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    Diversified Utilities
ALLETE, Inc.

ALLETE, Inc.

ALE
ALLETE, Inc.US flagNew York Stock Exchange
67.90
USD
-0.04
- -
3.94BMarket Cap

Income Statement (USD)

APIChat
2010 Y
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
Sales/Revenue/Turnover
907
928
961
1,018
1,137
1,486
1,340
1,419
1,499
1,240
1,169
1,419
1,571
1,880
1,530
+ Sales & Services Revenue
907
928
961
1,018
1,137
1,486
1,340
1,419
1,499
1,240
1,169
1,419
1,571
1,880
1,530
- Cost of Revenue
691
688
706
706
767
1,018
883
960
1,036
805
744
966
1,124
1,390
1,033
+ Cost of Goods & Services
691
688
706
706
767
1,018
883
960
1,036
805
744
966
1,124
1,390
1,033
Gross Profit
216
240
255
312
370
468
456
460
463
435
425
454
447
490
497
+ Other Operating Income
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Operating Expenses
80
90
100
158
181
221
250
234
264
255
274
302
313
309
337
+ Selling, General & Admin
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Research & Development
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Operating Expense
80
90
100
158
181
221
250
234
264
255
274
302
313
309
337
Operating Income (Loss)
136
150
155
154
189
247
207
225
199
180
151
151
134
181
160
- Non-Operating (Income) Loss
17
21
20
21
27
80
31
38
41
1
29
40
34
-26
34
+ Interest Expense, Net
39
44
46
50
55
65
70
66
67
60
64
67
75
70
78
+ Interest Expense
39
44
46
50
55
65
70
68
68
65
66
69
75
81
82
- Interest Income
- -
- -
- -
- -
- -
- -
- -
2
- -
4
2
2
- -
10
4
+ Other Non-Op (Income) Loss
-22
-23
-25
-30
-28
15
-39
-28
-27
-60
-35
-26
-41
-96
-44
Pretax Income
119
129
135
133
162
167
176
187
159
179
122
111
100
207
126
- Income Tax Expense (Benefit)
44
36
38
29
37
25
20
15
-16
-7
-40
-27
-31
28
5
- (Income) Loss from Affiliates
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Income (Loss) from Cont Ops
75
94
97
105
126
142
156
172
174
186
162
138
131
179
122
- Net Extraordinary Losses (Gains)
-1
- -
- -
- -
1
- -
1
- -
- -
- -
-25
-63
-116
-136
-115
+ Discontinued Operations
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Extraord. & Accounting Changes
-1
- -
- -
- -
1
- -
1
- -
- -
- -
-25
-63
-116
-136
-115
Income (Loss) Incl. MI
76
94
97
105
124
142
155
172
174
186
187
201
247
315
237
- Minority Interest
- -
- -
- -
- -
-1
- -
- -
- -
- -
- -
13
31
58
68
58
Net Income, GAAP
75
94
97
105
125
141
155
172
174
186
174
169
189
247
179
- Preferred Dividends
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Other Adjustments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income Avail to Common, GAAP
75
94
97
105
125
141
155
172
174
186
174
169
189
247
179
EBIT
136
150
155
154
189
247
207
225
199
180
151
151
134
181
160
EBITDA
216
240
256
272
325
418
408
407
409
392
379
393
384
440
438
EBITDA Margin (%)
23.85
25.9
26.67
26.68
28.61
28.16
30.42
28.7
27.29
31.61
32.42
27.68
24.48
23.39
28.65
EBITA
136
150
155
154
189
247
207
225
199
180
151
151
134
181
160
Gross Margin (%)
23.85
25.9
26.57
30.68
