Avista corporation (AVA)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Operating Activities:
Net income

129,306

196,763

191,856

196,895

197,523

136,598

118,344

112,673

108,751

115,932

128,420

136,223

141,788

137,316

135,751

136,533

134,520

123,317

117,022

114,450

189,758

192,277

191,566

193,026

118,174

112,294

96,855

90,886

83,688

78,800

88,678

94,353

99,349

103,539

103,818

105,515

108,034

94,948

0

0

0

Non-cash items included in net income:
Depreciation and amortization

208,292

205,994

202,523

199,491

190,618

187,318

184,590

181,449

178,394

175,655

173,314

170,644

167,718

164,925

160,727

156,775

152,747

147,835

144,960

141,925

139,134

138,337

137,295

136,842

136,153

133,189

131,902

129,645

127,698

126,402

122,620

119,279

116,203

113,600

112,707

111,052

109,199

107,626

0

0

0

Provision for deferred income taxes

-550

15,098

8,214

15,419

22,502

8,570

21,990

32,216

46,994

69,657

95,539

104,060

108,127

124,543

126,666

102,292

85,913

51,801

45,315

126,269

142,734

144,269

118,355

49,097

23,865

23,532

19,581

13,523

22,872

21,449

11,604

25,371

22,738

24,007

58,027

34,552

34,545

37,734

0

0

0

Power and natural gas cost amortizations (deferrals), net

8,547

-45,917

-41,887

-44,154

-37,893

10,263

9,640

12,076

8,722

11,741

13,829

13,243

14,547

16,835

22,776

19,902

18,541

21,358

13,139

6,625

1,416

-14,821

-17,215

-19,010

-19,994

-9,408

-13,865

-2,550

5,149

6,702

22,818

26,543

22,018

21,870

16,479

10,288

497

-9,795

0

0

0

Amortization of debt expense

2,664

2,680

2,648

2,670

2,821

2,967

3,141

3,262

3,256

3,254

3,322

3,362

3,414

3,477

3,470

3,494

3,507

3,526

3,544

3,577

3,634

3,692

3,771

3,807

3,819

3,813

3,768

3,772

3,785

3,803

4,307

4,326

4,346

4,617

4,386

4,450

4,599

4,414

0

0

0

Amortization of investment in exchange power

1,020

1,633

2,245

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

0

0

0

-

-

-

-

-

-

-

-

Stock-based compensation expense

7,380

11,353

9,103

8,498

8,249

5,367

6,765

8,594

8,490

7,359

7,439

6,298

6,410

7,891

7,912

7,709

7,520

6,914

7,116

6,717

8,270

8,114

7,761

7,976

6,305

6,218

5,971

5,714

5,638

5,792

0

0

0

-

-

-

-

-

-

-

-

Equity-related AFUDC

6,699

6,585

7,169

6,962

6,647

6,554

6,063

6,222

6,411

6,669

7,181

7,399

7,864

8,475

8,746

8,825

8,377

8,331

8,273

8,445

8,989

8,808

8,151

7,557

6,709

6,066

5,521

5,053

4,603

4,055

3,445

2,738

2,226

2,225

3,572

3,704

3,785

3,353

0

0

0

Pension and other postretirement benefit expense

35,285

36,417

35,176

34,032

32,931

32,017

33,238

34,560

35,896

37,074

37,526

38,010

38,659

38,786

37,947

37,579

37,308

37,050

33,741

30,144

24,745

22,943

27,554

32,174

38,533

42,067

41,947

41,558

41,060

39,838

0

0

0

-

-

-

-

-

-

-

-

Amortization of Spokane Energy contract

-

-

-

-

-

-

-

-

-

-

-

-

-

14,694

14,389

14,088

13,795

13,508

13,226

12,951

12,681

12,417

12,158

11,905

11,657

11,414

11,176

10,943

10,715

10,492

0

0

0

-

-

-

-

-

-

-

-

Other regulatory assets and liabilities and deferred debits and credits

-10,951

-65

-8,430

-7,311

-26,401

-27,512

-24,492

-21,010

139

9,144

18,713

21,907

25,996

26,245

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in decoupling regulatory deferral

