AVA: the cash flow

MyFinsight

For the year ending 2025-12-31, AVA had -$11M decrease in cash & cash equivalents over the period. -$101M in free cash flow.

Cash Flow	2025-12-31
Net income	193
Depreciation and amortization	289
Benefit from (provision for) deferred income taxes	2
Power and natural gas cost (deferrals) amortizations, net	-54
Amortization of debt expense	2
Stock-based compensation expense	9
Equity-related afudc	11
Pension and other postretirement benefit expense	15
Other regulatory assets and liabilities	-33
Other non-current assets and liabilities	-58
Change in decoupling regulatory deferral	24
Realized and unrealized losses on assets and investments	-13
Other	-4
Contributions to defined benefit pension plan	10
Cash received on settlement of interest rate swap agreements	1
Accounts and notes receivable	24
Inventory	43
Collateral posted for derivative instruments	-12
Income taxes receivable	5
Other current assets	23
Accounts payable	25
Other current liabilities	15
Net cash provided by operating activities	469
Utility property capital expenditures (excluding equity-related afudc)	570
Issuance of notes receivable	0
Repayments from notes receivable	6
Equity and property investments	4
Proceeds from sale of investments	0
Other	-4
Net cash used in investing activities	-564
Net increase (decrease) in short-term borrowings	33
Proceeds from issuance of long-term debt	140
Maturity of long-term debt and finance leases	4
Issuance of common stock, net of issuance costs	78
Cash dividends paid	159
Other	-4
Net cash provided by financing activities	84
Net (decrease) increase in cash and cash equivalents	-11
Cash and cash equivalents at beginning of year	30
Cash and cash equivalents at end of year	19

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