Avista (AVA) FY2021 results: revenue $1.4 billion, up 8.9% on the year
Avista Corp. (AVA) reported revenue of $1.4 billion for fiscal 2021, the year ended 31 December 2021, up 8.9% on the year before. Net income was $147 million, up 13.8%, and diluted earnings per share $2.10. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2022.
Revenue
$1.4 billion
+8.9% on the year
FY2014FY2021
Operating margin
15.9%
17.6% a year earlier
FY2014FY2021
Net income
$147 million
+13.8% on the year
FY2014FY2021
Diluted EPS
$2.10
+10.5% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
267
331
398
-19.2%
Capital expenditure
440
404
443
+8.8%
Free cash flow
-173
-73.3
-44.3
Free cash flow margin
-12.0%
-5.5%
-3.3%
Cash from investing
-445
-411
-446
Cash from financing
186
84.0
42.5
+120.8%
Depreciation and amortisation
232
224
206
+3.5%
Share-based compensation
4.7
5.8
11.4
-19.4%
Dividends paid
118
110
103
+7.2%
Dividend per share
$1.69
$1.62
$1.55
+4.3%
Diluted shares, weighted
70m
68m
66m
+2.9%
Shares outstanding at period end
71m
69m
67m
+3.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
2,155
2,030
1,939
+6.2%
Non-controlling interest
n/a
n/a
0.0
Debt
2,432
2,212
2,082
+10.0%
Operating lease liabilities
66.1
67.7
65.6
-2.4%
Finance lease liabilities
45.7
48.8
51.8
-6.3%
Other liabilities
2,155
2,044
1,944
+5.4%
Total liabilities and equity
6,854
6,402
6,082
+7.1%
Goodwill
52.4
52.4
52.4
0.0%
Cash and equivalents
22.2
14.2
9.9
+56.2%
Inventory
84.7
67.5
66.6
+25.6%
Other assets
6,694
6,268
5,954
+6.8%
Total assets
6,854
6,402
6,082
+7.1%
10-K for the year ended 31 December 2021, filed 23 February 2022: the filing.