IPALCO ENTERPRISES, INC. Financial Statements (2026 and earlier)

Company Profile

Business Address ONE MONUMENT CIRCLE
INDIANAPOLIS, IN 46204
State of Incorp. IN
Fiscal Year End December 31
Industry (SIC) 4911 - Electric Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments702729202721
Cash and cash equivalent702729202721
Receivables314322270235195190
Inventory, net of allowances, customer advances and progress billings7410014412410296
Inventory7410014412410296
Derivative instruments and hedges, assets  216   
Regulatory asset82134891206445
Other current assets282526274018
Other undisclosed current assets    06
Total current assets:569609574707407375
Noncurrent Assets
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization 6,0195,4614,4874,0333,958 
Intangible asset, including goodwill, after accumulated amortization     59
Intangible asset, excluding goodwill, after accumulated amortization     59
Regulated entity, other noncurrent assets      393
Other noncurrent assets7,1896,5301,12184987447
Other undisclosed noncurrent assets(6,019)(5,461)    
Total noncurrent assets:7,1896,5305,6074,8824,832499
Other undisclosed assets      4,096
TOTAL ASSETS:7,7577,1396,1825,5895,2404,970
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities355341349246236185
Interest and dividends payable✕✕✕✕✕3132
Taxes payable✕✕✕✕✕2627
Accounts payable279271293190180127
Accrued liabilities76705656  
Deferred revenue      
Debt90540899 61170
Regulatory liability32122323430
Asset retirement obligation      
Other undisclosed current liabilities1027057544747
Total current liabilities:5809631,328323349433
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,9213,6432,5773,0172,6722,556
Long-term debt, excluding current maturities3,8133,5562,5583,0002,6522,556
Finance lease, liability10787181619 
Other undisclosed long-term debt and lease obligation 0 1(0)0 
Liabilities, other than long-term debt1,2591,1421,1471,1591,0741,117
Asset retirement obligations532346250219190195
Deferred income tax liabilities456381361313  
Liability, pension and other postretirement and postemployment benefits333345
Regulatory liability259404527613827839
Other liabilities88512514
Derivative instruments and hedges, liabilities     4963
Other undisclosed noncurrent liabilities     291283
Total noncurrent liabilities:5,1804,7853,7234,1754,0373,956
Total liabilities:5,7605,7485,0524,4994,3854,389
Temporary equity, including noncontrolling interest  38    
Equity
Equity, attributable to parent, including:1,8451,2851,0761,091854581
Additional paid in capital1,8081,2471,0221,068849589
Accumulated other comprehensive income (loss)34352922(29)(43)
Retained earnings (accumulated deficit)3225(0)(25)(25)
Other undisclosed equity, attributable to parent     6060
Equity, attributable to noncontrolling interest1536853   
Other undisclosed equity     (60)(60)
Total equity:1,9981,3531,1301,091795521
Other undisclosed liabilities and equity     6060
TOTAL LIABILITIES AND EQUITY:7,7577,1396,1825,5895,2404,970

Income Statement (P&L) ($ in millions)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues1,9331,6441,6501,7921,4261,353
Cost of revenue(477)(359)(1)(2)(1)(247)
Cost of product and service sold(477)(359)(1)(2)(1)(247)
Gross profit:1,4571,2851,6491,7901,4251,106
Operating expenses(1,567)(1,341)(1,444)(1,559)(1,175)(1,090)
Other undisclosed operating income477359121247
Operating income:366303206233251263
Nonoperating expense(176)(169)(134)(115)(103)(124)
Other nonoperating income (expense)(2)(1)(0)12183
Interest and debt expense(3)(2)(143)(0)(126)(2)
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Income (loss) from continuing operations before equity method investments, income taxes:187132(71)11822136
Other undisclosed income from continuing operations before income taxes3214301262
Income from continuing operations before income taxes:19013472118148139
Income tax expense(103)(28)(15)(22)(29)(29)
Income from continuing operations:871055797119110
Income before gain (loss) on sale of properties:✕✕✕✕✕119110
Net income:871055797119110
Net income attributable to noncontrolling interest236     
Other undisclosed net loss attributable to parent(236)     
Net income attributable to parent:871055797119110
Preferred stock dividends and other adjustments    (4)(3)(3)
Other undisclosed net income available to common stockholders, basic2362826   
Net income available to common stockholders, diluted:3231348393116107

Comprehensive Income ($ in millions)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income:871055797119110
Other comprehensive income (loss)(2)675214(24)
Other undisclosed comprehensive income (loss)2362826(4)(3)(3)
Comprehensive income:3221409014513083
Comprehensive loss, net of tax, attributable to noncontrolling interest(323)(134)(83)(97)  
Comprehensive income (loss), net of tax, attributable to parent:(2)674813083

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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