XML 20 R2.htm IDEA: XBRL DOCUMENT v3.23.2
Unaudited Interim Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue        
Other revenue $ 627,871 $ 619,385 $ 1,406,498 $ 1,352,622
Expenses        
Administrative expenses 25,692 20,107 43,525 37,559
Depreciation and amortization 118,448 112,547 240,089 232,511
Loss on foreign exchange 6,379 4,464 7,815 4,726
Costs and expenses, total 534,157 512,350 1,170,310 1,109,541
Gain on sale of renewable assets 0 0 0 1,200
Operating income 93,714 107,035 236,188 244,281
Interest expense (note 7) (89,663) (64,573) (171,581) (122,516)
Loss from long-term investments (note 6) (277,696) (113,380) (57,684) (124,069)
Other net losses (note 16) (40,367) (8,652) (43,829) (13,382)
Pension and other post-employment non-service costs (note 8) (5,306) (2,258) (10,267) (4,836)
Gain (loss) on derivative financial instruments (note 21(b)(iv)) 1,039 (3,313) 3,205 (2,569)
Loss before income taxes (318,279) (85,141) (43,968) (23,091)
Income tax recovery (note 15)        
Current (6,300) (3,409) (12,800) (9,713)
Deferred 62,258 26,228 44,057 23,080
Income tax expense 55,958 22,819 31,257 13,367
Net loss (262,321) (62,322) (12,711) (9,724)
Non-controlling interests 15,439 32,021 42,018 72,963
Non-controlling interests held by related party (6,349) (3,086) (12,399) (5,661)
Net effect of non-controlling interests 9,090 28,935 29,619 67,302
Net earnings (loss) attributable to shareholders of Algonquin Power & Utilities Corp. (253,231) (33,387) 16,908 57,578
Preferred shares, Series A and preferred shares, Series D dividend (note 12) 2,080 2,220 4,172 4,440
Net earnings (loss) attributable to common shareholders of Algonquin Power & Utilities Corp. basic (in shares) (255,311) (35,607) 12,736 53,138
Net earnings (loss) attributable to common shareholders of Algonquin Power & Utilities Corp. - diluted (in shares) $ (255,311) $ (35,607) $ 12,736 $ 53,138
Basic net earnings (loss) per share (USD per share) $ (0.37) $ (0.05) $ 0.02 $ 0.08
Diluted net earnings (loss) per share (USD per share) $ (0.37) $ (0.05) $ 0.02 $ 0.08
Regulated electricity distribution        
Revenue        
Other revenue $ 326,833 $ 295,558 $ 642,435 $ 576,252
Expenses        
Expenses 98,337 104,125 223,917 203,308
Regulated natural gas distribution        
Revenue        
Other revenue 109,539 121,911 380,677 385,345
Expenses        
Expenses 36,180 51,802 173,881 184,368
Regulated water reclamation and distribution        
Revenue        
Other revenue 95,861 89,626 183,282 168,257
Expenses        
Expenses 3,857 3,329 7,726 6,152
Non-regulated energy sales        
Revenue        
Other revenue 71,694 92,141 150,410 177,901
Expenses        
Expenses 3,782 9,646 11,588 22,585
Other revenue        
Revenue        
Other revenue 23,944 20,149 49,694 44,867
Operating expenses        
Expenses        
Expenses $ 241,482 $ 206,330 $ 461,769 $ 418,332