NYSE : AVA
Avista Corporation — Financial statements
Utilities · Utilities - Diversified · United States
Last price 37.57 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 3.15B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Avista Corporation (AVA) reported revenue of 1.92B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.92B | 1.96B | 1.94B | 1.75B | 1.71B | 1.44B |
| Selling, General & Admin | 41.00M | 41.00M | 38.00M | 33.00M | 19.00M | 12.34M |
| Depreciation & Amortization | 281.00M | 289.00M | 274.00M | 265.00M | 253.00M | 231.91M |
| Other Operating Expenses | 1.23B | 1.27B | 1.30B | 1.19B | 1.24B | 963.12M |
| Total Operating Expenses | 1.56B | 1.61B | 1.62B | 1.49B | 1.52B | 1.21B |
| Operating Income | 362.00M | 356.00M | 313.00M | 260.00M | 193.00M | 226.85M |
| Interest Expense | -151.00M | -148.00M | -145.00M | -140.00M | -115.00M | -102.17M |
| Interest Income | 12.00M | 12.00M | 14.00M | 15.00M | 4.00M | 3.15M |
| Net Interest Expense | -139.00M | -136.00M | -131.00M | -125.00M | -111.00M | -99.02M |
| Allowance for Equity Funds for Construction | 11.00M | 11.00M | 9.00M | 7.00M | 7.00M | 7.00M |
| Other Non-Operating Income (Expenses) | 1.00M | -2.00M | -1.00M | -2.00M | 1.00M | 3.13M |
| EBT Excluding Unusual Items | 269.00M | 229.00M | 190.00M | 140.00M | 90.00M | 137.96M |
| Gain (Loss) on Sale of Investments | -12.00M | -12.00M | -7.00M | -3.00M | 48.00M | 21.40M |
| Pretax Income | 257.00M | 217.00M | 183.00M | 137.00M | 138.00M | 159.37M |
| Income Tax Expense | 30.00M | 24.00M | 3.00M | -34.00M | -17.00M | 12.03M |
| Earnings From Continuing Ops. | 227.00M | 193.00M | 180.00M | 171.00M | 155.00M | 147.33M |
| Net Income to Company | 227.00M | 193.00M | 180.00M | 171.00M | 155.00M | 147.33M |
| Net Income | 227.00M | 193.00M | 180.00M | 171.00M | 155.00M | 147.33M |
| Net Income to Common | 227.00M | 193.00M | 180.00M | 171.00M | 155.00M | 147.33M |
| Shares Outstanding (Basic) | 82.09M | 80.97M | 78.72M | 76.40M | 72.99M | 69.95M |
| Shares Outstanding (Diluted) | 82.15M | 81.05M | 78.82M | 76.50M | 73.09M | 70.08M |
| EPS (Basic) | 2.77 | 2.38 | 2.29 | 2.24 | 2.12 | 2.11 |
| EPS (Diluted) | 2.77 | 2.38 | 2.29 | 2.24 | 2.12 | 2.10 |
| Free Cash Flow | -104.00M | -101.00M | 1.00M | -52.00M | -328.00M | -172.60M |
| Free Cash Flow Per Share | -1.27 | -1.25 | 0.01 | -0.68 | -4.49 | -2.46 |
| Dividend Per Share | 1.97 | 1.96 | 1.90 | 1.84 | 1.76 | 1.69 |
| Profit Margin | 11.83% | 9.83% | 9.29% | 9.76% | 9.06% | 10.24% |
| Free Cash Flow Margin | -5.42% | -5.14% | 0.05% | -2.97% | -19.18% | -12.00% |
| EBITDA | 643.00M | 645.00M | 587.00M | 525.00M | 446.00M | 459.02M |
| EBITDA Margin | 33.51% | 32.84% | 30.29% | 29.97% | 26.08% | 31.90% |
| D&A For EBITDA | 281.00M | 289.00M | 274.00M | 265.00M | 253.00M | 232.18M |
| EBIT | 362.00M | 356.00M | 313.00M | 260.00M | 193.00M | 226.85M |
| EBIT Margin | 18.86% | 18.13% | 16.15% | 14.84% | 11.29% | 15.77% |
