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Income Statement

 2013 Y2014 Y2015 Y2016 Y2017 Q2 YTD
Source Document12/31/201412/31/201512/31/201612/31/20166/30/2017
(in thousands)     
Regulated electricity distribution 166,156204,721224,110228,097478,793
Regulated gas distribution 260,424446,025463,651405,735281,080
Regulated water reclamation and distribution 57,35066,41978,467181,65593,843
Non-regulated energy sales 180,191202,300222,581243,149144,808
Other revenue 11,17022,14939,04637,38212,616
Total 675,291941,6141,027,8551,096,0181,011,140
Operating expenses 180,346234,038279,406333,001311,360
Regulated electricity purchased 97,376120,506131,647119,825140,713
Regulated gas purchased 148,784261,116217,236142,003103,530
Regulated water purchased NANA012,2275,899
Non-regulated energy purchased 25,83539,26427,99021,26012,300
Administrative expenses 23,51834,69239,83046,34931,308
Depreciation of property, plant and equipment 91,978NANANANA
Amortization of intangible assets 4,200NANANANA
Other amortization (159)NANANANA
Depreciation and amortization NA114,047149,806186,899167,015
Loss (gain) on foreign exchange (567)(1,112)(2,631)(436)(3,836)
Total 571,311802,551843,284861,128768,289
Operating income 103,980139,063184,571234,890242,851
Interest expense on convertible debentures and acquisition financing NANA057,63017,638
Interest expense on long-term debt and others 53,42662,41865,99373,96296,967
Interest, dividend, equity and other income (7,785)(7,758)(9,095)(10,573)(6,059)
Loss (gain) on sale of assets 750NANANANA
Other gains NA0(5,110)(8,555)(78)
Acquisition-related costs 2,1402,5521,83212,02860,477
Gain on long-lived assets, net 08,0272,890(3,263)(4,823)
Loss (gain) on derivative financial instruments (5,200)1,375(2,188)(15,849)1,370
Total 43,33166,61454,322105,380165,492
Earnings before income taxes NANANANA77,359
Income tax expense 
Current 2,5263,6747,3108,4617,568
Deferred 6,62913,13336,40328,67534,850
Total 9,15516,80743,71337,13642,418
Earnings from continuing operations 51,49455,64286,53692,374NA
Loss from discontinued operations, net of tax (42,011)(2,127)(1,032)0NA
Net earnings 9,48353,51585,50492,37434,941
Net effect of non-controlling interests (10,813)(22,186)(31,976)(38,550)(38,733)
Net earnings attributable to shareholders of Algonquin Power & Utilities Corp. 20,29675,701117,480130,92473,674
Series A and D Preferred shares dividend NA9,50310,40010,4005,200
Net earnings attributable to common shareholders of Algonquin Power & Utilities Corp. NA66,198107,080120,52468,474
Basic net earnings per share from continuing operations 0.280.320.430.44NA
Basic net loss per share from discontinued operations (0.21)NANANANA
Basic net earnings per share 0.070.310.420.440.19
Diluted net earnings per share from continuing operations 0.280.320.420.44NA
Diluted net loss per share from discontinued operations (0.2)NANANANA
Diluted net earnings per share 0.070.310.420.440.19
Interim Consolidated Statements of Comprehensive Income 
Net earnings 60,64972,449130,249129,51034,941
Other comprehensive income 
Net earnings 9,48353,51585,50492,374NA
Foreign currency translation adjustment, net of tax recovery 81,597104,183289,035(67,855)(141,071)
Change in fair value of cash flow hedges, net of tax expense 17,3082,79916,16526,7541,570
Change in unrealized appreciation in value of available-for-sale investments 01(73)213(26)
Change in pension and other post-employment benefits, net of tax expense 16,727(35,669)7,5712,2521,941
Other comprehensive loss, net of tax 115,63271,314312,698(38,636)(137,586)
Comprehensive loss 125,115124,829398,20253,738(102,645)
Comprehensive loss attributable to the non-controlling interests 31,3627,07728,198(45,376)(67,532)
Comprehensive loss attributable to shareholders of Algonquin Power & Utilities Corp. 93,753117,752370,00499,114(35,113)

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.