Avista (AVA) Financials

$38.05 -0.04 (-0.10%)

As of 10:55 AM Eastern

Annual Income Statements for Avista

This table shows Avista's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	180	171	155	147	129	197	136	116	137	123
Consolidated Net Income / (Loss)	180	171	155	147	129	197	137	116	137	123
Net Income / (Loss) Continuing Operations	180	171	155	147	129	197	137	116	137	118
Total Pre-Tax Income	183	137	138	159	137	228	163	199	215	186
Total Operating Income	306	258	190	228	233	210	261	292	300	253
Total Gross Profit	698	636	557	570	569	561	584	611	585	525
Total Revenue	1,938	1,752	1,710	1,439	1,322	1,346	1,397	1,446	1,442	1,485
Operating Revenue	1,938	1,752	1,710	1,439	1,322	1,346	1,397	1,446	1,442	1,456
Total Cost of Revenue	1,240	1,116	1,153	869	753	785	813	835	857	960
Operating Cost of Revenue	1,240	1,116	1,153	869	753	785	813	835	857	960
Total Operating Expenses	392	378	367	341	336	350	323	319	286	271
Depreciation Expense	274	265	253	232	224	206	184	172	161	144
Other Operating Expenses / (Income)	118	113	114	109	107	106	107	107	99	98
Total Other Income / (Expense), net	-123	-121	-52	-68	-96	18	-98	-93	-84	-68
Interest Expense	145	140	119	106	105	100	101	96	87	80
Other Income / (Expense), net	22	19	67	37	8.90	118	2.48	2.70	2.67	13
Income Tax Expense	3.00	-34	-17	12	7.05	31	26	83	78	67
Basic Earnings per Share	$2.29	$2.24	$2.13	$2.11	$1.91	$2.98	$2.08	$1.80	$2.16	$1.98
Weighted Average Basic Shares Outstanding	78.73M	76.40M	72.99M	69.95M	67.96M	66.21M	65.67M	64.50M	63.51M	62.30M
Diluted Earnings per Share	$2.29	$2.24	$2.12	$2.10	$1.90	$2.97	$2.07	$1.79	$2.15	$1.97
Weighted Average Diluted Shares Outstanding	78.82M	76.50M	73.09M	70.09M	68.10M	66.33M	65.95M	64.81M	63.92M	62.71M
Weighted Average Basic & Diluted Shares Outstanding	80.13M	78.16M	75.03M	71.57M	69.26M	67.21M	65.72M	64.40M	63.50M	62.20M
Cash Dividends to Common per Share	$1.90	$1.84	$1.76	$1.69	$1.62	$1.55	$1.49	$1.43	$1.37	$1.32

This table shows Avista's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	79	67	18	23	71	84	15	17	55	78	-5.80
Consolidated Net Income / (Loss)	79	67	18	23	71	84	15	17	55	78	-5.80
Net Income / (Loss) Continuing Operations	79	67	18	23	71	84	15	17	55	78	-5.80
Total Pre-Tax Income	91	68	18	23	74	66	11	12	48	72	-5.64
Total Operating Income	125	102	49	54	101	100	38	44	77	63	19
Total Gross Profit	232	201	144	148	205	197	128	135	176	154	109
Total Revenue	617	533	394	402	609	518	380	380	475	510	359
Operating Revenue	617	533	394	402	609	518	380	380	475	510	359
Total Cost of Revenue	385	331	250	254	405	321	251	245	299	356	251
Operating Cost of Revenue	385	331	250	254	405	321	251	245	299	356	251
Total Operating Expenses	107	100	95	94	104	98	90	91	99	90	89
Depreciation Expense	71	70	68	68	68	67	67	66	65	64	63
Other Operating Expenses / (Income)	36	29	27	26	36	31	23	25	34	27	26
Total Other Income / (Expense), net	-34	-35	-31	-31	-27	-33	-27	-32	-28	9.11	-25
Interest Expense	39	34	37	37	37	33	35	36	36	32	30
Other Income / (Expense), net	5.00	-0.49	6.57	5.68	10	-0.09	8.33	3.49	7.27	41	4.79
Income Tax Expense	12	0.68	-0.48	0.50	2.31	-18	-3.79	-5.81	-6.63	-5.32	0.16
Basic Earnings per Share	$0.98	$0.86	$0.23	$0.29	$0.91	$1.09	$0.19	$0.23	$0.73	$1.05	($0.08)
Weighted Average Basic Shares Outstanding	80.22M	78.73M	78.84M	78.39M	78.16M	76.40M	76.73M	75.98M	75.17M	72.99M	73.23M
Diluted Earnings per Share	$0.98	$0.86	$0.23	$0.29	$0.91	$1.09	$0.19	$0.23	$0.73	$1.05	($0.08)
Weighted Average Diluted Shares Outstanding	80.31M	78.82M	78.97M	78.46M	78.21M	76.50M	76.76M	76.13M	75.28M	73.09M	73.30M
Weighted Average Basic & Diluted Shares Outstanding	80.56M	80.13M	79.18M	78.70M	78.19M	78.16M	77.37M	76.53M	75.76M	75.03M	73.78M
Cash Dividends to Common per Share	$0.49	-	$0.48	$0.48	$0.48	-	$0.46	$0.46	$0.46	-	$0.44

This table details how cash moves in and out of Avista's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-5.00	22	-9.00	7.97	4.30	-4.76	-1.52	7.67	-1.98	-12
Net Cash From Operating Activities	534	447	124	267	331	398	362	410	358	376
Net Cash From Continuing Operating Activities	534	447	124	267	331	398	362	410	358	376
Net Income / (Loss) Continuing Operations	180	171	155	147	129	197	137	116	137	123
Consolidated Net Income / (Loss)	180	171	155	147	129	197	137	116	137	123
Depreciation Expense	274	265	253	232	224	206	187	176	165	148
Amortization Expense	2.00	3.00	2.00	2.61	3.24	4.31	5.42	17	37	41
Non-Cash Adjustments To Reconcile Net Income	125	33	-111	-65	-16	-31	15	29	-16	35
Changes in Operating Assets and Liabilities, net	-47	-25	-175	-49	-10	22	18	72	34	29
Net Cash From Investing Activities	-539	-510	-460	-445	-411	-446	-440	-434	-432	-388
Net Cash From Continuing Investing Activities	-539	-510	-460	-445	-411	-446	-440	-434	-432	-388
Purchase of Property, Plant & Equipment	-533	-499	-452	-440	-404	-443	-424	-412	-407	-393
Purchase of Investments	-10	-13	-10	-16	-5.93	-14	-	-14	-13	-1.94
Divestitures	0.00	3.00	1.00	8.31	6.79	16	0.00	-	-	14
Other Investing Activities, net	4.00	-1.00	1.00	2.72	-7.30	-5.90	-16	-8.08	-18	-6.31
Net Cash From Financing Activities	0.00	85	327	186	84	43	77	31	72	0.53
Net Cash From Continuing Financing Activities	0.00	85	327	186	84	43	77	31	72	0.53
Repayment of Debt	-2.00	-137	-81	74	-43	-99	-285	-22	-168	-16
Payment of Dividends	-150	-141	-129	-118	-110	-103	-98	-92	-87	-82
Issuance of Debt	84	250	400	140	165	180	459	90	260	100
Issuance of Common Equity	68	113	137	90	72	65	1.21	56	67	1.56
Cash Interest Paid	141	132	107	99	98	99	97	95	86	80
Cash Income Taxes Paid	12	3.00	2.00	3.65	1.90	27	18	5.58	5.40	27

