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Segment Information | 12 Months Ended
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Dec. 31, 2019
5. Segment Information |
Segment Information | 5. SEGMENT INFORMATION Emera manages its reportable segments separately due in part to their different operating, regulatory and geographical environments. Segments are reported based on each subsidiary’s contribution of revenues, net income attributable to common shareholders a nd total assets, as reported to the Company’s chief operating decision maker. Effective January 1, 2019, Emera revised its reportable segments to align with strategic prio rities and internal governance. These new reporting segments align with how the Company assesses financial performance and makes decisions about resource allocations. All comparative segment financial information has been restated with no impact to reported consolidated results. The five new reportable segments are: Florida Electric Utility; Canadian Electric Utilities; Other Electric Utilities; Gas Utilities and Infrastructure; and Other
| Florida | Canadian | Other | Gas Utilities |  | Inter- |  |
| Electric | Electric | Electric | and |  | Segment |  |
millions of Canadian dollars | Utility | Utilities | Utilities | Infrastructure | Other | Eliminations | Total
For the year ended December 31, 2019
Operating revenues from external customers (1) | $ | 2,596 | $ | 1,429 | $ | 744 | $ | 1,097 | $ | 245 | $ | - | $ | 6,111
Inter-segment revenues (1) |  | 11 |  | 1 |  | - |  | 22 |  | 37 |  | (71) |  | -
Total operating revenues |  | 2,607 |  | 1,430 |  | 744 |  | 1,119 |  | 282 |  | (71) |  | 6,111
AFUDC - debt and equity |  | 20 |  | 6 |  | 5 |  | 2 |  | - |  | - |  | 33
Depreciation and amortization |  | 445 |  | 231 |  | 107 |  | 109 |  | 11 |  | - |  | 903
Interest expense, net |  | 154 |  | 142 |  | 52 |  | 59 |  | 331 |  | - |  | 738
Internally allocated interest (2) |  | - |  | - |  | - |  | 14 |  | (14) |  | - |  | -
Income from equity investments |  | - |  | 91 |  | 5 |  | 22 |  | 36 |  | - |  | 154
Income tax expense (recovery) |  | 79 |  | (10) |  | 11 |  | 48 |  | (67) |  | - |  | 61
Operating, maintenance and general ("OM&G") |  | 554 |  | 313 |  | 195 |  | 319 |  | 130 |  | (47) |  | 1,464
GBPC impairment charge |  | - |  | - |  | 34 |  | - |  | - |  | - |  | 34
Net income (loss) attributable to common shareholders |  | 419 |  | 229 |  | 45 |  | 183 |  | (213) |  | - |  | 663
Capital expenditures |  | 1,393 |  | 384 |  | 195 |  | 448 |  | 63 |  | - |  | 2,483
As at December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total assets |  | 16,214 |  | 6,717 |  | 3,069 |  | 5,489 |  | 1,459 |  | (1,106) | (3) | 31,842
Investments subject to significant influence |  | - |  | 1,133 |  | 41 |  | 138 |  | - |  | - |  | 1,312
Goodwill |  | 4,544 |  | - |  | 70 |  | 1,218 |  | 3 |  | - |  | 5,835
(1) All significant inter-company balances and inter-company transactions have been eliminated on consolidation except for certain transactions between non-regulated and regulated entities that have not been eliminated because management believes the elimination of these transactions would understate property, plant and equipment, OM&G expenses, or regulated fuel for generation and purchased power. Inter-company transactions that have not been eliminated are measured at the amount of consideration established and agreed to by the related parties. Eliminated transactions are included in determining reportable segments.
(2) Segment net income is reported on a basis that includes internally allocated financing costs.
(3) Primarily relates to consolidated deferred tax reclassifications. Deferred tax assets are reclassified and netted with deferred tax liabilities upon consolidation.
| Florida | Canadian | Other | Gas Utilities |  | Inter- |  |
| Electric | Electric | Electric | and |  | Segment |  |
millions of Canadian dollars | Utility | Utilities | Utilities | Infrastructure | Other | Eliminations | Total
For the year ended December 31, 2018
Operating revenues from external customers (1) | $ | 2,670 | $ | 1,437 | $ | 745 | $ | 1,062 | $ | 610 | $ | - | $ | 6,524
Inter-segment revenues (1) |  | 9 |  | 3 |  | - |  | 36 |  | 51 |  | (99) |  | -
Total operating revenues |  | 2,679 |  | 1,440 |  | 745 |  | 1,098 |  | 661 |  | (99) |  | 6,524
AFUDC - debt and equity |  | 20 |  | 6 |  | 3 |  | 1 |  | - |  | - |  | 30
Depreciation and amortization |  | 405 |  | 219 |  | 114 |  | 129 |  | 49 |  | - |  | 916
Interest expense, net |  | 132 |  | 139 |  | 48 |  | 55 |  | 339 |  | - |  | 713
Internally allocated interest (2) |  | - |  | - |  | - |  | 14 |  | (14) |  | - |  | -
Income from equity investments |  | - |  | 87 |  | 6 |  | 22 |  | 39 |  | - |  | 154
Income tax expense (recovery) |  | 85 |  | 8 |  | 9 |  | 47 |  | (80) |  | - |  | 69
OM&G |  | 667 |  | 286 |  | 188 |  | 295 |  | 206 |  | (62) |  | 1,580
Net income (loss) attributable to common shareholders |  | 381 |  | 218 |  | 85 |  | 135 |  | (109) |  | - |  | 710
Capital expenditures |  | 1,217 |  | 345 |  | 187 |  | 330 |  | 72 |  | - |  | 2,151
As at December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total assets |  | 15,997 |  | 6,275 |  | 3,094 |  | 5,404 |  | 2,653 |  | (1,109) | (3) | 32,314
Investments subject to significant influence |  | - |  | 1,079 |  | 77 |  | 155 |  | 5 |  | - |  | 1,316
Goodwill |  | 4,774 |  | - |  | 260 |  | 1,279 |  | - |  | - |  | 6,313
(1) All significant inter-company balances and inter-company transactions have been eliminated on consolidation except for certain transactions between non-regulated and regulated entities that have not been eliminated because management believes the elimination of these transactions would understate property, plant and equipment, OM&G expenses, or regulated fuel for generation and purchased power. Inter-company transactions that have not been eliminated are measured at the amount of consideration established and agreed to by the related parties. Eliminated transactions are included in determining reportable segments.
(2) Segment net income is reported on a basis that includes internally allocated financing costs.
(3) Primarily relates to consolidated deferred tax reclassifications. Deferred tax assets are reclassified and netted with deferred tax liabilities upon consolidation.
Geographical Information
Revenues (1):
For the | Year ended December 31
millions of Canadian dollars |  | 2019 |  | 2018
Canada | $ | 1,497 | $ | 1,520
United States |  | 4,140 |  | 4,537
Barbados |  | 320 |  | 319
The Bahamas |  | 112 |  | 121
Dominica |  | 42 |  | 27
| $ | 6,111 | $ | 6,524
(1) Revenues are based on country of origin of the product or service sold. |  |  |  |
Property Plant and Equipment:
As at | December 31 | December 31
millions of Canadian dollars | 2019 | 2018
Canada | $ | 4,248 | $ | 4,128
United States (1) |  | 13,095 |  | 13,739
Barbados |  | 462 |  | 446
The Bahamas |  | 282 |  | 315
Dominica |  | 80 |  | 84
| $ | 18,167 | $ | 18,712
(1) Excludes Emera Maine balances classified as held for sale as at December 31, 2019. Refer to note 4 for further details.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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