AVISTA CORPORATION AVA Cash Flow

Avista corporation (AVA)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Operating Activities:
Net income
196,763	136,598	115,932	137,316	123,317	192,277	112,294	78,800	103,539	94,948	88,648	74,757
Non-cash items included in net income:
Depreciation and amortization
205,994	187,318	175,655	164,925	147,835	138,337	133,189	126,402	113,600	107,626	99,775	92,632
Provision for deferred income taxes
15,098	8,570	69,657	124,543	51,801	144,269	23,532	21,449	24,007	37,734	13,853	44,161
Power and natural gas cost amortizations (deferrals), net
-45,917	10,263	11,741	16,835	21,358	-14,821	-9,408	6,702	21,870	-9,795	51,359	45,836
Amortization of debt expense
2,680	2,967	3,254	3,477	3,526	3,692	3,813	3,803	4,617	4,414	5,673	4,673
Amortization of investment in exchange power
1,633	2,450	2,450	2,450	2,450	2,450	2,450	2,450	2,450	2,450	2,450	2,450
Stock-based compensation expense
11,353	5,367	7,359	7,891	6,914	8,114	6,218	5,792	5,756	4,916	2,906	3,001
Equity-related AFUDC
6,585	6,554	6,669	8,475	8,331	8,808	6,066	4,055	2,225	3,353	3,078	5,692
Pension and other postretirement benefit expense
36,417	32,017	37,074	38,786	37,050	22,943	42,067	39,838	32,067	24,760	-	-
Amortization of Spokane Energy contract
-	-	-	14,694	13,508	12,417	11,414	10,492	9,645	8,866	-	-
Write-off of wind generation capitalized costs
-	-	-	-	-	-	2,534	0	0	-	-	-
Gain on sale of Ecova
-	-	-	-	777	160,612	0	0	-	-	-	-
Other regulatory assets and liabilities and deferred debits and credits
-65	-27,512	9,144	26,245	-4,569	-7,906	-	-	-	-	-	-
Change in decoupling regulatory deferral
10,327	1,288	-24,179	29,789	10,933	0	-	-	-	-	-	-
Gain (Loss) on Disposition of Business
7,450	0	0	-	-	-	-	-	-	-	-	-
Other
-13,526	1,114	1,860	5,557	-517	1,103	12,982	5,256	-4,988	-2,365	-26,147	20,544
Payments for settlements with Coeur d' Alene Tribe
-	-	-	-	-	-	-	-	-	-	-12,000	-25,187
Contributions to defined benefit pension plan
22,000	22,000	22,000	12,000	12,000	32,000	44,263	44,000	-26,000	-21,000	48,000	28,000
Cash paid on settlement of interest rate swap agreements
13,325	32,174	11,302	53,966	0	-	-2,901	18,547	10,557	0	-10,776	16,395
Cash received on settlement of interest rate swap agreements
0	5,594	2,479	0	0	-	-	-	-	-	-	-
Payments For (Proceeds From) Derivative Instrument Operating Activities
-	-	-	-	-	0	-	-	-	-	-	-
Changes in certain current assets and liabilities:
Accounts and notes receivable
4,366	-15,474	9,270	17,170	10,538	16,425	-32,675	-8,100	-30,616	19,081	-14,659	116,714
Materials and supplies, fuel stock and natural gas stored
6,148	5,807	4,767	-834	-12,208	-19,394	2,509	-4,551	3,388	11,248	-16,245	18,541
Collateral posted for derivative instruments
-63,974	4,128	22,394	-10,712	13,301	-23,301	-16,073	9,695	-	-	-	-
Income taxes receivable
8,736	-2,021	-53,414	33,923	-19,772	-36,110	-5,006	-12,601	-	-	-	-
Other current assets
3,657	2,589	2,106	3,907	-2,338	-7,117	2,608	-4,962	23,881	9,230	3,528	10,494
Accounts payable
7,471	-470	-8,162	5,176	-8,138	-12,562	-8,389	30,189	-18,032	13,606	-18,444	47,669
Deposits from counterparties
-	-	-	-	-	-	-	-	-	-	-	-12,290
Other current liabilities
-1,199	-370	1,058	10,546	-6,471	32,060	8,827	-6,474	-188	5,189	22,116	-3,427
Net cash provided by operating activities
398,212	361,885	410,298	358,267	375,640	267,268	242,557	316,553	269,465	228,437	258,781	115,378
Investing Activities:
Utility property capital expenditures (excluding equity-related AFUDC)
442,510	424,350	412,339	406,644	393,425	325,516	294,363	271,187	239,782	202,227	205,384	219,239
Other capital expenditures
-	-	-	-	-	6,427	8,750	4,787	3,590	2,429	3,120	3,459
Federal and state grant payments received
-	-	-	-	-	-	3,409	-8,277	-16,928	-7,585	-	-
Cash Acquired in Excess of Payments to Acquire Business
-	-	-	-	-	15,007	0	0	-	-	-	-
Issuance of notes receivable by subsidiaries
7,303	3,555	3,700	10,094	2,307	1,200	-	-	-	-	-	-
Repayments of notes receivable at subsidiaries
-	-	-	5,000	0	0	-	-	-	-	-	-
