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 June 30, 2016:
Operating revenues	$	302,641	$	10,247	$	312,888	$	5,950		$	—		$	318,838
Resource costs	106,607		3,208		109,815		—			—			109,815
Other operating expenses	75,790		2,876		78,666		6,281			—			84,947
Depreciation and amortization	38,351		1,327		39,678		192			—			39,870
Income (loss) from operations	59,862		2,252		62,114		(523		)	—			61,591
Interest expense (2)	20,462		895		21,357		149			(34		)	21,472
Income taxes (4)	16,349		676		17,025		(315		)	—			16,710
Net income (loss) from continuing operations attributable to Avista Corp. shareholders	26,771		1,058		27,829		(575		)	—			27,254
Capital expenditures (3)	88,048		5,889		93,937		46			—			93,983
For the three months ended June 30, 2015:
Operating revenues	$	320,698	$	10,232	$	330,930	$	6,502		$	(100	)	$	337,332
Resource costs	137,896		3,220		141,116		—			—			141,116
Other operating expenses	70,348		2,764		73,112		6,746			(100		)	79,758
Depreciation and amortization	34,351		1,325		35,676		165			—			35,841
Income (loss) from operations	55,415		2,354		57,769		(409		)	—			57,360
Interest expense (2)	18,969		895		19,864		147			(30		)	19,981
Income taxes	14,632		591		15,223		(207		)	—			15,016
Net income (loss) from continuing operations attributable to Avista Corp. shareholders	24,478		925		25,403		(353		)	—			25,050
Capital expenditures (3)	90,800		5,355		96,155		92			—			96,247
For the six months ended June 30, 2016:
Operating revenues	$	702,788	$	22,893	$	725,681	$	11,330		$	—		$	737,011
Resource costs	265,685		5,849		271,534		—			—			271,534
Other operating expenses	149,046		5,399		154,445		12,106			—			166,551
Depreciation and amortization	76,217		2,653		78,870		380			—			79,250
Income (loss) from operations	161,107		7,725		168,832		(1,156		)	—			167,676
Interest expense (2)	40,880		1,790		42,670		310			(97		)	42,883
Income taxes (4)	45,021		2,571		47,592		(537		)	—			47,055
Net income (loss) from continuing operations attributable to Avista Corp. shareholders	81,758		4,019		85,777		(874		)	—			84,903
Capital expenditures (3)	172,483		10,332		182,815		165			—			182,980



	Avista Utilities		Alaska Electric Light and Power Company		Total Utility		Other			Intersegment Eliminations (1)			Total
For the six months ended June 30, 2015:
Operating revenues	$	744,781	$	23,006	$	767,787	$	16,585		$	(550	)	$	783,822
Resource costs	344,556		6,120		350,676		—			—			350,676
Other operating expenses	140,757		5,527		146,284		17,012			(550		)	162,746
Depreciation and amortization	67,348		2,628		69,976		334			—			70,310
Income (loss) from operations	140,203		7,493		147,696		(761		)	—			146,935
Interest expense (2)	37,937		1,799		39,736		311			(52		)	39,995
Income taxes	39,520		2,275		41,795		(532		)	—			41,263
Net income (loss) from continuing operations attributable to Avista Corp. shareholders	68,862		3,559		72,421		(922		)	—			71,499
Capital expenditures (3)	172,012		5,740		177,752		504			—			178,256
Total Assets:
As of June 30, 2016:	$	4,742,362	$	272,344	$	5,014,706	$	54,315		$	—		$	5,069,021
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.

(4)

Income tax expense for the six months ended June 30, 2016 includes excess tax benefits of $1.6 million related to the adoption of ASU 2016-09 during the second quarter of 2016. The excess tax benefits are not included in the second quarter 2016 results as they were applied retroactively to January 1, 2016. See Note 2 of the Notes to Condensed Consolidated Financial Statements for further discussion.