2021 Q4 Form 10-K Financial Statement

#000105787722000014 Filed on February 17, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $335.0M $1.458B $315.7M
YoY Change 6.12% 7.95% 7.82%
Cost Of Revenue $91.80M $394.6M $70.30M
YoY Change 30.58% 32.67% -0.71%
Gross Profit $243.2M $1.064B $245.4M
YoY Change -0.89% 0.97% 10.54%
Gross Profit Margin 72.6% 72.94% 77.73%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $45.46M $179.4M $43.90M
YoY Change 3.55% 1.99% -1.13%
% of Gross Profit 18.69% 16.87% 17.89%
Operating Expenses $191.3M $1.128B $191.7M
YoY Change -0.23% 8.38% 12.76%
Operating Profit $51.95M $329.7M $53.70M
YoY Change -3.27% 6.5% 3.27%
Interest Expense -$22.05M $86.70M -$22.20M
YoY Change -0.68% -0.83% 20.0%
% of Operating Profit -42.45% 26.3% -41.34%
Other Income/Expense, Net $6.327M -$46.87M $11.60M
YoY Change -45.46% 9.37% 0.87%
Pretax Income $36.22M $282.8M $43.10M
YoY Change -15.95% 6.04% -4.43%
Income Tax $3.380M $36.91M $5.500M
% Of Pretax Income 9.33% 13.05% 12.76%
Net Earnings $32.80M $245.6M $37.50M
YoY Change -12.54% 3.43% -20.38%
Net Earnings / Revenue 9.79% 16.84% 11.88%
Basic Earnings Per Share $4.85
Diluted Earnings Per Share $646.7K $4.85 $741.1K
COMMON SHARES
Basic Shares Outstanding 50.52M shares 50.60M shares 50.46M shares
Diluted Shares Outstanding 50.65M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $215.2M $215.2M $300.1M
YoY Change -28.28% -28.28% 38.1%
Cash & Equivalents $215.2M $215.2M $275.1M
Short-Term Investments $0.00 $0.00 $25.00M
Other Short-Term Assets $5.708M $176.5M $1.995M
YoY Change 186.12% 11.61% 392.59%
Inventory $95.60M $95.60M $96.60M
Prepaid Expenses $24.68M $20.18M
Receivables $78.82M $78.82M $72.83M
Other Receivables $29.76M $29.76M $14.90M
Total Short-Term Assets $595.9M $595.9M $642.4M
YoY Change -7.24% -7.24% 13.67%
LONG-TERM ASSETS
Property, Plant & Equipment $4.902B $4.902B $4.710B
YoY Change 4.08% 4.08% 3.93%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $10.39M $123.8M $10.66M
YoY Change -2.59% -2.42% -3.96%
Other Assets $59.22M $1.589B $58.52M
YoY Change 1.21% -1.7% -4.12%
Total Long-Term Assets $6.615B $6.615B $6.453B
YoY Change 2.51% 2.51% 6.2%
TOTAL ASSETS
Total Short-Term Assets $595.9M $595.9M $642.4M
Total Long-Term Assets $6.615B $6.615B $6.453B
Total Assets $7.211B $7.211B $7.095B
YoY Change 1.62% 1.63% 6.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $146.0M $146.0M $120.6M
YoY Change 21.07% 21.04% 8.88%
Accrued Expenses $79.63M $79.63M $76.30M
YoY Change 4.36% 4.36% 3.81%
Deferred Revenue $43.47M $29.34M
YoY Change 48.16% 3.12%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0%
Total Short-Term Liabilities $325.6M $325.6M $287.6M
YoY Change 13.23% 13.22% -23.29%
LONG-TERM LIABILITIES
Long-Term Debt $2.001B $2.001B $2.000B
YoY Change 0.01% 0.01% 15.19%
Other Long-Term Liabilities $63.49M $1.367B $48.75M
YoY Change 30.22% -5.13% 8.02%
Total Long-Term Liabilities $2.209B $3.367B $2.241B
YoY Change -1.42% -2.14% 8.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $325.6M $325.6M $287.6M
Total Long-Term Liabilities $2.209B $3.367B $2.241B
Total Liabilities $2.535B $4.542B $2.528B
YoY Change 0.25% 0.15% 3.88%
SHAREHOLDERS EQUITY
Retained Earnings $1.834B $1.734B
YoY Change 5.74% 6.09%
Common Stock $874.9M $869.2M
YoY Change 0.65% 0.11%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00
YoY Change -100.0%
Treasury Stock Shares 0.000 shares
Shareholders Equity $2.668B $2.668B $2.560B
YoY Change
Total Liabilities & Shareholders Equity $7.211B $7.211B $7.095B
YoY Change 1.62% 1.63% 6.84%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $32.80M $245.6M $37.50M
YoY Change -12.54% 3.43% -20.38%
Depreciation, Depletion And Amortization $45.46M $179.4M $43.90M
YoY Change 3.55% 1.99% -1.13%
Cash From Operating Activities $59.86M $363.3M $104.1M
YoY Change -42.5% -6.41% 30.78%
INVESTING ACTIVITIES
Capital Expenditures -$103.1M $300.0M -$97.50M
YoY Change 5.7% -3.52% 22.18%
Acquisitions
YoY Change
Other Investing Activities -$2.976M -$2.037M -$7.600M
YoY Change -60.84% -67.85% -6.17%
Cash From Investing Activities -$106.0M -$273.7M -$105.2M
YoY Change 0.79% -21.2% 19.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $3.031M
YoY Change -34.69%
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities -38.25M -$149.5M -35.80M
YoY Change 6.85% -979.89% 2.29%
NET CHANGE
Cash From Operating Activities 59.86M $363.3M 104.1M
Cash From Investing Activities -106.0M -$273.7M -105.2M
Cash From Financing Activities -38.25M -$149.5M -35.80M
Net Change In Cash -84.43M -$59.87M -36.90M
YoY Change 128.8% -203.48% -14.78%
FREE CASH FLOW
Cash From Operating Activities $59.86M $363.3M $104.1M
Capital Expenditures -$103.1M $300.0M -$97.50M
Free Cash Flow $162.9M $63.27M $201.6M
YoY Change -19.19% -18.04% 26.47%

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CY2020Q4 us-gaap Commitments And Contingencies
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CommonStockSharesAuthorized
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StockholdersEquity
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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CY2021 us-gaap Profit Loss
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ProfitLoss
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DepreciationDepletionAndAmortization
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DepreciationDepletionAndAmortization
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DepreciationDepletionAndAmortization
