Avangrid Inc. (AGR) Financial Statements (2025 and earlier)

Company Profile

Business Address 180 MARSH HILL ROAD
ORANGE, CT 06477
State of Incorp.
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

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments136691,4741,76317836
Cash and cash equivalents91691,4741,46317836
Short-term investments45  300  
Receivables1,2801,7451,2801,1991,0921,148
Inventory, net of allowances, customer advances and progress billings310235204169141126
Inventory310235204169141126
Prepaid expense746858413443
Deferred costs18526813993110109
Derivative instruments and hedges, assets686035181116
Regulatory asset718447400310294299
Other current assets 16611766
Other undisclosed current assets617312186167159180
Total current assets:3,4043,2103,7773,7772,0251,963
Noncurrent Assets
Operating lease, right-of-use asset19515914815370✕
Property, plant and equipment32,85730,99428,86626,75125,21823,459
Long-term investments and receivables764486621736708424
Long-term investments764486621736708424
Intangible assets, net (including goodwill)3,403  3,4243,4333,450
Goodwill3,119  3,1193,1193,127
Intangible assets, net (excluding goodwill)284  305314323
Derivative instruments and hedges162  798463
Regulated entity, other noncurrent assets2,8112,3212,2472,5722,5672,640
Other noncurrent assets3933,9533,845331311162
Other undisclosed noncurrent assets      6
Total noncurrent assets:40,58537,91335,72734,04632,39130,204
TOTAL ASSETS:43,98941,12339,50437,82334,41632,167
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,9242,0071,5861,4531,3611,132
Interest and dividends payable✕✕✕239206208198
Taxes payable✕✕✕43735659
Employee-related liabilities✕✕✕1321149486
Accrued liabilities530455    
Other undisclosed accounts payable and accrued liabilities1,3941,5521,1721,0601,003789
Deferred revenue183316  ✕
Debt1,944809372307560983
Derivative instruments and hedges, liabilities6413364172044
Regulatory liability261354307274242205
Other liabilities662593484368334327
Due to related parties✕✕4163506458
Contract with customer, liability✕✕✕✕✕✕9
Other undisclosed current liabilities3664464376001,006246
Total current liabilities:5,2394,4163,3293,0693,5873,004
Noncurrent Liabilities
Long-term debt and lease obligation, including: 9,9848,2157,9227,4786,7165,368
Long-term debt, excluding current maturities   7,9227,4786,7165,368
Finance lease, liability 5380919154✕
Other undisclosed long-term debt and lease obligation 9,9318,135(91)(91)(119) 
Liabilities, other than long-term debt, including:8,0908,1508,29211,4505,2465,169
Deferred revenue     1,274✕
Contract with customer, liability✕✕✕✕✕✕1,385
Asset retirement obligations     190217
Deferred tax liabilities, net✕✕✕✕✕✕1,530
Deferred income tax liabilities     1,814✕
Liability, pension and other postretirement and postemployment benefits     1,1001,102
Accrued environmental loss contingencies     338339
Regulatory liability2,6942,9153,0223,137  
Due to related parties✕✕8 3,000  
Other liabilities5,3965,2275,2705,313380499
Operating lease, liability     65✕
Derivative instruments and hedges, liabilities     8597
Other undisclosed liabilities, other than long-term debt     65 
Other undisclosed noncurrent liabilities    3,2813,223
Total noncurrent liabilities:18,07416,36516,21418,92815,24313,760
Total liabilities:23,31320,78119,54321,99718,83016,764
Equity
Equity, attributable to parent19,64819,38019,07615,20915,23715,104
Common stock433333
Treasury stock, value(47)(47)(47)(14)(12)(12)
Additional paid in capital17,70117,69417,67913,66513,66013,657
Accumulated other comprehensive income (loss)(25)(180)(273)(111)(95)(72)
Retained earnings2,0151,9101,7141,6661,6811,528
Equity, attributable to noncontrolling interest1,028962885617349299
Total equity:20,67620,34219,96115,82615,58615,403
TOTAL LIABILITIES AND EQUITY:43,98941,12339,50437,82334,41632,167

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

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues8,3097,9236,9746,3206,3386,478
Gross profit:8,3097,9236,9746,3206,3386,478
Other undisclosed operating loss(7,379)(7,071)(6,079)(5,451)(5,335)(5,351)
Operating income:9308528958691,0031,127
Nonoperating income (expense)129306018119(66)
Net periodic defined benefits expense (reversal of expense), excluding service cost component 22(58)(37)(62)(79) 
Other nonoperating income (expense)89(8)(24)(17)(66)
Interest and debt expense(409)(303)(298)(316)(306)(303)
Income from continuing operations before equity method investments, income taxes:650579657571816758
Income (loss) from equity method investments62627(3)310
Income from continuing operations before income taxes:656841664568819768
Income tax expense (benefit)9(20)(21)(29)(143)(170)
Income from continuing operations:665821643539676598
Income before gain (loss) on sale of properties:✕✕✕643539676598
Net income:665821643539676598
Net income (loss) attributable to noncontrolling interest12160644224(3)
Net income available to common stockholders, diluted:786881707581700595

Comprehensive Income ($ in millions)
Annual | Quarterly

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:665821643539676598
Other comprehensive income (loss)15593(162)(16)(11)(25)
Comprehensive income:820914481523665573
Comprehensive income (loss), net of tax, attributable to noncontrolling interest12160644224(3)
Comprehensive income, net of tax, attributable to parent:941974545565689570

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: