Information By Business Segments (Tables)

12 Months Ended

Dec. 31, 2018

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, 2018:
Operating revenues	$	1,325,966	$	43,599	$	1,369,565	$	27,328		$	—		$	1,396,893
Resource costs	485,231		9,505		494,736		—			—			494,736
Other operating expenses (2)	309,501		12,491		321,992		28,081			—			350,073
Depreciation and amortization	177,006		5,871		182,877		799			—			183,676
Income (loss) from operations	248,000		14,665		262,665		(1,552		)	—			261,113
Interest expense (3)	96,738		3,584		100,322		1,694			(1,080		)	100,936
Income taxes	25,259		3,094		28,353		(2,293		)	—			26,060
Net income (loss) from continuing operations attributable to Avista Corp. shareholders	134,874		8,292		143,166		(6,737		)	—			136,429
Capital expenditures (4)	418,741		5,609		424,350		891			—			425,241
For the year ended December 31, 2017:
Operating revenues	$	1,370,359	$	53,027	$	1,423,386	$	22,543		$	—		$	1,445,929
Resource costs	511,163		13,403		524,566		—			—			524,566
Other operating expenses (2) (5)	312,229		12,532		324,761		25,650			—			350,411
Depreciation and amortization	165,478		5,803		171,281		740			—			172,021
Income (loss) from operations (5)	278,079		17,947		296,026		(3,847		)	—			292,179
Interest expense (3)	92,019		3,581		95,600		781			(189		)	96,192
Income taxes	77,583		5,515		83,098		(340		)	—			82,758
Net income (loss) from continuing operations attributable to Avista Corp. shareholders	114,716		9,054		123,770		(7,854		)	—			115,916
Capital expenditures (4)	405,938		6,401		412,339		4,280			—			416,619
For the year ended December 31, 2016:
Operating revenues	$	1,372,638	$	46,276	$	1,418,914	$	23,569		$	—		$	1,442,483
Resource costs	539,352		12,014		551,366		—			—			551,366
Other operating expenses (5)	294,586		11,151		305,737		25,501			—			331,238
Depreciation and amortization	155,162		5,352		160,514		769			—			161,283
Income (loss) from operations (5)	287,128		15,434		302,562		(2,701		)	—			299,861
Interest expense (3)	83,070		3,584		86,654		608			(132		)	87,130
Income taxes	74,121		5,321		79,442		(1,356		)	—			78,086
Net income (loss) from continuing operations attributable to Avista Corp. shareholders	132,490		7,968		140,458		(3,230		)	—			137,228
Capital expenditures (4)	390,690		15,954		406,644		353			—			406,997
Total Assets:
As of December 31, 2018	$	5,458,104	$	272,950	$	5,731,054	$	87,050		$	(35,528	)	$	5,782,576
As of December 31, 2017	$	5,177,878	$	278,688	$	5,456,566	$	73,241		$	(15,075	)	$	5,514,732
As of December 31, 2016	$	4,975,555	$	273,770	$	5,249,325	$	60,430		$	—		$	5,309,755


(1)	Intersegment eliminations reported as interest expense represent intercompany interest. Intersegment eliminations reported as assets represent intersegment accounts receivable.


(2)	Other operating expenses for Avista Utilities for 2018 and 2017 includes acquisition costs of $3.7 million and $14.6 million, respectively, which are separately disclosed on the Consolidated Statements of Income.


(3)	Including interest expense to affiliated trusts.


(4)	The capital expenditures for the other businesses are included in other investing activities on the Consolidated Statements of Cash Flows.


(5)	Effective January 1, 2018, the Company adopted ASU No. 2017-07, which resulted in a $7.7 million and $10.1 million reclassification of the non-service cost component of pension and other postretirement benefit costs for 2017 and 2016, respectively. The costs were reclassified from utility other operating expenses to other expense (income) - net on the Consolidated Statements of Income.