AGR · Avangrid, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.08B | $1.92B | $2.42B | - | $1.97B | $1.59B | $2.47B | - | $1.84B | $1.79B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | - | $298.00M | - | - | - | $280.00M | - | - | - |
| Operating Income | $254.00M | $201.00M | $407.00M | - | $89.00M | $126.00M | $265.00M | - | $112.00M | $221.00M |
| Interest Expense | $107.00M | $99.00M | $125.00M | - | $107.00M | $99.00M | $95.00M | - | $76.00M | $79.00M |
| Income Tax | $19.00M | $13.00M | $20.00M | - | ($8.00M) | $9.00M | ($18.00M) | - | ($50.00M) | ($4.00M) |
| Net Income | $205.00M | $169.00M | $351.00M | - | $59.00M | $85.00M | $245.00M | - | $105.00M | $184.00M |
| EPS - Basic | $0.53 | $0.44 | $0.91 | - | $0.15 | $0.22 | $0.63 | - | $0.27 | $0.48 |
| EPS - Diluted | $0.53 | $0.44 | $0.91 | - | $0.15 | $0.22 | $0.63 | - | $0.27 | $0.48 |
Balance Sheet
| Line item | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $148.00M | $136.00M | $152.00M | $91.00M | $75.00M | $58.00M | $72.00M | $69.00M | $60.00M | $411.00M |
| Accounts Receivable | - | - | - | - | - | - | $1.67B | $1.74B | $1.34B | $1.32B |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | $3.67B | $3.32B | $3.62B | $3.40B | $3.06B | $2.75B | $3.14B | $3.21B | $2.80B | $2.99B |
| Total Assets | $46.73B | $45.69B | $45.06B | $43.99B | $42.39B | $41.61B | $41.46B | $41.12B | $39.91B | $39.75B |
| Current Liabilities | $7.14B | $6.44B | $6.21B | $5.24B | $3.93B | $4.66B | $4.57B | $4.42B | $3.80B | $3.35B |
| Long-term Debt | - | - | - | $3.58B | - | - | - | $3.27B | $7.76B | $7.89B |
| Total Liabilities | $26.04B | $24.84B | $24.17B | $23.31B | $22.01B | $21.16B | $20.95B | $20.78B | $19.57B | $19.37B |
| Stockholders' Equity | $19.75B | $19.89B | $19.88B | $19.65B | $19.44B | $19.48B | $19.51B | $19.38B | $19.35B | $19.41B |
| Retained Earnings | $2.06B | $2.19B | $2.20B | $2.02B | $1.79B | $1.90B | $1.99B | $1.91B | $1.93B | $2.00B |
Cash Flow
| Line item | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | $153.00M | - | - | - | $204.00M | - | - | - |
| Investing Cash Flow | - | - | ($944.00M) | - | - | - | ($819.00M) | - | - | - |
| Financing Cash Flow | - | - | $852.00M | - | - | - | $618.00M | - | - | - |
| CapEx | - | - | $872.00M | - | - | $799.00M | $836.00M | - | - | - |
| Free Cash Flow | - | - | ($719.00M) | - | - | - | ($632.00M) | - | - | - |
Ratios
| Metric | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 12.2% | 10.5% | 16.8% | - | 4.5% | 7.9% | 10.7% | - | 6.1% | 12.3% |
| EBITDA margin | - | - | 29.2% | - | - | - | 22.1% | - | - | - |
| Net margin | 9.8% | 8.8% | 14.5% | - | 3.0% | 5.4% | 9.9% | - | 5.7% | 10.3% |
| Free cash flow margin | - | - | -29.7% | - | - | - | -25.6% | - | - | - |
| FCF / Net income | - | - | -2.05 | - | - | - | -2.58 | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 8.5% | 7.1% | 5.4% | - | -15.7% | 9.6% | -7.9% | - | -90.9% | -2.2% |
| Return on assets | 0.4% | 0.4% | 0.8% | - | 0.1% | 0.2% | 0.6% | - | 0.3% | 0.5% |
| Return on equity | 1.0% | 0.8% | 1.8% | - | 0.3% | 0.4% | 1.3% | - | 0.5% | 0.9% |
| Return on invested capital | - | - | - | - | - | - | - | - | 0.4% | 0.8% |
| Liquidity | ||||||||||
| Current ratio | 0.51 | 0.52 | 0.58 | 0.65 | 0.78 | 0.59 | 0.69 | 0.73 | 0.74 | 0.89 |
| Quick ratio | 0.51 | 0.52 | 0.58 | 0.65 | 0.78 | 0.59 | 0.69 | 0.73 | 0.74 | 0.89 |
| Cash ratio | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.02 | 0.02 | 0.02 | 0.12 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | 0.18 | - | - | - | 0.17 | 0.40 | 0.41 |
| Debt / Assets | - | - | - | 0.08 | - | - | - | 0.08 | 0.19 | 0.20 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 2.4x | 2.0x | 3.3x | - | 0.8x | 1.3x | 2.8x | - | 1.5x | 2.8x |
| Equity multiplier | 2.37 | 2.30 | 2.27 | 2.24 | 2.18 | 2.14 | 2.13 | 2.12 | 2.06 | 2.05 |
| Liabilities / Assets | 0.56 | 0.54 | 0.54 | 0.53 | 0.52 | 0.51 | 0.51 | 0.51 | 0.49 | 0.49 |
| Efficiency | ||||||||||
| Asset turnover | 0.04 | 0.04 | 0.05 | - | 0.05 | 0.04 | 0.06 | - | 0.05 | 0.05 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | 247d | - | 267d | 268d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 5.5% | 21.2% | -2.0% | - | 7.4% | -11.5% | 13.7% | - | 15.0% | 20.5% |
| Revenue CAGR (3y) | 9.2% | 8.9% | 7.1% | - | 10.3% | 4.5% | 11.3% | - | 7.3% | 8.6% |
| Revenue CAGR (5y) | 7.0% | 6.6% | 5.6% | - | 5.0% | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 185.4% | 59.5% | 53.6% | - | -20.5% | -43.0% | -12.3% | - | -18.8% | 68.7% |
| Net income growth (YoY) | 247.5% | 98.8% | 43.3% | - | -43.8% | -53.8% | -44.9% | - | -5.4% | 87.8% |
| EPS growth (YoY) | 253.3% | 100.0% | 44.4% | - | -44.4% | -54.2% | -45.2% | - | -6.9% | 71.4% |
| EPS CAGR (3y) | 22.3% | 16.3% | -5.5% | - | -18.8% | -7.7% | -6.9% | - | -17.5% | 10.1% |
| EPS CAGR (5y) | 2.0% | 4.1% | 5.4% | - | -17.8% | -8.3% | -4.4% | - | -3.3% | 4.2% |
| FCF growth (YoY) | - | - | -13.8% | - | - | - | -49.4% | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 1.6% | 2.1% | 1.9% | 1.4% | 0.5% | 0.3% | 1.7% | 1.6% | 1.3% | 0.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-12-31.
Business segments
$8.31B totalNetworks Segment$6.86B · 82.5%
Renewables Segment$1.46B · 17.5%
Product / service
$7.70B totalElectricity Us Regulated$4.96B · 64.5%
Natural Gas Us Regulated$1.62B · 21.0%
Wind Energy$817.00M · 10.6%
Thermal Energy$180.00M · 2.3%
Other Services$76.00M · 1.0%
Solar Energy$46.00M · 0.6%
Peer comparison
Same SIC group: Electric Services
Comparing Avangrid against the 5 most active filers in the same SIC group.