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Avangrid Inc

Utilities US AGR

36.55USD
-0.47(1.27%)

Last update at 2024-04-25T20:10:00Z

Day Range

36.4037.08
LowHigh

52 Week Range

27.0742.60
LowHigh

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 841.00M 664.00M 568.00M 819.00M 768.00M
Minority interest 60.00M -64.00000M -42.00000M 349.00M 299.00M
Net income 881.00M 707.00M 581.00M 700.00M 595.00M
Selling general administrative 15.00M 18.00M 14.00M 3.00M 2.00M
Selling and marketing expenses - - - - -
Gross profit 2595.00M 2549.00M 2475.00M 2528.00M 2577.00M
Reconciled depreciation 1085.00M 1014.00M 974.00M 998.00M 919.00M
Ebit 1144.00M 895.00M 869.00M 1003.00M 1087.00M
Ebitda 2229.00M 1976.00M 1871.00M 2059.00M 1942.00M
Depreciation and amortization 1085.00M 1081.00M 1002.00M 1056.00M 855.00M
Non operating income net other 292.00M 67.00M 15.00M 122.00M -56.00000M
Operating income 1144.00M 895.00M 869.00M 1003.00M 1127.00M
Other operating expenses 7071.00M 6079.00M 5451.00M 5335.00M 5335.00M
Interest expense 303.00M 298.00M 316.00M 306.00M 303.00M
Tax provision 20.00M 21.00M 29.00M 143.00M 124.00M
Interest income 41.00M 291.00M 319.00M 303.00M 293.00M
Net interest income -303.00000M -298.00000M -316.00000M -306.00000M -303.00000M
Extraordinary items - - - - -46.00000M
Non recurring - - - - -
Other items - - - - -
Income tax expense 20.00M 21.00M 29.00M 143.00M 170.00M
Total revenue 7923.00M 6974.00M 6320.00M 6338.00M 6478.00M
Total operating expenses 1743.00M 1654.00M 1606.00M 1525.00M 1434.00M
Cost of revenue 5328.00M 4425.00M 3845.00M 3810.00M 3901.00M
Total other income expense net -303.00000M -231.00000M -301.00000M -184.00000M -72.00000M
Discontinued operations - - - - -
Net income from continuing ops 821.00M 643.00M 539.00M 676.00M 598.00M
Net income applicable to common shares 881.00M 707.00M 581.00M 667.00M 587.00M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 41123.00M 39504.00M 37823.00M 34416.00M 32167.00M
Intangible assets 281.00M 293.00M 305.00M 314.00M 323.00M
Earning assets - - - - -
Other current assets 453.00M 401.00M 327.00M 300.00M 305.00M
Total liab 20781.00M 19543.00M 21997.00M 18830.00M 16764.00M
Total stockholder equity 19380.00M 19076.00M 15209.00M 15237.00M 15104.00M
Deferred long term liab 2330.00M 2256.00M 2581.00M 2579.00M 2649.00M
Other current liab 1099.00M 929.00M 789.00M 711.00M 704.00M
Common stock 3.00M 3.00M 3.00M 3.00M 3.00M
Capital stock 3.00M 3.00M 3.00M 3.00M 3.00M
Retained earnings 1910.00M 1714.00M 1666.00M 1681.00M 1528.00M
Other liab 7899.00M 8052.00M 8205.00M 8431.00M 8392.00M
Good will 3119.00M 3119.00M 3119.00M 3119.00M 3127.00M
Other assets 2722.00M 2524.00M 3871.00M 2829.00M 2871.00M
Cash 69.00M 1474.00M 1463.00M 178.00M 36.00M
Cash and equivalents 69.00M 1474.00M 1463.00M 178.00M 36.00M
Total current liabilities 4416.00M 3329.00M 3069.00M 3587.00M 3004.00M
Current deferred revenue 271.00M 204.00M 141.00M 140.00M 129.00M
Net debt 9315.00M 7146.00M 9805.00M 7914.00M 5332.00M
Short term debt 1000.00M 549.00M 636.00M 1311.00M 981.00M
Short long term debt 980.00M 533.00M 620.00M 1290.00M 981.00M
Short long term debt total 9384.00M 8620.00M 11268.00M 8092.00M 5368.00M
Other stockholder equity 17647.00M 17632.00M 13651.00M 13648.00M 13645.00M
Property plant equipment 30994.00M 28866.00M 26751.00M 25399.00M 23459.00M
