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AVISTA CORP   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2024202320222021202020192018201720162015
Period End Date12/31/202412/31/202312/31/202212/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/2015
Utility revenues1,937.001,751.001,709.521,438.371,320.281,333.141,369.571,423.391,418.911,456.09
Non-utility energy marketing and trading revenues1.00--------------23.57--
Operating Revenues:Ecova revenues--------------------
Other non-utility revenues--0.560.690.571.6112.4827.3322.54--28.69
Total revenues1,938.001,751.551,710.211,438.941,321.891,345.621,396.891,445.931,442.481,484.78
Operations and maintenance--------------------
Utility operating expenses: Resource costs798.00702.37735.86497.12398.51439.82494.74524.57551.37656.96
Non-utility operating expenses: Resource costs--------------------
Utility operating expenses: Depreciation and amortization--265.33253.02231.92223.51205.37182.88171.28160.51143.50
Non-utility operating expenses: Depreciation and amortization----0.130.260.720.630.800.740.770.70
Depreciation and amortization-Ecova274.00------------------
Administrative and general--------------------
Utility operating expenses: Taxes other than income taxes116.00109.72114.19109.35106.50105.65107.30106.7598.7497.66
Acquisition costs----------19.683.7214.62----
Utility operating expenses: Other operating expenses(442.00)(413.61)--(366.13)(354.61)(345.21)(318.27)(317.81)(315.80)(303.22)
Non-utility operating expenses: Other operating expenses(2.00)(2.84)(11.60)(5.93)(5.34)(18.88)(28.08)(25.65)(25.50)(29.53)
Gain on sale of utility properties--------------------
Other operating expenses-Ecova----(405.17)--------------
Total Operating Expenses1,632.001,493.861,519.971,210.701,089.191,135.231,135.781,161.421,152.681,231.56
Income from operations306.00257.69190.24228.23232.70210.39261.11284.51289.80253.21
Interest expense147.00140.80117.63105.73104.35103.0199.7295.3686.5079.97
Capitalized interest(5.00)(3.63)(3.72)(3.99)(4.08)(4.17)(3.94)(3.31)(2.65)(3.55)
Interest expense to affiliated trusts3.002.501.060.420.711.341.220.830.630.47
Merger termination fee----------103.00--------
Other income - net22.0019.5362.7233.304.8214.93(1.46)7.0610.089.30
Regulatory disallowance of unamortized debt repurchase costs--------------------
Pre-Tax Income183.00137.55137.99159.37136.54228.14162.66198.69215.40185.62
Provision for Income taxes3.00(33.63)(17.19)12.037.0531.3726.0682.7678.0967.45
Federal income taxes at statutory rates------33.4728.6747.9134.1669.5475.3964.97
Tax effect of regulatory treatment of utility plant differences------(13.82)(12.89)(9.97)(8.15)3.483.304.36
State income tax expense------1.390.811.471.191.111.321.01
Preferred dividends--------------------
Settlement of prior year tax returns and adjustment of tax reserves--------(1.19)0.64(0.14)(0.38)0.01(0.99)
Manufacturing deduction--------------(1.12)--(1.20)
Kettle Falls tax credit--------------------
Other-net------(0.32)0.12(0.88)(0.34)(1.09)(0.33)(0.70)
Avista Utilities----------------(1.60)--
Energy Marketing and Resource Management--------------------
Avista Advantage--------------------
Information and Technology--------------------
Settlement of equity awards--------(8.48)0.61(0.99)(1.44)----
Acquisition costs----------(1.71)0.332.49----
Federal income tax rate change--------------10.17----
Income from continuing operations------------136.60115.93137.32118.17
Less: Income from discontinued operations attributable to noncontrolling interest------------------5.15
Asset impairment charges--------------------
Minority interest--------------------
Income tax benefit--------------------
Loss from operations--------------------
Loss before asset impairment charges, minority interest and income taxes--------------------
Cumulative effect of accounting change--------------------
Consolidated Net Income (Loss)180.00171.18155.18147.33129.49196.76--115.93137.32123.32
Net income attributable to noncontrolling interests----------(0.22)0.170.020.090.09
Preferred Stock Dividend & Other Adjustments--------------------
Net Income (Loss) available to limited partners shareholders180.00171.18155.18147.33129.49196.98136.43115.92137.23123.23
Earnings Per Share (Basic) - Cont Ops--------------1.802.161.90
Earnings Per Share (Basic) - Disc Ops------------------0.08
Earnings Per Share (Basic) - Acc Change--------------------
NET EARNINGS PER SHARE (BASIC)2.292.242.132.111.912.982.081.802.161.98
Earnings Per Share (Diluted) - Cont Ops--------------1.792.151.89
Earnings Per Share (Diluted) - Disc Ops------------------0.08
Earnings Per Share (Diluted) - Acc Change--------------------
NET EARNINGS PER SHARE (DILUTED)2.292.242.122.101.902.972.071.792.151.97
Weighted Average Shares Outstanding (Basic)78.7376.4072.9969.9567.9666.2165.6764.5063.5162.30
Weighted Average Shares Outstanding (Diluted)78.8276.5073.0970.0968.1066.3365.9564.8163.9262.71