Screener / SEC EDGAR /CIK 0000352541 /Numbers from the XBRL of the 10-Ks
Nasdaq Utilities · Electric & Gas Utilities

Alliant Energy LNT

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Cash returned and share count, year to Dec 31, 2025

Share count +0.4% in a year

XBRL, latest 10-K
Buybacks - cash paid for its own shares
Paid in stock to employees $22.0M stock-based compensation
Share count, 1 year +0.4% more shares: owners are diluted
Share count, 3 years +2.6% diluted average shares

New shares against shares bought back

Dilution: new shares, stock pay and buybacks · S-3 and 424B, 3 years; 10-K

New Nov 6, 2026: Shelf registration: shares and other securities, amount not fixed (S-3ASR) Email me when LNT files the next one

Shares offered

Since Nov 15, 2023: 2 at-the-market programs, 2 shelf registrations; also 1 notes offering. Latest at-the-market program for common stock: Mar 19, 2026, up to $1.0B.

“In accordance with the terms of the distribution agreement, we may offer and sell common stock having an aggregate offering price of up to $1,000,000,000 from time to time through any agent, as our sales agent (acting in their capacity as our agents or as forward sellers), or directly to any agent acting as principal.”

424B5, Mar 19, 2026
Every offering filing

Paid in stock

$22.0M

stock-based pay, year to Dec 31, 2025; shares sold for $23.0M in cash

Bought back

-

no buyback line in the 10-K XBRL, year to Dec 31, 2025

Diluted shares: 257.80M in the year to Dec 31, 2025 2025 +0.4%2024 +1.4%2023 +0.8%2022 +0.2%

Change in the diluted weighted average share count from the fiscal year before, stock splits taken out. Bars use one scale for stock pay and buybacks. Prospectuses are read from their cover page; preliminary ones are left out. How

Net share count, 4 years

Shares, buybacks and stock pay, fiscal years 2021 to 2025 · 10-K XBRL

+2.8% shares
Share count +2.8% diluted average shares, 4 years to Dec 31, 2025, splits taken out
Bought back - cash paid for its own shares, summed over the 4 years
Paid in stock $59.0M stock-based compensation, and $317.0M received for shares sold, summed over the same years
Fiscal yearShares, changeBought backPaid in stockCash from shares sold
Dec 31, 2025 +0.4% - $22.0M $23.0M
Dec 31, 2024 +1.4% - $12.0M $23.0M
Dec 31, 2023 +0.8% - $12.0M $246.0M
Dec 31, 2022 +0.2% - $13.0M $25.0M

Each year's change is the diluted weighted average share count against the year before, with stock splits taken out; the headline change compares the two ends of the span on one basis. Buybacks and stock pay are added up over the same years. Buybacks that only offset stock pay leave the count flat: both are shown, no verdict. How

Where the cash came from and where it went

FY2021 to FY2025, from the cash flow statements in the 10-Ks, added up

Operating cash flowDebt raisedShares soldCapital spendingDividendsDebt repaidAdded to cashOther, net Operating cash flow: $4.3B Operating cash flow $4.3B Debt raised: $7.5B Debt raised $7.5B Shares sold: $345.0M Shares sold $345.0M Capital spending: $2.7B Capital spending $2.7B Dividends: $2.3B Dividends $2.3B Debt repaid: $2.3B Debt repaid $2.3B Added to cash: $500.0M Added to cash $500.0M Other, net: $4.4B Other, net $4.4B

