2016 Q3 Form 10-Q Financial Statement

#000010491816000278 Filed on November 01, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q4 2015 Q3
Revenue $303.3M $387.3M $313.6M
YoY Change -3.28% -5.96% 4.01%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $41.30M $38.30M $37.40M
YoY Change 10.43% 8.19% 8.72%
% of Gross Profit
Operating Expenses $263.8M $316.9M $277.7M
YoY Change -5.01% -8.17% 3.31%
Operating Profit $39.59M $70.37M $35.91M
YoY Change 10.25% 5.41% 9.61%
Interest Expense $21.63M -$19.80M $19.95M
YoY Change 8.43% 11.86% 7.02%
% of Operating Profit 54.63% -28.14% 55.56%
Other Income/Expense, Net $1.562M $3.400M $2.123M
YoY Change -26.42% 30.77% -18.6%
Pretax Income $19.87M $53.90M $18.87M
YoY Change 5.29% 4.46% 5.85%
Income Tax $7.606M $20.10M $6.115M
% Of Pretax Income 38.28% 37.29% 32.41%
Net Earnings $12.23M $38.52M $13.01M
YoY Change -5.97% 19.56% 24.5%
Net Earnings / Revenue 4.03% 9.95% 4.15%
Basic Earnings Per Share $0.19 $0.21
Diluted Earnings Per Share $0.19 $0.61 $0.21
COMMON SHARES
Basic Shares Outstanding 63.86M shares 62.31M shares 62.30M shares
Diluted Shares Outstanding 64.33M shares 62.76M shares 62.69M shares

Balance Sheet

Concept 2016 Q3 2015 Q4 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.000M $10.00M $9.000M
YoY Change -22.22% -54.55% -10.0%
Cash & Equivalents $7.084M $10.48M $9.314M
Short-Term Investments
Other Short-Term Assets $35.88M $30.62M $39.08M
YoY Change -8.19% -32.06% 1.46%
Inventory $58.08M $54.15M $59.74M
Prepaid Expenses
Receivables $116.0M $169.0M $111.0M
Other Receivables $49.00M $25.00M $0.00
Total Short-Term Assets $284.4M $306.0M $258.0M
YoY Change 10.23% -22.59% -2.72%
LONG-TERM ASSETS
Property, Plant & Equipment $4.057B $3.899B $3.784B
YoY Change 7.21% 7.71% 6.95%
Goodwill $57.67M $57.67M $57.67M
YoY Change 0.0% -0.52% 10.01%
Intangibles
YoY Change
Long-Term Investments $74.00M $71.00M $65.00M
YoY Change 13.85% 9.23% 1.56%
Other Assets $136.0M $143.6M $140.6M
YoY Change -3.29% -4.98% -7.64%
Total Long-Term Assets $4.931B $4.601B $4.481B
YoY Change 10.03% 6.85% 10.07%
TOTAL ASSETS
Total Short-Term Assets $284.4M $306.0M $258.0M
Total Long-Term Assets $4.931B $4.601B $4.481B
Total Assets $5.215B $4.907B $4.739B
YoY Change 10.04% 4.38% 9.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $81.90M $114.3M $63.17M
YoY Change 29.64% 1.22% -23.3%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $84.00M $105.0M $130.0M
YoY Change -35.38% 0.0% 271.43%
Long-Term Debt Due $3.000M $93.00M $93.00M
YoY Change -96.77% 1062.5% 675.0%
Total Short-Term Liabilities $341.9M $474.7M $447.7M
YoY Change -23.64% 23.21% 65.33%
LONG-TERM LIABILITIES
Long-Term Debt $1.730B $1.532B $1.443B
YoY Change 19.89% 0.0% -1.43%
Other Long-Term Liabilities $135.6M $130.8M $165.8M
YoY Change -18.25% -10.54% 37.56%
Total Long-Term Liabilities $135.6M $130.8M $165.8M
YoY Change -18.25% -10.54% 37.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $341.9M $474.7M $447.7M
Total Long-Term Liabilities $135.6M $130.8M $165.8M
Total Liabilities $3.587B $3.378B $3.231B
YoY Change 11.01% 4.99% 13.58%
SHAREHOLDERS EQUITY
Retained Earnings $562.9M $530.9M $513.0M
YoY Change 9.73% 8.0% 5.05%
Common Stock $1.073B $1.004B $1.003B
YoY Change 7.06% 0.44% -0.5%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.629B $1.529B $1.508B
YoY Change
Total Liabilities & Shareholders Equity $5.215B $4.907B $4.739B
YoY Change 10.04% 4.38% 9.29%

Cashflow Statement

Concept 2016 Q3 2015 Q4 2015 Q3
OPERATING ACTIVITIES
Net Income $12.23M $38.52M $13.01M
YoY Change -5.97% 19.56% 24.5%
Depreciation, Depletion And Amortization $41.30M $38.30M $37.40M
YoY Change 10.43% 8.19% 8.72%
Cash From Operating Activities $98.10M $64.40M $79.10M
YoY Change 24.02% 3925.0% 89.69%
INVESTING ACTIVITIES
Capital Expenditures -$105.3M -$120.6M -$95.40M
YoY Change 10.38% 25.89% 2.03%
Acquisitions
YoY Change
Other Investing Activities -$3.000M $3.900M -$100.0K
YoY Change 2900.0% -454.55% -100.52%
Cash From Investing Activities -$108.4M -$116.7M -$95.50M
YoY Change 13.51% 20.43% 29.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.700M 53.50M 9.400M
YoY Change -60.64% -50.05% -105.69%
NET CHANGE
Cash From Operating Activities 98.10M 64.40M 79.10M
Cash From Investing Activities -108.4M -116.7M -95.50M
Cash From Financing Activities 3.700M 53.50M 9.400M
Net Change In Cash -6.600M 1.200M -7.000M
YoY Change -5.71% -89.83% -96.46%
FREE CASH FLOW
Cash From Operating Activities $98.10M $64.40M $79.10M
Capital Expenditures -$105.3M -$120.6M -$95.40M
Free Cash Flow $203.4M $185.0M $174.5M
YoY Change 16.56% 89.94% 29.07%

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IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
84294000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
12261000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
97213000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.21
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.35
CY2016Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.19
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.53
CY2015Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.21
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.34
CY2016Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.19
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.53
CY2015Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
289000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
485000 USD
CY2016Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2015Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
289000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
485000 USD
CY2016Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2015Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.01
