Information by Business Segments (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of 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, 2024:
Operating revenues	$	390,814		$	11,218	$	402,032		$	40		$	—		$	402,072
Resource costs		143,125			1,201		144,326			—			—			144,326
Other operating expenses		105,532			4,059		109,591			358			—			109,949
Depreciation and amortization		64,973			2,856		67,829			2			—			67,831
Income (loss) from operations		51,752			2,824		54,576			(320	)		—			54,256
Interest expense (2)		35,035			1,415		36,450			642			(512	)		36,580
Income tax expense (benefit)		714			374		1,088			(593	)		—			495
Net income (loss)		23,935			1,109		25,044			(2,186	)		—			22,858
Capital expenditures (3)		127,916			4,582		132,498			—			—			132,498
For the three months ended June 30, 2023:
Operating revenues	$	368,604		$	11,194	$	379,798		$	139		$	—		$	379,937
Resource costs		140,017			1,227		141,244			—			—			141,244
Other operating expenses		99,276			3,795		103,071			749			—			103,820
Depreciation and amortization		63,419			2,729		66,148			—			—			66,148
Income (loss) from operations		41,257			3,161		44,418			(610	)		—			43,808
Interest expense (2)		34,044			1,452		35,496			448			(318	)		35,626
Income tax expense (benefit)		(5,556	)		473		(5,083	)		(727	)		—			(5,810	)
Net income (loss)		18,810			1,359		20,169			(2,685	)		—			17,484
Capital expenditures (3)		121,834			4,422		126,256			—			—			126,256
For the six months ended June 30, 2024:
Operating revenues	$	985,750		$	25,676	$	1,011,426		$	62		$	—		$	1,011,488
Resource costs		435,633			1,810		437,443			—			—			437,443
Other operating expenses		212,847			7,993		220,840			674			—			221,514
Depreciation and amortization		130,058			5,698		135,756			5			—			135,761
Income (loss) from operations		146,389			9,600		155,989			(617	)		—			155,372
Interest expense (2)		71,066			2,815		73,881			1,212			(952	)		74,141
Income tax expense (benefit)		1,514			1,861		3,375			(574	)		—			2,801
Net income (loss)		91,443			5,020		96,463			(2,110	)		—			94,353
Capital expenditures (3)		245,160			6,047		251,207			—			—			251,207
For the six months ended June 30, 2023:
Operating revenues	$	828,746		$	25,557	$	854,303		$	265		$	—		$	854,568
Resource costs		332,154			2,018		334,172			—			—			334,172
Other operating expenses		200,665			7,384		208,049			1,760			—			209,809
Depreciation and amortization		125,883			5,453		131,336			31			—			131,367
Income (loss) from operations		111,816			10,119		121,935			(1,526	)		—			120,409
Interest expense (2)		68,118			2,904		71,022			795			(536	)		71,281
Income tax expense (benefit)		(13,504	)		2,012		(11,492	)		(946	)		—			(12,438	)
Net income (loss)		70,437			5,401		75,838			(3,509	)		—			72,329
Capital expenditures (3)		219,598			7,148		226,746			3			—			226,749
Total Assets:
As of June 30, 2024:	$	7,240,803		$	273,961	$	7,514,764		$	194,145		$	(25,139	)	$	7,683,770
As of December 31, 2023:	$	7,262,704		$	269,683	$	7,532,387		$	191,665		$	(21,575	)	$	7,702,477

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

(2)Including interest expense to affiliated trusts.

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