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DeferredIncomeTaxesAndTaxCredits
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IncreaseDecreaseInRegulatoryAssetsAndLiabilities
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PensionAndOtherPostretirementBenefitExpense
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PensionAndOtherPostretirementBenefitExpense
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PensionAndOtherPostretirementBenefitExpense
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PensionAndOtherPostretirementBenefitContributions
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PensionAndOtherPostretirementBenefitContributions
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PensionAndOtherPostretirementBenefitContributions
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EquityMethodInvestmentDividendsOrDistributions
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EquityMethodInvestmentDividendsOrDistributions
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CY2021 us-gaap Public Utilities Allowance For Funds Used During Construction Additions
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CY2020 us-gaap Public Utilities Allowance For Funds Used During Construction Additions
PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions
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CY2019 us-gaap Public Utilities Allowance For Funds Used During Construction Additions
PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions
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CY2019 us-gaap Increase Decrease In Accounts Receivable
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CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2019 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2020 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2019 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2020 us-gaap Increase Decrease In Other Current Assets
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CY2019 us-gaap Increase Decrease In Other Current Assets
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CY2021 us-gaap Increase Decrease In Other Current Liabilities
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CY2020 us-gaap Increase Decrease In Other Current Liabilities
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CY2021 us-gaap Increase Decrease In Other Noncurrent Assets
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CY2020 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
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CY2019 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
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CY2021 us-gaap Increase Decrease In Other Noncurrent Liabilities
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CY2019 us-gaap Increase Decrease In Other Noncurrent Liabilities
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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CY2020 us-gaap Net Cash Provided By Used In Operating Activities
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CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021 us-gaap Payments To Acquire Property Plant And Equipment
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CY2020 us-gaap Payments To Acquire Property Plant And Equipment
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CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2021 ida Paymentsreceivedfromtransmissionprojectjointfundingpartners
Paymentsreceivedfromtransmissionprojectjointfundingpartners
5876000 USD
CY2020 ida Paymentsreceivedfromtransmissionprojectjointfundingpartners
Paymentsreceivedfromtransmissionprojectjointfundingpartners
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CY2019 ida Paymentsreceivedfromtransmissionprojectjointfundingpartners
Paymentsreceivedfromtransmissionprojectjointfundingpartners
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CY2021 us-gaap Payments To Acquire Partners Interest In Real Estate Partnership Net Of Cash Acquired
PaymentsToAcquirePartnersInterestInRealEstatePartnershipNetOfCashAcquired
15148000 USD
CY2020 us-gaap Payments To Acquire Partners Interest In Real Estate Partnership Net Of Cash Acquired
PaymentsToAcquirePartnersInterestInRealEstatePartnershipNetOfCashAcquired
14338000 USD
CY2019 us-gaap Payments To Acquire Partners Interest In Real Estate Partnership Net Of Cash Acquired
PaymentsToAcquirePartnersInterestInRealEstatePartnershipNetOfCashAcquired
2687000 USD
CY2021 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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14439000 USD
CY2020 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
1073000 USD
CY2019 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 USD
CY2021 us-gaap Payments To Acquire Equity Securities Fv Ni
PaymentsToAcquireEquitySecuritiesFvNi
17186000 USD
CY2020 us-gaap Payments To Acquire Equity Securities Fv Ni
PaymentsToAcquireEquitySecuritiesFvNi
33382000 USD
CY2019 us-gaap Payments To Acquire Equity Securities Fv Ni
PaymentsToAcquireEquitySecuritiesFvNi
10896000 USD
CY2021 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
25000000 USD
CY2020 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
25000000 USD
CY2019 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
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CY2021 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
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CY2020 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
