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Unaudited Interim Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue        
Total revenue $ 343,638 $ 343,578 $ 808,539 $ 820,803
Expenses        
Expenses 121,462 120,187 249,358 240,300
Administrative expenses 19,361 13,524 35,033 26,642
Depreciation and amortization 75,667 69,813 154,547 140,860
Loss (gain) on foreign exchange (24) 1,467 (4,694) 934
Costs and Expenses, Total 284,565 281,118 629,444 642,390
Operating income 59,073 62,460 179,095 178,413
Interest expense (44,818) (45,840) (91,066) (88,461)
Income from long-term investments 334,809 160,662 172,148 180,134
Other net losses (26,940) (5,803) (27,830) (8,367)
Pension and other post-employment non-service costs (3,617) (3,747) (6,973) (5,040)
Gain on derivative financial instruments 1,389 409 1,446 213
Nonoperating Income (Expense) 260,823 105,681 47,725 78,479
Earnings before income taxes 319,896 168,141 226,820 256,892
Income tax expense (note 15)        
Current (2,022) (4,974) (6,109) (9,949)
Deferred (44,896) (15,831) (27,106) (25,687)
Income tax expense (46,918) (20,805) (33,215) (35,636)
Net earnings 272,978 147,336 193,605 221,256
Non-controlling interests 16,634 16,361 35,976 35,689
Non-controlling interests held by related party (3,393) (7,072) (7,159) (13,914)
Net Income (Loss) Attributable To Noncontrolling Interest, Net Of Related Party 13,241 9,289 28,817 21,775
Net earnings attributable to shareholders of Algonquin Power & Utilities Corp. 286,219 156,625 222,422 243,031
Series A and D Preferred shares dividend 2,017 2,109 4,157 4,215
Net earnings attributable to common shareholders of Algonquin Power & Utilities Corp. $ 284,202 $ 154,516 $ 218,265 $ 238,816
Basic net earnings per share (USD per share) $ 0.54 $ 0.31 $ 0.41 $ 0.49
Diluted net earnings per share (USD per share) $ 0.53 $ 0.31 $ 0.41 $ 0.48
Regulated electricity distribution        
Revenue        
Total revenue $ 163,599 $ 175,995 $ 344,298 $ 381,056
Expenses        
Expenses 42,815 50,344 100,048 119,942
Regulated gas distribution        
Revenue        
Total revenue 78,643 70,935 263,237 248,596
Expenses        
Expenses 19,307 21,340 82,920 100,894
Regulated water reclamation and distribution        
Revenue        
Total revenue 34,883 32,697 62,722 59,483
Expenses        
Expenses 3,236 1,785 5,487 3,239
Non-regulated energy sales        
Revenue        
Total revenue 59,924 59,777 126,235 123,234
Expenses        
Expenses 2,741 2,658 6,745 9,579
Other revenue        
Revenue        
Total revenue $ 6,589 $ 4,174 $ 12,047 $ 8,434