v3.24.2.u1

Financial information by segment (Tables) | 6 Months Ended
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Jun. 30, 2024
Financial information by segment [Abstract] |
Revenues and Adjusted EBITDA, assets and liabilities by operating segments and business sectors |
a) | The following tables show Revenue and Adjusted EBITDA by operating segment and business sector for the six-month periods ended June 30, 2024 and 2023:
|  | Revenue |  |  | Adjusted EBITDA |
|  | For the six-month period ended June 30, |  |  | For the six-month period ended June 30, |
|  | ($ in thousands) |
Geography |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
North America |  |  | 223,027 |  |  |  | 202,171 |  |  |  | 164,079 |  |  |  | 154,038 |
South America |  |  | 92,936 |  |  |  | 91,513 |  |  |  | 71,325 |  |  |  | 74,428 |
EMEA |  |  | 255,232 |  |  |  | 260,935 |  |  |  | 171,930 |  |  |  | 175,362 |
Total |  |  | 571,195 |  |  |  | 554,619 |  |  |  | 407,334 |  |  |  | 403,828 |
|  | Revenue |  |  | Adjusted EBITDA |
|  | For the six-month period ended June 30, |  |  | For the six-month period ended June 30, |
|  | ($ in thousands) |
Business sectors |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Renewable energy |  |  | 409,682 |  |  |  | 411,210 |  |  |  | 286,492 |  |  |  | 292,570 |
Efficient natural gas & heat |  |  | 71,580 |  |  |  | 54,810 |  |  |  | 53,767 |  |  |  | 44,006 |
Transmission lines |  |  | 61,544 |  |  |  | 60,998 |  |  |  | 49,533 |  |  |  | 49,250 |
Water |  |  | 28,389 |  |  |  | 27,601 |  |  |  | 17,542 |  |  |  | 18,002 |
Total |  |  | 571,195 |  |  |  | 554,619 |  |  |  | 407,334 |  |  |  | 403,828 |
The reconciliation of segment Adjusted EBITDA with the profit attributable to the Company is as follows:
|  | For the six-month period ended June 30, ($ in thousands) |
|  | 2024 |  |  | 2023 |
Profit attributable to the Company |  |  | 16,033 |  |  |  | 24,661 |
Profit attributable to non-controlling interest |  |  | 6,240 |  |  |  | 6,130 |
Income tax |  |  | 3,942 |  |  |  | (2,168 | )
Financial expense, net |  |  | 166,330 |  |  |  | 159,387 |
Depreciation, amortization, and impairment charges |  |  | 210,217 |  |  |  | 207,118 |
Depreciation and amortization, financial expense and income tax expense of unconsolidated affiliates (pro rata of Atlantica’s equity ownership) |  |  | 4,572 |  |  |  | 8,700 |
Total segment Adjusted EBITDA |  |  | 407,334 |  |  |  | 403,828 |
Assets and liabilities by geography |
b) | The assets and liabilities by operating segment and business sector as of June 30, 2024, and December 31, 2023 are as follows:
Assets and liabilities by geography as of June 30, 2024:
|  | North America |  |  | South America |  |  | EMEA |  |  | Balance as of June 30, 2024 |
|  | ($ in thousands) |
Assets allocated |  |  |  |  |  |  |  |  |  |  |  |
Contracted concessional, PP&E and other intangible assets |  |  | 3,047,576 |  |  |  | 1,162,965 |  |  |  | 2,854,591 |  |  |  | 7,065,132 |
Investments carried under the equity method |  |  | 165,479 |  |  |  | 9,134 |  |  |  | 46,945 |  |  |  | 221,558 |
Other current financial assets |  |  | 117,646 |  |  |  | 31,168 |  |  |  | 45,413 |  |  |  | 194,227 |
Cash and cash equivalents (project companies) |  |  | 122,934 |  |  |  | 101,022 |  |  |  | 111,045 |  |  |  | 335,001 |
Subtotal allocated |  |  | 3,453,635 |  |  |  | 1,304,289 |  |  |  | 3,057,994 |  |  |  | 7,815,918 |
Unallocated assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other non-current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 329,483 |
Other current assets (including cash and cash equivalents at holding company level) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 390,854 |
Subtotal unallocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 720,337 |
Total assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 8,536,255 |
|  | North America |  |  | South America |  |  | EMEA |  |  | Balance as of June 30, 2024 |
|  | ($ in thousands) |
Liabilities allocated |  |  |  |  |  |  |  |  |  |  |  |
Long-term and short-term project debt |  |  | 1,599,378 |  |  |  | 792,420 |  |  |  | 1,772,126 |  |  |  | 4,163,924 |
Grants and other liabilities |  |  | 919,387 |  |  |  | 35,515 |  |  |  | 206,938 |  |  |  | 1,161,840 |
Subtotal allocated |  |  | 2,518,765 |  |  |  | 827,935 |  |  |  | 1,979,064 |  |  |  | 5,325,764 |
Unallocated liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term and short-term corporate debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,192,107 |
Other non-current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 304,722 |
Other current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 216,090 |
Subtotal unallocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,712,919 |
