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Income Statement

 2013 Y2014 Y2015 Y2016 Y
Source Document12/31/201412/31/201512/31/201612/31/2016
(in thousands)    
Regulated electricity distribution 166,156204,721224,110228,097
Regulated gas distribution 260,424446,025463,651405,735
Regulated water reclamation and distribution 57,35066,41978,467181,655
Non-regulated energy sales 180,191202,300222,581243,149
Other revenue 11,17022,14939,04637,382
Total 675,291941,6141,027,8551,096,018
Operating expenses 180,346234,038279,406333,001
Regulated electricity purchased 97,376120,506131,647119,825
Regulated gas purchased 148,784261,116217,236142,003
Regulated water purchased NANA012,227
Non-regulated energy purchased 25,83539,26427,99021,260
Administrative expenses 23,51834,69239,83046,349
Depreciation of property, plant and equipment 91,978NANANA
Amortization of intangible assets 4,200NANANA
Other amortization (159)NANANA
Depreciation and amortization NA114,047149,806186,899
Gain on foreign exchange (567)(1,112)(2,631)(436)
Total 571,311802,551843,284861,128
Operating income from continuing operations 103,980139,063184,571234,890
Interest expense on convertible debentures and acquisition financing NANA057,630
Interest expense on long-term debt and others 53,42662,41865,99373,962
Interest, dividend, equity and other income (7,785)(7,758)(9,095)(10,573)
Loss (gain) on sale of assets 750NANANA
Other gains NA0(5,110)(8,555)
Acquisition-related costs 2,1402,5521,83212,028
Loss (gain) on long-lived assets, net 08,0272,890(3,263)
Gain on derivative financial instruments (5,200)1,375(2,188)(15,849)
Total 43,33166,61454,322105,380
Earnings from continuing operations before income taxes 60,64972,449130,249129,510
Income tax expense 
Current 2,5263,6747,3108,461
Deferred 6,62913,13336,40328,675
Total 9,15516,80743,71337,136
Earnings from continuing operations 51,49455,64286,53692,374
Loss from discontinued operations, net of tax (42,011)(2,127)(1,032)0
Net earnings 9,48353,51585,50492,374
Net effect of non-controlling interests (10,813)(22,186)(31,976)(38,550)
Net earnings attributable to shareholders of Algonquin Power & Utilities Corp. 20,29675,701117,480130,924
Series A and D Preferred shares dividend NA9,50310,40010,400
Net earnings attributable to common shareholders of Algonquin Power & Utilities Corp. NA66,198107,080120,524
Basic net earnings per share from continuing operations 0.280.320.430.44
Basic net loss per share from discontinued operations (0.21)NANANA
Basic net earnings per share 0.070.310.420.44
Diluted net earnings per share from continuing operations 0.280.320.420.44
Diluted net loss per share from discontinued operations (0.2)NANANA
Diluted net earnings per share 0.070.310.420.44
Consolidated Statements of Comprehensive Income 
Net earnings 9,48353,51585,50492,374
Other comprehensive income 
Foreign currency translation adjustment, net of tax recovery 81,597104,183289,035(67,855)
Change in fair value of cash flow hedges, net of tax expense 17,3082,79916,16526,754
Change in unrealized appreciation in value of available-for-sale investments 01(73)213
Change in pension and other post-employment benefits, net of tax expense 16,727(35,669)7,5712,252
Other comprehensive (loss) income, net of tax 115,63271,314312,698(38,636)
Comprehensive income 125,115124,829398,20253,738
Comprehensive (loss) income attributable to the non-controlling interests 31,3627,07728,198(45,376)
Comprehensive income attributable to shareholders of Algonquin Power & Utilities Corp. 93,753117,752370,00499,114

Data shown on this page is extracted directly from the company’s documents. SNL makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, SNL, as always, stands by its commitment to the quality of the data.