Avangrid, Inc. AGR Cash Flow

Avangrid, inc. (AGR)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15
Cash Flow from Operating Activities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
230,000	216,000	139,000	105,000	216,000	116,000	134,000	110,000	238,000	-77,000	100,000	120,000	239,000	209,000	109,000	102,000	212,000	102,000	54,000	11,000	106,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
251,000	253,000	237,000	222,000	222,000	211,000	226,000	215,000	203,000	216,000	205,000	206,000	197,000	183,000	203,000	213,000	205,000	170,000	163,000	187,000	175,000
Loss from assets held for sale
-	-	-	-	-	-	-1,000	-10,000	-5,000	-	-	-	-	-	-	-	-	-	-	-	-
Accretion expenses
-	-	-	-	-	-	-	-	-	2,000	3,000	2,000	3,000	3,000	3,000	1,000	3,000	8,000	-1,000	3,000	4,000
Regulatory assets/liabilities amortization and carrying cost
18,000	13,000	19,000	18,000	14,000	19,000	17,000	16,000	21,000	12,000	22,000	9,000	19,000	-80,000	46,000	42,000	41,000	28,000	26,000	58,000	-11,000
Regulatory assets/liabilities carrying cost
-	-	-	-	-	-	-	-	-	-	-	1,000	10,000	1,000	-1,000	3,000	10,000	10,000	11,000	10,000	10,000
Pension cost
20,000	23,000	23,000	20,000	25,000	30,000	31,000	31,000	31,000	28,000	28,000	28,000	28,000	6,000	38,000	33,000	33,000	34,000	27,000	26,000	28,000
Stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	3,000	1,000	-	-	-	1,000	-	-	-	-
Income (Loss) from Equity Method Investments
-6,000	2,000	-1,000	1,000	1,000	2,000	1,000	5,000	2,000	-43,000	0	1,000	2,000	3,000	2,000	0	2,000	-	-	-	1,000
Distributions of earnings received from equity method investments
3,000	2,000	8,000	0	2,000	4,000	3,000	4,000	3,000	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt premium
-	-	-	-	-	-	-	-	-	-	-	-4,000	2,000	-11,000	-2,000	-8,000	-7,000	0	1,000	1,000	1,000
Gain on disposal of property and equity method investment
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-1,000	3,000	31,000	-	-	-	-
Unrealized (gain) loss on marked-to-market derivative contracts
18,000	10,000	43,000	20,000	3,000	-16,000	-10,000	-4,000	8,000	-30,000	-5,000	-9,000	27,000	8,000	19,000	6,000	-29,000	-27,000	67,000	-11,000	-39,000
Deferred taxes
10,000	39,000	121,000	-43,000	21,000	21,000	24,000	43,000	63,000	-417,000	24,000	47,000	95,000	46,000	85,000	138,000	106,000	72,000	45,000	-112,000	77,000
Other non-cash items
-1,000	16,000	21,000	12,000	2,000	-5,000	21,000	7,000	4,000	27,000	16,000	8,000	22,000	3,000	18,000	-1,000	3,000	-	-	-	-
Changes in operating assets and liabilities:
Current assets
16,000	62,000	107,000	-338,000	43,000	34,000	203,000	-121,000	1,000	-	-	-	-	-	-	-	-	-	-	-	-
Noncurrent assets
55,000	128,000	-10,000	-6,000	40,000	56,000	-38,000	24,000	45,000	-	-	-	-	-	-	-	-	-	-	-	-
Current liabilities
-117,000	68,000	174,000	-203,000	-44,000	126,000	94,000	-100,000	-22,000	-	-	-	-	-	-	-	-	-	-	-	-
Noncurrent liabilities
-26,000	76,000	-134,000	72,000	-52,000	16,000	-19,000	-32,000	115,000	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable and unbilled revenues
-	-	-	-	-	-	-	-	-	-	-36,000	-132,000	-11,000	230,000	13,000	-69,000	-16,000	-61,000	-8,000	-72,000	-19,000
Inventories
-	-	-	-	-	-	-	-	-	-	19,000	25,000	-11,000	13,000	6,000	10,000	-75,000	36,000	33,000	57,000	-130,000
Other assets/liabilities
-	-	-	-	-	-	-	-	-	-	74,000	86,000	-64,000	-	229,000	-21,000	129,000	-	-	-	-
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	69,000
Cash distribution from equity method investments
-	-	-	-	-	-	-	-	-	-	4,000	4,000	3,000	4,000	4,000	3,000	3,000	-	-	-	-
Accounts payable and accrued liabilities
-	-	-	-	-	-	-	-	-	-	63,000	-13,000	-155,000	132,000	64,000	96,000	-108,000	63,000	58,000	-53,000	-78,000
Other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-119,000
Taxes accrued
-	-	-	-	-	-	-	-	-	-	6,000	-5,000	9,000	-14,000	18,000	-16,000	9,000	-16,000	16,000	-36,000	57,000
Increase (Decrease) in Regulatory Assets and Liabilities
