Financial information by segment (Tables)

6 Months Ended

Jun. 30, 2021

a)	The following tables show Revenue and Adjusted EBITDA by operating segments and business sectors for the six-month periods ended June 30, 2021 and 2020:

	Revenue				Adjusted EBITDA
	For the six-month period ended June 30,				For the six-month period ended June 30,
	($ in thousands)
Geography	2021		2020		2021		2020
North America		178,801		157,932		131,575		139,273
South America		78,351		75,029		60,222		59,803
EMEA		354,023		232,786		204,845		173,481
Total		611,175		465,747		396,642		372,557

	Revenue				Adjusted EBITDA
	For the six-month period ended June 30,				For the six-month period ended June 30,
	($ in thousands)
Business sector	2021		2020		2021		2020
Renewable energy		471,624		344,674		293,621		274,761
Efficient natural gas & Heat		58,505		52,032		45,344		45,877
Transmission lines		53,589		53,395		42,522		43,216
Water		27,457		15,646		15,155		8,703
Total		611,175		465,747		396,642		372,557

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

	For the six-month period ended June 30, ($ in thousands)
	2021			2020
Loss attributable to the Company		(6,829	)		(28,171	)
Profit attributable to non-controlling interests		11,315			1,979
Income tax		33,128			3,471
Share of (profit)/loss of associates		(2,656	)		(1,591	)
Financial expense, net		172,807			202,797
Depreciation, amortization, and impairment charges		188,876			194,073
Total segment Adjusted EBITDA		396,642			372,557

b)	The assets and liabilities by operating segments (and business sector) as of June 30, 2021 and December 31, 2020 are as follows:

Assets and liabilities by geography as of June 30, 2021:

	North America		South America		EMEA		Balance as of June 30, 2021
	($ in thousands)
Assets allocated
Contracted concessional assets		3,443,636		1,225,955		3,704,622		8,374,213
Investments carried under the equity method		244,666		-		44,035		288,701
Current financial investments		126,288		27,611		43,649		197,548
Cash and cash equivalents (project companies)		235,920		68,694		298,061		602,675
Subtotal allocated		4,050,510		1,322,260		4,090,367		9,463,137
Unallocated assets
Other non-current assets								247,635
Other current assets (including cash and cash equivalents at holding company level)								450,634
Subtotal unallocated								698,269
Total assets								10,161,406

	North America		South America		EMEA		Balance as of June 30, 2021
	($ in thousands)
Liabilities allocated
Long-term and short-term project debt		1,874,925		904,409		2,594,856		5,374,190
Grants and other liabilities		1,063,018		13,060		145,624		1,221,702
Subtotal allocated		2,937,943		917,469		2,740,480		6,595,892
Unallocated liabilities
Long-term and short-term corporate debt								1,025,061
Other non-current liabilities								546,099
Other current liabilities								187,145
Subtotal unallocated								1,758,305
Total liabilities								8,354,197
Equity unallocated								1,807,209
Total liabilities and equity unallocated								3,565,514
Total liabilities and equity								10,161,406

Assets and liabilities by geography as of December 31, 2020:

	North America		South America		EMEA		Balance as of December 31, 2020
	($ in thousands)
Assets allocated
Contracted concessional assets		3,073,785		1,211,952		3,869,681		8,155,418
Investments carried under the equity method		74,660		-		41,954		116,614
Current financial investments		129,264		27,836		42,984		200,084
Cash and cash equivalents (project companies)		206,344		70,861		255,530		532,735
Subtotal allocated		3,484,053		1,310,649		4,210,149		9,004,851
Unallocated assets
Other non-current assets								242,044
Other current assets (including cash and cash equivalents at holding company level)								691,459
Subtotal unallocated								933,503
Total assets								9,938,354

	North America		South America		EMEA		Balance as of December 31, 2020
	($ in thousands)
Liabilities allocated
Long-term and short-term project debt		1,623,284		902,500		2,711,830		5,237,614
Grants and other liabilities		1,078,974		11,355		139,438		1,229,767
Subtotal allocated		2,702,258		913,855		2,851,268		6,467,381
Unallocated liabilities
Long-term and short-term corporate debt								993,725
Other non-current liabilities								589,107
Other current liabilities								147,260
Subtotal unallocated								1,730,092
Total liabilities								8,197,473
Equity unallocated								1,740,881
Total liabilities and equity unallocated								3,470,973
Total liabilities and equity								9,938,354

