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Consolidated Statements of Operations - CAD
CAD in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Revenue    
Regulated electricity distribution CAD 224,110 CAD 204,721
Regulated gas distribution 464,767 446,025
Regulated water reclamation and distribution 78,467 66,419
Non-regulated energy sales 222,581 202,300
Other revenue 37,930 22,149
Total revenue 1,027,855 941,614
Expenses    
Operating expenses 278,561 234,038
Regulated electricity purchased 131,647 120,506
Regulated gas purchased 217,236 261,116
Non-regulated energy purchased 27,990 39,264
Administrative expenses 40,675 34,692
Depreciation and amortization 149,806 114,047
Gain on foreign exchange (2,631) (1,112)
Costs and Expenses, Total 843,284 802,551
Operating income from continuing operations 184,571 139,063
Interest expense 65,993 62,418
Interest, dividend, equity and other income (9,095) (7,758)
Other gains (5,110) 0
Acquisition-related costs 1,832 2,552
Write-down of long-lived assets and loss on disposal 2,890 8,027
Loss (gain) on derivative financial instruments (2,188) 1,375
Nonoperating Income (Expense) 54,322 66,614
Earnings (loss) before income taxes 130,249 72,449
Income tax expense (note 19)    
Current 7,310 3,674
Deferred 36,403 13,133
Income tax expense 43,713 16,807
Earnings from continuing operations 86,536 55,642
Loss from discontinued operations, net of tax (1,032) (2,127)
Net earnings 85,504 53,515
Net loss attributable to non-controlling interests (note 18) (31,976) (22,186)
Net earnings attributable to common shareholders of Algonquin Power & Utilities Corp. 117,480 75,701
Series A and D Preferred shares dividend (note 16) 10,400 9,503
Net earnings attributable to common shareholders of Algonquin Power & Utilities Corp. CAD 107,080 CAD 66,198
Basic net earnings per share from continuing operations (cad per share) CAD 0.43 CAD 0.32
Basic net earnings per share (cad per share) 0.42 0.31
Diluted net earnings per share from continuing operations (cad per share) 0.42 0.32
Diluted net earnings per share (cad per share) CAD 0.42 CAD 0.31