32.56
31.51
34.06
32.38
30.88
35.07
36.34
31.95
28.45
26.06
32.49
Operating Margin (%)
14.97
16.16
16.15
15.13
16.61
16.62
15.43
15.87
13.29
14.49
12.91
10.66
8.54
9.62
10.47
Profit Margin (%)
8.3
10.11
10.1
10.28
10.98
9.49
11.59
12.13
11.62
14.96
14.9
11.92
12.05
13.15
11.72
Sales per Employee
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
1.78
1.76
1.84
1.89
1.95
2.03
2.08
2.14
2.24
2.35
2.47
2.52
2.61
2.71
2.82
Depreciation Expense
80
90
101
118
136
172
201
182
210
212
228
242
250
259
278
Basic Weighted Avg Shares
34
35
38
40
43
48
49
51
51
52
52
52
56
57
58
Basic EPS, GAAP
2.2
2.66
2.58
2.64
2.91
2.92
3.15
3.39
3.39
3.6
3.36
3.23
3.39
4.31
3.11
Basic EPS from Cont Ops
2.19
2.65
2.58
2.64
2.93
2.93
3.16
3.39
3.39
3.59
3.11
2.63
2.35
3.12
2.11
Diluted Weighted Avg Shares
34
35
38
40
43
48
50
51
52
52
52
52
56
57
58
Diluted EPS, GAAP
2.2
2.65
2.58
2.63
2.9
2.92
3.14
3.38
3.38
3.59
3.36
3.22
3.38
4.3
3.1
Diluted EPS from Cont Ops
2.18
2.64
2.58
2.63
2.91
2.92
3.15
3.38
3.38
3.59
3.11
2.62
2.34
3.12
2.11

Balance Sheet (USD)

APIChat
2010 Y
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
Total Current Assets
240
277
273
307
419
371
294
368
334
270
255
291
718
468
435
+ Cash, Cash Equivalents & STI
52
101
81
97
146
97
28
99
69
69
44
45
36
72
33
+ Cash & Cash Equivalents
45
101
81
97
146
97
28
99
69
69
44
45
36
72
33
+ ST Investments
7
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Accounts & Notes Receiv
100
80
89
96
103
121
122
135
144
96
112
124
138
137
148
+ Accounts Receivable, Net
100
64
70
79
86
105
106
113
122
77
94
101
107
107
116
+ Notes Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Loans Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Receivable, Net
- -
16
19
18
18
16
16
22
23
19
18
23
31
30
32
+ Inventories
60
69
70
59
80
117
104
96
87
73
74
98
456
175
155
+ Raw Materials
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Work In Process
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Finished Goods
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Inventory Adjustments
- -
- -
- -
- -
- -
- -
-1
-1
-1
- -
- -
- -
- -
- -
- -
+ Other Inventory
60
69
70
59
80
117
105
97
88
73
74
98
456
175
155
+ Other ST Assets
29
27
34
54
90
36
40
38
34
31
24
25
88
84
100
+ Misc ST Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Prepaid Expenses
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Derivative & Hedging Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Assets Held-for-Sale
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Deferred Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Noncurrent Assets
2,369
2,599
2,980
3,170
3,942
4,524
4,582
4,712
4,831
5,213
5,830
6,131
6,128
6,188
6,319
+ Property, Plant & Equip, Net
1,806
1,982
2,348
2,576
3,285
3,669
3,741
3,822
3,904
4,406
4,863
5,104
5,004
5,013
5,182
+ Property, Plant & Equip
2,829
3,058
3,507
3,819
4,621
5,095
5,297
5,507
5,646
6,241
6,861
7,225
7,289
7,359
7,697
- Accumulated Depreciation
1,024
1,076
1,160
1,242
