ALLETE, Inc. (FRA:AEBA)

ALLETE Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	55.4	32.8	71.9	36.4	45.1	44.3
Accounts Receivable	129.7	141.4	129	134.7	123.5	111.9
Other Receivables	32.3	39.1	29.7	3.2	0.2	-
Inventory	178.2	154.6	175.4	455.9	97.7	74.2
Prepaid Expenses	57.3	47.4	57	86.3	24.5	23.7
Restricted Cash	-	19.9	5.1	1.5	0.3	0.8
Total Current Assets	452.9	435.2	468.1	718	291.3	254.9
Property, Plant & Equipment	5,324	5,182	5,013	5,017	5,104	4,863
Regulatory Assets	363	371.7	425.4	441	511.8	480.9
Goodwill	154.9	154.9	-	-	-	-
Other Intangible Assets	0.4	0.4	155.4	155.6	0.8	-
Long-Term Investments	350.5	340.1	331.2	322.7	318	301.2
Long-Term Accounts Receivable	14.8	15.9	18.5	21	23.3	25.5
Other Long-Term Assets	252.7	254.6	244.4	170.6	173.2	158.9
Total Assets	6,913	6,754	6,656	6,846	6,422	6,085
Accounts Payable	124	113.6	102.2	103	111	110
Accrued Expenses	25.3	23.4	21.1	20.5	20.1	19.8
Current Portion of Long-Term Debt	63.6	94.7	111.4	272.6	214.2	203.7
Current Portion of Leases	-	3.6	3.4	3.2	4.8	5.9
Current Income Taxes Payable	43.3	54.6	51	69.1	65.1	59.4
Other Current Liabilities	81.7	114.3	88.5	247.8	128.2	60.8
Total Current Liabilities	337.9	404.2	377.6	716.2	543.4	459.6
Long-Term Debt	1,932	1,705	1,680	1,648	1,763	1,593
Long-Term Leases	-	7.3	9.3	9.3	11.6	16.5
Pension & Post-Retirement Benefits	99.4	118.2	160.8	179.7	179.5	225.8
Long-Term Deferred Tax Liabilities	278.9	253.4	192.7	158.1	181.8	195.7
Other Long-Term Liabilities	898.1	876	829	785.8	805.3	793.6
Total Liabilities	3,546	3,364	3,249	3,497	3,485	3,284
Common Stock	1,834	1,823	1,804	1,782	1,537	1,461
Retained Earnings	1,046	1,043	1,026	934.8	891.4	864.8
Comprehensive Income & Other	-18.1	-18.1	-20.5	-24.4	-23.8	-31.1
Total Common Equity	2,862	2,848	2,810	2,692	2,404	2,295
Minority Interest	505.2	542.5	597.5	656.4	533.2	505.6
Shareholders' Equity	3,367	3,391	3,407	3,348	2,938	2,800
Total Liabilities & Equity	6,913	6,754	6,656	6,846	6,422	6,085
Total Debt	1,995	1,810	1,804	1,933	1,994	1,819
Net Cash (Debt)	-1,940	-1,778	-1,732	-1,897	-1,949	-1,775
Net Cash Per Share	-33.48	-30.75	-30.18	-33.87	-37.12	-34.20
Filing Date Shares Outstanding	58.04	57.9	57.58	57.25	53.24	52.12
Total Common Shares Outstanding	58.04	57.88	57.6	57.2	53.2	52.1
Working Capital	115	31	90.5	1.8	-252.1	-204.7
Book Value Per Share	49.31	49.20	48.78	47.06	45.19	44.04
Tangible Book Value	2,707	2,693	2,654	2,536	2,404	2,295
Tangible Book Value Per Share	46.64	46.52	46.08	44.34	45.18	44.04
Construction In Progress	-	326.9	223.1	176	208.4	350

Source: S&P Global Market Intelligence. Utility template. Financial Sources.