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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue        
Total revenue $ 527,523 $ 343,638 $ 1,162,065 $ 808,539
Expenses        
Expenses 169,978 122,938 351,139 249,672
Administrative expenses 18,226 17,885 33,765 34,719
Depreciation and amortization 98,161 75,667 195,600 154,547
Loss (gain) on foreign exchange 1,283 (24) 2,145 (4,694)
Costs and Expenses, Total 442,112 284,565 990,563 629,444
Operating income 85,411 59,073 171,502 179,095
Interest expense (58,182) (44,818) (107,762) (91,066)
Income from long-term investments 60,506 334,809 9,999 172,148
Other net losses (note 16) (1,813) (26,940) (10,197) (27,830)
Pension and other post-employment non-service costs (note 8) (3,861) (3,617) (7,545) (6,973)
Gain (loss) on derivative financial instruments (note 21(b)(iv)) (1,354) 1,389 (265) 1,446
Earnings before income taxes 80,707 319,896 55,732 226,820
Income tax recovery (expense) (note 15)        
Current (3,864) (2,022) (7,239) (6,109)
Deferred 8,059 (44,896) 33,072 (27,106)
Income tax expense 4,195 (46,918) 25,833 (33,215)
Net earnings 84,902 272,978 81,565 193,605
Non-controlling interests 20,937 16,634 40,902 35,976
Non-controlling interests held by related party (2,617) (3,393) (5,298) (7,159)
Net effect of non-controlling interests 18,320 13,241 35,604 28,817
Net earnings attributable to shareholders of Algonquin Power & Utilities Corp. 103,222 286,219 117,169 222,422
Series A and D Preferred shares dividend (note 12) 2,276 2,017 4,490 4,157
Net earnings attributable to common shareholders of Algonquin Power & Utilities Corp. $ 100,946 $ 284,202 $ 112,679 $ 218,265
Net earnings attributable to common shareholders of Algonquin Power & Utilities Corp.        
Basic net earnings per share (USD per share) $ 0.16 $ 0.54 $ 0.19 $ 0.41
Diluted net earnings per share (USD per share) $ 0.16 $ 0.53 $ 0.18 $ 0.41
Regulated electricity distribution        
Revenue        
Total revenue $ 280,284 $ 163,599 $ 614,617 $ 344,298
Expenses        
Expenses 118,892 42,815 288,291 100,048
Regulated gas distribution        
Revenue        
Total revenue 93,104 78,643 292,101 263,237
Expenses        
Expenses 26,105 19,307 99,486 82,920
Regulated water reclamation and distribution        
Revenue        
Total revenue 58,042 34,883 112,592 62,722
Expenses        
Expenses 3,406 3,236 6,148 5,487
Non-regulated energy sales        
Revenue        
Total revenue 77,890 59,924 108,673 126,235
Expenses        
Expenses 6,061 2,741 13,989 6,745
Other revenue        
Revenue        
Total revenue $ 18,203 $ 6,589 $ 34,082 $ 12,047