Avangrid Historical Income Statement

AGR Stock

USD 36.55 0.10 0.27%

Historical analysis of Avangrid income statement accounts such as Total Revenue of 8.7 B, Gross Profit of 2.9 B or Operating Income of 976.5 M can show how well Avangrid performed in making a profits. Evaluating Avangrid income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Avangrid's future profits or losses.

Cash Flow Balance Sheet Income Statement

Oil Shock

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining Avangrid latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Avangrid is a good buy for the upcoming year.

Net Income Gross Profit

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avangrid. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

To learn how to invest in Avangrid Stock, please use our How to Invest in Avangrid guide.

About Avangrid Income Statement Analysis

Avangrid Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Avangrid shareholders. The income statement also shows Avangrid investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Avangrid Income Statement Chart

Avangrid Income Statement is one of the three primary financial statements used for reporting Avangrid's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Avangrid revenue and expense. Avangrid Income Statement primarily focuses on the company's revenues and expenses during a particular period.

At this time, Avangrid's Depreciation And Amortization is relatively stable compared to the past year. As of 05/03/2024, Other Operating Expenses is likely to grow to about 7.7 B, while Net Income From Continuing Ops is likely to drop slightly above 621.6 M.

Total Revenue Gross Profit Operating Income Ebitda Depreciation And Amortization Net Interest Income

Total Revenue

Total revenue comprises all receipts Avangrid generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Avangrid minus its cost of goods sold. It is profit before Avangrid operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Operating Income

Operating Income is the amount of profit realized from Avangrid operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Avangrid is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

Net Interest Income

The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.

Most accounts from Avangrid's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Avangrid current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avangrid. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

To learn how to invest in Avangrid Stock, please use our How to Invest in Avangrid guide.At this time, Avangrid's Depreciation And Amortization is relatively stable compared to the past year. As of 05/03/2024, Other Operating Expenses is likely to grow to about 7.7 B, while Net Income From Continuing Ops is likely to drop slightly above 621.6 M.

	2021	2022	2023	2024 (projected)
Gross Profit	2.5B	2.6B	2.8B	2.9B
Total Revenue	7.0B	7.9B	8.3B	8.7B

Gross Profit Total Revenue

Avangrid income statement Correlations

	Interest Expense	Total Revenue	Gross Profit	Operating Income	Ebit	Ebitda	Net Income	Income Tax Expense	Depreciation And Amortization	Other Operating Expenses	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Selling General Administrative	Net Income From Continuing Ops	Non Recurring	Minority Interest	Tax Provision	Interest Income	Net Interest Income	Non Operating Income Net Other	Reconciled Depreciation	Extraordinary Items
Interest Expense		0.97	0.95	0.75	0.82	0.94	0.9	0.04	0.97	0.97	0.97	0.96	0.73	-0.18	0.09	0.59	0.88	0.32	0.07	-0.47	-0.75	0.44	0.75	-0.76
Total Revenue	0.97		0.98	0.83	0.9	0.98	0.96	0.04	0.98	1.0	0.99	0.98	0.8	-0.28	-0.01	0.72	0.94	0.31	0.11	-0.5	-0.71	0.46	0.79	-0.8
Gross Profit	0.95	0.98		0.86	0.94	0.99	0.94	0.08	0.97	0.96	0.95	0.98	0.82	-0.37	-0.04	0.69	0.96	0.34	0.24	-0.36	-0.62	0.32	0.69	-0.77
Operating Income	0.75	0.83	0.86		0.9	0.88	0.91	0.4	0.81	0.81	0.81	0.82	0.96	-0.17	-0.07	0.84	0.84	0.43	0.42	-0.37	-0.49	0.3	0.63	-0.76
Ebit	0.82	0.9	0.94	0.9		0.96	0.89	0.11	0.87	0.87	0.86	0.89	0.82	-0.47	-0.1	0.71	0.93	0.37	0.4	-0.31	-0.48	0.25	0.56	-0.65
Ebitda	0.94	0.98	0.99	0.88	0.96		0.95	0.07	0.97	0.97	0.96	0.97	0.83	-0.38	0.01	0.71	0.95	0.35	0.24	-0.38	-0.6	0.34	0.69	-0.76
Net Income	0.9	0.96	0.94	0.91	0.89	0.95		0.16	0.94	0.96	0.96	0.95	0.89	-0.23	-0.1	0.87	0.93	0.35	0.16	-0.54	-0.68	0.51	0.83	-0.86
Income Tax Expense	0.04	0.04	0.08	0.4	0.11	0.07	0.16		0.02	0.01	0.01	0.0	0.58	0.27	-0.13	0.31	0.05	0.26	0.71	0.09	0.15	-0.12	-0.11	-0.05
Depreciation And Amortization	0.97	0.98	0.97	0.81	0.87	0.97	0.94	0.02		0.98	0.97	0.98	0.78	-0.29	0.11	0.67	0.9	0.3	0.08	-0.42	-0.67	0.41	0.76	-0.81
Other Operating Expenses	0.97	1.0	0.96	0.81	0.87	0.97	0.96	0.01	0.98		1.0	0.98	0.78	-0.25	0.01	0.72	0.92	0.29	0.05	-0.55	-0.73	0.5	0.82	-0.81
Cost Of Revenue	0.97	0.99	0.95	0.81	0.86	0.96	0.96	0.01	0.97	1.0		0.97	0.78	-0.22	0.01	0.73	0.91	0.28	0.03	-0.57	-0.74	0.53	0.83	-0.81
Total Operating Expenses	0.96	0.98	0.98	0.82	0.89	0.97	0.95	0.0	0.98	0.98	0.97		0.78	-0.31	0.02	0.7	0.93	0.29	0.09	-0.45	-0.69	0.42	0.78	-0.81
Income Before Tax	0.73	0.8	0.82	0.96	0.82	0.83	0.89	0.58	0.78	0.78	0.78	0.78		-0.12	-0.13	0.86	0.79	0.43	0.5	-0.36	-0.44	0.31	0.6	-0.71
Total Other Income Expense Net	-0.18	-0.28	-0.37	-0.17	-0.47	-0.38	-0.23	0.27	-0.29	-0.25	-0.22	-0.31	-0.12		0.21	-0.14	-0.41	0.1	-0.26	-0.36	-0.29	0.37	0.11	0.08
Selling General Administrative	0.09	-0.01	-0.04	-0.07	-0.1	0.01	-0.1	-0.13	0.11	0.01	0.01	0.02	-0.13	0.21		-0.4	-0.29	-0.19	-0.21	-0.01	0.09	0.02	-0.08	0.14
Net Income From Continuing Ops	0.59	0.72	0.69	0.84	0.71	0.71	0.87	0.31	0.67	0.72	0.73	0.7	0.86	-0.14	-0.4		0.76	0.38	0.2	-0.54	-0.51	0.5	0.77	-0.79
Non Recurring	0.88	0.94	0.96	0.84	0.93	0.95	0.93	0.05	0.9	0.92	0.91	0.93	0.79	-0.41	-0.29	0.76		0.34	0.24	-0.36	-0.64	0.32	0.7	-0.78
Minority Interest	0.32	0.31	0.34	0.43	0.37	0.35	0.35	0.26	0.3	0.29	0.28	0.29	0.43	0.1	-0.19	0.38	0.34		0.22	-0.08	-0.27	0.06	0.25	-0.45
Tax Provision	0.07	0.11	0.24	0.42	0.4	0.24	0.16	0.71	0.08	0.05	0.03	0.09	0.5	-0.26	-0.21	0.2	0.24	0.22		0.31	0.3	-0.31	-0.31	0.17
Interest Income	-0.47	-0.5	-0.36	-0.37	-0.31	-0.38	-0.54	0.09	-0.42	-0.55	-0.57	-0.45	-0.36	-0.36	-0.01	-0.54	-0.36	-0.08	0.31		0.74	-0.95	-0.79	0.42
Net Interest Income	-0.75	-0.71	-0.62	-0.49	-0.48	-0.6	-0.68	0.15	-0.67	-0.73	-0.74	-0.69	-0.44	-0.29	0.09	-0.51	-0.64	-0.27	0.3	0.74		-0.74	-0.87	0.68
Non Operating Income Net Other	0.44	0.46	0.32	0.3	0.25	0.34	0.51	-0.12	0.41	0.5	0.53	0.42	0.31	0.37	0.02	0.5	0.32	0.06	-0.31	-0.95	-0.74		0.79	-0.37
Reconciled Depreciation	0.75	0.79	0.69	0.63	0.56	0.69	0.83	-0.11	0.76	0.82	0.83	0.78	0.6	0.11	-0.08	0.77	0.7	0.25	-0.31	-0.79	-0.87	0.79		-0.84
Extraordinary Items	-0.76	-0.8	-0.77	-0.76	-0.65	-0.76	-0.86	-0.05	-0.81	-0.81	-0.81	-0.81	-0.71	0.08	0.14	-0.79	-0.78	-0.45	0.17	0.42	0.68	-0.37	-0.84

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Avangrid Account Relationship Matchups