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0 USD
CY2019 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
0 USD
CY2021 us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
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CY2020 us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
25795000 USD
CY2019 us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
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CY2021 us-gaap Payments For Proceeds From Other Investing Activities
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CY2020 us-gaap Payments For Proceeds From Other Investing Activities
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CY2019 us-gaap Payments For Proceeds From Other Investing Activities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
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CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
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CY2019 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
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CY2021 ida Premium On Issuance Of Long Term Debt
PremiumOnIssuanceOfLongTermDebt
0 USD
CY2020 ida Premium On Issuance Of Long Term Debt
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CY2019 ida Premium On Issuance Of Long Term Debt
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CY2021 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
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CY2020 us-gaap Repayments Of Long Term Debt
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CY2019 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
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CY2021 us-gaap Payments Of Dividends Common Stock
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CY2020 us-gaap Payments Of Dividends Common Stock
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CY2019 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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CY2021 us-gaap Payments For Repurchase Of Common Stock
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CY2020 us-gaap Payments For Repurchase Of Common Stock
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CY2019 us-gaap Payments For Repurchase Of Common Stock
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CY2021 us-gaap Payments Of Debt Extinguishment Costs
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0 USD
CY2020 us-gaap Payments Of Debt Extinguishment Costs
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CY2019 us-gaap Payments Of Debt Extinguishment Costs
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CY2021 us-gaap Proceeds From Payments For Other Financing Activities
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CY2020 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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CY2019 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
16989000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
275116000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
217254000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
267492000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
215243000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
275116000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
217254000 USD
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
34330000 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
9975000 USD
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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CY2021 us-gaap Interest Paid Net
InterestPaidNet
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CY2020 us-gaap Interest Paid Net
InterestPaidNet
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CY2019 us-gaap Interest Paid Net
InterestPaidNet
85260000 USD
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
45004000 USD
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
38815000 USD
CY2021 us-gaap Common Stock Dividends Per Share Declared
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2.88
CY2020 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.72
CY2019 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.56
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
2668436000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
2559980000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
2464628000 USD
CY2021 us-gaap Nature Of Operations
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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nature of Business</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">IDACORP is a holding company formed in 1998 whose principal operating subsidiary is Idaho Power. Idaho Power is an electric utility engaged in the generation, transmission, distribution, sales, and purchase of electric energy and capacity with a service area covering approximately 24,000 square miles in southern Idaho and eastern Oregon. 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 (Jim Bridger plant) owned in part by Idaho Power.</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">IDACORP’s other notable wholly-owned subsidiaries include IDACORP Financial Services, Inc. (IFS), an investor in affordable housing and other real estate tax credit investments, and Ida-West Energy Company (Ida-West), an operator of small hydropower generation projects that satisfy the requirements of the Public Utility Regulatory Policies Act of 1978 (PURPA).</span></div>
CY2021 us-gaap Use Of Estimates