The same cash, step by step

Operating cash flow: $4.3B · NetCashProvidedByUsedInOperatingActivities, 0000352541-24-000014; NetCashProvidedByUsedInOperatingActivities, 0000352541-25-000014; NetCashProvidedByUsedInOperatingActivities, 0000352541-26-000007 +$4.3B
Operating cash flow
Debt raised: $7.5B · ProceedsFromIssuanceOfLongTermDebt, 0000352541-24-000014; ProceedsFromIssuanceOfLongTermDebt, 0000352541-25-000014; ProceedsFromIssuanceOfLongTermDebt, 0000352541-26-000007 +$7.5B
Debt raised
Shares sold: $345.0M · ProceedsFromIssuanceOfCommonStock, 0000352541-24-000014; ProceedsFromIssuanceOfCommonStock, 0000352541-25-000014; ProceedsFromIssuanceOfCommonStock, 0000352541-26-000007 +$345.0M
Shares sold
Capital spending: $2.7B · PaymentsToAcquirePropertyPlantAndEquipment, 0000352541-23-000017 −$2.7B
Capital spending
Dividends: $2.3B · PaymentsOfDividendsCommonStock, 0000352541-24-000014; PaymentsOfDividendsCommonStock, 0000352541-25-000014; PaymentsOfDividendsCommonStock, 0000352541-26-000007 −$2.3B
Dividends
Debt repaid: $2.3B · RepaymentsOfLongTermDebt, 0000352541-24-000014; RepaymentsOfLongTermDebt, 0000352541-25-000014; RepaymentsOfLongTermDebt, 0000352541-26-000007 −$2.3B
Debt repaid
Added to cash: $500.0M · CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect, 0000352541-24-000014; CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect, 0000352541-25-000014; CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect, 0000352541-26-000007 −$500.0M
Added to cash
Other, net: $4.4B · investments bought and sold, other financing and investing lines, and exchange rates −$4.4B
Other, net

Came from

Operating cash flow
NetCashProvidedByUsedInOperatingActivities, 0000352541-24-000014; NetCashProvidedByUsedInOperatingActivities, 0000352541-25-000014; NetCashProvidedByUsedInOperatingActivities, 0000352541-26-000007
$4.3B
Debt raised
ProceedsFromIssuanceOfLongTermDebt, 0000352541-24-000014; ProceedsFromIssuanceOfLongTermDebt, 0000352541-25-000014; ProceedsFromIssuanceOfLongTermDebt, 0000352541-26-000007
$7.5B
Shares sold
ProceedsFromIssuanceOfCommonStock, 0000352541-24-000014; ProceedsFromIssuanceOfCommonStock, 0000352541-25-000014; ProceedsFromIssuanceOfCommonStock, 0000352541-26-000007
$345.0M

Went to

Capital spending $2.7B
Dividends
PaymentsOfDividendsCommonStock, 0000352541-24-000014; PaymentsOfDividendsCommonStock, 0000352541-25-000014; PaymentsOfDividendsCommonStock, 0000352541-26-000007
$2.3B
Debt repaid
RepaymentsOfLongTermDebt, 0000352541-24-000014; RepaymentsOfLongTermDebt, 0000352541-25-000014; RepaymentsOfLongTermDebt, 0000352541-26-000007
$2.3B
Added to cash
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect, 0000352541-24-000014; CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect, 0000352541-25-000014; CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect, 0000352541-26-000007
$500.0M
Other, net
investments bought and sold, other financing and investing lines, and exchange rates
$4.4B

Each number is a line of the cash flow statement as the company tagged it. "Other, net" is what those lines do not cover (investments bought and sold, other financing and investing lines, and exchange rates); Tickdelta does not estimate it.

Where the operating cash went, year by year

FY2016 to FY2025 · cash flow statements, 10-K XBRL

10 years
Operating cash, added up $6.9B 10 fiscal years, FY2016 to FY2025
Reinvested 145% capital spending and acquisitions, as a share of that cash
Returned to owners 56% buybacks and dividends, as a share of that cash
Debt repaid $4.3B gross repayments added up; debt that was refinanced counts each time
Fiscal yearOperating cashCapital spendingDividendsDebt repaid
Dec 31, 2025 $1.2B -$521.0M$300.0M
Dec 31, 2024 $1.2B -$492.0M$809.0M
Dec 31, 2023 $867.0M -$456.0M$508.0M
Dec 31, 2022 $486.0M $1.5B$428.0M$633.0M
Dec 31, 2021 $582.0M $1.2B$403.0M$8.0M
Dec 31, 2020 $501.0M $1.4B$377.0M$657.0M
Dec 31, 2019 $660.0M $1.6B$337.0M$256.0M
Dec 31, 2018 $528.0M $1.6B$312.0M$856.0M
Dec 31, 2017 $521.6M $1.5B$288.3M$4.6M
Dec 31, 2016 $392.8M $1.2B$266.5M$313.4M
Added up$6.9B $10.0B
145% of operating cash
$3.9B
56% of operating cash
$4.3B
63% of operating cash

