IDACORP INC

IDA 10-K · FY 2025

IDA FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Unregulated Operating Revenue 3,388 3,668 -7.6%
Regulated Operating Revenue Electric Non Nuclear 1,809,609 1,822,965 -0.7%
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Idaho Power Company · Operating Segments 1,809,609 1,822,965 -0.7%
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Idaho Power Company 1,809,609 1,822,965 -0.7%
Utilities Operating Expense Purchased Power 392,462 425,082 -7.7%
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Idaho Power Company 392,462 425,082 -7.7%
Idaho Power Company · Long-Term Power Production Purchase Commitment 306 294 +4.1%
Utilities Operating Expense Fuel Used 253,236 259,204 -2.3%
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Bridger Coal Company 54.4 51.6 +5.4%
Idaho Power Company 253,236 259,204 -2.3%
Powercostadjustmentexpensedeferral 24,997 89,757 -72.2%
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Idaho Power Company 24,997 89,757 -72.2%
Utilities Operating Expense Maintenance And Operations 470,537 460,951 +2.1%
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Idaho Power Company 470,537 460,951 +2.1%
Energy Efficiency Programs 30,480 27,580 +10.5%
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Idaho Power Company 30,480 27,580 +10.5%
Utilities Operating Expense Depreciation And Amortization 251,072 223,410 +12.4%
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Idaho Power Company 251,072 223,410 +12.4%
Utilities Operating Expense Other 31,408 8,798 +257.0%
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Idaho Power Company 31,408 8,798 +257.0%
Utilities Operating Expense 1,454,192 1,494,782 -2.7%
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Idaho Power Company 1,454,192 1,494,782 -2.7%
Operating Income 353,976 327,839 +8.0%
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All Other Segments · Operating Segments -1,441 -344 -318.9%
Idaho Power Company · Operating Segments 355,417 328,183 +8.3%
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Idaho Power Company 355,417 328,183 +8.3%
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Parent Company 329,466 293,665 +12.2%
Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity -62,489 -53,238 -17.4%
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Idaho Power Company -62,489 -53,238 -17.4%
Income Loss From Equity Method Investments -4,922 -4,539 -8.4%
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All Other Segments · Operating Segments -1,938 -1,868 -3.7%
Idaho Power Company · Operating Segments -2,984 -2,671 -11.7%
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Bridger Coal Company -2,984 -2,671 -11.7%
Ida-West Energy -1,938 -1,868 -3.7%
Idaho Power Company -2,984 -2,671 -11.7%
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Parent Company -321,927 -289,689 -11.1%
Interest Expense Debt 174,929 139,196 +25.7%
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Idaho Power Company 174,929 139,196 +25.7%
Interest Expense Other 29,473 24,454 +20.5%
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Idaho Power Company 29,035 24,105 +20.5%
Interest Costs Capitalized Adjustment -36,211 -27,785 -30.3%
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Idaho Power Company -36,211 -27,785 -30.3%
Other Non-Operating Income (Expense) -57,222 -55,253 -3.6%
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Idaho Power Company -49,548 -49,710 +0.3%
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Parent Company 2,000 1,300 +53.8%
Non-Operating Income (Expense) 43,558 22,835 +90.8%
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Idaho Power Company 52,732 29,897 +76.4%
Income Before Taxes 310,418 305,004 +1.8%
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All Other Segments · Operating Segments 7,733 6,718 +15.1%
Idaho Power Company · Operating Segments 302,685 298,286 +1.5%
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Idaho Power Company 302,685 298,286 +1.5%
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Parent Company 323,229 288,151 +12.2%
Income Tax Expense (Benefit) -13,715 15,053 -191.1%
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All Other Segments · Operating Segments -538 -2,628 +79.5%
Idaho Power Company · Operating Segments -13,177 17,681 -174.5%
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Idaho Power Company -13,177 17,681 -174.5%
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Parent Company -243 -1,023 +76.2%
Net Income 324,133 289,951 +11.8%
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Idaho Power Company 315,862 280,605 +12.6%
Regulated And Unregulated Operating Revenue 1,812,997 1,826,633 -0.7%
