AVISTA CORPORATION AVA Income Statement

Avista corporation (AVA)

Income statement / 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	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Income (Loss) from Continuing Operations Attributable to Parent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,859	12,722	25,050	46,449	30,581	10,506	31,254	47,476	-	8,450	24,212	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Revenues:
Utility revenues, exclusive of alternative revenue programs
393,820	364,774	276,683	288,826	393,241	362,654	288,513	309,134	408,356	396,628	296,375	304,404	445,573	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Alternative revenue programs
-4,413	-1,491	6,038	9,725	-4,658	2,671	606	3,570	-5,939	-4,148	-4,735	4,325	-15,036	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total utility revenues
389,407	363,283	282,721	298,551	388,583	365,325	289,119	312,704	402,417	392,480	291,640	308,729	430,537	396,244	296,989	312,888	412,793	381,449	307,405	330,830	436,407	401,852	291,262	303,105	437,124	394,876	278,473	297,719	431,127	361,525	292,085	293,315	405,460	382,301	301,551	319,973	437,697	337,506	331,092	325,667	423,581	284,249	279,865
Non-utility revenues
823	1,276	1,049	2,261	7,898	6,896	6,894	6,594	6,944	5,382	5,456	5,772	5,933	5,879	6,360	5,950	5,380	5,856	6,244	6,502	10,083	9,994	10,296	9,475	9,454	9,404	11,004	9,769	9,372	9,046	9,930	10,190	9,787	-81,222	42,159	40,584	38,889	-65,121	36,080	35,066	32,834	23,952	21,653
Ecova revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42,407	-	38,617	40,080	37,010	-	-	-	-	-	-	-	-	-	-
Non-utility energy marketing and trading revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,491	5,593
Revenues
390,230	364,559	283,770	300,812	396,481	372,221	296,013	319,298	409,361	397,862	297,096	314,501	436,470	402,123	303,349	318,838	418,173	387,305	313,649	337,332	446,490	411,846	301,558	312,580	446,578	361,873	289,477	307,488	482,906	254,864	340,632	343,585	452,257	438,927	343,710	360,557	476,586	374,420	367,172	360,733	456,415	314,692	307,111
Operating Expenses:
Utility operating expenses:
Resource costs
129,547	115,707	98,324	88,439	137,347	132,630	101,519	105,969	154,618	147,661	108,568	102,751	165,586	161,095	118,737	109,815	161,719	168,078	138,210	141,116	209,560	197,237	131,588	128,922	220,497	202,309	131,136	126,511	229,630	192,322	153,801	135,992	211,012	214,758	171,393	155,776	248,121	166,211	201,113	168,184	259,567	167,462	125,651
Other operating expenses
94,496	93,402	80,112	87,720	83,978	81,503	78,395	81,078	77,298	82,931	75,927	78,842	72,443	76,132	75,160	78,666	75,779	82,622	74,315	73,112	73,172	79,637	72,509	67,349	67,337	75,404	69,596	65,784	65,444	80,021	66,456	64,981	65,322	72,965	60,579	68,700	59,682	78,393	59,961	58,334	55,749	55,332	57,489
Merger transaction costs
0	25	0	11	19,664	1,098	965	983	672	6,614	6,730	1,274	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
51,421	50,920	50,052	55,479	48,914	46,458	46,035	45,651	44,733	43,685	42,968	42,643	41,985	41,404	40,240	39,678	39,192	37,220	36,303	35,676	34,300	34,370	33,294	31,180	30,726	30,391	29,823	29,025	27,935	28,764	28,255	27,754	27,318	27,029	26,341	26,407	25,852	26,664	24,918	24,642	24,330	23,630	23,180
Taxes other than income taxes
30,978	27,346	23,455	22,908	31,943	25,769	25,101	25,596	30,829	27,019	23,269	23,802	32,662	24,066	22,669	22,615	29,385	22,233	22,269	23,257	29,898	23,787	21,000	21,367	28,146	22,298	18,712	21,608	25,817	19,686	18,122	20,435	25,166	21,826	16,829	19,699	24,993	18,503	15,842	17,866	21,171	16,284	17,482
