2017 Q2 Form 10-Q Financial Statement

#000105787717000124 Filed on August 03, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $333.0M $315.4M
YoY Change 5.57% -6.21%
Cost Of Revenue $61.50M $48.30M
YoY Change 27.33% -4.55%
Gross Profit $271.5M $267.1M
YoY Change 1.65% -6.51%
Gross Profit Margin 81.53% 84.68%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $46.20M $37.10M
YoY Change 24.53% 4.8%
% of Gross Profit 17.02% 13.89%
Operating Expenses $251.1M $238.5M
YoY Change 5.29% -4.74%
Operating Profit $81.91M $76.95M
YoY Change 6.44% -10.49%
Interest Expense $20.65M $20.64M
YoY Change 0.04% -0.11%
% of Operating Profit 25.21% 26.82%
Other Income/Expense, Net -$426.0K $2.189M
YoY Change -119.46% 17.0%
Pretax Income $67.04M $65.11M
YoY Change 2.96% -14.14%
Income Tax $16.94M $8.721M
% Of Pretax Income 25.27% 13.39%
Net Earnings $49.83M $56.25M
YoY Change -11.41% -14.88%
Net Earnings / Revenue 14.96% 17.83%
Basic Earnings Per Share $0.99 $1.12
Diluted Earnings Per Share $0.99 $1.12
COMMON SHARES
Basic Shares Outstanding 50.36M shares 50.30M shares
Diluted Shares Outstanding 50.41M shares 50.36M shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $32.60M $90.60M
YoY Change -64.02% -30.84%
Cash & Equivalents $32.63M $90.56M
Short-Term Investments
Other Short-Term Assets $301.0K $2.519M
YoY Change -88.05% 19.21%
Inventory $122.6M $126.2M
Prepaid Expenses $15.73M $14.94M
Receivables $85.77M $76.96M
Other Receivables $8.200M $18.80M
Total Short-Term Assets $420.1M $496.6M
YoY Change -15.41% -5.96%
LONG-TERM ASSETS
Property, Plant & Equipment $4.214B $4.045B
YoY Change 4.16% 2.82%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $118.9M $144.8M
YoY Change -17.89% -9.22%
Other Assets $52.18M $55.69M
YoY Change -6.31% -5.96%
Total Long-Term Assets $5.857B $5.585B
YoY Change 4.88% 4.01%
TOTAL ASSETS
Total Short-Term Assets $420.1M $496.6M
Total Long-Term Assets $5.857B $5.585B
Total Assets $6.277B $6.081B
YoY Change 3.22% 3.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $76.60M $77.62M
YoY Change -1.32% -12.82%
Accrued Expenses $55.40M $59.30M
YoY Change -6.58% 4.22%
Deferred Revenue
YoY Change
Short-Term Debt $550.0K $23.90M
YoY Change -97.7% -11.48%
Long-Term Debt Due $0.00 $1.064M
YoY Change -100.0% 0.0%
Total Short-Term Liabilities $190.7M $224.5M
YoY Change -15.09% -3.94%
LONG-TERM LIABILITIES
Long-Term Debt $1.745B $1.745B
YoY Change 0.01% 0.19%
Other Long-Term Liabilities $44.52M $45.27M
YoY Change -1.66% -5.03%
Total Long-Term Liabilities $2.154B $2.018B
YoY Change 6.76% 5.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $190.7M $224.5M
Total Long-Term Liabilities $2.154B $2.018B
Total Liabilities $2.345B $2.242B
YoY Change 4.58% 4.17%
SHAREHOLDERS EQUITY
Retained Earnings $1.351B $1.260B
YoY Change 7.15% 7.32%
Common Stock $853.6M $849.6M
YoY Change 0.47% 0.32%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.357M $189.0K
YoY Change 617.99% 410.81%
Treasury Stock Shares 26.43K shares 17.15K shares
Shareholders Equity $2.183B $2.090B
YoY Change
Total Liabilities & Shareholders Equity $6.277B $6.081B
YoY Change 3.22% 3.12%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $49.83M $56.25M
YoY Change -11.41% -14.88%
Depreciation, Depletion And Amortization $46.20M $37.10M
YoY Change 24.53% 4.8%
Cash From Operating Activities $75.30M $71.70M
YoY Change 5.02% 9.3%
INVESTING ACTIVITIES
Capital Expenditures -$72.40M -$62.50M
YoY Change 15.84% -16.22%
Acquisitions
YoY Change
Other Investing Activities $9.800M $1.300M
YoY Change 653.85% 160.0%
Cash From Investing Activities -$62.50M -$61.30M
YoY Change 1.96% -17.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -27.20M -139.6M
YoY Change -80.52% -21.48%
NET CHANGE
Cash From Operating Activities 75.30M 71.70M
Cash From Investing Activities -62.50M -61.30M
Cash From Financing Activities -27.20M -139.6M
Net Change In Cash -14.40M -129.2M
YoY Change -88.85% -30.61%
FREE CASH FLOW
Cash From Operating Activities $75.30M $71.70M
Capital Expenditures -$72.40M -$62.50M
Free Cash Flow $147.7M $134.2M
YoY Change 10.06% -4.28%

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IncreaseDecreaseInOtherOperatingAssets
2334000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3692000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1458000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-430000 USD
us-gaap Increase Decrease In Regulatory Assets And Liabilities
IncreaseDecreaseInRegulatoryAssetsAndLiabilities
-24126000 USD
us-gaap Increase Decrease In Regulatory Assets And Liabilities
IncreaseDecreaseInRegulatoryAssetsAndLiabilities
-37736000 USD
CY2016Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
53000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
45000 shares
CY2017Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
44000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
41000 shares
CY2016Q2 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
2393000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
4637000 USD
CY2017Q2 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
2408000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
4720000 USD
CY2016Q2 us-gaap Interest Expense
InterestExpense
20640000 USD
us-gaap Interest Expense
InterestExpense
41709000 USD
CY2017Q2 us-gaap Interest Expense
InterestExpense
20648000 USD
us-gaap Interest Expense
InterestExpense
41348000 USD
CY2016Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
20466000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
