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SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT | 12 Months Ended
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Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract] |
SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT | SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
|  | Year Ended December 31,
|  | 2023 |  | 2022 |  | 2021
|  | (thousands of dollars)
Income: |  |  |  |  |  |
Equity in income of subsidiaries |  | $ | 262,081 |  |  | $ | 258,540 |  |  | $ | 245,591 |
Investment income |  | 1,932 |  |  | 1,795 |  |  | 148 |
Total income |  | 264,013 |  |  | 260,335 |  |  | 245,739 |
Expenses: |  |  |  |  |  |
Operating expenses |  | 553 |  |  | 444 |  |  | 679 |
Interest expense |  | 3,171 |  |  | 1,267 |  |  | 82 |
Other expenses |  | 200 |  |  | 250 |  |  | 192 |
Total expenses |  | 3,924 |  |  | 1,961 |  |  | 953 |
Income Before Income Taxes |  | 260,089 |  |  | 258,374 |  |  | 244,786 |
Income Tax Benefit |  | (1,106) |  |  | (608) |  |  | (764) |
Net Income Attributable to IDACORP, Inc. |  | 261,195 |  |  | 258,982 |  |  | 245,550 |
Other comprehensive (loss) income |  | (4,262) |  |  | 27,118 |  |  | 3,318 |
Comprehensive Income Attributable to IDACORP, Inc. |  | $ | 256,933 |  |  | $ | 286,100 |  |  | $ | 248,868 |
The accompanying note is an integral part of these statements.
IDACORP, INC. CONDENSED STATEMENTS OF CASH FLOWS
|  | Year Ended December 31,
|  | 2023 |  | 2022 |  | 2021
|  | (thousands of dollars)
Operating Activities: |  |  |  |  |  |
Net cash provided by operating activities |  | $ | 154,190 |  |  | $ | 77,048 |  |  | $ | 174,209 |
Investing Activities: |  |  |  |  |  |
Purchase of investments |  | (1,002) |  |  | (26,620) |  |  | (26,363) |
Maturities of investments |  | — |  |  | 25,000 |  |  | 50,000 |
Net cash (used in) provided by investing activities |  | (1,002) |  |  | (1,620) |  |  | 23,637 |
Financing Activities: |  |  |  |  |  |
Dividends on common stock |  | (162,646) |  |  | (154,287) |  |  | (146,119) |
Change in intercompany notes payable |  | (282) |  |  | (3,811) |  |  | (2,167) |
Other |  | (3,533) |  |  | (3,184) |  |  | (3,124) |
Net cash used in financing activities |  | (166,461) |  |  | (161,282) |  |  | (151,410) |
Net (decrease) increase in cash and cash equivalents |  | (13,273) |  |  | (85,854) |  |  | 46,436 |
Cash and cash equivalents at beginning of year |  | 67,171 |  |  | 153,025 |  |  | 106,589 |
Cash and cash equivalents at end of year |  | $ | 53,898 |  |  | $ | 67,171 |  |  | $ | 153,025 |
The accompanying note is an integral part of these statements.
IDACORP, INC. CONDENSED BALANCE SHEETS
|  | December 31,
|  | 2023 |  | 2022
Assets |  | (thousands of dollars)
Current Assets: |  |  |  |
Cash and cash equivalents |  | $ | 53,898 |  |  | $ | 67,171 |
Receivables |  | 16,397 |  |  | 56,446 |
Income taxes receivable |  | 1,551 |  |  | 1,098 |
Other |  | 107 |  |  | 98 |
Total current assets |  | 71,953 |  |  | 124,813 |
Investments |  | 2,893,353 |  |  | 2,739,616 |
Other Assets: |  |  |  |
Deferred income taxes |  | 1,919 |  |  | 131 |
Other |  | 422 |  |  | 286 |
Total other assets |  | 2,341 |  |  | 417 |
Total assets |  | $ | 2,967,647 |  |  | $ | 2,864,846 |
Liabilities and Shareholders’ Equity |  |  |  |
Noncurrent Liabilities: |  |  |  |
Intercompany notes payable |  | $ | 59,598 |  |  | $ | 57,048 |
Other |  | 480 |  |  | 559 |
Total noncurrent liabilities |  | 60,078 |  |  | 57,607 |
IDACORP, Inc. Shareholders’ Equity |  | 2,907,569 |  |  | 2,807,239 |
Total Liabilities and Shareholders' Equity |  | $ | 2,967,647 |  |  | $ | 2,864,846 |
The accompanying note is an integral part of these statements.
BASIS OF PRESENTATION Pursuant to rules and regulations of the SEC, the unconsolidated condensed financial statements of IDACORP do not reflect all of the information and notes normally included with financial statements prepared in accordance with GAAP. Therefore, these financial statements should be read in conjunction with the consolidated financial statements and related notes included in the 2023 Form 10-K, Part II, Item 8. Accounting for Subsidiaries: IDACORP has accounted for the earnings of its subsidiaries under the equity method of accounting in these unconsolidated condensed financial statements. Included in net cash provided by operating activities in the condensed statements of cash flows are dividends that IDACORP subsidiaries paid to IDACORP of $105 million, $117 million, and $149 million in 2023, 2022, and 2021, respectively.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480922/205-10-S99-6 Reference 3: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-11 + Details
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