Company profile

Ticker
IDAHOPWR
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
IRS number
820130980

Calendar

20 Feb 20
7 Apr 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 307.78M 335.4M 292.44M 398.8M
Net income 53.16M 42.69M 26.14M 102.23M
Diluted EPS 1.05 0.84 0.52 2.02
Net profit margin 17.27% 12.73% 8.94% 25.63%
Operating income 71.78M 58.12M 48.27M 115.23M
Net change in cash 8.32M -36.15M 6.24M 78.11M
Cash on hand 239.66M 231.34M 267.49M 261.25M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 1.31B 1.35B 1.26B 1.27B
Net income 226.8M 212.42M 198.29M 194.68M
Diluted EPS 4.49 4.21 3.94 3.87
Net profit margin 17.29% 15.74% 15.71% 15.33%
Operating income 296.92M 315.55M 283.58M 282.1M
Net change in cash 190.84M 15.17M -53.32M 57.99M
Cash on hand 267.49M 76.65M 61.48M 114.8M

Financial data from Idaho Power earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining

Financial report summary

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Management Discussion
  • IDACORP's net income increased $6.1 million for 2019 compared with 2018, primarily due to higher net income at Idaho Power and IFS.
  • Idaho Power's customer growth of 2.5 percent added $18.8 million to Idaho Power's operating income compared with 2018. Lower sales volumes on a per-customer basis decreased operating income by $21.4 million in 2019 compared with 2018, primarily due to lower irrigation sales. Greater precipitation and more moderate spring and summer temperatures in Idaho Power's service area led agricultural irrigation customers to use 12 percent less energy per customer to operate irrigation pumps during 2019 compared with 2018. To a lesser extent, sales volumes on a per-customer basis in 2019 were negatively affected by lower per-customer commercial and industrial sales.
  • The net decrease in retail revenues per MWh reduced operating income by $2.8 million in 2019 compared with 2018. As provided by the settlement stipulation approved by the IPUC in 2018 related to income tax reform, retail revenues per MWh in 2019 were reduced by $7.4 million of non-cash accruals for future amortization related to regulatory deferrals that would otherwise be a future liability of Idaho customers, compared with a $1.5 million revenue reduction in 2018. In 2018, a corresponding $4.0 million of non-cash accruals were recorded as other O&M expense for the amortization of specified deferrals. The decrease in retail revenues per MWh from these non-cash accruals was partially offset by changes in the customer sales mix, as volumes sold to residential customers in 2019 made up a greater portion of the customer sales mix compared with 2018. Residential customers generally pay a higher per-MWh rate than other customers.
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