This table details how cash moves in and out of Avista's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-13	21	-5.52	2.37	-23	27	-7.07	5.11	-2.83	-1.20	-7.26
Net Cash From Operating Activities	184	90	127	127	190	54	124	175	94	-86	4.47
Net Cash From Continuing Operating Activities	184	91	126	127	190	55	123	175	94	-86	4.47
Net Income / (Loss) Continuing Operations	79	67	18	23	71	84	15	17	55	78	-5.80
Consolidated Net Income / (Loss)	79	67	18	23	71	84	15	17	55	78	-5.80
Depreciation Expense	71	70	68	68	68	67	67	66	65	64	64
Amortization Expense	1.00	0.42	0.54	0.53	0.51	0.57	0.45	0.85	1.13	0.49	0.46
Non-Cash Adjustments To Reconcile Net Income	8.00	23	15	39	48	38	6.88	29	-42	-77	4.55
Changes in Operating Assets and Liabilities, net	25	-70	25	-3.23	1.86	-135	34	62	15	-152	-58
Net Cash From Investing Activities	-103	-129	-156	-136	-118	-141	-135	-128	-106	-120	-121
Net Cash From Continuing Investing Activities	-103	-129	-156	-136	-118	-141	-135	-128	-106	-120	-121
Purchase of Property, Plant & Equipment	-103	-128	-154	-132	-119	-140	-133	-126	-100	-121	-121
Purchase of Investments	0.00	-2.43	-2.46	-3.34	-1.78	-1.00	-5.52	-1.70	-4.78	-0.94	-1.30
Other Investing Activities, net	0.00	1.01	0.80	-0.19	2.39	-0.50	0.35	0.13	-0.98	1.94	0.07
Net Cash From Financing Activities	-94	60	23	12	-95	115	3.69	-42	9.18	205	109
Net Cash From Continuing Financing Activities	-94	60	23	12	-95	115	3.69	-42	9.18	205	109
Repayment of Debt	-70	65	42	-52	-57	126	10	-37	-236	193	109
Payment of Dividends	-40	-38	-37	-37	-38	-36	-35	-35	-35	-33	-32
Issuance of Common Equity	16	32	18	17	0.12	25	29	30	30	44	32

This table presents Avista's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	7,941	7,702	7,417	6,854	6,402	6,082	5,783	5,515	5,310	4,907
Total Current Assets	656	662	722	434	344	305	347	338	351	306
Cash & Equivalents	30	35	13	22	14	9.90	15	16	8.51	10
Note & Lease Receivable	205	217	256	203	164	167	166	186	180	169
Inventories, net	193	160	108	85	67	67	64	58	53	54
Other Current Assets	228	250	345	125	99	62	84	78	61	48
Plant, Property, & Equipment, net	5,987	5,700	5,445	5,226	4,992	0.00	0.00	4,399	4,148	3,899
Total Noncurrent Assets	1,298	1,340	1,251	1,194	1,067	5,777	5,436	778	811	702
Long-Term Investments	399	394	365	281	264	257	115	101	84	71
Goodwill	52	52	52	52	52	52	58	58	58	58
Other Noncurrent Operating Assets	847	894	833	861	750	5,468	5,263	619	320	222
Total Liabilities & Shareholders' Equity	7,941	7,702	7,417	6,854	6,402	6,082	5,783	5,515	5,310	4,907
Total Liabilities	5,350	5,217	5,083	4,699	4,372	4,143	4,009	3,784	3,661	3,378
Total Current Liabilities	771	775	965	913	506	531	640	698	408	475
Short-Term Debt	354	364	477	534	203	238	298	383	123	198
Accounts Payable	125	143	203	133	107	110	108	107	116	114
Other Current Liabilities	292	268	285	246	196	183	234	207	108	106
Total Noncurrent Liabilities	4,579	4,442	4,118	3,786	3,866	3,612	3,369	3,087	3,254	2,904
Long-Term Debt	2,666	2,567	2,333	1,898	2,009	1,844	1,807	1,543	1,730	1,532
Asset Retirement Reserve & Litigation Obligation	834	857	841	862	785	775	781	800	274	262
Noncurrent Deferred & Payable Income Tax Liabilities	751	718	675	643	595	529	488	467	841	747
Noncurrent Employee Benefit Liabilities	75	90	94	153	212	212	223	204	227	201
Other Noncurrent Operating Liabilities	253	210	176	178	215	201	71	73	182	162
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,591	2,485	2,335	2,155	2,030	1,939	1,774	1,730	1,648	1,529
Total Preferred & Common Equity	2,591	2,485	2,335	2,155	2,030	1,939	1,773	1,730	1,649	1,528
Total Common Equity	2,591	2,485	2,335	2,155	2,030	1,939	1,773	1,730	1,649	1,529
Common Stock	1,720	1,644	1,525	1,380	1,286	1,211	1,136	1,133	1,075	1,004
Retained Earnings	871	841	812	786	758	739	645	604	581	531

