Information By Business Segments

3 Months Ended

Mar. 31, 2016

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. AEL&P is a separate reportable business segment as it has separate financial reports that are reviewed in detail by the Chief Operating Decision Maker and its operations and risks are sufficiently different from Avista Utilities and the other businesses at AERC that it cannot be aggregated with any other operating segments. All goodwill associated with the AERC acquisition in 2014 was assigned to the AEL&P reportable business segment. The Other category, which is not a reportable segment, includes Spokane Energy, which was dissolved during the third quarter of 2015, 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		Alaska Electric Light and Power Company		Total Utility		Other			Intersegment Eliminations (1)			Total
For the three months ended March 31, 2016:
Operating revenues	$	400,147	$	12,646	$	412,793	$	5,380		$	—		$	418,173
Resource costs	159,078		2,641		161,719		—			—			161,719
Other operating expenses	73,256		2,523		75,779		5,825			—			81,604
Depreciation and amortization	37,866		1,326		39,192		188			—			39,380
Income (loss) from operations	101,245		5,473		106,718		(633		)	—			106,085
Interest expense (2)	20,418		895		21,313		161			(63		)	21,411
Income taxes	30,269		1,895		32,164		(222		)	—			31,942
Net income (loss) attributable to Avista Corp. shareholders	53,390		2,961		56,351		(299		)	—			56,052
Capital expenditures (3)	84,435		4,443		88,878		119			—			88,997
For the three months ended March 31, 2015:
Operating revenues	$	424,083	$	12,774	$	436,857	$	10,083		$	(450	)	$	446,490
Resource costs	206,660		2,900		209,560		—			—			209,560
Other operating expenses	70,409		2,763		73,172		10,266			(450		)	82,988
Depreciation and amortization	32,997		1,303		34,300		169			—			34,469
Income (loss) from operations	84,788		5,139		89,927		(352		)	—			89,575
Interest expense (2)	18,968		904		19,872		164			(22		)	20,014
Income taxes	24,888		1,684		26,572		(325		)	—			26,247
Net income (loss) attributable to Avista Corp. shareholders	44,384		2,634		47,018		(569		)	—			46,449
Capital expenditures (3)	81,212		385		81,597		412			—			82,009
Total Assets:
As of March 31, 2016:	$	4,645,714	$	269,036	$	4,914,750	$	41,263		$	—		$	4,956,013
As of December 31, 2015:	$	4,601,708	$	265,735	$	4,867,443	$	39,206		$	—		$	4,906,649

(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 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 Condensed Consolidated Statements of Cash Flows.