Allete Historical Income Statement
| ALE Stock | USD 64.88 0.01 0.02% |
Historical analysis of Allete income statement accounts such as Total Revenue of 1.1 B, Gross Profit of 458.4 M or Operating Income of 190.7 M can show how well Allete Inc performed in making a profits. Evaluating Allete income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Allete's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Allete Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Allete Inc is a good buy for the upcoming year.
Allete |
About Allete Income Statement Analysis
Allete Inc Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Allete shareholders. The income statement also shows Allete investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Allete Income Statement Chart
Add Fundamental
Total Revenue
Total revenue comprises all receipts Allete Inc generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Allete Inc minus its cost of goods sold. It is profit before Allete operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Operating Income
Operating Income is the amount of profit realized from Allete Inc operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Allete Inc is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Allete Inc whose combined shares represent less than 50% of the total outstanding shares issued by Allete have a minority interest in Allete.Most accounts from Allete's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Allete Inc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allete Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. At present, Allete's Operating Income is projected to decrease significantly based on the last few years of reporting. The current year's Net Income is expected to grow to about 259.5 M, whereas Gross Profit is forecasted to decline to about 458.4 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 453.5M | 446.8M | 489.9M | 458.4M | Total Revenue | 1.4B | 1.6B | 1.9B | 1.1B |
Allete income statement Correlations
Click cells to compare fundamentals
Allete Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Allete income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Revenue | 1.2B | 1.2B | 1.4B | 1.6B | 1.9B | 1.1B | |
| Gross Profit | 435.1M | 424.8M | 453.5M | 446.8M | 489.9M | 458.4M | |
| Operating Income | 179.8M | 150.9M | 151.3M | 134.2M | 180.9M | 190.7M | |
| Ebit | 179.8M | 187.7M | 180M | 175.3M | 287.6M | 197.9M | |
| Ebitda | 429.4M | 405.5M | 411.7M | 417.5M | 539.4M | 270.5M | |
| Net Income | 185.6M | 174.2M | 169.2M | 131.3M | 247.1M | 259.5M | |
| Income Tax Expense | (6.6M) | (39.5M) | (26.9M) | (31.2M) | 27.9M | 29.3M | |
| Depreciation And Amortization | 249.6M | 217.8M | 231.7M | 242.2M | 251.8M | 129.7M | |
| Selling General Administrative | 53.3M | 308.1M | 329.7M | 389.3M | 447.7M | 470.1M | |
| Other Operating Expenses | 1.1B | 1.0B | 1.3B | 1.4B | 1.7B | 1.1B | |
| Cost Of Revenue | 805.4M | 744.3M | 965.7M | 1.1B | 1.4B | 1.5B | |
| Total Operating Expenses | 255.3M | 273.9M | 302.2M | 312.6M | 309M | 347.4M | |
| Income Before Tax | 178.9M | 122.1M | 110.9M | 100.1M | 206.8M | 151.2M | |
| Total Other Income Expense Net | (900K) | (28.8M) | (40.4M) | (34.1M) | 25.9M | 27.2M | |
| Net Income Applicable To Common Shares | 185.6M | 174.2M | 169.2M | 189.3M | 217.7M | 132.0M | |
| Minority Interest | (100K) | (12.6M) | (31.4M) | (58M) | 68.2M | 71.6M | |
| Net Income From Continuing Ops | 185.5M | 161.6M | 137.8M | 131.3M | 178.9M | 152.0M | |
| Non Operating Income Net Other | 64M | 36.8M | 28.7M | 41.1M | 47.3M | 33.2M | |
| Tax Provision | (6.6M) | (39.5M) | (26.9M) | (31.2M) | 27.9M | 29.3M | |
| Net Interest Income | (60.5M) | (64M) | (66.8M) | (75.2M) | (70.5M) | (74.0M) | |
| Interest Income | 4.4M | 1.6M | 2.3M | 56.5M | 10.3M | 9.8M | |
| Reconciled Depreciation | 213.6M | 228.1M | 241.5M | 250.3M | 258.8M | 249.1M |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Allete Inc is a strong investment it is important to analyze Allete's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Allete's future performance. For an informed investment choice regarding Allete Stock, refer to the following important reports:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allete Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Is Electric Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Allete. If investors know Allete will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Allete listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.48) | Dividend Share 2.793 | Earnings Share 3.12 | Revenue Per Share 27.217 | Quarterly Revenue Growth 0.075 |
The market value of Allete Inc is measured differently than its book value, which is the value of Allete that is recorded on the company's balance sheet. Investors also form their own opinion of Allete's value that differs from its market value or its book value, called intrinsic value, which is Allete's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Allete's market value can be influenced by many factors that don't directly affect Allete's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Allete's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allete is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allete's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.