Information by Business Segments (Tables)

6 Months Ended

Jun. 30, 2023

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 June 30, 2023:
Operating revenues	$	368,604		$	11,194		$	379,798		$	139		$	—		$	379,937
Resource costs		140,017			1,227			141,244			—			—			141,244
Other operating expenses		99,276			3,795			103,071			749			—			103,820
Depreciation and amortization		63,419			2,729			66,148			—			—			66,148
Income (loss) from operations		41,257			3,161			44,418			(610	)		—			43,808
Interest expense (2)		34,044			1,452			35,496			448			(318	)		35,626
Income taxes		(5,556	)		473			(5,083	)		(727	)		—			(5,810	)
Net income (loss)		18,810			1,359			20,169			(2,685	)		—			17,484
Capital expenditures (3)		121,834			4,422			126,256			—			—			126,256
For the three months ended June 30, 2022:
Operating revenues	$	368,515		$	9,906		$	378,421		$	145		$	—		$	378,566
Resource costs		156,221			1,176			157,397			—			—			157,397
Other operating expenses		100,782			3,700			104,482			2,910			—			107,392
Depreciation and amortization		60,106			2,700			62,806			30			—			62,836
Income (loss) from operations		25,037			2,041			27,078			(2,795	)		—			24,283
Interest expense (2)		27,078			1,487			28,565			137			(7	)		28,695
Income taxes		(2,565	)		(211	)		(2,776	)		1,777			—			(999	)
Net income		3,950			771			4,721			6,732			—			11,453
Capital expenditures (3)		111,850			2,809			114,659			342			—			115,001
For the six months ended June 30 2023:
Operating revenues	$	828,746		$	25,557		$	854,303		$	265		$	—		$	854,568
Resource costs		332,154			2,018			334,172			—			—			334,172
Other operating expenses		200,665			7,384			208,049			1,760			—			209,809
Depreciation and amortization		125,883			5,453			131,336			31			—			131,367
Income (loss) from operations		111,816			10,119			121,935			(1,526	)		—			120,409
Interest expense (2)		68,118			2,904			71,022			795			(536	)		71,281
Income taxes		(13,504	)		2,012			(11,492	)		(946	)		—			(12,438	)
Net income (loss)		70,437			5,401			75,838			(3,509	)		—			72,329
Capital expenditures (3)		219,598			7,148			226,746			3			—			226,749
For the six months ended June 30 2022:
Operating revenues	$	817,387		$	22,960		$	840,347		$	265		$	—		$	840,612
Resource costs		342,645			1,620			344,265			—			—			344,265
Other operating expenses		191,766			7,243			199,009			3,866			—			202,875
Depreciation and amortization		119,985			5,398			125,383			62			—			125,445
Income (loss) from operations		102,816			8,099			110,915			(3,663	)		—			107,252
Interest expense (2)		53,650			2,974			56,624			265			(10	)		56,879
Income taxes		(14,925	)		1,049			(13,876	)		2,041			—			(11,835	)
Net income		71,228			4,064			75,292			7,726			—			83,018
Capital expenditures (3)		207,314			3,332			210,646			756			—			211,402
Total Assets:
As of June 30, 2023:	$	6,929,611		$	270,774		$	7,200,385		$	189,314		$	(18,384	)	$	7,371,315
As of December 31, 2022:	$	6,976,164		$	264,322		$	7,240,486		$	187,027		$	(10,163	)	$	7,417,350

(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.