-	-	-	-	-	-	-	-	-	-	-22,000	-66,000	45,000	-120,000	-34,000	168,000	67,000	25,000	-4,000	-3,000	-92,000
Net Cash Provided by Operating Activities
307,000	349,000	427,000	502,000	315,000	474,000	334,000	386,000	597,000	441,000	397,000	484,000	441,000	347,000	308,000	510,000	396,000	400,000	181,000	322,000	460,000
Cash Flow from Investing Activities
Payments to Acquire Property, Plant, and Equipment
742,000	695,000	708,000	912,000	425,000	614,000	422,000	352,000	399,000	712,000	635,000	544,000	525,000	671,000	362,000	398,000	276,000	412,000	140,000	166,000	364,000
Contributions in aid of construction
7,000	38,000	15,000	11,000	10,000	24,000	13,000	16,000	7,000	26,000	10,000	15,000	6,000	14,000	14,000	33,000	8,000	-	-	-	-
Proceeds from sale of equity method and other investment
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	3,000	54,000	-	-	-	-
Proceeds from sale of assets
6,000	-	11,000	-1,000	3,000	-	-4,000	69,000	67,000	-	6,000	2,000	1,000	-	-	-	-	-	-	-	-
Proceeds from notes receivable from affiliates
2,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Government grants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	-	-	-	-
Receipts from affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-4,000	4,000	-6,000	-	-	-	-
Distributions received from equity method investments
1,000	1,000	-1,000	3,000	2,000	0	2,000	0	2,000	0	2,000	0	2,000	2,000	2,000	0	2,000	-	-	-	-
Other investments and equity method investments, net
23,000	12,000	21,000	27,000	116,000	13,000	16,000	16,000	0	-9,000	0	9,000	-2,000	7,000	-7,000	12,000	-4,000	-19,000	-11,000	-4,000	-13,000
Net Cash Used in Investing Activities
-749,000	-557,000	-704,000	-926,000	-526,000	-531,000	-427,000	-283,000	-323,000	-674,000	-622,000	-531,000	-514,000	-662,000	-328,000	-336,000	-201,000	-905,000	-121,000	-141,000	-351,000
Cash Flow from Financing Activities
Non-current debt issuances
0	500,000	449,000	994,000	194,000	273,000	-1,000	325,000	0	-	-	-	-	-	-	-	-	0	0	200,000	150,000
Repayments of non-current debt
3,000	2,000	150,000	151,000	43,000	152,000	0	63,000	2,000	240,000	42,000	19,000	4,000	272,000	38,000	3,000	42,000	-	-	-	-
(Repayments) receipts of other short-term debt, net
187,000	-4,000	86,000	-265,000	211,000	489,000	251,000	-415,000	-124,000	55,000	412,000	-47,000	205,000	157,000	1,000	0	-160,000	-	-	-	59,000
Repayments of financing leases
1,000	1,000	1,000	4,000	21,000	0	1,000	4,000	8,000	1,000	1,000	4,000	27,000	6,000	2,000	3,000	1,000	-	-	-	-
Payments on tax equity financing arrangements
-	-	-	-	-	-	-	-	-	29,000	24,000	33,000	27,000	13,000	22,000	36,000	17,000	43,000	5,000	27,000	27,000
Issuance of common stock
-	-	-	-	-	0	0	0	2,000	0	0	0	1,000	-	-	-	-	-	-	-	-
Distributions to noncontrolling interests
1,000	16,000	37,000	7,000	3,000	16,000	38,000	11,000	11,000	-	-	-	-	-	-	-	-	-	-	-	-
Contributions from noncontrolling interests
244,000	0	2,000	128,000	3,000	4,000	-1,000	214,000	6,000	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid
136,000	137,000	136,000	137,000	135,000	136,000	134,000	133,000	134,000	134,000	133,000	134,000	134,000	-	-	-	-	-	-	-	-
Net Cash Provided by Financing Activities
290,000	284,000	213,000	558,000	206,000	60,000	76,000	-91,000	-275,000	245,000	217,000	54,000	12,000	224,000	-194,000	-182,000	-220,000	-116,000	5,000	149,000	64,000
Net Decrease in Cash, Cash Equivalents and Restricted Cash
-152,000	76,000	-64,000	134,000	-5,000	3,000	-17,000	12,000	-1,000	12,000	-8,000	7,000	-61,000	-91,000	-214,000	-8,000	-25,000	-621,000	65,000	330,000	173,000
Supplemental Cash Flow Information
Cash paid for interest, net of amounts capitalized
70,000	83,000	58,000	67,000	58,000	65,000	46,000	64,000	49,000	58,000	45,000	54,000	45,000	47,000	68,000	57,000	57,000	17,000	39,000	42,000	34,000
Cash paid for income taxes
2,000	-2,000	1,000	1,000	2,000	-2,000	2,000	4,000	-17,000	4,000	1,000	5,000	3,000	0	2,000	2,000	5,000	-3,000	2,000	2,000	6,000