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Unaudited Interim Consolidated Statements of Operations
$ in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2019
USD ($)
$ / shares
Jun. 30, 2018
USD ($)
$ / shares
Jun. 30, 2019
USD ($)
$ / shares
Jun. 30, 2018
USD ($)
$ / shares
Revenue        
Total revenue $ 343,578 $ 366,143 $ 820,803 $ 860,357
Expenses        
Expenses 120,187 120,262 240,300 241,384
Administrative expenses 13,524 13,563 26,642 26,147
Depreciation and amortization 69,813 64,781 140,860 133,430
Loss (gain) on foreign exchange 1,467 (1,272) 934 (1,071)
Costs and expenses, total 281,118 290,926 642,390 665,772
Operating income 62,460 75,217 178,413 194,585
Interest expense 45,840 38,429 88,461 73,929
Change in value of investments carried at fair value (note 6) (121,394) (15,033) (115,576) 101,971
Interest, dividend, equity and other income (note 6) (39,268) (10,892) (64,558) (21,553)
Pension and other post-employment non-service costs (note 8) 3,747 520 5,040 328
Other losses (gains) 5,358 (386) 5,978 (1,614)
Acquisition-related costs, net 445 1,058 2,389 8,644
Loss (gain) on derivative financial instruments (note 20(b)(iv)) (409) 55 (213) 172
Nonoperating income (expense) (105,681) 13,751 (78,479) 161,877
Earnings before income taxes 168,141 61,466 256,892 32,708
Income tax expense (note 15)        
Current 4,974 2,498 9,949 5,384
Deferred 15,831 4,328 25,687 34,498
Income tax expense 20,805 6,826 35,636 39,882
Net earnings (loss) 147,336 54,640 221,256 (7,174)
Net effect of non-controlling interests 16,361 10,822 35,689 90,234
Net effect of non-controlling interests held by related party (7,072) 0 (13,914) 0
Net earnings attributable to shareholders of Algonquin Power & Utilities Corp. 156,625 65,462 243,031 83,060
Series A and D Preferred shares dividend (note 12) 2,109 2,014 4,215 4,070
Net earnings attributable to common shareholders of Algonquin Power & Utilities Corp. $ 154,516 $ 63,448 $ 238,816 $ 78,990
Basic net earnings per share (USD per share) | $ / shares $ 0.31 $ 0.14 $ 0.49 $ 0.18
Diluted net earnings per share (USD per share) | $ / shares $ 0.31 $ 0.14 $ 0.48 $ 0.17
Regulated electricity        
Revenue        
Total revenue $ 175,995 $ 199,763 $ 381,056 $ 412,468
Expenses        
Expenses 50,344 63,120 119,942 134,026
Regulated gas        
Revenue        
Total revenue 70,935 74,766 248,596 256,774
Expenses        
Expenses 21,340 23,667 100,894 114,072
Regulated water        
Revenue        
Total revenue 32,697 33,522 59,483 61,114
Expenses        
Expenses 1,785 2,282 3,239 4,330
Non-regulated energy        
Revenue        
Total revenue 59,777 53,047 123,234 120,888
Expenses        
Expenses 2,658 4,523 9,579 13,454
Other revenue        
Revenue        
Total revenue $ 4,174 $ 5,045 $ 8,434 $ 9,113