CY2016Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2015Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.01
CY2016Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6115000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
47378000 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7606000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
54661000 USD
CY2015Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
24121000 USD
CY2016Q3 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
49342000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
-49524000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
-53726000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-32378000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-17206000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
158000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
713000 USD
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
9917000 USD
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
19754000 USD
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-43266000 USD
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
25222000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-6621000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3932000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-3408000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
8486000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
5240000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
17438000 USD
us-gaap Increase Decrease In Regulatory Assets And Liabilities
IncreaseDecreaseInRegulatoryAssetsAndLiabilities
5146000 USD
us-gaap Increase Decrease In Regulatory Assets And Liabilities
IncreaseDecreaseInRegulatoryAssetsAndLiabilities
24693000 USD
CY2015Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
389000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
392000 shares
CY2016Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
468000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
405000 shares
CY2015Q3 us-gaap Interest Expense
InterestExpense
19951000 USD
us-gaap Interest Expense
InterestExpense
59719000 USD
CY2016Q3 us-gaap Interest Expense
InterestExpense
21632000 USD
us-gaap Interest Expense
InterestExpense
64223000 USD
CY2015Q3 us-gaap Interest Expense Other
InterestExpenseOther
120000 USD
us-gaap Interest Expense Other
InterestExpenseOther
347000 USD
CY2016Q3 us-gaap Interest Expense Other
InterestExpenseOther
164000 USD
us-gaap Interest Expense Other
InterestExpenseOther
456000 USD
CY2015Q4 us-gaap Inventory Net
InventoryNet
54148000 USD
CY2016Q3 us-gaap Inventory Net
InventoryNet
58080000 USD
CY2015Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
37101000 USD
CY2016Q3 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
39487000 USD
CY2015Q4 us-gaap Investments And Other Noncurrent Assets
InvestmentsAndOtherNoncurrentAssets
50750000 USD
CY2016Q3 us-gaap Investments And Other Noncurrent Assets
InvestmentsAndOtherNoncurrentAssets
55799000 USD
CY2015Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
11547000 USD
CY2016Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
11547000 USD
CY2016Q3 us-gaap Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust
JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrust
51500000 USD
CY1997Q4 us-gaap Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust
JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrust
51500000 USD
CY2015Q4 us-gaap Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust Noncurrent
JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrustNoncurrent
51547000 USD
CY2016Q3 us-gaap Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust Noncurrent
JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrustNoncurrent
51547000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
3378362000 USD
CY2016Q3 us-gaap Liabilities
Liabilities
3586582000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4906649000 USD
CY2016Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
5215106000 USD
CY2015Q4 us-gaap Liabilities Current
LiabilitiesCurrent
474680000 USD
CY2016Q3 us-gaap Liabilities Current
LiabilitiesCurrent
341882000 USD
CY2015Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
105000000 USD
CY2016Q3 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
84000000 USD
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1480111000 USD
CY2016Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1678257000 USD
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
93167000 USD
CY2016Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
3257000 USD
CY2016Q3 us-gaap Minority Interest
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263000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-52971000 USD
CY2015Q4 us-gaap Long Term Pollution Control Bond
LongTermPollutionControlBond
-83700000 USD
CY2016Q3 us-gaap Long Term Pollution Control Bond
LongTermPollutionControlBond
-83700000 USD
CY2015Q4 us-gaap Minority Interest
MinorityInterest
339000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
57435000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-271102000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-314953000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
311244000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
254118000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
13011000 USD
us-gaap Net Income Loss
NetIncomeLoss
84706000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
12234000 USD
us-gaap Net Income Loss
NetIncomeLoss
97137000 USD
CY2015Q4 us-gaap Number Of Foreign Currency Derivatives Held
