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Equity Investments (Tables)
 12 Months Ended
Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]  
Summary of Equity Investments

The following table summarizes Avista Corp.’s equity investments, which are included in “Other property and investments- net and other non-current assets” on the Consolidated Balance Sheets as of December 31 (dollars in thousands):

 

 

2022

 

 

2021

 

Equity method investments

 

$

70,196

 

 

$

66,896

 

Investments without readily determinable fair value

 

 

 

 

 

 

Non-recurring fair value

 

 

23,329

 

 

 

24,161

 

Recurring fair value

 

 

54,284

 

 

 

—

 

Total

 

$

147,809

 

 

$

91,057

 
Summary of Net Unrealized Gains Related to Investments without Readily Determinable Fair Value The following table summarizes net unrealized gains related to investments without readily determinable fair value held as of the end of the respective period for the years ended December 31 (dollars in thousands):

 

 

2022

 

 

2021

 

 

2020

 

Investments recorded at non-recurring fair value

 

$

12,285

 

 

$

8,761

 

 

$

925

 

Investments recorded at recurring fair value

 

 

33,382

 

 

 

—

 

 

 

—

 

Total

 

$

45,667

 

 

$

8,761

 

 

$

925

 
Net unrealized gains recorded related to investments recorded at non-recurring fair value result from identified observable transactions.