ALLETE INC

Delisted

CIK 66756fmd_1Z18BX3S9JSG1W10CKFRZ0CNG7Transportation, Communications, Electric, Gas and Sanitary Services · Electric & Other Services CombinedTemplate: Utilities

Coverage: Jan 01, 2008 to Sep 30, 2025, 67 periods

Income Statement · Annual · Millions · USD
Line item	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Total revenues	1,486	1,340	1,419	1,499	1,241	1,169	1,419	1,571	1,880	1,530
Operating revenues (regulated and unregulated)	991	1,001	1,064	1,060	1,042	987	1,228	1,259	1,238	1,243
Fuel and purchased power	336	340	397	–	–	–	–	–	–	–
Cost of revenue	294	137	148	218	81	67	69	183	474	129
Operations and maintenance	–	–	–	–	–	–	–	–	–	–
Gross profit	1,192	1,202	1,272	1,281	1,160	1,102	1,350	1,388	1,406	1,401
Depreciation and amortization	170	196	178	206	202	218	232	242	252	272
Impairment of real estate	36	0	0	0	0	0	–	–	–	–
Total operating expenses	334	341	344	341	264	–	–	–	–	–
Operating income	211	217	226	201	180	138	151	134	181	160
Interest expense	65	70	68	68	65	66	69	75	81	82
Other non-operating income (expense)	(44)	(41)	(39)	(43)	(1)	(29)	(40)	(34)	26	(34)
Income before taxes	167	176	187	159	179	109	111	100	207	126
Income tax expense	25	20	15	(16)	(7)	(43)	(27)	(31)	28	5
Net income from continuing operations	142	156	172	174	186	153	138	131	179	122
Net income	141	155	172	174	186	165	169	189	247	179
Net income to common shareholders	–	155	172	174	186	165	169	189	247	179