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Consolidated Statements of Operations - CAD
CAD in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Revenue    
Regulated electricity distribution CAD 228,097 CAD 224,110
Regulated gas distribution 405,735 463,651
Regulated water reclamation and distribution 181,655 78,467
Non-regulated energy sales 243,149 222,581
Other revenue 37,382 39,046
Total revenue 1,096,018 1,027,855
Expenses    
Operating expenses 333,001 279,406
Regulated electricity purchased 119,825 131,647
Regulated gas purchased 142,003 217,236
Regulated water purchased 12,227 0
Non-regulated energy purchased 21,260 27,990
Administrative expenses 46,349 39,830
Depreciation and amortization 186,899 149,806
Gain on foreign exchange (436) (2,631)
Costs and Expenses, Total 861,128 843,284
Operating income from continuing operations 234,890 184,571
Interest expense on convertible debentures and acquisition financing (notes 9(b) and 14) 57,630 0
Interest expense on long-term debt and others 73,962 65,993
Interest, dividend, equity and other income (10,573) (9,095)
Other gains (8,555) (5,110)
Acquisition-related costs 12,028 1,832
Loss (gain) on long-lived assets, net (note 8(e) and 18) (3,263) 2,890
Gain on derivative financial instruments (note 25(b)(iv)) (15,849) (2,188)
Nonoperating Income (Expense) 105,380 54,322
Earnings (loss) before income taxes 129,510 130,249
Income tax expense (note 20)    
Current 8,461 7,310
Deferred 28,675 36,403
Income tax expense 37,136 43,713
Earnings from continuing operations 92,374 86,536
Loss from discontinued operations, net of tax 0 (1,032)
Net earnings 92,374 85,504
Net effect of non-controlling interests (note 19) (38,550) (31,976)
Net earnings attributable to common shareholders of Algonquin Power & Utilities Corp. 130,924 117,480
Series A and D Preferred shares dividend (note 17) 10,400 10,400
Net earnings attributable to common shareholders of Algonquin Power & Utilities Corp. CAD 120,524 CAD 107,080
Basic net earnings per share from continuing operations (CAD per share) CAD 0.44 CAD 0.43
Basic net earnings per share (CAD per share) 0.44 0.42
Diluted net earnings per share from continuing operations (CAD per share) 0.44 0.42
Diluted net earnings per share (CAD per share) CAD 0.44 CAD 0.42