This table presents Avista's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	7,966	7,781	7,684	7,649	7,470	7,371	7,394	7,056
Total Current Assets	667	525	551	562	547	527	656	464
Cash & Equivalents	17	9.12	15	12	8.63	16	11	14
Accounts Receivable	216	-	-	-	-	-	-	-
Inventories, net	202	186	176	164	145	116	102	123
Other Current Assets	232	186	207	168	262	254	327	161
Plant, Property, & Equipment, net	6,034	5,924	5,827	5,748	5,625	5,549	5,472	5,379
Total Noncurrent Assets	1,265	1,331	1,306	1,339	1,298	1,296	1,266	1,213
Long-Term Investments	396	412	409	399	390	382	374	324
Goodwill	52	52	52	52	52	52	52	52
Other Noncurrent Operating Assets	817	867	845	888	855	861	839	837
Total Liabilities & Shareholders' Equity	7,966	7,781	7,684	7,649	7,470	7,371	7,394	7,056
Total Liabilities	5,317	5,253	5,157	5,128	5,060	4,971	5,009	4,821
Total Current Liabilities	721	700	625	580	583	541	605	685
Short-Term Debt	287	302	259	227	222	210	245	282
Accounts Payable	113	105	105	103	105	104	112	113
Other Current Liabilities	321	293	261	250	257	228	248	291
Total Noncurrent Liabilities	4,596	4,553	4,532	4,548	4,477	4,430	4,404	4,136
Long-Term Debt	2,666	2,650	2,650	2,649	2,582	2,582	2,530	2,281
Asset Retirement Reserve & Litigation Obligation	843	840	829	865	864	845	840	845
Noncurrent Deferred & Payable Income Tax Liabilities	745	726	719	712	726	704	694	666
Noncurrent Employee Benefit Liabilities	73	89	92	89	92	93	93	115
Other Noncurrent Operating Liabilities	269	248	242	233	213	207	195	177
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,649	2,528	2,527	2,521	2,410	2,400	2,385	2,235
Total Preferred & Common Equity	2,649	2,528	2,527	2,521	2,410	2,400	2,385	2,235
Total Common Equity	2,649	2,528	2,527	2,521	2,410	2,400	2,385	2,235
Common Stock	1,737	1,687	1,667	1,645	1,619	1,589	1,556	1,478
Retained Earnings	912	842	861	876	793	814	832	767
Accumulated Other Comprehensive Income / (Loss)	0.00	-0.38	-0.37	-0.37	-2.11	-2.10	-2.08	-10