Total liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 7,038,683 |
Equity unallocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,497,572 |
Total liabilities and equity unallocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,210,491 |
Total liabilities and equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 8,536,255 |
Assets and liabilities by geography as of December 31, 2023:
|  | North America |  |  | South America |  |  | EMEA |  |  | Balance as of December 31, 2023 |
Assets allocated |  |  |  |  |  |  |  |  |  |  |  |
Contracted concessional, PP&E and other intangible assets |  |  | 3,063,019 |  |  |  | 1,184,599 |  |  |  | 2,956,649 |  |  |  | 7,204,267 |
Investments carried under the equity method |  |  | 177,260 |  |  |  | 9,178 |  |  |  | 43,869 |  |  |  | 230,307 |
Other current financial assets |  |  | 110,016 |  |  |  | 30,803 |  |  |  | 48,067 |  |  |  | 188,886 |
Cash and cash equivalents (project companies) |  |  | 137,480 |  |  |  | 121,945 |  |  |  | 155,551 |  |  |  | 414,976 |
Assets held for sale |  |  | 28,642 |  |  |  | - |  |  |  | - |  |  |  | 28,642 |
Subtotal allocated |  |  | 3,516,417 |  |  |  | 1,346,525 |  |  |  | 3,204,136 |  |  |  | 8,067,078 |
Unallocated assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other non-current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 297,577 |
Other current assets (including cash and cash equivalents at holding company level) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 349,678 |
Subtotal unallocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 647,255 |
Total assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 8,714,333 |
|  | North America |  |  | South America |  |  | EMEA |  |  | Balance as of December 31, 2023 |
Liabilities allocated |  |  |  |  |  |  |  |  |  |  |  |
Long-term and short-term project debt |  |  | 1,629,278 |  |  |  | 808,481 |  |  |  | 1,881,501 |  |  |  | 4,319,260 |
Grants and other liabilities |  |  | 945,888 |  |  |  | 36,307 |  |  |  | 251,613 |  |  |  | 1,233,808 |
Subtotal allocated |  |  | 2,575,166 |  |  |  | 844,788 |  |  |  | 2,133,114 |  |  |  | 5,553,068 |
Unallocated liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term and short-term corporate debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,084,838 |
Other non-current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 301,245 |
Other current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 186,373 |
Subtotal unallocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,572,456 |
Total liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 7,125,524 |
Equity unallocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,588,809 |
Total liabilities and equity unallocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,161,265 |
Total liabilities and equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 8,714,333 |
Assets and liabilities by business sector | Assets and liabilities by business sector as of June 30, 2024:
|  | Renewable energy |  |  | Efficient natural gas & heat |  |  | Transmission lines |  |  | Water |  |  | Balance as of June 30, 2024 |
|  | ($ in thousands) |
Assets allocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contracted concessional assets, PP&E and other intangible assets |  |  | 5,693,192 |  |  |  | 441,891 |  |  |  | 764,213 |  |  |  | 165,836 |  |  |  | 7,065,132 |
Investments carried under the equity method |  |  | 178,367 |  |  |  | - |  |  |  | - |  |  |  | 43,191 |  |  |  | 221,558 |
Other current financial assets |  |  | 8,582 |  |  |  | 112,074 |  |  |  | 31,082 |  |  |  | 42,489 |  |  |  | 194,227 |
Cash and cash equivalents (project companies) |  |  | 235,837 |  |  |  | 19,553 |  |  |  | 51,856 |  |  |  | 27,755 |  |  |  | 335,001 |
Subtotal allocated |  |  | 6,115,978 |  |  |  | 573,518 |  |  |  | 847,151 |  |  |  | 279,271 |  |  |  | 7,815,918 |
Unallocated assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other non-current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 329,483 |
Other current assets (including cash and cash equivalents at holding company level) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 390,854 |
Subtotal unallocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 720,337 |
Total assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 8,536,255 |
|  | Renewable energy |  |  | Efficient natural gas & Heat |  |  | Transmission lines |  |  | Water |  |  | Balance as of June 30, 2024 |
Liabilities allocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term and short-term project debt |  |  | 3,162,041 |  |  |  | 383,424 |  |  |  | 549,889 |  |  |  | 68,570 |  |  |  | 4,163,924 |
Grants and other liabilities |  |  | 1,113,131 |  |  |  | 33,329 |  |  |  | 12,884 |  |  |  | 2,496 |  |  |  | 1,161,840 |
