Information By Business Segments (Tables)

12 Months Ended

Dec. 31, 2019

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, 2019:
Operating revenues	$	1,295,873	$	37,265		$	1,333,138	$	12,484		$	—		$	1,345,622
Resource costs	442,471		(2,654		)	439,817		—			—			439,817
Other operating expenses (2)	352,170		12,717			364,887		18,883			—			383,770
Depreciation and amortization	195,697		9,668			205,365		629			—			205,994
Income (loss) from operations	200,994		16,423			217,417		(7,028		)	—			210,389
Interest expense (3)	97,866		6,385			104,251		1,032			(929		)	104,354
Income taxes	28,363		2,816			31,179		195			—			31,374
Net income from continuing operations attributable to Avista Corp. shareholders	183,977		7,458			191,435		5,544			—			196,979
Capital expenditures (4)	434,077		8,433			442,510		835			—			443,345
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
Total Assets:
As of December 31, 2019	$	5,713,268	$	271,393		$	5,984,661	$	113,390		$	(15,595	)	$	6,082,456
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


(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 2019, 2018 and 2017 include merger transaction costs 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 reclassification of the non-service cost component of pension and other postretirement benefit costs for 2017. The costs were reclassified from utility other operating expenses to other expense (income) - net on the Consolidated Statements of Income.