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Assets held for sale (Tables)
 12 Months Ended
Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations
The following table presents the carrying values of the major classes of assets held for sale and liabilities associated with assets held for sale included in AQN’s consolidated balance sheets:
(thousands of U.S. dollars)December 31,December 31,
20242023
ASSETS HELD FOR SALE
Current assets
Cash and cash equivalents
$56,673 $31,091 
Trade and other receivables, net
85,386 122,754 
Supplies and consumables inventory4,201 4,726 
Prepaid expenses
8,622 16,140 
Derivatives instruments
4,310 5,336 
Other assets
7,321 7,261 
166,513 187,308 
Non-current assets
Property, plant and equipment, net
3,219,776 3,390,677 
Intangible assets, net
15,644 21,474 
Long-term investments
Long-term investment carried at fair value
— 88,676 
Other long-term investments277,634 474,211 
Derivative instruments
3,611 3,122 
Deferred income taxes
— 6,907 
Other assets
12,458 14,590 
3,529,123 3,999,657 
Total assets held for sale
3,695,636 4,186,965 
LIABILITIES ASSOCIATED WITH ASSETS HELD FOR SALE
Current liabilities
Accounts payable
$23,048 $30,005 
Accrued liabilities
106,733 74,181 
Other long-term liabilities756 1,068 
Derivative instruments
22,424 14,206 
152,961 119,460 
Non-current liabilities
Long-term debt (a)
1,348,727 1,015,875 
Deferred income taxes
— 12,638 
Derivative instruments
98,513 69,990 
Pension and other post-employment benefits obligation228 157 
Other long-term liabilities
126,866 155,655 
1,574,334 1,254,315 
Total liabilities associated with assets held for sale$1,727,295 $1,373,775 
The following table presents the results of the discontinued operations, which are included in loss from discontinued operations, net of tax in AQN’s consolidated statements of operations:

(thousands of U.S. dollars)Years ended December 31
20242023
Revenue
Non-regulated energy sales$276,083 $261,992 
Other revenue
63,647 32,099 
339,730 294,091 
Operating expenses
192,942 146,902 
Non-regulated energy purchased
5,419 18,969 
Depreciation and amortization
80,992 112,917 
Asset impairment charge
— 22,011 
Loss (gain) on foreign exchange
12,485 (5,300)
$291,838 295,499 
Operating income (loss) from discontinued operations
47,892 (1,408)
Interest expense
(55,369)(45,216)
Income (loss) from long-term investments
(89,913)371 
Loss on derivative financial instruments
(130,665)— 
Loss on classification as held for sale
(1,357,343)— 
Other net losses
(49,164)(11,183)
Pension and other post-employment non-service costs
(61)(54)
Loss before income taxes(1,634,623)(57,490)
Income tax recovery128,347 49,245 
Loss from discontinued operations(1,506,276)(8,245)
Add: Net loss attributable to non-controlling interest
$60,456 $51,362 
Net income (loss) from discontinued operations attributable to AQN
$(1,445,820)$43,117 
The following table summarizes AQN’s cash flows from discontinued operations.
Years ended December 31
20242023
Cash flows provided by (used in)
Operating activities (1)
$121,295 $128,464 
Investing activities
(196,028)(225,108)
(1) For the year ended December 31, 2024, operating activities include net changes in non-cash operating items of $13,912 (2023 - $(779)).
Long-term debt classified as held for sale consists of the following:
Borrowing typeWeighted average couponMaturityPar valueDecember 31,December 31,
20242023
Senior unsecured revolving credit facilities— 2027N/A$180,712 $262,609 
U.S. dollar borrowings
Senior secured project notes5.75 %
2025
$475,032 475,148 — 
Canadian dollar borrowings
Senior unsecured notes (i)(ii)3.75 %2027-2031C$1,000,000 692,832 753,266 
$1,348,692 $1,015,875