Avista Corp (AVA) financial statements: income statement, balance sheet and cash flow
Avista Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Avista Corp reported revenue of $2.0B (+1.3% year on year) and net income of $193.0M (+7.2% year on year).
Income statement
Avista Corp income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Utility revenues, exclusive of alternative revenue programs
$1.9B
$1.9B
$1.7B
$1.7B
Alternative revenue programs
$23.0M
$35.0M
$4.9M
($33.4M)
Total utility revenues
$2.0B
$1.9B
$1.8B
$1.7B
Non-utility revenues
$1.0M
$1.0M
$558.0K
$688.0K
Total operating revenues
$2.0B
$1.9B
$1.8B
$1.7B
Resource costs
$691.0M
$798.0M
$702.4M
$735.9M
Other operating expenses
$504.0M
$442.0M
$413.6M
$405.2M
Depreciation and amortization
$289.0M
$274.0M
$265.3M
$253.0M
Taxes other than income taxes
$121.0M
$116.0M
$109.7M
$114.2M
Non-utility operating expenses
$5.0M
$2.0M
$2.8M
—
Total operating expenses
$1.6B
$1.6B
$1.5B
$1.5B
Income from operations
$354.0M
$306.0M
$257.7M
$190.2M
Interest expense
$152.0M
$147.0M
$140.8M
$117.6M
Interest expense to affiliated trusts
$2.0M
$3.0M
$2.5M
$1.1M
Capitalized interest
($6.0M)
($5.0M)
($3.6M)
($3.7M)
Other income-net
($11.0M)
($22.0M)
($19.5M)
($62.7M)
Income before income taxes
$217.0M
$183.0M
$137.6M
$138.0M
Income tax expense (benefit)
$24.0M
$3.0M
($33.6M)
($17.2M)
Net income
$193.0M
$180.0M
$171.2M
$155.2M
Weighted-average common shares outstanding (thousands), basic
81.0M
78.7M
76.4M
73.0M
Weighted-average common shares outstanding (thousands), diluted
81.1M
78.8M
76.5M
73.1M
Basic
$2.38
$2.29
$2.24
$2.13
Diluted
$2.38
$2.29
$2.24
$2.12
Avista Corp income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Utility revenues, exclusive of alternative revenue programs
$398.0M
$547.0M
$411.0M
$399.0M
Alternative revenue programs
$15.0M
$23.0M
($8.0M)
$12.0M
Total operating revenues
$413.0M
$570.0M
$403.0M
$411.0M
Resource costs
$127.0M
$206.0M
$115.0M
$130.0M
Other operating expenses
$136.0M
$128.0M
$125.0M
$124.0M
Depreciation and amortization
$68.0M
$67.0M
$73.0M
$72.0M
Taxes other than income taxes
$27.0M
$35.0M
$27.0M
$28.0M
Non-utility operating expenses
$1.0M
$0
$3.0M
$0
Total operating expenses
$359.0M
$436.0M
$343.0M
$354.0M
Income from operations
$54.0M
$134.0M
$60.0M
$57.0M
Interest expense
$39.0M
$40.0M
$38.0M
$37.0M
Interest expense to affiliated trusts
$1.0M
$0
$1.0M
$0
Capitalized interest
($2.0M)
($2.0M)
($1.0M)
($1.0M)
Other income-net
($4.0M)
($9.0M)
($9.0M)
$6.0M
Income before income taxes and equity method earnings (losses)
$20.0M
—
—
—
Income tax expense
$6.0M
$13.0M
$2.0M
$1.0M
Equity method earnings (losses)
$21.0M
—
—
—
Net income and Comprehensive income
$35.0M
$92.0M
$29.0M
$14.0M
Weighted-average common shares outstanding (thousands), basic
83.1M
82.3M
81.2M
80.7M
Weighted-average common shares outstanding (thousands), diluted
