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Income Statement

 2013 Y2014 Y2015 Y2016 Y2017 Q1 YTD
Source Document12/31/201412/31/201512/31/201612/31/20163/31/2017
(in thousands)     
Regulated electricity distribution 166,156204,721224,110228,097240,065
Regulated gas distribution 260,424446,025463,651405,735196,119
Regulated water reclamation and distribution 57,35066,41978,467181,65542,930
Non-regulated energy sales 180,191202,300222,581243,14971,758
Other revenue 11,17022,14939,04637,3827,045
Total 675,291941,6141,027,8551,096,018557,917
Operating expenses 180,346234,038279,406333,001148,877
Regulated electricity purchased 97,376120,506131,647119,82572,273
Regulated gas purchased 148,784261,116217,236142,00381,445
Regulated water purchased NANA012,2272,659
Non-regulated energy purchased 25,83539,26427,99021,2607,305
Administrative expenses 23,51834,69239,83046,34914,648
Depreciation of property, plant and equipment 91,978NANANANA
Amortization of intangible assets 4,200NANANANA
Other amortization (159)NANANANA
Depreciation and amortization NA114,047149,806186,89982,705
Loss (gain) on foreign exchange (567)(1,112)(2,631)(436)80
Total 571,311802,551843,284861,128409,992
Operating income 103,980139,063184,571234,890147,925
Interest expense on convertible debentures and acquisition financing NANA057,63017,637
Interest expense on long-term debt and others 53,42662,41865,99373,96246,925
Interest, dividend, equity and other income (7,785)(7,758)(9,095)(10,573)(3,281)
Loss (gain) on sale of assets 750NANANANA
Other gains NA0(5,110)(8,555)0
Acquisition-related costs 2,1402,5521,83212,02860,381
Loss on long-lived assets, net 08,0272,890(3,263)23
Loss on derivative financial instruments (5,200)1,375(2,188)(15,849)1,382
Total 43,33166,61454,322105,380123,067
Earnings 60,64972,449130,249129,51024,858
Income tax expense 
Current 2,5263,6747,3108,4612,584
Deferred 6,62913,13336,40328,67516,788
Total 9,15516,80743,71337,13619,372
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 9,48353,51585,50492,3745,486
Net effect of non-controlling interests (10,813)(22,186)(31,976)(38,550)(20,473)
Net earnings attributable to shareholders of Algonquin Power & Utilities Corp. 20,29675,701117,480130,92425,959
Series A and D Preferred shares dividend NA9,50310,40010,4002,600
Net earnings attributable to common shareholders of Algonquin Power & Utilities Corp. NA66,198107,080120,52423,359
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 0.070.310.420.440.07
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 0.070.310.420.440.07
Consolidated Statements of Comprehensive Income 
Other comprehensive income 
Net earnings 9,48353,51585,50492,3745,486
Foreign currency translation adjustment 81,597104,183289,035(67,855)(36,781)
Change in fair value of cash flow hedges 17,3082,79916,16526,7545,232
Change in unrealized appreciation in value of available-for-sale investments 01(73)2132
Change in pension and other post-employment benefits 16,727(35,669)7,5712,25256
Other comprehensive loss, net of tax 115,63271,314312,698(38,636)(31,491)
Comprehensive loss 125,115124,829398,20253,738(26,005)
Comprehensive loss attributable to the non-controlling interests 31,3627,07728,198(45,376)(25,121)
Comprehensive loss attributable to shareholders of Algonquin Power & Utilities Corp. 93,753117,752370,00499,114(884)

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.