1,336
1,426
1,555
1,685
1,741
1,835
1,997
2,121
2,285
2,346
2,516
+ LT Investments & Receivables
219
231
251
261
236
199
191
172
161
198
301
318
323
331
340
+ LT Investments
219
231
251
261
236
199
191
172
161
198
301
318
323
331
340
+ LT Receivables
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other LT Assets
344
385
382
332
422
655
650
718
765
610
665
709
801
844
798
+ Total Intangible Assets
- -
- -
- -
- -
5
215
213
226
223
1
- -
1
156
155
155
+ Goodwill
- -
- -
- -
- -
3
131
131
148
148
- -
- -
- -
- -
- -
- -
+ Other Intangible Assets
- -
- -
- -
- -
2
85
82
78
75
1
- -
1
156
155
155
+ LT Deferred Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Derivative & Hedging Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc LT Assets
344
385
382
332
417
440
437
492
542
609
665
708
645
688
642
Total Assets
2,609
2,876
3,253
3,477
4,361
4,894
4,877
5,080
5,165
5,483
6,085
6,422
6,846
6,656
6,754
+ Payables & Accruals
111
111
136
150
191
151
138
204
219
234
189
196
193
174
192
+ Accounts Payable
75
72
90
100
134
89
74
136
150
165
110
111
103
102
114
+ Accrued Taxes
22
26
30
35
39
44
46
50
51
51
59
65
69
51
55
+ Interest & Dividends Payable
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Payables & Accruals
13
13
16
16
18
19
18
18
18
18
20
20
20
21
23
+ ST Debt
14
6
84
27
104
37
188
64
58
220
210
219
273
111
95
+ ST Borrowings
14
6
84
27
104
37
188
64
58
213
204
214
273
111
95
+ ST Finance Leases
- -
- -
- -
- -
- -
- -
- -
- -
- -
7
6
5
3
- -
- -
+ Other ST Liabilities
34
46
63
53
121
86
74
83
128
54
61
128
251
92
118
+ Deferred Revenue
- -
16
29
26
74
15
5
9
8
- -
7
27
151
7
8
+ Derivatives & Hedging
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
11
- -
- -
- -
- -
- -
- -
+ Misc ST Liabilities
34
29
34
27
47
71
68
74
110
53
53
101
100
84
110
Total Current Liabilities
159
163
283
230
416
275
400
351
405
507
460
543
716
378
404
+ LT Debt
772
858
934
1,083
1,273
1,557
1,370
1,439
1,428
1,423
1,610
1,775
1,648
1,680
1,705
+ LT Borrowings
772
858
934
1,083
1,273
1,557
1,370
1,439
1,428
1,401
1,593
1,763
1,648
1,680
1,705
+ LT Finance Leases
- -
- -
- -
- -
- -
- -
- -
- -
- -
22
16
12
9
- -
- -
+ Other LT Liabilities
694
776
835
821
1,061
1,241
1,214
1,221
1,176
1,217
1,215
1,167
1,133
1,192
1,255
+ Accrued Liabilities
325
374
424
479
511
580
555
230
224
213
196
182
158
193
253
+ Pension Liabilities
- -
254
228
133
191
207
211
192
177
173
226
180
180
161
118
+ Deferred Revenue
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Derivatives & Hedging
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc LT Liabilities
368
149
183
208
359
454
448
799
775
832
794
805
795
839
884
Total Noncurrent Liabilities
1,465
1,634
1,769
1,904
2,334
2,797
2,584
2,661
2,604
2,640
2,825
2,941
2,781
2,872
2,960
Total Liabilities
1,624
1,797
2,052
2,134
2,750
3,072
2,984
3,012
3,009
3,147
3,284
3,485
3,497
3,250
3,364
+ Preferred Equity and Hybrid Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Share Capital & APIC
636
