XML 33 R24.htm IDEA: XBRL DOCUMENT v3.23.2
Business Segment Information
 6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Business Segment Information BUSINESS SEGMENT INFORMATION
Our reportable segments for the three and six months ended June 30, 2023 were U.S. Regions, U.S. Federal, Canada, Alternative Fuels and All Other.
Our U.S. Regions, U.S. Federal and Canada segments offer energy efficiency products and services which include the design, engineering and installation of equipment and other measures to improve the efficiency and control the operation of a facility’s energy infrastructure, renewable energy solutions and services and the development and construction of small-scale plants that Ameresco owns or develops for customers that produce electricity, gas, heat or cooling from renewable sources of energy and O&M services.
Our Alternative Fuels segment sells electricity and processed renewable natural gas (“RNG”) derived from biomethane from small-scale plants that we own and operate, and provides O&M services for customer-owned small-scale RNG plants.
The “All Other” category includes enterprise energy management services, other than the U.S.-based portion; consulting services, energy efficiency products and services outside of the U.S. and Canada; and the sale of solar PV energy products and systems which we refer to as integrated-PV.
These segments do not include results of other activities, such as corporate operating expenses not specifically allocated to the segments. Certain reportable segments are an aggregation of operating segments.
The tables below present our business segment information recast for the prior-year period and a reconciliation to the condensed consolidated financial statements:
U.S. RegionsU.S. FederalCanadaAlternative FuelsAll OtherTotal Consolidated
Three Months Ended June 30, 2023
Revenues$138,985 $80,019 $15,195 $30,316 $62,559 $327,074 
(Gain) loss on derivatives(125)66 39 (404)— (424)
Interest expense, net of interest income1,715 288 182 3,436 630 6,251 
Depreciation and amortization of intangible assets6,704 1,234 409 6,205 1,037 15,589 
Unallocated corporate activity— — — — — (17,131)
Income before taxes, excluding unallocated corporate activity10,284 8,887 1,189 3,110 2,079 25,549 
U.S. RegionsU.S. FederalCanadaAlternative FuelsAll OtherTotal Consolidated
Three Months Ended June 30, 2022
Revenues$397,385 $101,428 $14,461 $29,192 $34,931 $577,397 
(Gain) loss on derivatives(261)— 45 (851)— (1,067)
Interest expense, net of interest income1,883 315 313 2,193 (18)4,686 
Depreciation and amortization of intangible assets5,298 1,213 430 5,651 259 12,851 
Unallocated corporate activity— — — — — (17,673)
Income before taxes, excluding unallocated corporate activity32,840 12,011 1,012 6,476 3,139 55,478 
U.S. RegionsU.S. FederalCanadaAlternative FuelsAll OtherTotal Consolidated
Six months ended June 30, 2023
Revenues$263,354 $139,575 $33,606 $58,655 $102,926 $598,116 
(Gain) loss on derivatives(428)4 47 116 — (261)
Interest expense, net of interest income3,118 586 364 5,787 749 10,604 
Depreciation and amortization of intangible assets12,753 2,459 814 12,073 1,341 29,440 
Unallocated corporate activity— — — — — (35,974)
Income before taxes, excluding unallocated corporate activity18,240 14,099 1,921 6,625 4,561 45,446 
U.S. RegionsU.S. FederalCanadaAlternative FuelsAll OtherTotal Consolidated
Six Months Ended June 30, 2022
Revenues$711,905 $177,074 $31,633 $58,453 $72,334 $1,051,399 
(Gain) loss on derivatives(34)— 96 493 — 555 
Interest expense, net of interest income3,525 621 535 3,983 (25)8,639 
Depreciation and amortization of intangible assets10,576 2,458 877 11,067 530 25,508 
Unallocated corporate activity— — — — — (33,582)
Income before taxes, excluding unallocated corporate activity51,058 20,897 1,291 13,898 5,848 92,992 
See Note 3 for additional information about our revenues by product line.