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Segmented information (Tables) | 6 Months Ended
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Jun. 30, 2019
Segment Reporting [Abstract] |
Results of Operations and Assets for Segments | The results of operations and assets for these segments are reflected in the tables below.
| Three Months Ended June 30, 2019
| Liberty Utilities Group |  | Liberty Power Group |  | Corporate |  | Total
Revenue (1)(2) | $ | 281,607 |  |  | $ | 61,971 |  |  | $ | — |  |  | $ | 343,578 |
Fuel, power and water purchased | 73,469 |  |  | 2,658 |  |  | — |  |  | 76,127 |
Net revenue | 208,138 |  |  | 59,313 |  |  | — |  |  | 267,451 |
Operating expenses | 102,021 |  |  | 18,166 |  |  | — |  |  | 120,187 |
Administrative expenses | 6,546 |  |  | 7,335 |  |  | (357 | ) |  | 13,524 |
Depreciation and amortization | 47,034 |  |  | 22,536 |  |  | 243 |  |  | 69,813 |
Loss on foreign exchange | — |  |  | — |  |  | 1,467 |  |  | 1,467 |
Operating income (loss) | 52,537 |  |  | 11,276 |  |  | (1,353 | ) |  | 62,460 |
Interest expense | 26,057 |  |  | 16,237 |  |  | 3,546 |  |  | 45,840 |
Interest, dividend, equity and other income | (1,854 | ) |  | (37,050 | ) |  | (364 | ) |  | (39,268 | )
Change in value of investments carried at fair value | — |  |  | — |  |  | (121,394 | ) |  | (121,394 | )
Other | 8,796 |  |  | (77 | ) |  | 422 |  |  | 9,141 |
Earnings before income taxes | $ | 19,538 |  |  | $ | 32,166 |  |  | $ | 116,437 |  |  | $ | 168,141 |
Capital expenditures | $ | 104,758 |  |  | $ | 906 |  |  | $ | — |  |  | $ | 105,664 |
(1) Revenues include $5,200 related to hedging gains from energy derivative contracts for the three months ended June 30, 2019 that do not represent revenues recognized from contracts with customers. (2) Liberty Utilities Group revenues include $3,460 related to alternative revenue programs for the three months ended June 30, 2019 that do not represent revenues recognized from contracts with customers. 17.Segmented information (continued)
| Three Months Ended June 30, 2018
| Liberty Utilities Group |  | Liberty Power Group |  | Corporate |  | Total
Revenue (1)(2) | $ | 309,930 |  |  | $ | 56,213 |  |  | $ | — |  |  | $ | 366,143 |
Fuel, power and water purchased | 89,069 |  |  | 4,523 |  |  | — |  |  | 93,592 |
Net revenue | 220,861 |  |  | 51,690 |  |  | — |  |  | 272,551 |
Operating expenses | 101,514 |  |  | 18,748 |  |  | — |  |  | 120,262 |
Administrative expenses | 9,212 |  |  | 4,166 |  |  | 185 |  |  | 13,563 |
Depreciation and amortization | 44,740 |  |  | 19,790 |  |  | 251 |  |  | 64,781 |
Gain on foreign exchange | — |  |  | — |  |  | (1,272 | ) |  | (1,272 | )
Operating income | 65,395 |  |  | 8,986 |  |  | 836 |  |  | 75,217 |
Interest expense | 24,767 |  |  | 13,127 |  |  | 535 |  |  | 38,429 |
Interest, dividend, equity and other income | (1,360 | ) |  | (8,915 | ) |  | (617 | ) |  | (10,892 | )
Change in value of investment carried at fair value | — |  |  | — |  |  | (15,033 | ) |  | (15,033 | )
Other | 346 |  |  | (157 | ) |  | 1,058 |  |  | 1,247 |
Earnings before income taxes | $ | 41,642 |  |  | $ | 4,931 |  |  | $ | 14,893 |  |  | $ | 61,466 |
Capital expenditures | $ | 72,544 |  |  | $ | 10,552 |  |  | $ | — |  |  | $ | 83,096 |
(1) Revenues include $4,846 related to hedging gains from energy derivative contracts for the three months ended June 30, 2018 that do not represent revenues recognized from contracts with customers. (2) Liberty Utilities Group revenues include $5,339 related to alternative revenue programs for the three months ended June 30, 2018 that do not represent revenues recognized from contracts with customers. 17.Segmented information (continued)
| Six Months Ended June 30, 2019
| Liberty Utilities Group |  | Liberty Power Group |  | Corporate |  | Total
Revenue (1)(2) | $ | 692,631 |  |  | $ | 128,172 |  |  | $ | — |  |  | $ | 820,803 |
Fuel, power and water purchased | 224,075 |  |  | 9,579 |  |  | — |  |  | 233,654 |