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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Management Estimates</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Management makes estimates and assumptions when preparing financial statements in conformity with GAAP. These estimates and assumptions include those related to rate regulation, retirement benefits, contingencies, 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. These estimates involve judgments with respect to, among other things, future economic factors that are difficult to predict and are beyond management’s control. Accordingly, actual results could differ from those estimates.</span></div>
CY2021 ida Maturity Period Of Short Term Investments
MaturityPeriodOfShortTermInvestments
P90D
CY2021Q4 ida Late Payment Fee Customer Billings
LatePaymentFeeCustomerBillings
0.01
CY2021 ida Period Of Time After Which Unpaid Accounts Are Deemed Late
PeriodOfTimeAfterWhichUnpaidAccountsAreDeemedLate
P30D
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4766000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1401000 USD
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2017000 USD
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
5222000 USD
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
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CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2020 ida Effective Income Tax Rate Reconciliation Affordable Housing Investment Distribution
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CY2020Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
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CY2021Q4 ida Deferred Tax Liabilities Prepaid Pension Cost
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CY2020Q4 ida Energy Efficiency Rider Collection Percentage
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CY2021Q4 ida American Falls Bond Guarantee
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CY2020Q4 us-gaap Long Term Debt
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CY2020Q4 us-gaap Secured Debt Current
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CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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CY2020Q4 us-gaap Common Stock Shares Issued
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CY2019Q4 us-gaap Common Stock Shares Issued
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CY2021Q4 us-gaap Common Stock Shares Issued
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CY2020Q4 us-gaap Common Stock Shares Issued
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CY2019Q4 us-gaap Common Stock Shares Issued
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CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
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CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
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CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
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CY2021 us-gaap Stock Issued During Period Shares New Issues
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CY2020 us-gaap Stock Issued During Period Shares New Issues
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CY2021 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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CY2021 us-gaap Net Income Loss
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CY2020 us-gaap Net Income Loss
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CY2019 us-gaap Net Income Loss
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CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
34000 shares
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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35000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50572000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2021 us-gaap Earnings Per Share Basic
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4.85
CY2020 us-gaap Earnings Per Share Basic
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4.70
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.61
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.85
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.69
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.61
CY2021 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
IDACORP and Idaho Power enter into financial agreements and power purchase and sale agreements that include indemnification provisions relating to various forms of claims or liabilities that may arise from the transactions contemplated by these agreements. Generally, a maximum obligation is not explicitly stated in the indemnification provisions and, therefore, the overall maximum amount of the obligation under such indemnification provisions cannot be reasonably estimated. IDACORP and Idaho Power periodically evaluate the likelihood of incurring costs under such indemnities based on their historical experience and the evaluation of the specific indemnities. As of December 31, 2021, management believes the likelihood is remote that IDACORP or Idaho Power would be required to perform under such indemnification provisions or otherwise incur any significant losses with respect to such indemnification obligations. Neither IDACORP nor Idaho Power has recorded any liability on their respective consolidated balance sheets with respect to these indemnification obligations.