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All Other Segments · Operating Segments 3,388 3,668 -7.6%
Other General Expense 4,829 4,012 +20.4%
Operating Expenses 1,459,021 1,498,794 -2.7%
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Parent Company 930 621 +49.8%
Net Income Loss Attributable To Noncontrolling Interest -661 -777 +14.9%
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Noncontrolling Interest 661 777 -14.9%
Net Income 323,472 289,174 +11.9%
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All Other Segments · Operating Segments 7,610 8,569 -11.2%
Idaho Power Company · Operating Segments 315,862 280,605 +12.6%
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Retained Earnings 323,472 289,174 +11.9%
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Parent Company 323,472 289,174 +11.9%
Wtd Avg Shares (Basic) 54,235 52,543 +3.2%
Wtd Avg Shares (Diluted) 54,806 52,615 +4.2%
EPS (Basic) 5.96 5.5 +8.4%
EPS (Diluted) 5.9 5.5 +7.3%
Revenue (FY)
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Idaho Power Company · Principal Owner 1.5 1.1 +36.4%
Revenue 1,746,972 1,768,881 -1.2%
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Energy efficiency program revenues 30,480 27,581 +10.5%
Idaho Fixed Cost Adjustment [Member] -3,896 2,856 -236.4%
Idaho Fixed Cost Adjustment [Member] · Commercial Retail Revenue -76 -170 +55.3%
Idaho Fixed Cost Adjustment [Member] · Residential Retail Revenue 3,972 -2,686 +247.9%
Other revenues 35,810 32,583 +9.9%
Retail revenues 1,556,358 1,552,780 +0.2%
Retail revenues · Commercial Retail Revenue 394,313 397,385 -0.8%
Retail revenues · Deferred revenue-AFUDC -15,120 -8,803 -71.8%
Retail revenues · Industrial Retail Revenue 270,571 267,211 +1.3%
Retail revenues · Irrigation Retail Revenue 198,468 196,401 +1.1%
Retail revenues · Residential Retail Revenue 708,126 700,586 +1.1%
Transmission services (wheeling) 72,231 79,173 -8.8%
Wholesale energy sales 55,989 73,908 -24.2%
Comprehensive Income 322,120 292,766 +10.0%
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Parent Company 322,120 292,766 +10.0%
Interest Expense 168,191 135,865 +23.8%
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All Other Segments · Operating Segments 3,409 3,593 -5.1%
Idaho Power Company · Operating Segments 167,753 135,516 +23.8%
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Parent Company 3,307 3,593 -8.0%
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Consolidation Eliminations -2,971 -3,244 +8.4%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 215,718 368,865 -41.5%
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Idaho Power Company 119,111 188,916 -37.0%
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Parent Company 95,132 178,094 -46.6%
Accounts Receivable 97,724 114,824 -14.9%
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Idaho Power Company 97,724 114,824 -14.9%
Other Receivables 37,764 29,627 +27.5%
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Idaho Power Company 37,108 28,874 +28.5%
Income Taxes Receivable 8,669 13,932 -37.8%
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Idaho Power Company 1,294 11,811 -89.0%
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Parent Company 7,091 2,350 +201.7%
Unbilled Receivables Current 79,931 97,711 -18.2%
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Idaho Power Company 79,931 97,711 -18.2%
Other Inventory Supplies 201,896 201,064 +0.4%
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Idaho Power Company 201,896 201,064 +0.4%
Energy Related Inventory Other Fossil Fuel 24,455 43,656 -44.0%
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Idaho Power Company 24,455 43,656 -44.0%
Prepaid Expense Current 30,579 29,461 +3.8%
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Idaho Power Company 30,447 29,328 +3.8%
Regulatory Assets Current 136,665 89,315 +53.0%
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Idaho Power Company 136,665 89,315 +53.0%
Other Assets Current 3
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Idaho Power Company 3
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Parent Company 103 107 -3.7%
Total Current Assets 833,404 988,455 -15.7%
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Idaho Power Company 728,634 805,499 -9.5%
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Parent Company 104,249 183,197 -43.1%
Long Term Investments 155,002 161,340 -3.9%
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Bridger Coal Company 16.8
Idaho Power Company 89,103 92,921 -4.1%
Non-Current Assets
Life Insurance Corporate Or Bank Owned Amount 105,306 92,062 +14.4%
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Idaho Power Company 105,306 92,062 +14.4%
Regulatory Assets Noncurrent 1,427,793 1,418,057 +0.7%
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Idaho Power Company 1,427,793 1,418,057 +0.7%
Other Non-Current Assets 55,986 62,131 -9.9%
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Idaho Power Company 49,502 52,744 -6.1%
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Parent Company 381 397 -4.0%
Assets Noncurrent Other Than Noncurrent Investments And Property Plant And Equipment 1,589,085 1,572,250 +1.1%
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Idaho Power Company 1,582,601 1,562,863 +1.3%
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Parent Company 2,744 12,226 -77.6%
Total Assets 10,225,437 9,239,363 +10.7%
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All Other Segments · Operating Segments 261,518 350,287 -25.3%
Idaho Power Company · Operating Segments 10,036,896 8,966,968 +11.9%
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Idaho Power Company 10,036,896 8,966,968 +11.9%
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Parent Company 3,641,512 3,405,632 +6.9%
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Consolidation Eliminations -72,977 -77,892 +6.3%
Deferred Tax Assets (Q)
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Parent Company 2,363 11,829 -80.0%
Other Assets
Public Utilities Property Plant And Equipment Plant In Service 8,249,106 7,957,763 +3.7%
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Idaho Power Company 8,249,106 7,957,763 +3.7%
Public Utilities Property Plant And Equipment Accumulated Depreciation -2,599,465 -2,714,706 +4.2%
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Idaho Power Company -2,599,465 -2,714,706 +4.2%
Public Utilities Property Plant And Equipment Net 5,649,641 5,243,057 +7.8%
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Idaho Power Company 5,649,641 5,243,057 +7.8%
Marysville Hydro Partners 14.2
Finance Lease Right Of Use Asset 219,612
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Idaho Power Company 219,612
Property Plant And Equipment Other 18,103 16,491 +9.8%
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Idaho Power Company 6,715 4,858 +38.2%
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization 7,647,946 6,517,318 +17.3%
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Idaho Power Company 7,636,558 6,505,685 +17.4%
Current Liabilities
Current Portion of Long-Term Debt 116,300 19,885 +484.9%
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Idaho Power Company 116,300 19,885 +484.9%
Accounts Payable 344,870 307,133 +12.3%
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Idaho Power Company 342,501 305,248 +12.2%
Accounts Payable Other Current And Noncurrent (Q)
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Idaho Power Company · Subsidiary Of Common Parent 3,555 3,403 +4.5%
Taxes Payable Current 7,532 6,981 +7.9%
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Idaho Power Company 7,532 6,981 +7.9%
Interest Payable Current 49,547 42,681 +16.1%
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Idaho Power Company 49,547 42,681 +16.1%
Employee Related Liabilities Current 77,245 70,548 +9.5%
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Idaho Power Company 76,912 70,319 +9.4%
Regulatory Liability Current 21,089 7,523 +180.3%
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Idaho Power Company 21,089 7,523 +180.3%
Deferred Revenue (Current) 201,743 165,229 +22.1%
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Idaho Power Company 201,743 165,229 +22.1%
Other Liabilities Current 79,509 80,821 -1.6%
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Idaho Power Company 64,209 61,309 +4.7%
Total Current Liabilities 897,835 700,801 +28.1%
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Idaho Power Company 883,388 682,578 +29.4%
Non-Current Liabilities
Deferred Tax Liabilities 802,885 822,231 -2.4%
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Idaho Power Company 800,939 829,446 -3.4%
Regulatory Liability Noncurrent 1,031,062 976,803 +5.6%
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Idaho Power Company 1,031,062 976,803 +5.6%
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent 137,406 165,992 -17.2%
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Pension Plans Defined Benefit 15,644 47,024 -66.7%
Supplemental Employee Retirement Plan Defined Benefit 97,783 95,491 +2.4%
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Idaho Power Company 137,406 165,992 -17.2%
Non Current Portion Of Finance Lease Liabilities 216,695
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Idaho Power Company 216,695
Other Non-Current Liabilities 229,830 181,804 +26.4%
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Idaho Power Company 224,375 167,775 +33.7%
