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Segmented information
12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
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The Company is managed under two primary business units consisting of the Regulated Services Group and the Renewable Energy Group. The two business units are the two segments of the Company.
The Regulated Services Group, the Company's regulated operating unit, owns and operates a portfolio of electric, natural gas, water distribution and wastewater collection utility systems and transmission operations in the United States, Canada, Bermuda and Chile; the Renewable Energy Group, the Company's non-regulated operating unit, owns and operates, or has investments in, a diversified portfolio of renewable and thermal electric generation assets in North America and internationally.
For purposes of evaluating the performance of the business units, the Company allocates the realized portion of any gains or losses on financial instruments to the specific business units. Dividend income from Atlantica and AYES Canada are included in the operations of the Renewable Energy Group, while interest income from SAWS is included in the operations of the Regulated Services Group. Equity method gains and losses are included in the operations of the Regulated Services Group or Renewable Energy Group based on the nature of the activities of the investees. The change in value of investments carried at fair value and unrealized portion of any gains or losses on derivative instruments not designated in a hedging relationship are not considered in management’s evaluation of divisional performance and are therefore allocated and reported under corporate.
Beginning in 2021, the Company reported income and losses associated with development activities under corporate, as these are no longer considered in management’s evaluation of the Renewable Energy Group where it was reported previously. Comparative figures have been reclassified to conform to presentation adopted in the current period.
 
Year ended December 31, 2021
 Regulated Services GroupRenewable Energy GroupCorporateTotal
Revenue (1)(2)
$1,944,171 $267,970 $ $2,212,141 
Other revenue53,441 18,339 1,558 73,338 
Fuel, power and water purchased682,602 36,498  719,100 
Net revenue1,315,010 249,811 1,558 1,566,379 
Operating expenses597,850 104,262 16 702,128 
Administrative expenses37,179 28,298 1,249 66,726 
Depreciation and amortization280,452 121,414 1,097 402,963 
Loss on foreign exchange  4,371 4,371 
Gain on sale of renewable assets (29,063) (29,063)
Operating income399,529 24,900 (5,175)419,254 
Interest expense(93,411)(71,598)(44,545)(209,554)
Income (loss) from long-term investments18,306 84,046 (128,809)(26,457)
Other(24,177)(9,108)(7,726)(41,011)
Earnings (loss) before income taxes$300,247 $28,240 $(186,255)$142,232 
Property, plant and equipment$7,394,151 $3,615,915 $32,380 $11,042,446 
Investments carried at fair value2,296 1,846,160  1,848,456 
Equity-method investees37,492 375,460 20,898 433,850 
Total assets10,512,799 6,123,888 149,149 16,785,836 
Capital expenditures$998,855 $338,637 $7,553 $1,345,045 
(1) Renewable Energy Group revenue includes $57,018 related to net hedging loss from energy derivative contracts and availability credits for the year ended December 31, 2021 that do not represent revenue recognized from contracts with customers.
(2) Regulated Services Group revenue includes $19,043 related to alternative revenue programs for the year ended December 31, 2021 that do not represent revenue recognized from contracts with customers.
21.Segmented information (continued)
 
Year ended December 31, 2020
 Regulated Services GroupRenewable Energy GroupCorporateTotal
Revenue (1)(2)
$1,386,048 $255,954 $— $1,642,002 
Other revenue19,088 14,444 1,457 34,989 
Fuel and power purchased384,363 16,645 — 401,008 
Net revenue1,020,773 253,753 1,457 1,275,983 
Operating expenses442,851 73,957 12 516,820 
Administrative expenses36,749 25,743 630 63,122 
Depreciation and amortization219,089 92,890 2,144 314,123 
Gain on foreign exchange— — (2,108)(2,108)
Operating income322,084 61,163 779 384,026 
Interest expense(99,161)(52,656)(30,117)(181,934)
Income from long-term investments7,753 93,998 562,987 664,738 
Other(40,128)(6,537)(27,754)(74,419)
Earnings before income taxes$190,548 $95,968 $505,895 $792,411 
Property, plant and equipment$5,757,532 $2,451,706 $32,600 $8,241,838 
Investments carried at fair value— 1,839,212 — 1,839,212 
Equity-method investees74,673 110,414 1,365 186,452 
Total assets8,528,415 4,586,878 108,856 13,224,149 
Capital expenditures$690,792 $80,746 $14,492 $786,030 
(1) Renewable Energy Group revenue includes $28,586 related to net hedging gain from energy derivative contracts for the year ended December 31, 2020 that do not represent revenue recognized from contracts with customers.
(2) Regulated Services Group revenue includes $24,928 related to alternative revenue programs for the year ended December 31, 2020 that do not represent revenue recognized from contracts with customers.
The majority of non-regulated energy sales are earned from contracts with large public utilities. The Company has sought to mitigate its credit risk by selling energy to large utilities in various North American locations. None of the utilities contribute more than 10% of total revenue.
21.Segmented information (continued)
AQN operates in the independent power and utility industries in the United States, Canada and other regions. Information on operations by geographic area is as follows:
20212020
Revenue
United States$1,801,876 $1,475,087 
Canada157,854 153,502 
Other regions325,749 48,402 
$2,285,479 $1,676,991 
Property, plant and equipment
United States$9,464,716 $6,666,015 
Canada882,454 884,195 
Other regions695,276 691,628 
$11,042,446 $8,241,838 
Intangible assets
United States$23,575 $24,825 
Canada21,780 23,123 
Other regions59,761 66,965 
$105,116 $114,913 
Revenue is attributed to the regions based on the location of the underlying generating and utility facilities.