CY2020 ida Fair Value All Levels Transfers Amount
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0 USD
CY2021 ida Fair Value All Levels Transfers Amount
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0 USD
CY2021 us-gaap Defined Benefit Plan Contributions By Employer
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8200000 USD
CY2020 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
7900000 USD
CY2019 us-gaap Defined Benefit Plan Contributions By Employer
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7700000 USD
CY2021Q4 us-gaap Public Utilities Property Plant And Equipment Generation Or Processing
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2597285000 USD
CY2020Q4 us-gaap Public Utilities Property Plant And Equipment Generation Or Processing
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2529708000 USD
CY2021Q4 us-gaap Public Utilities Property Plant And Equipment Other Property Plant And Equipment
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544069000 USD
CY2021Q4 us-gaap Public Utilities Property Plant And Equipment Transmission
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1309143000 USD
CY2020Q4 us-gaap Public Utilities Property Plant And Equipment Transmission
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1272360000 USD
CY2021Q4 us-gaap Public Utilities Property Plant And Equipment Distribution
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2058819000 USD
CY2020Q4 us-gaap Public Utilities Property Plant And Equipment Distribution
PublicUtilitiesPropertyPlantAndEquipmentDistribution
1968752000 USD
CY2020Q4 us-gaap Public Utilities Property Plant And Equipment Other Property Plant And Equipment
PublicUtilitiesPropertyPlantAndEquipmentOtherPropertyPlantAndEquipment
512970000 USD
CY2021Q4 us-gaap Public Utilities Property Plant And Equipment Plant In Service
PublicUtilitiesPropertyPlantAndEquipmentPlantInService
6509316000 USD
CY2021 us-gaap Public Utilities Property Plant And Equipment Disclosure Of Composite Depreciation Rate For Plants In Service
PublicUtilitiesPropertyPlantAndEquipmentDisclosureOfCompositeDepreciationRateForPlantsInService
0.0285
CY2020Q4 us-gaap Public Utilities Property Plant And Equipment Plant In Service
PublicUtilitiesPropertyPlantAndEquipmentPlantInService
6283790000 USD
CY2020 us-gaap Public Utilities Property Plant And Equipment Disclosure Of Composite Depreciation Rate For Plants In Service
PublicUtilitiesPropertyPlantAndEquipmentDisclosureOfCompositeDepreciationRateForPlantsInService
0.0288
CY2021Q4 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
2298951000 USD
CY2020Q4 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
2193831000 USD
CY2021Q4 us-gaap Public Utilities Property Plant And Equipment Net
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4210365000 USD
CY2020Q4 us-gaap Public Utilities Property Plant And Equipment Net
PublicUtilitiesPropertyPlantAndEquipmentNet
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CY2021 us-gaap Asset Retirement Obligation Revision Of Estimate
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9400000 USD
CY2020Q4 us-gaap Asset Retirement Obligation
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27691000 USD
CY2019Q4 us-gaap Asset Retirement Obligation
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28191000 USD
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1021000 USD
CY2020 us-gaap Asset Retirement Obligation Accretion Expense
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1053000 USD
CY2021 us-gaap Asset Retirement Obligation Revision Of Estimate
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9415000 USD
CY2020 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
193000 USD
CY2021 us-gaap Asset Retirement Obligation Liabilities Settled
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1429000 USD
CY2020 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
1746000 USD
CY2021Q4 us-gaap Asset Retirement Obligation
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36698000 USD
CY2020Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
27691000 USD
CY2021Q4 us-gaap Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures
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34967000 USD
CY2020Q4 us-gaap Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures
RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures
28438000 USD
CY2021Q4 us-gaap Equity Method Investments
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CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
10662000 USD
CY2021Q4 us-gaap Other Investments
OtherInvestments
1363000 USD
CY2020Q4 us-gaap Other Investments
OtherInvestments
0 USD
CY2021Q4 us-gaap Investments
Investments
123824000 USD
CY2020Q4 us-gaap Investments
Investments
126948000 USD
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
11513000 USD
CY2019 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
12370000 USD
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
11435000 USD
CY2021 us-gaap Derivatives Methods Of Accounting Nonhedging Derivatives
DerivativesMethodsOfAccountingNonhedgingDerivatives
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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’ 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’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.</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div>All of Idaho Power's derivative instruments have been entered into for the purpose of securing energy resources for future periods or 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).