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Parent Company 347 406 -14.5%
Liabilities Other Than Longterm Debt Noncurrent 2,417,878 2,146,830 +12.6%
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Idaho Power Company 2,410,477 2,140,016 +12.6%
Long-Term Debt 3,331,038 3,053,777 +9.1%
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Idaho Power Company 3,331,038 3,053,777 +9.1%
Long-Term Debt 3,331,038 3,053,777 +9.1%
Stockholders' Equity
Common Stock 1,301,907 1,194,998 +8.9%
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Idaho Power Company 97,877 97,877 0.0%
Additional Paid In Capital Common Stock (Q)
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Idaho Power Company 1,107,258 912,258 +21.4%
Capital Stock Issuance Costs (Q)
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Idaho Power Company -2,097 -2,097 0.0%
Retained Earnings 2,284,911 2,149,548 +6.3%
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Idaho Power Company 2,223,899 2,096,151 +6.1%
Accumulated Other Comprehensive Income -14,944 -13,592 -9.9%
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Idaho Power Company -14,944 -13,592 -9.9%
Total Stockholders' Equity 3,571,874 3,330,954 +7.2%
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Accumulated Defined Benefit Plans Adjustment -14,944 -13,592 -9.9%
Retained Earnings 3,578,686 3,337,955 +7.2%
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Idaho Power Company 3,411,993 3,090,597 +10.4%
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Parent Company 3,571,874 3,330,954 +7.2%
Total Liabilities & Equity 10,225,437 9,239,363 +10.7%
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Idaho Power Company 10,036,896 8,966,968 +11.9%
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Parent Company 3,641,512 3,405,632 +6.9%
Minority Interest 6,812 7,001 -2.7%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 3,578,686 3,337,955 +7.2%
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Accumulated Other Comprehensive Income -14,944 -13,592 -9.9%
Common Stock 1,301,907 1,194,998 +8.9%
Noncontrolling Interest 6,812 7,001 -2.7%
Retained Earnings 2,284,911 2,149,548 +6.3%
Construction In Progress Gross 1,740,809 1,244,559 +39.9%
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Idaho Power Company 1,740,809 1,244,559 +39.9%
Plant Held For Future Use Amount 19,781 13,211 +49.7%
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Idaho Power Company 19,781 13,211 +49.7%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Depreciation & Amortization 258,402 228,091 +13.3%
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Idaho Power Company 257,794 227,480 +13.3%
Deferred Income Taxes And Tax Credits -31,491 -17,592 -79.0%
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Idaho Power Company -48,505 -15,151 -220.1%
Increase Decrease In Regulatory Assets And Liabilities 31,229 115,026 -72.9%
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Idaho Power Company 31,229 115,026 -72.9%
Pension And Other Postretirement Benefit Expense 45,214 45,800 -1.3%
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Idaho Power Company 45,190 45,763 -1.3%
Pension And Other Postretirement Benefit Contributions -27,613 -25,463 -8.4%
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Idaho Power Company -27,589 -25,427 -8.5%
Equity Method Investment Dividends Or Distributions 9,225 7,850 +17.5%
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Idaho Power Company 7,150 5,750 +24.3%
Public Utilities Allowance For Funds Used During Construction Additions -62,489 -53,238 -17.4%
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Idaho Power Company -62,489 -53,238 -17.4%
Other Non-Cash Items 8,547 10,443 -18.2%
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Idaho Power Company -3,941 -1,502 -162.4%
Change in Accounts Receivable 9,688 31,434 -69.2%
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Idaho Power Company 9,466 32,702 -71.1%
Increase Decrease In Accounts Payable And Accrued Liabilities -3,666 -8,931 +59.0%
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Idaho Power Company -3,668 -8,927 +58.9%
Increase Decrease In Accrued Income Taxes Payable 18,370 -84,261 +121.8%
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Idaho Power Company 18,370 -84,261 +121.8%
Increase Decrease In Other Current Assets -16,168 16,939 -195.4%
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Idaho Power Company -16,798 15,781 -206.4%
Increase Decrease In Other Current Liabilities 5,814 10,769 -46.0%
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Idaho Power Company 11,068 -2,850 +488.4%
Increase Decrease In Other Noncurrent Assets 37,565 32,138 +16.9%
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Idaho Power Company 37,620 32,171 +16.9%
