Avista Corporation (AVA) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1015169102283
Cash and cash equivalents1015169102283
Receivables167166186229194297302
Inventory, net of allowances, customer advances and progress billings67645853546645
Inventory67645853546645
Derivative instruments and hedges, assets    123
Regulatory current assets2249     
Disposal group, including discontinued operation     96 
Income taxes receivable8
Other current assets40545250304558
Other undisclosed current assets  251117(132)51
Total current assets:305347338351306395550
Noncurrent Assets
Finance lease, right-of-use asset51
Operating lease, right-of-use asset70
Property, plant and equipment6,6286,3716,0115,6575,3324,9464,451
Long-term investments and receivables2623   2325
Long-term investments1212   2325
Accounts and financing receivable, after allowance for credit loss1411     
Intangible assets, net (including goodwill)5258   58116
Goodwill5258   5876
Intangible assets, net (excluding goodwill)      40
Derivative instruments and hedges      1
Regulated entity, other noncurrent assets671614625669558546369
Assets held-in-trust     22
Deferred costs98     
Other noncurrent assets2323153141144151240
Investments and other noncurrent assets59
Other undisclosed noncurrent assets(1,753)(1,661)(1,612)(1,509)(1,433)(1,408)(1,451)
Total noncurrent assets:5,7775,4365,1774,9584,6014,3173,812
TOTAL ASSETS:6,0825,7835,5155,3104,9074,7124,362
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities110108169176114113182
Accounts payable110108107116114113182
Employee-related liabilities  1211   
Taxes payable  3433   
Interest and dividends payable  1616   
Debt23829838339360
Derivative instruments and hedges, liabilities  347141811
Regulatory liability52113     
Customer refund liability      0
Other liabilities1311206571148141145
Other undisclosed current liabilities  46151105106286
Total current liabilities:531640698408475385625
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,8441,7561,4921,6791,4801,4921,272
Long-term debt, excluding current maturities(32)(32)(32)(32)(32)(32)15
Finance lease, liability52
Operating lease, liability66
Other undisclosed long-term debt and lease obligation1,7591,7881,5241,7111,5121,5241,257
Liabilities, other than long-term debt1,1891,5628151,2501,1101,046788
Pension and other postretirement defined benefit plans, liabilities123
Deferred tax liabilities, net488467841747710535
Liability, pension and other postretirement and postemployment benefits212223204227201189
Regulatory liability775781     
Other liabilities20171144153162146130
Derivative instruments and hedges, liabilities  229   
Other undisclosed noncurrent liabilities58052780326313306342
Total noncurrent liabilities:3,6123,3693,0873,2542,9042,8442,402
Total liabilities:4,1434,0093,7843,6613,3783,2293,028
Temporary equity, carrying amount      16
Stockholders' equity
Stockholders' equity attributable to parent, including:1,9391,7731,7301,6481,5281,4831,318
Common stock1,2111,1361,1331,0751,0041,000897
Accumulated other comprehensive loss(10)(8)(8)(8)(7)(8)(6)
Retained earnings739645604581531492407
Other undisclosed stockholders' equity attributable to parent   (0)(0)(0)20
Stockholders' equity attributable to noncontrolling interest 1100(0)20
Other undisclosed stockholders' equity     1(40)
Total stockholders' equity:1,9391,7741,7301,6491,5291,4841,298
Other undisclosed liabilities and equity   (0)(0)(0)20
TOTAL LIABILITIES AND EQUITY:6,0825,7835,5155,3104,9074,7124,362

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,3461,3971,4461,4421,4851,4731,619
Revenue, net1,4461,4421,4851,4731,619
Cost of revenue(1,091)(1,093)(1,072)(1,041)(1,172)(1,184)(1,317)
Gross profit:255304374402313288301
Operating expenses(44)(43)(89)(112)(60)(36)(57)
Operating income:210261285290253253244
Nonoperating income1921013132113
Public utilities, allowance for funds used during construction, additions44334  
Public utilities, allowance for funds used during construction, capitalized cost of equity     96
Other nonoperating income (expense)15(1)7109117
Interest and debt expense(103)(100)(95)(86)(80)(75)(79)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes102(1)(1)(1)(0)(7)(4)
Income from continuing operations before income taxes:228163199215186192176
Income tax expense(31)(26)(83)(78)(67)(72)(63)
Income from continuing operations:197137116137118120112
Income from discontinued operations    572 
Net income:197137116137123192112
Other undisclosed net income (loss) attributable to parent0(0)(0)(0)(0)(0)(1)
Net income available to common stockholders, basic:197136116137123192111
Dilutive securities, effect on basic earnings per share     0(0)
Other undisclosed net loss available to common stockholders, diluted    (118)(120) 
Net income available to common stockholders, diluted:197136116137572111

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:197137116137123192112
Other comprehensive income (loss)(2)2(1)(1)1(2)1
Comprehensive income:194139115136125190113
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(0)(0)(0)(0)(0)1
Other undisclosed comprehensive loss, net of tax, attributable to parent      (2)
Comprehensive income, net of tax, attributable to parent:195138115136124190112

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: