AVA: the cashflow

MyFinsight

For the quarter ending 2025-09-30, AVA had $35M increase in cash & cash equivalents over the period. $37M in free cash flow.

Unit: Million (M) dollars (except for numbers of shares and EPS)

Cash Flow	2025-09-30	2025-06-30
Net income	29	93
Depreciation and amortization	73	143
Deferred income tax provision	3	-5
Power and natural gas cost deferrals, net	-35	-6
Amortization of debt expense	1	1
Stock-based compensation expense	1	7
Equity-related afudc	3	5
Pension and other postretirement benefit expense	4	7
Other regulatory assets and liabilities	-2	-30
Other deferred debits and credits	-16	-33
Change in decoupling regulatory deferral	-7	4
Realized and unrealized losses on assets	1	-13
Other	1	0
Contributions to defined benefit pension plan	3	7
Cash received for settlement of interest rate swap agreements	1	0
Accounts and notes receivable	-14	-28
Inventory	12	24
Collateral for derivative instruments	-19	1
Income taxes receivable	2	3
Other current assets	-28	44
Accounts payable	1	-19
Other current liabilities	26	-13
Net cash provided by operating activities	170	224
Utility property capital expenditures (excluding equity-related afudc)	133	246
Repayments from notes receivable	6	-
Investments made in equity and property	0	3
Other	-2	-1
Net cash used in investing activities	-125	-248
Net decrease in short-term borrowings	-118	51
Proceeds from issuance of long-term debt	140	0
Maturity of long-term debt and finance leases	1	2
Issuance of common stock, net of issuance costs	10	35
Cash dividends paid	40	79
Other	-1	-2
Net cash used in financing activities	-10	3
Net increase (decrease) in cash and cash equivalents	35	-21
Cash and cash equivalents at beginning of period	30	-
Cash and cash equivalents at end of period	44	-

Unit: Million (M) dollars