Financial information by segment (Tables)

9 Months Ended

Sep. 30, 2021

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

	Revenue				Adjusted EBITDA
	For the nine-month period ended September 30,				For the nine-month period ended September 30,
	($ in thousands)
Geography	2021		2020		2021		2020
North America		308,661		267,688		233,810		233,201
South America		117,129		112,019		90,626		89,749
EMEA		514,628		389,027		293,601		286,622
Total		940,418		768,734		618,037		609,572

	Revenue				Adjusted EBITDA
	For the nine-month period ended September 30,				For the nine-month period ended September 30,
	($ in thousands)
Business sector	2021		2020		2021		2020
Renewable energy		725,756		579,230		458,170		456,420
Efficient natural gas & Heat		93,524		80,118		73,527		72,412
Transmission lines		80,428		79,229		64,243		64,039
Water		40,710		30,157		22,097		16,701
Total		940,418		768,734		618,037		609,572

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

	For the nine-month period ended September 30, ($ in thousands)
	2021			2020
Profit/(loss) attributable to the Company		(18,166	)		61,209
Profit/(loss) attributable to non-controlling interests		11,720			(3,042	)
Income tax		42,390			25,079
Share of (profit)/loss of associates carried under the equity method		(4,245	)		2,248
Financial expense, net		251,422			221,911
Depreciation, amortization, and impairment charges		334,916			302,166
Total segment Adjusted EBITDA		618,037			609,572

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

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

	North America		South America		EMEA		Balance as of September 30, 2021
	($ in thousands)
Assets allocated
Contracted concessional assets		3,396,242		1,219,002		3,558,673		8,173,917
Investments carried under the equity method		256,250		13		40,699		296,762
Current financial investments		135,664		27,846		44,291		207,801
Cash and cash equivalents (project companies)		242,677		79,908		362,014		684,599
Subtotal allocated		4,030,633		1,326,769		4,005,677		9,363,079
Unallocated assets
Other non-current assets								253,170
Other current assets (including cash and cash equivalents at holding company level)								436,369
Subtotal unallocated								689,539
Total assets								10,052,618

	North America		South America		EMEA		Balance as of September 30, 2021
	($ in thousands)
Liabilities allocated
Long-term and short-term project debt		1,843,700		902,983		2,532,197		5,278,880
Grants and other liabilities		1,066,410		14,399		190,651		1,271,460
Subtotal allocated		2,910,110		917,382		2,722,848		6,550,340
Unallocated liabilities
Long-term and short-term corporate debt								1,030,079
Other non-current liabilities								552,251
Other current liabilities								158,359
Subtotal unallocated								1,740,689
Total liabilities								8,291,029
Equity unallocated								1,761,589
Total liabilities and equity unallocated								3,502,278
Total liabilities and equity								10,052,618

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 September 30, 2021:

	Renewable energy		Efficient natural gas & Heat		Transmission lines		Water		Balance as of September 30, 2021
	($ in thousands)
Assets allocated
Contracted concessional assets		6,662,219		526,877		814,825		169,996		8,173,917
Investments carried under the equity method		250,104		8,745		-		37,913		296,762
Current financial investments		4,531		135,375		27,705		40,190		207,801
Cash and cash equivalents (project companies)		563,034		51,804		52,975		16,787		684,599
Subtotal allocated		7,479,887		722,801		895,505		264,886		9,363,079
Unallocated assets
Other non-current assets										253,170
Other current assets (including cash and cash equivalents at holding company level)										436,369
Subtotal unallocated										689,539
Total assets										10,052,618

	Renewable energy		Efficient natural gas & Heat		Transmission lines		Water		Balance as of September 30, 2021
	($ in thousands)
Liabilities allocated
Long-term and short-term project debt		4,073,826		485,198		617,690		102,166		5,278,880
Grants and other liabilities		1,251,956		11,352		5,833		2,319		1,271,460
Subtotal allocated		5,325,782		496,550		623,523		104,485		6,550,340
Unallocated liabilities
Long-term and short-term corporate debt										1,030,079
Other non-current liabilities										552,251
Other current liabilities										158,359
Subtotal unallocated										1,740,689
Total liabilities										8,291,029
Equity unallocated										1,761,589
Total liabilities and equity unallocated										3,502,278
Total liabilities and equity										10,052,618

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 nine-month periods ended September 30, 2021 and 2020 are as follows:

	For the nine-month period ended September 30,
Depreciation, amortization and impairment by geography	2021			2020
	($ in thousands)
North America		(119,196	)		(162,803	)
South America		(43,388	)		(26,624	)
EMEA		(172,332	)		(112,739	)
Total		(334,916	)		(302,166	)

	For the nine-month period ended September 30,
Depreciation, amortization and impairment by business sectors	2021			2020
	($ in thousands)
Renewable energy		(334,513	)		(253,617	)
Efficient natural gas & Heat		22,956			(23,616	)
Transmission lines		(24,194	)		(24,236	)
Water		836			(697	)
Total		(334,916	)		(302,166	)