Company research
IPALCO ENTERPRISES, INC.
CIK 728391Updated Sep 27, 2026
Name history
IPALCO ENTERPRISES INC · through May 12, 2004
Filing activity
Latest filing
50 filings on record · 8-K, 10-Q, 10-K/A, 10-K, EFFECT, 424B3.
Recent filings
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02, 9.01
10-Q filing
Changes in Registrant's Certifying Accountant
Items 4.01
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
Other Events
Items 8.01
Show 5 more recent filings
10-Q filing
10-K/A filing
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
10-K filing
Financials
FY 2025 · USDSource
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 7,757,177,000Source | 7,139,025,000Source | 6,181,523,000Source | 5,589,214,000Source |
| Property, Plant and Equipment, NetUSD | 6,019,436,000Source | 5,461,243,000Source | 4,486,902,000Source | 4,033,331,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 285,960,000Source | 232,210,000Source | 235,656,000Source | 138,978,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 69,834,000Source | 26,647,000Source | 28,579,000Source | 201,548,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 296,216,000Source | 313,078,000Source | 233,921,000Source | 216,523,000Source |
| Inventory, NetUSD | 73,783,000Source | 99,935,000Source | 143,590,000Source | 123,608,000Source |
| Assets, CurrentUSD | 568,565,000Source | 609,476,000Source | 574,030,000Source | 706,829,000Source |
| Other Assets, NoncurrentUSD | 7,188,612,000Source | 6,529,549,000Source | 1,120,591,000Source | 849,054,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 5,759,610,000Source | 5,747,914,000Source | 5,051,801,000Source | 4,498,696,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 0Source | 0Source | — | — |
| Additional Paid in CapitalUSD | 1,808,143,000Source | 1,247,090,000Source | 1,021,992,000Source | 1,068,357,000Source |
| Retained Earnings (Accumulated Deficit)USD | 3,068,000Source | 2,067,000Source | 25,182,000Source | -108,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 33,641,000Source | 35,378,000Source | 29,294,000Source | 22,269,000Source |
| Stockholders' Equity Attributable to ParentUSD | 1,844,852,000Source | 1,284,535,000Source | 1,076,468,000Source | — |
| Liabilities and EquityUSD | 7,757,177,000Source | 7,139,025,000Source | 6,181,523,000Source | 5,589,214,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 580,027,000Source | 962,916,000Source | 1,328,455,000Source | 323,225,000Source |
| Accounts Payable, CurrentUSD | 278,886,000Source | 271,235,000Source | 292,851,000Source | 189,845,000Source |
| Deferred Income Tax Liabilities, NetUSD | 455,941,000Source | 380,758,000Source | 361,488,000Source | 312,641,000Source |
| Other Liabilities, NoncurrentUSD | 8,403,000Source | 8,499,000Source | 5,130,000Source | 11,621,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 152,715,000Source | 68,431,000Source | 53,254,000Source | — |
| Additional Financial Items | ||||
| Long-term Debt, Excluding Current MaturitiesUSD | — | — | — | 3,000,450,000Source |
| Long-term Debt, Current MaturitiesUSD | 89,902,000Source | 39,910,000Source | 445,000,000Source | 0Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 3,813,475,000Source | 3,555,718,000Source | 2,558,420,000Source | 3,000,450,000Source |
| Redeemable Noncontrolling Interest, Equity, Common, Carrying AmountUSD | 0Source | — | — | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 87,119,000Source | — | — | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 366,565,000Source | 329,468,000Source | 287,863,000Source | 266,504,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 8,007,000Source | 54,523,000Source | 17,398,000Source | 37,387,000Source |
| Increase (Decrease) in InventoriesUSD | -18,441,000Source | -24,285,000Source | 30,171,000Source | 47,489,000Source |
| Increase (Decrease) in Accounts PayableUSD | 16,400,000Source | -52,951,000Source | 46,993,000Source | 32,038,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 723,419,000Source | 239,927,000Source | 391,933,000Source | — |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | -77,640,000Source | -48,368,000Source | — | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -870,776,000Source | -1,026,057,000Source | -992,873,000Source | — |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | 0Source | -1,559,000Source | 361,000Source | 719,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 190,544,000Source | 784,198,000Source | 427,971,000Source | — |
| Payments of Ordinary Dividends, Common StockUSD | 325,715,000Source | 156,638,000Source | 104,287,000Source | 101,986,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | -438,000Source | -20,000Source | -313,000Source | -35,000Source |
| Repayments of Long-term DebtUSD | 40,000,000Source | 445,000,000Source | 0Source | 0Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 69,839,000Source | 26,652,000Source | 28,584,000Source | 201,553,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 165,833,000Source | 155,612,000Source | 129,113,000Source | 115,277,000Source |
