Avista Corporation (AVA) Financial Statements (2025 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)
Annual | Quarterly

12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments168,351172,01612,27435,0038,63015,704
Cash and cash equivalent9,12414,64712,27435,0038,63015,704
Short-term investments 159,227157,369    
Receivables152,808161,510217,974216,744131,900141,643
Inventory, net of allowances, customer advances and progress billings185,940175,588163,709159,984145,174115,805
Inventory185,940175,588163,709159,984145,174115,805
Prepaid expense 40,07452,276    
Regulatory asset115,197130,38984,590146,327167,927163,906
Other current assets71,10776,71783,398103,78493,58989,881
Other undisclosed current assets (208,403)(217,636)    
Total current assets:525,074550,860561,945661,842547,220526,939
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization33,68334,59335,50436,41437,32438,235
Operating lease, right-of-use asset66,33466,86467,40767,58568,08768,594
Property, plant and equipment8,314,0078,169,1078,044,7057,979,0087,907,5387,794,483
Long-term investments and receivables26,84227,12526,97926,83429,78130,013
Long-term investments11,54711,54711,54711,54711,54711,547
Accounts and financing receivable, after allowance for credit loss15,29515,57815,43215,28718,23418,466
Intangible assets, net (including goodwill)52,42652,42652,42652,42652,42652,426
Goodwill52,42652,42652,42652,42652,42652,426
Regulated entity, other noncurrent assets867,242844,767887,621894,168855,099861,491
Deferred costs8,9628,5518,4847,7947,7637,428
Other noncurrent assets19,60717,58316,13115,75022,91916,701
Other undisclosed noncurrent assets(2,133,294)(2,088,106)(2,052,218)(2,039,344)(2,058,127)(2,024,995)
Total noncurrent assets:7,255,8097,132,9107,087,0397,040,6356,922,8106,844,376
TOTAL ASSETS:7,780,8837,683,7707,648,9847,702,4777,470,0307,371,315
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities159,001148,725102,886143,262105,320103,587
Accounts payable104,512104,620102,886143,262105,320103,587
Accrued liabilities 54,48944,105    
Debt302,250259,000227,155364,000221,500210,000
Derivative instruments and hedges, liabilities 27,61223,764    
Regulatory liability92,19594,38562,67976,00773,84379,093
Other liabilities201,198166,761187,560191,936182,801148,483
Other undisclosed current liabilities (82,101)(67,869)    
Total current liabilities:700,155624,766580,280775,205583,464541,163
Noncurrent Liabilities
Long-term debt and lease obligation 36,42137,31382,800   
Long-term debt, excluding current maturities   82,800   
Finance lease, liability 36,42137,313    
Liabilities, other than long-term debt2,029,0502,003,0711,898,8661,875,0441,894,9161,848,183
Accounts payable and accrued liabilities 21,25319,902    
Accumulated deferred investment tax credit 28,30327,833    
Deferred income tax liabilities726,175718,728712,275718,318726,265703,683
Liability, pension and other postretirement and postemployment benefits88,61992,21188,56889,83092,22892,741
Regulatory liability840,047829,061864,661856,666863,717845,022
Other liabilities247,606241,820233,362210,230212,706206,737
Operating lease, liability 65,38664,851    
Derivative instruments and hedges, liabilities 11,6618,665    
Other undisclosed noncurrent liabilities2,487,1692,491,3812,566,5382,566,9052,581,7632,581,548
Total noncurrent liabilities:4,552,6404,531,7654,548,2044,441,9494,476,6794,429,731
Total liabilities:5,252,7955,156,5315,128,4845,217,1545,060,1434,970,894
Equity
Equity, attributable to parent2,528,0882,527,2392,520,5002,485,3232,409,8872,400,421
Common stock1,686,7761,666,6921,645,2081,644,3271,618,7801,588,503
Accumulated other comprehensive loss (375)(366)(366)(357)(2,114)(2,095)
Retained earnings841,687860,913875,658841,353793,221814,013
Total equity:2,528,0882,527,2392,520,5002,485,3232,409,8872,400,421
TOTAL LIABILITIES AND EQUITY:7,780,8837,683,7707,648,9847,702,4777,470,0307,371,315

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

12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
Revenues393,742402,072609,416517,360379,626379,937
Cost of revenue(344,974)(347,816)(508,300)(399,936)(341,539)(336,129)
Gross profit:48,76854,256101,116117,42438,08743,808
Other undisclosed operating loss   (18,230)  
Operating income:48,76854,256101,11699,19438,08743,808
Nonoperating income (expense)6,5675,67710,2464,0698,3273,492
Public utilities, allowance for funds used during construction, additions1,3061,145961999926866
Public utilities, allowance for funds used during construction, capitalized cost of equity      
Other nonoperating income5,2614,5329,2853,0707,4012,626
Other undisclosed loss from continuing operations before equity method investments, income taxes   (2,221)  
Income from continuing operations before equity method investments, income taxes:55,33559,933111,362101,04246,41447,300
Other undisclosed loss from continuing operations before income taxes(37,326)(36,580)(37,561)(34,313)(35,484)(35,626)
Income from continuing operations before income taxes:18,00923,35373,80166,72910,93011,674
Income tax expense (benefit)478(495)(2,306)17,4063,7865,810
Net income available to common stockholders, diluted:18,48722,85871,49584,13514,71617,484

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
Net income:18,48722,85871,49584,13514,71617,484
Other comprehensive income (loss) (3) (9)1,757(19)(19)
Other undisclosed comprehensive income (loss)(6)     
Comprehensive income, net of tax, attributable to parent:18,47822,85871,48685,89214,69717,465

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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