This table displays calculated financial ratios and metrics derived from Avista's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.62%	2.46%	18.84%	8.85%	-1.76%	-3.67%	-3.39%	0.24%	-2.85%	0.83%
EBITDA Growth	10.83%	6.45%	2.34%	6.66%	-12.92%	18.03%	-6.49%	-3.35%	11.03%	10.93%
EBIT Growth	18.41%	7.78%	-3.21%	9.90%	-26.41%	24.55%	-10.61%	-2.53%	13.71%	-0.67%
NOPAT Growth	-6.54%	50.90%	1.14%	-4.39%	21.62%	-17.25%	28.62%	-10.82%	18.58%	2.28%
Net Income Growth	5.26%	10.32%	5.20%	13.78%	-34.19%	44.05%	17.83%	-15.57%	11.35%	-35.86%
EPS Growth	2.23%	5.66%	0.95%	10.53%	-36.03%	43.48%	15.64%	-16.74%	9.14%	-36.45%
Operating Cash Flow Growth	19.46%	260.48%	-53.62%	-19.23%	-16.88%	10.04%	-11.80%	14.52%	-4.62%	40.55%
Free Cash Flow Firm Growth	5.73%	146.44%	-96.28%	-1,088.80%	-91.13%	1,287.32%	-84.11%	233.14%	-499.43%	104.22%
Invested Capital Growth	3.91%	4.65%	9.90%	7.99%	5.51%	1.49%	5.94%	3.32%	7.33%	4.95%
Revenue Q/Q Growth	0.80%	0.44%	4.79%	3.70%	1.21%	-0.57%	-1.80%	-0.29%	1.04%	-1.63%
EBITDA Q/Q Growth	0.81%	-0.43%	5.17%	-0.43%	4.09%	0.94%	-2.15%	-1.28%	2.07%	3.17%
EBIT Q/Q Growth	0.53%	-1.78%	10.35%	-3.75%	6.56%	-1.25%	-1.11%	-0.92%	4.01%	0.99%
NOPAT Q/Q Growth	-8.37%	25.90%	0.89%	-5.69%	4.70%	0.90%	15.55%	-10.25%	8.10%	3.00%
Net Income Q/Q Growth	-8.62%	3.64%	21.00%	-5.06%	6.55%	2.56%	15.42%	-9.72%	1.15%	5.38%
EPS Q/Q Growth	-9.13%	1.82%	18.44%	-5.83%	5.56%	1.71%	15.64%	-9.60%	-0.46%	8.84%
Operating Cash Flow Q/Q Growth	7.23%	45.55%	-50.17%	-3.62%	-2.72%	18.31%	-22.77%	-0.33%	12.48%	20.09%
Free Cash Flow Firm Q/Q Growth	27.48%	306.37%	-126.84%	-34.57%	32.36%	200.28%	-94.10%	72.64%	50.73%	164.60%
Invested Capital Q/Q Growth	2.42%	3.59%	5.66%	3.16%	3.01%	2.98%	5.40%	0.52%	1.83%	2.94%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	36.02%	36.30%	32.57%	39.58%	43.03%	41.66%	41.80%	42.27%	40.58%	35.33%
EBITDA Margin	31.17%	31.11%	29.94%	34.77%	35.48%	40.03%	32.67%	33.75%	35.00%	30.63%
Operating Margin	15.79%	14.73%	11.11%	15.86%	17.60%	15.64%	18.69%	20.21%	20.79%	17.05%
EBIT Margin	16.92%	15.81%	15.03%	18.45%	18.28%	24.40%	18.87%	20.39%	20.97%	17.92%
Profit (Net Income) Margin	9.29%	9.76%	9.06%	10.24%	9.80%	14.62%	9.78%	8.02%	9.52%	8.31%
Tax Burden Percent	98.36%	124.82%	112.32%	92.45%	94.84%	86.25%	83.98%	58.35%	63.75%	66.44%
Interest Burden Percent	55.79%	49.46%	53.70%	60.02%	56.51%	69.49%	61.71%	67.38%	71.20%	69.77%
Effective Tax Rate	1.64%	-24.82%	-12.32%	7.55%	5.16%	13.75%	16.02%	41.65%	36.25%	36.34%
Return on Invested Capital (ROIC)	5.92%	6.60%	4.69%	5.05%	5.64%	4.80%	6.02%	4.90%	5.78%	5.17%
ROIC Less NNEP Spread (ROIC-NNEP)	1.17%	0.48%	2.16%	2.00%	0.91%	5.60%	1.65%	1.85%	2.65%	2.82%
Return on Net Nonoperating Assets (RNNOA)	1.17%	0.49%	2.22%	1.99%	0.88%	5.79%	1.78%	1.97%	2.87%	3.01%
Return on Equity (ROE)	7.09%	7.10%	6.91%	7.04%	6.53%	10.60%	7.80%	6.86%	8.64%	8.19%
Cash Return on Invested Capital (CROIC)	2.08%	2.06%	-4.74%	-2.63%	0.28%	3.32%	0.25%	1.63%	-1.29%	0.34%
Operating Return on Assets (OROA)	4.19%	3.66%	3.60%	4.01%	3.87%	5.53%	4.67%	5.45%	5.92%	5.54%
Return on Assets (ROA)	2.30%	2.26%	2.17%	2.22%	2.07%	3.32%	2.42%	2.14%	2.69%	2.57%
Return on Common Equity (ROCE)	7.09%	7.10%	6.91%	7.04%	6.53%	10.60%	7.79%	6.86%	8.64%	8.19%
Return on Equity Simple (ROE_SIMPLE)	6.95%	6.88%	6.64%	6.84%	6.38%	10.15%	7.70%	6.70%	8.33%	8.07%
Net Operating Profit after Tax (NOPAT)	301	322	213	211	221	181	219	170	191	161
NOPAT Margin	15.53%	18.38%	12.48%	14.66%	16.69%	13.48%	15.70%	11.79%	13.25%	10.86%
Net Nonoperating Expense Percent (NNEP)	4.75%	6.12%	2.53%	3.06%	4.74%	-0.80%	4.37%	3.04%	3.13%	2.35%
Return On Investment Capital (ROIC_SIMPLE)	5.36%	5.95%	4.15%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	63.98%	63.70%	67.43%	60.42%	56.97%	58.34%	58.20%	57.73%	59.42%	64.67%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.40%	1.40%	2.01%	1.77%	1.77%	1.99%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.23%	21.58%	21.46%	23.72%	25.42%	26.03%	23.11%	22.06%	19.79%	18.28%
Earnings before Interest and Taxes (EBIT)	328	277	257	266	242	328	264	295	303	266
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	604	545	512	500	469	539	456	488	505	455
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.11	1.04	1.25	1.23	1.15	1.34	1.23	1.46	1.15	1.02
Price to Tangible Book Value (P/TBV)	1.13	1.07	1.28	1.26	1.18	1.38	1.27	1.51	1.19	1.06
Price to Revenue (P/Rev)	1.48	1.48	1.71	1.84	1.76	1.93	1.56	1.74	1.31	1.06
Price to Earnings (P/E)	15.91	15.17	18.85	17.93	17.97	13.19	15.99	21.73	13.76	12.71
Dividend Yield	5.25%	5.49%	4.44%	5.61%	4.79%	4.94%	4.49%	3.66%	4.66%	6.51%
Earnings Yield	6.29%	6.59%	5.31%	5.58%	5.57%	7.58%	6.25%	4.60%	7.27%	7.87%
Enterprise Value to Invested Capital (EV/IC)	1.05	1.02	1.12	1.10	1.06	1.16	1.11	1.22	1.07	1.01
Enterprise Value to Revenue (EV/Rev)	2.81	2.91	3.13	3.32	3.22	3.28	2.98	2.99	2.53	2.17
Enterprise Value to EBITDA (EV/EBITDA)	9.03	9.35	10.45	9.54	9.08	8.19	9.11	8.87	7.23	7.07
Enterprise Value to EBIT (EV/EBIT)	16.63	18.40	20.83	17.97	17.63	13.44	15.77	14.68	12.06	12.08
Enterprise Value to NOPAT (EV/NOPAT)	18.12	15.83	25.08	22.61	19.30	24.32	18.96	25.39	19.09	19.94
Enterprise Value to Operating Cash Flow (EV/OCF)	10.21	11.40	43.16	17.85	12.87	11.08	11.49	10.55	10.19	8.56
Enterprise Value to Free Cash Flow (EV/FCFF)	51.47	50.84	0.00	0.00	383.02	35.17	459.75	76.03	0.00	300.35
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.17	1.18	1.20	1.13	1.09	1.07	1.19	1.11	1.12	1.13
Long-Term Debt to Equity	1.03	1.03	1.00	0.88	0.99	0.95	1.02	0.89	1.05	1.00
Financial Leverage	1.00	1.02	1.03	1.00	0.97	1.03	1.08	1.06	1.08	1.07
Leverage Ratio	3.08	3.14	3.18	3.17	3.15	3.20	3.22	3.20	3.22	3.19
