Selected Quarterly Financial Data

12 Months Ended

Dec. 31, 2015

Selected Quarterly Financial Information [Abstract]

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 2015 and 2014 follows:



	Three Months Ended
	March 31			June 30			September 30			December 31
2015
Operating revenues from continuing operations	$	446,490		$	337,332		$	313,649		$	387,305
Operating expenses from continuing operations	356,915			279,972			277,737			316,938
Income from continuing operations	$	89,575		$	57,360		$	35,912		$	70,367
Net income from continuing operations	$	46,462		$	25,078		$	12,754		$	33,876
Net income from discontinued operations	—			196			289			4,662
Net income	46,462			25,274			13,043			38,538
Net income attributable to noncontrolling interests	(13		)	(28		)	(32		)	(17		)
Net income attributable to Avista Corporation shareholders	$	46,449		$	25,246		$	13,011		$	38,521
Amounts attributable to Avista Corp. shareholders:
Net income from continuing operations attributable to Avista Corp. shareholders	$	46,449		$	25,050		$	12,722		$	33,859
Net income from discontinued operations attributable to Avista Corp. shareholders	—			196			289			4,662
Net income attributable to Avista Corp. shareholders	$	46,449		$	25,246		$	13,011		$	38,521
Outstanding common stock:
Weighted average, basic	62,318			62,281			62,299			62,308
Weighted average, diluted	62,889			62,600			62,688			62,758
Earnings per common share attributable to Avista Corp. shareholders, diluted:
Earnings per common share from continuing operations	$	0.74		$	0.40		$	0.21		$	0.54
Earnings per common share from discontinued operations	—			—			—			0.07
Total earnings per common share attributable to Avista Corp. shareholders, diluted	$	0.74		$	0.40		$	0.21		$	0.61



	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