Total current assets 3210.00M 3777.00M 3777.00M 2025.00M 1963.00M
Long term investments 486.00M 621.00M 736.00M 708.00M 424.00M
Net tangible assets 19380.00M 19076.00M 15209.00M 11757.00M 11654.00M
Short term investments - 0.00000M 300.00M - -
Net receivables 1745.00M 1280.00M 1199.00M 1092.00M 1148.00M
Long term debt 8223.00M 7922.00M 7478.00M 6716.00M 5368.00M
Inventory 503.00M 343.00M 262.00M 251.00M 235.00M
Accounts payable 2046.00M 1647.00M 1503.00M 1425.00M 1190.00M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity 962.00M 885.00M 617.00M 349.00M 299.00M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -180.00000M -273.00000M -111.00000M -95.00000M -72.00000M
Additional paid in capital - - - - -
Common stock total equity 3.00M 3.00M 3.00M 3.00M 3.00M
Preferred stock total equity - - - - -
Retained earnings total equity 1910.00M 1714.00M 1666.00M 1681.00M 1528.00M
Treasury stock - -47.00000M -14.00000M -12.00000M -12.00000M
Accumulated amortization - - - - -
Non currrent assets other 2516.00M 374.00M 331.00M 311.00M 3188.00M
Deferred long term asset charges - - - - -
Non current assets total 37913.00M 35727.00M 34046.00M 32391.00M 30204.00M
Capital lease obligations 181.00M 165.00M 170.00M 86.00M -
Long term debt total 8215.00M 7922.00M 7478.00M 6770.00M 5368.00M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments 18.00M 155.00M 238.00M 111.00M 4.00M
Change to liabilities 396.00M 183.00M 74.00M -43.00000M 218.00M
Total cashflows from investing activities -2548.00000M -2440.00000M -2858.00000M -2713.00000M -1564.00000M
Net borrowings 1027.00M -2473.00000M 103.00M 1736.00M 248.00M
Total cash from financing activities 108.00M 889.00M 2853.00M 1261.00M -230.00000M
Change to operating activities -564.00000M -137.00000M -269.00000M -69.00000M -26.00000M
Net income 821.00M 643.00M 539.00M 676.00M 598.00M
Change in cash -1405.00000M 10.00M 1283.00M 141.00M -3.00000M
Begin period cash flow 1477.00M 1467.00M 184.00M 43.00M 46.00M
End period cash flow 72.00M 1477.00M 1467.00M 184.00M 43.00M
Total cash from operating activities 1035.00M 1561.00M 1288.00M 1593.00M 1791.00M
Issuance of capital stock - 3998.00M - - -
Depreciation 1020.00M 942.00M 974.00M 998.00M 919.00M
Other cashflows from investing activities -47.00000M 381.00M -315.00000M -84.00000M 219.00M
Dividends paid -681.00000M -613.00000M -545.00000M -545.00000M 537.00M
Change to inventory - - - - -14.00000M
Change to account receivables - - - - -97.00000M
Sale purchase of stock -1.00000M -33.00000M -3.00000M 70.00M -6.00000M
Other cashflows from financing activities 1164.00M 847.00M 307.00M 2179.00M 147.00M
Change to netincome -256.00000M 101.00M 33.00M -24.00000M 269.00M
Capital expenditures 2519.00M 2976.00M 2781.00M 2740.00M 1787.00M
Change receivables - - - - -97.00000M
Cash flows other operating -1025.00000M -392.00000M -356.00000M 38.00M -46.00000M
Exchange rate changes - - - - -
Cash and cash equivalents changes -1405.00000M 10.00M 1283.00M 141.00M -3.00000M
Change in working capital -564.00000M -137.00000M -269.00000M -69.00000M -26.00000M
Stock based compensation - 172.00M 99.00M -111.00000M 2.00M
Other non cash items -260.00000M -70.00000M -72.00000M -39.00000M 147.00M
Free cash flow -1484.00000M -1415.00000M -1493.00000M -1147.00000M 4.00M

