Financial information by segment (Tables)

9 Months Ended

Sep. 30, 2020

Financial information by segment [Abstract]

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

a)         The following tables show Revenue and Adjusted EBITDA by operating segments and business sectors for the nine-month periods ended September 30, 2020 and 2019:

	Revenue				Adjusted EBITDA
	For the nine-month period ended September 30,				For the nine-month period ended September 30,
	($ in thousands)
Geography	2020		2019		2020		2019
North America		267,688		273,913		233,201		254,492
South America		112,019		105,760		89,749		87,757
EMEA		389,027		418,490		286,622		308,755
Total		768,734		798,163		609,572		651,004

	Revenue				Adjusted EBITDA
	For the nine-month period ended September 30,				For the nine-month period ended September 30,
	($ in thousands)
Business sector	2020		2019		2020		2019
Renewable energy		579,230		609,828		456,420		493,311
Efficient natural gas		80,118		92,891		72,412		81,668
Electric transmission lines		79,229		77,024		64,039		65,133
Water		30,157		18,420		16,701		10,892
Total		768,734		798,163		609,572		651,004

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

	For the nine-month period ended September 30, ($ in thousands)
	2020			2019
Profit/(Loss) attributable to the Company	$	61,209			60,832
(Loss)/Profit attributable to non-controlling interests		(3,042	)		7,548
Income tax		25,079			46,979
Share of (profits)/losses of associates		2,248			(3,881	)
Financial expense, net		221,911			304,637
Depreciation, amortization, and impairment charges		302,166			234,889
Total segment Adjusted EBITDA	$	609,572			651,004

Assets and liabilities by geography

b)          The assets and liabilities by operating segments (and business sector) as of September 30, 2020 and December 31, 2019 are as follows:

Assets and liabilities by geography as of September 30, 2020:

	North America		South America		EMEA		Balance as of September 30, 2020
	($ in thousands)
Assets allocated
Contracted concessional assets		3,112,095		1,223,888		3,744,662		8,080,645
Investments carried under the equity method		79,959		-		39,787		116,746
Current financial investments		125,821		27,637		41,202		194,660
Cash and cash equivalents (project companies)		230,616		85,003		286,362		601,980
Subtotal allocated		3,545,491		1,336,528		4,112,013		8,994,031
Unallocated assets
Other non-current assets								214,843
Other current assets (including cash and cash equivalents at holding company level)								622,239
Subtotal unallocated								837,082
Total assets								9,831,113

	North America		South America		EMEA		Balance as of September 30, 2020
	($ in thousands)
Liabilities allocated
Long-term and short-term project debt		1,669,969		919,248		2,691,957		5,281,174
Grants and other liabilities		1,088,322		11,404		129,504		1,229,230
Subtotal allocated		2,758,291		930,652		2,821,461		6,510,404
Unallocated liabilities
Long-term and short-term corporate debt								959,681
Other non-current liabilities								601,113
Other current liabilities								117,868
Subtotal unallocated								1,678,662
Total liabilities								8,189,066
Equity unallocated								1,642,047
Total liabilities and equity unallocated								3,320,709
Total liabilities and equity								9,831,113

Assets and liabilities by geography as of December 31, 2019:

	North America		South America		EMEA		Balance as of December 31, 2019
	($ in thousands)
Assets allocated
Contracted concessional assets		3,299,198		1,186,552		3,675,379		8,161,129
Investments carried under the equity method		90,847		-		49,078		139,925
Current financial investments		159,267		29,190		20,673		209,131
Cash and cash equivalents (project companies)		181,458		80,909		234,097		496,464
Subtotal allocated		3,730,771		1,296,652		3,979,227		9,006,649
Unallocated assets
Other non-current assets								239,553
Other current assets (including cash and cash equivalents at holding company level)								413,613
Subtotal unallocated								653,166
Total assets								9,659,815

	North America		South America		EMEA		Balance as of December 31, 2019
	($ in thousands)
Liabilities allocated
Long-term and short-term project debt		1,676,251		884,835		2,291,262		4,852,348
Grants and other liabilities		1,490,679		12,864		138,209		1,641,752
Subtotal allocated		3,166,930		897,699		2,429,471		6,494,100
Unallocated liabilities
Long-term and short-term corporate debt								723,791
Other non-current liabilities								564,855
Other current liabilities								162,213
Subtotal unallocated								1,450,859
Total liabilities								7,944,959
Equity unallocated								1,714,856
Total liabilities and equity unallocated								3,165,715
Total liabilities and equity								9,659,815

