Financial information by segment (Tables)

9 Months Ended

Sep. 30, 2022

a)	The following tables show Revenue and Adjusted EBITDA by operating segments and business sectors for the nine-month periods ended September 30, 2022 and 2021:

	Revenue				Adjusted EBITDA
	For the nine-month period ended September 30,				For the nine-month period ended September 30,
	($ in thousands)
Geography	2022		2021		2022		2021
North America		323,693		308,661		258,161		243,361
South America		122,549		117,129		95,080		90,626
EMEA		412,163		514,628		277,400		300,094
Total		858,405		940,418		630,641		634,081

	Revenue				Adjusted EBITDA
	For the nine-month period ended September 30,				For the nine-month period ended September 30,
	($ in thousands)
Business sector	2022		2021		2022		2021
Renewable energy		652,757		725,756		469,851		464,861
Efficient natural gas & heat		81,944		93,524		66,808		76,387
Transmission lines		83,278		80,428		66,226		64,243
Water		40,424		40,710		27,756		28,590
Total		858,405		940,418		630,641		634,081

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

	For the nine-month period ended September 30, ($ in thousands)
	2022			2021
Loss attributable to the Company		(9,473	)		(18,166	)
Profit attributable to non-controlling interests		11,278			11,720
Income tax		12,975			42,390
Financial expense, net		224,893			251,422
Depreciation, amortization, and impairment charges		374,059			334,916
Depreciation and amortization, financial expense and income tax expense of unconsolidated affiliates (pro rata of Atlantica’s equity ownership)		16,909			11,799
Total segment Adjusted EBITDA		630,641			634,081

b)	The assets and liabilities by operating segments (and business sector) as of September 30, 2022 and December 31, 2021 are as follows:

Assets and liabilities by geography as of September 30, 2022:

	North America		South America		EMEA		Balance as of September 30, 2022
	($ in thousands)
Assets allocated
Contracted concessional assets		3,191,373		1,274,981		2,872,095		7,338,449
Investments carried under the equity method		222,624		-		45,528		268,151
Current financial investments		117,327		29,244		43,498		190,069
Cash and cash equivalents (project companies)		211,483		99,880		364,179		675,542
Subtotal allocated		3,742,807		1,404,105		3,325,300		8,472,211
Unallocated assets
Other non-current assets								305,507
Other current assets (including cash and cash equivalents at holding company level)								368,614
Subtotal unallocated								674,121
Total assets								9,146,332

	North America		South America		EMEA		Balance as of September 30, 2022
	($ in thousands)
Liabilities allocated
Long-term and short-term project debt		1,771,257		857,401		1,993,282		4,621,940
Grants and other liabilities		1,019,619		25,115		197,325		1,242,059
Subtotal allocated		2,790,876		882,516		2,190,607		5,863,999
Unallocated liabilities
Long-term and short-term corporate debt								955,540
Other non-current liabilities								344,293
Other current liabilities								177,132
Subtotal unallocated								1,476,965
Total liabilities								7,340,964
Equity unallocated								1,805,368
Total liabilities and equity unallocated								3,282,333
Total liabilities and equity								9,146,332

Assets and liabilities by geography as of December 31, 2021:

	North America		South America		EMEA		Balance as of December 31, 2021
	($ in thousands)
Assets allocated
Contracted concessional assets		3,355,669		1,231,276		3,434,623		8,021,568
Investments carried under the equity method		253,221		-		41,360		294,581
Current financial investments		135,224		28,155		44,000		207,379
Cash and cash equivalents (project companies)		171,744		74,149		287,655		533,548
Subtotal allocated		3,915,858		1,333,580		3,807,638		9,057,076
Unallocated assets
Other non-current assets								268,876
Other current assets (including cash and cash equivalents at holding company level)								425,978
Subtotal unallocated								694,854
Total assets								9,751,930

	North America		South America		EMEA		Balance as of December 31, 2021
	($ in thousands)
Liabilities allocated
Long-term and short-term project debt		1,792,739		887,497		2,355,957		5,036,193
Grants and other liabilities		1,051,679		14,445		197,620		1,263,744
Subtotal allocated		2,844,418		901,942		2,553,577		6,299,937
Unallocated liabilities
Long-term and short-term corporate debt								1,023,071
Other non-current liabilities								532,312
Other current liabilities								148,005
Subtotal unallocated								1,703,388
Total liabilities								8,003,325
Equity unallocated								1,748,605
Total liabilities and equity unallocated								3,451,993
Total liabilities and equity								9,751,930