Net revenue | 468,556 |  |  | 118,593 |  |  | — |  |  | 587,149 |
Operating expenses | 203,996 |  |  | 36,304 |  |  | — |  |  | 240,300 |
Administrative expenses | 11,979 |  |  | 14,889 |  |  | (226 | ) |  | 26,642 |
Depreciation and amortization | 95,451 |  |  | 44,921 |  |  | 488 |  |  | 140,860 |
Loss on foreign exchange | — |  |  | — |  |  | 934 |  |  | 934 |
Operating income (loss) | 157,130 |  |  | 22,479 |  |  | (1,196 | ) |  | 178,413 |
Interest expense | 51,149 |  |  | 32,444 |  |  | 4,868 |  |  | 88,461 |
Interest, dividend, equity and other income | (3,111 | ) |  | (60,547 | ) |  | (900 | ) |  | (64,558 | )
Change in value of investments carried at fair value | — |  |  | — |  |  | (115,576 | ) |  | (115,576 | )
Other | 10,756 |  |  | 73 |  |  | 2,365 |  |  | 13,194 |
Earnings before income taxes | $ | 98,336 |  |  | $ | 50,509 |  |  | $ | 108,047 |  |  | $ | 256,892 |
Capital expenditures | $ | 202,173 |  |  | $ | 10,877 |  |  | $ | — |  |  | $ | 213,050 |
Property, plant and equipment | $ | 4,315,669 |  |  | $ | 2,462,792 |  |  | $ | 32,816 |  |  | $ | 6,811,277 |
Investments carried at fair value | — |  |  | 1,097,661 |  |  | — |  |  | 1,097,661 |
Equity-method investees | 28,149 |  |  | 22,066 |  |  | 271 |  |  | 50,486 |
Total assets | $ | 6,070,178 |  |  | $ | 3,844,668 |  |  | $ | 119,482 |  |  | $ | 10,034,328 |
(1) Revenues include $11,640 related to hedging gains for the six months ended June 30, 2019 that do not represent revenues recognized from contracts with customers. (2) Liberty Utilities Group revenues include $(3,561) related to alternative revenue programs for the six months ended June 30, 2019 that do not represent revenues recognized from contracts with customers. 17.Segmented information (continued)
| Six Months Ended June 30, 2018
| Liberty Utilities Group |  | Liberty Power Group |  | Corporate |  | Total
Revenue (1)(2) | $ | 733,588 |  |  | $ | 126,769 |  |  | $ | — |  |  | $ | 860,357 |
Fuel and power purchased | 252,428 |  |  | 13,454 |  |  | — |  |  | 265,882 |
Net revenue | 481,160 |  |  | 113,315 |  |  | — |  |  | 594,475 |
Operating expenses | 203,988 |  |  | 37,396 |  |  | — |  |  | 241,384 |
Administrative expenses | 18,057 |  |  | 7,745 |  |  | 345 |  |  | 26,147 |
Depreciation and amortization | 89,484 |  |  | 43,433 |  |  | 513 |  |  | 133,430 |
Gain on foreign exchange | — |  |  | — |  |  | (1,071 | ) |  | (1,071 | )
Operating income | 169,631 |  |  | 24,741 |  |  | 213 |  |  | 194,585 |
Interest expense | 49,971 |  |  | 22,867 |  |  | 1,091 |  |  | 73,929 |
Interest, dividend and other income | (2,760 | ) |  | (17,676 | ) |  | (1,117 | ) |  | (21,553 | )
Change in value of investment carried at fair value | — |  |  | — |  |  | 101,971 |  |  | 101,971 |
Other | (1,074 | ) |  | (40 | ) |  | 8,644 |  |  | 7,530 |
Earnings (loss) before income taxes | $ | 123,494 |  |  | $ | 19,590 |  |  | $ | (110,376 | ) |  | $ | 32,708 |
Capital expenditures | $ | 168,733 |  |  | $ | 72,537 |  |  | — |  |  | $ | 241,270 |
| December 31, 2018
Property, plant and equipment | $ | 4,210,115 |  |  | $ | 2,152,420 |  |  | $ | 31,023 |  |  | $ | 6,393,558 |
Investment carried at fair value | — |  |  | 814,530 |  |  | — |  |  | 814,530 |
Equity-method investees | 959 |  |  | 29,273 |  |  | 260 |  |  | 30,492 |
Total assets | $ | 6,012,641 |  |  | $ | 3,269,786 |  |  | $ | 106,541 |  |  | $ | 9,388,968 |
Information on Operations by Geographic Area | Information on operations by geographic area is as follows:
| Three Months Ended June 30 |  | Six Months Ended June 30
| 2019 |  | 2018 |  | 2019 |  | 2018
Revenue |  |  |  |  |  |  |
Canada | $ | 21,633 |  |  | $ | 17,616 |  |  | $ | 40,164 |  |  | $ | 36,902 |
United States | 321,945 |  |  | 348,527 |  |  | 780,639 |  |  | 823,455 |
| $ | 343,578 |  |  | $ | 366,143 |  |  | $ | 820,803 |  |  | $ | 860,357 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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