Company profile

Incorporated in
Fiscal year end
Industry (SEC)
Former names
Ipalco Enterprises Inc


7 May 20
8 Jul 20
31 Dec 20


Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 357.38M 360.01M 398.46M 340.87M
Net income 35.98M 27.19M 48.51M 14.91M
Net profit margin 10.07% 7.55% 12.17% 4.37%
Operating income 74.77M 66.46M 94.11M 51.39M
Net change in cash 0 -5.8M 2.6M 3.7M
Cash on hand 6M 6M 11.8M 9.2M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 1.48B 1.45B 1.35B 1.35B
Net income 132.39M 134.03M 108.79M 131.06M
Net profit margin 8.94% 9.24% 8.06% 9.73%
Operating income 296.75M 236.36M 239.2M 261.83M
Net change in cash -400K -11.9M 10M 6.6M
Cash on hand 6M 6.4M 18.3M 8.3M

Financial data from company earnings reports

Financial report summary

  • We may not always be able to recover our costs to deliver electricity to our retail customers. The costs we can recover and the return on capital we are permitted to earn for certain aspects of our business are regulated and governed by the laws of Indiana and the rules, policies and procedures of the IURC.
  • We may be negatively affected by a lack of growth or a decline in the number of customers or in customer usage.
  • The availability and cost of fuel and other commodities have experienced and could continue to experience significant volatility and we may not be able to hedge the entire exposure of our operations from availability and price volatility. In addition, a significant amount of our electricity is generated by coal and a substantial amount of our coal supply comes from one supplier.
  • Catastrophic events could adversely affect our facilities, systems and operations.
  • We are subject to numerous environmental laws, rules and regulations that require capital expenditures, increase our cost of operations, may expose us to environmental liabilities or make continued operation of certain generating units unprofitable.
  • The use of non-derivative and derivative instruments in the normal course of business could result in losses that could negatively impact our results of operations, financial position and cash flows.
  • The Dodd-Frank Act contains significant requirements related to derivatives that, among other things, could reduce the cost effectiveness of entering into derivative transactions.
  • Our business is sensitive to weather and seasonal variations.
  • Our membership in a regional transmission organization presents risks that could have a material adverse effect on our results of operations, financial condition and cash flows.
  • If we were found not to be in compliance with the mandatory reliability standards, we could be subject to sanctions, including substantial monetary penalties, which likely would not be recoverable from customers through regulated rates.
  • We rely on access to the financial markets. General economic conditions and disruptions in the financial markets could adversely affect our ability to raise capital on favorable terms or at all, and cause increases in our interest expense.
  • Our transmission and distribution system is subject to operational, reliability and capacity risks.
  • The level of our indebtedness, and the security provided for this indebtedness, could adversely affect our financial flexibility.
  • Accidental improprieties and undetected errors in our internal controls and information reporting could result in the disallowance of cost recovery, noncompliant disclosure or incorrect payment processing.
  • New accounting standards or changes to existing accounting standards could materially affect how we report our results of operations, financial condition and cash flows.
  • We are subject to extensive laws and local, state and federal regulation, as well as litigation and other proceedings that could affect our operations and costs.
  • If we are unable to maintain a qualified and properly motivated workforce, it could have a material adverse effect on our results of operations, financial condition and cash flows.
  • Potential security breaches (including cyber-security breaches) and terrorism risks could adversely affect our businesses.
  • IPALCO is a holding company and parent of IPL and other subsidiaries. IPALCO’s cash flow is dependent on operating cash flows of IPL and its ability to pay cash to IPALCO.
  • Tax legislation initiatives or challenges to our tax positions could adversely affect our results of operations and financial condition.
  • Our ownership by AES subjects us to potential risks that are beyond our control.
Management Discussion
  • The electric utility business is affected by seasonal weather patterns throughout the year and, therefore, operating revenues and associated expenses are not generated evenly by month during the year. 
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