Compound Leverage Factor	1.72	1.55	1.71	1.90	1.78	2.22	1.99	2.16	2.29	2.23
Debt to Total Capital	53.82%	54.12%	54.61%	53.03%	52.14%	51.77%	54.26%	52.68%	52.93%	53.09%
Short-Term Debt to Total Capital	6.31%	6.72%	9.26%	11.64%	4.79%	5.91%	7.67%	10.47%	3.52%	6.08%
Long-Term Debt to Total Capital	47.51%	47.40%	45.35%	41.38%	47.36%	45.86%	46.59%	42.21%	49.41%	47.01%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.02%	-0.01%	0.01%
Common Equity to Total Capital	46.18%	45.88%	45.39%	46.97%	47.86%	48.23%	45.72%	47.31%	47.08%	46.91%
Debt to EBITDA	5.00	5.38	5.49	4.86	4.71	3.86	4.61	3.95	3.67	3.80
Net Debt to EBITDA	4.29	4.59	4.75	4.26	4.12	3.37	4.33	3.71	3.49	3.62
Long-Term Debt to EBITDA	4.41	4.71	4.56	3.79	4.28	3.42	3.96	3.16	3.43	3.37
Debt to NOPAT	10.03	9.10	13.16	11.53	10.02	11.47	9.60	11.30	9.70	10.73
Net Debt to NOPAT	8.61	7.77	11.39	10.09	8.76	10.00	9.01	10.61	9.21	10.22
Long-Term Debt to NOPAT	8.86	7.97	10.93	9.00	9.10	10.16	8.24	9.05	9.05	9.50
Altman Z-Score	0.84	0.78	0.80	0.75	0.79	0.90	0.81	0.91	0.91	0.87
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.04%	0.01%	-0.01%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.85	0.85	0.75	0.48	0.68	0.57	0.54	0.48	0.86	0.64
Quick Ratio	0.30	0.33	0.28	0.25	0.35	0.33	0.28	0.29	0.46	0.38
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	106	100	-216	-110	11	125	9.04	57	-43	11
Operating Cash Flow to CapEx	100.19%	89.58%	27.43%	60.77%	81.87%	89.99%	85.28%	99.51%	89.20%	95.48%
Free Cash Flow to Firm to Interest Expense	0.73	0.72	-1.81	-1.04	0.11	1.25	0.09	0.59	-0.49	0.13
Operating Cash Flow to Interest Expense	3.68	3.19	1.04	2.53	3.15	3.98	3.59	4.27	4.11	4.67
Operating Cash Flow Less CapEx to Interest Expense	0.01	-0.37	-2.76	-1.63	-0.70	-0.44	-0.62	-0.02	-0.50	-0.22
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.25	0.23	0.24	0.22	0.21	0.23	0.25	0.27	0.28	0.31
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	7.03	8.34	11.99	11.43	11.24	12.03	13.33	14.99	15.95	15.94
Fixed Asset Turnover	0.33	0.31	0.32	0.28	0.00	0.00	0.00	0.34	0.36	0.40
Accounts Payable Turnover	9.25	6.45	6.86	7.25	6.95	7.18	7.54	7.49	7.46	8.45
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	51.95	43.77	30.45	31.94	32.48	30.33	27.38	24.35	22.88	22.90
Days Payable Outstanding (DPO)	39.44	56.57	53.19	50.32	52.54	50.82	48.41	48.72	48.95	43.21
Cash Conversion Cycle (CCC)	12.51	-12.80	-22.74	-18.37	-20.06	-20.49	-21.03	-24.37	-26.07	-20.30
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,182	4,987	4,765	4,336	4,015	3,805	3,749	3,539	3,426	3,192
Invested Capital Turnover	0.38	0.36	0.38	0.34	0.34	0.36	0.38	0.42	0.44	0.48
Increase / (Decrease) in Invested Capital	195	222	429	321	210	56	210	114	234	150
Enterprise Value (EV)	5,455	5,097	5,352	4,771	4,260	4,413	4,158	4,328	3,650	3,215
Market Capitalization	2,864	2,595	2,922	2,641	2,326	2,598	2,181	2,519	1,889	1,566
Book Value per Share	$32.72	$32.12	$31.65	$30.45	$29.53	$29.07	$26.99	$26.85	$25.69	$24.53
Tangible Book Value per Share	$32.07	$31.45	$30.93	$29.71	$28.77	$28.28	$26.12	$25.96	$24.79	$23.61
Total Capital	5,611	5,416	5,144	4,587	4,241	4,021	3,879	3,657	3,502	3,258
Total Debt	3,020	2,931	2,809	2,432	2,212	2,082	2,105	1,926	1,854	1,730
Total Long-Term Debt	2,666	2,567	2,333	1,898	2,009	1,844	1,807	1,543	1,730	1,532
Net Debt	2,591	2,502	2,431	2,130	1,934	1,815	1,975	1,809	1,761	1,648
Capital Expenditures (CapEx)	533	499	452	440	404	443	424	412	402	393
Debt-free, Cash-free Net Working Capital (DFCFNWC)	209	216	220	33	27	2.32	-9.67	6.70	59	19
Debt-free Net Working Capital (DFNWC)	239	251	234	55	41	12	4.98	23	67	30
Net Working Capital (NWC)	-115	-113	-243	-479	-162	-226	-293	-360	-56	-169
Net Nonoperating Expense (NNE)	121	151	58	64	91	-15	83	55	54	38
Net Nonoperating Obligations (NNO)	2,591	2,502	2,431	2,181	1,985	1,866	1,975	1,809	1,777	1,663
Total Depreciation and Amortization (D&A)	276	268	255	235	227	210	193	193	202	189
Debt-free, Cash-free Net Working Capital to Revenue	10.78%	12.33%	12.89%	2.31%	2.04%	0.17%	-0.69%	0.46%	4.06%	1.28%
Debt-free Net Working Capital to Revenue	12.33%	14.33%	13.67%	3.85%	3.11%	0.91%	0.36%	1.58%	4.65%	1.99%
Net Working Capital to Revenue	-5.93%	-6.45%	-14.19%	-33.26%	-12.25%	-16.76%	-20.95%	-24.90%	-3.90%	-11.36%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.29	$2.24	$2.13	$2.11	$1.91	$2.98	$2.08	$1.80	$2.16	$1.98
Adjusted Weighted Average Basic Shares Outstanding	78.73M	76.40M	72.99M	69.95M	67.96M	66.21M	65.67M	64.50M	63.51M	62.30M
Adjusted Diluted Earnings per Share	$2.29	$2.24	$2.12	$2.10	$1.90	$2.97	$2.07	$1.79	$2.15	$1.97
Adjusted Weighted Average Diluted Shares Outstanding	78.82M	76.50M	73.09M	70.09M	68.10M	66.33M	65.95M	64.81M	63.92M	62.71M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	80.13M	78.16M	75.03M	71.57M	69.26M	67.21M	65.72M	65.63M	64.31M	62.49M
Normalized Net Operating Profit after Tax (NOPAT)	301	181	133	211	221	198	222	179	191	161
Normalized NOPAT Margin	15.53%	10.31%	7.78%	14.66%	16.69%	14.75%	15.92%	12.38%	13.25%	10.86%
Pre Tax Income Margin	9.44%	7.82%	8.07%	11.08%	10.33%	16.95%	11.64%	13.74%	14.93%	12.50%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.26	1.98	2.16	2.51	2.30	3.28	2.61	3.07	3.47	3.31
NOPAT to Interest Expense	2.08	2.30	1.79	2.00	2.10	1.81	2.17	1.77	2.19	2.00
EBIT Less CapEx to Interest Expense	-1.41	-1.59	-1.64	-1.65	-1.55	-1.14	-1.59	-1.22	-1.14	-1.58
NOPAT Less CapEx to Interest Expense	-1.60	-1.26	-2.01	-2.17	-1.75	-2.61	-2.03	-2.51	-2.42	-2.89
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	83.33%	82.46%	83.23%	80.23%	85.15%	52.23%	71.78%	79.75%	63.47%	66.82%
Augmented Payout Ratio	83.33%	82.46%	83.23%	80.23%	85.15%	52.23%	71.78%	79.75%	63.47%	69.19%

