AVISTA CORP
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 26, 2025
AVA$40.21+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEM ENTS OF CASH FLOWS
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Operating Activities: | |||
| Net income | $180 | $171 | $155 |
| Non-cash items included in net income: | |||
| Depreciation and amortization | 274 | 265 | 253 |
| Provision for deferred income taxes | (5) | (37) | (18) |
| Power and natural gas cost amortizations (deferrals), net | 104 | 7 | (78) |
| Amortization of debt expense | 2 | 3 | 2 |
| Stock-based compensation expense | 9 | 8 | 9 |
| Equity-related AFUDC | (9) | (7) | (7) |
| Pension and other postretirement benefit expense | 12 | 14 | 32 |
| Other regulatory assets and liabilities | (28) | (34) | (15) |
| Other non-current assets and liabilities | 36 | 26 | (5) |
| Change in decoupling regulatory deferral | (35) | (3) | 33 |
| Realized and unrealized losses (gains) on assets and investments | 5 | 3 | (50) |
| Other | (4) | (6) | 12 |
| Contributions to defined benefit pension plan | (10) | (10) | (42) |
| Cash paid on settlement of interest rate swap agreements | — | — | (17) |
| Cash received on settlement of interest rate swap agreements | 4 | 8 | — |
| Changes in certain current assets and liabilities: | |||
| Accounts and notes receivable | 3 | 37 | (56) |
| Inventory | (40) | (52) | (23) |
| Collateral posted for derivative instruments | 18 | 129 | (141) |
| Income taxes receivable | (3) | 2 | (1) |
| Other current assets | 16 | (26) | (7) |
| Accounts payable | (8) | (66) | 66 |
| Other current liabilities | 13 | 15 | 22 |
| Net cash provided by operating activities | 534 | 447 | 124 |
| Investing Activities: | |||
| Utility property capital expenditures (excluding equity-related AFUDC) | (533) | (499) | (452) |
| Issuance of notes receivable | — | (3) | (3) |
| Equity and property investments | (10) | (13) | (10) |
| Proceeds from sale of investments | — | 3 | 1 |
| Other | 4 | 2 | 4 |
| Net cash used in investing activities | $(539) | $(510) | $(460) |
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Financing Activities: | |||
| Net increase (decrease) in short-term borrowings | $5 | $(114) | $179 |
| Proceeds from issuance of long-term debt | 84 | 250 | 400 |
| Maturity of long-term debt and finance leases | (3) | (17) | (253) |
| Issuance of common stock, net of issuance costs | 68 | 113 | 137 |
| Cash dividends paid | (150) | (141) | (129) |
| Other | (4) | (6) | (7) |
| Net cash provided by financing activities | — | 85 | 327 |
| Net increase (decrease) in cash and cash equivalents | (5) | 22 | (9) |
| Cash and cash equivalents at beginning of year | 35 | 13 | 22 |
| Cash and cash equivalents at end of year | $30 | $35 | $13 |
| Supplemental Cash Flow Information: | |||
| Cash paid (received) during the year: | |||
| Interest | $141 | $132 | $107 |
| Income taxes paid | 12 | 3 | 2 |
| Income tax refunds | (1) | (1) | — |
| Non-cash financing and investing activities: | |||
| Accounts payable for capital expenditures | 24 | 34 | 28 |
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