IDACORP INC IDA
IDACORP is a holding company incorporated in 1998 under the laws of the state of Idaho. Its principal operating subsidiary is Idaho Power. IDACORP is subject to the provisions of the Public Utility Holding Company Act of 2005, which provides the FERC and state utility regulatory commissions with access to books and records and imposes record retention and reporting requirements on IDACORP.
Idaho Power was incorporated under the laws of the state of Idaho in 1989 as the successor to a Maine corporation that was organized in 1915 and began operations in 1916. Idaho Power is an electric utility engaged in the generation, transmission, distribution, sale, and purchase of electric energy and capacity and is regulated by the state regulatory commissions of Idaho and Oregon and by the FERC. Idaho Power is the parent of IERCo, a joint-owner of BCC, which mines and supplies coal to the Jim Bridger plant owned in part by Idaho Power. Idaho Power's utility operations constitute nearly all of IDACORP's current business operations.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.75B | $1.77B | $1.64B | $1.56B | $1.38B | $1.29B | $1.29B | $1.31B | $1.32B | $1.22B |
| Total operating expenses | $1.46B | $1.50B | $1.45B | $1.32B | $1.13B | $1.04B | $1.05B | $1.07B | $1.03B | $978.4M |
| Operating income | $354.0M | $327.8M | $313.5M | $327.2M | $329.7M | $309.5M | $298.3M | $296.9M | $315.5M | $283.6M |
| Interest expense | $168.2M | $135.9M | $116.5M | $89.4M | $86.7M | $87.4M | $86.5M | $85.9M | $83.7M | $82.0M |
| Pre-tax income | $310.4M | $305.0M | $289.2M | $297.4M | $282.8M | $266.7M | $257.8M | $244.9M | $261.8M | $234.5M |
| Income tax | $13.7M | $15.1M | $27.3M | $37.8M | $36.9M | $28.7M | $24.5M | $17.4M | $48.7M | $36.4M |
| Net income | $323.5M | $289.2M | $261.2M | $259.0M | $245.6M | $237.4M | $232.9M | $226.8M | $212.4M | $198.3M |
| EPS, basic | 5.96 | 5.50 | 5.15 | 5.11 | 4.85 | 4.70 | 4.61 | 4.50 | 4.22 | 3.94 |
| EPS, diluted | 5.90 | 5.50 | 5.14 | 5.11 | 4.85 | 4.69 | 4.61 | 4.49 | 4.21 | 3.94 |
| Shares, diluted (wtd. avg.) | $54.8M | $52.6M | $50.8M | $50.7M | $50.6M | $50.6M | $50.5M | $50.5M | $50.4M | $50.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $215.7M | $368.9M | $327.4M | $177.6M | $215.2M | $275.1M | $217.3M | $267.5M | $76.6M | $61.5M |
| Short-term investments | — | — | — | — | $0 | $25.0M | $0 | — | — | — |
| Receivables | $97.7M | $114.8M | $107.3M | $114.2M | $78.8M | $72.8M | $72.7M | $77.2M | $75.2M | $71.6M |
| Total current assets | $833.4M | $988.5M | $1.00B | $693.7M | $595.9M | $642.4M | $565.1M | $597.6M | $443.6M | $440.3M |
| Property, plant and equipment | — | $6.52B | $5.75B | $5.17B | $4.90B | $4.71B | $4.53B | $4.40B | $4.28B | $4.17B |
| Total assets | $10.23B | $9.24B | $8.48B | $7.54B | $7.21B | $7.10B | $6.64B | $6.38B | $6.05B | $6.29B |
| Accounts payable | $344.9M | $307.1M | $308.5M | $292.7M | $146.0M | $120.6M | $110.7M | $110.8M | $90.3M | $106.2M |
| Short-term debt | $116.3M | $19.9M | $49.8M | $0 | — | $0 | $100.0M | $0 | $0 | $1.1M |
| Total current liabilities | $897.8M | $700.8M | $634.1M | $548.6M | $325.6M | $287.6M | $374.9M | $258.6M | $200.7M | $249.7M |
| Long-term debt | $3.33B | $3.05B | $2.78B | $2.19B | $2.00B | $2.00B | $1.74B | $1.83B | $1.75B | $1.74B |
| Retained earnings | $2.28B | $2.15B | $2.04B | $1.94B | $1.83B | $1.73B | $1.63B | $1.53B | $1.43B | $1.32B |
| Total equity | $3.57B | $3.33B | $2.91B | $2.81B | $2.67B | $2.56B | $2.46B | $2.37B | $2.25B | $2.15B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $601.8M | $594.4M | $267.0M | $351.3M | $363.3M | $388.1M | $366.6M | $491.6M | $435.2M | $344.2M |
| Depreciation and amortisation | $258.4M | $228.1M | $199.9M | $173.6M | $179.4M | $175.9M | $173.8M | $169.1M | $165.9M | $147.3M |
| Capital expenditure | $1.18B | $1.01B | $611.1M | $432.6M | $300.0M | $310.9M | $278.7M | $277.9M | $285.5M | $296.9M |
| Investing cash flow | -$1.03B | -$917.7M | -$589.9M | -$424.3M | -$273.7M | -$347.3M | -$280.5M | -$258.2M | -$280.4M | -$293.9M |
| Financing cash flow | $273.9M | $364.7M | $472.8M | $35.3M | -$149.5M | $17.0M | -$136.4M | -$42.6M | -$139.6M | -$103.6M |
| Dividends paid | $188.5M | $176.6M | $163.5M | $154.3M | $146.1M | $137.8M | $129.7M | $121.4M | $113.1M | $105.0M |
| Buybacks | $3.3M | $3.8M | $3.3M | $3.1M | $3.0M | $4.6M | $4.2M | $3.6M | $3.2M | $3.3M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001057877-26-000028.
Others in SIC 4911
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|---|---|---|---|---|
| NEE | NEXTERA ENERGY INC | $173.98B | 25.3x | 9.8% |
| CEG | Constellation Energy Corp | $105.92B | 40.4x | 19.5% |
| AEP | AMERICAN ELECTRIC POWER CO INC | $67.74B | 18.7x | 8.7% |
| D | DOMINION ENERGY, INC | $57.90B | 19.1x | 16.5% |
| VST | Vistra Corp. | $50.11B | 68.5x | 19.1% |
| DTE | DTE ENERGY CO | $28.31B | 19.4x | — |
| FE | FIRSTENERGY CORP | $27.05B | 26.6x | 12.0% |
| ES | EVERSOURCE ENERGY | $26.76B | 15.6x | 14.3% |