41364000 USD
CY2017Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
20300000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
40597000 USD
CY2016Q2 us-gaap Interest Expense Other
InterestExpenseOther
2567000 USD
us-gaap Interest Expense Other
InterestExpenseOther
4982000 USD
CY2017Q2 us-gaap Interest Expense Other
InterestExpenseOther
2756000 USD
us-gaap Interest Expense Other
InterestExpenseOther
5471000 USD
us-gaap Interest Paid Net
InterestPaidNet
39993000 USD
us-gaap Interest Paid Net
InterestPaidNet
39481000 USD
CY2016Q4 us-gaap Interest Payable Current
InterestPayableCurrent
22377000 USD
CY2017Q2 us-gaap Interest Payable Current
InterestPayableCurrent
22377000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6289897000 USD
CY2017Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6277399000 USD
CY2016Q4 us-gaap Liabilities Current
LiabilitiesCurrent
249715000 USD
CY2017Q2 us-gaap Liabilities Current
LiabilitiesCurrent
190670000 USD
CY2016Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
2137702000 USD
CY2017Q2 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
2154390000 USD
CY2016Q4 us-gaap Life Insurance Corporate Or Bank Owned Amount
LifeInsuranceCorporateOrBankOwnedAmount
57553000 USD
CY2017Q2 us-gaap Life Insurance Corporate Or Bank Owned Amount
LifeInsuranceCorporateOrBankOwnedAmount
58448000 USD
CY2016Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
1064000 USD
CY2017Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 USD
CY2016Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1744614000 USD
CY2017Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1745368000 USD
CY2016Q4 us-gaap Long Term Investments
LongTermInvestments
125164000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 USD
CY2017Q2 us-gaap Long Term Investments
LongTermInvestments
118877000 USD
CY2015Q4 us-gaap Minority Interest
MinorityInterest
4160000 USD
CY2016Q2 us-gaap Minority Interest
MinorityInterest
4101000 USD
CY2016Q4 us-gaap Minority Interest
MinorityInterest
3960000 USD
CY2017Q2 us-gaap Minority Interest
MinorityInterest
4128000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-47670000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-81255000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-114463000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-139240000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
137889000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
191644000 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
56246000 USD
us-gaap Net Income Loss
NetIncomeLoss
81975000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
49831000 USD
us-gaap Net Income Loss
NetIncomeLoss
82933000 USD
CY2016Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
140000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-59000 USD
CY2017Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
265000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
168000 USD
CY2016Q4 us-gaap Notes Payable Current
NotesPayableCurrent
21800000 USD
CY2017Q2 us-gaap Notes Payable Current
NotesPayableCurrent
550000 USD
CY2016Q2 us-gaap Operating Expenses
OperatingExpenses
238483000 USD
us-gaap Operating Expenses
OperatingExpenses
475621000 USD
CY2017Q2 us-gaap Operating Expenses
OperatingExpenses
253896000 USD
us-gaap Operating Expenses
OperatingExpenses
505625000 USD
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
76953000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
120771000 USD
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
79110000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
129925000 USD
CY2016Q4 us-gaap Other Assets Current
OtherAssetsCurrent
5961000 USD
CY2017Q2 us-gaap Other Assets Current
OtherAssetsCurrent
301000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
52571000 USD
CY2017Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
52176000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
42000 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
84000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
32000 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
64000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-563000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-1127000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-470000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-941000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
362000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
723000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
302000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
604000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
925000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
1850000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
772000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
1545000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-883000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-1766000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-740000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-1481000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
563000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
1127000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
470000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
941000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-362000 USD
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-723000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-302000 USD