Other non-utility operating expenses:
Resource costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,239	5,341
Other operating expenses
1,360	3,746	1,450	6,332	7,355	7,367	7,347	6,543	6,824	5,787	6,598	7,086	6,179	6,639	6,756	6,281	5,825	6,602	6,462	6,646	9,816	9,904	10,251	880	9,383	9,679	10,212	9,415	9,345	9,561	10,131	10,082	8,267	-62,464	31,726	32,609	31,246	-49,638	25,862	28,204	25,958	20,465	18,516
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	171	175	190	281	131	212	168	-	-	-	-	-4,300	1,732	1,754	1,816	1,526	1,370
Ecova operating expenses:
Other operating expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35,990	-	33,868	34,750	35,774	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
235	131	134	155	209	212	207	199	181	258	137	157	188	196	193	192	188	183	178	165	169	158	154	151	147	-	-	-	3,493	-	3,260	3,359	2,836	1,520	1,964	1,842	1,867	-	-	-	-	-	-
Total operating expenses
308,037	291,252	253,527	261,044	329,410	295,037	259,569	266,019	315,155	313,955	264,197	256,555	319,043	309,532	263,755	257,247	312,088	316,938	277,737	279,972	356,915	345,093	268,796	249,849	356,236	300,643	259,650	252,518	397,844	216,788	314,024	297,565	375,863	386,150	308,832	305,033	391,761	322,003	329,428	298,984	388,591	290,938	249,029
Operating Income (Loss)
82,193	73,307	30,243	39,768	67,071	77,184	36,444	53,279	94,206	83,907	32,899	57,946	117,427	92,591	39,594	61,591	106,085	70,367	35,912	57,360	89,575	66,753	32,762	62,731	90,342	61,230	29,827	54,970	85,062	38,076	26,608	46,020	76,394	52,777	34,878	55,524	84,825	52,417	37,744	61,749	67,824	23,754	58,082
Interest expense
26,347	25,991	25,859	25,511	25,651	25,489	24,280	25,170	24,776	24,191	23,955	23,670	23,545	22,273	21,632	21,318	21,273	20,249	19,951	19,866	19,902	19,369	18,642	18,547	18,744	18,820	19,168	19,438	19,692	17,651	19,128	19,188	19,137	18,461	18,703	18,272	18,440	18,731	18,830	19,113	19,115	15,435	16,160
Interest expense to affiliated trusts
270	300	334	351	357	341	325	302	253	230	216	200	185	178	164	154	138	126	120	115	112	114	113	112	111	115	117	117	118	128	136	137	140	-123	152	152	151	155	175	159	146	189	253
Capitalized interest
998	1,056	1,089	1,101	928	615	1,217	1,139	968	797	899	890	724	393	507	837	914	845	905	879	917	2,539	1,212	834	-661	6,378	-820	-942	-940	-636	-644	-596	-525	-2,361	-957	814	-438	828	-432	-374	-320	-298	-449
Merger termination fee
0	0	0	0	103,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income-net
382	5,933	-180	8,268	907	2,493	-1,379	1,907	-4,479	-1,458	-16	-193	1,060	-7,005	1,562	3,041	2,422	3,110	2,123	1,836	2,231	3,083	2,608	3,055	2,600	342	488	2,192	2,145	-179	-418	1,601	1,709	6,494	-1,626	-803	-632	5,972	-807	-969	-1,699	153	-210
Income before income taxes
56,956	54,005	4,959	23,275	145,898	54,462	11,677	30,853	65,666	58,825	9,611	34,773	95,481	63,528	19,867	43,997	88,010	53,947	18,869	40,094	72,709	51,570	17,827	47,961	74,748	43,611	11,850	38,549	68,337	20,754	7,570	28,892	59,351	41,666	15,354	37,111	66,040	38,675	18,364	41,882	47,184	8,581	41,908
Income Tax Expense (Benefit)
8,532	3,229	-131	-1,741	30,017	8,593	1,548	5,209	10,710	31,210	5,153	13,051	33,344	23,425	7,606	16,710	30,345	20,071	6,115	15,016	26,247	20,966	7,301	16,691	27,282	15,101	3,367	14,310	25,236	6,658	1,608	10,360	21,138	15,695	3,717	13,583	23,637	12,425	5,030	15,835	17,867	-53	15,619
