XML 63 R44.htm IDEA: XBRL DOCUMENT v3.20.2

Segmented information (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Results of Operations and Assets for Segments

	Three months ended June 30, 2020
	Regulated Services Group				Renewable Energy Group				Corporate				Total
Revenue (1)(2)	$	279,458			$	64,180			$	—			$	343,638
Fuel, power and water purchased	65,358				2,741				—				68,099
Net revenue	214,100				61,439				—				275,539
Operating expenses	105,067				16,395				—				121,462
Administrative expenses	9,198				8,052				2,111				19,361
Depreciation and amortization	52,629				22,803				235				75,667
Gain on foreign exchange	—				—				(24		)		(24		)
Operating income	47,206				14,189				(2,322		)		59,073
Interest expense	(24,097		)		(13,618		)		(7,103		)		(44,818		)
Income from long-term investments	2,962				22,551				309,296				334,809
Other	(19,695		)		(883		)		(8,590		)		(29,168		)
Earnings before income taxes	$	6,376			$	22,239			$	291,281			$	319,896
Capital expenditures	$	157,641			$	28,766			$	—			$	186,407

⁽¹⁾ Renewable Energy Group revenue includes $7,447 related to net hedging gains from energy derivative contracts for the three-month period ended June 30, 2020 that do not represent revenue recognized from contracts with customers.

⁽²⁾ Regulated Services Group revenue includes $4,761 related to alternative revenue programs for the three-month period ended June 30, 2020 that do not represent revenue recognized from contracts with customers.

18. Segmented information (continued)

	Three months ended June 30, 2019
	Regulated Services Group				Renewable Energy 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	52,537				11,276				(1,353		)		62,460
Interest expense	(26,057		)		(16,237		)		(3,546		)		(45,840		)
Income from long-term investments	1,854				37,050				121,758				160,662
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⁾ Renewable Energy Group revenue includes $5,200 related to net hedging gains from energy derivative contracts for the three-month period ended June 30, 2019 that do not represent revenue recognized from contracts with customers.

⁽²⁾ Regulated Services Group revenue includes $3,460 related to alternative revenue programs for the three-month period ended June 30, 2019 that do not represent revenue recognized from contracts with customers.

18. Segmented information (continued)

	Six months ended June 30, 2020
	Regulated Services Group				Renewable Energy Group				Corporate				Total
Revenue (1)(2)	$	675,518			$	133,021			$	—			$	808,539
Fuel, power and water purchased	188,455				6,745				—				195,200
Net revenue	487,063				126,276				—				613,339
Operating expenses	213,434				35,924				—				249,358
Administrative expenses	18,685				14,258				2,090				35,033
Depreciation and amortization	105,639				48,431				477				154,547
Gain on foreign exchange	—				—				(4,694		)		(4,694		)
Operating income	149,305				27,663				2,127				179,095
Interest expense	(48,937		)		(28,097		)		(14,032		)		(91,066		)
Income from long-term investments	5,610				46,345				120,193				172,148
Other	(24,692		)		(49		)		(8,616		)		(33,357		)
Earnings before income taxes	$	81,286			$	45,862			$	99,672			$	226,820
Property, plant and equipment	$	4,695,303			$	2,412,441			$	35,119			$	7,142,863
Investments carried at fair value	26,650				1,390,874				—				1,417,524
Equity-method investees	43,152				76,646				—				119,798
Total assets	6,896,472				4,167,458				124,098				11,188,028
Capital expenditures	$	297,273			$	45,036			$	—			$	342,309

⁽¹⁾ Renewable Energy Group revenue includes $16,739 related to net hedging gains from energy derivative contracts for the six-month period ended June 30, 2020 that do not represent revenue recognized from contracts with customers.

⁽²⁾ Regulated Services Group revenue includes $7,730 related to alternative revenue programs for the six-month period ended June 30, 2020 that do not represent revenue recognized from contracts with customers.

18. Segmented information (continued)

	Six months ended June 2019
	Regulated Services Group				Renewable Energy Group				Corporate				Total
Revenue (1)(2)	$	692,631			$	128,172			$	—			$	820,803
Fuel and power 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	157,130				22,479				(1,196		)		178,413
Interest expense	(51,149		)		(32,444		)		(4,868		)		(88,461		)
Income from long-term investments	3,111				60,547				116,476				180,134
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
	December 31, 2019
Property, plant and equipment	$	4,754,373			$	2,444,382			$	32,909			$	7,231,664
Investments carried at fair value	27,072				1,267,075				—				1,294,147
Equity-method investees	29,827				53,670				—				83,497
Total assets	$	6,816,063			$	4,014,067			$	81,340			$	10,911,470

⁽¹⁾ Renewable Energy Group revenue includes $11,640 related to net hedging gains from energy derivative contracts for the six-month period ended June 30, 2019 that do not represent revenue recognized from contracts with customers.

⁽²⁾ Regulated Services Group revenue includes $(3,561) related to alternative revenue programs for the six-month period ended June 30, 2019 that do not represent revenue recognized from contracts with customers.

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
	2020				2019				2020				2019
Revenue
Canada	$	33,923			$	21,633			$	81,668			$	40,164
United States	309,715				321,945				726,871				780,639
	$	343,638			$	343,578			$	808,539			$	820,803

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e9038-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1)
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

+ Details

Name:	us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration