SELECTED QUARTERLY FINANCIAL DATA (Unaudited)

The Company’s energy operations are significantly affected by weather conditions. Consequently, there can be large variances in revenues, expenses and net income between quarters based on seasonal factors such as, but not limited to, temperatures and streamflow conditions, including the impact on electric and natural gas commodity prices.

A summary of quarterly operations (in thousands, except per share amounts) for 2017 and 2016 follows:



	Three Months Ended
	March 31			June 30		September 30			December 31
2017
Operating revenues	$	436,470		$	314,501	$	297,096		$	397,862
Operating expenses	321,084			258,404		266,054			315,878
Income from operations	$	115,386		$	56,097	$	31,042		$	81,984
Net income	62,137			21,722		4,458			27,615
Net loss (income) attributable to noncontrolling interests	(21		)	49		(7		)	(37		)
Net income attributable to Avista Corporation shareholders	$	62,116		$	21,771	$	4,451		$	27,578
Outstanding common stock:
weighted-average, basic	64,362			64,401		64,412			64,809
weighted-average, diluted	64,469			64,553		64,892			65,308
Earnings per common share attributable to Avista Corp. shareholders, diluted	$	0.96		$	0.34	$	0.07		$	0.42



	Three Months Ended
	March 31			June 30			September 30			December 31
2016
Operating revenues from continuing operations	$	418,173		$	318,838		$	303,349		$	402,123
Operating expenses from continuing operations	312,088			257,247			263,755			319,590
Income from continuing operations	$	106,085		$	61,591		$	39,594		$	82,533
Net income	57,665			27,287			12,261			40,103
Net income attributable to noncontrolling interests	(16		)	(33		)	(27		)	(12		)
Net income attributable to Avista Corporation shareholders	$	57,649		$	27,254		$	12,234		$	40,091
Outstanding common stock:
weighted-average, basic	62,605			63,386			63,857			64,185
weighted-average, diluted	62,907			63,783			64,325			64,620
Earnings per common share attributable to Avista Corp. shareholders, diluted	$	0.92		$	0.43		$	0.19		$	0.62