NumberOfForeignCurrencyDerivativesHeld
24 derivative_contracts
CY2016Q3 us-gaap Number Of Foreign Currency Derivatives Held
NumberOfForeignCurrencyDerivativesHeld
22 derivative_contracts
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 Reportable_Segments
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
35912000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
182847000 USD
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
39594000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
207270000 USD
us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
10004000 USD
us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
11422000 USD
CY2015Q4 us-gaap Other Assets Current
OtherAssetsCurrent
30620000 USD
CY2016Q3 us-gaap Other Assets Current
OtherAssetsCurrent
35879000 USD
CY2015Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
5928000 USD
CY2016Q3 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
7731000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
143646000 USD
CY2016Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
135954000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
246000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
737000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
140000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-949000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-246000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-737000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-140000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
949000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
132000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
396000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
75000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-512000 USD
CY2015Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
6462000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
22924000 USD
CY2016Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
6756000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
18862000 USD
CY2015Q4 us-gaap Other Inventory
OtherInventory
4273000 USD
CY2016Q3 us-gaap Other Inventory
OtherInventory
4754000 USD
CY2015Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
147896000 USD
CY2016Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
164119000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
130821000 USD
CY2016Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
135578000 USD
CY2015Q4 us-gaap Other Long Term Investments
OtherLongTermInvestments
8983000 USD
CY2016Q3 us-gaap Other Long Term Investments
OtherLongTermInvestments
7146000 USD
CY2015Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2123000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
6190000 USD
CY2016Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1562000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
7025000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
4429000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-15163000 USD
CY2015Q3 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
6244000 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
22829000 USD
CY2016Q3 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
6360000 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
17690000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-2646000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
26611000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2920000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2000 us-gaap Payments For Repurchase Of Trust Preferred Securities
PaymentsForRepurchaseOfTrustPreferredSecurities
10000000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
61828000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
65172000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
95000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
852000 USD
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
270000 USD
CY2015Q3 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
95397000 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
273653000 USD
CY2016Q3 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
105362000 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
288342000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
272801000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
288072000 USD
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
28179000 USD
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
29076000 USD
CY2015Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
201453000 USD
CY2016Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
202329000 USD
us-gaap Pension Contributions
PensionContributions
12000000 USD
CY2015 us-gaap Pension Contributions
PensionContributions
12000000 USD
us-gaap Pension Contributions
PensionContributions
12000000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1397000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
66756000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
70000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-11015000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-3774000 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
25000000 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
82000000 USD
CY2015Q3 us-gaap Profit Loss
ProfitLoss
13043000 USD
us-gaap Profit Loss
ProfitLoss
84779000 USD
CY2016Q3 us-gaap Profit Loss
ProfitLoss
12261000 USD
us-gaap Profit Loss
ProfitLoss
97213000 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5331875000 USD
CY2016Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5552541000 USD
us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
300000 shares
