Avista Corporation (AVA) financial statements (2023 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2214101516910
Cash and cash equivalents2214101516910
Receivables203164167166186229194
Inventory, net of allowances, customer advances and progress billings85676764585354
Inventory85676764585354
Derivative instruments and hedges, assets      1
Regulatory current assets44142249   
Other current assets81854054525030
Other undisclosed current assets    251117
Total current assets:434344305347338351306
Noncurrent Assets
Finance lease, right-of-use asset444751✕✕✕✕
Operating lease, right-of-use asset707270✕✕✕✕
Property, plant and equipment7,3726,9866,6286,3716,0115,6575,332
Long-term investments and receivables26262623   
Long-term investments12121212   
Accounts and financing receivable, after allowance for credit loss15141411   
Intangible assets, net (including goodwill)52525258   
Goodwill52525258   
Regulated entity, other noncurrent assets861750671614625669558
Deferred costs10998   
Other noncurrent assets20272323153141144
Other undisclosed noncurrent assets(2,035)(1,912)(1,753)(1,661)(1,612)(1,509)(1,433)
Total noncurrent assets:6,4196,0585,7775,4365,1774,9584,601
TOTAL ASSETS:6,8546,4026,0825,7835,5155,3104,907
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities133107110108169176114
Accounts payable133107110108107116114
Employee-related liabilities    1211 
Taxes payable    3433 
Interest and dividends payable    1616 
Debt534203238298383393
Derivative instruments and hedges, liabilities    34714
Regulatory liability774652113   
Other liabilities1691501311206571148
Other undisclosed current liabilities    46151105
Total current liabilities:913506531640698408475
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,8982,0091,8441,7561,4921,6791,480
Long-term debt, excluding current maturities1,8982,009(32)(32)(32)(32)(32)
Finance lease, liability  52✕✕✕✕
Operating lease, liability  66✕✕✕✕
Other undisclosed long-term debt and lease obligation  1,7591,7881,5241,7111,512
Liabilities, other than long-term debt1,8871,8581,1891,5628151,2501,110
Deferred tax liabilities, net✕✕✕488467841747
Deferred income tax liabilities643595 ✕✕✕✕
Liability, pension and other postretirement and postemployment benefits153212212223204227201
Regulatory liability862785775781   
Due to related parties5252     
Other liabilities17821520171144153162
Derivative instruments and hedges, liabilities    229 
Other undisclosed noncurrent liabilities  58052780326313
Total noncurrent liabilities:3,7863,8663,6123,3693,0873,2542,904
Total liabilities:4,6994,3724,1434,0093,7843,6613,378
Stockholders' equity
Stockholders' equity attributable to parent, including:2,1552,0301,9391,7731,7301,6481,528
Common stock1,3801,2861,2111,1361,1331,0751,004
Accumulated other comprehensive loss(11)(14)(10)(8)(8)(8)(7)
Retained earnings786758739645604581531
Other undisclosed stockholders' equity attributable to parent     (0)(0)
Stockholders' equity attributable to noncontrolling interest   1100
Total stockholders' equity:2,1552,0301,9391,7741,7301,6491,529
Other undisclosed liabilities and equity     (0)(0)
TOTAL LIABILITIES AND EQUITY:6,8546,4026,0825,7835,5155,3104,907

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,4391,3221,3461,3971,4461,4421,485
Revenue, net✕✕✕✕1,4461,4421,485
Cost of revenue(1,190)(1,065)(1,091)(1,093)(1,072)(1,041)(1,172)
Gross profit:249257255304374402313
Operating expenses(21)(24)(44)(43)(89)(112)(60)
Operating income:228233210261285290253
Nonoperating income379192101313
Public utilities, allowance for funds used during construction, additions4444334
Other nonoperating income (expense)33515(1)7109
Interest and debt expense(0)(1)(103)(100)(95)(86)(80)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (104)102(1)(1)(1)(0)
Income from continuing operations before equity method investments, income taxes:265137228163199215186
Other undisclosed loss from continuing operations before income taxes(106)      
Income from continuing operations before income taxes:159137228163199215186
Income tax expense(12)(7)(31)(26)(83)(78)(67)
Income from continuing operations:147129197137116137118
Income from discontinued operations      5
Net income:147129197137116137123
Other undisclosed net income (loss) attributable to parent  0(0)(0)(0)(0)
Net income available to common stockholders, basic:147129197136116137123
Other undisclosed net loss available to common stockholders, diluted      (118)
Net income available to common stockholders, diluted:1471291971361161375

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:147129197137116137123
Other comprehensive income (loss)3(4)(2)2(1)(1)1
Comprehensive income:151125194139115136125
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  0(0)(0)(0)(0)
Comprehensive income, net of tax, attributable to parent:151125195138115136124

Statements sources

The financial statements are based on the company's filings with the 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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