Information By Business Segments

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Information by Business Segments

INFORMATION BY BUSINESS SEGMENTS

The business segment presentation reflects the basis used by the Company's management to analyze performance and determine the allocation of resources. The Company's management evaluates performance based on income (loss) from operations before income taxes as well as net income (loss) attributable to Avista Corp. shareholders. The accounting policies of the segments are the same as those described in the summary of significant accounting policies. Avista Utilities' business is managed based on the total regulated utility operation; therefore, it is considered one segment. Ecova was a provider of facility information and cost management services for multi-site customers throughout North America. The Ecova business segment was disposed of as of June 30, 2014. All income statement amounts were reclassified to discontinued operations on the Condensed Consolidated Statements of Income for all periods presented. The Other category, which is not a reportable segment, includes Spokane Energy, other investments and operations of various subsidiaries, as well as certain other operations of Avista Capital. On July 1, 2014, the Company completed its acquisition of AERC. Based on the way AERC is managed and the financial reports that are reviewed by the Chief Operating Decision Maker, AEL&P, the primary subsidiary of AERC, is considered a separate reportable business segment and the remaining activities of AERC are included in the Other category. All goodwill associated with the AERC acquisition was assigned to the AEL&P reportable business segment.

The following table presents information for each of the Company’s business segments (dollars in thousands):

	Avista Utilities		Alaska Electric Light and Power Company		Total Utility		Other			Intersegment Eliminations (1)			Total
For the three months ended March 31, 2015:
Operating revenues	$	424,083	$	12,774	$	436,857	$	10,083		$	(450	)	$	446,490
Resource costs	206,660		2,900		209,560		—			—			209,560
Other operating expenses	70,409		2,763		73,172		10,266			(450		)	82,988
Depreciation and amortization	32,997		1,303		34,300		169			—			34,469
Income (loss) from operations	84,788		5,139		89,927		(352		)	—			89,575
Interest expense (2)	18,968		904		19,872		164			(22		)	20,014
Income taxes	24,888		1,684		26,572		(325		)	—			26,247
Net income (loss) from continuing operations attributable to Avista Corp. shareholders	44,384		2,634		47,018		(569		)	—			46,449
Capital expenditures (3)	81,212		385		81,597		412			—			82,009
For the three months ended March 31, 2014:
Operating revenues	$	437,574	$	—	$	437,574	$	9,454		$	(450	)	$	446,578
Resource costs	220,497		—		220,497		—			—			220,497
Other operating expenses	67,337		—		67,337		9,833			(450		)	76,720
Depreciation and amortization	30,726		—		30,726		147			—			30,873
Income (loss) from operations	90,868		—		90,868		(526		)	—			90,342
Interest expense (2)	18,546		—		18,546		397			(88		)	18,855
Income taxes	27,620		—		27,620		(338		)	—			27,282
Net income (loss) from continuing operations attributable to Avista Corp. shareholders	47,996		—		47,996		(608		)	88			47,476
Capital expenditures (3)	59,725		—		59,725		46			—			59,771
Total Assets:
As of March 31, 2015:	$	4,345,988	$	267,590	$	4,613,578	$	75,451		$	—		$	4,689,029
As of December 31, 2014:	$	4,367,926	$	264,195	$	4,632,121	$	80,210		$	—		$	4,712,331

(1) Intersegment eliminations reported as operating revenues and resource costs represent intercompany purchases and sales of electric capacity and energy. Intersegment eliminations reported as interest expense and net income (loss) attributable to Avista Corp. shareholders represent intercompany interest.

(2) Including interest expense to affiliated trusts.

(3) The capital expenditures for the other businesses are included as other capital expenditures on the Condensed Consolidated Statements of Cash Flows. The remainder of the balance included in other capital expenditures on the Condensed Consolidated Statements of Cash Flows are related to Ecova.