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Background IDACORP is a holding company incorporated in 1998 under the laws of the state of Idaho. IDACORP is subject to the provisions of the Public Utility Holding Company Act of 2005, which provides the FERC and state utility regulatory commissions with access to books and records and imposes record retention and reporting requirements on IDACORP.
19.52% operating margin is respectable but not wide. ROIC at 4.10%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 0.7% YoY. The question is whether this is cyclical or a structural shift.
Negative free cash flow of -$577M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$1.81B
▼ -0.7% YoY
Net Income (TTM)
$323M
▲ +11.9% YoY
Op. Margin
19.52%
▲ +1.6pp YoY
ROIC
4.10%
▼ -1.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$577M
▼ -39.2% YoY
Op. Cash Flow (TTM)
$602M
▲ +1.2% YoY
Net Debt
$3.45B
Cash & Equiv.
$216M
5Y CAGR: +6.1%
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