Avista (AVA) FY2015 results: revenue $1.5 billion, up 0.8% on the year
Avista Corp. (AVA) reported revenue of $1.5 billion for fiscal 2015, the year ended 31 December 2015, up 0.8% on the year before. Net income was $123 million, down 35.8%, and diluted earnings per share $1.97. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2016.
Revenue
$1.5 billion
+0.8% on the year
FY2008FY2015
Operating margin
17.1%
17.2% a year earlier
FY2008FY2015
Net income
$123 million
-35.8% on the year
FY2008FY2015
Diluted EPS
$1.97
-36.5% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
1,485
1,473
1,442
+0.8%
Operating income
253
253
231
+0.2%
Operating margin
17.1%
17.2%
16.0%
Interest expense
80.0
75.3
77.1
+6.2%
Pre-tax income
186
192
162
-3.4%
Income tax
67.4
72.2
58.0
-6.6%
Effective tax rate
36.3%
37.6%
35.7%
Net income
123
192
111
-35.8%
Net margin
8.3%
13.0%
7.7%
Diluted EPS
$1.97
$3.10
$1.85
-36.5%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
376
267
243
+40.5%
Capital expenditure
393
326
294
+20.9%
Free cash flow
-17.8
-58.2
-51.8
Free cash flow margin
-1.2%
-4.0%
-3.6%
Cash from investing
-388
-104
-312
Cash from financing
0.5
-224
76.8
Depreciation and amortisation
148
138
133
+6.9%
Share-based compensation
6.9
8.1
6.2
-14.8%
Buybacks
2.9
79.9
0.0
-96.3%
Dividends paid
82.4
78.3
73.3
+5.2%
Dividend per share
$1.32
$1.27
$1.22
+3.9%
Diluted shares, weighted
63m
62m
60m
+1.3%
Shares outstanding at period end
62m
62m
60m
+0.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,528
1,483
1,318
+3.0%
Non-controlling interest
0.3
0.4
20.0
-21.0%
Redeemable equity
n/a
0.0
15.9
Debt
1,730
1,645
1,559
+5.1%
Other liabilities
1,648
1,572
1,098
+4.8%
Total liabilities and equity
4,907
4,701
4,012
+4.4%
Goodwill
57.7
58.0
76.3
-0.5%
Intangible assets
n/a
0.0
39.6
Cash and equivalents
10.5
22.1
82.6
-52.7%
Inventory
54.1
66.4
44.9
-18.4%
Other assets
4,784
4,554
3,768
+5.0%
Total assets
4,907
4,701
4,012
+4.4%
10-K for the year ended 31 December 2015, filed 24 February 2016: the filing.