This table displays calculated financial ratios and metrics derived from Avista's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.31%	2.89%	3.72%	5.83%	28.40%	1.54%	5.61%	0.36%	2.72%	18.10%	21.43%
EBITDA Growth	12.22%	3.26%	8.78%	12.25%	19.69%	-1.52%	29.03%	11.53%	-1.21%	17.47%	-6.03%
EBIT Growth	17.12%	1.97%	19.22%	26.71%	32.78%	-5.09%	91.84%	20.82%	-5.67%	29.91%	-32.01%
NOPAT Growth	10.47%	-20.11%	-2.37%	-19.06%	12.42%	85.64%	277.57%	146.62%	-10.89%	2.14%	-65.12%
Net Income Growth	11.27%	-20.00%	25.63%	30.74%	30.36%	7.94%	353.81%	52.66%	-23.36%	52.88%	-140.36%
EPS Growth	7.69%	-21.10%	21.05%	26.09%	24.66%	3.81%	337.50%	43.75%	-26.26%	45.83%	-140.00%
Operating Cash Flow Growth	-3.16%	67.23%	2.80%	-27.65%	101.76%	162.14%	2,667.73%	297.62%	-41.77%	-324.89%	-88.49%
Free Cash Flow Firm Growth	-53.82%	1.46%	22.83%	50.04%	85.04%	73.55%	13.66%	-35.26%	-113.94%	-42.01%	-9.97%
Invested Capital Growth	4.07%	3.91%	5.10%	4.56%	3.31%	4.65%	6.75%	9.02%	11.55%	9.90%	7.30%
Revenue Q/Q Growth	15.81%	35.31%	-2.07%	-34.02%	17.79%	36.40%	-0.08%	-19.95%	-6.96%	41.87%	-5.05%
EBITDA Q/Q Growth	17.35%	39.09%	-3.53%	-28.64%	7.49%	46.53%	-0.46%	-23.91%	-11.15%	91.98%	-13.97%
EBIT Q/Q Growth	28.24%	83.19%	-7.67%	-46.18%	11.78%	114.19%	-1.87%	-43.60%	-19.68%	332.93%	-38.20%
NOPAT Q/Q Growth	7.61%	101.44%	-5.73%	-45.79%	-21.68%	146.16%	-21.84%	-24.70%	27.33%	400.68%	-48.95%
Net Income Q/Q Growth	17.63%	263.28%	-19.12%	-68.03%	-15.02%	470.50%	-15.83%	-68.12%	-29.65%	1,441.50%	-150.62%
EPS Q/Q Growth	13.95%	273.91%	-20.69%	-68.13%	-16.51%	473.68%	-17.39%	-68.49%	-30.48%	1,412.50%	-150.00%
Operating Cash Flow Q/Q Growth	104.92%	-29.41%	0.29%	-33.29%	253.61%	-56.61%	-29.42%	86.02%	209.33%	-2,032.72%	-89.86%
Free Cash Flow Firm Q/Q Growth	-0.32%	51.79%	-18.07%	-168.12%	36.38%	62.24%	23.56%	19.72%	-14.30%	-23.26%	-19.74%
Invested Capital Q/Q Growth	0.14%	2.42%	0.93%	0.54%	-0.02%	3.59%	0.41%	-0.66%	1.28%	5.66%	2.55%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	37.60%	37.80%	36.60%	36.76%	33.59%	38.09%	33.78%	35.50%	37.01%	30.14%	30.29%
EBITDA Margin	32.74%	32.31%	31.43%	31.91%	29.50%	32.20%	29.97%	30.08%	31.65%	33.20%	24.53%
Operating Margin	20.26%	19.12%	12.39%	13.49%	16.59%	19.22%	10.03%	11.53%	16.14%	12.42%	5.40%
EBIT Margin	21.07%	19.03%	14.05%	14.91%	18.27%	19.20%	12.23%	12.45%	17.67%	20.54%	6.73%
Profit (Net Income) Margin	12.80%	12.61%	4.70%	5.69%	11.73%	16.21%	3.88%	4.60%	11.56%	15.25%	-1.61%
Tax Burden Percent	86.81%	99.00%	102.65%	97.88%	96.88%	126.86%	134.64%	149.77%	113.75%	107.34%	102.78%
Interest Burden Percent	70.00%	66.92%	32.55%	38.97%	66.27%	66.57%	23.55%	24.68%	57.49%	69.18%	-23.32%
Effective Tax Rate	13.19%	1.00%	-2.65%	2.12%	3.12%	-26.86%	-34.64%	-49.77%	-13.75%	-7.34%	0.00%
Return on Invested Capital (ROIC)	6.73%	7.21%	4.95%	5.14%	6.18%	8.76%	5.05%	6.48%	6.91%	5.01%	1.42%
ROIC Less NNEP Spread (ROIC-NNEP)	5.55%	5.89%	3.67%	3.90%	5.10%	7.04%	3.49%	4.36%	5.49%	5.44%	0.53%
Return on Net Nonoperating Assets (RNNOA)	5.37%	5.91%	3.67%	3.86%	5.10%	7.21%	3.52%	4.29%	5.39%	5.58%	0.53%
Return on Equity (ROE)	12.10%	13.13%	8.62%	9.00%	11.28%	15.97%	8.57%	10.76%	12.30%	10.59%	1.95%
Cash Return on Invested Capital (CROIC)	2.08%	2.08%	1.68%	2.14%	3.37%	2.06%	-1.04%	-3.58%	-6.48%	-4.74%	-2.18%
Operating Return on Assets (OROA)	5.25%	4.71%	3.54%	3.78%	4.58%	4.45%	2.94%	3.00%	4.22%	4.92%	1.59%
Return on Assets (ROA)	3.19%	3.12%	1.18%	1.44%	2.94%	3.76%	0.93%	1.11%	2.76%	3.66%	-0.38%
Return on Common Equity (ROCE)	12.10%	13.13%	8.62%	9.00%	11.28%	15.97%	8.57%	10.76%	12.30%	10.59%	1.95%
Return on Equity Simple (ROE_SIMPLE)	7.10%	0.00%	7.79%	7.64%	7.45%	0.00%	6.85%	6.02%	5.80%	0.00%	5.73%
Net Operating Profit after Tax (NOPAT)	109	101	50	53	98	126	51	66	87	68	14
NOPAT Margin	17.59%	18.93%	12.71%	13.21%	16.07%	24.38%	13.51%	17.27%	18.36%	13.33%	3.78%
Net Nonoperating Expense Percent (NNEP)	1.18%	1.32%	1.28%	1.24%	1.08%	1.71%	1.56%	2.11%	1.42%	-0.42%	0.89%
Return On Investment Capital (ROIC_SIMPLE)	1.94%	1.80%	-	-	-	2.33%	-	-	-	1.32%	-
Cost of Revenue to Revenue	62.40%	62.20%	63.40%	63.24%	66.41%	61.91%	66.22%	64.50%	62.99%	69.86%	69.71%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	17.34%	18.68%	24.21%	23.26%	17.00%	18.87%	23.74%	23.97%	20.88%	17.72%	24.90%
Earnings before Interest and Taxes (EBIT)	130	101	55	60	111	99	46	47	84	105	24
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	202	172	124	128	180	167	114	114	150	169	88
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.27	1.11	1.21	1.06	1.05	1.04	0.98	1.16	1.24	1.25	1.10
Price to Tangible Book Value (P/TBV)	1.29	1.13	1.23	1.08	1.07	1.07	1.00	1.19	1.26	1.28	1.12
Price to Revenue (P/Rev)	1.72	1.48	1.59	1.40	1.40	1.48	1.35	1.62	1.71	1.71	1.50
Price to Earnings (P/E)	17.85	15.91	15.48	13.84	14.07	15.17	14.25	19.29	21.31	18.85	19.11
Dividend Yield	4.57%	5.25%	4.86%	5.47%	5.43%	5.49%	5.92%	4.89%	4.53%	4.44%	5.20%
Earnings Yield	5.60%	6.29%	6.46%	7.23%	7.11%	6.59%	7.02%	5.18%	4.69%	5.31%	5.23%
Enterprise Value to Invested Capital (EV/IC)	1.14	1.05	1.10	1.03	1.02	1.02	0.99	1.08	1.11	1.12	1.04
Enterprise Value to Revenue (EV/Rev)	3.03	2.81	2.90	2.70	2.71	2.91	2.73	3.00	3.10	3.13	2.86
Enterprise Value to EBITDA (EV/EBITDA)	9.42	9.03	9.32	8.76	8.88	9.35	8.69	9.93	10.47	10.45	9.60
Enterprise Value to EBIT (EV/EBIT)	16.99	16.63	17.11	16.26	16.77	18.40	16.87	19.94	21.22	20.83	20.06
Enterprise Value to NOPAT (EV/NOPAT)	19.10	18.12	16.99	15.95	15.72	15.83	18.60	22.33	26.32	25.08	22.08
Enterprise Value to Operating Cash Flow (EV/OCF)	11.16	10.21	11.21	10.43	9.41	11.40	15.49	27.58	94.34	43.16	18.77
Enterprise Value to Free Cash Flow (EV/FCFF)	55.78	51.47	67.14	49.16	30.91	50.84	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.11	1.17	1.17	1.15	1.14	1.18	1.16	1.16	1.16	1.20	1.15
Long-Term Debt to Equity	1.01	1.03	1.05	1.05	1.05	1.03	1.07	1.08	1.06	1.00	1.02
Financial Leverage	0.97	1.00	1.00	0.99	1.00	1.02	1.01	0.98	0.98	1.03	1.01
