ALLETE IncChange company Symbol lookupSelect an option...ALE ALLETE IncC Citigroup IncWMT WALMART STORES INCAMANX Amana Mutual Funds Trust Income Fund InvestorBAC Bank of America CorpGMS GMS Inc$VX3MN.X CBOE Near-Term VIX3MTSHA Taysha Gene Therapies IncPTPI Petros Pharmaceuticals IncMGDPF Marathon Gold CorpGo
ALLETE, Inc. is an energy company. The Company's segments include Regulated Operations, ALLETE Clean Energy, Inc. (ALLETE Clean Energy), U.S. Water Services Holding Company (U.S. Water Services), and Corporate and Other. The Regulated Operations segment includes its regulated utilities, Minnesota Power, and Superior Water, Light and Power Company, and its investment in American Transmission Company LLC. The ALLETE Clean Energy segment focuses on developing, acquiring and operating clean and renewable energy projects. The U.S. Water Services provides integrated water management for industry by combining chemical, equipment, engineering and service for customized solution. As of December 31, 2016, its Corporate and Other consisted of BNI Energy, Inc. (BNI Energy), its coal mining operations in North Dakota, ALLETE Properties, LLC (ALLETE Properties), its Florida real estate investment and approximately 5,000 acres of land in Minnesota.
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Values displayed are in millions.
| 2016 12/31/16 | 2017 12/31/17 | 2018 12/31/18 | 2019 12/31/19 | 2020 12/31/20 | |
|---|---|---|---|---|---|
| Cash and Short Term Invs | 28 | 99 | 69 | 69 | 44 |
| Trade Accts Recvble, Gross | 126 | 137 | 146 | 97 | 114 |
| Prov. for Doubtful Accts | (3) | (2) | (2) | (1) | (3) |
| Total Receivables, Net | 123 | 135 | 144 | 96 | 112 |
| Invent. - Raw Materials | 52 | 49 | 47 | 47 | 51 |
| Inventories - Other | 9 | 12 | 14 | 0 | -- |
| Fuel - Inventory | 44 | 35 | 26 | 26 | 23 |
| Total Inventory | 104 | 96 | 87 | 73 | 74 |
| Prepaid Expenses | -- | -- | 34 | 31 | 24 |
| Restricted Cash - Current | 2 | 3 | -- | -- | 1 |
| Deferred Gas Cost | 19 | 0 | -- | -- | -- |
| Other Current Assets | 20 | 35 | -- | -- | -- |
| Other Curr. Assets, Total | 40 | 38 | -- | -- | 1 |
| Total Current Assets | 295 | 368 | 334 | 270 | 255 |
| Prop./Plant/Equip. - Net | 32 | 26 | 24 | -- | 41 |
| Goodwill, Net | 213 | 226 | 223 | 1 | -- |
| Utility Plant | -- | 5,507 | 5,646 | 5,829 | 6,838 |
| Utlty. Plnt. Accum. Deprc. | -- | (1,685) | (1,741) | (1,835) | (1,997) |
| Total Utility Plant, Net | 3,741 | 3,822 | 3,904 | 4,377 | 4,841 |
| LT Invt. - Affiliate Comp. | 136 | 119 | 161 | 198 | 301 |
| LT Investments - Other | 24 | 27 | 25 | -- | -- |
| Long Term Investments | 160 | 145 | 186 | 198 | 301 |
| Note Rcvble - Long Term | -- | -- | -- | -- | 26 |
| Pension Bene. - Overfunded | -- | -- | -- | -- | 34 |
| Restricted Cash - LT | -- | -- | -- | -- | 20 |
| Other Long Term Assets | 437 | 492 | 493 | 638 | 567 |
| Total Assets | 4,877 | 5,080 | 5,165 | 5,483 | 6,085 |
Values displayed are in millions.
| 2016 12/31/16 | 2017 12/31/17 | 2018 12/31/18 | 2019 12/31/19 | 2020 12/31/20 | |
|---|---|---|---|---|---|
| Accounts Payable | 74 | 136 | 150 | 165 | 110 |
| Accrued Expenses | 18 | 18 | 18 | 25 | 26 |
| Notes Payable/ST Debt | 0 | 0 | 0 | 0 | 0 |
| Curr. Port. LT Dbt/Cap Ls. | 188 | 64 | 58 | 213 | 204 |
| Income Taxes Payable | 47 | 50 | 51 | 51 | 59 |
| Other Current Liabilities | 74 | 83 | 129 | 54 | 61 |
| Other Curr. Lblts, Total | 120 | 133 | 180 | 104 | 120 |
| Total Current Liabilities | 400 | 351 | 405 | 507 | 460 |
| Total Long Term Debt | 1,370 | 1,439 | 1,429 | 1,401 | 1,593 |
| Total Debt | 1,558 | 1,503 | 1,486 | 1,614 | 1,797 |
| Deferred Income Tax | 555 | 231 | 224 | 213 | 196 |
| Minority Interest | -- | -- | -- | 104 | 506 |
| Reserves | 137 | 123 | 139 | 160 | 167 |
| Pension Benefits - Underfunded | 211 | 192 | 177 | 173 | 226 |
| Other LT Liabilities | 312 | 676 | 636 | 693 | 644 |
| Other Liabilities, Total | 659 | 991 | 952 | 1,026 | 1,036 |
| Total Liabilities | 2,984 | 3,012 | 3,009 | 3,251 | 3,790 |
Values displayed are in millions.
| 2016 12/31/16 | 2017 12/31/17 | 2018 12/31/18 | 2019 12/31/19 | 2020 12/31/20 | |
|---|---|---|---|---|---|
| Common Stock | 1,295 | 1,401 | 1,429 | 1,437 | 1,461 |
| Ret. Earn.(Accum. Deficit) | 626 | 689 | 755 | 819 | 865 |
| Unrealized Gain (Loss) | -- | 0 | -- | -- | -- |
| Min. Pension Lblty Adj. | -- | (23) | -- | -- | -- |
| Other Comprehensive Income | (28) | 0 | (27) | (24) | (31) |
| Other Equity, Total | (28) | (23) | (27) | (24) | (31) |
| Total Equity | 1,893 | 2,068 | 2,156 | 2,232 | 2,295 |
| Total Liabilities & Shareholders’ Equity | 4,877 | 5,080 | 5,165 | 5,483 | 6,085 |
| Ttl Comm. Shares Outs. | 50 | 51 | 52 | 52 | 52 |
| Trsy. Shrs-Comm. Primary Iss. | 0 | 0 | 0 | 0 | 0 |
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