Net Cash from Operations 601,838 594,417 +1.2%
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Idaho Power Company 567,775 561,251 +1.2%
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Parent Company 215,505 194,597 +10.7%
Net Change in Cash -153,147 41,436 -469.6%
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Idaho Power Company -69,805 -82,875 +15.8%
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Parent Company -82,962 124,196 -166.8%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 215,718 368,865 -41.5%
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Idaho Power Company 119,111 188,916 -37.0%
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Parent Company 95,132 178,094 -46.6%
Deferred Income Taxes -45,362 -89,173 +49.1%
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Idaho Power Company -54,523 -80,284 +32.1%
Investing Activities
Capital Expenditures -1,179,327 -1,009,279 -16.8%
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Idaho Power Company -1,178,990 -1,009,138 -16.8%
Paymentsreceivedfromtransmissionprojectjointfundingpartners 151,880 83,708 +81.4%
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Idaho Power Company 151,880 83,708 +81.4%
Payments To Acquire Equity Securities Fv Ni -10,871 -11,642 +6.6%
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Idaho Power Company -8,452 -10,991 +23.1%
Debt Securities Held To Maturity Purchase -2,896 -1,845 -57.0%
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Corporate Fixed-Income And Asset-Backed Debt Securities 2.9 1.8 +61.1%
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Idaho Power Company -2,896 -1,845 -57.0%
Proceeds From Sale Of Trading Securities Heldforinvestment 12,398 10,641 +16.5%
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Idaho Power Company 12,013 10,641 +12.9%
Other Investing Activities 16,406 14,570 +12.6%
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Idaho Power Company 13,151 12,249 +7.4%
Net Cash from Investing -1,028,904 -917,661 -12.1%
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Idaho Power Company -1,013,294 -915,376 -10.7%
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Parent Company -197,034 -200,651 +1.8%
Payments To Acquire Partners Interest In Real Estate Partnership Net Of Cash Acquired -16,494 -3,814 -332.5%
Proceeds From Maturities Prepayments And Calls Of Shortterm Investments (FY)
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Parent Company 385
Financing Activities
Proceeds From Issuance Of Long Term Debt 400,000 300,000 +33.3%
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Idaho Power Company 400,000 300,000 +33.3%
Premium On Issuance Of Long Term Debt -3,072 -186 -1551.6%
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Idaho Power Company -3,072 -186 -1551.6%
Repayments Of Long Term Debt -19,885 -49,800 +60.1%
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Idaho Power Company -19,885 -49,800 +60.1%
Payments Of Dividends Common Stock -188,482 -176,565 -6.7%
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Idaho Power Company -187,806 -175,772 -6.8%
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Parent Company -187,633 -175,615 -6.8%
Proceeds From Contributions From Parent (FY)
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Idaho Power Company 195,000 200,000 -2.5%
Proceeds From Payments For Other Financing Activities -5,321 -3,437 -54.8%
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Idaho Power Company 4,761 -2,992 +259.1%
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Parent Company -3,625 -4,015 +9.7%
Net Cash from Financing 273,919 364,680 -24.9%
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Idaho Power Company 375,714 271,250 +38.5%
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Parent Company -101,433 130,250 -177.9%
Finance Lease Principal Payments 3,762
Proceeds From Issuance Of Common Stock 97,777 298,450 -67.2%
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Parent Company 97,777 -298,450 +132.8%
Share Repurchases -3,336 -3,782 +11.8%
Supplemental
Interest Paid 139,277 109,067 +27.7%
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Idaho Power Company 138,839 108,718 +27.7%
Unpaid Capital Expenditures 222,340 168,107 +32.3%
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Idaho Power Company 222,340 168,107 +32.3%
Right Of Use Asset Obtained In Exchange For Finance Lease Liability 226,618
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Idaho Power Company 226,618
Income Taxes Paid 24,492 25,200 -2.8%
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Idaho Power Company 26,745 37,118 -27.9%

Values in thousands USD. Source: SEC EDGAR 10-K filing.

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