| Income Taxes Paid, NetUSD | 36,500,000Source | 0Source | 0Source | 31,000,000Source |
| Additional Financial Items | ||||
| Amortization of Debt Issuance Costs and DiscountsUSD | 3,671,000Source | 3,567,000Source | 3,880,000Source | 3,914,000Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | 17,671,000Source | 16,266,000Source | 13,102,000Source | 8,081,000Source |
| Capitalized Computer Software, AmortizationUSD | — | — | — | 10,100,000Source |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to SettlementUSD | — | 0Source | 0Source | -199,000Source |
| DepreciationUSD | 307,400,000Source | 268,600,000Source | 244,800,000Source | 247,500,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | -237,000Source |
| Income Tax Expense (Benefit)USD | 103,133,000Source | 28,364,000Source | 14,715,000Source | 21,859,000Source |
| Inventory Write-downUSD | — | — | 700,000Source | 2,100,000Source |
| Net Income (Loss) Attributable to ParentUSD | 87,119,000Source | 105,229,000Source | 57,027,000Source | 96,626,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -236,241,000Source | -28,294,000Source | -26,093,000Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 323,360,000Source | 133,523,000Source | 83,120,000Source | 93,117,000Source |
| Nonoperating Income (Expense)USD | -175,533,000Source | -169,322,000Source | -134,021,000Source | -114,665,000Source |
| Operating ExpensesUSD | 1,567,295,000Source | 1,340,878,000Source | 1,444,154,000Source | 1,558,561,000Source |
| Operating Lease, Lease IncomeUSD | 1,478,000Source | 1,452,000Source | 1,537,000Source | 1,134,000Source |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of TaxUSD | — | -542,000Source | 5,431,000Source | 5,431,000Source |
| Other Nonoperating Income (Expense)USD | -1,770,000Source | -1,163,000Source | -410,000Source | 12,020,000Source |
| Other Operating Income (Expense), NetUSD | 164,000Source | 106,000Source | 361,000Source | 3,201,000Source |
| Payments of Financing CostsUSD | 5,659,000Source | 14,263,000Source | 350,000Source | 4,309,000Source |
| Pension Cost (Reversal of Cost)USD | 67,100,000Source | 37,200,000Source | 73,300,000Source | — |
| Proceeds from Contributed CapitalUSD | 564,300,000Source | 225,000,000Source | 0Source | 253,000,000Source |
| Proceeds from Contributions from ParentUSD | 564,300,000Source | — | — | — |
| Proceeds from Noncontrolling InterestsUSD | — | 46,935,000Source | 79,347,000Source | — |
| Proceeds from (Payments to) Noncontrolling InterestsUSD | 291,427,000Source | 84,142,000Source | 77,921,000Source | — |
| Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of EquityUSD | 2,547,000Source | 3,991,000Source | 9,315,000Source | 4,784,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 1,903,820,000Source | 1,616,000,000Source | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | — | — | 1,616,500,000Source | 1,760,000,000Source |
| Operating Income (Loss)USD | 365,785,000Source | 302,915,000Source | 205,763,000Source | 233,150,000Source |
| Other Nonoperating Income (Expense)USD | -1,770,000Source | -1,163,000Source | -410,000Source | 12,020,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 190,252,000Source | 133,593,000Source | 71,742,000Source | 118,485,000Source |
| Income Tax Expense (Benefit)USD | 103,133,000Source | 28,364,000Source | 14,715,000Source | 21,859,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -236,241,000Source | -28,294,000Source | -26,093,000Source | — |
| Net Income (Loss) Attributable to ParentUSD | 87,119,000Source | 105,229,000Source | 57,027,000Source | 96,626,000Source |
| Additional Financial Items | ||||
| Capitalized Computer Software, AmortizationUSD | — | — | — | 10,100,000Source |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to SettlementUSD | — | 0Source | 0Source | -199,000Source |
| Fuel CostsUSD | 476,516,000Source | 359,132,000Source | 494,000,000Source | 568,676,000Source |
| Interest ExpenseUSD | 176,310,000Source | 172,150,000Source | 142,926,000Source | 131,232,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 323,360,000Source | 133,523,000Source | 83,120,000Source | 93,117,000Source |
| Nonoperating Income (Expense)USD | -175,533,000Source | -169,322,000Source | -134,021,000Source | -114,665,000Source |
| Operating ExpensesUSD | 1,567,295,000Source | 1,340,878,000Source | 1,444,154,000Source | 1,558,561,000Source |
| Operating Lease, Lease IncomeUSD | 1,478,000Source | 1,452,000Source | 1,537,000Source | 1,134,000Source |
| Other Operating Income (Expense), NetUSD | 164,000Source | 106,000Source | 361,000Source | 3,201,000Source |
| Preferred Stock Dividends, Income Statement ImpactUSD | — | 0Source | 0Source | 3,509,000Source |
| Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of EquityUSD | 2,547,000Source | 3,991,000Source | 9,315,000Source | 4,784,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 1,903,820,000Source | 1,616,000,000Source | — | — |
| Taxes, MiscellaneousUSD | 26,516,000Source | 27,478,000Source | 24,864,000Source | 33,048,000Source |