Financial information by segment (Tables)

9 Months Ended

Sep. 30, 2023

a)	The following tables show Revenue and Adjusted EBITDA by operating segments and business sectors for the nine-month periods ended September 30, 2023 and 2022:

	Revenue				Adjusted EBITDA
	For the nine-month period ended September 30,				For the nine-month period ended September 30,
	($ in thousands)
Geography	2023		2022		2023		2022
North America		338,745		323,693		260,684		258,161
South America		140,269		122,549		112,049		95,080
EMEA		379,569		412,163		254,548		277,400
Total		858,583		858,405		627,281		630,641

	Revenue				Adjusted EBITDA
	For the nine-month period ended September 30,				For the nine-month period ended September 30,
	($ in thousands)
Business sectors	2023		2022		2023		2022
Renewable energy		640,117		652,757		460,442		469,851
Efficient natural gas & heat		84,974		81,944		66,526		66,808
Transmission lines		91,825		83,278		73,256		66,226
Water		41,667		40,424		27,057		27,756
Total		858,583		858,405		627,281		630,641

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)
	2023		2022
Profit/(loss) attributable to the Company		46,050		(9,473	)
Profit attributable to non-controlling interests		2,846		11,278
Income tax (benefit)/expense		11,587		12,975
Financial expense, net		237,924		224,893
Depreciation, amortization, and impairment charges		310,502		374,059
Depreciation and amortization, financial expense and income tax expense of unconsolidated affiliates (pro rata of Atlantica’s equity ownership)		18,372		16,909
Total segment Adjusted EBITDA		627,281		630,641

b)	The assets and liabilities by operating segments and business sector as of September 30, 2023, and December 31, 2022 are as follows:

Assets and liabilities by geography as of September 30, 2023:

	North America		South America		EMEA		Balance as of September 30, 2023
	($ in thousands)
Assets allocated
Contracted concessional, PP&E and other intangible assets		3,081,319		1,210,839		2,893,257		7,185,415
Investments carried under the equity method		195,434		7,769		40,695		243,898
Other current financial assets		97,798		31,068		44,666		173,532
Cash and cash equivalents (project companies)		165,905		132,816		247,657		546,378
Subtotal allocated		3,540,456		1,382,492		3,226,275		8,149,223
Unallocated assets
Other non-current assets								349,275
Other current assets (including cash and cash equivalents at holding company level)								363,145
Subtotal unallocated								712,420
Total assets								8,861,643

	North America		South America		EMEA		Balance as of September 30, 2023
	($ in thousands)
Liabilities allocated
Long-term and short-term project debt		1,686,999		826,049		1,899,016		4,412,064
Grants and other liabilities		953,880		34,776		248,194		1,236,850
Subtotal allocated		2,640,879		860,825		2,147,210		5,648,914
Unallocated liabilities
Long-term and short-term corporate debt								1,046,608
Other non-current liabilities								294,414
Other current liabilities								178,894
Subtotal unallocated								1,519,916
Total liabilities								7,168,830
Equity unallocated								1,692,813
Total liabilities and equity unallocated								3,212,729
Total liabilities and equity								8,861,643

Assets and liabilities by geography as of December 31, 2022:

	North America		South America		EMEA		Balance as of December 31, 2022
Assets allocated
Contracted concessional, PP&E and other intangible assets		3,167,490		1,241,879		3,073,889		7,483,259
Investments carried under the equity method		210,704		4,450		44,878		260,031
Other current financial assets		118,385		31,136		46,373		195,893
Cash and cash equivalents (project companies)		187,568		85,697		266,557		539,822
Subtotal allocated		3,684,147		1,363,162		3,431,697		8,479,005
Unallocated assets
Other non-current assets								325,893
Other current assets (including cash and cash equivalents at holding company level)								296,013
Subtotal unallocated								621,906
Total assets								9,100,911

	North America		South America		EMEA		Balance as of December 31, 2022
Liabilities allocated
Long-term and short-term project debt		1,713,125		841,906		1,998,021		4,553,052
Grants and other liabilities		994,874		25,031		232,608		1,252,513
Subtotal allocated		2,707,999		866,937		2,230,629		5,805,565
Unallocated liabilities
Long-term and short-term corporate debt								1,017,200
Other non-current liabilities								313,328
Other current liabilities								175,771
Subtotal unallocated								1,506,299
Total liabilities								7,311,864
Equity unallocated								1,789,047
Total liabilities and equity unallocated								3,295,346
Total liabilities and equity								9,100,911

