Information By Business Segments

9 Months Ended

Sep. 30, 2013

Segment Reporting [Abstract]

Information by Business Segments

INFORMATION BY BUSINESS SEGMENTS

The business segment presentation reflects the basis used by the Company's management to analyze performance and determine the allocation of resources. The Company's management evaluates performance based on income (loss) from operations before income taxes as well as net income (loss) attributable to Avista Corp. shareholders. The accounting policies of the segments are the same as those described in the summary of significant accounting policies. Avista Utilities' business is managed based on the total regulated utility operation. Ecova is a provider of energy efficiency and other facility information and cost management programs and services for multi-site customers and utilities throughout North America. The Other category, which is not a reportable segment, includes Spokane Energy, other investments and operations of various subsidiaries, as well as certain other operations of Avista Capital.

The following table presents information for each of the Company’s business segments (dollars in thousands):

	Avista Utilities		Ecova		Other			Total Non-Utility			Intersegment Eliminations (1)			Total
For the three months ended September 30, 2013:
Operating revenues	$	278,923	$	46,398	$	11,004		$	57,402		$	(450	)	$	335,875
Resource costs	131,136		—		—			—			—			131,136
Other operating expenses	69,596		37,047		10,662			47,709			(450		)	116,855
Depreciation and amortization	29,823		3,909		171			4,080			—			33,903
Income from operations	29,657		5,442		170			5,612			—			35,269
Interest expense (2)	18,837		398		525			923			(77		)	19,683
Income taxes	3,945		2,092		(578		)	1,514			—			5,459
Net income (loss) attributable to Avista Corporation shareholders	9,447		3,040		(1,074		)	1,966			—			11,413
Capital expenditures	75,368		357		24			381			—			75,749
For the three months ended September 30, 2012:
Operating revenues	$	292,535	$	38,617	$	9,930		$	48,547		$	(450	)	$	340,632
Resource costs	153,801		—		—			—			—			153,801
Other operating expenses	66,456		33,868		10,581			44,449			(450		)	110,455
Depreciation and amortization	28,255		3,260		131			3,391			—			31,646
Income from operations	25,901		1,489		(782		)	707			—			26,608
Interest expense (2)	18,001		530		824			1,354			(91		)	19,264
Income taxes	2,590		495		(1,477		)	(982		)	—			1,608
Net income (loss) attributable to Avista Corporation shareholders	7,660		640		(2,514		)	(1,874		)	—			5,786
Capital expenditures	57,964		1,023		619			1,642			—			59,606
For the nine months ended September 30, 2013:
Operating revenues	$	1,008,669	$	133,365	$	30,145		$	163,510		$	(1,350	)	$	1,170,829
Resource costs	487,277		—		—			—			—			487,277
Other operating expenses	200,824		110,753		30,322			141,075			(1,350		)	340,549
Depreciation and amortization	86,783		11,474		536			12,010			—			98,793
Income from operations	167,648		11,138		(713		)	10,425			—			178,073
Interest expense (2)	56,635		1,265		1,801			3,066			(230		)	59,471
Income taxes	43,278		4,178		(1,349		)	2,829			—			46,107
Net income (loss) attributable to Avista Corporation shareholders	76,265		5,759		(2,613		)	3,146			—			79,411
Capital expenditures	220,712		1,586		139			1,725			—			222,437
For the nine months ended September 30, 2012:
Operating revenues	$	992,210	$	115,707	$	29,907		$	145,614		$	(1,350	)	$	1,136,474
Resource costs	500,805		—		—			—			—			500,805
Other operating expenses	196,759		104,392		29,830			134,222			(1,350		)	329,631
Depreciation and amortization	83,327		9,455		511			9,966			—			93,293
Income from operations	147,596		1,860		(434		)	1,426			—			149,022
Interest expense (2)	54,148		1,301		2,691			3,992			(274		)	57,866
Income taxes	34,425		918		(2,237		)	(1,319		)	—			33,106
Net income (loss) attributable to Avista Corporation shareholders	65,157		962		(3,767		)	(2,805		)	—			62,352
Capital expenditures	178,440		3,248		660			3,908			—			182,348
Total Assets:
As of September 30, 2013:	$	3,961,718	$	353,128	$	87,156		$	440,284		$	—		$	4,402,002
As of December 31, 2012:	$	3,894,821	$	322,720	$	95,638		$	418,358		$	—		$	4,313,179

(1) Intersegment eliminations reported as operating revenues and resource costs represent intercompany purchases and sales of electric capacity and energy. Intersegment eliminations reported as interest expense represent intercompany interest.

(2) Including interest expense to affiliated trusts.