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-604000 USD
CY2016Q2 us-gaap Other General Expense
OtherGeneralExpense
3481000 USD
us-gaap Other General Expense
OtherGeneralExpense
7178000 USD
CY2017Q2 us-gaap Other General Expense
OtherGeneralExpense
3149000 USD
us-gaap Other General Expense
OtherGeneralExpense
6493000 USD
CY2016Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
57858000 USD
CY2017Q2 us-gaap Other Inventory Supplies
OtherInventorySupplies
58899000 USD
CY2016Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
9763000 USD
CY2017Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
11815000 USD
CY2016Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
45084000 USD
CY2017Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
44520000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2096000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-3741000 USD
CY2016Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2189000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4394000 USD
CY2017Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2371000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4768000 USD
CY2016Q4 us-gaap Other Receivables
OtherReceivables
15280000 USD
CY2017Q2 us-gaap Other Receivables
OtherReceivables
4922000 USD
CY2016Q2 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
1025000 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
1415000 USD
CY2017Q2 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
1238000 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
1818000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
36000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-212000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3275000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3174000 USD
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
13895000 USD
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
51719000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
55763000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
1209000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
3165000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
4386000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
117160000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
146341000 USD
us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
13415000 USD
us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
3920000 USD
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
14784000 USD
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
14513000 USD
CY2016Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
411523000 USD
CY2017Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
424329000 USD
CY2016Q4 us-gaap Plant Held For Future Use Amount
PlantHeldForFutureUseAmount
7441000 USD
CY2017Q2 us-gaap Plant Held For Future Use Amount
PlantHeldForFutureUseAmount
7511000 USD
CY2016Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
18389000 USD
CY2017Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
15733000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
120000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1617000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-4000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
3900000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-21250000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Equity
ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
2181000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Equity
ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
2428000 USD
us-gaap Proceeds From Sale Of Intangible Assets
ProceedsFromSaleOfIntangibleAssets
846000 USD
us-gaap Proceeds From Sale Of Intangible Assets
ProceedsFromSaleOfIntangibleAssets
1839000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
5301000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
5787000 USD
CY2016Q2 us-gaap Profit Loss
ProfitLoss
56386000 USD
us-gaap Profit Loss
ProfitLoss
81916000 USD
CY2017Q2 us-gaap Profit Loss
ProfitLoss
50096000 USD
us-gaap Profit Loss
ProfitLoss
83101000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4171999000 USD
CY2017Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4213522000 USD
CY2016Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
15922000 USD
CY2017Q2 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
15710000 USD
us-gaap Public Utilities Allowance For Funds Used During Construction Additions
PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions
10223000 USD
us-gaap Public Utilities Allowance For Funds Used During Construction Additions
PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions
10843000 USD
CY2016Q2 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
5238000 USD
us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
10223000 USD
CY2017Q2 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
5611000 USD
us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
10843000 USD
CY2016Q4 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
1988477000 USD
CY2017Q2 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
2059377000 USD
CY2016Q4 us-gaap Public Utilities Property Plant And Equipment Construction Work In Progress
PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgress
405069000 USD
CY2017Q2 us-gaap Public Utilities Property Plant And Equipment Construction Work In Progress
PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgress
427290000 USD
CY2016Q4 us-gaap Public Utilities Property Plant And Equipment Net
PublicUtilitiesPropertyPlantAndEquipmentNet
3743567000 USD
CY2017Q2 us-gaap Public Utilities Property Plant And Equipment Net
PublicUtilitiesPropertyPlantAndEquipmentNet
3763011000 USD
CY2016Q4 us-gaap Public Utilities Property Plant And Equipment Plant In Service
PublicUtilitiesPropertyPlantAndEquipmentPlantInService
5732044000 USD
CY2017Q2 us-gaap Public Utilities Property Plant And Equipment Plant In Service
PublicUtilitiesPropertyPlantAndEquipmentPlantInService
5822388000 USD
us-gaap Regulated Operating Revenue Other
RegulatedOperatingRevenueOther
40926000 USD
CY2016Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-563000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-1127000 USD
CY2017Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-470000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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-941000 USD
CY2016Q2 us-gaap Regulated Operating Revenue Other
RegulatedOperatingRevenueOther
22892000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1323198000 USD
CY2017Q2 us-gaap Regulated Operating Revenue Other
RegulatedOperatingRevenueOther
28667000 USD
us-gaap Regulated Operating Revenue Other
RegulatedOperatingRevenueOther
49599000 USD
CY2016Q4 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
62570000 USD
CY2017Q2 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
68301000 USD
CY2016Q4 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
1409329000 USD
CY2017Q2 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
1380764000 USD
CY2016Q4 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
9944000 USD
CY2017Q2 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
2081000 USD
CY2016Q4 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
436845000 USD
CY2017Q2 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
434888000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
101064000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1064000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1230105000 USD
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1260369000 USD
CY2017Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1350537000 USD
CY2016Q2 us-gaap Sales Revenue Net
SalesRevenueNet
315436000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
596392000 USD
CY2017Q2 us-gaap Sales Revenue Net
SalesRevenueNet
333006000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
635550000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
72397 shares
us-gaap Share Based Goods And Nonemployee Services Transaction Quantity Of Securities Issued
ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfSecuritiesIssued
12050 shares
CY2016Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
21800000 USD
CY2017Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
550000 USD
CY2016Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.0113
CY2017Q2 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.0152
us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
3143000 USD
us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
2060000 USD
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
2089640000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
2153906000 USD
CY2017Q2 us-gaap Stockholders Equity
StockholdersEquity
2182843000 USD
CY2016Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2093741000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2157866000 USD
CY2017Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2186971000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
263000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
1771000 USD
CY2016Q2 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
8203000 USD
us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
16941000 USD
CY2017Q2 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
8843000 USD
us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
17521000 USD
CY2016Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
11348000 USD
CY2017Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
19973000 USD
CY2016Q4 us-gaap Trading Securities
TradingSecurities
111000 USD
CY2017Q2 us-gaap Trading Securities
TradingSecurities
104000 USD
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
23244 shares
CY2017Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
26433 shares
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
57000 USD
CY2016Q2 us-gaap Treasury Stock Value
TreasuryStockValue
189000 USD
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
243000 USD
CY2017Q2 us-gaap Treasury Stock Value
TreasuryStockValue
1357000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
3275000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
3174000 USD
CY2016Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
80738000 USD
CY2017Q2 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
86532000 USD
CY2016Q2 us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
235002000 USD
us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
468443000 USD
CY2017Q2 us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
250747000 USD
us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
499132000 USD
CY2016Q2 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
35794000 USD
us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
71411000 USD
CY2017Q2 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