Assets and liabilities by business sector as of September 30, 2023:

	Renewable energy		Efficient natural gas & heat		Transmission lines		Water		Balance as of September 30, 2023
	($ in thousands)
Assets allocated
Contracted concessional assets, PP&E and other intangible assets		5,773,740		463,204		785,309		163,162		7,185,415
Investments carried under the equity method		190,325		11,514		4,202		37,857		243,898
Other current financial assets		2,752		96,793		30,710		43,277		173,532
Cash and cash equivalents (project companies)		417,175		31,195		73,376		24,632		546,378
Subtotal allocated		6,383,992		602,706		893,597		268,928		8,149,223
Unallocated assets
Other non-current assets										349,275
Other current assets (including cash and cash equivalents at holding company level)										363,145
Subtotal unallocated										712,420
Total assets										8,861,643

	Renewable energy		Efficient natural gas & Heat		Transmission lines		Water		Balance as of September 30, 2023
Liabilities allocated
Long-term and short-term project debt		3,345,074		411,799		577,773		77,418		4,412,064
Grants and other liabilities		1,189,637		31,930		12,829		2,454		1,236,850
Subtotal allocated		4,534,711		443,729		590,602		79,872		5,648,914
Unallocated liabilities
Long-term and short-term corporate debt										1,046,608
Other non-current liabilities										294,414
Other current liabilities										178,894
Subtotal unallocated										1,519,916
Total liabilities										7,168,830
Equity unallocated										1,692,813
Total liabilities and equity unallocated										3,212,729
Total liabilities and equity										8,861,643

Assets and liabilities by business sector as of December 31, 2022:

	Renewable energy		Efficient natural gas & Heat		Transmission lines		Water		Balance as of December 31, 2022
Assets allocated
Contracted concessional, PP&E and other intangible assets		6,035,091		485,431		800,067		162,670		7,483,259
Investments carried under the equity method		203,420		10,034		4,450		42,128		260,031
Other current financial assets		6,706		116,366		30,582		42,240		195,893
Cash and cash equivalents (project companies)		392,577		73,673		48,073		25,498		539,822
Subtotal allocated		6,637,794		685,504		883,172		272,536		8,479,005
Unallocated assets
Other non-current assets										325,893
Other current assets (including cash and cash equivalents at holding company level)										296,013
Subtotal unallocated										621,906
Total assets										9,100,911

	Renewable energy		Efficient natural gas & Heat		Transmission lines		Water		Balance as of December 31, 2022
Liabilities allocated
Long-term and short-term project debt		3,442,625		440,999		582,689		86,739		4,553,052
Grants and other liabilities		1,211,878		32,138		6,040		2,457		1,252,513
Subtotal allocated		4,654,503		473,137		588,729		89,196		5,805,565
Unallocated liabilities
Long-term and short-term corporate debt										1,017,200
Other non-current liabilities										313,328
Other current liabilities										175,771
Subtotal unallocated										1,506,299
Total liabilities										7,311,864
Equity unallocated										1,789,047
Total liabilities and equity unallocated										3,295,346
Total liabilities and equity										9,100,911

c)	The amount of depreciation, amortization and impairment charges recognized for the nine-month periods ended September 30, 2023 and 2022 are as follows:

	For the nine-month period ended September 30,
Depreciation, amortization and impairment by geography	2023			2022
	($ in thousands)
North America		(103,001	)		(167,497	)
South America		(46,278	)		(46,467	)
EMEA		(161,223	)		(160,095	)
Total		(310,502	)		(374,059	)

	For the nine-month period ended September 30,
Depreciation, amortization and impairment by business sectors	2023			2022
	($ in thousands)
Renewable energy		(286,611	)		(322,183	)
Efficient natural gas & heat		(2,196	)		(23,884	)
Transmission lines		(22,033	)		(26,321	)
Water		338			(1,671	)
Total		(310,502	)		(374,059	)