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Income Statement

 2014 Y2015 Y2016 Y2017 Y
Source Document12/31/201512/31/201612/31/201712/31/2017
(in thousands)    
Regulated electricity distribution 204,721224,110228,097989,221
Regulated gas distribution 446,025463,651405,735493,208
Regulated water reclamation and distribution 66,41978,467181,655181,851
Non-regulated energy sales 202,300222,581243,149282,558
Other revenue 22,14939,04637,38230,971
Total 941,6141,027,8551,096,0181,977,809
Operating expenses 234,038279,406333,001598,658
Regulated electricity purchased 120,506131,647119,825288,183
Regulated gas purchased 261,116217,236142,003184,523
Regulated water purchased NA012,22712,310
Non-regulated energy purchased 39,26427,99021,26025,384
Administrative expenses 34,69239,83046,34964,466
Depreciation and amortization 114,047149,806186,899326,447
Loss (gain) on foreign exchange (1,112)(2,631)(436)373
Total 802,551843,284861,1281,500,344
Operating income 139,063184,571234,890477,465
Interest expense on long-term debt and others 62,41865,99373,962184,993
Interest expense on convertible debentures and amortization of acquisition financing NA057,63017,638
Interest, dividend, equity and other income (7,758)(9,095)(10,573)(11,989)
Other losses (gains) ) 0(5,110)(11,818)632
Acquisition-related costs 2,5521,83212,02862,777
Loss (gain) on long-lived assets, net 8,0272,890NANA
Gain on derivative financial instruments 1,375(2,188)(15,849)(2,626)
Total 66,61454,322105,380251,425
Earnings before income taxes NANA129,510226,040
Income tax expense 
Current 3,6747,3108,4619,908
Deferred 13,13336,40328,67585,286
Total 16,80743,71337,13695,194
Earnings from continuing operations 55,64286,536NANA
Loss from discontinued operations, net of tax (2,127)(1,032)NANA
Net earnings 53,51585,50492,374130,846
Net effect of non-controlling interests (22,186)(31,976)38,55062,248
Net earnings attributable to shareholders of Algonquin Power & Utilities Corp. 75,701117,480130,924193,094
Series A and D Preferred shares dividend 9,50310,40010,40010,400
Net earnings attributable to common shareholders of Algonquin Power & Utilities Corp. 66,198107,080120,524182,694
Basic net earnings per share from continuing operations 0.320.43NANA
Basic net earnings per share 0.310.420.440.48
Diluted net earnings per share from continuing operations 0.320.42NANA
Diluted net earnings per share 0.310.420.440.47
Consolidated Statements of Comprehensive Income 
Net earnings 53,51585,50492,374130,846
Other comprehensive income (loss) 
Foreign currency translation adjustment, net of tax recovery 104,183289,035(67,855)(256,067)
Change in fair value of cash flow hedges, net of tax expense 2,79916,16526,7541,909
Change in value of available-for-sale investments 1(73)213(141)
Change in pension and other post-employment benefits, net of tax expense (35,669)7,5712,252525
Other comprehensive loss, net of tax 71,314312,698(38,636)(253,774)
Comprehensive (loss) income 124,829398,20253,738(122,928)
Comprehensive loss attributable to the non-controlling interests 7,07728,198(45,376)(117,915)
Comprehensive income (loss) attributable to shareholders of Algonquin Power & Utilities Corp. 117,752370,00499,114(5,013)

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.