Avangrid Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2016 - 2020
Revenue	1,583	1,576	2,004	1,974	1,440	1,349	Upgrade
Revenue Growth (YoY)	-7.43%	-21.34%	1.50%	37.11%	6.74%	-9.31%	Upgrade
Depreciation & Amortization	227.29	215.24	205.88	219.51	213.16	246.62	Upgrade
Other Operating Expenses	998.06	1,009	1,340	1,271	1,007	715.49	Upgrade
Total Operating Expenses	1,225	1,224	1,546	1,490	1,220	962.1	Upgrade
Operating Income	358.13	351.98	457.54	483.86	219.79	386.77	Upgrade
Interest Expense	-65.26	-57.24	-72.53	-76.8	-72.69	-77.32	Upgrade
Interest Income	21.63	51	67.93	29.05	4.97	11.24	Upgrade
Net Interest Expense	-43.63	-6.24	-4.6	-47.75	-67.72	-66.08	Upgrade
Income (Loss) on Equity Investments	12.57	12.33	13.14	12.17	6.7	9.95	Upgrade
Currency Exchange Gain (Loss)	1.53	-1.45	-6.66	-2.66	-13.83	5.73	Upgrade
Other Non-Operating Income (Expenses)	12.22	-13.05	-12.88	-11.92	-13.66	-13.14	Upgrade
EBT Excluding Unusual Items	340.81	343.58	446.54	433.7	131.29	323.22	Upgrade
Impairment of Goodwill	-	-	-5.57	-	-	-	Upgrade
Gain (Loss) on Sale of Investments	-	-	116.46	-	11.73	-	Upgrade
Gain (Loss) on Sale of Assets	1.82	1.82	-	-	841.95	-	Upgrade
Asset Writedown	-26.91	-26.91	-6.72	-15.15	-144.26	-211.13	Upgrade
Insurance Settlements	-	-	-	-	-	21.28	Upgrade
Legal Settlements	-0.21	-0.21	-2.14	-2.05	-0.64	-1.15	Upgrade
Other Unusual Items	26.45	26.45	-	-0.5	-14.9	-	Upgrade
Pretax Income	341.97	344.74	548.57	416	825.17	132.22	Upgrade
Income Tax Expense	74.5	87.58	144.74	105.53	284.99	42.75	Upgrade
Earnings From Continuing Ops.	267.47	257.16	403.83	310.47	540.18	89.47	Upgrade
Minority Interest in Earnings	-12.28	-4.7	-10.34	-14.5	5.12	73.43	Upgrade
Net Income	255.19	252.46	393.49	295.97	545.3	162.89	Upgrade
Net Income to Common	255.19	252.46	393.49	295.97	545.3	162.89	Upgrade
Net Income Growth	-12.63%	-35.84%	32.95%	-45.72%	234.76%	-19.78%	Upgrade
Shares Outstanding (Basic)	17,539	17,536	17,536	17,536	17,536	17,536	Upgrade
Shares Outstanding (Diluted)	17,539	17,536	17,536	17,536	17,536	17,536	Upgrade
EPS (Basic)	0.01	0.01	0.02	0.02	0.03	0.01	Upgrade
EPS (Diluted)	0.01	0.01	0.02	0.02	0.03	0.01	Upgrade
EPS Growth	-12.65%	-35.84%	32.95%	-45.72%	234.79%	-19.78%	Upgrade
Free Cash Flow	335.32	229.22	196.56	217.54	80.68	413.07	Upgrade
Free Cash Flow Per Share	0.02	0.01	0.01	0.01	0.01	0.02	Upgrade
Dividend Per Share	-	-	0.011	0.008	0.018	0.009	Upgrade
Dividend Growth	-	-	32.94%	-54.13%	98.28%	-19.86%	Upgrade
Profit Margin	16.12%	16.02%	19.64%	14.99%	37.88%	12.08%	Upgrade
Free Cash Flow Margin	21.18%	14.54%	9.81%	11.02%	5.60%	30.62%	Upgrade
EBITDA	582.53	565.21	662.24	702.71	432.12	632.1	Upgrade
EBITDA Margin	36.79%	35.86%	33.05%	35.60%	30.01%	46.86%	Upgrade
D&A For EBITDA	224.4	213.23	204.7	218.85	212.32	245.34	Upgrade
EBIT	358.13	351.98	457.54	483.86	219.79	386.77	Upgrade
EBIT Margin	22.62%	22.33%	22.84%	24.51%	15.27%	28.67%	Upgrade
Effective Tax Rate	21.78%	25.40%	26.38%	25.37%	34.54%	32.33%	Upgrade

Updated Jan 29, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.