| Dec'17 | Dec'16 | |||||
|---|---|---|---|---|---|---|
Revenue | ||||||
Regulated electricity distribution | ||||||
763,501 | 171,676 | |||||
Regulated gas distribution | ||||||
378,651 | 302,447 | |||||
Regulated water reclamation and distribution | ||||||
140,082 | 137,437 | |||||
Non-regulated energy sales | ||||||
217,542 | 183,338 | |||||
Other revenue | ||||||
24,007 | 28,106 | |||||
Total revenue | ||||||
1,523,783 | 823,004 | |||||
Expenses | ||||||
Operating expenses | ||||||
461,111 | 251,152 | |||||
Regulated electricity purchased | ||||||
222,443 | 89,998 | |||||
Regulated gas purchased | ||||||
141,689 | 105,006 | |||||
Regulated water purchased | ||||||
9,503 | 9,241 | |||||
Non-regulated energy purchased | ||||||
19,590 | 15,988 | |||||
Administrative expenses | ||||||
49,640 | 35,118 | |||||
Depreciation and amortization | ||||||
251,314 | 141,016 | |||||
Gain on foreign exchange | ||||||
-323 | 438 | |||||
Costs and Expenses, Total | ||||||
1,155,613 | 647,081 | |||||
Operating income | ||||||
368,170 | 175,923 | |||||
Interest expense on long-term debt and others | ||||||
142,439 | 55,665 | |||||
Interest expense on convertible debentures and amortization of acquisition financing | ||||||
13,383 | 43,915 | |||||
Interest, dividend, equity and other income (note 6) | ||||||
9,238 | 7,964 | |||||
Other gains | ||||||
-664 | 9,126 | |||||
Acquisition-related costs | ||||||
47,708 | 8,993 | |||||
Loss (gain) on derivative financial instruments (note 20(b)(iv)) | ||||||
1,918 | 11,889 | |||||
Nonoperating Income (Expense) | ||||||
-193,038 | -79,594 | |||||
Earnings (loss) before income taxes | ||||||
175,132 | 96,329 | |||||
Current | ||||||
7,517 | 6,363 | |||||
Deferred | ||||||
65,910 | 21,380 | |||||
Income tax expense | ||||||
73,427 | 27,743 | |||||
Net earnings (loss) | ||||||
101,705 | 68,586 | |||||
Net effect of non-controlling interests (note 14) | ||||||
-47,770 | -29,284 | |||||
Net earnings attributable to shareholders of Algonquin Power & Utilities Corp. | ||||||
149,475 | 97,870 | |||||
Series A and D Preferred shares dividend (note 12) | ||||||
8,020 | 7,933 | |||||
Net earnings attributable to common shareholders of Algonquin Power & Utilities Corp. | ||||||
141,455 | 89,937 | |||||
Basic net earnings per share (USD per share) | ||||||
0.37 | 0.33 | |||||
Diluted net earnings per share (USD per share) | ||||||
0.37 | 0.33 | |||||