Allete Revenue, Profits - ALE Annual Income Statement

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$78.02 $0.45 (0.58%) ALE stock closing price Aug 14, 2018 (Closing)

Financial analysis of Allete involves more than just checking the Allete stock price, by looking at the financial statements of the company in detail. In the income statement, an investor can look at important parameters like revenue or sales, gross profits, net profits, and EPS basic to gain deeper insights. Like any other income statement, the ALE income statement also itemizes revenue/sales, operating expenses, and profits/bottomline for a quarter or year and reflects a YOY revenue growth of 5.94% when compared to the same period in the past. One also needs to look at Allete assets, operating expenses and Allete free cash flow. The Allete profit and loss statement shows revenue of $1.42B for 2017. Revenue has grown by 5.94% YOY for ALE stock.

View revenue and profit details for latest and last 10 financial years.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Allete Revenues or Net Sales
1.42B1.34B1.49B1.14B1.02B961.2M928.2M907M759.1M801M
Cost Of Goods Sold (COGS)544.7M477.6M630.4M356.1M334.8M308.7M306.6M325.1M279.5M305.6M
Allete Gross Profit
874.6M862.1M856M780.7M683.6M652.5M621.6M581.9M479.6M495.4M
Research & Development Expense----------
Selling General & Admin Expense467.3M442.8M475.3M456.2M412.9M397.1M381.2M365.6M308.9M318.1M
Income Before Depreciation Depletion Amortization407.3M419.3M380.7M324.5M270.7M255.4M240.4M216.3M170.7M177.3M
Depreciation Depletion Amortization177.5M195.8M170M135.7M116.6M100.2M90.4M80.5M64.7M55.5M
Non Operating Income24.9M22.4M21M28.2M29.6M25.4M22.8M22.5M19.3M30.9M
Interest Expense67.8M70.3M64.9M54.8M50.3M45.5M43.6M39.2M33.8M26.3M
Allete Pretax Income
186.9M175.6M166.8M162.2M133.4M135.1M129.2M119.1M91.5M126.4M
Provision for Income Taxes14.7M19.8M25.3M36.7M28.7M38M35.6M44.3M30.8M43.4M
MinorityInterest-------0.2M-0.5M-0.3M-
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations172.2M155.8M141.5M125.5M104.7M97.1M93.6M74.8M60.7M82.5M
Extraordinary Items & Discontinued Operations----------
Allete Profit/ Loss (Net Income)
172.2M155.3M141.1M124.8M104.7M97.1M93.8M75.3M61M82.5M
Average Shares used to compute Diluted EPS51M49.5M48.4M43.1M39.8M37.6M35.4M34.3M32.2M29.3M
Average Shares used to compute Basic EPS50.8M49.3M48.3M42.9M39.7M37.6M35.3M34.2M32.2M29.2M
Income Before Nonrecurring Items162.7M145.9M188.53M128.7M105.7M97.1M93.8M75.3M65.9M82.5M
Income from Nonrecurring Items9.5M9.41M-47.43M-3.9M-1M----4.9M-
Allete Earnings Per Share Basic Net
3.393.152.922.912.642.592.662.201.892.82
Allete Earnings Per Share Diluted Net
3.383.142.922.902.632.582.652.191.892.82
EPS Diluted Before Nonrecurring Items3.192.953.902.992.662.582.652.192.042.82
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common2.142.082.021.961.901.841.781.761.761.72
All figures in USD. M: Millions of USD, B: Billions of USD.
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The key things to look for in an income statement while doing Allete stock analysis are:

  • Topline: A growing topline, as seen from the Allete revenue chart, as is the case with Allete indicates a growing business. One needs to compare the YoY topline or sales growth of ALE stock with its peers like AQN stock and POR stock to see if the growth compares well with what can be expected from a company in that industry.
  • Bottom line: Most businesses like Allete try to grow their profits by growing their topline and by increasing their operating efficiency. A healthy bottom line growth implies a good investment.

The income statement is also called statement of revenue and expense. The ALE financials along with Allete historical stock prices provide a lot of details about the firm.

Allete Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
23.71
PS Ratio (price sales ratio)
2.85
Operating Margin
10.6
Net Profit Margin
9.1
Dividend Yield
2.82%