Financial information by segment (Tables)

6 Months Ended

Jun. 30, 2019

Financial information by segment [Abstract]

Revenues and Further Adjusted EBITDA, assets and liabilities by operating segments and business sectors

The following tables show Revenues and Further Adjusted EBITDA by operating segments and business sectors for the six-month periods ended June 30, 2019 and 2018:

	Revenue				Further Adjusted EBITDA
	For the six-month period ended June 30,				For the six-month period ended June 30,
	($ in thousands)
Geography	2019		2018		2019		2018
North America		164,536		172,315		147,162		154,659
South America		69,090		59,881		57,464		49,247
EMEA		271,164		280,917		201,772		235,450
Total		504,790		513,113		406,398		439,356

	Revenue				Further Adjusted EBITDA
	For the six-month period ended June 30,				For the six-month period ended June 30,
	($ in thousands)
Business sector	2019		2018		2019		2018
Renewable energy		380,086		392,213		301,395		345,386
Efficient natural gas		61,698		61,437		54,302		46,982
Electric transmission lines		51,098		47,903		43,585		40,300
Water		11,908		11,560		7,116		6,688
Total		504,790		513,113		406,398		439,356

The reconciliation of segment Further Adjusted EBITDA with the profit/(loss) attributable to the Company is as follows:

	For the six-month period ended June 30, ($ in thousands)
	2019			2018
Profit/(Loss) attributable to the Company	$	16,956			67,350
(Loss)/Profit attributable to non-controlling interests		5,791			5,825
Income tax		27,040			31,019
Share of (profits)/losses of associates		(3,352	)		(2,909	)
Financial expense, net		209,900			177,774
Depreciation, amortization, and impairment charges		150,063			160,297
Total segment Further Adjusted EBITDA	$	406,398			439,356

Assets and liabilities by geography

The assets and liabilities by operating segments (and business sector) as of June 30, 2019 and December 31, 2018 are as follows:

Assets and liabilities by geography as of June 30, 2019:

	North America		South America		EMEA		Balance as of June 30, 2019
	($ in thousands)
Assets allocated
Contracted concessional assets		3,377,228		1,193,156		3,789,392		8,359,776
Investments carried under the equity method		79,119		-		56,377		135,496
Current financial investments		157,083		61,827		31,499		250,409
Cash and cash equivalents (project companies)		146,237		41,704		280,849		468,790
Subtotal allocated		3,759,667		1,296,687		4,158,117		9,214,471
Unallocated assets
Other non-current assets								228,932
Other current assets (including cash and cash equivalents at holding company level)								420,497
Subtotal unallocated								649,429
Total assets								9,863,900

	North America		South America		EMEA		Balance as of June 30, 2019
	($ in thousands)
Liabilities allocated
Long-term and short-term project debt		1,708,966		891,278		2,397,176		4,997,420
Grants and other liabilities		1,509,206		7,382		133,383		1,649,971
Subtotal allocated		3,218,172		898,660		2,530,559		6,647,391
Unallocated liabilities
Long-term and short-term corporate debt								689,592
Other non-current liabilities								603,953
Other current liabilities								181,709
Subtotal unallocated								1,475,254
Total liabilities								8,122,645
Equity unallocated								1,741,255
Total liabilities and equity unallocated								3,216,509
Total liabilities and equity								9,863,900

Assets and liabilities by geography as of December 31, 2018:

	North America		South America		EMEA		Balance as of December 31, 2018
	($ in thousands)
Assets allocated
Contracted concessional assets		3,453,652		1,210,624		3,884,905		8,549,181
Investments carried under the equity method		-		-		53,419		53,419
Current financial investments		147,213		61,959		30,080		239,252
Cash and cash equivalents (project companies)		195,678		41,316		287,456		524,450
Subtotal allocated		3,796,543		1,313,899		4,255,860		9,366,302
Unallocated assets
Other non-current assets								188,736
Other current assets (including cash and cash equivalents at holding company level)								363,993
Subtotal unallocated								552,729
Total assets								9,919,031

