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Business Segment Information
 12 Months Ended
Dec. 31, 2019
Entity Information [Line Items]  
Business Segment Information BUSINESS SEGMENT INFORMATION

Operating segments are components of an enterprise that engage in business activities from which it may earn revenues and incur expenses, for which separate financial information is available, and is evaluated regularly by the chief operating decision maker in assessing performance and deciding how to allocate resources. Substantially all of our business consists of the generation, transmission, distribution and sale of electric energy conducted through IPL which is a vertically integrated electric utility. IPALCO’s reportable business segment is its utility segment, with all other non-utility business activities aggregated separately. The "All Other" non-utility category primarily includes the Term Loan, 2020 IPALCO Notes and 2024 IPALCO Notes; approximately $6.0 million and $6.4 million of cash and cash equivalents, as of December 31, 2019 and 2018, respectively; long-term investments of $2.8 million and $4.0 million as of December 31, 2019 and 2018, respectively; long-term liabilities for interest rate hedges of $26.6 million and $0 million as of December 31, 2019 and December 31, 2018, respectively; and income taxes and interest related to those items. All other assets represented less than 1% of IPALCO’s total assets as of December 31, 2019 and 2018. The accounting policies of the identified segment are consistent with those policies and procedures described in the summary of significant accounting policies.

The following table provides information about IPALCO’s business segments (in thousands):
 
 
2019
 
2018
 
2017
 
 
Utility
 
All Other
 
Total
 
Utility
 
All Other
 
Total
 
Utility
 
All Other
 
Total
Revenues
 
$
1,481,643

 
$
—

 
$
1,481,643

 
$
1,450,505

 
$
—

 
$
1,450,505

 
$
1,349,588

 
$
—

 
$
1,349,588

Depreciation and amortization
 
$
240,314

 
$
—

 
$
240,314

 
$
232,332

 
$
—

 
$
232,332

 
$
208,451

 
$
—

 
$
208,451

Interest expense
 
$
89,014

 
$
32,757

 
$
121,771

 
$
64,472

 
$
31,037

 
$
95,509

 
$
65,340

 
$
35,790

 
$
101,130

Earnings/(loss) from operations before income tax
 
$
200,707

 
$
(32,786
)
 
$
167,921

 
$
178,953

 
$
(31,479
)
 
$
147,474

 
$
202,106

 
$
(44,362
)
 
$
157,744

Capital expenditures(1)
 
$
219,242

 
$
—

 
$
219,242

 
$
235,764

 
$
—

 
$
235,764

 
$
228,861

 
$
—

 
$
228,861

(1) Capital expenditures includes $5.6 million, $11.4 million and $10.6 million of payments for financed capital expenditures in 2019, 2018 and 2017, respectively.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2019
 
As of December 31, 2018
 
As of December 31, 2017
Total assets
 
$
4,918,408

 
$
10,261

 
$
4,928,669

 
$
4,851,712

 
$
10,341

 
$
4,862,053

 
$
4,719,547

 
$
21,014

 
$
4,740,561

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Indianapolis Power And Light Company  
Entity Information [Line Items]  
Business Segment Information BUSINESS SEGMENT INFORMATION

Operating segments are components of an enterprise for which separate financial information is available and is evaluated regularly by the chief operating decision maker in assessing performance and deciding how to allocate resources. All of IPL’s current business consists of the generation, transmission, distribution and sale of electric energy, and therefore IPL had only one reportable segment.