Information By Business Segments

12 Months Ended

Dec. 31, 2014

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; therefore, it is considered one segment. Ecova was a provider of facility information and cost management services for multi-site customers throughout North America. The Ecova business segment was disposed of as of June 30, 2014. All income statement amounts were reclassified to discontinued operations on the Consolidated Statements of Income for all periods presented. 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. On July 1, 2014, the Company completed its acquisition of AERC. Based on the way AERC is managed and the financial reports that are reviewed by the Chief Operating Decision Maker, AEL&P, the primary subsidiary of AERC is considered a separate reportable business segment and the remaining activities of AERC are included in the Other category. All goodwill associated with the AERC acquisition was assigned to the AEL&P reportable business segment.

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

	Avista Utilities		Alaska Electric Light and Power Company		Total Utility		Other			Intersegment Eliminations (1)			Total
For the year ended December 31, 2014:
Operating revenues	$	1,413,499	$	21,644	$	1,435,143	$	39,219		$	(1,800	)	$	1,472,562
Resource costs	672,344		5,900		678,244		—			—			678,244
Other operating expenses	280,964		5,868		286,832		32,218			(1,800		)	317,250
Depreciation and amortization	126,987		2,583		129,570		610			—			130,180
Income from operations	239,976		6,221		246,197		6,391			—			252,588
Interest expense (2)	73,750		1,382		75,132		1,004			(384		)	75,752
Income taxes	67,634		1,816		69,450		2,790			—			72,240
Net income from continuing operations attributable to Avista Corp. shareholders	113,263		3,152		116,415		3,236			166			119,817
Capital expenditures (3)	323,931		1,585		325,516		406			—			325,922
For the year ended December 31, 2013:
Operating revenues	$	1,403,995	$	—	$	1,403,995	$	39,549		$	(1,800	)	$	1,441,744
Resource costs	689,586		—		689,586		—			—			689,586
Other operating expenses	276,228		—		276,228		40,451			(1,800		)	314,879
Depreciation and amortization	117,174		—		117,174		581			—			117,755
Income (loss) from operations	232,572		—		232,572		(1,483		)	—			231,089
Interest expense (2)	75,663		—		75,663		2,247			(325		)	77,585
Income taxes	60,472		—		60,472		(2,458		)	—			58,014
Net income (loss) from continuing operations attributable to Avista Corp. shareholders	108,598		—		108,598		(4,650		)	325			104,273
Capital expenditures (3)	294,363		—		294,363		371			—			294,734

	Avista Utilities		Alaska Electric Light and Power Company		Total Utility		Other			Intersegment Eliminations (1)			Total
For the year ended December 31, 2012:
Operating revenues	$	1,354,185	$	—	$	1,354,185	$	38,953		$	(1,800	)	$	1,391,338
Resource costs	693,127		—		693,127		—			—			693,127
Other operating expenses	276,780		—		276,780		39,841			(1,800		)	314,821
Depreciation and amortization	112,091		—		112,091		792			—			112,883
Income (loss) from operations	188,778		—		188,778		(1,680		)	—			187,098
Interest expense (2)	72,552		—		72,552		3,437			(344		)	75,645
Income taxes	42,842		—		42,842		(3,078		)	—			39,764
Net income (loss) from continuing operations attributable to Avista Corp. shareholders	81,704		—		81,704		(5,319		)	334			76,719
Capital expenditures (3)	271,187		—		271,187		666			—			271,853
Total Assets:
As of December 31, 2014	$	4,367,926	$	264,195	$	4,632,121	$	80,210		$	—		$	4,712,331
As of December 31, 2013 (4)	$	3,940,998	$	—	$	3,940,998	$	81,282		$	—		$	4,022,280

(1) Intersegment eliminations reported as operating revenues and resource costs represent intercompany purchases and sales of electric capacity and energy between Avista Utilities and Spokane Energy (included in other). Intersegment eliminations reported as interest expense and net income (loss) attributable to Avista Corp. shareholders represent intercompany interest.

(2) Including interest expense to affiliated trusts.

(3) The capital expenditures for the other businesses are included as other capital expenditures on the Consolidated Statements of Cash Flows. The remainder of the balance included in other capital expenditures on the Consolidated Statements of Cash Flows are related to Ecova.

(4) The consolidated total assets presented here as of December 31, 2013 exclude total assets at Ecova of $339.6 million.