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 - Q2 2024 - Aug 1, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 136 % +25.6%
Quick Ratio 53.6 % -17.4%
Debt-to-equity 115 % -7.89%
Return On Equity 6.5 % +11.9%
Return On Assets 3.33 % +15.2%
Operating Margin 10.1 % +14.6%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 57.8M shares +0.62%
Common Stock, Shares, Outstanding 57.8M shares +0.7%
Entity Public Float 3.32B USD -0.86%
Common Stock, Value, Issued 1.81B USD +1.24%
Weighted Average Number of Shares Outstanding, Basic 57.7M shares +0.7%
Weighted Average Number of Shares Outstanding, Diluted 57.8M shares +0.7%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 1.54B USD -19.5%
Costs and Expenses 1.38B USD -20.6%
Operating Income (Loss) 156M USD -7.76%
Nonoperating Income (Expense) 33.7M USD +37.1%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 190M USD +52.3%
Income Tax Expense (Benefit) 32.2M USD
Net Income (Loss) Attributable to Parent 221M USD +13.3%
Earnings Per Share, Basic 3.84 USD/shares +12.6%
Earnings Per Share, Diluted 3.83 USD/shares +12.3%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 37.5M USD -21.7%
Accounts Receivable, after Allowance for Credit Loss, Current 133M USD +7.96%
Inventory, Net 184M USD -5.15%
Other Assets, Current 77.4M USD -4.21%
Assets, Current 432M USD -3.14%
Property, Plant and Equipment, Net 5.08B USD +2.12%
Operating Lease, Right-of-Use Asset 11.6M USD +4.51%
Goodwill 155M USD 0%
Other Assets, Noncurrent 264M USD +25.3%
Assets 6.66B USD +1.42%
Accounts Payable, Current 94.1M USD +5.38%
Contract with Customer, Liability, Current 5.9M USD -38.5%
Liabilities, Current 298M USD -21.7%
Deferred Income Tax Liabilities, Net 193M USD +21.9%
Operating Lease, Liability, Noncurrent 8.3M USD +2.47%
Other Liabilities, Noncurrent 311M USD +15.9%
Liabilities 3.27B USD +2.07%
Accumulated Other Comprehensive Income (Loss), Net of Tax -20.9M USD +14.3%
Retained Earnings (Accumulated Deficit) 1.03B USD +6.4%
Stockholders' Equity Attributable to Parent 2.82B USD +3.2%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 3.39B USD +0.78%
Liabilities and Equity 6.66B USD +1.42%

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 +0.7%
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 43.7M USD -14.5%
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 225M USD +15.4%
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) 22.5M USD +22.7%
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) 100K USD +35.9%
Current Income Tax Expense (Benefit) 9.7M USD -54.2%
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) 2.1M USD -81.6%
Current Federal Tax Expense (Benefit) 7.6M USD -22.4%
Depreciation, Depletion and Amortization 258M USD +5.36%
Deferred Tax Assets, Net of Valuation Allowance 709M USD -7.24%
Deferred State and Local Income Tax Expense (Benefit) 23.1M USD -92.3%
Interest Expense 81.9M USD +7.48%