Avista Corporation (AVA) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1410151691022
Cash and cash equivalents1410151691022
Receivables164167166186229194297
Inventory, net of allowances, customer advances and progress billings67676458535466
Inventory67676458535466
Derivative instruments and hedges, assets     12
Regulatory current assets142249    
Disposal group, including discontinued operation      96
Other current assets85405452503045
Other undisclosed current assets   251117(132)
Total current assets:344305347338351306395
Noncurrent Assets
Finance lease, right-of-use asset4751
Operating lease, right-of-use asset7270
Property, plant and equipment6,9866,6286,3716,0115,6575,3324,946
Long-term investments and receivables262623   23
Long-term investments121212   23
Accounts and financing receivable, after allowance for credit loss141411    
Intangible assets, net (including goodwill)525258   58
Goodwill525258   58
Regulated entity, other noncurrent assets750671614625669558546
Assets held-in-trust      2
Deferred costs998    
Other noncurrent assets272323153141144151
Other undisclosed noncurrent assets(1,912)(1,753)(1,661)(1,612)(1,509)(1,433)(1,408)
Total noncurrent assets:6,0585,7775,4365,1774,9584,6014,317
TOTAL ASSETS:6,4026,0825,7835,5155,3104,9074,712
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities107110108169176114113
Accounts payable107110108107116114113
Employee-related liabilities   1211  
Taxes payable   3433  
Interest and dividends payable   1616  
Debt2032382983833936
Derivative instruments and hedges, liabilities   3471418
Regulatory liability4652113    
Other liabilities1501311206571148141
Other undisclosed current liabilities   46151105106
Total current liabilities:506531640698408475385
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,0091,8441,7561,4921,6791,4801,492
Long-term debt, excluding current maturities2,009(32)(32)(32)(32)(32)(32)
Finance lease, liability 52
Operating lease, liability 66
Other undisclosed long-term debt and lease obligation 1,7591,7881,5241,7111,5121,524
Liabilities, other than long-term debt1,8581,1891,5628151,2501,1101,046
Deferred tax liabilities, net488467841747710
Deferred income tax liabilities595 
Liability, pension and other postretirement and postemployment benefits212212223204227201189
Regulatory liability785775781    
Due to related parties52      
Other liabilities21520171144153162146
Derivative instruments and hedges, liabilities   229  
Other undisclosed noncurrent liabilities 58052780326313306
Total noncurrent liabilities:3,8663,6123,3693,0873,2542,9042,844
Total liabilities:4,3724,1434,0093,7843,6613,3783,229
Stockholders' equity
Stockholders' equity attributable to parent, including:2,0301,9391,7731,7301,6481,5281,483
Common stock1,2861,2111,1361,1331,0751,0041,000
Accumulated other comprehensive loss(14)(10)(8)(8)(8)(7)(8)
Retained earnings758739645604581531492
Other undisclosed stockholders' equity attributable to parent    (0)(0)(0)
Stockholders' equity attributable to noncontrolling interest  1100(0)
Other undisclosed stockholders' equity      1
Total stockholders' equity:2,0301,9391,7741,7301,6491,5291,484
Other undisclosed liabilities and equity    (0)(0)(0)
TOTAL LIABILITIES AND EQUITY:6,4026,0825,7835,5155,3104,9074,712

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,3221,3461,3971,4461,4421,4851,473
Revenue, net1,4461,4421,4851,473
Cost of revenue(1,065)(1,091)(1,093)(1,072)(1,041)(1,172)(1,184)
Gross profit:257255304374402313288
Operating expenses(24)(44)(43)(89)(112)(60)(36)
Operating income:233210261285290253253
Nonoperating income919210131321
Public utilities, allowance for funds used during construction, additions444334 
Public utilities, allowance for funds used during construction, capitalized cost of equity      9
Other nonoperating income (expense)515(1)710911
Interest and debt expense(1)(103)(100)(95)(86)(80)(75)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(104)102(1)(1)(1)(0)(7)
Income from continuing operations before income taxes:137228163199215186192
Income tax expense(7)(31)(26)(83)(78)(67)(72)
Income from continuing operations:129197137116137118120
Income from discontinued operations     572
Net income:129197137116137123192
Other undisclosed net income (loss) attributable to parent 0(0)(0)(0)(0)(0)
Net income available to common stockholders, basic:129197136116137123192
Dilutive securities, effect on basic earnings per share      0
Other undisclosed net loss available to common stockholders, diluted     (118)(120)
Net income available to common stockholders, diluted:129197136116137572

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:129197137116137123192
Other comprehensive income (loss)(4)(2)2(1)(1)1(2)
Comprehensive income:125194139115136125190
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 0(0)(0)(0)(0)(0)
Comprehensive income, net of tax, attributable to parent:125195138115136124190

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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