Each bar is one fiscal year; its colours add up to what the cash flow statement says the company spent on each line, and the line across it is that year's operating cash flow. Spending above the line was paid from new debt, shares sold or cash on hand. A bar part links to the 10-K it comes from. A line the company did not report is left out, not estimated, so the shares are of operating cash only and can add up to more or less than 100%. Debt repaid is the gross amount, so refinanced debt is counted each time it is repaid. A reading aid, not a grade: Tickdelta does not say whether a split was good. Banks and insurers are left out.

Buybacks, dividends and share count

Year by year · XBRL, each 10-K

Fiscal year toBuybacksDividendsDiluted shares
Dec 31, 2025- $521.0M 257.80M
Dec 31, 2024- $492.0M 256.80M
Dec 31, 2023- $456.0M 253.30M
Dec 31, 2022- $428.0M 251.20M
Dec 31, 2021- $403.0M 250.70M

From the XBRL of the 10-Ks (cash flow statement and diluted weighted average shares); each year as reported in the latest 10-K that includes it. Concepts: dividends = PaymentsOfDividendsCommonStock; sbc = AllocatedShareBasedCompensationExpense; issuance = ProceedsFromIssuanceOfCommonStock; diluted_shares = WeightedAverageNumberOfDilutedSharesOutstanding.

Dividend per share, year by year

Dividends · declared per share, each 10-K; cash paid, cash flow statement

Per share, FY2025 $2.03 declared in the fiscal year to Dec 31, 2025
Against the year before ▲+5.7% dividend per share
Years in a row raised 9 to FY2025, per share
Cash paid out $521.0M cash flow statement, FY2025
Years paid in a row 10+ fiscal years, to FY2025, every year on file, dividend per share above zero
Growth a year, FY2016 to FY2025 +6.3% $1.175 to $2.03 per share, 9 years

Declared since the 10-K: Mar 31, 2026 $0.535

Fiscal year toPer shareAgainst year beforeCash paid out
Dec 31, 2025 $2.03 ▲+5.7% $521.0M
Dec 31, 2024 $1.92 ▲+6.1% $492.0M
Dec 31, 2023 $1.81 ▲+5.8% $456.0M
Dec 31, 2022 $1.71 ▲+6.2% $428.0M
Dec 31, 2021 $1.61 ▲+5.9% $403.0M
Dec 31, 2020 $1.52 ▲+7.0% -
Dec 31, 2019 $1.42 ▲+6.0% -
Dec 31, 2018 $1.34 ▲+6.3% -

Dividend per share as the company tagged it (CommonStockDividendsPerShareCashPaid), from the latest 10-K that reports each year, so a stock split is already in it. A change is left blank when the year before is missing or the jump is more than five times.

What the 10-Ks show for each CEO's years

Each CEO's years · the CEO of each fiscal year as named in the proxy's pay versus performance table

Ms. Barton

FY2024 to FY2025 · 2 years in the table
Operating cash flow
$2.3B
Dividends
$1.0B
Stock-based pay
$34.0M
Diluted shares since FY2023
+1.8%
Revenue since FY2023
+8%
Debt since FY2023
+$2.6B
CEO pay (reported)
$16.0M
The proxy that names the CEO

Mr. Larsen

FY2021 to FY2023 · 3 years in the table
Operating cash flow
$1.9B
Capital spending
$2.7B
Dividends
$1.3B
Stock-based pay
$39.0M
Diluted shares since FY2020
+1.8%
Revenue since FY2020
+18%
Debt since FY2020
+$2.3B
CEO pay (reported)
$27.4M
The proxy that names the CEO

Sources

The cash flow statement, dividends per share and diluted share count in each 10-K's XBRL; Part II Item 2 of each 10-Q for monthly buybacks; offering prospectuses (S-3, 424B) for new shares; Form D data sets for private raises.

Also

CEO pay: what the CEO was paid over the same years.

Work with it

Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/LNT/export.csv") into a cell.

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