10,643

10,327

18,264

8,958

2,520

1,288

-9,422

-16,040

-15,025

-24,179

-15,097

-5,363

3,476

29,789

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of investments

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-6,471

-13,526

-7,943

-4,898

-4,607

1,114

6,012

3,548

5,754

1,860

315

945

5,450

5,557

106

2,918

2,551

-517

-9,036

-6,078

-6,186

1,103

20,661

17,867

16,076

12,982

3,234

5,078

6,525

5,256

-29,035

-22,670

-17,789

-4,988

67,117

45,144

-2,288

-2,365

0

0

0

Contributions to defined benefit pension plan

22,000

22,000

22,000

22,000

22,000

22,000

22,000

21,800

21,900

22,000

22,000

18,800

15,400

12,000

12,000

12,000

12,000

12,000

12,000

18,500

25,000

32,000

32,263

95,103

69,933

44,263

132,000

44,060

44,030

44,000

-96,000

-72,650

-49,200

-26,000

-16,000

-17,750

-19,500

-21,000

0

0

0

Changes in certain current assets and liabilities:
Accounts and notes receivable

-11,499

4,366

5,850

2,598

10,276

-15,474

-14,074

-11,198

-7,361

9,270

18,362

21,857

36,202

17,170

6,336

-14,064

-5,162

10,538

31,662

50,051

31,018

16,425

-46,755

-48,318

-47,500

-32,675

2,325

4,176

5,547

-8,100

-15,437

-20,599

-34,190

-30,616

-6,260

-1,425

16,920

19,081

0

0

0

Materials and supplies, fuel stock and natural gas stored

-4,147

6,148

8,414

14,206

15,016

5,807

-3,195

-4,286

2,081

4,767

7,887

9,555

3,300

-834

-1,655

766

100

-12,208

-48,994

-39,369

-29,824

-19,394

16,100

9,133

7,505

2,509

5,778

-5,815

-6,036

-4,551

-13,813

3,454

-2,042

3,388

8,362

-5,866

6,628

11,248

0

0

0

Collateral posted for derivative instruments

-46,259

-63,974

-13,492

856

19,078

4,128

-26,652

-27,146

1,392

22,394

-28,570

-88,751

-50,963

-10,712

23,138

95,892

37,656

13,301

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease (Increase) in Collateral Posted for Derivative Instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes receivable

0

-

-

-

0

-

-

-

-

-53,414

12,955

20,016

31,027

33,923

48,716

24,629

12,349

-19,772

-80,021

-71,278

-71,658

-36,110

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current assets

7,528

3,657

10,141

15,204

411

2,589

5,961

-5,551

2,463

2,106

-4,563

3,296

-83

3,907

9,556

4,707

2,239

-2,338

-8,639

-4,453

-6,094

-7,117

-22,443

-14,030

-13,174

2,608

25,412

22,097

30,591

-4,962

-11,495

10,334

13,125

23,881

51,143

24,602

11,320

9,230

0

0

0

Accounts payable

-28,753

7,471

7,556

1,779

38,224

-470

5,438

-369

-9,920

-8,162

-7,610

7,225

15,741

5,176

7,034

-13,226

-8,397

-8,138

-22,490

-4,933

-32,042

-12,562

-7,083

-15,308

1,324

-8,389

17,216

6,539

25,523

30,189

-16,821

17,546

-17,470

-18,032

11,676

6,548

6,106

13,606

0

0

0

Other current liabilities

-9,389

-1,199

-5,213

-4,432

-8,649

-370

2,073

3,285

22,654

1,058

1,019

3,562

11,572

10,546

6,440

896

-993

-6,471

10,097

14,143

37,918

32,060

25,064

23,664

-27,455

8,827

-785

-593

21,909

-6,474

-4,888

-4,136

5,009

-188

7,815

15,315

10,114

5,189

0

0

0

Net cash provided by operating activities

336,605

398,212

336,581

339,131

373,991

361,885

468,580

457,197

445,358

410,298

411,662

430,842

400,827

358,267

318,514

299,479

336,017

375,640

312,798

275,392

257,148

267,268

305,869

310,750

294,076

242,557

261,547

272,631

300,633

316,553

286,449

305,730

287,502

269,465

267,152

277,079

250,645

228,437

0

0

0

Investing Activities:
Utility property capital expenditures (excluding equity-related AFUDC)

