS (Diluted) | 3.10↓27.9% | 4.30↑27.3% | 3.38↑4.9% | 3.22↓4.0% | 3.36 | |
| Weighted Average Shares | 58↑0.7% | 57↑2.5% | 56↑6.7% | 52↑1.0% | 52 | |
| Weighted Average Diluted Shares | 58↑0.7% | 57↑2.5% | 56↑6.7% | 53↑1.2% | 52 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.