IDACORP INC

Listed Company

IDACIK 0001057877NYSELarge AcceleratedElectric ServicesIdahoFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$323.47M

Total Assets

$10.23B

Equity

$3.57B

Shares Out

55.41M

Op. Cash Flow

$601.84M

Business

IDACORP INC is a holding company whose principal operating subsidiary, Idaho Power, provides regulated electric utility services including generation, transmission, distribution, sale and purchase of electricity and capacity. It offers retail and wholesale electricity sales, transmission services under an OATT, power procurement and market participation, resource planning, energy efficiency and demand response programs, and battery storage and power purchase arrangements. Key business segments include Idaho Power’s utility operations, IFS (real estate tax credit investments), and Ida‑West (small hydropower projects). The company serves retail customers primarily in southern Idaho and eastern Oregon and participates in western wholesale and transmission markets.

Summary from filing dated 2025-02-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Electric utility revenues	1,810	1,823	1,763	1,641	1,455
Other operating revenues	3	4	3	3	3
Revenues	1,813	1,827	1,766	1,644	1,458
Purchased power	392	425	502	544	394
Fuel expense	253	259	275	230	181
Power cost adjustment	25	90	7	−101	−50
Other operations and maintenance	471	461	400	399	361
Energy efficiency programs	30	28	32	33	30
Depreciation	251	223	195	170	176
Other electric utility operating expenses	31	9	39	37	35
Total electric utility expenses	1,454	1,495	1,450	1,314	1,126
Other	5	4	3	3	3
Operating expenses	1,459	1,499	1,453	1,317	1,128
Operating income	354	328	313	327	330
Allowance for equity funds used during construction	−62	−53	−43	−37	−32
Earnings of unconsolidated equity-method investments	−5	−5	−12	−12	−11
Interest on long-term debt	175	139	116	87	84
Other interest	29	24	20	16	15
Allowance for borrowed funds used during construction	−36	−28	−20	−14	−12
Other (income) expense, net	−57	−55	−37	−11	3
Total nonoperating expense, net	44	23	24	30	47
Income before income taxes	310	305	289	297	283
Income Tax Expense	−14	15	27	38	37
Net Income	324	290	262	260	246
Adjustment for income attributable to noncontrolling interests	−661,000	−777,000	−698,000	−578,000	−322,000
Net Income Attributable to IDACORP, Inc.	323	289	261	259	246
Weighted Average Common Shares Outstanding - Basic (000s) (in shares)	54	53	51	51	51
Weighted Average Common Shares Outstanding - Diluted (000s) (in shares)	55	53	51	51	51
Earnings Attributable to IDACORP, Inc. - Basic (in dollars per share)	5.96	5.5	5.15	5.11	4.85
Earnings Attributable to IDACORP, Inc. - Diluted (in dollars per share)	5.9	5.5	5.14	5.11	4.85