444,420

442,510

449,098

441,206

436,148

424,350

420,702

417,757

407,393

412,339

406,425

401,543

404,529

406,644

408,696

398,488

400,706

393,425

368,553

366,754

347,388

325,516

303,415

285,533

283,443

294,363

313,459

296,055

284,061

271,187

248,624

261,376

247,899

239,782

233,742

220,824

209,329

202,227

0

0

0

Other capital expenditures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

592

-

963

809

2,910

6,427

13,341

13,528

11,860

8,750

2,604

3,865

4,462

4,787

4,768

4,256

4,260

3,590

3,859

3,079

2,438

2,429

0

0

0

Federal and state grant payments received

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,231

7,435

5,852

3,409

-5,006

-6,091

-6,989

-8,277

-36,228

-28,235

-15,430

-16,928

0

0

0

-

-

-

-

Issuance of notes receivable by subsidiaries

9,882

7,303

6,661

1,675

2,755

3,555

3,830

3,980

4,300

3,700

3,176

2,926

9,418

10,094

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of notes receivable at subsidiaries

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity and property investments made by subsidiaries

11,317

13,508

14,685

12,476

13,116

13,283

11,410

10,764

14,724

13,680

15,255

16,456

14,366

13,097

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of investments made by subsidiaries

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions received from investments

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash received (paid) in acquisition, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50,310

81,520

81,520

81,520

31,409

0

0

0

-

-

-

-

Increase in funds held for clients

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,931

28,839

27,791

10,347

-1,815

-14,511

-20,288

-31,862

6,811

-25,641

-28,698

4,931

-78,561

-10,792

12,268

-1,324

48,895

0

0

0

Purchase of securities available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35,949

47,480

67,473

88,869

100,374

0

0

0

-

-

-

-

-

-

-

-

Sale and maturity of securities available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,612

20,617

22,442

27,363

22,960

51,409

81,637

117,999

137,999

0

0

0

-

-

-

-

-

-

-

-

Other

-1,086

-1,403

-977

-1,390

-1,277

-756

1,582

4,918

5,113

4,384

1,923

-494

7,545

7,631

15,075

12,900

6,064

4,007

-5,995

-4,370

-3,965

-2,155

-3,948

-2,555

-334

1,339

6,544

7,686

6,496

7,475

9,243

7,032

7,561

6,435

6,788

6,247

3,249

3,480

0

0

0

Net cash used in investing activities

-442,978

-445,511

-453,060

-437,560

-450,742

-440,432

-439,439

-437,419

-431,530

-434,103

-419,864

-415,431

-430,739

-432,466

-431,678

-418,862

-399,306

-387,827

-368,079

-346,563

-123,214

-103,736

-85,418

-90,075

-286,228

-312,217

-299,161

-267,063

-227,038

-294,668

-343,635

-400,811

-436,756

-282,281

-268,523

-231,985

-205,730

-253,223

0

0

0

Financing Activities:
Net decrease in short-term borrowings

66,000

-4,200

172,001

169,001

69,001

84,603

-160,398

-136,398

-55,398

-15,000

8,000

-24,000

15,000

15,000

57,000

70,000

25,000

0

95,000

-61,500

-46,000

-66,000

-31,000

56,000

58,500

119,000

-16,000

4,500

15,500

-9,000

-14,500

16,000

-28,000

-49,000

-2,500

-14,000

-39,000

23,000

0

0

0

Borrowings from Ecova line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,000

8,000

11,000

11,000

33,000

0

0

0

-

-

-

-

2,300

0

0

0

Repayment of borrowings from Ecova line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

