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Income Statement

 2014 Y2015 Y2016 Y2017 Y2018 Q3 YTD
Source Document12/31/201512/31/201612/31/201712/31/20179/30/2018
(in thousands)     
Regulated electricity distribution 204,721224,110228,097989,221637,988
Regulated gas distribution 446,025463,651405,735493,208304,033
Regulated water reclamation and distribution 66,41978,467181,655181,85198,059
Non-regulated energy sales 202,300222,581243,149282,558173,077
Other revenue 22,14939,04637,38230,97114,374
Total 941,6141,027,8551,096,0181,977,8091,227,531
Operating expenses 234,038279,406333,001598,658360,189
Regulated electricity purchased 120,506131,647119,825288,183201,768
Regulated gas purchased 261,116217,236142,003184,523123,994
Regulated water purchased NA012,22712,3106,718
Non-regulated energy purchased 39,26427,99021,26025,38420,701
Administrative expenses 34,69239,83046,34964,46637,689
Depreciation and amortization 114,047149,806186,899326,447196,925
Loss (gain) on foreign exchange (1,112)(2,631)(436)373(797)
Total 802,551843,284861,1281,500,344947,187
Operating income 139,063184,571234,890477,465280,344
Interest expense on long-term debt and others 62,41865,99373,962184,993111,834
Interest expense on convertible debentures and amortization of acquisition financing NA057,63017,6380
Change in value of investment carried at fair value NANANANA91,949
Interest, dividend, equity and other income (7,758)(9,095)(10,573)(11,989)(32,981)
Pension and post-employment non-service costs NANANANA2,520
Other losses (gains) 0(5,110)(11,818)632392
Acquisition-related costs 2,5521,83212,02862,7779,569
Loss (gain) on long-lived assets, net 8,0272,890NANANA
Loss (gain) on derivative financial instruments 1,375(2,188)(15,849)(2,626)920
Total 66,61454,322105,380251,425184,203
Earnings from continuing operations before income taxes 72,449130,249NANANA
Earnings before income taxes NANA129,510226,04096,141
Income tax expense 
Current 3,6747,3108,4619,9088,602
Deferred 13,13336,40328,67585,28642,014
Total 16,80743,71337,13695,19450,616
Earnings from continuing operations 55,64286,536NANANA
Loss from discontinued operations, net of tax (2,127)(1,032)NANANA
Net earnings 53,51585,50492,374130,84645,525
Net effect of non-controlling interests (22,186)(31,976)38,55062,24895,465
Net earnings attributable to shareholders of Algonquin Power & Utilities Corp. 75,701117,480130,924193,094140,990
Series A and D Preferred shares dividend 9,50310,40010,40010,4006,059
Net earnings attributable to common shareholders of Algonquin Power & Utilities Corp. 66,198107,080120,524182,694134,931
Basic net earnings per share from continuing operations 0.320.43NANANA
Basic net earnings per share 0.310.420.440.480.3
Diluted net earnings per share from continuing operations 0.320.42NANANA
Diluted net earnings per share 0.310.420.440.470.29
Consolidated Statements of Comprehensive Income 
Net earnings 53,51585,50492,374130,84645,525
Other comprehensive income (loss) 
Foreign currency translation adjustment, net of tax recovery 104,183289,035(67,855)(256,067)(3,854)
Change in fair value of cash flow hedges, net of tax expense 2,79916,16526,7541,9092,814
Change in value of available-for-sale investments 1(73)213(141)0
Change in pension and other post-employment benefits, net of tax recovery (35,669)7,5712,252525(358)
Other comprehensive income (loss), net of tax 71,314312,698(38,636)(253,774)(1,398)
Comprehensive income 124,829398,20253,738(122,928)44,127
Comprehensive loss attributable to the non-controlling interests 7,07728,198(45,376)(117,915)NA
Comprehensive net effect of non-controlling interests NANANANA(95,800)
Comprehensive income attributable to shareholders of Algonquin Power & Utilities Corp. 117,752370,00499,114(5,013)139,927

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.