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Segmented information (Tables)

6 Months Ended

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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