83.1M
82.4M
81.3M
80.8M
Basic
$0.43
$1.11
$0.36
$0.17
Diluted
$0.43
$1.11
$0.36
$0.17
Balance sheet
Avista Corp balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$19.0M
$30.0M
$35.0M
$13.4M
Accounts and notes receivable, net
$220.0M
$205.0M
$216.7M
$255.7M
Inventory
$236.0M
$193.0M
$160.0M
$107.7M
Regulatory assets
$135.0M
$137.0M
$146.3M
$193.8M
Other current assets
$119.0M
$91.0M
$103.8M
$151.2M
Total current assets
$729.0M
$656.0M
$661.8M
$721.8M
Net utility property
$6.3B
$6.0B
$5.7B
$5.4B
Goodwill
$52.0M
$52.0M
$52.4M
$52.4M
Non-current regulatory assets
$871.0M
$847.0M
$894.2M
$833.3M
Other property and investments-net and other non-current assets
$388.0M
$399.0M
$394.0M
$365.1M
Total assets
$8.4B
$7.9B
$7.7B
$7.4B
Accounts payable
$163.0M
$125.0M
$143.3M
$203.0M
Short-term borrowings
$388.0M
$354.0M
$349.0M
$463.0M
Regulatory liabilities
$126.0M
$108.0M
$76.0M
$95.7M
Other current liabilities
$201.0M
$184.0M
$191.9M
$189.4M
Total current liabilities
$878.0M
$771.0M
$775.2M
$964.5M
Long-term debt
$2.8B
$2.7B
$2.6B
$2.3B
Pensions and other postretirement benefits
$65.0M
$75.0M
$89.8M
$93.9M
Deferred income taxes
$778.0M
$751.0M
$718.3M
$675.0M
Non-current regulatory liabilities
$818.0M
$834.0M
$856.7M
$840.8M
Other non-current liabilities and deferred credits
$305.0M
$253.0M
$210.2M
$175.9M
Total liabilities
$5.7B
$5.3B
$5.2B
$5.1B
Common stock, no par value; 200,000 shares authorized; 82,193 and 80,039 shares issued and outstanding, respectively (shares in thousands)
1.8B
1.7B
1.6B
1.5B
Accumulated other comprehensive loss
($1.0M)
—
($357.0K)
($2.1M)
Retained earnings
$905.0M
$871.0M
$841.4M
$811.5M
Total equity
$2.7B
$2.6B
$2.5B
$2.3B
Total liabilities and equity
$8.4B
$7.9B
$7.7B
$7.4B
Avista Corp balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$25.0M
$18.0M
$44.0M
$9.0M
Accounts receivable-less allowances of $6 and $5, respectively
$153.0M
$195.0M
$155.0M
$170.0M
Inventory
$264.0M
$241.0M
$228.0M
$216.0M
Regulatory assets
$179.0M
$184.0M
$129.0M
$122.0M
Other current assets
$94.0M
$97.0M
$109.0M
$150.0M
Total current assets
$715.0M
$735.0M
$665.0M
$667.0M
Net utility property
$6.5B
$6.4B
$6.2B
$6.1B
Goodwill
$52.0M
$52.0M
$52.0M
$52.0M
Non-current regulatory assets
$858.0M
$824.0M
$878.0M
$851.0M
Other property and investments-net and other non-current assets
$382.0M
$392.0M
$364.0M
$362.0M
Total assets
$8.5B
$8.4B
$8.2B
$8.1B
Accounts payable
$130.0M
$119.0M
$118.0M
$111.0M
Short-term borrowings
$226.0M
$385.0M
$287.0M
$270.0M
Regulatory liabilities
$93.0M
$94.0M
$117.0M
$108.0M
Other current liabilities
$201.0M
$222.0M
$207.0M
$179.0M
Total current liabilities
$650.0M
$820.0M
$729.0M
$668.0M
Long-term debt
$3.0B
$2.8B
$2.8B
$2.8B
Pensions and other postretirement benefits
$67.0M
$64.0M
$72.0M
$72.0M
Deferred income taxes
$808.0M
$793.0M
$770.0M
$757.0M