	North America		South America		EMEA		Balance as of December 31, 2018
			($ in thousands)
Liabilities allocated
Long-term and short-term project debt		1,725,961		900,801		2,464,352		5,091,114
Grants and other liabilities		1,527,724		7,550		122,852		1,658,126
Subtotal allocated		3,253,685		908,351		2,587,204		6,749,240
Unallocated liabilities
Long-term and short-term corporate debt								684,073
Other non-current liabilities								523,827
Other current liabilities								205,779
Subtotal unallocated								1,413,679
Total liabilities								8,162,919
Equity unallocated								1,756,112
Total liabilities and equity unallocated								3,169,791
Total liabilities and equity								9,919,031

Assets and liabilities by business sector

Assets and liabilities by business sector as of June 30, 2019:

	Renewable energy		Efficient natural gas		Electric transmission lines		Water		Balance as of June 30, 2019
					($ in thousands)
Assets allocated
Contracted concessional assets		6,825,572		578,423		869,685		86,096		8,359,776
Investments carried under the equity method		89,149		-		-		46,347		135,496
Current financial investments		33,268		139,076		60,971		17,094		250,409
Cash and cash equivalents (project companies)		426,255		19,567		13,373		9,595		468,790
Subtotal allocated		7,374,244		737,066		944,029		159,132		9,214,471
Unallocated assets
Other non-current assets										228,932
Other current assets (including cash and cash equivalents at holding company level)										420,497
Subtotal unallocated										649,429
Total assets										9,863,900

	Renewable energy		Efficient natural gas		Electric transmission lines		Water		Balance as of June 30, 2019
	($ in thousands)
Liabilities allocated
Long-term and short-term project debt		3,791,447		536,690		642,496		26,787		4,997,420
Grants and other liabilities		1,648,118		139		957		757		1,649,971
Subtotal allocated		5,439,565		536,829		643,453		27,544		6,647,391
Unallocated liabilities
Long-term and short-term corporate debt										689,592
Other non-current liabilities										603,953
Other current liabilities										181,709
Subtotal unallocated										1,475,254
Total liabilities										8,122,645
Equity unallocated										1,741,255
Total liabilities and equity unallocated										3,216,509
Total liabilities and equity										9,863,900

Assets and liabilities by business sector as of December 31, 2018:

	Renewable energy		Efficient natural gas		Electric transmission lines		Water		Balance as of December 31, 2018
	($ in thousands)
Assets allocated
Contracted concessional assets		6,998,020		580,997		882,980		87,184		8,549,181
Investments carried under the equity method		10,257		-		-		43,162		53,419
Current financial investments		15,396		147,192		61,102		15,562		239,252
Cash and cash equivalents (project companies)		453,096		45,625		14,043		11,686		524,450
Subtotal allocated		7,476,769		773,814		958,125		157,594		9,366,302
Unallocated assets
Other non-current assets										188,736
Other current assets (including cash and cash equivalents at holding company level)										363,993
Subtotal unallocated										552,729
Total assets										9,919,031

	Renewable energy		Efficient natural gas		Electric transmission lines		Water		Balance as of December 31, 2018
	($ in thousands)
Liabilities allocated
Long-term and short-term project debt		3,868,626		545,123		647,820		29,545		5,091,114
Grants and other liabilities		1,656,146		161		1,025		794		1,658,126
Subtotal allocated		5,524,772		545,284		648,845		30,339		6,749,240
Unallocated liabilities
Long-term and short-term corporate debt										684,073
Other non-current liabilities										523,827
Other current liabilities										205,779
Subtotal unallocated										1,413,679
Total liabilities										8,162,919
Equity unallocated										1,756,112
Total liabilities and equity unallocated										3,169,791
Total liabilities and equity										9,919,031

Depreciation, amortization and impairment charges recognized

The amount of depreciation, amortization and impairment charges recognized for the six-month periods ended June 30, 2019 and 2018 are as follows:

	For the six-month period ended June 30,
Depreciation, amortization and impairment by geography	2019			2018
	($ in thousands)
North America		(53,013	)		(59,638	)
South America		(22,859	)		(21,056	)
EMEA		(74,191	)		(79,603	)
Total		(150,063	)		(160,297	)

	For the six-month period ended June 30,
Depreciation, amortization and impairment by business sectors	2019			2018
	($ in thousands)
Renewable energy		(142,895	)		(140,491	)
Electric transmission lines		(12,593	)		(14,608	)
Efficent natual gas		5,425			(5,198	)
Total		(150,063	)		(160,297	)