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Alliant Energy cash flow, quarter by quarter

Latest: Q1 2026 · from the cash-flow statements filed with the SEC

Free cash flow$26.0M in Q1 2026 · $1.3B over twelve months

Operating cash flow$368M
Capital spending−$342M
Free cash flow+$26.0M
Cash / net income1.6×
Cash conversion cycle-234 days

Analysis

In Q1 2026, Alliant Energy generated $368M of operating cash flow and spent $342M on capital projects, leaving free cash flow of $26.0M. That is $331M more than in Q1 2025 (−$305M).

Over the twelve months to Mar 31, 2026, operating cash flow was $1.3B; the largest uses were other investing ($1.9B), net borrowing (+) / repaid (−) ($1.4B), dividends ($528M); besides operations, cash came from other financing ($2.6B), shares issued ($23.0M); the cash balance rose by $90.0M.

Operating cash flow was $368M against net income of $224M — 1.6× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$223M, receivables −$71.0M, payables −$59.0M.

Its cash conversion cycle was -234 days (receivables 37 + inventory 0 − payables 271): suppliers fund its working capital.

Free cash flow

Alliant Energy: free cash flow by quarterAlliant Energy: free cash flow by quarter−$137MQ2 2024−$59.0MQ3 2024$254MQ4 2024−$305MQ1 2025−$179MQ2 2025−$103MQ3 2025$269MQ4 2025$26.0MQ1 2026
Operating cash flow less capital spending.
Alliant Energy: operating cash flow against capital spendingAlliant Energy: operating cash flow against capital spendingOperating cash flowCapital spending$255M$392MQ2 2024$351M$410MQ3 2024$254M$0Q4 2024$249M$554MQ1 2025$243M$422MQ2 2025$408M$511MQ3 2025$269M$0Q4 2025$368M$342MQ1 2026
Latest (Q1 2026): Operating cash flow $368M, Capital spending $342M.

Capital allocation, year by year

Alliant Energy: where the cash came from (up) and went (down), by fiscal yearAlliant Energy: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingDividendsFY2021: Operating cash flow $582MFY2021: Net borrowing $718MFY2021: Shares issued $28.0MFY2021: Capital spending −$1.2BFY2021: Dividends −$403M$1.3BFY2021FY2022: Operating cash flow $486MFY2022: Net borrowing $832MFY2022: Shares issued $25.0MFY2022: Capital spending −$1.5BFY2022: Dividends −$428M$1.3BFY2022FY2023: Operating cash flow $867MFY2023: Net borrowing $780MFY2023: Shares issued $246MFY2023: Capital spending −$1.7BFY2023: Dividends −$456M$1.9BFY2023FY2024: Operating cash flow $1.2BFY2024: Net borrowing $887MFY2024: Shares issued $23.0MFY2024: Capital spending −$2.1BFY2024: Dividends −$492M$2.1BFY2024FY2025: Operating cash flow $1.2BFY2025: Net borrowing $1.7BFY2025: Shares issued $23.0MFY2025: Capital spending −$2.3BFY2025: Dividends −$521M$2.9BFY2025
Over these 5 years operating cash flow totalled $4.3B; the largest uses were capital spending ($8.7B) and dividends ($2.3B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$365M
Debt$11.4B
Net debt$11.1B
Due within a year$1.1B

Alliant Energy funds itself: free cash flow was $1.3B over the last twelve months, and $365M of cash and investments stands against $11.4B of debt ($1.1B due within a year, 0.3× covered by cash).

Alliant Energy: debt maturities by year (FY2025)Alliant Energy: debt maturities by year (FY2025)$1.1BYear 1$675MYear 2$1.4BYear 3$950MYear 4$400MYear 5
Principal due in each year as disclosed in the annual report, against $365M of cash and investments now.

Where the cash came from and went

Alliant Energy: sources (+) and uses (−) of cash, Q1 2026Alliant Energy: sources (+) and uses (−) of cash, Q1 2026Cash drawn (+) / kept (−)$441MOperating cash flow$368MCapital spending−$342MNet borrowing (+) / repaid (−)−$280MDividends−$137MOther investing−$51.0MShares issued$6.0MOther financing−$5.0M
Alliant Energy: sources (+) and uses (−) of cash, TTM to Q1 2026Alliant Energy: sources (+) and uses (−) of cash, TTM to Q1 2026Other financing$2.6BOther investing−$1.9BNet borrowing (+) / repaid (−)−$1.4BOperating cash flow$1.3BDividends−$528MCash drawn (+) / kept (−)−$90.0MShares issued$23.0M

From profit to cash

Alliant Energy: net income to operating cash flow, Q1 2026Alliant Energy: net income to operating cash flow, Q1 2026Net income$224MDepreciation & amortization$223MStock-based pay$6.0MDeferred taxes−$57.0MOther non-cash−$15.0MReceivables−$71.0MPayables−$59.0MOther operating capital$36.0MOperating cash flow$368M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q1 202637—271-234
Q4 202542—319-278
Q3 202538—290-252
Q2 202542—272-230
Q1 202531—267-235
Q4 202442—310-268
Q3 202437—294-257
Q2 202442—315-273

Every quarter

QuarterOperating cash flowCapital spendingDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q1 2026$368M−$342M−$137M−$280M$6.0M$441M$26.0M
Q4 2025$269M—−$130M$192M$5.0M−$53.0M$269M
Q3 2025$408M−$511M−$130M$612M$6.0M−$174M−$103M
Q2 2025$243M−$422M−$131M$676M$6.0M−$304M−$179M
Q1 2025$249M−$554M−$130M$440M$6.0M$56.0M−$305M
Q4 2024$254M—−$123M−$276M$5.0M$749M$254M
Q3 2024$351M−$410M−$123M$922M$6.0M−$737M−$59.0M
Q2 2024$255M−$392M−$123M$85.0M$6.0M−$58.0M−$137M

Alliant Energy: income statement and cash flow

Alliant Energy, Q3 2026: revenue $1.3B (+6% year over year), operating margin 30.3%. The chart follows the revenue to costs, profit and cash.

Alliant Energy: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.