Assets and liabilities by business sector

Assets and liabilities by business sector as of September 30, 2020:

	Renewable energy		Efficient natural gas		Electric transmission lines		Water		Balance as of September 30, 2020
	($ in thousands)
Assets allocated
Contracted concessional assets		6,538,840		514,998		848,749		178,058		8,080,645
Investments carried under the equity method		63,302		16,379		-		37,065		116,746
Current financial investments		2,068		123,836		27,619		41,138		194,660
Cash and cash equivalents (project companies)		489,896		30,072		63,241		18,771		601,980
Subtotal allocated		7,094,106		685,285		939,609		275,032		8,994,031
Unallocated assets
Other non-current assets										214,843
Other current assets  (including cash and cash equivalents at holding company level)										622,239
Subtotal unallocated										837,082
Total assets										9,831,113

	Renewable energy		Efficient natural gas		Electric transmission lines		Water		Balance as of September 30, 2020
	($ in thousands)
Liabilities allocated
Long-term and short-term project debt		4,007,975		510,587		642,519		120,093		5,281,174
Grants and other liabilities		1,221,684		82		6,108		1,356		1,229,230
Subtotal allocated		5,229,659		510,669		648,627		121,449		6,510,404
Unallocated liabilities
Long-term and short-term corporate debt										959,681
Other non-current liabilities										601,113
Other current liabilities										117,868
Subtotal unallocated										1,678,662
Total liabilities										8,189,066
Equity unallocated										1,642,047
Total liabilities and equity unallocated										3,320,709
Total liabilities and equity										9,831,113

Assets and liabilities by business sector as of December 31, 2019:

	Renewable energy		Efficient natural gas		Electric transmission lines		Water		Balance as of December 31, 2019
	($ in thousands)
Assets allocated
Contracted concessional assets		6,644,024		559,069		872,757		85,280		8,161,129
Investments carried under the equity method		77,549		17,154		-		45,222		139,925
Current financial investments		13,798		148,723		28,237		18,373		209,131
Cash and cash equivalents (project companies)		421,198		11,850		53,868		9,548		496,464
Subtotal allocated		7,156,568		736,796		954,862		158,423		9,006,649
Unallocated assets
Other non-current assets										239,553
Other current assets (including cash and cash equivalents at holding company level)										413,613
Subtotal unallocated										653,166
Total assets										9,659,815

	Renewable energy		Efficient natural gas		Electric transmission lines		Water		Balance as of December 31, 2019
	($ in thousands)
Liabilities allocated
Long-term and short-term project debt		3,658,507		529,350		640,160		24,331		4,852,348
Grants and other liabilities		1,634,361		146		6,517		728		1,641,752
Subtotal allocated		5,292,868		529,495		646,677		25,059		6,494,100
Unallocated liabilities
Long-term and short-term corporate debt										723,791
Other non-current liabilities										564,855
Other current liabilities										162,213
Subtotal unallocated										1,450,859
Total liabilities										7,944,959
Equity unallocated										1,714,856
Total liabilities and equity unallocated										3,165,715
Total liabilities and equity										9,659,815

Depreciation, amortization and impairment charges recognized

c)          The amount of depreciation, amortization and impairment charges recognized for the nine-month periods ended September 30, 2020 and 2019 are as follows:

	For the nine-month period ended September 30,
Depreciation, amortization and impairment by geography	2020			2019
	($ in thousands)
North America		(162,803	)		(88,647	)
South America		(26,624	)		(35,553	)
EMEA		(112,739	)		(110,689	)
Total		(302,166	)		(234,889	)

	For the nine-month period ended September 30,
Depreciation, amortization and impairment by business sectors	2020			2019
	($ in thousands)
Renewable energy		(253,617	)		(215,941	)
Efficient natural gas		(23,616	)		784
Electric transmission lines		(24,236	)		(20,093	)
Water		(697	)		361
Total		(302,166	)		(234,889	)