Avista Corporation (AVA) Financial Statements (2024 and earlier)

Company Profile

Business Address 1411 E MISSION AVE
SPOKANE, WA 99202
State of Incorp. WA
Fiscal Year End December 31
Industry (SIC) 4931 - Electric and Other Services Combined (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments132214101516
Cash and cash equivalents132214101516
Receivables256203164167166186
Inventory, net of allowances, customer advances and progress billings1088567676458
Inventory1088567676458
Regulatory asset19444142249 
Other current assets1518185405452
Other undisclosed current assets      25
Total current assets:722434344305347338
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization40444751
Operating lease, right-of-use asset68707270
Property, plant and equipment7,7267,3726,9866,6286,3716,011
Long-term investments and receivables3026262623 
Long-term investments1212121212 
Accounts and financing receivable, after allowance for credit loss1815141411 
Intangible assets, net (including goodwill)5252525258 
Goodwill5252525258 
Regulated entity, other noncurrent assets833861750671614625
Deferred costs810998 
Other noncurrent assets1520272323153
Other undisclosed noncurrent assets(2,077)(2,035)(1,912)(1,753)(1,661)(1,612)
Total noncurrent assets:6,6966,4196,0585,7775,4365,177
TOTAL ASSETS:7,4176,8546,4026,0825,7835,515
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities203133107110108169
Interest and dividends payable    16
Taxes payable    34
Employee-related liabilities    12
Accounts payable203133107110108107
Debt477534203238298383
Derivative instruments and hedges, liabilities      34
Regulatory liability96774652113 
Other liabilities18916915013112065
Other undisclosed current liabilities      46
Total current liabilities:965913506531640698
Noncurrent Liabilities
Long-term debt and lease obligation, including: 2,2811,8982,0091,8441,7561,492
Long-term debt, excluding current maturities 2,2811,8982,009(32)(32)(32)
Finance lease, liability    52
Other undisclosed long-term debt and lease obligation    1,7591,7881,524
Liabilities, other than long-term debt1,8371,8871,8581,1891,562815
Deferred tax liabilities, net488467
Deferred income tax liabilities675643595 
Liability, pension and other postretirement and postemployment benefits94153212212223204
Regulatory liability841862785775781 
Due to related parties525252   
Other liabilities17617821520171144
Operating lease, liability    66
Derivative instruments and hedges, liabilities      2
Other undisclosed noncurrent liabilities   58052780
Total noncurrent liabilities:4,1183,7863,8663,6123,3693,087
Total liabilities:5,0834,6994,3724,1434,0093,784
Equity
Equity, attributable to parent2,3352,1552,0301,9391,7731,730
Common stock1,5251,3801,2861,2111,1361,133
Accumulated other comprehensive loss(2)(11)(14)(10)(8)(8)
Retained earnings812786758739645604
Equity, attributable to noncontrolling interest     11
Total equity:2,3352,1552,0301,9391,7741,730
TOTAL LIABILITIES AND EQUITY:7,4176,8546,4026,0825,7835,515

Income Statement (P&L) ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,7101,4391,3221,3461,3971,446
Revenue, net1,446
Cost of revenue(1,512)(1,190)(1,065)(1,091)(1,093)(1,072)
Gross profit:198249257255304374
Operating expenses(8)(21)(24)(44)(43)(89)
Operating income:190228233210261285
Nonoperating income6637919210
Public utilities, allowance for funds used during construction, additions444443
Other nonoperating income (expense)6333515(1)7
Interest and debt expense(1)(0)(1)(103)(100)(95)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (104)102(1)(1)
Income from continuing operations before equity method investments, income taxes:256265137228163199
Other undisclosed loss from continuing operations before income taxes(118)(106)    
Income from continuing operations before income taxes:138159137228163199
Income tax expense (benefit)17(12)(7)(31)(26)(83)
Income from continuing operations:155147129197137116
Income before gain (loss) on sale of properties:147129197137116
Net income:155147129197137116
Other undisclosed net income (loss) attributable to parent    0(0)(0)
Net income available to common stockholders, diluted:155147129197136116

Comprehensive Income ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:155147129197137116
Other comprehensive income (loss)93(4)(2)2(1)
Comprehensive income:164151125194139115
Comprehensive income (loss), net of tax, attributable to noncontrolling interest    0(0)(0)
Comprehensive income, net of tax, attributable to parent:164151125195138115

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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