Avista (AVA) FY2022 results: revenue $1.7 billion, up 18.9% on the year
Avista Corp. (AVA) reported revenue of $1.7 billion for fiscal 2022, the year ended 31 December 2022, up 18.9% on the year before. Net income was $155 million, up 5.3%, and diluted earnings per share $2.12. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2023.
Revenue
$1.7 billion
+18.9% on the year
FY2015FY2022
Operating margin
11.1%
15.9% a year earlier
FY2015FY2022
Net income
$155 million
+5.3% on the year
FY2015FY2022
Diluted EPS
$2.12
+1.0% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
124
267
331
-53.5%
Capital expenditure
452
440
404
+2.7%
Free cash flow
-328
-173
-73.3
Free cash flow margin
-19.2%
-12.0%
-5.5%
Cash from investing
-460
-445
-411
Cash from financing
327
186
84.0
+76.4%
Depreciation and amortisation
253
232
224
+9.0%
Share-based compensation
9.0
4.7
5.8
+91.0%
Dividends paid
129
118
110
+9.2%
Dividend per share
$1.76
$1.69
$1.62
+4.1%
Diluted shares, weighted
73m
70m
68m
+4.3%
Shares outstanding at period end
75m
71m
69m
+4.8%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
2,335
2,155
2,030
+8.4%
Debt
2,809
2,432
2,212
+15.5%
Operating lease liabilities
64.3
66.1
67.7
-2.7%
Finance lease liabilities
42.5
45.7
48.8
-7.1%
Other liabilities
2,167
2,155
2,044
+0.6%
Total liabilities and equity
7,417
6,854
6,402
+8.2%
Goodwill
52.4
52.4
52.4
0.0%
Cash and equivalents
13.4
22.2
14.2
-39.4%
Inventory
108
84.7
67.5
+27.1%
Other assets
7,244
6,694
6,268
+8.2%
Total assets
7,417
6,854
6,402
+8.2%
10-K for the year ended 31 December 2022, filed 22 February 2023: the filing.