Selected Quarterly Financial Data

12 Months Ended

Dec. 31, 2014

Selected Quarterly Financial Information [Abstract]

Selected Quarterly Financial Data

SELECTED QUARTERLY FINANCIAL DATA (Unaudited)

The Company’s energy operations are significantly affected by weather conditions. Consequently, there can be large variances in revenues, expenses and net income between quarters based on seasonal factors such as, but not limited to, temperatures and streamflow conditions. During the second quarter of 2014, Avista Corp. reported Ecova as discontinued operations (see Note 5). Accordingly, periods prior to the second quarter of 2014 were restated to reflect Ecova as discontinued operations.

A summary of quarterly operations (in thousands, except per share amounts) for 2014 and 2013 follows:

	Three Months Ended
	March 31			June 30		September 30			December 31
2014
Operating revenues from continuing operations	$	446,578		$	312,580	$	301,558		$	411,846
Operating expenses from continuing operations	356,236			249,849		268,796			345,093
Income from continuing operations	$	90,342		$	62,731	$	32,762		$	66,753
Net income from continuing operations	$	47,466		$	31,270	$	10,526		$	30,604
Net income (loss) from discontinued operations	1,515			69,312		(55		)	1,639
Net income	48,981			100,582		10,471			32,243
Net loss (income) attributable to noncontrolling interests	(482		)	289		(20		)	(23		)
Net income attributable to Avista Corporation shareholders	$	48,499		$	100,871	$	10,451		$	32,220
Amounts attributable to Avista Corp. shareholders:
Net income from continuing operations attributable to Avista Corp. shareholders	$	47,476		$	31,254	$	10,506		$	30,581
Net income (loss) from discontinued operations attributable to Avista Corp. shareholders	1,023			69,617		(55		)	1,639
Net income attributable to Avista Corp. shareholders	$	48,499		$	100,871	$	10,451		$	32,220
Outstanding common stock:
Weighted average, basic	60,122			60,184		63,934			62,290
Weighted average, diluted	60,168			60,463		64,244			62,671
Earnings per common share attributable to Avista Corp. shareholders, diluted:
Earnings per common share from continuing operations	$	0.79		$	0.52	$	0.16		$	0.48
Earnings per common share from discontinued operations	0.02			1.15		—			0.03
Total earnings per common share attributable to Avista Corp. shareholders, diluted	$	0.81		$	1.67	$	0.16		$	0.51

	Three Months Ended
	March 31			June 30			September 30			December 31
2013
Operating revenues from continuing operations	$	440,499		$	307,488		$	289,477		$	404,280
Operating expenses from continuing operations	358,361			252,518			259,650			340,126
Income from continuing operations	$	82,138		$	54,970		$	29,827		$	64,154
Net income from continuing operations	$	41,219		$	24,239		$	8,483		$	30,392
Net income from discontinued operations	1,882			1,491			3,448			1,140
Net income	43,101			25,730			11,931			31,532
Net loss (income) attributable to noncontrolling interests	(760		)	(73		)	(518		)	134
Net income attributable to Avista Corporation shareholders	$	42,341		$	25,657		$	11,413		$	31,666
Amounts attributable to Avista Corp. shareholders:
Net income from continuing operations attributable to Avista Corp. shareholders	$	41,220		$	24,212		$	8,450		$	30,391
Net income from discontinued operations attributable to Avista Corp. shareholders	1,121			1,445			2,963			1,275
Net income attributable to Avista Corp. shareholders	$	42,341		$	25,657		$	11,413		$	31,666
Outstanding common stock:
Weighted average, basic	59,866			59,937			59,994			60,037
Weighted average, diluted	59,898			59,962			60,032			60,087
Earnings per common share attributable to Avista Corp. shareholders, diluted:
Earnings per common share from continuing operations	$	0.69		$	0.40		$	0.14		$	0.51
Earnings per common share from discontinued operations	0.02			0.03			0.05			0.02
Total earnings per common share attributable to Avista Corp. shareholders, diluted	$	0.71		$	0.43		$	0.19		$	0.53