Exhibit 99(a)
ITEM 6. SELECTED FINANCIAL DATA
Alliant Energy Corporation
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Financial Information 2002 (1) 2001 (1) 2000 (1) 1999 (2) 1998 (3)
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(dollars in thousands, except per share data)
Income Statement Data:
Operating revenues $2,438,342 $2,569,505 $2,270,975 $2,048,158 $2,053,318
Income from continuing operations 87,456 128,159 330,915 154,334 95,437
Income from discontinued operations, net of tax 19,425 57,071 51,039 42,247 1,238
Income before cumulative effect of changes in accounting
principle, net of tax 106,881 185,230 381,954 196,581 96,675
Cumulative effect of changes in accounting principle, net of tax -- (12,868) 16,708 -- --
Net income 106,881 172,362 398,662 196,581 96,675
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Common Stock Data:
Earnings per average common share (diluted):
Income from continuing operations $0.97 $1.59 $4.18 $1.98 $1.24
Income from discontinued operations $0.21 $0.71 $0.64 $0.53 $0.02
Cumulative effect of changes in accounting principle -- ($0.16) $0.21 -- --
Net income $1.18 $2.14 $5.03 $2.51 $1.26
Common shares outstanding at year-end (000s) 92,304 89,682 79,010 78,984 77,630
Dividends declared per common share $2.00 $2.00 $2.00 $2.00 $2.00
Market value per share at year-end $16.55 $30.36 $31.88 $27.50 $32.25
Book value per share at year-end (4) $19.89 $21.39 $25.79 $27.29 $20.69
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Other Selected Financial Data:
Construction and acquisition expenditures $656,752 $712,991 $845,454 $418,371 $313,033
Total assets at year-end (4) $7,001,395 $6,237,925 $6,733,766 $6,075,683 $4,959,337
Long-term obligations, net $2,784,216 $2,586,044 $2,128,496 $1,660,558 $1,713,649
Times interest earned before income taxes (5) 1.73X 2.01X 4.35X 3.05X 2.40X
Capitalization ratios:
Common equity (4) 39% 43% 50% 57% 49%
Preferred stock 5% 3% 3% 3% 4%
Long-term debt, excluding current portion 56% 54% 47% 40% 47%
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Total 100% 100% 100% 100% 100%
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(1) Refer to "MD&A - Alliant Energy Results of Operations" for a discussion of
the 2002, 2001 and 2000 results of operations.
(2) Includes $25 million ($0.32 per diluted share) of net income from gains on
sales of McLeod stock.
(3) Results reflect the recording of $54 million of pre-tax merger-related
charges.
(4) Alliant Energy adjusts the carrying value of its investments in McLeod to
its estimated fair value, pursuant to the applicable accounting rules. At
December 31, 2002, 2001, 2000, 1999 and 1998, the carrying amount reflected
an unrealized gain (loss) of approximately $1 million, ($13) million, $543
million, $1.1 billion and $291 million, respectively, with a net of tax
increase (decrease) to common equity of $0.4 million, ($9) million, $317
million, $640 million and $170 million, respectively.
(5) Represents income from continuing operations before income taxes plus
preferred dividend requirements of subsidiaries plus interest expense
divided by interest expense.
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