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Asset logo for symbol ALE
ALLETE
ALE57
$64.17arrow_drop_down0.13%-$0.08
Asset logo for symbol ALE
ALE57

$64.17

arrow_drop_down0.13%

Income Statement (ALE)

itemJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
EBIT$29.40M$47.30M$43.10M$110.20M$124.67M
EBITDA$95.40M$112.30M$106.70M$173.30M$124.80M
gross Profit$45.70M$66.00M$57.20M$114.60M$124.50M
NET Income$33.00M$50.70M$51.50M$85.90M$51.50M
total Revenue$354.50M$403.30M$402.70M$378.80M$533.40M

Balance Sheet (ALE)

itemJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
cash Equivalents---$125.50M$47.90M
net Debt$1.76B$1.76B$1.72B$1.68B$1.75B
stockholders Equity$2.82B$2.82B$2.80B$2.78B$2.73B
total Assets$6.66B$6.60B$7.36B$6.64B$6.56B
total Debt$1.80B$1.80B$1.80B$1.81B$1.80B
total Liabilities$3.26B$3.19B$3.95B$3.24B$3.19B

Cash Flow (ALE)

itemJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
financing Cash Flow-$38.40M-$41.10M-$34.10M-$39.00M-$171.10M
free Cash Flow$43.00M-$500.00K-$21.80M$124.80M$188.70M
investing Cash Flow----$200.60M-$56.60M
operating Cash Flow$116.40M$60.10M$65.30M$188.40M$239.20M

ALLETE (ALE) Financials

ALLETE Inc (ALE) is a publicly traded energy company based in Duluth, Minnesota. The company operates in the electric utility and energy infrastructure sectors, providing reliable and affordable energy to customers in the Midwest. ALLETE Inc's financial performance is reflected in its income statement, which shows the company's revenue, expenses, and profitability. The company's total revenue is an important indicator of its financial health and growth potential. ALLETE Inc reported a total revenue of $1.44 billion in its most recent fiscal year.
One of the key metrics used to assess ALLETE Inc's profitability is its gross profit. Gross profit is calculated by subtracting the cost of goods sold from total revenue. In the case of ALLETE Inc, the company reported a gross profit of $672 million. This indicates that the company is able to generate a substantial profit from its operations.
Another important measure of ALLETE Inc's financial performance is its net income from stockholders. This represents the amount of profit that is left for shareholders after all expenses, taxes, and other deductions have been paid. In its most recent fiscal year, ALLETE Inc reported a net income from stockholders of $169 million. This indicates that the company is able to generate a healthy profit for its shareholders.
ALLETE Inc's balance sheet provides a snapshot of the company's financial position at a specific point in time. It shows the company's total assets, liabilities, and stockholders' equity. ALLETE Inc's total assets represent the value of all the resources that the company owns, including cash, property, and equipment. As of its most recent fiscal year, ALLETE Inc reported total assets of $9.15 billion.
One important measure of ALLETE Inc's liquidity is its cash equivalents. Cash equivalents include highly liquid assets that can be easily converted into cash, such as short-term investments and treasury bills. ALLETE Inc reported cash equivalents of $87 million in its most recent fiscal year. This indicates that the company has a reasonable amount of cash on hand to meet its short-term obligations.
ALLETE Inc's total debt is an important indicator of the company's financial leverage. Total debt includes both short-term and long-term liabilities, such as bank loans, bonds, and mortgages. As of its most recent fiscal year, ALLETE Inc reported total debt of $2.57 billion. This indicates that the company has a significant amount of debt obligations that it needs to repay.
ALLETE Inc's cash flow statement provides information about the company's sources and uses of cash during a specific period. It includes operating cash flow, investing cash flow, and financing cash flow. Operating cash flow represents the cash generated from the company's core business operations. ALLETE Inc reported operating cash flow of $335 million in its most recent fiscal year.
Investing cash flow represents the cash used for acquiring or disposing of long-term assets, such as property, plant, and equipment. ALLETE Inc reported investing cash flow of $404 million in its most recent fiscal year. This indicates that the company has made significant investments in its infrastructure and other long-term assets.
Financing cash flow represents the cash flows resulting from activities such as issuing or repurchasing stock, issuing or repaying debt, or paying dividends. ALLETE Inc reported financing cash flow of $121 million in its most recent fiscal year. This indicates that the company has been raising capital through debt and equity issuances, and also returning capital to its shareholders through dividends.
Free cash flow is a measure of a company's ability to generate cash after accounting for capital expenditures and other cash outflows. ALLETE Inc reported free cash flow of $242 million in its most recent fiscal year. This indicates that the company has a healthy amount of cash available for reinvestment in its business or returning to shareholders through dividends or stock buybacks.
In conclusion, ALLETE Inc's financials indicate a strong financial position with significant revenue, profitability, and asset base. The company has a healthy ability to generate cash flows from its operations and has been making strategic investments to support its growth. However, it is important for investors to consider the company's debt levels and overall financial leverage when evaluating its financial health.
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