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Information by Business Segments (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Business Segments

The following table presents information for each of the Company’s business segments (dollars in thousands):

		Avista Utilities				Alaska Electric Light and Power Company				Total Utility				Other				Intersegment Eliminations (1)				Total
For the three months ended March 31, 2024:
Operating revenues		$	594,936			$	14,458			$	609,394			$	22			$	—			$	609,416
Resource costs			292,508				609				293,117				—				—				293,117
Other operating expenses			107,315				3,934				111,249				316				—				111,565
Depreciation and amortization			65,085				2,842				67,927				3				—				67,930
Income (loss) from operations			94,637				6,776				101,413				(297	)			—				101,116
Interest expense (2)			36,031				1,400				37,431				570				(440	)			37,561
Income tax expense			800				1,487				2,287				19				—				2,306
Net income			67,508				3,911				71,419				76				—				71,495
Capital expenditures (3)			117,244				1,465				118,709				—				—				118,709
For the three months ended March 31, 2023:
Operating revenues		$	460,142			$	14,363			$	474,505			$	126			$	—			$	474,631
Resource costs			192,137				791				192,928				—				—				192,928
Other operating expenses			101,389				3,589				104,978				1,011				—				105,989
Depreciation and amortization			62,464				2,724				65,188				31				—				65,219
Income (loss) from operations			70,559				6,958				77,517				(916	)			—				76,601
Interest expense (2)			34,074				1,452				35,526				347				(218	)			35,655
Income tax expense (benefit)			(7,948	)			1,539				(6,409	)			(219	)			—				(6,628	)
Net income (loss)			51,627				4,042				55,669				(824	)			—				54,845
Capital expenditures (3)			97,764				2,726				100,490				3				—				100,493
Total Assets:
As of March 31, 2024:		$	7,206,221			$	272,623			$	7,478,844			$	192,904			$	(22,764	)		$	7,648,984
As of December 31, 2023:		$	7,262,704			$	269,683			$	7,532,387			$	191,665			$	(21,575	)		$	7,702,477

(1)Intersegment eliminations reported as interest expense represent intercompany interest.

(2)Including interest expense to affiliated trusts.

(3)The capital expenditures for the other businesses are included in other investing activities on the Condensed Consolidated Statements of Cash Flows.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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