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1200000 USD
us-gaap Revenues
Revenues
1097471000 USD
CY2016Q3 us-gaap Revenues
Revenues
303349000 USD
us-gaap Revenues
Revenues
1040360000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
5263000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
6261000 USD
CY2015Q3 us-gaap Public Utilities Allowance For Funds Used During Construction Additions
PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions
905000 USD
us-gaap Public Utilities Allowance For Funds Used During Construction Additions
PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions
2701000 USD
CY2016Q3 us-gaap Public Utilities Allowance For Funds Used During Construction Additions
PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions
507000 USD
us-gaap Public Utilities Allowance For Funds Used During Construction Additions
PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions
2258000 USD
us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
5891000 USD
us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
6306000 USD
CY2015Q4 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
1433286000 USD
CY2016Q3 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
1496446000 USD
CY2015Q4 us-gaap Public Utilities Property Plant And Equipment Construction Work In Progress
PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgress
202683000 USD
CY2016Q3 us-gaap Public Utilities Property Plant And Equipment Construction Work In Progress
PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgress
165559000 USD
CY2015Q4 us-gaap Public Utilities Property Plant And Equipment Net
PublicUtilitiesPropertyPlantAndEquipmentNet
3898589000 USD
CY2016Q3 us-gaap Public Utilities Property Plant And Equipment Net
PublicUtilitiesPropertyPlantAndEquipmentNet
4056095000 USD
CY2015Q4 us-gaap Public Utilities Property Plant And Equipment Plant In Service
PublicUtilitiesPropertyPlantAndEquipmentPlantInService
5129192000 USD
CY2016Q3 us-gaap Public Utilities Property Plant And Equipment Plant In Service
PublicUtilitiesPropertyPlantAndEquipmentPlantInService
5386982000 USD
CY2015Q3 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
9448000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
28669000 USD
CY2016Q3 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
10047000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
29757000 USD
CY2015Q4 us-gaap Regulated Entity Other Assets Noncurrent
RegulatedEntityOtherAssetsNoncurrent
558368000 USD
CY2016Q3 us-gaap Regulated Entity Other Assets Noncurrent
RegulatedEntityOtherAssetsNoncurrent
738682000 USD
CY2015Q4 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
99798000 USD
CY2016Q3 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
132131000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2174000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
92375000 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
1431000 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
0 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
530940000 USD
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
562905000 USD
CY2015Q3 us-gaap Revenues
Revenues
313649000 USD
CY2015Q3 us-gaap Stockholders Equity
StockholdersEquity
1508197000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
1528287000 USD
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
1628524000 USD
CY2015Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1508553000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1528626000 USD
CY2016Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1628787000 USD
CY2015Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
10852000 USD
CY2016Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
9879000 USD
CY2015Q3 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
36303000 USD
us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
106279000 USD
CY2016Q3 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
40240000 USD
us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
119110000 USD
CY2015Q3 us-gaap Utilities Operating Expense Maintenance Operations And Other Costs And Expenses
UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses
74315000 USD
us-gaap Utilities Operating Expense Maintenance Operations And Other Costs And Expenses
UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses
220599000 USD
CY2016Q3 us-gaap Utilities Operating Expense Maintenance Operations And Other Costs And Expenses
UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses
75160000 USD
us-gaap Utilities Operating Expense Maintenance Operations And Other Costs And Expenses
UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses
229605000 USD
CY2015Q3 us-gaap Utilities Operating Expense Products And Services
UtilitiesOperatingExpenseProductsAndServices
138210000 USD
us-gaap Utilities Operating Expense Products And Services
UtilitiesOperatingExpenseProductsAndServices
488886000 USD
CY2016Q3 us-gaap Utilities Operating Expense Products And Services
UtilitiesOperatingExpenseProductsAndServices
118737000 USD
us-gaap Utilities Operating Expense Products And Services
UtilitiesOperatingExpenseProductsAndServices
390271000 USD
CY2015Q3 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
22269000 USD
us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
75424000 USD
CY2016Q3 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
22669000 USD
us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
74669000 USD
CY2015Q3 us-gaap Utility Revenue
UtilityRevenue
307405000 USD
us-gaap Utility Revenue
UtilityRevenue
1074642000 USD
CY2016Q3 us-gaap Utility Revenue
UtilityRevenue
296989000 USD
us-gaap Utility Revenue
UtilityRevenue
1022670000 USD
