AVISTA CORP
For the period ended Mar 31, 2024. Filed May 1, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 1, 2024
AVA$40.23-1.7%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
INDEX
| Item No. · Page No. | ||
|---|---|---|
| Acronyms and Terms | iii | |
| Forward-Looking Statements | 1 | |
| Available Information | 5 | |
| Part I. Financial Information | ||
| Item 1. | Condensed Consolidated Financial Statements (unaudited) | 6 |
| Condensed Consolidated Statements of Income -Three Months Ended March 31, 2024 and 2023 | 6 | |
| Condensed Consolidated Statements of Comprehensive Income -Three Months Ended March 31, 2024 and 2023 | 7 | |
| Condensed Consolidated Balance Sheets -March 31, 2024 and December 31, 2023 | 8 | |
| Condensed Consolidated Statements of Cash Flows -Three Months Ended March 31, 2024 and 2023 | 9 | |
| Condensed Consolidated Statements of Equity -Three Months Ended March 31, 2024 and 2023 | 11 | |
| Notes to Condensed Consolidated Financial Statements (unaudited) | 12 | |
| Note 1. Summary of Significant Accounting Policies | 12 | |
| Note 2. New Accounting Standards | 13 | |
| Note 3. Balance Sheet Components | 14 | |
| Note 4. Revenue | 17 | |
| Note 5. Derivatives and Risk Management | 20 | |
| Note 6. Pension Plans and Other Postretirement Benefit Plans | 23 | |
| Note 7. Income Taxes | 24 | |
| Note 8. Short-Term Borrowings | 24 | |
| Note 9. Long-Term Debt | 26 | |
| Note 10. Long-Term Debt to Affiliated Trusts | 26 | |
| Note 11. Fair Value | 26 | |
| Note 12. Accumulated Other Comprehensive Loss | 31 | |
| Note 13. Earnings per Common Share | 31 | |
| Note 14. Commitments and Contingencies | 31 | |
| Note 15. Information by Business Segments | 36 | |
| Report of Independent Registered Public Accounting Firm | 37 | |
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 38 |
| Business Segments | 38 | |
| Executive Overview | 38 | |
| Regulatory Matters | 39 | |
| Results of Operations - Overall | 41 | |
| Non-GAAP Financial Measures | 42 | |
| Results of Operations - Avista Utilities | 43 | |
| Results of Operations - Alaska Electric Light and Power Company | 50 | |
i
| Results of Operations - Other Businesses | 50 | |
| Critical Accounting Policies and Estimates | 50 | |
| Liquidity and Capital Resources | 50 | |
| Overall Liquidity | 50 | |
| Review of Consolidated Cash Flow Statement | 50 | |
| Capital Resources | 51 | |
| Capital Expenditures | 52 | |
| Pension Plan | 53 | |
| Environmental Issues and Contingencies | 53 | |
| Enterprise Risk Management | 54 | |
| Item 3. | Quantitative and Qualitative Disclosures about Market Risk | 55 |
|---|---|---|
| Item 4. | Controls and Procedures | 55 |
| Part II. Other Information | ||
| Item 1. | Legal Proceedings | 57 |
| Item 1A. | Risk Factors | 57 |
| Item 5. | Other Information | 57 |
| Item 6. | Exhibits | 58 |
| Signature | 59 | |
ii
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