| Effective Tax Rate | 11.67% | 11.06% | 1.64% | 7.55% | ||
| Revenue as Reported | 1.92B | 1.96B | 1.94B | 1.75B | 1.71B | 1.44B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 25.00M | 19.00M | 30.00M | 35.00M | 13.43M | 22.17M |
| Trading Asset Securities | 1.00M | 4.00M | 8.54M | |||
| Accounts Receivable | 153.00M | 220.00M | 205.00M | 217.00M | 255.75M | 203.03M |
| Other Receivables | 16.00M | 39.00M | 32.00M | 29.00M | 30.74M | 29.61M |
| Inventory | 264.00M | 236.00M | 193.00M | 160.00M | 107.67M | 84.73M |
| Prepaid Expenses | 61.00M | 56.00M | 37.00M | 53.00M | 30.20M | 24.39M |
| Other Current Assets | 196.00M | 159.00M | 158.00M | 164.00M | 275.48M | 70.53M |
| Total Current Assets | 715.00M | 729.00M | 656.00M | 662.00M | 721.80M | 434.47M |
| Property, Plant & Equipment | 6.63B | 6.42B | 6.12B | 5.84B | 5.58B | 5.36B |
| Regulatory Assets | 858.00M | 871.00M | 847.00M | 894.00M | 833.33M | 860.63M |
| Goodwill | 52.00M | 52.00M | 52.00M | 52.00M | 52.43M | 52.43M |
| Long-Term Investments | 172.00M | 160.00M | 169.00M | 165.00M | 162.00M | 102.60M |
| Long-Term Loans Receivable | 10.00M | 12.00M | 16.00M | 15.00M | 17.95M | 14.95M |
| Other Long-Term Assets | 97.00M | 111.00M | 82.00M | 76.00M | 51.43M | 29.13M |
| Total Assets | 8.54B | 8.36B | 7.94B | 7.70B | 7.42B | 6.85B |
| Accounts Payable | 130.00M | 163.00M | 125.00M | 143.00M | 202.95M | 133.10M |
| Accrued Expenses | 119.00M | 111.00M | 109.00M | 121.00M | 113.80M | 103.62M |
| Short-Term Debt | 226.00M | 388.00M | 354.00M | 349.00M | 463.00M | 284.00M |
| Current Portion of Long-Term Debt | 15.00M | 13.55M | 274.03M | |||
| Current Unearned Revenue | 4.00M | 8.48M | 884.00K | |||
| Current Portion of Leases | 4.00M | 9.00M | 8.00M | 7.00M | 7.58M | 7.39M |
| Current Income Taxes Payable | 6.00M | 7.00M | 5.00M | 25.00M | 57.96M | 56.33M |
| Other Current Liabilities | 148.00M | 187.00M | 156.00M | 100.00M | 81.89M | 53.77M |
| Total Current Liabilities | 650.00M | 878.00M | 771.00M | 775.00M | 964.53M | 913.11M |
| Long-Term Debt | 3.00B | 2.78B | 2.64B | 2.54B | 2.31B | 1.91B |
| Long-Term Leases | 91.00M | 92.00M | 97.00M | 103.00M | 106.78M | 111.80M |
| Trust Preferred Securities | 52.00M | 52.00M | 52.00M | 52.00M | 51.55M | 51.55M |
| Pension & Post-Retirement Benefits | 67.00M | 65.00M | 75.00M | 90.00M | 93.90M | 153.47M |
| Long-Term Deferred Tax Liabilities | 835.00M | 805.00M | 779.00M | 746.00M | 703.78M | 672.02M |
| Other Long-Term Liabilities | 1.01B | 981.00M | 938.00M | 912.00M | 856.92M | 883.39M |
| Total Liabilities | 5.71B | 5.65B | 5.35B | 5.22B | 5.08B | 4.70B |
| Common Stock | 1.87B | 1.80B | 1.72B | 1.64B | 1.53B | 1.38B |
| Retained Earnings | 951.00M | 905.00M | 871.00M | 841.00M | 811.54M | 785.63M |
| Comprehensive Income & Other | -1.00M | -1.00M | -2.06M | -11.04M | ||
| Total Common Equity | 2.82B | 2.71B | 2.59B | 2.48B | 2.33B | 2.15B |
