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-K - Q4 2024 - Feb 13, 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 138 % +13.2%
Quick Ratio 53.1 % -3.23%
Debt-to-equity 116 % -1.52%
Return On Equity 5.28 % -27.8%
Return On Assets 2.68 % -28%
Operating Margin 10.5 % +8.73%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 57.9M shares +0.56%
Common Stock, Shares, Outstanding 57.9M shares +0.52%
Entity Public Float 3.59B USD +8.16%
Common Stock, Value, Issued 1.82B USD +1.08%
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 1.53B USD -18.6%
Costs and Expenses 1.37B USD -19.4%
Operating Income (Loss) 160M USD -11.5%
Nonoperating Income (Expense) -33.7M USD -230%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 126M USD -38.9%
Income Tax Expense (Benefit) 4.7M USD -83.2%
Net Income (Loss) Attributable to Parent 179M USD -27.4%
Earnings Per Share, Basic 3.11 USD/shares -27.8%
Earnings Per Share, Diluted 3.1 USD/shares -27.9%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 32.8M USD -54.4%
Accounts Receivable, after Allowance for Credit Loss, Current 141M USD +9.61%
Inventory, Net 155M USD -11.9%
Other Assets, Current 99.7M USD +19.3%
Assets, Current 435M USD -7.03%
Property, Plant and Equipment, Net 5.18B USD +3.35%
Operating Lease, Right-of-Use Asset 9.1M USD -15%
Goodwill 155M USD 0%
Other Assets, Noncurrent 271M USD +2.89%
Assets 6.75B USD +1.47%
Accounts Payable, Current 114M USD +11.2%
Contract with Customer, Liability, Current 7.8M USD +5.41%
Liabilities, Current 404M USD +7.04%
Deferred Income Tax Liabilities, Net 253M USD +31.5%
Operating Lease, Liability, Noncurrent 6M USD -22.1%
Other Liabilities, Noncurrent 313M USD +18.4%
Liabilities 3.36B USD +3.52%
Accumulated Other Comprehensive Income (Loss), Net of Tax -18.1M USD +11.7%
Retained Earnings (Accumulated Deficit) 1.04B USD +1.61%
Stockholders' Equity Attributable to Parent 2.85B USD +1.37%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 3.39B USD -0.48%
Liabilities and Equity 6.75B USD +1.47%

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 57.9M 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 55.2M USD -30.5%
Interest Paid, Excluding Capitalized Interest, Operating Activities 25.7M USD +4.47%
Deferred Tax Assets, Valuation Allowance 44.9M USD -22.6%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 682M USD -10.8%
Operating Lease, Liability 9.2M USD -14%
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 182M USD -27.6%
Lessee, Operating Lease, Liability, to be Paid 14.7M USD -2.65%
Operating Lease, Liability, Current 3.2M USD +6.67%
Lessee, Operating Lease, Liability, to be Paid, Year Two 3.3M USD +3.13%
Lessee, Operating Lease, Liability, to be Paid, Year One 3.4M USD +6.25%
Deferred Income Tax Expense (Benefit) -15.8M USD -190%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 5.5M USD +25%
Lessee, Operating Lease, Liability, to be Paid, Year Three 4.2M USD +31.3%
Deferred Tax Assets, Operating Loss Carryforwards 10.6M USD -18.5%
Deferred Federal Income Tax Expense (Benefit) -20.1M USD -235%
Current Income Tax Expense (Benefit) 20.5M USD +99%
Unrecognized Tax Benefits 1.1M USD 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 300K USD -92.7%
Current State and Local Tax Expense (Benefit) 12.1M USD +1244%
Current Federal Tax Expense (Benefit) 8.4M USD -10.6%
Depreciation, Depletion and Amortization 272M USD +7.82%
Deferred Tax Assets, Net of Valuation Allowance 637M USD -9.85%
Deferred State and Local Income Tax Expense (Benefit) 5M USD -79.2%
Interest Expense 81.9M USD +7.48%