Selected Quarterly Financial Data

12 Months Ended

Dec. 31, 2019

Selected Quarterly Financial Information [Abstract]

SELECTED QUARTERLY FINANCIAL DATA (Unaudited)

The Company’s energy operations are significantly affected by weather conditions. Consequently, there can be large variances in revenues, expenses and net income between quarters based on seasonal factors such as, but not limited to, temperatures and streamflow conditions, including the impact on electric and natural gas commodity prices.

A summary of quarterly operations (in thousands, except per share amounts) for 2019 and 2018 follows:



	Three Months Ended
	March 31			June 30		September 30		December 31
2019
Operating revenues	$	396,481		$	300,812	$	283,770	$	364,559
Operating expenses	329,410			261,044		253,527		291,252
Income from operations	$	67,071		$	39,768	$	30,243	$	73,307
Net income	115,881			25,016		5,090		50,776
Less: Net income (loss) attributable to noncontrolling interests	(87		)	303		—		—
Net income attributable to Avista Corporation	$	115,794		$	25,319	$	5,090	$	50,776
Outstanding common stock:
Weighted average, basic	65,733			65,894		66,265		66,929
Weighted average, diluted	65,941			65,963		66,351		67,059
Earnings per common share attributable to Avista Corp. shareholders, diluted	$	1.76		$	0.38	$	0.08	$	0.76



	Three Months Ended
	March 31			June 30			September 30			December 31
2018
Operating revenues	$	409,361		$	319,298		$	296,013		$	372,221
Operating expenses	315,155			266,019			259,569			295,037
Income from operations	$	94,206		$	53,279		$	36,444		$	77,184
Net income	54,956			25,644			10,129			45,869
Less: Net loss attributable to noncontrolling interests	(66		)	(67		)	(10		)	(26		)
Net income attributable to Avista Corporation	$	54,890		$	25,577		$	10,119		$	45,843
Outstanding common stock:
Weighted average, basic	65,639			65,677			65,688			65,688
Weighted average, diluted	65,931			65,983			66,026			65,846
Earnings per common share attributable to Avista Corp. shareholders, diluted	$	0.83		$	0.39		$	0.15		$	0.70