Alliant Energy Corporation (LNT) Balance Sheet

NASDAQ: LNTAssets, liabilities, debt and equity over 10 years.

LNT balance sheet, 2025

December 31, 2025 · U.S. dollars

$25.82B assets = $18.48B liabilities + $7.33B equity

Both columns are drawn to the same scale: what LNT owns equals what it owes plus shareholders’ equity. Hover a block for its value.

LNT financial health

Current ratio0.80

Tight · current assets cover current liabilities 0.80×

Debt / equity1.68

High leverage · $1.68 of debt for each $1 of equity

Equity / assets28.4%

Balanced · of assets funded by shareholders

Cash / debt4.5%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles0.0%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

LNT balance sheet trends, 2016–2025

Alliant Energy Corporation balance sheet trends
Metric	Then	Latest	Change
Total assets	$13.37B2016	$25.82B2025	+7.6%/yr
Total liabilities	$9.31B2016	$18.48B2025	+7.9%/yr
Shareholders’ equity	$3.86B2016	$7.33B2025	+7.4%/yr
Cash & short-term investments	$8.2M2016	$556.0M2025	+59.8%/yr
Total debt	$4.56B2016	$12.35B2025	+11.7%/yr
Net cash (debt)	−$4.56B2016	−$11.79B2025	−$7.2B
Working capital	−$284.9M2016	−$426.0M2025	−$141.1M
Book value per share	$17.012016	$28.452025	+5.9%/yr
Current ratio	0.752016	0.802025	+0.04
Debt / equity	1.182016	1.682025	+0.50
Shares outstanding	227.1M2016	257.8M2025	+1.4%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

LNT assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

LNT liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

LNT debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

LNT balance sheet

Alliant Energy Corporation annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	$556.0M	$81.0M	$62.0M	$20.0M	$39.0M	$54.0M	$16.0M	$20.9M	$27.9M	$8.2M
Cash & equivalents	$556.0M	$81.0M	$62.0M	$20.0M	$39.0M	$54.0M	$16.0M	$20.9M	$27.9M	$8.2M
Short-term investments	—	—	−$1.0M	—	$517.0M	$485,000	−$11.0M	—	$0	−$1
Receivables	$476.0M	$264.0M	$259.0M	$331.0M	$226.0M	$224.0M	$214.0M	$231.0M	$260.7M	$282.2M
Inventory	$288.0M	$295.0M	$343.0M	$325.0M	$246.0M	$217.0M	$227.0M	$211.8M	$222.4M	$222.3M
Other current assets	$377.0M	$544.0M	$608.0M	$574.0M	$558.0M	$392.0M	$419.0M	$321.4M	$394.1M	$364.4M
Total current assets	$1.70B	$1.18B	$1.27B	$1.25B	$1.07B	$887.0M	$876.0M	$785.1M	$905.1M	$877.1M
Property, plant & equipment (net)	$20.34B	$18.70B	$17.16B	$16.25B	$14.99B	$14.34B	$13.53B	$12.46B	$11.23B	$10.28B
Goodwill & intangible assets	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long-term investments	$694.0M	$639.0M	$602.0M	$559.0M	$517.0M	$485.0M	$467.8M	$431.3M	$396.1M	$337.6M
Other non-current assets	$3.08B	$2.19B	$2.21B	$2.11B	$1.98B	$2.00B	$1.83B	$1.75B	$1.65B	$1.88B
Total assets	$25.82B	$22.71B	$21.24B	$20.16B	$18.55B	$17.71B	$16.70B	$15.43B	$14.19B	$13.37B
Liabilities
Accounts payable	$498.0M	$532.0M	$611.0M	$756.0M	$436.0M	$377.0M	$422.0M	$543.3M	$477.3M	$445.3M
Short-term debt	$1.16B	$1.73B	$1.28B	$1.05B	$1.15B	$397.0M	$994.0M	$697.7M	$1.27B	$248.7M
Deferred revenue	—	—	−$12.0M	—	−$436.0M	−$377.0M	−$100,000	—	−$477.3M	−$445.3M
Total current liabilities	$2.12B	$2.71B	$2.30B	$2.36B	$2.05B	$1.30B	$2.05B	$1.64B	$2.15B	$1.16B
Long-term debt	$10.95B	$8.68B	$8.22B	$7.67B	$6.74B	$6.77B	$5.53B	$5.25B	$4.01B	$4.32B
Other long-term liabilities	$5.40B	$4.32B	$3.93B	$3.86B	$3.77B	$3.76B	$3.71B	$3.75B	$3.65B	$3.83B
Total liabilities	$18.48B	$15.71B	$14.46B	$13.89B	$12.56B	$11.82B	$11.30B	$10.64B	$9.81B	$9.31B
Shareholders' equity
Common stock & paid-in capital	$3.0M	$3.0M	$3.0M	$3.0M	$3.0M	$2.0M	$2.0M	$2.4M	$2.3M	$2.3M
Retained earnings (deficit)	$4.24B	$3.95B	$3.76B	$3.51B	$3.25B	$2.99B	$2.77B	$2.55B	$2.35B	$2.18B
Treasury stock	—	—	—	—	—	—	—	—	−$11.1M	−$10.0M
Accumulated other comprehensive income	$1.0M	$1.0M	$1.0M	−$13.0M	$200.0M	−$1.0M	$1.0M	$1.7M	−$500,000	−$400,000
Minority interest	—	—	$0	$0	—	$200.0M	$200.0M	$200.0M	$200.0M	$200.0M
Total shareholders' equity	$7.33B	$7.00B	$6.78B	$6.28B	$5.99B	$5.69B	$5.21B	$4.59B	$4.18B	$3.86B
Key figures
Total debt	$12.35B	$10.41B	$9.51B	$8.72B	$7.88B	$7.17B	$6.53B	$5.94B	$5.28B	$4.56B
Net cash (debt)	−$11.79B	−$10.32B	−$9.45B	−$8.70B	−$7.84B	−$7.11B	−$6.51B	−$5.92B	−$5.25B	−$4.56B
Working capital	−$426.0M	−$1.53B	−$1.03B	−$1.11B	−$985.0M	−$410.0M	−$1.18B	−$859.0M	−$1.24B	−$284.9M
Tangible book value	$7.33B	$7.00B	$6.78B	$6.28B	$5.99B	$5.69B	$5.21B	$4.59B	$4.18B	$3.86B
Book value per share	$28.45	$27.27	$26.75	$24.98	$23.89	$22.87	$21.78	$19.63	$18.21	$17.01
Shares outstanding	257.8M	256.8M	253.3M	251.2M	250.7M	248.7M	239.0M	233.6M	229.7M	227.1M
Current ratio	0.80	0.44	0.55	0.53	0.52	0.68	0.43	0.48	0.42	0.75
Quick ratio	0.49	0.13	0.14	0.15	0.13	0.21	0.11	0.15	0.13	0.25
Debt / equity	1.68	1.49	1.40	1.39	1.32	1.26	1.25	1.30	1.26	1.18
Equity / assets	28.4%	30.8%	31.9%	31.1%	32.3%	32.1%	31.2%	29.7%	29.5%	28.9%