1,411
1,569
1,770
2,215
2,543
2,591
2,803
2,857
1,437
1,461
1,537
1,782
1,804
1,823
+ Common Stock
- -
706
785
885
1,108
1,271
1,295
1,401
1,428
1,437
1,461
1,537
1,782
1,804
1,823
+ Additional Paid in Capital
636
706
785
885
1,108
1,271
1,295
1,401
1,428
- -
- -
- -
- -
- -
- -
- Treasury Stock
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Retained Earnings
400
432
460
489
530
573
626
689
755
819
865
891
935
1,026
1,043
+ Other Equity
-23
-29
-22
-17
-21
-24
-28
-23
-27
-24
-31
-24
-24
-20
-18
Equity Before Minority Interest
976
1,079
1,201
1,343
1,609
1,820
1,893
2,068
2,156
2,232
2,295
2,404
2,692
2,809
2,848
+ Minority/Non Controlling Interest
9
- -
- -
- -
2
2
- -
- -
- -
104
506
533
656
598
542
Total Equity
985
1,079
1,201
1,343
1,611
1,822
1,893
2,068
2,156
2,336
2,800
2,938
3,348
3,407
3,390
Total Liabilities & Equity
2,609
2,876
3,253
3,477
4,361
4,894
4,877
5,080
5,165
5,483
6,085
6,422
6,846
6,656
6,754
Shares Outstanding
36
38
39
41
46
49
50
51
52
52
52
53
57
58
58
Number of Employees
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Capital Leases - Total
- -
- -
- -
- -
- -
- -
- -
- -
- -
29
22
16
12
- -
- -
Net Debt
741
763
937
1,013
1,231
1,497
1,531
1,404
1,417
1,544
1,753
1,932
1,884
1,719
1,767
Net Debt to Equity
75.24
70.72
78.04
75.43
76.43
82.14
80.86
67.9
65.73
66.13
62.59
65.78
56.28
50.47
52.11
Tangible Common Equity Ratio
37.75
37.53
36.92
38.62
36.88
34.35
36.02
37.95
39.11
42.59
46.02
45.73
47.72
50.01
49.02
Current Ratio
1.51
1.7
0.96
1.33
1.01
1.35
0.74
1.05
0.83
0.53
0.55
0.54
1
1.24
1.08
Cash Conversion Cycle
38.6
27.8
19.45
10.13
5.44
20.28
40.44
25.88
9.85
-7.23
-4.66
16.67
87.68
69.9
45.96

Cash Flow Statement (USD)

APIChat
2010 Y
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
+ Net Income
75
94
97
105
126
142
156
172
174
186
162
138
131
179
122
+ Depreciation & Amortization
80
90
101
118
136
172
201
182
210
212
228
242
250
259
278
+ Non-Cash Items
48
40
58
40
35
62
-20
54
-14
-105
-59
-95
-8
21
26
+ Stock-Based Compensation
9
9
10
11
11
12
5
7
7
6
6
6
5
7
7
+ Deferred Income Taxes
66
36
38
29
33
25
19
14
-5
-7
-40
-27
-38
18
-16
+ Asset Impairment Charge
1
3
1
1
2
38
7
1
1
- -
3
1
2
1
1
+ Other Non-Cash Adj
-28
-7
10
-1
-10
-13
-51
32
-16
-104
-28
-75
24
-6
34
+ Chg in Non-Cash Work Cap
25
17
-17
-22
-28
-34
-2
-5
61
-46
-31
-21
-152
127
31
+ (Inc) Dec in Accts Receiv
18
19
-10
-9
-4
1
-5
-8
-11
23
-18
-13
-14
2
-13
+ (Inc) Dec in Inventories
-3
-9
-1
10
-18
-22
13
12
56
-4
-1
-24
-256
277
8
+ (Inc) Dec in Prepaid Assets
-4
2
-6
-1
5
4
-7
-5
-4
- -
1
- -
-22
-8
-10
+ Inc (Dec) in Accts Payable
6
-10
-2
1
11
-19
6
-8
14
-9
12
15
-1
-4
-3
+ Inc (Dec) in Other
9
16
2
-24
-22
2
-10
4
7
-56
-24
1
140
-140
50
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Operating Activities
229
242
240
239
270
340
335
403
431
247
300
264
221
585
457
+ Change in Fixed & Intang
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Disp in Fixed & Intang
- -
- -
- -
1
- -
- -
1
1
- -
- -
- -
