ALLETE INCALE

Market cap

$3.9B

P/E ratio

	Dec 31, 2010	Dec 31, 2011	Dec 31, 2012	Dec 31, 2013	Dec 31, 2014	Dec 31, 2015	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024
Cash and Cash Equivalents	45	101	81	97	146	97	28	99	69	69	44	45	36	72	33
Accounts and Other Receivables, Net, Current	-	-	-	-	-	-	-	-	-	-	-	-	138	137	148
Inventory, Net	60	69	70	59	81	117	104	96	87	73	74	98	456	175	155
Prepayments and Other	-	-	-	-	82	36	40	38	34	31	25	25	88	84	100
Total Current Assets	240	277	273	307	419	371	295	368	334	270	255	291	718	468	435
Property, Plant and Equipment, Net	1,806	1,983	2,348	2,577	3,286	3,669	3,741	3,822	3,904	4,377	4,841	5,100	5,004	5,013	5,182
Regulatory Assets	310	346	340	264	357	372	360	385	390	421	481	512	441	425	372
Equity Investments	93	99	107	115	121	125	136	119	161	198	301	318	323	331	340
Goodwill and Intangible Assets – Net	-	-	-	-	-	215	213	226	223	1	-	-	156	155	155
Other Non-Current Assets	34	39	42	69	63	81	107	108	103	217	207	214	204	263	271
Total Assets	2,609	2,876	3,253	3,477	4,361	4,907	4,906	5,080	5,165	5,483	6,085	6,435	6,846	6,656	6,754
Accounts Payable	75	72	91	100	134	89	74	136	150	165	110	111	103	102	114
Accrued Taxes	22	26	30	35	39	44	47	50	51	51	59	65	69	51	55
Accrued Interest	13	13	16	16	18	19	18	18	18	18	20	20	21	21	23
Long-Term Debt Due Within One Year	13	5	85	27	101	36	188	64	58	213	204	214	273	111	95
Other	34	46	63	53	121	86	74	83	129	60	67	133	251	92	118
Total Current Liabilities	159	163	283	230	416	275	400	351	405	507	460	543	716	378	404
Long-Term Debt	772	858	934	1,083	1,273	1,569	1,370	1,439	1,429	1,401	1,593	1,763	1,648	1,680	1,705
Deferred Income Taxes	-	-	-	-	-	-	-	-	-	-	196	186	158	193	253
Regulatory Liabilities	44	44	60	81	94	105	126	532	512	560	525	536	526	574	571
Liability, Defined Benefit Plan, Noncurrent	-	254	228	133	191	207	211	192	177	173	226	180	180	161	118
Other Non-Current Liabilities	325	105	123	127	265	349	323	267	263	293	285	281	269	264	313
Total Liabilities	1,624	1,797	2,052	2,134	2,750	3,085	3,013	3,012	3,009	3,147	3,284	3,489	3,497	3,249	3,364
Redeemable Non-Controlling Interest	-	-	-	-	-	-	-	-	-	-	-	-	-	1	0
Common Stock, Value, Issued	636	706	785	885	1,108	1,271	1,295	1,401	1,429	1,437	1,461	1,537	1,782	1,804	1,823
Accumulated Other Comprehensive Loss	-23	-29	-22	-17	-21	-24	-28	-23	-27	-24	-31	-24	-24	-20	-18
Retained Earnings	400	432	460	489	530	573	626	689	755	819	865	900	935	1,026	1,043
Total ALLETE Equity	985	1,079	1,201	1,343	1,611	1,822	1,893	2,068	2,156	2,336	2,800	2,946	3,348	3,407	3,390
Non-Controlling Interest in Subsidiaries	9	-	-	-	2	2	-	-	-	104	506	533	656	597	542
Total Equity	985	1,079	1,201	1,343	1,611	1,822	1,893	2,068	-	2,336	2,800	2,946	3,348	3,407	3,390
Total Liabilities, Redeemable Non-Controlling Interest and Equity	2,609	2,876	3,253	3,477	4,361	4,907	4,906	5,080	5,165	5,483	6,085	6,435	6,846	6,656	6,754