Non-current regulatory liabilities
$811.0M
$820.0M
$847.0M
$843.0M
Other non-current liabilities and deferred credits
$344.0M
$329.0M
$294.0M
$279.0M
Total liabilities
$5.7B
$5.6B
$5.5B
$5.4B
Common stock, no par value; 200,000 shares authorized; 83,752 and 82,193 shares issued and outstanding, respectively (shares in thousands)
1.9B
1.8B
1.8B
1.8B
Accumulated other comprehensive loss
($1.0M)
($1.0M)
—
—
Retained earnings
$951.0M
$956.0M
$874.0M
$885.0M
Total shareholders’ equity
$2.8B
$2.8B
$2.6B
$2.6B
Total liabilities and equity
$8.5B
$8.4B
$8.2B
$8.1B
Cash flow statement
Avista Corp cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$193.0M
$180.0M
$171.2M
$155.2M
Depreciation and amortization
$289.0M
$274.0M
$265.4M
$253.1M
Benefit from (provision for) deferred income taxes
$2.0M
($5.0M)
($36.8M)
($18.2M)
Power and natural gas cost (deferrals) amortizations, net
($54.0M)
$104.0M
$7.1M
($78.3M)
Amortization of debt expense
$2.0M
$2.0M
$2.9M
$2.0M
Stock-based compensation expense
$9.0M
$9.0M
$8.4M
$8.7M
Equity-related AFUDC
($11.0M)
($9.0M)
($6.9M)
($6.7M)
Pension and other postretirement benefit expense
$15.0M
$12.0M
$14.3M
$32.2M
Other regulatory assets and liabilities
$33.0M
($28.0M)
($34.2M)
—
Other non-current assets and liabilities
$58.0M
$36.0M
$26.2M
—
Change in decoupling regulatory deferral
($24.0M)
($35.0M)
($3.3M)
$33.5M
Realized and unrealized losses on assets and investments
$13.0M
$5.0M
$3.4M
($50.0M)
Contributions to defined benefit pension plan
($10.0M)
($10.0M)
($10.0M)
($42.0M)
Cash received on settlement of interest rate swap agreements
$1.0M
$4.0M
$7.9M
—
Accounts and notes receivable
($24.0M)
$3.0M
$36.9M
($56.0M)
Inventory
($43.0M)
($40.0M)
($52.3M)
($22.9M)
Collateral posted for derivative instruments
$12.0M
$18.0M
$129.2M
($141.0M)
Income taxes receivable
($5.0M)
($3.0M)
$1.5M
($1.1M)
Other current assets
($23.0M)
$16.0M
($26.0M)
($6.6M)
Accounts payable
$25.0M
($8.0M)
($66.1M)
$65.9M
Other current liabilities
$15.0M
$13.0M
$14.9M
$22.1M
Net cash provided by operating activities
$469.0M
$534.0M
$447.1M
$124.2M
Utility property capital expenditures (excluding equity-related AFUDC)
($570.0M)
($533.0M)
($498.6M)
($452.0M)
Issuance of notes receivable
$0
—
($3.4M)
($2.7M)
Repayments from notes receivable
$6.0M
—
—
—
Equity and property investments
($4.0M)
($10.0M)
($13.4M)
($10.6M)
Proceeds from sale of investments
$0
—
$3.2M
$1.0M
Other
$4.0M
$4.0M
$1.9M
$4.1M
Net cash used in investing activities
($564.0M)
($539.0M)
($510.4M)
($460.2M)
Net increase (decrease) in short-term borrowings
$33.0M
$5.0M
($114.0M)
$179.0M
Proceeds from issuance of long-term debt
$140.0M
$84.0M
$250.0M
$399.9M
Maturity of long-term debt and finance leases
($4.0M)
($3.0M)
($16.7M)
($253.1M)
Issuance of common stock, net of issuance costs
$78.0M
$68.0M
$112.3M
$137.8M
Cash dividends paid
($159.0M)
($150.0M)