45240000 USD
us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
82002000 USD
CY2016Q2 us-gaap Utilities Operating Expense Fuel Used
UtilitiesOperatingExpenseFuelUsed
29968000 USD
us-gaap Utilities Operating Expense Fuel Used
UtilitiesOperatingExpenseFuelUsed
65732000 USD
CY2017Q2 us-gaap Utilities Operating Expense Fuel Used
UtilitiesOperatingExpenseFuelUsed
20416000 USD
us-gaap Utilities Operating Expense Fuel Used
UtilitiesOperatingExpenseFuelUsed
56668000 USD
CY2016Q2 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
87120000 USD
us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
172723000 USD
CY2017Q2 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
87485000 USD
us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
175247000 USD
CY2016Q2 us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
48111000 USD
us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
96226000 USD
CY2017Q2 us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
61506000 USD
us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
110622000 USD
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50355000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50345000 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50407000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50402000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50302000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50300000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50363000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50361000 shares
us-gaap Comparability Of Prior Year Financial Data
ComparabilityOfPriorYearFinancialData
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In the opinion of management of IDACORP and Idaho Power, the accompanying unaudited condensed consolidated financial statements contain all adjustments necessary to present fairly each company's consolidated financial position as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, consolidated results of operations for the </font><font style="font-family:inherit;font-size:10pt;">three and six months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;">, and consolidated cash flows for the </font><font style="font-family:inherit;font-size:10pt;">six months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;">. These adjustments are of a normal and recurring nature.&#160;These financial statements do not contain the complete detail or footnote disclosure concerning accounting policies and other matters that would be included in full-year financial statements and should be read in conjunction with the audited consolidated financial statements included in IDACORP&#8217;s and Idaho Power&#8217;s Annual Report on Form 10-K for the year ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">. The results of operations for the interim period are not necessarily indicative of the results to be expected for the full year. A change in management's estimates or assumptions could have a material impact on IDACORP's or Idaho Power's respective financial condition and results of operations during the period in which such change occurred.</font></div></div>
us-gaap Derivatives Methods Of Accounting Nonhedging Derivatives
DerivativesMethodsOfAccountingNonhedgingDerivatives
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Idaho Power is exposed to market risk relating to electricity, natural gas, and other fuel commodity prices, all of which are heavily influenced by supply and demand. Market risk may be influenced by market participants&#8217; nonperformance of their contractual obligations and commitments, which affects the supply of or demand for the commodity. Idaho Power uses derivative instruments, such as physical and financial forward contracts, for both electricity and fuel to manage the risks relating to these commodity price exposures. The primary objectives of Idaho Power&#8217;s energy purchase and sale activity are to meet the demand of retail electric customers, maintain appropriate physical reserves to ensure reliability, and make economic use of temporary surpluses that may develop.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">All of Idaho Power's derivative instruments have been entered into for the purpose of economically hedging forecasted purchases and sales, though none of these instruments have been designated as cash flow hedges. Idaho Power offsets fair value amounts recognized on its balance sheet and applies collateral related to derivative instruments executed with the same counterparty under the same master netting agreement. Idaho Power does not offset a counterparty's current derivative contracts with the counterparty's long-term derivative contracts, although Idaho Power's master netting arrangements would allow current and long-term positions to be offset in the event of default. Also, in the event of default, Idaho Power's master netting arrangements would allow for the offsetting of all transactions executed under the master netting arrangement. These types of transactions may include non-derivative instruments, derivatives qualifying for scope exceptions, receivables and payables arising from settled positions, and other forms of non-cash collateral (such as letters of credit). These types of transactions are excluded from the offsetting presented in the derivative fair value and offsetting table that follows.</font></div></div>
