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Segment Information | 12 Months Ended
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Dec. 31, 2020
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. Emera’s five 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, 2020
Operating revenues from external customers (1) | $ | 2,473 | $ | 1,494 | $ | 474 | $ | 1,051 | $ | 14 | $ | - | $ | 5,506
Inter-segment revenues (1) |  | 7 |  | - |  | - |  | 7 |  | 15 |  | (29) |  | -
Total operating revenues |  | 2,480 |  | 1,494 |  | 474 |  | 1,058 |  | 29 |  | (29) |  | 5,506
Regulated fuel for generation and purchased power |  | 574 |  | 659 |  | 194 |  | - |  | - |  | (7) |  | 1,420
Regulated cost of natural gas |  | - |  | - |  | - |  | 293 |  | - |  | - |  | 293
OM&G |  | 552 |  | 282 |  | 151 |  | 334 |  | 115 |  | (15) |  | 1,419
Depreciation and amortization |  | 455 |  | 236 |  | 71 |  | 111 |  | 8 |  | - |  | 881
Income from equity investments |  | - |  | 96 |  | 4 |  | 20 |  | 29 |  | - |  | 149
AFUDC - debt and equity |  | 54 |  | 4 |  | 1 |  | 9 |  | - |  | - |  | 68
Interest expense, net |  | 151 |  | 139 |  | 32 |  | 56 |  | 301 |  | - |  | 679
Internally allocated interest (2) |  | - |  | - |  | - |  | 13 |  | (13) |  | - |  | -
Gain on sale, net of transactions costs |  | - |  | - |  | - |  | - |  | 585 |  | - |  | 585
Impairment charges |  | - |  | - |  | - |  | - |  | 25 |  | - |  | 25
Income tax expense (recovery) |  | 89 |  | 17 |  | (8) |  | 51 |  | 192 |  | - |  | 341
Net income (loss) attributable to common shareholders |  | 501 |  | 221 |  | 35 |  | 162 |  | 19 |  | - |  | 938
Capital expenditures |  | 1,361 |  | 338 |  | 148 |  | 749 |  | 4 |  | - |  | 2,600
As at December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total assets |  | 16,889 |  | 6,752 |  | 1,365 |  | 6,067 |  | 1,234 |  | (1,073) | (3) | 31,234
Investments subject to significant influence |  | - |  | 1,176 |  | 41 |  | 129 |  | - |  | - |  | 1,346
Goodwill |  | 4,455 |  | - |  | 68 |  | 1,194 |  | 3 |  | - |  | 5,720
(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, 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
Regulated fuel for generation and purchased power |  | 772 |  | 573 |  | 286 |  | - |  | - |  | (22) |  | 1,609
Regulated cost of natural gas |  | - |  | - |  | - |  | 350 |  | - |  | - |  | 350
OM&G |  | 554 |  | 313 |  | 195 |  | 319 |  | 130 |  | (47) |  | 1,464
Depreciation and amortization |  | 445 |  | 231 |  | 107 |  | 109 |  | 11 |  | - |  | 903
Income from equity investments |  | - |  | 91 |  | 5 |  | 22 |  | 36 |  | - |  | 154
AFUDC - debt and equity |  | 20 |  | 6 |  | 5 |  | 2 |  | - |  | - |  | 33
Interest expense, net |  | 154 |  | 142 |  | 52 |  | 59 |  | 331 |  | - |  | 738
Internally allocated interest (2) |  | - |  | - |  | - |  | 14 |  | (14) |  | - |  | -
Impairment charges |  | - |  | - |  | 34 |  | - |  | - |  | - |  | 34
Income tax expense (recovery) |  | 79 |  | (10) |  | 11 |  | 48 |  | (67) |  | - |  | 61
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.
Geographical Information
Revenues (1):
For the | Year ended December 31
millions of Canadian dollars |  | 2020 |  | 2019
Canada | $ | 1,569 | $ | 1,497
United States |  | 3,522 |  | 4,140
Barbados |  | 263 |  | 320
The Bahamas |  | 112 |  | 112
Dominica |  | 40 |  | 42
| $ | 5,506 | $ | 6,111
(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 | 2020 | 2019
Canada | $ | 4,304 | $ | 4,248
United States |  | 14,353 |  | 13,095
Barbados |  | 510 |  | 462
The Bahamas |  | 289 |  | 282
Dominica |  | 79 |  | 80
| $ | 19,535 | $ | 18,167

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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