| Shareholders' Equity | 2.82B | 2.71B | 2.59B | 2.48B | 2.33B | 2.15B |
| Total Liabilities & Equity | 8.54B | 8.36B | 7.94B | 7.70B | 7.42B | 6.85B |
| Total Debt | 3.38B | 3.32B | 3.15B | 3.06B | 2.95B | 2.64B |
| Net Cash (Debt) | -3.35B | -3.30B | -3.12B | -3.03B | -2.93B | -2.62B |
| Net Cash Per Share | -40.81 | -40.70 | -39.56 | -39.56 | -40.03 | -37.38 |
| Filing Date Shares Outstanding | 83.75M | 82.25M | 80.13M | 78.16M | 75.03M | 71.57M |
| Total Common Shares Outstanding | 83.75M | 82.19M | 80.04M | 78.07M | 74.95M | 71.50M |
| Working Capital | 65.00M | -149.00M | -115.00M | -113.00M | -242.73M | -478.63M |
| Book Value Per Share | 33.68 | 32.96 | 32.37 | 31.83 | 31.15 | 30.14 |
| Tangible Book Value | 2.77B | 2.66B | 2.54B | 2.43B | 2.28B | 2.10B |
| Tangible Book Value Per Share | 33.06 | 32.33 | 31.72 | 31.16 | 30.45 | 29.40 |
| Machinery | 8.55B | 8.59B | 8.18B | 7.80B | 7.56B | 7.17B |
| Construction In Progress | 405.00M | 303.00M | 238.00M | 180.00M | 164.15M | 205.41M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 227.00M | 193.00M | 180.00M | 171.00M | 155.00M | 147.33M |
| Depreciation & Amortization | 281.00M | 289.00M | 274.00M | 265.00M | 253.00M | 232.18M |
| Other Amortization | 2.00M | 2.00M | 2.00M | 3.00M | 2.00M | 2.61M |
| Loss (Gain) on Sale of Assets | 16.00M | 13.00M | 5.00M | 3.00M | -50.00M | -23.19M |
| Stock-Based Compensation | 11.00M | 9.00M | 9.00M | 8.00M | 9.00M | 4.71M |
| Change in Accounts Receivable | 10.00M | -24.00M | 3.00M | 37.00M | -56.00M | -46.11M |
| Change in Inventory | -47.00M | -43.00M | -40.00M | -52.00M | -23.00M | -17.28M |
| Change in Accounts Payable | 8.00M | 25.00M | -8.00M | -66.00M | 66.00M | 33.37M |
| Change in Income Taxes | 21.00M | -5.00M | -3.00M | 2.00M | -1.00M | 20.20M |
| Change in Other Net Operating Assets | 54.00M | 4.00M | 47.00M | 118.00M | -126.00M | -12.56M |
| Other Operating Activities | -17.00M | 6.00M | 65.00M | -42.00M | -105.00M | -73.92M |
| Operating Cash Flow | 546.00M | 469.00M | 534.00M | 447.00M | 124.00M | 267.34M |
| Capital Expenditures | -650.00M | -570.00M | -533.00M | -499.00M | -452.00M | -439.94M |
| Investment in Securities | -10.00M | -4.00M | -10.00M | -10.00M | -9.00M | -7.70M |
| Other Investing Activities | 10.00M | 10.00M | 4.00M | -1.00M | 1.00M | 2.72M |
| Investing Cash Flow | -650.00M | -564.00M | -539.00M | -510.00M | -460.00M | -444.92M |
| Short-Term Debt Issued | 33.00M | 5.00M | 179.00M | 81.00M | ||
| Long-Term Debt Issued | 140.00M | 84.00M | 250.00M | 400.00M | 140.00M | |
| Total Debt Issued | 282.00M | 173.00M | 89.00M | 250.00M | 579.00M | 221.00M |
| Short-Term Debt Repaid | -114.00M | |||||
| Long-Term Debt Repaid | -4.00M | -3.00M | -17.00M | -253.00M | -2.94M | |
| Total Debt Repaid | -96.00M | -4.00M | -3.00M | -131.00M | -253.00M | -2.94M |
| Net Debt Issued (Repaid) | 186.00M | 169.00M | 86.00M | 119.00M | 326.00M | 218.06M |