Avangrid income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	303M	306M	316M	298M	409M	429.5M
Total Revenue	6.3B	6.3B	7.0B	7.9B	8.3B	8.7B
Gross Profit	2.5B	2.5B	2.5B	2.6B	2.8B	2.9B
Operating Income	1.0B	869M	895M	1.1B	930M	976.5M
Ebit	1.0B	869M	895M	1.1B	983M	1.0B
Ebitda	2.1B	1.9B	2.0B	2.2B	2.1B	2.2B
Net Income	700M	581M	707M	881M	786M	825.3M
Income Tax Expense	143M	29M	21M	20M	(9M)	(8.6M)
Depreciation And Amortization	1.1B	1.0B	1.1B	1.1B	1.2B	1.2B
Cost Of Revenue	3.8B	3.8B	4.4B	5.3B	5.5B	5.8B
Total Operating Expenses	1.5B	1.6B	1.7B	1.7B	1.8B	1.9B
Income Before Tax	819M	568M	664M	841M	656M	688.8M
Total Other Income Expense Net	(184M)	(301M)	(231M)	(303M)	135M	141.8M
Selling General Administrative	3M	14M	18M	15M	13.5M	13.7M
Net Income From Continuing Ops	676M	539M	643M	821M	665M	621.6M
Net Income Applicable To Common Shares	667M	581M	707M	881M	1.0B	627.4M
Minority Interest	349M	(42M)	(64M)	60M	121M	86.2M
Interest Income	303M	319M	291M	41M	36.9M	35.1M
Net Interest Income	(303M)	(306M)	(316M)	(298M)	(409M)	(429.5M)
Non Operating Income Net Other	122M	15M	67M	292M	335.8M	352.6M
Reconciled Depreciation	998M	974M	1.0B	1.1B	1.2B	1.1B

Pair Trading with Avangrid

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Avangrid position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Avangrid will appreciate offsetting losses from the drop in the long position's value.

Moving together with Avangrid Stock

0.89	D	Dominion Energy	Pair Corr
0.81	ES	Eversource Energy	Pair Corr
0.8	FE	FirstEnergy	Pair Corr

Moving against Avangrid Stock

0.91	HE	Hawaiian Electric Earnings Call This Week	Pair Corr
0.61	EBR	Centrais Electricas Earnings Call This Week	Pair Corr
0.47	CMS-PC	CMS Energy Earnings Call Today	Pair Corr
0.47	EDN	Empresa Distribuidora Earnings Call This Week	Pair Corr

The ability to find closely correlated positions to Avangrid could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avangrid when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Avangrid - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Avangrid to buy it.

The correlation of Avangrid is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Avangrid moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avangrid moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Avangrid can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Avangrid is a strong investment it is important to analyze Avangrid's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Avangrid's future performance. For an informed investment choice regarding Avangrid Stock, refer to the following important reports:

How To Invest In Avangrid

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Is Avangrid Stock a good investment?

Details

What is Avangrid's Net Worth?

Details

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To learn how to invest in Avangrid Stock, please use our How to Invest in Avangrid guide.

Note that the Avangrid information on this page should be used as a complementary analysis to other Avangrid's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

Complementary Tools for Avangrid Stock analysis

When running Avangrid's price analysis, check to measure Avangrid's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Avangrid is operating at the current time. Most of Avangrid's value examination focuses on studying past and present price action to predict the probability of Avangrid's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avangrid's price. Additionally, you may evaluate how the addition of Avangrid to your portfolios can decrease your overall portfolio volatility.

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Is Avangrid's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Avangrid. If investors know Avangrid will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Avangrid listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.44

Dividend Share

1.76

Earnings Share

2.31

Revenue Per Share

21.352

Quarterly Revenue Growth

(0.02)

The market value of Avangrid is measured differently than its book value, which is the value of Avangrid that is recorded on the company's balance sheet. Investors also form their own opinion of Avangrid's value that differs from its market value or its book value, called intrinsic value, which is Avangrid's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Avangrid's market value can be influenced by many factors that don't directly affect Avangrid's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Avangrid's value and its price as these two are different measures arrived at by different means. Investors typically determine if Avangrid is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avangrid's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Avangrid Historical Income Statement

About Avangrid Income Statement Analysis

Avangrid Income Statement Chart

Total Revenue

Gross Profit

Operating Income

Depreciation And Amortization

Net Interest Income

Avangrid income statement Correlations

Avangrid Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Avangrid income statement Accounts

Pair Trading with Avangrid

Moving together with Avangrid Stock

Moving against Avangrid Stock

Complementary Tools for Avangrid Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Operating Expenses	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Other Operating Expenses
Cost Of Revenue	+ 0.99	Total Revenue
Ebitda	+ 0.99	Gross Profit
Gross Profit	+ 0.98	Total Revenue
Ebitda	+ 0.98	Total Revenue

Non Operating Income Net Other	- 0.95	Interest Income
Reconciled Depreciation	- 0.87	Net Interest Income
Extraordinary Items	- 0.86	Net Income
Extraordinary Items	- 0.84	Reconciled Depreciation
Extraordinary Items	- 0.81	Total Operating Expenses
Extraordinary Items	- 0.81	Cost Of Revenue