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 parts 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 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
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
03/20163.000.52018.69
12/20152.920.52017.41
09/20153.280.50515.39

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity0.12Total Liab/Total Assets0.61
Net Inc/Total Assets0.03Total Liab/Inv Cap0.70
Net Inc/Inv Cap0.04Total Liab/Comm Equity2.33
Pretax Inc/Net Sales0.13Interest Coverage Ratio3.50
Net Inc/Net Sales0.12Curr Debt/Equity0.10
Cash Flow/Net Sales0.25LTD/Equity0.72
SG&A/NetSales0.03Total Debt/Equity0.82
Asset Utilization   Liquidity  
Net Receivables Turnover10.99Quick Ratio0.48
Inventory Turnover7.92Current Ratio0.74
Inventory Day Sales0.02Net Rec/Curr Assets0.42
Net Sales/Work Cap-12.76Inv/Curr Assets0.35
Net Sales/PP&E0.36  

Income Statement (Millions)

  6/30/2017 3/31/2017 12/31/2016 9/30/2016
Total Revenues(Net Sales) 353.30 365.60 341.50 349.60
Cost of Goods Sold 234.00 228.10 227.40 234.80
Selling & Admin Exps 14.20 14.40 2.90 12.50
Operating Income 55.00 72.60 61.10 53.40
Interest Exp 16.70 17.20 17.30 18.70
Pretax Income 44.20 62.10 48.40 42.00
Other Income 0.60 0.60 1.10 1.20
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 36.90 49.00 44.30 40.30

Balance Sheet (Millions)

Assets 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Cash & Short Term Investments 84.20 81.80 27.50 107.20
Receivables - Total 120.10 122.80 122.50 108.10
Inventories - Total 103.40 110.50 104.20 107.40
Total Current Assets 346.50 360.60 294.50 361.60
Net Property, Plant & Equipment 3,745.60 3,745.30 3,741.20 3,644.50
Total Assets 4,931.50 4,941.90 4,906.40 4,874.80
Liabilities        
Accounts Payable 117.60 130.10 138.10 124.10
Debt in Current Liabilities 117.70 163.90 187.70 186.60
Total Current Liabilities 305.40 364.60 399.50 404.30
Long-Term Debt 1,401.40 1,370.20 1,370.40 1,358.90
Total Liabilities 2,914.50 2,940.40 3,013.40 3,001.80
Stockholder's Equity        
Minority Interest NA NA 0.00 0.00
Preferred Stock NA NA NA NA
Common Stock 1,386.50 1,381.20 1,295.30 1,289.40
Retained Earnings 657.80 648.00 625.90 607.30
Treasury Stock NA NA NA NA
Total Stockholders' Equity 2,017.00 2,001.50 1,893.00 1,873.00
Total Liabilities and Stockholders' Equity 4,931.50 4,941.90 4,906.40 4,874.80

Cash Flow Summary (Millions)

Categories 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Net Cash Provided by Operating Activities 85.70 98.70 94.20 91.60
Net Cash Provided by Investing Activities -43.60 -41.10 -155.50 -46.80
Net Cash Provided by Financing Activities -39.70 -3.30 -18.40 -29.50

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2012961.2097.102.58
12/20131,018.40104.702.63
12/20141,136.80124.802.90
12/20151,486.40141.102.92
12/20161,339.70155.303.15
Growth Rates8.6512.465.12

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/1729236,89972.41




Report Date : 10/16/2017

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