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Income Statement

ALGONQUIN POWER & UTILITIES CORP. (TSX - AQN)  
 2014 Y2015 Y2016 Y2017 Y2018 Q2 YTD
Source Document12/31/201512/31/201612/31/201712/31/20176/30/2018
Currency CodeUSDUSDUSDUSDUSD
(in thousands)     
      
Revenue 
Regulated electricity distribution 204,721224,110228,097989,221412,468
Regulated gas distribution 446,025463,651405,735493,208257,493
Regulated water reclamation and distribution 66,41978,467181,655181,85161,114
Non-regulated energy sales 202,300222,581243,149282,558120,888
Other revenue 22,14939,04637,38230,9719,113
Total 941,6141,027,8551,096,0181,977,809861,076
Expenses 
Operating expenses 234,038279,406333,001598,658241,384
Regulated electricity purchased 120,506131,647119,825288,183134,026
Regulated gas purchased 261,116217,236142,003184,523114,072
Regulated water purchased NA012,22712,3104,330
Non-regulated energy purchased 39,26427,99021,26025,38413,454
Administrative expenses 34,69239,83046,34964,46626,147
Depreciation and amortization 114,047149,806186,899326,447133,430
Gain on foreign exchange (1,112)(2,631)(436)373(1,071)
Total 802,551843,284861,1281,500,344665,772
Operating income 139,063184,571234,890477,465195,304
Interest expense on long-term debt and others 62,41865,99373,962184,99373,929
Interest expense on convertible debentures and amortization of acquisition financing NA057,63017,6380
Change in value of investment carried at fair value NANANANA101,971
Interest, dividend, equity and other income (7,758)(9,095)(10,573)(11,989)(21,553)
Pension and post-employment non-service costs NANANANA1,047
Other gains 0(5,110)(11,818)632(1,614)
Acquisition-related costs 2,5521,83212,02862,7778,644
Loss (gain) on long-lived assets, net 8,0272,890NANANA
Loss (gain) on derivative financial instruments 1,375(2,188)(15,849)(2,626)172
Total 66,61454,322105,380251,425162,596
Earnings from continuing operations before income taxes 72,449130,249NANANA
Earnings before income taxes NANA129,510226,04032,708
Income tax expense 
Current 3,6747,3108,4619,9085,384
Deferred 13,13336,40328,67585,28634,498
Total 16,80743,71337,13695,19439,882
Earnings from continuing operations 55,64286,536NANANA
Loss from discontinued operations, net of tax (2,127)(1,032)NANANA
Net earnings (loss) 53,51585,50492,374130,846(7,174)
Net effect of non-controlling interests (22,186)(31,976)38,55062,24890,234
Net earnings attributable to shareholders of Algonquin Power & Utilities Corp. 75,701117,480130,924193,09483,060
Series A and D Preferred shares dividend 9,50310,40010,40010,4004,070
Net earnings attributable to common shareholders of Algonquin Power & Utilities Corp. 66,198107,080120,524182,69478,990
Basic net earnings per share from continuing operations 0.320.43NANANA
Basic net earnings per share 0.310.420.440.480.18
Diluted net earnings per share from continuing operations 0.320.42NANANA
Diluted net earnings per share 0.310.420.440.470.17
Interim Consolidated Statements of Comprehensive Income 
Net earnings (loss) 53,51585,50492,374130,846(7,174)
Other comprehensive income (loss) 
Foreign currency translation adjustment, net of tax recovery 104,183289,035(67,855)(256,067)(12,816)
Change in fair value of cash flow hedges, net of tax expense 2,79916,16526,7541,909803
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(282)
Other comprehensive loss, net of tax 71,314312,698(38,636)(253,774)(12,295)
Comprehensive gain (loss) 124,829398,20253,738(122,928)(19,469)
Comprehensive loss attributable to the non-controlling interests 7,07728,198(45,376)(117,915)(90,247)
Comprehensive income attributable to shareholders of Algonquin Power & Utilities Corp. 117,752370,00499,114(5,013)70,778


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.