ALE
Income statement / Annual
Last year (2023), ALLETE, Inc.'s total revenue was $1.88 B,
an increase of 19.68% from the previous year.
In 2023, ALLETE, Inc.'s net income was $247.10 M.
See ALLETE, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$1.88 B
|
$1.57 B
|
$1.42 B
|
$1.17 B
|
$1.24 B
|
$1.50 B
|
$1.42 B
|
$1.34 B
|
$1.49 B
|
$1.14 B
|
| Cost of Revenue |
$1.64 B |
$1.12 B |
$965.70 M |
$744.30 M |
$805.40 M |
$1.04 B |
$955.80 M |
$876.90 M |
$1.02 B |
$812.30 M |
| Gross Profit |
$238.10 M |
$446.80 M |
$453.50 M |
$424.80 M |
$435.10 M |
$462.70 M |
$463.50 M |
$462.80 M |
$468.40 M |
$324.50 M |
| Gross Profit Ratio |
0.13 |
0.28 |
0.32 |
0.36 |
0.35 |
0.31 |
0.33 |
0.35 |
0.32 |
0.29 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling & Marketing
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$8.90 M
|
$9.80 M
|
$6.10 M
|
$8.60 M
|
$7.70 M
|
$4.60 M
|
$3.90 M
|
$7.40 M
|
$0.00
|
$0.00
|
| Other Expenses |
$48.30 M |
$312.60 M |
$302.20 M |
$273.90 M |
$255.30 M |
$7.80 M |
$2.40 M |
$3.90 M |
$4.70 M |
$135.70 M |
| Operating Expenses |
$57.20 M |
$312.60 M |
$302.20 M |
$273.90 M |
$255.30 M |
$263.50 M |
$234.40 M |
$249.60 M |
$221.40 M |
$135.70 M |
| Cost And Expenses |
$1.70 B |
$1.44 B |
$1.27 B |
$1.02 B |
$1.06 B |
$1.30 B |
$1.19 B |
$1.13 B |
$1.24 B |
$948.00 M |
| Interest Income |
$10.30 M |
$75.20 M |
$2.30 M |
$1.60 M |
$4.40 M |
$500,000.00 |
$1.00 M |
$0.00 |
$0.00 |
$0.00 |
| Interest Expense |
$80.80 M |
$75.20 M |
$69.10 M |
$65.60 M |
$64.90 M |
$67.90 M |
$67.80 M |
$70.30 M |
$64.90 M |
$54.80 M |
| Depreciation &
Amortization |
$258.80 M
|
$242.20 M
|
$231.70 M
|
$217.80 M
|
$202.00 M
|
$205.60 M
|
$177.50 M
|
$195.80 M
|
$170.00 M
|
$136.40 M
|
| EBITDA |
$539.40 M
|
$417.50 M
|
$411.70 M
|
$405.50 M
|
$445.80 M
|
$432.10 M
|
$431.40 M
|
$441.70 M
|
$401.70 M
|
$352.70 M
|
| EBITDA Ratio |
0.29 |
0.27 |
0.3 |
0.35 |
0.35 |
0.29 |
0.31 |
0.33 |
0.29 |
0.3 |
| Operating Income Ratio
|
0.1
|
0.09
|
0.11
|
0.13
|
0.14
|
0.13
|
0.16
|
0.17
|
0.14
|
0.17
|
| Total Other
Income/Expenses Net |
$25.90 M
|
-$34.10 M
|
-$40.40 M
|
-$28.80 M
|
-$900,000.00
|
-$42.60 M
|
-$39.00 M
|
-$41.40 M
|
-$43.90 M
|
-$26.60 M
|
| Income Before Tax |
$206.80 M |
$100.10 M |
$110.90 M |
$122.10 M |
$178.90 M |
$158.60 M |
$186.90 M |
$175.60 M |
$166.80 M |
$162.20 M |
| Income Before Tax Ratio
|
0.11
|
0.06
|
0.08
|
0.1
|
0.14
|
0.11
|
0.13
|
0.13
|
0.11
|
0.14
|
| Income Tax Expense |
$27.90 M |
-$31.20 M |
-$26.90 M |
-$39.50 M |
-$6.60 M |
-$15.50 M |
$14.70 M |
$19.80 M |
$25.30 M |
$36.70 M |
| Net Income |
$247.10 M |
$131.30 M |
$169.20 M |
$174.20 M |
$185.60 M |
$174.10 M |
$172.20 M |
$155.30 M |
$141.10 M |
$124.80 M |
| Net Income Ratio |
0.13 |
0.08 |
0.12 |
0.15 |
0.15 |
0.12 |
0.12 |
0.12 |
0.09 |
0.11 |
| EPS |
4.31 |
2.35 |
3.23 |
3.36 |
3.6 |
3.39 |
3.39 |
3.15 |
2.92 |
2.91 |
| EPS Diluted |
4.3 |
2.34 |
3.22 |
3.36 |
3.59 |
3.38 |
3.38 |
3.14 |
0.73 |
2.9 |
| Weighted Average Shares
Out |
$57.30 M
|
$55.90 M
|
$52.40 M
|
$51.90 M
|
$51.60 M
|
$51.30 M
|
$50.80 M
|
$49.30 M
|
$48.30 M
|
$42.90 M
|
| Weighted Average Shares
Out Diluted |
$57.40 M
|
$56.00 M
|
$52.50 M
|
$51.90 M
|
$51.70 M
|
$51.50 M
|
$51.00 M
|
$49.50 M
|
$48.40 M
|
$43.10 M
|
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