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Information By Business Segments (Tables)

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Information by Business Segments

The following table presents information for each of the Company’s business segments (dollars in thousands):

	Avista Utilities				Alaska Electric Light and Power Company				Total Utility				Other				Intersegment Eliminations (1)				Total
For the three months ended September 30, 2019:
Operating revenues	$	274,931			$	7,790			$	282,721			$	1,049			$	—			$	283,770
Resource costs	98,397				(73		)		98,324				—				—				98,324
Other operating expenses (2)	76,749				3,363				80,112				1,450				—				81,562
Depreciation and amortization	47,631				2,421				50,052				134				—				50,186
Income (loss) from operations	28,998				1,780				30,778				(535		)		—				30,243
Interest expense (3)	24,634				1,596				26,230				149				(186		)		26,193
Income taxes	125				82				207				(338		)		—				(131		)
Net income (loss) attributable to Avista Corp. shareholders	5,966				197				6,163				(1,073		)		—				5,090
Capital expenditures (4)	118,141				2,836				120,977				920				—				121,897
For the three months ended September 30, 2018:
Operating revenues	$	279,549			$	9,570			$	289,119			$	6,894			$	—			$	296,013
Resource costs	98,461				3,058				101,519				—				—				101,519
Other operating expenses (2) (5)	76,355				3,005				79,360				7,347				—				86,707
Depreciation and amortization	44,569				1,466				46,035				207				—				46,242
Income (loss) from operations (5)	35,317				1,787				37,104				(660		)		—				36,444
Interest expense (3)	23,560				896				24,456				462				(313		)		24,605
Income taxes	2,564				188				2,752				(1,204		)		—				1,548
Net income (loss) attributable to Avista Corp. shareholders	11,935				824				12,759				(2,640		)		—				10,119
Capital expenditures (4)	108,907				4,176				113,083				257				—				113,340
For the nine months ended September 30, 2019:
Operating revenues	$	942,441			$	27,414			$	969,855			$	11,208			$	—			$	981,063
Resource costs	325,615				(1,505		)		324,110				—				—				324,110
Other operating expenses (2)	261,934				9,551				271,485				15,137				—				286,622
Depreciation and amortization	147,208				7,237				154,445				498				—				154,943
Income (loss) from operations	130,200				11,309				141,509				(4,427		)		—				137,082
Interest expense (3)	73,214				4,787				78,001				885				(823		)		78,063
Income taxes	25,722				1,825				27,547				598				—				28,145
Net income attributable to Avista Corp. shareholders	139,086				4,825				143,911				2,292				—				146,203
Capital expenditures (4)	313,747				7,218				320,965				1,104				—				322,069
For the nine months ended September 30, 2018:
Operating revenues	$	970,525			$	33,715			$	1,004,240			$	20,432			$	—			$	1,024,672
Resource costs	353,148				8,958				362,106				—				—				362,106
Other operating expenses (2)	230,342				9,049				239,391				20,714				—				260,105
Depreciation and amortization	132,022				4,397				136,419				587				—				137,006
Income (loss) from operations	174,310				10,488				184,798				(869		)		—				183,929
Interest expense (3)	71,953				2,686				74,639				1,179				(712		)		75,106
Income taxes	17,716				2,098				19,814				(2,347		)		—				17,467
Net income (loss) attributable to Avista Corp. shareholders	91,727				5,878				97,605				(7,019		)		—				90,586
Capital expenditures (4)	288,046				8,169				296,215				809				—				297,024
Total Assets:
As of September 30, 2019:	$	5,599,103			$	275,618			$	5,874,721			$	107,386			$	(17,324	)		$	5,964,783
As of December 31, 2018:	$	5,458,104			$	272,950			$	5,731,054			$	87,050			$	(35,528	)		$	5,782,576

(1) Intersegment eliminations reported as interest expense represent intercompany interest.

(2) Other operating expenses for Avista Utilities for the three and nine months ended September 30, 2019 and 2018 include merger transaction costs which are separately disclosed on the Condensed Consolidated Statements of Income.

(3) Including interest expense to affiliated trusts.

(4)

The capital expenditures for the other businesses are included in other investing activities on the Condensed Consolidated Statements of Cash Flows.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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