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 thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments15,70410,59613,42814,36321,619203,598
Cash and cash equivalents15,70410,59613,42814,36321,619203,598
Receivables141,643216,567255,746164,928166,122193,200
Inventory, net of allowances, customer advances and progress billings115,805101,775107,674123,447105,79176,402
Inventory115,805101,775107,674123,447105,79176,402
Regulatory asset163,906210,097193,78759,57344,19934,733
Other current assets89,881116,665151,167101,29379,23088,143
Total current assets:526,939655,700721,802463,604416,961596,076
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization38,23539,14540,05640,96641,87642,787
Operating lease, right-of-use asset68,59469,09868,23868,70769,18369,673
Property, plant and equipment7,794,4837,683,0497,725,8357,621,1107,519,8897,417,643
Long-term investments and receivables30,01329,81929,50128,80128,59626,834
Long-term investments11,54711,54711,54711,54711,54711,547
Accounts and financing receivable, after allowance for credit loss18,46618,27217,95417,25417,04915,287
Intangible assets, net (including goodwill)52,42652,42652,42652,42652,42652,426
Goodwill52,42652,42652,42652,42652,42652,426
Regulated entity, other noncurrent assets861,491839,272833,328836,538839,155838,623
Deferred costs7,4287,4357,5417,6097,9948,843
Other noncurrent assets16,70115,71915,22111,0389,78818,023
Other undisclosed noncurrent assets(2,024,995)(1,997,737)(2,076,598)(2,075,000)(2,048,154)(2,034,918)
Total noncurrent assets:6,844,3766,738,2266,695,5486,592,1956,520,7536,439,934
TOTAL ASSETS:7,371,3157,393,9267,417,3507,055,7996,937,7147,036,010
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities103,587112,230202,954231,130225,939112,126
Interest and dividends payable34,99020,283
Taxes payable40,57939,754
Employee-related liabilities42,91544,587
Accounts payable103,587112,230202,954112,646121,315112,126
Debt210,000244,500476,500281,500164,500250,000
Regulatory liability79,09385,46295,66598,08194,609109,278
Other liabilities148,483162,395189,415192,973172,977170,521
Other undisclosed current liabilities    (118,484)(104,624) 
Total current liabilities:541,163604,587964,534685,200553,401641,925
Noncurrent Liabilities
Long-term debt and lease obligation  2,530,0092,281,0132,280,8022,287,6062,294,179
Long-term debt, excluding current maturities  2,530,0092,281,0132,280,8022,287,6062,294,179
Liabilities, other than long-term debt1,848,1831,874,0191,837,1351,854,9481,859,2131,866,606
Deferred income tax liabilities703,683694,216674,995666,115657,583646,736
Liability, pension and other postretirement and postemployment benefits92,74193,25493,901114,866128,187140,575
Regulatory liability845,022840,211840,837845,495846,873850,702
Due to related parties51,54751,54751,54751,54751,547
Other liabilities206,737194,791175,855176,925175,023177,046
Other undisclosed noncurrent liabilities2,581,548     
Total noncurrent liabilities:4,429,7314,404,0284,118,1484,135,7504,146,8194,160,785
Total liabilities:4,970,8945,008,6155,082,6824,820,9504,700,2204,802,710
Equity
Equity, attributable to parent2,400,4212,385,3112,334,6682,234,8492,237,4942,233,300
Common stock1,588,5031,555,6511,525,1851,478,4431,443,1021,418,421
Accumulated other comprehensive loss(2,095)(2,076)(2,058)(10,218)(10,490)(10,763)
Retained earnings814,013831,736811,541766,624804,882825,642
Total equity:2,400,4212,385,3112,334,6682,234,8492,237,4942,233,300
TOTAL LIABILITIES AND EQUITY:7,371,3157,393,9267,417,3507,055,7996,937,7147,036,010

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues379,937474,631510,149359,446378,566462,046
Cost of revenue(336,129)(396,988)(443,313)(338,971)(351,343)(378,089)
Gross profit:43,80877,64366,83620,47527,22383,957
Operating expenses  (1,042)(3,248)(1,073)(2,940)(988)
Operating income:43,80876,60163,58819,40224,28382,969
Nonoperating income3,4927,27140,8334,79214,8665,944
Public utilities, allowance for funds used during construction, additions8668428658289321,093
Other nonoperating income2,6266,42939,9683,96413,9344,851
Interest and debt expense  (571)(462)(302)(177)(117)
Income from continuing operations before equity method investments, income taxes:47,30083,301103,95923,89238,97288,796
Other undisclosed loss from continuing operations before income taxes(35,626)(35,084)(31,516)(29,533)(28,518)(28,067)
Income (loss) from continuing operations before income taxes:11,67448,21772,443(5,641)10,45460,729
Income tax expense (benefit)5,8106,6285,513(157)99910,836
Income (loss) from continuing operations:17,48454,84577,956(5,798)11,45371,565
Income (loss) before gain (loss) on sale of properties:(5,798)11,45371,565
Net income (loss) available to common stockholders, diluted:17,48454,84577,956(5,798)11,45371,565

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):17,48454,84577,956(5,798)11,45371,565
Other comprehensive income (loss)(19)(18)8,160272273276
Comprehensive income (loss), net of tax, attributable to parent:17,46554,82786,116(5,526)11,72671,841

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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