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	216	369	327	178	215
Customer	98	115	107	114	79
Other	38	30	45	51	15
Income taxes receivable	9	14	25	14	15
Accrued unbilled revenues	80	98	91	85	75
Materials and supplies (at average cost)	202	201	141	92	78
Fuel stock (at average cost)	24	44	20	15	18
Prepayments	31	29	23	25	25
Current regulatory assets	137	89	226	80	71
Other	3,000	0	71,000	40	6
Total current assets	833	988	1,004	694	596
Investments	155	161	164	121	124
Utility plant in service	8,249	7,958	7,292	6,828	6,509
Accumulated provision for depreciation	−2,599	−2,715	−2,558	−2,465	−2,299
Utility plant in service - net	5,650	5,243	4,734	4,363	4,210
Construction work in progress	1,741	1,245	986	786	671
Finance lease liabilities	217	0	—	—	—
Utility plant held for future use	20	13	10	7	5
Other property, net of accumulated depreciation	18	16	16	17	16
Property, plant, and equipment - net	7,648	6,517	—	—	—
Company-owned life insurance	105	92	82	74	67
Regulatory assets	1,428	1,418	1,427	1,422	1,462
Other	56	62	54	59	59
Total other assets	1,589	1,572	1,563	1,555	1,589
Total assets	10,225	9,239	8,476	7,543	7,211
Current maturities of long-term debt	116	20	50	0	—
Accounts payable	345	307	309	293	146
Taxes accrued	8	7	7	9	14
Interest accrued	50	43	38	24	24
Accrued compensation	77	71	65	59	56
Current regulatory liabilities	21	8	8	64	11
Advances from customers	202	165	104	72	43
Other	80	81	54	28	31
Total current liabilities	898	701	634	549	326
Deferred income taxes	803	822	883	874	842
Regulatory liabilities	1,031	977	875	797	782
Pension and other postretirement benefits	137	166	234	238	521
Other	230	182	160	77	63
Total other liabilities	2,418	2,147	—	—	—
Long-Term Debt	3,331	3,054	2,776	2,194	2,001
Commitments and Contingencies	—	—	—	—	—
Common stock	1,302	1,195	889	882	875
Retained earnings	2,285	2,150	2,036	1,938	1,834
Accumulated other comprehensive loss	−15	−14	−17	−13	−40
Total IDACORP, Inc. shareholders equity at end of year	3,572	3,331	2,908	2,807	2,668
Noncontrolling interests	7	7	7	7	7
Total equity	3,579	3,338	2,915	2,815	2,675
Total	10,225	9,239	8,476	7,543	7,211

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	258	228	200	174	179
Deferred income taxes and investment tax credits	−31	−18	40	−511,000	24
Changes in regulatory assets and liabilities	31	115	−5	−80	−34
Pension and postretirement benefit plan expense	45	46	27	29	34
Contributions to pension and postretirement benefit plans	−28	−25	−55	−44	−44
Distributions from unconsolidated equity-method investments	9	8	3	12	12
Allowance for equity funds used during construction	−62	−53	−43	−37	−32
Other non-cash adjustments to net income, net	9	10	8	15	9
Accounts receivable	10	31	−18	−82	−9
Accounts payable and other accrued liabilities	−4	−9	−3	−2	−7
Taxes accrued/receivable	18	−84	−53	−12	991,000
Other current assets	−16	17	−81	113	18
Other current liabilities	6	11	−13	−5	−18
Other assets	38	32	11	23	−4
Net cash provided by operating activities	602	594	267	351	363
Additions to property, plant and equipment	−1,179	−1,009	−611	−433	−300
Payments received from transmission project joint funding partners	152	84	27	18	6
Payments to Acquire Partners Interest in Real Estate Partnership, Net of Cash Acquired	−16	−4	−3	−10	−15
Payments to Acquire Equity Securities, FV-NI	−11	−12	−12	−46	−17
Debt Securities, Held-to-Maturity, Purchase	−3	−2	−2	−31	0
Proceeds from Sale, Debt Security, Trading, and Equity Security, FV-NI, Held-for-Investment	12	11	9	64	11
Other	16	15	2	5	2
Net cash used in investing activities	−1,029	−918	−590	−424	−274
Issuance of long-term debt	400	300	872	198	0
Premium on issuance of long-term debt [Abstract]	−3	−186,000	−7	0	0
Retirement of long-term debt	−20	−50	−225	−4	0
Finance Lease, Principal Payments	4	0	0	—	—
Dividends on common stock	−188	−177	−164	−154	−146
Proceeds from Issuance of Common Stock	98	298	0	0	—
Acquisition of treasury stock	−3	−4	−3	−3	−3
Other	−5	−3	−403,000	−926,000	−334,000
Net cash used in financing activities	274	365	473	35	−149
Net (decrease) increase in cash and cash equivalents	−153	41	150	−38	−60
Interest (net of amount capitalized)	139	109	98	86	83
Additions to property, plant and equipment in accounts payable	222	168	185	84	54
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability	227	0	0	—	—

Filings

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