Financial information by segment (Tables)

9 Months Ended

Sep. 30, 2024

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 segment and business sector for the nine-month periods ended September 30, 2024 and 2023:

	Revenue				Adjusted EBITDA
	For the nine-month period ended September 30,				For the nine-month period ended September 30,
	($ in thousands)
Geography	2024		2023		2024		2023
North America		372,143		338,745		279,708		260,684
South America		140,779		140,269		108,406		112,049
EMEA		405,822		379,569		269,427		254,548
Total		918,744		858,583		657,541		627,281

	Revenue				Adjusted EBITDA
	For the nine-month period ended September 30,				For the nine-month period ended September 30,
	($ in thousands)
Business sectors	2024		2023		2024		2023
Renewable energy		675,657		640,117		476,872		460,442
Efficient natural gas & heat		107,344		84,974		79,515		66,526
Transmission lines		92,732		91,825		74,652		73,256
Water		43,011		41,667		26,502		27,057
Total		918,744		858,583		657,541		627,281

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)
	2024		2023
Profit attributable to the Company		32,676		46,050
Profit attributable to non-controlling interest		6,482		2,846
Income tax		28,919		11,587
Financial expense, net		254,710		237,924
Depreciation, amortization, and impairment charges		325,578		310,502
Depreciation and amortization, financial expense and income tax expense of unconsolidated affiliates (pro rata of Atlantica’s equity ownership)		9,176		18,372
Total segment Adjusted EBITDA		657,541		627,281

Assets and liabilities by geography

b) The assets and liabilities by operating segment and business sector as of September 30, 2024, and December 31, 2023 are as follows:

Assets and liabilities by geography as of September 30, 2024:

	North America		South America		EMEA		Balance as of September 30, 2024
	($ in thousands)
Assets allocated
Contracted concessional, PP&E and other intangible assets		3,014,170		1,129,109		2,907,790		7,051,069
Investments carried under the equity method		162,142		5,154		44,756		212,052
Other current financial assets		122,562		32,941		46,490		201,993
Cash and cash equivalents (project companies)		177,961		98,883		138,092		414,936
Assets held for sale		2,000		39,242		-		41,242
Subtotal allocated		3,478,835		1,305,329		3,137,128		7,921,292
Unallocated assets
Other non-current assets								290,655
Other current assets (including cash and cash equivalents at holding company level)								378,487
Subtotal unallocated								669,142
Total assets								8,590,434

	North America		South America		EMEA		Balance as of September 30, 2024
	($ in thousands)
Liabilities allocated
Long-term and short-term project debt		1,602,854		743,538		1,901,951		4,248,343
Grants and other liabilities		908,210		34,333		186,698		1,129,241
Liabilities directly associated with the assets held for sale		-		53,723		-		53,723
Subtotal allocated		2,511,064		831,594		2,088,649		5,431,307
Unallocated liabilities
Long-term and short-term corporate debt								1,204,616
Other non-current liabilities								331,772
Other current liabilities								177,948
Subtotal unallocated								1,714,336
Total liabilities								7,145,643
Equity unallocated								1,444,791
Total liabilities and equity unallocated								3,159,127
Total liabilities and equity								8,590,434

Assets and liabilities by geography as of December 31, 2023:

	North America		South America		EMEA		Balance as of December 31, 2023
Assets allocated
Contracted concessional, PP&E and other intangible assets		3,063,019		1,184,599		2,956,649		7,204,267
Investments carried under the equity method		177,260		9,178		43,869		230,307
Other current financial assets		110,016		30,803		48,067		188,886
Cash and cash equivalents (project companies)		137,480		121,945		155,551		414,976
Assets held for sale		28,642		-		-		28,642
Subtotal allocated		3,516,417		1,346,525		3,204,136		8,067,078
Unallocated assets
Other non-current assets								297,577
Other current assets (including cash and cash equivalents at holding company level)								349,678
Subtotal unallocated								647,255
Total assets								8,714,333

	North America		South America		EMEA		Balance as of December 31, 2023
Liabilities allocated
Long-term and short-term project debt		1,629,278		808,481		1,881,501		4,319,260
Grants and other liabilities		945,888		36,307		251,613		1,233,808
Subtotal allocated		2,575,166		844,788		2,133,114		5,553,068
Unallocated liabilities
Long-term and short-term corporate debt								1,084,838
Other non-current liabilities								301,245
Other current liabilities								186,373
Subtotal unallocated								1,572,456
Total liabilities								7,125,524
Equity unallocated								1,588,809
Total liabilities and equity unallocated								3,161,265
Total liabilities and equity								8,714,333