Alliant Energy Corporation quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	$25.0M	$115.0M	$556.0M	$753.0M	$329.0M	$25.0M	$81.0M	$827.0M	$92.0M	$32.0M	$62.0M	$206.0M
Cash & equivalents	$25.0M	$115.0M	$556.0M	$503.0M	$329.0M	$25.0M	$81.0M	$827.0M	$92.0M	$32.0M	$62.0M	$206.0M
Short-term investments	—	—	—	$250.0M	—	—	$276.0M	−$31.0M	−$3.0M	−$40.0M	−$1.0M	—
Receivables	$421.0M	$497.0M	$476.0M	$485.0M	$518.0M	$361.0M	$264.0M	$463.0M	$409.0M	$426.0M	$259.0M	$486.0M
Inventory	$298.0M	$274.0M	$288.0M	$281.0M	$278.0M	$265.0M	$295.0M	$320.0M	$323.0M	$320.0M	$343.0M	$327.0M
Other current assets	$456.0M	$338.0M	$377.0M	$325.0M	$349.0M	$318.0M	$544.0M	$358.0M	$390.0M	$330.0M	$608.0M	$353.0M
Total current assets	$1.20B	$1.22B	$1.70B	$1.84B	$1.47B	$969.0M	$1.18B	$1.97B	$1.21B	$1.11B	$1.27B	$1.37B
Property, plant & equipment (net)	$21.06B	$20.59B	$20.34B	$19.81B	$19.38B	$19.02B	$18.70B	$17.94B	$17.71B	$17.35B	$17.16B	$16.63B
Goodwill & intangible assets	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long-term investments	$0	$724.0M	$694.0M	$689.0M	$666.0M	$650.0M	$639.0M	$633.0M	$623.0M	$611.0M	$602.0M	$594.0M
Other non-current assets	$3.06B	$2.28B	$3.08B	$2.28B	$2.23B	$2.21B	$2.19B	$2.29B	$2.29B	$2.17B	$2.21B	$2.31B
Total assets	$25.32B	$24.81B	$25.82B	$24.63B	$23.75B	$22.85B	$22.71B	$22.83B	$21.84B	$21.25B	$21.24B	$20.90B
Liabilities
Accounts payable	$628.0M	$459.0M	$498.0M	$550.0M	$497.0M	$405.0M	$532.0M	$473.0M	$581.0M	$438.0M	$611.0M	$604.0M
Short-term debt	$1.48B	$833.0M	$1.16B	$1.27B	$1.67B	$2.05B	$1.73B	$1.43B	$856.0M	$1.14B	$1.28B	$910.0M
Deferred revenue	—	—	—	—	—	—	—	—	−$75.0M	—	—	−$604.0M
Total current liabilities	$2.57B	$1.78B	$2.12B	$2.23B	$2.58B	$2.89B	$2.71B	$2.29B	$1.85B	$1.98B	$2.30B	$1.94B
Long-term debt	$0	$11.01B	$10.95B	$10.65B	$9.64B	$8.58B	$8.68B	$9.24B	$8.90B	$8.52B	$8.22B	$8.43B
Other long-term liabilities	$15.21B	$4.61B	$5.40B	$4.43B	$4.38B	$4.29B	$4.32B	$4.33B	$4.29B	$3.92B	$3.93B	$3.81B
Total liabilities	$17.79B	$17.39B	$18.48B	$17.32B	$16.61B	$15.76B	$15.71B	$15.86B	$15.04B	$14.43B	$14.46B	$14.18B
Shareholders' equity
Common stock & paid-in capital	$3.0M	$3.0M	$3.0M	$3.0M	$3.0M	$3.0M	$3.0M	$3.0M	$3.0M	$3.0M	$3.0M	$3.0M
Retained earnings (deficit)	$4.36B	$4.33B	$4.24B	$4.23B	$4.08B	$4.04B	$3.95B	$3.93B	$3.75B	$3.79B	$3.76B	$3.75B
Accumulated other comprehensive income	$3.0M	$2.0M	$1.0M	—	—	—	$1.0M	−$1.0M	$3.0M	$2.0M	$1.0M	$4.0M
Total shareholders' equity	$7.53B	$7.42B	$7.33B	$7.31B	$7.14B	$7.09B	$7.00B	$6.97B	$6.79B	$6.82B	$6.78B	$6.73B
Key figures
Total debt	$12.12B	$11.84B	$12.35B	$11.92B	$11.31B	$10.63B	$10.41B	$10.68B	$9.76B	$9.67B	$9.51B	$9.34B
Net cash (debt)	−$12.09B	−$11.72B	−$11.79B	−$11.17B	−$10.98B	−$10.60B	−$10.32B	−$9.85B	−$9.66B	−$9.63B	−$9.45B	−$9.13B
Working capital	−$1.37B	−$554.0M	−$426.0M	−$390.0M	−$1.10B	−$1.92B	−$1.53B	−$320.0M	−$640.0M	−$876.0M	−$1.03B	−$563.0M
Tangible book value	$7.53B	$7.42B	$7.33B	$7.31B	$7.14B	$7.09B	$7.00B	$6.97B	$6.79B	$6.82B	$6.78B	$6.73B
Book value per share	$28.86	$28.68	$28.34	$28.34	$27.77	$27.58	$27.23	$27.12	$26.46	$26.61	$26.47	$26.50
Shares outstanding	260.9M	258.8M	258.8M	257.8M	257.3M	257.2M	257.2M	256.9M	256.7M	256.2M	256.0M	253.8M
Current ratio	0.47	0.69	0.80	0.83	0.57	0.34	0.44	0.86	0.65	0.56	0.55	0.71
Quick ratio	0.17	0.34	0.49	0.55	0.33	0.13	0.13	0.56	0.27	0.23	0.14	0.36
Debt / equity	1.61	1.60	1.68	1.63	1.58	1.50	1.49	1.53	1.44	1.42	1.40	1.39
Equity / assets	29.7%	29.9%	28.4%	29.7%	30.1%	31.0%	30.8%	30.5%	31.1%	32.1%	31.9%	32.2%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 20, 2026); data from EODHD.

