Company Information

  

Address: 30 W SUPERIOR ST  
City: DULUTH 
State: MN 
Zip Code: 55802-2093 
Telephone: 218-279-5000 

Description of Business

Primary SIC Code: 4931
(As filed with the SEC)  

Regulated Operations includes our regulated utilities, Minnesota Power and SWL&P, as well as our investment in ATC, a Wisconsin-based regulated utility that owns and maintains electric transmission assets in portions of Wisconsin, Michigan, Minnesota and Illinois. Minnesota Power provides regulated utility electric service in northeastern Minnesota to approximately 145,000 retail customers. Minnesota Power also has 16 non-affiliated municipal customers in Minnesota. SWL&P is a Wisconsin utility and a wholesale customer of Minnesota Power. SWL&P provides regulated utility electric, natural gas and water service in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers and 10,000 water customers. Our regulated utility operations include retail and wholesale activities under the jurisdiction of state and federal regulatory authorities. (See Note 4. Regulatory Matters.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/20184.380.56016.50
12/20173.380.53522.00
09/20173.47NA22.27
06/20174.550.53515.75
03/20174.150.53516.32
12/20163.150.53520.38
09/20162.620.52022.76
06/20163.050.52021.19

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.12Total Liab/Total Assets0.59
Net Inc/Total Assets0.03Total Liab/Inv Cap0.65
Net Inc/Inv Cap0.04Total Liab/Comm Equity2.15
Pretax Inc/Net Sales0.13Interest Coverage Ratio3.76
Net Inc/Net Sales0.12Curr Debt/Equity0.03
Cash Flow/Net Sales0.28LTD/Equity0.70
SG&A/NetSales0.04Total Debt/Equity0.73
Asset Utilization   Liquidity  
Net Receivables Turnover11.02Quick Ratio0.77
Inventory Turnover9.55Current Ratio1.05
Inventory Day Sales0.03Net Rec/Curr Assets0.37
Net Sales/Work Cap87.07Inv/Curr Assets0.26
Net Sales/PP&E0.37  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 358.20 337.90 362.50 353.30
Cost of Goods Sold 238.70 265.20 228.50 233.00
Selling & Admin Exps 16.30 13.50 14.10 14.20
Operating Income 57.40 33.20 69.00 56.00
Interest Exp 16.90 17.30 16.60 16.70
Pretax Income 47.30 21.50 59.10 44.20
Other Income 2.10 0.40 0.80 -0.40
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 51.00 41.40 44.90 36.90

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 98.50 98.90 104.40 84.20
Receivables - Total 128.20 135.10 136.70 120.10
Inventories - Total 143.10 95.90 102.60 103.40
Total Current Assets 403.60 367.50 387.90 346.50
Net Property, Plant & Equipment 3,786.10 3,822.40 3,746.30 3,745.60
Total Assets 5,072.10 5,080.00 4,978.50 4,931.50
Liabilities        
Accounts Payable 163.20 203.90 141.70 117.60
Debt in Current Liabilities 106.20 64.10 64.10 117.70
Total Current Liabilities 399.60 351.20 290.50 305.40
Long-Term Debt 1,396.50 1,439.20 1,444.60 1,401.40
Total Liabilities 2,974.80 3,011.80 2,935.80 2,914.50
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA NA
Common Stock 1,407.40 1,401.40 1,394.30 1,386.50
Retained Earnings 717.80 689.40 675.30 657.80
Treasury Stock NA NA NA NA
Total Stockholders' Equity 2,097.30 2,068.20 2,042.70 2,017.00
Total Liabilities and Stockholders' Equity 5,072.10 5,080.00 4,978.50 4,931.50

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities 121.30 95.70 122.80 85.70
Net Cash Provided by Investing Activities -89.00 -77.30 -67.00 -43.60
Net Cash Provided by Financing Activities -26.50 -23.90 -35.60 -46.60

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/20131,018.40104.702.63
12/20141,136.80124.802.90
12/20151,486.40141.102.92
12/20161,339.70155.303.15
12/20171,419.30172.203.38
Growth Rates8.6513.256.47

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/1833038,07874.27




Report Date : 7/16/2018

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