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
62688000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
62691000 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
64325000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
63687000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
62299000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
62299000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
63857000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
63282000 shares
us-gaap Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Derivative Assets and Liabilities</font></div><div style="line-height:120%;padding-top:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Derivatives are recorded as either assets or liabilities on the Condensed Consolidated Balance Sheets measured at estimated fair value.</font></div><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Washington Utilities and Transportation Commission (UTC) and the Idaho Public Utilities Commission (IPUC) issued accounting orders authorizing Avista Corp. to offset energy commodity derivative assets or liabilities with a regulatory asset or liability. This accounting treatment is intended to defer the recognition of mark-to-market gains and losses on energy commodity transactions until the period of delivery. The orders provide for Avista Corp. to not recognize the unrealized gain or loss on utility derivative commodity instruments in the Condensed Consolidated Statements of Income. Realized gains or losses are recognized in the periods of delivery, subject to approval for recovery through retail rates. Realized gains and losses, result in adjustments to retail rates through purchased gas cost adjustments, the Energy Recovery Mechanism (ERM) in Washington, the Power Cost Adjustment (PCA) mechanism in Idaho, and periodic general rates cases. Regulatory assets are assessed regularly and are probable for recovery through future rates.</font></div><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Substantially all forward contracts to purchase or sell power and natural gas are recorded as derivative assets or liabilities at estimated fair value with an offsetting regulatory asset or liability. Contracts that are not considered derivatives are accounted for on the accrual basis until they are settled or realized unless there is a decline in the fair value of the contract that is determined to be other-than-temporary.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For interest rate swap derivatives, each period Avista Corp. records all mark-to-market gains and losses as assets and liabilities, and records offsetting regulatory assets and liabilities, such that there is no income statement impact. The interest rate swap derivatives are risk management tools similar to energy commodity derivatives. Upon settlement of interest rate swaps, the regulatory asset or liability is amortized as a component of interest expense over the term of the associated debt. The Company records an offset of interest rate swap assets and liabilities with regulatory assets and liabilities, based on the prior practice of the commissions to provide recovery through the ratemaking process.</font></div><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company has multiple master netting agreements with a variety of entities that allow for cross-commodity netting of derivative agreements with the same counterparty (i.e. power derivatives can be netted with natural gas derivatives) under Accounting Standards Codification (ASC) 815-10-45. In addition, some master netting agreements allow for the netting of commodity derivatives and interest rate swap derivatives for the same counterparty. The Company does not have any agreements which allow for cross-affiliate netting among multiple affiliated legal entities. The Company nets all derivative instruments when allowed by the agreement for presentation in the Condensed Consolidated Balance Sheets.</font></div><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;"></font></div></div>
us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Nature of Business</font></div><div style="line-height:120%;padding-top:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Avista Corp. is primarily an electric and natural gas utility with certain other business ventures. Avista Utilities is an operating division of Avista Corp., comprising the regulated utility operations in the Pacific Northwest. Avista Utilities provides electric distribution and transmission, and natural gas distribution services in parts of eastern Washington and northern Idaho. Avista Utilities also provides natural gas distribution service in parts of northeastern and southwestern Oregon. Avista Utilities has electric generating facilities in Washington, Idaho, Oregon and Montana. Avista Utilities also supplies electricity to a small number of customers in Montana, most of whom are employees who operate Avista Utilities' Noxon Rapids generating facility.</font></div><div style="line-height:120%;padding-top:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Alaska Energy and Resources Company (AERC) is a wholly-owned subsidiary of Avista Corp. The primary subsidiary of AERC is Alaska Electric Light and Power Company (AEL&amp;P), which comprises Avista Corp.'s regulated utility operations in Alaska. Avista Capital, Inc. (Avista Capital), a wholly owned non-regulated subsidiary of Avista Corp., is the parent company of all of the subsidiary companies in the non-utility businesses, with the exception of AJT Mining Properties, Inc. in Alaska.</font></div></div>

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