Assets and liabilities by business sector

Assets and liabilities by business sector as of September 30, 2024:

	Renewable energy		Efficient natural gas & heat		Transmission lines		Water		Balance as of September 30, 2024
	($ in thousands)
Assets allocated
Contracted concessional assets, PP&E and other intangible assets		5,681,520		430,289		768,013		171,247		7,051,069
Investments carried under the equity method		171,246		-		-		40,806		212,052
Other current financial assets		5,033		121,997		31,064		43,899		201,993
Cash and cash equivalents (project companies)		304,718		31,022		65,650		13,546		414,936
Assets held for sale		41,242		-		-		-		41,242
Subtotal allocated		6,203,759		583,308		864,727		269,498		7,921,292
Unallocated assets
Other non-current assets										290,655
Other current assets (including cash and cash equivalents at holding company level)										378,487
Subtotal unallocated										669,142
Total assets										8,590,434

	Renewable energy		Efficient natural gas & Heat		Transmission lines		Water		Balance as of September 30, 2024
Liabilities allocated
Long-term and short-term project debt		3,250,365		374,393		555,282		68,303		4,248,343
Grants and other liabilities		1,080,095		33,632		12,925		2,589		1,129,241
Liabilities directly associated with the assets held for sale		53,723		-		-		-		53,723
Subtotal allocated		4,384,183		408,025		568,207		70,892		5,431,307
Unallocated liabilities
Long-term and short-term corporate debt										1,204,616
Other non-current liabilities										331,772
Other current liabilities										177,948
Subtotal unallocated										1,714,336
Total liabilities										7,145,643
Equity unallocated										1,444,791
Total liabilities and equity unallocated										3,159,127
Total liabilities and equity										8,590,434

Assets and liabilities by business sector as of December 31, 2023:

	Renewable energy		Efficient natural gas & heat		Transmission lines		Water		Balance as of December 31, 2023
Assets allocated
Contracted concessional, PP&E and other intangible assets		5,798,818		460,766		777,360		167,323		7,204,267
Investments carried under the equity method		189,672		-		-		40,635		230,307
Other current financial assets		10,866		103,907		30,746		43,367		188,886
Cash and cash equivalents (project companies)		299,987		35,098		58,004		21,887		414,976
Assets held for sale		-		28,642		-		-		28,642
Subtotal allocated		6,299,343		628,413		866,110		273,212		8,067,078
Unallocated assets
Other non-current assets										297,577
Other current assets (including cash and cash equivalents at holding company level)										349,678
Subtotal unallocated										647,255
Total assets										8,714,333

	Renewable energy		Efficient natural gas & heat		Transmission lines		Water		Balance as of December 31, 2023
Liabilities allocated
Long-term and short-term project debt		3,280,618		401,460		560,906		76,276		4,319,260
Grants and other liabilities		1,185,487		32,916		12,884		2,521		1,233,808
Subtotal allocated		4,466,105		434,376		573,790		78,797		5,553,068
Unallocated liabilities
Long-term and short-term corporate debt										1,084,838
Other non-current liabilities										301,245
Other current liabilities										186,373
Subtotal unallocated										1,572,456
Total liabilities										7,125,524
Equity unallocated										1,588,809
Total liabilities and equity unallocated										3,161,265
Total liabilities and equity										8,714,333

Depreciation, amortization and impairment charges recognized

c) The amount of depreciation, amortization and impairment charges recognized for the nine-month periods ended September 30, 2024 and 2023 are as follows:

	For the nine-month period ended September 30,
Depreciation, amortization and impairment by geography	2024			2023
	($ in thousands)
North America		(100,022	)		(103,001	)
South America		(60,449	)		(46,278	)
EMEA		(165,107	)		(161,223	)
Total		(325,578	)		(310,502	)

	For the nine-month period ended September 30,
Depreciation, amortization and impairment by business sectors	2024			2023
	($ in thousands)
Renewable energy		(306,923	)		(286,611	)
Efficient natural gas & heat		3,759			(2,196	)
Transmission lines		(23,107	)		(22,033	)
Water		693			338
Total		(325,578	)		(310,502	)