Assets and liabilities by business sector as of June 30, 2021:

	Renewable energy		Efficient natural gas & Heat		Transmission lines		Water		Balance as of June 30, 2021
	($ in thousands)
Assets allocated
Contracted concessional assets		6,841,512		534,372		824,945		173,384		8,374,213
Investments carried under the equity method		235,723		11,768		-		41,210		288,701
Current financial investments		3,176		126,202		27,580		40,590		197,548
Cash and cash equivalents (project companies)		460,142		73,914		42,486		26,133		602,675
Subtotal allocated		7,540,553		746,256		895,011		281,317		9,463,137
Unallocated assets
Other non-current assets										247,635
Other current assets (including cash and cash equivalents at holding company level)										450,634
Subtotal unallocated										698,269
Total assets										10,161,406

	Renewable energy		Efficient natural gas & Heat		Transmission lines		Water		Balance as of June 30, 2021
	($ in thousands)
Liabilities allocated
Long-term and short-term project debt		4,164,118		491,565		611,937		106,570		5,374,190
Grants and other liabilities		1,204,879		8,657		5,808		2,358		1,221,702
Subtotal allocated		5,368,997		500,222		617,745		108,928		6,595,892
Unallocated liabilities
Long-term and short-term corporate debt										1,025,061
Other non-current liabilities										546,099
Other current liabilities										187,145
Subtotal unallocated										1,758,305
Total liabilities										8,354,197
Equity unallocated										1,807,209
Total liabilities and equity unallocated										3,565,514
Total liabilities and equity										10,161,406

Assets and liabilities by business sector as of December 31, 2020:

	Renewable energy		Efficient natural gas & Heat		Transmission lines		Water		Balance as of December 31, 2020
	($ in thousands)
Assets allocated
Contracted concessional assets		6,632,611		502,285		842,595		177,927		8,155,418
Investments carried under the equity method		61,866		15,514		30		39,204		116,614
Current financial investments		6,530		124,872		27,796		40,886		200,084
Cash and cash equivalents (project companies)		397,465		67,955		46,045		21,270		532,735
Subtotal allocated		7,098,472		710,626		916,466		279,287		9,004,851
Unallocated assets
Other non-current assets										242,044
Other current assets (including cash and cash equivalents at holding company level)										691,459
Subtotal unallocated										933,503
Total assets										9,938,354

	Renewable energy		Efficient natural gas & Heat		Transmission lines		Water		Balance as of December 31, 2020
	($ in thousands)
Liabilities allocated
Long-term and short-term project debt		3,992,512		504,293		625,203		115,606		5,237,614
Grants and other liabilities		1,221,176		108		6,040		2,443		1,229,767
Subtotal allocated		5,213,688		504,401		631,243		118,049		6,467,381
Unallocated liabilities
Long-term and short-term corporate debt										993,725
Other non-current liabilities										589,107
Other current liabilities										147,260
Subtotal unallocated										1,730,092
Total liabilities										8,197,473
Equity unallocated										1,740,881
Total liabilities and equity unallocated										3,470,973
Total liabilities and equity										9,938,354

c)	The amount of depreciation, amortization and impairment charges recognized for the six-month periods ended June 30, 2021 and 2020 are as follows:

	For the six-month period ended June 30,
Depreciation, amortization and impairment by geography	2021			2020
	($ in thousands)
North America		(45,285	)		(95,981	)
South America		(28,190	)		(29,666	)
EMEA		(115,401	)		(70,426	)
Total		(188,876	)		(194,073	)

	For the six-month period ended June 30,
Depreciation, amortization and impairment by business sectors	2021			2020
	($ in thousands)
Renewable energy		(193,407	)		(140,806	)
Efficient natural gas & Heat		19,113			(35,697	)
Transmission lines		(15,565	)		(16,961	)
Water		983			(609	)
Total		(188,876	)		(194,073	)