- -
- -
- -
- -
+ Disp of Fixed Prod Assets
- -
- -
- -
1
- -
- -
1
1
- -
- -
- -
- -
- -
- -
- -
+ Disp of Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Acq of Fixed & Intang
-249
-239
-406
-328
-598
-287
-266
-208
-312
-597
-718
-480
-220
-271
-355
+ Acq of Fixed Prod Assets
-249
-239
-406
-328
-598
-287
-266
-208
-312
-597
-718
-480
-220
-271
-355
+ Acq of Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Cash (Repurchase) of Equity
20
39
77
98
201
161
31
86
20
2
18
70
248
15
13
+ Increase in Capital Stock
20
39
77
98
201
161
31
86
20
2
18
70
248
15
13
+ Decrease in Capital Stock
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Net Change in LT Investment
-2
-4
-15
-4
28
1
- -
2
-3
- -
4
3
- -
- -
- -
+ Dec in LT Investment
2
8
2
16
37
5
9
10
10
12
13
6
2
1
2
+ Inc in LT Investment
-4
-12
-16
-20
-9
-4
-9
-9
-13
-12
-9
-4
-2
-1
-2
+ Net Cash From Acq & Div
- -
- -
- -
- -
-60
-333
-11
-26
-39
239
-99
-18
-161
-8
-6
+ Cash from Divestitures
- -
- -
- -
- -
- -
- -
- -
- -
- -
277
- -
- -
- -
- -
- -
+ Cash for Acq of Subs
- -
- -
- -
- -
-60
-333
-11
-26
-39
-38
-99
-18
-161
-8
-6
+ Cash for JVs
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Investing Activities
- -
2
- -
-5
5
- -
4
3
8
16
- -
9
-2
-4
20
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Investing Activities
-251
-241
-420
-337
-626
-619
-272
-229
-347
-343
-813
-485
-384
-284
-341
+ Dividends Paid
-61
-62
-69
-75
-84
-98
-103
-109
-115
-121
-128
-132
-146
-156
-163
+ Net Cash From Debt
84
78
155
92
240
164
-53
-58
-20
259
368
180
-92
-130
9
+ Cash From Debt
155
81
181
170
375
324
5
132
76
404
1,345
733
785
437
658
+ Repayments of Debt
-71
-3
-26
-78
-134
-160
-58
-190
-96
-144
-977
-553
-877
-567
-649
+ Other Financing Activities
-2
- -
-2
-1
47
2
-10
-21
-1
-31
228
86
145
8
1
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Financing Activities
41
55
160
114
404
230
-135
-102
-115
109
486
204
155
-262
-141
Effect of Foreign Exchange Rates
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Changes in Cash
19
56
-20
16
48
-49
-72
72
-31
14
-27
-18
-8
39
-24
EBITDA
216
240
256
272
325
418
408
407
409
392
379
393
384
440
438
EBITDA Margin (%)
23.85
25.9
26.67
26.68
28.61
28.16
30.42
28.7
27.29
31.61
32.42
27.68
24.48
23.39
28.65
Free Cash Flow
-20
2
-166
-89
-329
53
69
194
119
-350
-418
-216
1
314
102
Net Cash Paid for Acquisitions
- -
- -
- -
- -
60
333
11
26
39
-239
99
18
161
8
6
Free Cash Flow to Firm
4
34
-133
-50
-286
108
132
257
- -
- -
- -
- -
- -
384
181
Free Cash Flow to Equity
64
81
-12
4
-88
218
17
138
99
-91
-50
-36
-91
184
111
Free Cash Flow per Basic Share
-0.59
0.07
-4.42
-2.24
-7.66
1.1
1.41
3.83
2.32
-6.79
-8.05
-4.12
0.01
5.48
1.77
Price/Free Cash Flow
1.55
1.87
1.51
2.3
1.88
2.8
3.91
4.72
4.14
4.01
2.66
4.09
7.46
3.92
4.61
Cash Flow to Net Income
3.04
2.58
2.47
2.29
2.16
2.41
2.16
2.34
2.48
1.33
1.72
1.56
1.17
2.37
2.55
Capital Expenditures
-249
-239
-406
-328
-598
-287
-266
-208
-312
-597
-718
-480
-220
-271
-355