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,754	25,078	-	30,604	10,526	31,270	47,466	-	8,483	24,239	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	289	196	-	1,639	-55	69,617	1,023	-	2,963	1,445	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	289	196	-	1,639	-55	69,312	1,515	-	3,448	1,491	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
48,424	50,776	5,090	25,016	115,881	45,869	10,129	25,644	54,956	27,615	4,458	21,722	62,137	40,103	12,261	27,287	57,665	38,538	13,043	25,274	46,462	32,243	10,471	100,582	48,981	31,532	11,931	25,730	43,101	16,093	5,962	18,532	38,213	25,971	11,637	23,528	42,403	26,250	13,334	26,047	29,317	8,634	26,289
Net income attributable to noncontrolling interests
0	0	0	-303	87	26	10	67	66	37	7	-49	21	12	27	33	16	17	32	28	13	23	20	-289	482	-134	518	73	760	235	176	354	-175	-	-	-	-	-	-	-	-	-	-
Comprehensive income attributable to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	935	527	485	-	988	507	507	495	437
Net Income (Loss) Attributable to Parent
48,424	50,776	5,090	25,319	115,794	45,843	10,119	25,577	54,890	27,578	4,451	21,771	62,116	40,091	12,234	27,254	57,649	38,521	13,011	25,246	46,449	32,220	10,451	100,871	48,499	31,666	11,413	25,657	42,341	15,858	5,786	18,178	38,388	24,603	10,702	23,001	41,918	25,729	12,346	25,540	28,810	8,139	25,852
Weighted-average common shares outstanding (thousands), basic
67,239	66,928	66,265	65,894	65,733	65,688	65,688	65,677	65,639	64,809	64,412	64,401	64,362	64,184	63,857	63,386	62,605	62,306	62,299	62,281	62,318	62,288	63,934	60,184	60,122	60,043	59,994	59,937	59,866	59,782	59,047	58,702	58,581	58,302	58,057	57,787	57,342	56,864	55,616	55,031	54,869	54,706	54,654
Weighted-average common shares outstanding (thousands), diluted
67,381	67,061	66,351	65,963	65,941	65,844	66,026	65,983	65,931	65,310	64,892	64,553	64,469	64,665	64,325	63,783	62,907	62,655	62,688	62,600	62,889	62,673	64,244	60,463	60,168	60,096	60,032	59,962	59,898	59,807	59,123	58,924	58,950	58,579	58,232	58,143	57,414	57,149	55,801	55,231	55,115	55,094	54,827
Earnings Per Share, Basic [Abstract]
Income (Loss) from Continuing Operations, Per Basic Share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.21	0.41	-	0.47	0.16	0.52	0.79	-	0.14	0.40	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	-	0.00	0.00	1.16	0.02	-	0.05	0.03	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Per Share [Abstract]
Basic
0.72	0.76	0.08	0.38	1.76	0.70	0.15	0.39	0.84	0.42	0.07	0.34	0.97	0.62	0.19	0.43	0.92	0.61	0.21	0.41	0.75	0.47	0.16	1.68	0.81	0.52	0.19	0.43	0.71	0.25	0.10	0.31	0.66	0.42	0.18	0.40	0.73	0.45	0.22	0.46	0.53	0.15	0.47
Diluted
0.72	0.75	0.08	0.38	1.76	0.70	0.15	0.39	0.83	0.42	0.07	0.34	0.96	0.61	0.19	0.43	0.92	0.62	0.21	0.40	0.74	0.46	0.16	1.67	0.81	0.52	0.19	0.43	0.71	0.26	0.10	0.31	0.65	0.42	0.18	0.39	0.73	0.45	0.22	0.46	0.52	0.15	0.47
Earnings Per Share, Diluted [Abstract]
Income (Loss) from Continuing Operations, Per Diluted Share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.21	0.40	-	0.46	0.16	0.52	0.79	-	0.14	0.40	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	-	0.00	0.00	1.15	0.02	-	0.05	0.03	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Stock, Dividends, Per Share, Cash Paid
-	-	-	-	-	-	-	-	-	-	0.35	0.35	0.35	-	0.34	0.34	0.34	0.33	0.33	0.33	0.33	0.31	0.31	0.31	0.31	-	0.30	0.30	0.30	-	0.29	0.29	0.29	-	0.27	0.27	0.27	0.25	0.25	0.25	0.25	0.21	0.21