us-gaap Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Settlement gains and losses on electricity swap contracts are recorded on the income statement in off-system sales or purchased power depending on the forecasted position being economically hedged by the derivative contract. Settlement gains and losses on contracts for natural gas are reflected in fuel expense. Settlement gains and losses on diesel derivatives are recorded in other operations and maintenance expense.</font></div></div>
us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONTINGENCIES</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">IDACORP and Idaho Power have in the past and expect in the future to become involved in various claims, controversies, disputes, and other contingent matters, some of which involve litigation and regulatory or other contested proceedings. The ultimate resolution and outcome of litigation and regulatory proceedings is inherently difficult to determine, particularly where (a) the remedies or penalties sought are indeterminate, (b) the proceedings are in the early stages or the substantive issues have not been well developed, or (c) the matters involve complex or novel legal theories or a large number of parties. In accordance with applicable accounting guidance, IDACORP and Idaho Power, as applicable, establish an accrual for legal proceedings when those matters proceed to a stage where they present loss contingencies that are both probable and reasonably estimable. If the loss contingency at issue is not both probable and reasonably estimable, IDACORP and Idaho Power do not establish an accrual and the matter will continue to be monitored for any developments that would make the loss contingency both probable and reasonably estimable. As of the date of this report, IDACORP's and Idaho Power's accruals for loss contingencies are not material to their financial statements as a whole; however, future accruals could be material in a given period. IDACORP's and Idaho Power's determination is based on currently available information, and estimates presented in financial statements and other financial disclosures involve significant judgment and may be subject to significant uncertainty. For matters that affect Idaho Power&#8217;s operations, Idaho Power intends to seek, to the extent permissible and appropriate, recovery through the ratemaking process of costs incurred.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">IDACORP and Idaho Power are parties to legal claims and legal and regulatory actions and proceedings in the ordinary course of business and, as noted above, record an accrual for associated loss contingencies when they are probable and reasonably estimable. As of the date of this report, the companies believe that resolution of those matters will not have a material adverse effect on their respective consolidated financial statements. Idaho Power is also actively monitoring various pending environmental regulations and the recently issued executive orders related to environmental matters that may have a significant impact on its future operations. Given uncertainties regarding the outcome, timing, and compliance plans for these environmental matters, Idaho Power is unable to estimate the financial impact of these regulations.</font></div></div>
us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">IDACORP is a holding company formed in 1998 whose principal operating subsidiary is Idaho Power.&#160;Idaho Power is an electric utility engaged in the generation, transmission, distribution, sale, and purchase of electric energy and capacity with a service area covering approximately 24,000 square miles in southern Idaho and eastern Oregon.&#160;Idaho Power is regulated primarily by the state utility regulatory commissions of Idaho and Oregon and the Federal Energy Regulatory Commission (FERC). Idaho Power is the parent of Idaho Energy Resources Co. (IERCo), a joint venturer in Bridger Coal Company (BCC), which mines and supplies coal to the Jim Bridger generating plant owned in part by Idaho Power.</font></div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">IDACORP&#8217;s other wholly-owned subsidiaries include IDACORP Financial Services, Inc. (IFS), an investor in affordable housing and other real estate investments; Ida-West Energy Company (Ida-West), an operator of small hydroelectric generation projects that satisfy the requirements of the Public Utility Regulatory Policies Act of 1978 (PURPA); and IDACORP Energy Services Co. (IESCo), which is the former limited partner of, and current successor by merger to, IDACORP Energy L.P., a marketer of energy commodities that wound down operations in 2003.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Management makes estimates and assumptions when preparing financial statements in conformity with generally accepted accounting principles.&#160;These estimates and assumptions include those related to rate regulation, retirement benefits, contingencies, litigation, asset impairment, income taxes, unbilled revenues, and bad debt. These estimates and assumptions affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.&#160;These estimates involve judgments with respect to, among other things, future economic factors that are difficult to predict and are beyond management's control.&#160;Accordingly, actual results could differ from those estimates.</font></div></div>

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