($140.9M)
($129.1M)
Other
($4.0M)
($4.0M)
($6.1M)
$12.0M
Net cash provided by financing activities
$84.0M
—
$84.9M
$327.3M
Net (decrease) increase in cash and cash equivalents
($11.0M)
($5.0M)
$21.6M
($8.7M)
Cash and cash equivalents at beginning of year
$30.0M
$35.0M
$13.4M
$22.2M
Cash and cash equivalents at end of year
$19.0M
$30.0M
$35.0M
$13.4M
Cash paid during the year for interest
$144.0M
$141.0M
$131.5M
$107.5M
Accounts payable for capital expenditures
$36.0M
$24.0M
$33.7M
$27.7M
Avista Corp cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$127.0M
$92.0M
$122.0M
$93.0M
Depreciation and amortization
$135.0M
$67.0M
$216.0M
$143.0M
Provision for (benefit from) deferred income taxes
$14.0M
$6.0M
($2.0M)
($5.0M)
Power and natural gas cost deferrals, net
($13.0M)
—
($41.0M)
($6.0M)
Amortization of debt expense
$1.0M
$1.0M
$2.0M
$1.0M
Stock-based compensation expense
$9.0M
$3.0M
$8.0M
$7.0M
Equity-related AFUDC
($7.0M)
($3.0M)
($8.0M)
($5.0M)
Pension and other postretirement benefit expense
$7.0M
$3.0M
$11.0M
$7.0M
Other regulatory assets and liabilities
$16.0M
$3.0M
$32.0M
$30.0M
Other deferred debits and credits
$41.0M
$25.0M
$49.0M
$33.0M
Change in decoupling regulatory deferral
($40.0M)
($23.0M)
$3.0M
($4.0M)
Realized and unrealized (gains) losses on assets and investments
$5.0M
($2.0M)
—
—
Equity method (earnings) losses
($23.0M)
—
—
—
Other
$9.0M
—
$1.0M
$0
Distributions from equity method investments
$14.0M
—
—
—
Contributions to defined benefit pension plan
($7.0M)
($3.0M)
($10.0M)
($7.0M)
Accounts and notes receivable
$62.0M
$23.0M
$42.0M
$28.0M
Inventory
($28.0M)
($5.0M)
($36.0M)
($24.0M)
Collateral for derivative instruments
($1.0M)
$2.0M
$18.0M
($1.0M)
Income taxes receivable
$23.0M
$6.0M
($5.0M)
($3.0M)
Other current assets
($1.0M)
$14.0M
($16.0M)
($44.0M)
Accounts payable
($36.0M)
($41.0M)
($18.0M)
($19.0M)
Other current liabilities
($6.0M)
$17.0M
$13.0M
($13.0M)
Net cash provided by operating activities
$301.0M
$179.0M
$394.0M
$224.0M
Utility property capital expenditures (excluding equity-related AFUDC)
($326.0M)
($150.0M)
($379.0M)
($246.0M)
Issuance of notes receivable
($3.0M)
—
—
—
Investments made in equity investments and property
($9.0M)
—
($3.0M)
($3.0M)
Other
$4.0M
$2.0M
$3.0M
$1.0M
Net cash used in investing activities
($334.0M)
($148.0M)
($373.0M)
($248.0M)
Net (decrease) increase in short-term borrowings
($92.0M)
($3.0M)
($67.0M)
$51.0M
Proceeds from issuance of long-term debt
$160.0M
—
$140.0M
$0
Maturity of long-term debt and finance leases
($2.0M)
($1.0M)
($3.0M)
($2.0M)
Issuance of common stock, net of issuance costs
$58.0M
$14.0M
$45.0M
$35.0M
Cash dividends paid
($81.0M)
($41.0M)
($119.0M)
($79.0M)
Other
($4.0M)
($1.0M)
($3.0M)
($2.0M)
Net cash provided by financing activities
$39.0M
($32.0M)
($7.0M)
$3.0M
Net increase (decrease) in cash and cash equivalents