IDACORP (IDA) financial statements
IDACORP reported revenue of $1.8B in fiscal 2025, up 4.1% a year over 9 years.
Net income was $323M and the operating margin 19.5%, against 22.5% in 2016.
Free cash flow was -$577M, and the company returned $188M in dividends and $3M in net buybacks.
The diluted share count rose 9% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from IDACORP's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.3B | $1.3B | $1.4B | $1.3B | $1.4B | $1.5B | $1.6B | $1.8B | $1.8B | $1.8B |
| Operating income | $284M | $316M | $297M | $298M | $310M | $330M | $327M | $313M | $328M | $354M |
| Interest expense | $82M | $84M | $86M | $86M | $84M | $84M | $87M | $116M | $139M | $175M |
| Pre-tax income | $235M | $262M | $245M | $258M | $267M | $283M | $297M | $289M | $305M | $310M |
| Income tax | $36M | $49M | $17M | $25M | $29M | $37M | $38M | $27M | $15M | -$14M |
| Net income | $198M | $212M | $227M | $233M | $237M | $246M | $259M | $261M | $289M | $323M |
| EPS (diluted) | $3.94 | $4.21 | $4.49 | $4.61 | $4.69 | $4.85 | $5.11 | $5.14 | $5.50 | $5.90 |
| Diluted shares | 50M | 50M | 51M | 51M | 51M | 51M | 51M | 51M | 53M | 55M |
| Operating margin | 22.5% | 23.4% | 21.7% | 22.2% | 22.9% | 22.6% | 19.9% | 17.7% | 17.9% | 19.5% |
| Net margin | 15.7% | 15.7% | 16.5% | 17.3% | 17.6% | 16.8% | 15.8% | 14.8% | 15.8% | 17.8% |
Balance sheet
Fiscal years, from IDACORP's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $61M | $77M | $267M | $217M | $300M | $215M | $178M | $327M | $369M | $216M |
| Receivables | $72M | $75M | $77M | $73M | $73M | $79M | $114M | $107M | $115M | $98M |
| Total current assets | $440M | $444M | $598M | $565M | $642M | $596M | $694M | $1.0B | $988M | $833M |
| Property, plant and equipment | $4.2B | $4.3B | $4.4B | $4.5B | $4.7B | $4.9B | $5.2B | $5.7B | $6.5B | $7.6B |
| Total assets | $6.3B | $6.0B | $6.4B | $6.6B | $7.1B | $7.2B | $7.5B | $8.5B | $9.2B | $10.2B |
| Total current liabilities | $250M | $201M | $259M | $375M | $288M | $326M | $549M | $634M | $701M | $898M |
| Long-term debt | $1.7B | $1.7B | $1.8B | $1.7B | $2.0B | $2.0B | $2.2B | $2.8B | $3.1B | $3.3B |
| Total liabilities | $4.1B | $3.8B | $4.0B | $4.2B | $4.5B | $4.5B | $4.7B | $5.6B | $5.9B | $6.6B |
| Shareholders' equity | $2.2B | $2.3B | $2.4B | $2.5B | $2.6B | $2.7B | $2.8B | $2.9B | $3.3B | $3.6B |
| Net debt | $1.7B | $1.7B | $1.6B | $1.6B | $1.7B | $1.8B | $2.0B | $2.5B | $2.7B | $3.2B |
Cash flow
Fiscal years, from IDACORP's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $344M | $435M | $492M | $367M | $388M | $363M | $351M | $267M | $594M | $602M |
| Capital spending | $297M | $285M | $278M | $279M | $311M | $300M | $433M | $611M | $1.0B | $1.2B |
| Free cash flow | $47M | $150M | $214M | $88M | $77M | $63M | -$81M | -$344M | -$415M | -$577M |
| Stock-based compensation | $6M | $7M | $9M | $9M | $7M | — | — | — | — | — |
| Dividends paid | $105M | $113M | $121M | $130M | $138M | $146M | $154M | $164M | $177M | $188M |
| Share buybacks (net) | -$3M | -$3M | -$4M | -$4M | -$5M | -$3M | -$3M | -$3M | -$4M | -$3M |
| Net borrowing | $21M | -$23M | $90M | $0 | $135M | $0 | $194M | $647M | $250M | $380M |
| Free cash flow margin | 3.7% | 11.1% | 15.6% | 6.5% | 5.7% | 4.3% | -4.9% | -19.5% | -22.7% | -31.9% |
| Dividends per share | $2.08 | $2.24 | $2.40 | $2.57 | $2.73 | $2.89 | $3.04 | $3.22 | $3.36 | $3.44 |
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Open IDA in InvestinglyQuestions
What was IDACORP's revenue in 2025?
$1.8B in fiscal 2025, from its 10-K filing.
How much free cash flow does IDACORP generate?
-$577M in fiscal 2025 (operating cash flow minus capital spending).
From IDACORP's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.