v3.26.1
Idaho Power Company Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Net income $ 68,058 $ 59,661
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 67,993 60,818
Deferred income taxes and investment tax credits (6,720) (22,980)
Changes in regulatory assets and liabilities (6,460) 69,310
Pension and postretirement benefit plan expense 11,287 11,287
Contributions to pension and postretirement benefit plans (1,225) (1,495)
Earnings of unconsolidated equity-method investments (746) (717)
Distributions from equity-method investments 900 3,200
Allowance for equity funds used during construction (19,604) (14,441)
Other non-cash adjustments to net income, net 2,135 3,779
Change in:    
Accounts receivable and unbilled receivables 22,302 5,870
Prepayments 5,033 4,067
Materials, supplies, and fuel stock (1,979) (1,314)
Accounts and wages payable (62,735) (65,893)
Taxes accrued/receivable 24,807 25,797
Other assets and liabilities (27,232) (12,662)
Net cash provided by operating activities 75,814 124,287
Investing Activities:    
Additions to utility plant, net (371,527) (201,324)
Proceeds from Sale of Other Productive Assets 47,364 17,399
Proceeds from Sale of Intangible Assets 32,138 5,987
Other (4,370) (5,107)
Net cash used in investing activities (296,395) (183,045)
Financing Activities:    
Issuance of long-term debt 350,000 400,000
Discount on issuance of long-term debt (854) (3,072)
Retirement of long-term debt 0 (19,885)
Payments on finance lease liabilities (1,415) 0
Dividends on common stock (49,201) (46,932)
Issuance of Common Stock 52,930 1,550
Tax withholdings on net settlements of share-based awards 6,098 3,295
Other (2,734) (3,978)
Net cash provided by financing activities 342,628 324,388
Net increase in cash and cash equivalents 122,047 265,630
Cash and cash equivalents at beginning of the period 215,718 368,865
Cash and cash equivalents at end of the period 337,765 634,495
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest (net of amount capitalized) 51,961 40,080
Non-cash investing and financing activities:    
Additions to utility plant in accounts payable 199,039 174,145
Idaho Power Company    
Net income 66,658 58,127
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 67,850 60,675
Deferred income taxes and investment tax credits (8,461) (25,191)
Changes in regulatory assets and liabilities (6,460) 69,310
Pension and postretirement benefit plan expense 11,287 11,287
Contributions to pension and postretirement benefit plans (1,225) (1,495)
Earnings of unconsolidated equity-method investments (831) (650)
Distributions from equity-method investments 900 3,200
Allowance for equity funds used during construction (19,604) (14,441)
Other non-cash adjustments to net income, net (1,744) (770)
Change in:    
Accounts receivable and unbilled receivables 22,103 6,596
Prepayments 5,055 4,090
Materials, supplies, and fuel stock (1,979) (1,314)
Accounts and wages payable (60,955) (64,883)
Taxes accrued/receivable 14,909 19,160
Other assets and liabilities (27,037) (12,489)
Net cash provided by operating activities 60,466 111,212
Investing Activities:    
Additions to utility plant, net (371,481) (201,239)
Proceeds from Sale of Other Productive Assets 47,364 17,399
Proceeds from Sale of Intangible Assets 32,138 5,987
Other 1,285 1,178
Net cash used in investing activities (290,694) (176,675)
Financing Activities:    
Issuance of long-term debt 350,000 400,000
Discount on issuance of long-term debt (854) (3,072)
Retirement of long-term debt 0 (19,885)
Payments on finance lease liabilities (1,415) 0
Dividends on common stock (49,223) (46,971)
Capital contribution from parent 90,000 0
Other (2,659) (3,925)
Net cash provided by financing activities 385,849 326,147
Net increase in cash and cash equivalents 155,621 260,684
Cash and cash equivalents at beginning of the period 119,111 188,916
Cash and cash equivalents at end of the period 274,732 449,600
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest (net of amount capitalized) 51,884 39,920
Non-cash investing and financing activities:    
Additions to utility plant in accounts payable $ 199,039 $ 174,145