LNT financial position

At the end of fiscal 2025 (December 31, 2025), Alliant Energy had total assets of $25.8 billion (up 13.7% from a year earlier), total liabilities of $18.5 billion and shareholders' equity of $7.3 billion. It held $556.0 million in cash and short-term investments against $12.3 billion of debt, net debt of $11.8 billion. Its current ratio was 0.80. In the latest quarter (ended June 30, 2026) total assets were $25.3 billion and equity $7.5 billion.

Related: LNT income statement, LNT cash flow statement, LNT key metrics. See the LNT stock overview for the latest quote and news.

LNT balance sheet FAQ

What are Alliant Energy's total assets?

Alliant Energy reported total assets of $25.8 billion at the end of fiscal 2025 (December 31, 2025), compared with $22.7 billion a year earlier.

How much debt does Alliant Energy have?

Alliant Energy had $12.3 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 1.68.

How much cash does Alliant Energy have?

Alliant Energy held $556.0 million in cash and short-term investments at the end of fiscal 2025; with $12.3 billion of debt that is net debt of $11.8 billion.

What is Alliant Energy's book value?

Alliant Energy's shareholders' equity (book value) was $7.3 billion at the end of fiscal 2025, or $28.45 per share.

What is Alliant Energy's current ratio?

Alliant Energy had current assets of $1.7 billion and current liabilities of $2.1 billion, a current ratio of 0.80 (current liabilities exceed current assets).