Assets and liabilities by business sector as of September 30, 2022:

	Renewable energy		Efficient natural gas & heat		Transmission lines		Water		Balance as of September 30, 2022
	($ in thousands)
Assets allocated
Contracted concessional assets		5,893,598		476,590		806,781		161,480		7,338,449
Investments carried under the equity method		211,156		13,841		-		43,154		268,151
Current financial investments		4,091		115,893		28,999		41,086		190,069
Cash and cash equivalents (project companies)		514,378		67,744		66,008		27,412		675,542
Subtotal allocated		6,623,223		674,068		901,788		273,132		8,472,211
Unallocated assets
Other non-current assets										305,507
Other current assets (including cash and cash equivalents at holding company level)										368,614
Subtotal unallocated										674,121
Total assets										9,146,332

	Renewable energy		Efficient natural gas & heat		Transmission lines		Water		Balance as of September 30, 2022
	($ in thousands)
Liabilities allocated
Long-term and short-term project debt		3,483,395		452,360		598,626		87,559		4,621,940
Grants and other liabilities		1,201,593		31,998		6,118		2,350		1,242,059
Subtotal allocated		4,684,988		484,358		604,744		89,909		5,863,999
Unallocated liabilities
Long-term and short-term corporate debt										955,540
Other non-current liabilities										344,293
Other current liabilities										177,132
Subtotal unallocated										1,476,965
Total liabilities										7,340,964
Equity unallocated										1,805,368
Total liabilities and equity unallocated										3,282,333
Total liabilities and equity										9,146,332

Assets and liabilities by business sector as of December 31, 2021:

	Renewable energy		Efficient natural gas & heat		Transmission lines		Water		Balance as of December 31, 2021
	($ in thousands)
Assets allocated
Contracted concessional assets		6,533,408		517,247		805,987		164,926		8,021,568
Investments carried under the equity method		240,302		15,358		-		38,921		294,581
Current financial investments		10,761		128,461		27,813		40,344		207,379
Cash and cash equivalents (project companies)		442,213		25,392		44,574		21,369		533,548
Subtotal allocated		7,226,684		686,458		878,374		265,560		9,057,076
Unallocated assets
Other non-current assets										268,876
Other current assets (including cash and cash equivalents at holding company level)										425,978
Subtotal unallocated										694,854
Total assets										9,751,930

	Renewable energy		Efficient natural gas & heat		Transmission lines		Water		Balance as of December 31, 2021
	($ in thousands)
Liabilities allocated
Long-term and short-term project debt		3,857,313		478,724		602,278		97,878		5,036,193
Grants and other liabilities		1,244,346		11,212		5,795		2,391		1,263,744
Subtotal allocated		5,101,659		489,936		608,073		100,269		6,299,937
Unallocated liabilities
Long-term and short-term corporate debt										1,023,071
Other non-current liabilities										532,312
Other current liabilities										148,005
Subtotal unallocated										1,703,388
Total liabilities										8,003,325
Equity unallocated										1,748,605
Total liabilities and equity unallocated										3,451,993
Total liabilities and equity										9,751,930

c)	The amount of depreciation, amortization and impairment charges recognized for the nine-month periods ended September 30, 2022 and 2021 are as follows:

	For the nine-month period ended September 30,
Depreciation, amortization and impairment by geography	2022			2021
	($ in thousands)
North America		(167,497	)		(119,196	)
South America		(46,467	)		(43,388	)
EMEA		(160,095	)		(172,332	)
Total		(374,059	)		(334,916	)

	For the nine-month period ended September 30,
Depreciation, amortization and impairment by business sectors	2022			2021
	($ in thousands)
Renewable energy		(322,183	)		(334,513	)
Efficient natural gas & heat		(23,884	)		22,956
Transmission lines		(26,321	)		(24,194	)
Water		(1,671	)		836
Total		(374,059	)		(334,916	)