CY2021 us-gaap Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
Settlement gains and losses on electricity swap contracts are recorded on the income statement in operating revenues 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 O&amp;M expense.
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
11504000 USD
CY2021Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
4906000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
6598000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
8670000 USD
CY2021Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
2923000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
5747000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
2263000 USD
CY2020Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
268000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
1995000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
893000 USD
CY2020Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
749000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
144000 USD
CY2021Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
3000000 USD
CY2021Q4 us-gaap Collateral Already Posted Aggregate Fair Value
CollateralAlreadyPostedAggregateFairValue
0 USD
CY2021Q4 us-gaap Additional Collateral Aggregate Fair Value
AdditionalCollateralAggregateFairValue
7600000 USD
CY2020 ida Fair Value All Levels Transfers Amount
FairValueAllLevelsTransfersAmount
0 USD
CY2021Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
80406000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
56048000 USD
CY2021Q4 us-gaap Derivative Assets
DerivativeAssets
6598000 USD
CY2020Q4 us-gaap Derivative Assets
DerivativeAssets
1995000 USD
CY2021Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
54431000 USD
CY2020Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
50733000 USD
CY2021Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
5747000 USD
CY2020Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
144000 USD
CY2021 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
1458084000 USD
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
329651000 USD
CY2021 ida Other Income Net
OtherIncomeNet
21105000 USD
CY2021 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
7292000 USD
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
11435000 USD
CY2021 us-gaap Interest Expense
InterestExpense
86698000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
282784000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
36912000 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
245550000 USD
CY2021Q4 us-gaap Assets
Assets
7210515000 USD
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2020 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
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CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
309521000 USD
CY2020 ida Other Income Net
OtherIncomeNet
22547000 USD
CY2020 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
10512000 USD
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
11513000 USD
CY2020 us-gaap Interest Expense
InterestExpense
87426000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
266668000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
28700000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
237417000 USD
CY2020Q4 us-gaap Assets
Assets
7095244000 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
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310938000 USD
CY2019 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
1346383000 USD
CY2019 us-gaap Operating Income Loss
OperatingIncomeLoss
298326000 USD
CY2019 ida Other Income Net
OtherIncomeNet
20363000 USD
CY2019 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
13251000 USD
CY2019 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
12370000 USD
CY2019 us-gaap Interest Expense
InterestExpense
86475000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
257835000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
24507000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
232854000 USD
CY2019Q4 us-gaap Assets
Assets
6641201000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
278705000 USD
CY2021 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
1408000 USD
CY2020 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
3813000 USD
CY2019 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
8181000 USD
CY2021 us-gaap Interest Income Other
InterestIncomeOther
5034000 USD
CY2020 us-gaap Interest Income Other
InterestIncomeOther
7063000 USD
CY2019 us-gaap Interest Income Other
InterestIncomeOther
5494000 USD
CY2021 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
15249000 USD
CY2020 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
11865000 USD
CY2019 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
10976000 USD
CY2021 us-gaap Insured Event Gain Loss
InsuredEventGainLoss
5203000 USD
CY2020 us-gaap Insured Event Gain Loss
InsuredEventGainLoss
4036000 USD
CY2019 us-gaap Insured Event Gain Loss
InsuredEventGainLoss
4104000 USD
CY2021 us-gaap Other Income
OtherIncome
463000 USD
CY2020 us-gaap Other Income
OtherIncome
462000 USD
CY2019 us-gaap Other Income
OtherIncome
-301000 USD
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-3141000 USD
CY2020 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3509000 USD
CY2019 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
6502000 USD
CY2019 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-1952000 USD
CY2021 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-3343000 USD
CY2020 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-2988000 USD
CY2021 dei Auditor Name
AuditorName
DELOITTE & TOUCHE LLP
CY2021 dei Auditor Location
AuditorLocation
Boise, Idaho

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