| Issuance of Common Stock | 101.00M | 78.00M | 68.00M | 113.00M | 137.00M | 90.00M |
| Common Dividends Paid | -161.00M | -159.00M | -150.00M | -141.00M | -129.00M | -118.21M |
| Other Financing Activities | -6.00M | -4.00M | -4.00M | -6.00M | -7.00M | -4.30M |
| Financing Cash Flow | 120.00M | 84.00M | 85.00M | 327.00M | 185.55M | |
| Net Cash Flow | 16.00M | -11.00M | -5.00M | 22.00M | -9.00M | 7.97M |
| Free Cash Flow | -104.00M | -101.00M | 1.00M | -52.00M | -328.00M | -172.60M |
| Free Cash Flow Margin | -5.42% | -5.14% | 0.05% | -2.97% | -19.18% | -12.00% |
| Free Cash Flow Per Share | -1.27 | -1.25 | 0.01 | -0.68 | -4.49 | -2.46 |
| Levered Free Cash Flow | -235.12M | -153.00M | -140.00M | -147.56M | -294.08M | -141.52M |
| Unlevered Free Cash Flow | -142.75M | -62.50M | -51.38M | -63.06M | -224.20M | -80.27M |
| Cash Interest Paid | 144.00M | 144.00M | 141.00M | 132.00M | 107.00M | 98.59M |
| Cash Income Tax Paid | 28.00M | 28.00M | 11.00M | 2.00M | 2.00M | -18.68M |
| Change in Working Capital | 46.00M | -43.00M | -1.00M | 39.00M | -140.00M | -22.38M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.21B | 3.14B | 2.90B | 2.77B | 3.27B | 3.01B |
| Enterprise Value | 6.57B | 6.31B | 5.97B | 5.69B | 6.01B | 5.54B |
| PE Ratio | 13.88 | 16.25 | 16.11 | 16.17 | 21.11 | 20.41 |
| PS Ratio | 1.67 | 1.60 | 1.50 | 1.58 | 1.91 | 2.09 |
| PB Ratio | 1.14 | 1.16 | 1.12 | 1.11 | 1.40 | 1.40 |
| P/FCF Ratio | 2,900.47 | |||||
| P/OCF Ratio | 5.89 | 6.69 | 5.43 | 6.19 | 26.38 | 11.25 |
| EV/Sales Ratio | 3.42 | 3.21 | 3.08 | 3.25 | 3.51 | 3.85 |
| EV/EBITDA Ratio | 10.21 | 9.78 | 10.18 | 10.85 | 13.46 | 12.07 |
| EV/EBIT Ratio | 18.14 | 17.72 | 19.08 | 21.90 | 31.11 | 24.43 |
| EV/FCF Ratio | 5,972.77 | |||||
| Debt / Equity Ratio | 1.20 | 1.23 | 1.22 | 1.23 | 1.26 | 1.23 |
| Debt / EBITDA Ratio | 4.97 | 4.87 | 5.05 | 5.52 | 6.51 | 5.68 |
| Debt / FCF Ratio | 3,149.00 | |||||
| Net Debt / Equity Ratio | 1.19 | 1.22 | 1.20 | 1.22 | 1.25 | 1.22 |
| Net Debt / EBITDA Ratio | 5.21 | 5.12 | 5.31 | 5.76 | 6.56 | 5.71 |
| Net Debt / FCF Ratio | -32.23 | -32.66 | 3,118.00 | -58.19 | -8.92 | -15.18 |
| Quick Ratio | 0.30 | 0.32 | 0.35 | 0.37 | 0.32 | 0.28 |
| Current Ratio | 1.10 | 0.83 | 0.85 | 0.85 | 0.75 | 0.48 |
| Asset Turnover | 0.23 | 0.24 | 0.25 | 0.23 | 0.24 | 0.22 |
| Return on Equity (ROE) | 8.31% | 7.28% | 7.09% | 7.10% | 6.91% | 7.04% |
| Return on Assets (ROA) | 2.73% | 2.73% | 2.50% | 2.15% | 1.69% | 2.14% |
| Return on Capital Employed (ROCE) | 4.60% | 4.80% | 4.40% | 3.80% | 3.00% | 3.80% |
| Earnings Yield | 7.21% | 6.15% | 6.21% | 6.18% | 4.74% | 4.90% |
| FCF Yield | -3.24% | -3.22% | 0.03% | -1.88% | -10.03% | -5.74% |
| Dividend Yield | 5.13% | 5.14% | 5.24% | 5.20% | 4.03% | 4.02% |
| Payout Ratio | 71.24% | 82.38% | 83.33% | 82.46% | 83.23% | 80.23% |
| Buyback Yield / Dilution | -2.78% | -2.83% | -3.04% | -4.65% | -4.29% | -2.91% |
| Total Shareholder Return | 2.35% | 2.31% | 2.20% | 0.54% | -0.26% | 1.11% |