Allete Inc financial data

Symbol
ALE on NYSE
Industry
Electric & Other Services Combined
Location
30 W Superior St, Duluth, MN
State of incorporation
MN
Fiscal year end
December 31
Former names
ALLETE (to 1/25/2001), MINNESOTA POWER INC (to 7/21/2000), MINNESOTA POWER & LIGHT CO (to 5/8/1998)
Latest financial report
10-Q - Q3 2024 - Oct 30, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 143 % +26.2%
Quick Ratio 55.8 % -6.41%
Debt-to-equity 116 % -4.89%
Return On Equity 5.3 % -27.8%
Return On Assets 2.7 % -26.8%
Operating Margin 10.5 % +16.9%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 57.8M shares +0.59%
Common Stock, Shares, Outstanding 57.8M shares +0.52%
Entity Public Float 3.32B USD -0.86%
Common Stock, Value, Issued 1.82B USD +1.22%
Weighted Average Number of Shares Outstanding, Basic 57.8M shares +0.7%
Weighted Average Number of Shares Outstanding, Diluted 57.9M shares +0.7%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 1.57B USD -17.6%
Costs and Expenses 1.4B USD -19%
Operating Income (Loss) 165M USD -3.73%
Nonoperating Income (Expense) -28.9M USD -230%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 136M USD -29.7%
Income Tax Expense (Benefit) 15.8M USD +83.7%
Net Income (Loss) Attributable to Parent 180M USD -27.1%
Earnings Per Share, Basic 3.12 USD/shares -27.8%
Earnings Per Share, Diluted 3.12 USD/shares -27.6%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 102M USD -18.8%
Accounts Receivable, after Allowance for Credit Loss, Current 137M USD +14.4%
Inventory, Net 167M USD -7.6%
Other Assets, Current 78.1M USD +0.39%
Assets, Current 483M USD -3.94%
Property, Plant and Equipment, Net 5.11B USD +2.32%
Operating Lease, Right-of-Use Asset 10.8M USD -6.9%
Goodwill 155M USD 0%
Other Assets, Noncurrent 262M USD +21%
Assets 6.74B USD +1.39%
Accounts Payable, Current 111M USD -1.34%
Contract with Customer, Liability, Current 9.2M USD +53.3%
Liabilities, Current 334M USD -19.1%
Deferred Income Tax Liabilities, Net 193M USD +21.9%
Operating Lease, Liability, Noncurrent 7.5M USD -11.8%
Other Liabilities, Noncurrent 314M USD +19.2%
Liabilities 3.34B USD +2.97%
Accumulated Other Comprehensive Income (Loss), Net of Tax -21M USD +14.3%
Retained Earnings (Accumulated Deficit) 1.03B USD +1.89%
Stockholders' Equity Attributable to Parent 2.83B USD +1.6%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 3.39B USD -0.14%
Liabilities and Equity 6.74B USD +1.39%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 60.1M USD -35%
Net Cash Provided by (Used in) Financing Activities -38.4M USD -110%
Net Cash Provided by (Used in) Investing Activities -60.8M USD +18.6%
Common Stock, Shares Authorized 80M shares 0%
Common Stock, Shares, Issued 57.8M shares +0.52%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -39.1M USD -6417%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 111M USD -15.4%
Interest Paid, Excluding Capitalized Interest, Operating Activities 25.7M USD +4.47%
Deferred Tax Assets, Valuation Allowance 58M USD -3.65%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 767M USD -6.98%
Operating Lease, Liability 10.7M USD -14.4%
Depreciation 65M USD +4.33%
Payments to Acquire Property, Plant, and Equipment 60.6M USD -13.4%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 184M USD -25.5%
Lessee, Operating Lease, Liability, to be Paid 15.1M USD -12.7%
Operating Lease, Liability, Current 3.4M USD +13.3%
Lessee, Operating Lease, Liability, to be Paid, Year Two 3.2M USD +3.23%
Lessee, Operating Lease, Liability, to be Paid, Year One 3.2M USD -5.88%
Deferred Income Tax Expense (Benefit) 9.1M USD -94.4%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 4.4M USD -8.33%
Lessee, Operating Lease, Liability, to be Paid, Year Three 3.2M USD +10.3%
Deferred Tax Assets, Operating Loss Carryforwards 13M USD -22.2%
Deferred Federal Income Tax Expense (Benefit) -7.8M USD +66.1%
Current Income Tax Expense (Benefit) 6.7M USD -74.3%
Unrecognized Tax Benefits 1.1M USD 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 4.1M USD +41.4%
Current State and Local Tax Expense (Benefit) 1.6M USD -87%
Current Federal Tax Expense (Benefit) 5.1M USD -63%
Depreciation, Depletion and Amortization 265M USD +6.59%
Deferred Tax Assets, Net of Valuation Allowance 709M USD -7.24%
Deferred State and Local Income Tax Expense (Benefit) 17.6M USD +198%
Interest Expense 81.9M USD +7.48%