Leverage Ratio	3.02	3.08	3.09	3.06	3.07	3.14	3.13	3.09	3.12	3.18	3.18
Compound Leverage Factor	2.11	2.06	1.01	1.19	2.03	2.09	0.74	0.76	1.80	2.20	-0.74
Debt to Total Capital	52.71%	53.82%	53.87%	53.51%	53.30%	54.12%	53.77%	53.77%	53.77%	54.61%	53.41%
Short-Term Debt to Total Capital	5.12%	6.31%	5.52%	4.76%	4.21%	6.72%	4.25%	4.04%	4.74%	9.26%	5.87%
Long-Term Debt to Total Capital	47.59%	47.51%	48.36%	48.75%	49.09%	47.40%	49.52%	49.72%	49.03%	45.35%	47.54%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	47.29%	46.18%	46.13%	46.49%	46.70%	45.88%	46.23%	46.23%	46.23%	45.39%	46.59%
Debt to EBITDA	4.72	5.00	4.93	4.94	5.00	5.38	5.12	5.35	5.44	5.49	5.26
Net Debt to EBITDA	4.06	4.29	4.23	4.22	4.29	4.59	4.39	4.59	4.69	4.75	4.57
Long-Term Debt to EBITDA	4.26	4.41	4.42	4.50	4.61	4.71	4.72	4.95	4.96	4.56	4.69
Debt to NOPAT	9.57	10.03	8.99	8.99	8.85	9.10	10.96	12.03	13.67	13.16	12.11
Net Debt to NOPAT	8.23	8.61	7.71	7.69	7.59	7.77	9.40	10.32	11.78	11.39	10.51
Long-Term Debt to NOPAT	8.64	8.86	8.07	8.19	8.15	7.97	10.09	11.13	12.47	10.93	10.78
Altman Z-Score	0.83	0.74	0.74	0.73	0.76	0.70	0.68	0.74	0.79	0.74	0.66
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.93	0.85	0.75	0.88	0.97	0.85	0.94	0.97	1.08	0.75	0.68
Quick Ratio	0.32	0.30	0.22	0.27	0.40	0.33	0.24	0.29	0.38	0.28	0.26
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-94	-94	-195	-165	-62	-96	-253	-331	-412	-361	-293
Operating Cash Flow to CapEx	178.64%	70.39%	82.49%	95.74%	160.18%	38.43%	93.37%	138.86%	93.79%	-71.60%	3.71%
Free Cash Flow to Firm to Interest Expense	-2.42	-2.75	-5.23	-4.52	-1.67	-2.88	-7.13	-9.29	-11.57	-11.19	-9.82
Operating Cash Flow to Interest Expense	4.72	2.63	3.41	3.47	5.15	1.62	3.49	4.92	2.64	-2.68	0.15
Operating Cash Flow Less CapEx to Interest Expense	2.08	-1.11	-0.72	-0.15	1.94	-2.59	-0.25	1.38	-0.18	-6.41	-3.89
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.25	0.25	0.25	0.25	0.25	0.23	0.24	0.24	0.24	0.24	0.24
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	6.68	7.03	7.44	8.47	9.23	8.34	8.57	10.38	13.14	11.99	10.17
Fixed Asset Turnover	0.33	0.33	0.33	0.34	0.34	0.31	0.32	0.32	0.32	0.32	0.00
Accounts Payable Turnover	11.31	9.25	11.74	11.85	11.39	6.45	10.56	10.23	10.43	6.86	9.95
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	54.66	51.95	49.05	43.10	39.57	43.77	42.58	35.15	27.79	30.45	35.88
Days Payable Outstanding (DPO)	32.27	39.44	31.08	30.80	32.06	56.57	34.55	35.67	34.99	53.19	36.70
Cash Conversion Cycle (CCC)	22.39	12.51	17.97	12.30	7.51	-12.80	8.03	-0.52	-7.20	-22.74	-0.82
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,189	5,182	5,060	5,013	4,986	4,987	4,814	4,794	4,826	4,765	4,510
Invested Capital Turnover	0.38	0.38	0.39	0.39	0.38	0.36	0.37	0.38	0.38	0.38	0.37
Increase / (Decrease) in Invested Capital	203	195	245	219	160	222	304	397	500	429	307
Enterprise Value (EV)	5,895	5,455	5,581	5,159	5,109	5,097	4,756	5,181	5,340	5,352	4,671
Market Capitalization	3,355	2,864	3,050	2,673	2,643	2,595	2,352	2,787	2,951	2,922	2,448
Book Value per Share	$33.06	$32.72	$32.12	$32.32	$32.25	$32.12	$31.49	$31.68	$31.79	$31.65	$30.62
Tangible Book Value per Share	$32.41	$32.07	$31.46	$31.65	$31.58	$31.45	$30.81	$30.99	$31.09	$30.93	$29.91
Total Capital	5,602	5,611	5,481	5,436	5,397	5,416	5,213	5,192	5,160	5,144	4,797
Total Debt	2,953	3,020	2,952	2,909	2,876	2,931	2,803	2,792	2,775	2,809	2,562
Total Long-Term Debt	2,666	2,666	2,650	2,650	2,649	2,567	2,582	2,582	2,530	2,333	2,281
Net Debt	2,540	2,591	2,532	2,486	2,466	2,502	2,404	2,394	2,390	2,431	2,224
Capital Expenditures (CapEx)	103	128	154	132	119	140	133	126	100	121	121
Debt-free, Cash-free Net Working Capital (DFCFNWC)	216	209	118	170	197	216	177	180	285	220	46
Debt-free Net Working Capital (DFNWC)	233	239	127	185	209	251	185	196	296	234	60
Net Working Capital (NWC)	-54	-115	-175	-74	-18	-113	-36	-14	51	-243	-222
Net Nonoperating Expense (NNE)	30	34	32	30	26	42	37	48	32	-9.78	19
Net Nonoperating Obligations (NNO)	2,540	2,591	2,532	2,486	2,466	2,502	2,404	2,394	2,441	2,431	2,275
Total Depreciation and Amortization (D&A)	72	71	68	68	68	67	67	67	66	65	64
Debt-free, Cash-free Net Working Capital to Revenue	11.10%	10.78%	6.14%	8.93%	10.42%	12.33%	10.13%	10.44%	16.54%	12.89%	2.79%
Debt-free Net Working Capital to Revenue	11.97%	12.33%	6.61%	9.70%	11.07%	14.33%	10.62%	11.35%	17.16%	13.67%	3.67%
Net Working Capital to Revenue	-2.77%	-5.93%	-9.11%	-3.87%	-0.97%	-6.45%	-2.08%	-0.83%	2.97%	-14.19%	-13.58%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.98	$0.86	$0.23	$0.29	$0.91	$1.09	$0.19	$0.23	$0.73	$1.05	($0.08)
Adjusted Weighted Average Basic Shares Outstanding	80.22M	78.73M	78.84M	78.39M	78.16M	76.40M	76.73M	75.98M	75.17M	72.99M	73.23M
Adjusted Diluted Earnings per Share	$0.98	$0.86	$0.23	$0.29	$0.91	$1.09	$0.19	$0.23	$0.73	$1.05	($0.08)
Adjusted Weighted Average Diluted Shares Outstanding	80.31M	78.82M	78.97M	78.46M	78.21M	76.50M	76.76M	76.13M	75.28M	73.09M	73.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	80.56M	80.13M	79.18M	78.70M	78.19M	78.16M	77.37M	76.53M	75.76M	75.03M	73.78M
Normalized Net Operating Profit after Tax (NOPAT)	109	101	34	53	98	70	27	31	54	44	14
Normalized NOPAT Margin	17.59%	18.93%	8.67%	13.21%	16.07%	13.45%	7.02%	8.07%	11.30%	8.70%	3.78%
Pre Tax Income Margin	14.75%	12.73%	4.57%	5.81%	12.11%	12.78%	2.88%	3.07%	10.16%	14.21%	-1.57%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.33	2.96	1.48	1.64	3.02	2.99	1.31	1.33	2.35	3.24	0.81
NOPAT to Interest Expense	2.78	2.95	1.34	1.45	2.65	3.80	1.45	1.84	2.44	2.11	0.46
EBIT Less CapEx to Interest Expense	0.69	-0.77	-2.65	-1.98	-0.20	-1.21	-2.43	-2.22	-0.47	-0.49	-3.23
NOPAT Less CapEx to Interest Expense	0.14	-0.78	-2.79	-2.17	-0.56	-0.41	-2.29	-1.70	-0.37	-1.63	-3.59
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	80.85%	83.33%	75.26%	75.60%	76.51%	82.46%	83.60%	93.38%	95.42%	83.23%	98.59%
Augmented Payout Ratio	80.85%	83.33%	75.26%	75.60%	76.51%	82.46%	83.60%	93.38%	95.42%	83.23%	98.59%

