Information By Business Segments (Tables)

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Information by Business Segments

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 June 30, 2019:
Operating revenues	$	289,808		$	8,743		$	298,551		$	2,261		$	—		$	300,812
Resource costs	88,506			(67		)	88,439			—			—			88,439
Other operating expenses (2)	84,602			3,129			87,731			6,332			—			94,063
Depreciation and amortization	53,070			2,409			55,479			155			—			55,634
Income (loss) from operations	40,978			3,016			43,994			(4,226		)	—			39,768
Interest expense (3)	24,316			1,595			25,911			148			(197		)	25,862
Income taxes	(2,947		)	380			(2,567		)	826			—			(1,741		)
Net income attributable to Avista Corp. shareholders	21,219			1,076			22,295			3,024			—			25,319
Capital expenditures (4)	103,297			3,076			106,373			22			—			106,395
For the three months ended June 30, 2018:
Operating revenues	$	302,222		$	10,482		$	312,704		$	6,594		$	—		$	319,298
Resource costs	103,022			2,947			105,969			—			—			105,969
Other operating expenses (2) (5)	78,848			3,213			82,061			6,543			—			88,604
Depreciation and amortization	44,186			1,465			45,651			199			—			45,850
Income (loss) from operations (5)	50,848			2,579			53,427			(148		)	—			53,279
Interest expense (3)	24,428			896			25,324			382			(234		)	25,472
Income taxes	4,735			446			5,181			28			—			5,209
Net income attributable to Avista Corp. shareholders	24,252			1,282			25,534			43			—			25,577
Capital expenditures (4)	97,963			3,352			101,315			338			—			101,653

	Avista Utilities		Alaska Electric Light and Power Company			Total Utility		Other			Intersegment Eliminations (1)			Total
For the six months ended June 30, 2019:
Operating revenues	$	667,510	$	19,624		$	687,134	$	10,159		$	—		$	697,293
Resource costs	227,218		(1,432		)	225,786		—			—			225,786
Other operating expenses (2)	185,185		6,188			191,373		13,687			—			205,060
Depreciation and amortization	99,577		4,816			104,393		364			—			104,757
Income (loss) from operations	101,202		9,529			110,731		(3,892		)	—			106,839
Interest expense (3)	48,580		3,191			51,771		736			(637		)	51,870
Income taxes	25,597		1,743			27,340		936			—			28,276
Net income attributable to Avista Corp. shareholders	133,120		4,628			137,748		3,365			—			141,113
Capital expenditures (4)	195,606		4,382			199,988		184			—			200,172
For the six months ended June 30, 2018:
Operating revenues	$	690,976	$	24,145		$	715,121	$	13,538		$	—		$	728,659
Resource costs	254,687		5,900			260,587		—			—			260,587
Other operating expenses (2)	153,987		6,044			160,031		13,367			—			173,398
Depreciation and amortization	87,453		2,931			90,384		380			—			90,764
Income (loss) from operations	138,993		8,701			147,694		(209		)	—			147,485
Interest expense (3)	48,393		1,790			50,183		717			(399		)	50,501
Income taxes	15,152		1,910			17,062		(1,143		)	—			15,919
Net income (loss) attributable to Avista Corp. shareholders	79,792		5,054			84,846		(4,379		)	—			80,467
Capital expenditures (4)	179,139		3,993			183,132		552			—			183,684
Total Assets:
As of June 30, 2019:	$	5,520,529	$	277,934		$	5,798,463	$	107,753		$	(28,288	)	$	5,877,928
As of December 31, 2018:	$	5,458,104	$	272,950		$	5,731,054	$	87,050		$	(35,528	)	$	5,782,576

(1) Intersegment eliminations reported as interest expense represent intercompany interest.

(2) Other operating expenses for Avista Utilities for the three and six months ended June 30, 2019 and 2018 include merger transaction costs which are separately disclosed on the Condensed Consolidated Statements of Income.

(3) Including interest expense to affiliated trusts.

(4)

The capital expenditures for the other businesses are included in other investing activities on the Condensed Consolidated Statements of Cash Flows.