AVA: the balance sheet

MyFinsight

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash and cash equivalents	18	19	44	9
Accounts and notes receivable, net	NaN	220	NaN	NaN
Accounts receivable-less allowances of 6 and 5, respectively	195	NaN	155	170
Inventory	241	236	228	216
Regulatory assets	184	135	129	122
Other current assets	97	119	109	150
Total current assets	735	729	665	667
Net utility property	6,405	6,319	6,203	6,133
Goodwill	52	52	52	52
Non-current regulatory assets	824	871	878	851
Other property and investments-net and other non-current assets	392	388	364	362
Total assets	8,408	8,359	8,162	8,065

Accounts payable	119	163	118	111
Short-term borrowings	385	388	287	270
Regulatory liabilities	94	126	117	108
Other current liabilities	222	201	207	179
Total current liabilities	820	878	729	668
Long-term debt-Nonrelated Party	2,754	2,754	2,753	2,749
Long-term debt-Related Party	52	52	52	52
Pensions and other postretirement benefits	64	65	72	72
Deferred income taxes	793	778	770	757
Non-current regulatory liabilities	820	818	847	843
Other non-current liabilities and deferred credits	329	305	294	279
Total liabilities	5,632	5,650	5,517	5,420
Common stock, no par value 200,000 shares authorized 82,638 and 82,193 shares issued and outstanding, respectively (shares in thousands)	1,821	1,805	1,771	1,760
Accumulated other comprehensive loss	-1	-1	NaN	NaN
Retained earnings	956	905	874	885
Total shareholders equity	2,776	2,709	2,645	2,645
Total liabilities and equity	8,408	8,359	8,162	8,065

Unit: Million (M) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.