Business Segment Information (Notes)

6 Months Ended

Jun. 30, 2021

Segment Reporting Information [Line Items]

Segment Reporting Disclosure [Text Block]

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 AES Indiana, which is a vertically integrated electric utility. IPALCO’s reportable business segment is its utility segment, with all other nonutility business activities aggregated separately. The “All Other” nonutility category primarily includes the 2024 IPALCO Notes and 2030 IPALCO Notes and related interest expense, balance

associated with IPALCO's interest rate hedges, cash and other immaterial balances. 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):

	Three Months Ended						Three Months Ended
	June 30, 2021						June 30, 2020
	Utility		All Other		Total		Utility		All Other		Total
Revenues	$	330,587	$	—	$	330,587	$	311,503	$	—	$	311,503
Depreciation and amortization	$	62,994	$	—	$	62,994	$	61,099	$	—	$	61,099
Interest expense	$	21,255	$	10,944	$	32,199	$	21,882	$	12,053	$	33,935
Earnings/(loss) from operations before income tax	$	32,587	$	(10,872)	$	21,715	$	38,770	$	(14,482)	$	24,288
	Six Months Ended						Six Months Ended
	June 30, 2021						June 30, 2020
	Utility		All Other		Total		Utility		All Other		Total
Revenues	$	692,788	$	—	$	692,788	$	668,885	$	—	$	668,885
Depreciation and amortization	$	126,083	$	—	$	126,083	$	121,807	$	—	$	121,807
Interest expense	$	42,776	$	19,490	$	62,266	$	43,802	$	20,214	$	64,016
Earnings/(loss) from operations before income tax	$	89,882	$	(19,348)	$	70,534	$	93,737	$	(23,694)	$	70,043
Capital expenditures(1)	$	132,341	$	—	$	132,341	$	92,848	$	—	$	92,848
	As of June 30, 2021						As of December 31, 2020
	Utility		All Other		Total		Utility		All Other		Total
Total assets	$	4,975,344	$	18,861	$	4,994,205	$	4,952,408	$	17,511	$	4,969,919