Information By Business Segments (Tables)

12 Months Ended

Dec. 31, 2015

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, 2015:
Operating revenues	$	1,411,863	$	44,778	$	1,456,641	$	28,685		$	(550	)	$	1,484,776
Resource costs	644,991		11,973		656,964		—			—			656,964
Other operating expenses	292,096		11,125		303,221		30,076			(550		)	332,747
Depreciation and amortization	138,236		5,263		143,499		695			—			144,194
Income (loss) from operations	241,228		14,072		255,300		(2,086		)	—			253,214
Interest expense (2)	76,405		3,558		79,963		610			(132		)	80,441
Income taxes	64,489		4,202		68,691		(1,242		)	—			67,449
Net income (loss) from continuing operations attributable to Avista Corp. shareholders	113,360		6,641		120,001		(1,921		)	—			118,080
Capital expenditures (3)	381,174		12,251		393,425		885			—			394,310
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
Total Assets:
As of December 31, 2015	$	4,601,708	$	265,735	$	4,867,443	$	39,206		$	—		$	4,906,649
As of December 31, 2014 (4)	$	4,357,760	$	263,070	$	4,620,830	$	80,141		$	—		$	4,700,971
As of December 31, 2013 (4) (5)	$	3,930,251	$	—	$	3,930,251	$	81,282		$	—		$	4,011,533


(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 for 2014 and 2013 are related to Ecova.

(4)

The total assets balances as of December 31, 2014 and December 31, 2013 were updated to reflect the adoption of FASB ASU No. 2015-03, "Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs" as of December 31, 2015, which resulted in the reclassification of long-term debt issuance costs from an asset to a reduction of long-term debt. See Note 2 of the Notes to Consolidated Financial Statements for further discussion of the adoption of this ASU.


(5)	The total assets as of December 31, 2013 exclude the total assets associated with Ecova of $339.6 million.