Equity and property investments made by subsidiaries
13,508	13,283	13,680	13,097	1,944	1,072	-	-	-	-	-	-
Distributions received from investments
-16,407	0	0	0	0	-	-	-	-	-	-	-
Decrease in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-4,068
Cash received (paid) in acquisition, net
-	-	-	-	-	-	-	50,310	31,409	3,777	8,572	1,440
Increase in funds held for clients
-	-	-	-	-	18,931	-1,815	6,811	-78,561	48,895	-8,507	-30,790
Purchase of securities available for sale
-	-	-	-	-	12,267	35,949	100,374	96,634	0	-	-
Sale and maturity of securities available for sale
-	-	-	-	-	14,612	22,960	137,999	80	0	-	-
Proceeds from sale of METALfx (net of cash sold)
-	-	-	-	13,856	229,903	0	0	-	-	-	-
Proceeds from asset sales
-	-	-	-	-	-	-	-	-	-	-	7,998
Other
-1,403	-756	4,384	7,631	4,007	-2,155	1,339	7,475	6,435	3,480	1,583	-2,561
Net cash used in investing activities
-445,511	-440,432	-434,103	-432,466	-387,827	-103,736	-312,217	-294,668	-282,281	-253,223	-210,152	-178,721
Financing Activities:
Net decrease in short-term borrowings
-4,200	84,603	-15,000	15,000	0	-66,000	119,000	-9,000	-49,000	23,000	-159,500	252,200
Borrowings from Ecova line of credit
-	-	-	-	-	-	3,000	33,000	35,000	2,300	-	0
Repayment of borrowings from Ecova line of credit
-	-	-	-	-	46,000	11,000	14,000	0	8,000	-	0
Proceeds from issuance of long-term debt
180,000	374,621	90,000	245,000	100,000	150,000	90,000	80,000	85,000	136,365	249,425	296,165
Maturity of long-term debt and capital leases
92,660	277,438	3,287	163,167	2,905	39,971	50,462	11,492	297	110,242	17,266	403,856
Premiums paid for the redemption of long-term debt
-	-	-	-	-	-	-	-	-	10,710	-	0
Maturity of nonrecourse long-term debt of Spokane Energy
-	-	-	-	1,431	16,407	14,965	13,669	12,463	11,370	-	0
Redemption of long-term debt to affiliated trusts
-	-	-	-	-	-	-	-	-	-	-61,856	0
Long-term debt and short-term borrowing issuance costs
-	-	-	-	-	-	-	-	4,477	916	3,726	5,024
Issuance of common stock
64,600	1,207	56,380	66,953	1,560	4,060	4,609	29,079	26,463	46,235	2,622	28,565
Repurchase of common stock
-	-	-	-	2,920	79,856	0	0	-	-	-	-
Cash dividends paid
102,772	98,046	92,460	87,154	82,397	78,314	73,276	68,552	63,737	55,682	44,360	37,071
Increase in client fund obligations
-	-	-	-	-	16,216	11,278	-30,996	17,782	48,895	-8,507	-
Payments to Noncontrolling Interests
-	-	-	-	-	54,179	0	0	6,179	2,593	5,450	6,624
Payments for Repurchase of Redeemable Noncontrolling Interest
-	-	-	-	-	20,871	0	0	-	-	-	-
Issuance of subsidiary noncontrolling interest
-	-	-	-	-	-	-	-	0	0	-	-
Increase in customer fund obligations
-	-	-	-	-	-	-	-	-	-	-	-30,790
Other
-2,402	-7,916	-4,163	-4,410	-11,379	7,359	-4,315	3,094	530	-118	1,935	-1,353
Net cash used in financing activities
42,539	77,031	31,470	72,222	528	-223,963	76,770	-21,083	18,065	57,164	-35,907	75,817
Net increase in cash and cash equivalents
-4,760	-1,516	7,665	-1,977	-11,659	-60,431	7,110	802	5,249	32,378	12,722	12,474
Supplemental Cash Flow Information:
Cash paid (received) during the year:
Interest
99,060	97,437	95,499	86,319	79,673	73,526	75,411	74,900	69,083	74,195	58,756	76,620
Income taxes paid
26,764	17,801	5,579	5,403	27,239	45,416	44,772	8,069	26,451	14,153	22,695	10,004
Income tax refunds
979	3,025	47,086	18,861	37,200	35,573	123	11,584	-	-	-	-
Non-cash financing and investing activities:
Accounts payable for capital expenditures
25,644	31,868	31,157	30,252	35,248	26,959	12,723	21,331	20,629	8,315	8,404	10,509
Utility property acquired under capital leases
-	-	-	-	-	-	-	-	-	5,300	-	0
Valuation adjustment for redeemable noncontrolling interests
-	-	-	-	-	-15,873	10,704	-10,104	4,059	10,442	-400	21,362
Escrow receivable included in investing activities
-	-	-	-	-	13,079	0	0	-	-	-	-
Stock Issued During Period, Value, Acquisitions Net of Issuance Costs
-	-	-	-	-	150,119	0	0	-	-	-	-
Contingent consideration by subsidiary for acquisition.
-	-	-	-	-	-	-	-	-	-	-	0
Issuance of stock by subsidiary for acquisition
-	-	-	-	-	-	-	-	-	-	-	37,000