46,000

50,000

52,000

12,000

11,000

16,000

19,000

17,000

14,000

0

0

0

-

-

-

-

8,000

0

0

0

Maturity of long-term debt and capital leases

92,695

92,660

2,629

2,598

275,066

277,438

277,626

277,814

5,502

3,287

73,257

163,227

163,197

163,167

93,106

3,074

3,058

2,905

2,778

41,236

40,541

39,971

89,414

50,252

50,430

50,462

544

587

11,528

11,492

0

0

0

-

-

110,286

110,278

110,242

0

0

0

Maturity of nonrecourse long-term debt of Spokane Energy

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,431

5,666

9,812

13,872

16,407

16,022

15,662

15,309

14,965

14,631

14,304

13,984

13,669

13,358

13,053

12,754

12,463

12,181

11,904

11,634

11,370

0

0

0

Long-term debt and short-term borrowing issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,292

2,259

2,207

4,477

3,020

3,202

3,186

916

0

0

0

Issuance of common stock

64,585

64,600

42,882

14,909

1,165

1,207

56,114

56,360

56,297

56,380

1,687

21,027

40,118

66,953

66,919

47,653

28,339

1,560

2,032

3,160

3,793

4,060

3,555

3,572

4,098

4,609

4,859

28,521

28,791

29,079

33,946

14,160

19,442

26,463

32,774

52,603

54,319

46,235

0

0

0

Repurchase of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,920

21,813

82,776

82,776

79,856

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash dividends paid

104,546

102,772

101,249

100,098

99,027

98,046

96,809

95,368

93,927

92,460

91,202

90,080

88,776

87,154

85,741

84,396

83,225

82,397

81,590

81,255

79,814

78,314

76,865

74,936

74,109

73,276

72,300

71,118

69,863

68,552

67,267

66,109

65,030

63,737

61,982

59,876

57,709

55,682

0

0

0

Increase in client fund obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,216

20,119

21,274

-6,110

11,278

-18,401

-34,540

-60,766

-30,996

8,584

60,985

110,586

17,782

0

0

0

-

-

-

-

Payments to Noncontrolling Interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

917

909

674

6,179

0

0

0

-

-

-

-

Issuance of subsidiary noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Increase in customer fund obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Other

-3,912

-2,402

-1,242

-887

-4,329

-7,916

-8,589

-9,256

-5,204

-4,163

-4,394

-4,243

-4,821

-4,410

-4,138

-13,520

-13,081

-11,379

-5,981

2,865

6,030

7,359

-1,399

-1,065

-4,414

-4,315

1,377

1,854

2,843

3,094

1,128

1,528

867

530

485

10

8

-118

0

0

0

Net cash used in financing activities

109,405

42,539

109,763

80,327

66,365

77,031

-22,687

2,145

-13,734

31,470

15,834

-15,523

43,324

72,222

110,934

116,663

53,975

528

54,204

-120,554

-202,025

-223,963

-302,039

-98,119

-6,873

76,770

46,641

-13,573

-57,101

-21,083

62,035

118,581

160,120

18,065

22,792

-13,708

-22,681

57,164

0

0

0

Cash And Cash Equivalents Period Increase (Decrease) Including Cash Held for Sale

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents for cash classified within assets held for sale

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

3,032

-4,760

-6,716

-18,102

-10,386

-1,516

6,454

21,923

94

7,665

7,632

-112

13,412

-1,977

-2,230

-2,720

-9,314

-11,659

-1,077

-191,725

-68,091

-60,431

-81,588

122,556

975

7,110

9,027

-8,005

16,494

802

4,849

23,500

10,866

5,249

21,421

31,386

22,234

32,378

0

0

0

Supplemental Cash Flow Information:
Cash paid (received) during the year:
Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

75,411

77,046

75,583

75,611

74,900

70,988

70,898

69,330

69,083

70,792

72,004

72,553

74,195

0

0

0

Income taxes paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

44,772

29,064

24,857

8,076

8,069

14,472

16,018

25,573

26,451

27,498

31,731

16,489

14,153

0

0

0

Non-cash financing and investing activities:
Accounts payable for capital expenditures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,723

22,088

19,810

23,384

21,331

21,543

20,792

19,343

20,629

4,678

9,787

8,797

8,315

0

0

0

Utility property acquired under capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,300

0

0

0

Valuation adjustment for redeemable noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,704

1,416

-4,142

-8,998

-10,104

-9,362

-5,726

8,252

4,059

8,131

14,373

3,434

10,442

0

0

0