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12 Months Ended
Dec. 31, 2022
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, water distribution and wastewater collection, and natural gas 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 energy generation assets.
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.

 
Year ended December 31, 2022
 Regulated Services GroupRenewable Energy GroupCorporateTotal
Revenue (1)(2)
$2,328,536 $350,939 $ $2,679,475 
Other revenue55,732 28,447 1,501 85,680 
Fuel, power and water purchased824,670 41,826  866,496 
Net revenue1,559,598 337,560 1,501 1,898,659 
Operating expenses736,515 114,463 511 851,489 
Administrative expenses46,484 26,424 7,324 80,232 
Depreciation and amortization317,300 137,203 1,017 455,520 
Asset impairment expense 159,568  159,568 
Loss on foreign exchange  13,833 13,833 
459,299 (100,098)(21,184)338,017 
Gain on sale of renewable assets 64,028  64,028 
Operating income (loss)459,299 (36,070)(21,184)402,045 
Interest expense(113,482)(64,285)(100,807)(278,574)
Income (loss) from long-term investments21,884 15,254 (502,344)(465,206)
Other(14,765)(570)(12,598)(27,933)
Earnings (loss) before income taxes$352,936 $(85,671)$(636,933)$(369,668)
Property, plant and equipment$8,554,938 $3,360,687 $29,260 $11,944,885 
Investments carried at fair value1,984 1,342,223  1,344,207 
Equity-method investees56,199 310,103 15,500 381,802 
Total assets12,109,575 5,251,933 266,105 17,627,613 
Capital expenditures$908,676 $180,348 $ $1,089,024 
(1) Renewable Energy Group revenue includes $63,717 related to net hedging loss from energy derivative contracts and availability credits for the year ended December 31, 2022 that do not represent revenue recognized from contracts with customers.
(2) Regulated Services Group revenue includes $21,640 related to alternative revenue programs for the year ended December 31, 2022 that do not represent revenue recognized from contracts with customers.
21.Segmented information (continued)
 
Year ended December 31, 2021
 Regulated Services GroupRenewable Energy GroupCorporateTotal
Revenue (1)(2)
$1,944,171 $256,633 $— $2,200,804 
Other revenue53,441 18,339 1,558 73,338 
Fuel and power purchased682,602 31,313 — 713,915 
Net revenue1,315,010 243,659 1,558 1,560,227 
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 
399,529 (10,315)(5,175)384,039 
Gain on sale of renewable assets— 29,063 — 29,063 
Operating income (loss)399,529 18,748 (5,175)413,102 
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)(2,956)(7,726)(34,859)
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 assets10,524,466 6,123,888 149,149 16,797,503 
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 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.
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.
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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:
20222021
Revenue
United States$2,232,959 $1,790,539 
Canada175,005 157,854 
Other regions357,191 325,749 
$2,765,155 $2,274,142 
Property, plant and equipment
United States$10,351,736 $9,464,716 
Canada848,560 882,454 
Other regions744,589 695,276 
$11,944,885 $11,042,446 
Intangible assets
United States$18,818 $23,575 
Canada19,038 21,780 
Other regions58,827 59,761 
$96,683 $105,116 
Revenue is attributed to the regions based on the location of the underlying generating and utility facilities.