Fundamentals

  • Previous Close 37.02
  • Market Cap12521.71M
  • Volume588628
  • P/E Ratio23.63
  • Dividend Yield5.40%
  • EBITDA1810.00M
  • Revenue TTM8185.00M
  • Revenue Per Share TTM21.16
  • Gross Profit TTM 2595.00M
  • Diluted EPS TTM1.37

Peer Comparison

Sector: Utilities Industry: Utilities - Regulated Electric

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
AGR
Avangrid Inc
-0.47 1.27% 36.55 23.63 14.06 1.52 0.64 2.87 12.16
NEE
Nextera Energy Inc
0.34 0.51% 66.90 15.77 17.61 4.52 2.61 7.10 12.28
SO
Southern Company
0.46 0.62% 74.37 25.35 17.76 2.89 2.48 5.27 13.35
DUK
Duke Energy Corporation
0.07 0.07% 99.03 20.54 16.34 2.60 1.59 5.34 11.98
NGG
National Grid PLC ADR
-0.06 0.09% 66.76 15.63 13.83 2.41 1.32 5.05 14.80

Reports Covered

Stock Research & News

Profile

Avangrid, Inc., an energy services holding company, engages in the regulated energy transmission and distribution, and renewable energy generation businesses in the United States. The company operates in two segments: Networks and Renewables. It is involved in the generation, transmission, and distribution of electricity; and distribution, transportation, and sale of natural gas. The company also operates renewable energy generation facilities primarily using onshore wind power, as well as solar, biomass, and thermal power. It delivers natural gas and electricity to residential, commercial, and institutional customers through its regulated utilities in New York, Maine, Connecticut, and Massachusetts; and sells its output to investor-owned utilities, public utilities, and other credit-worthy entities. In addition, the company generates and provides power and other services to federal and state agencies, as well as institutional retail and joint action agencies; and delivers thermal output to wholesale customers in the Western United States. It owns eight electric and natural gas utilities, serving 3.3 million customers in New York and New England, as well as owns and operates 9.2 gigawatts of electricity capacity primarily through wind power in 22 states. The company was incorporated in 1997 and is headquartered in Orange, Connecticut. Avangrid, Inc. is a subsidiary of Iberdrola, S.A.

Avangrid Inc

180 Marsh Hill Road, Orange, CT, United States, 06477

Key Executives

Name Title Year Born
Mr. Pedro Azagra Blázquez CEO & Director 1968
Mr. R. Scott Mahoney Sr. VP, Gen. Counsel & Company Sec. 1966
Ms. Catherine S. Stempien Pres & CEO of Avangrid Networks, Inc. 1970
Ms. Patricia C. Cosgel Sr. VP & CFO NA
Mr. Dave Labelle Chief Admin. Officer NA
Alvaro Ortega Sebastian VP of Fin., Investor & Shareholder Relations and Risk NA
Ms. Kimberly A. Harriman Sr. VP of State Gov. Affairs & Corp. Communications 1973
Mr. Ignacio Estella Sr. VP of Corp. Devel. 1970
Ms. Kyra Patterson VP & Chief HR Officer NA
Mr. F. Michael McClain Chief Devel. Officer, Chief Integration Officer & Sr. VP 1949

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