Information by Business Segments (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Schedule of Business Segments

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 September 30, 2022:
Operating revenues	$	349,655		$	9,637	$	359,292		$	154		$	—		$	359,446
Resource costs		146,384			1,400		147,784			—			—			147,784
Other operating expenses		98,062			3,639		101,701			1,041			—			102,742
Depreciation and amortization		60,780			2,704		63,484			32			—			63,516
Income (loss) from operations		18,660			1,661		20,321			(919	)		—			19,402
Interest expense (2)		28,214			1,489		29,703			243			(111	)		29,835
Income taxes		197			21		218			(61	)		—			157
Net (loss) income		(5,987	)		228		(5,759	)		(39	)		—			(5,798	)
Capital expenditures (3)		116,809			3,854		120,663			—			—			120,663
For the three months ended September 30, 2021:
Operating revenues	$	286,752		$	9,147	$	295,899		$	108		$	—		$	296,007
Resource costs		101,109			1,024		102,133			—			—			102,133
Other operating expenses		82,006			3,619		85,625			843			—			86,468
Depreciation and amortization		55,039			2,683		57,722			30			—			57,752
Income (loss) from operations		23,416			1,563		24,979			(765	)		—			24,214
Interest expense (2)		25,015			1,523		26,538			132			(21	)		26,649
Income taxes		(6,371	)		18		(6,353	)		921			—			(5,432	)
Net income		9,086			41		9,127			5,239			—			14,366
Capital expenditures (3)		107,519			1,462		108,981			373			—			109,354
For the nine months ended September 30 2022:
Operating revenues	$	1,167,042		$	32,597	$	1,199,639		$	419		$	—		$	1,200,058
Resource costs		489,029			3,020		492,049			—			—			492,049
Other operating expenses		289,828			10,882		300,710			4,907			—			305,617
Depreciation and amortization		180,765			8,102		188,867			94			—			188,961
Income (loss) from operations		121,476			9,760		131,236			(4,582	)		—			126,654
Interest expense (2)		81,864			4,463		86,327			508			(121	)		86,714
Income taxes		(14,728	)		1,070		(13,658	)		1,980			—			(11,678	)
Net income		65,241			4,292		69,533			7,687			—			77,220
Capital expenditures (3)		324,123			7,186		331,309			756			—			332,065
For the nine months ended September 30 2021:
Operating revenues	$	974,172		$	32,515	$	1,006,687		$	445		$	—		$	1,007,132
Resource costs		324,464			2,926		327,390			—			—			327,390
Other operating expenses		257,333			9,900		267,233			3,186			—			270,419
Depreciation and amortization		161,332			7,677		169,009			230			—			169,239
Income (loss) from operations		149,670			11,162		160,832			(2,971	)		—			157,861
Interest expense (2)		74,423			4,571		78,994			392			(87	)		79,299
Income taxes		4,932			1,819		6,751			2,379			—			9,130
Net income		80,861			4,816		85,677			10,780			—			96,457
Capital expenditures (3)		318,354			4,454		322,808			938			—			323,746
Total Assets:
As of September 30, 2022:	$	6,648,603		$	266,907	$	6,915,510		$	149,077		$	(8,788	)	$	7,055,799
As of December 31, 2021:	$	6,458,244		$	265,422	$	6,723,666		$	132,158		$	(2,241	)	$	6,853,583

(1)Intersegment eliminations reported as interest expense represent intercompany interest.

(2)Including interest expense to affiliated trusts.

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