Subtotal allocated |  |  | 4,275,172 |  |  |  | 416,753 |  |  |  | 562,773 |  |  |  | 71,066 |  |  |  | 5,325,764 |
Unallocated liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term and short-term corporate debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,192,107 |
Other non-current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 304,722 |
Other current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 216,090 |
Subtotal unallocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,712,919 |
Total liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 7,038,683 |
Equity unallocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,497,572 |
Total liabilities and equity unallocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,210,491 |
Total liabilities and equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 8,536,255 |
Assets and liabilities by business sector as of December 31, 2023:
|  | Renewable energy |  |  | Efficient natural gas & heat |  |  | Transmission lines |  |  | Water |  |  | Balance as of December 31, 2023 |
Assets allocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contracted concessional, PP&E and other intangible assets |  |  | 5,798,818 |  |  |  | 460,766 |  |  |  | 777,360 |  |  |  | 167,323 |  |  |  | 7,204,267 |
Investments carried under the equity method |  |  | 189,672 |  |  |  | - |  |  |  | - |  |  |  | 40,635 |  |  |  | 230,307 |
Other current financial assets |  |  | 10,866 |  |  |  | 103,907 |  |  |  | 30,746 |  |  |  | 43,367 |  |  |  | 188,886 |
Cash and cash equivalents (project companies) |  |  | 299,987 |  |  |  | 35,098 |  |  |  | 58,004 |  |  |  | 21,887 |  |  |  | 414,976 |
Assets held for sale |  |  | - |  |  |  | 28,642 |  |  |  | - |  |  |  | - |  |  |  | 28,642 |
Subtotal allocated |  |  | 6,299,343 |  |  |  | 628,413 |  |  |  | 866,110 |  |  |  | 273,212 |  |  |  | 8,067,078 |
Unallocated assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other non-current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 297,577 |
Other current assets (including cash and cash equivalents at holding company level) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 349,678 |
Subtotal unallocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 647,255 |
Total assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 8,714,333 |
|  | Renewable energy |  |  | Efficient natural gas & heat |  |  | Transmission lines |  |  | Water |  |  | Balance as of December 31, 2023 |
Liabilities allocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term and short-term project debt |  |  | 3,280,618 |  |  |  | 401,460 |  |  |  | 560,906 |  |  |  | 76,276 |  |  |  | 4,319,260 |
Grants and other liabilities |  |  | 1,185,487 |  |  |  | 32,916 |  |  |  | 12,884 |  |  |  | 2,521 |  |  |  | 1,233,808 |
Subtotal allocated |  |  | 4,466,105 |  |  |  | 434,376 |  |  |  | 573,790 |  |  |  | 78,797 |  |  |  | 5,553,068 |
Unallocated liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term and short-term corporate debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,084,838 |
Other non-current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 301,245 |
Other current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 186,373 |
Subtotal unallocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,572,456 |
Total liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 7,125,524 |
Equity unallocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,588,809 |
Total liabilities and equity unallocated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,161,265 |
Total liabilities and equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 8,714,333 |
Depreciation, amortization and impairment charges recognized |
c) | The amount of depreciation, amortization and impairment charges recognized for the six-month periods ended June 30, 2024 and 2023 are as follows:
|  | For the six-month period ended June 30, |
Depreciation, amortization and impairment by geography |  | 2024 |  |  | 2023 |
|  | ($ in thousands) |
North America |  |  | (68,899 | ) |  |  | (70,634 | )
South America |  |  | (32,731 | ) |  |  | (30,014 | )
EMEA |  |  | (108,587 | ) |  |  | (106,470 | )
Total |  |  | (210,217 | ) |  |  | (207,118 | )
|  | For the six-month period ended June 30, |
Depreciation, amortization and impairment by business sectors |  | 2024 |  |  | 2023 |
|  | ($ in thousands) |
Renewable energy |  |  | (195,581 | ) |  |  | (189,792 | )
Efficient natural gas & heat |  |  | 57 |  |  |  | (3,770 | )
Transmission lines |  |  | (15,370 | ) |  |  | (14,079 | )
Water |  |  | 677 |  |  |  | 523 |
Total |  |  | (210,217 | ) |  |  | (207,118 | )

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