Frequently Asked Questions About Avista's Financials

When does Avista's fiscal year end?

According to the most recent income statement we have on file, Avista's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Avista's net income changed over the last 9 years?

Avista's net income appears to be on an upward trend, with a most recent value of $180 million in 2024, rising from $123.32 million in 2015. The previous period was $171 million in 2023. See Avista's forecast for analyst expectations on what’s next for the company.

What is Avista's operating income?

Avista's total operating income in 2024 was $306 million, based on the following breakdown:

Total Gross Profit: $698 million
Total Operating Expenses: $392 million

How has Avista revenue changed over the last 9 years?

Over the last 9 years, Avista's total revenue changed from $1.48 billion in 2015 to $1.94 billion in 2024, a change of 30.5%.

How much debt does Avista have?

Avista's total liabilities were at $5.35 billion at the end of 2024, a 2.5% increase from 2023, and a 58.4% increase since 2015.

How much cash does Avista have?

In the past 9 years, Avista's cash and equivalents has ranged from $8.51 million in 2016 to $35 million in 2023, and is currently $30 million as of their latest financial filing in 2024.

How has Avista's book value per share changed over the last 9 years?

Over the last 9 years, Avista's book value per share changed from 24.53 in 2015 to 32.72 in 2024, a change of 33.4%.

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This page (NYSE:AVA) was last updated on 5/29/2025 by MarketBeat.com Staff

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Avista (AVA) Financials

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