ALGONQUIN POWER & UTILITIES CORP.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $1.1b $1.5b $1.6b $1.6b $1.7b $2.3b $2.8b $2.7b $2.3b $2.4b
Cost of Revenue $814.8m $1.1b $472.5m $472.0m $520.5m $1.8b $2.3b $2.1b $1.9b $1.9b
Gross Profit (Calculated) (derived) $281.2m $417.8m $1.2b $1.2b $1.2b $486.0m $482.3m $556.2m $446.1m $504.7m
Operating expenses:
Operating Costs and Expenses $333.0m $461.1m $472.5m $472.0m $520.5m $702.1m $851.5m $907.0m $880.0m $870.4m
Operating Income (Loss) $234.9m $368.2m $377.4m $365.4m $384.1m $419.3m $402.0m $465.9m $446.1m $504.7m
Additional Financial Items
Foreign Currency Transaction Gain (Loss), before Tax $436k ($323k) $58k ($3.1m) $2.1m ($4.4m) ($13.8m) ($8.4m) ($3.5m) ($18.4m)
Gain (Loss) on Investments ($138.0m) $399.1m $664.7m ($26.5m) ($465.2m) ($125.0m) $107.4m $21.6m
Income (Loss) from Continuing Operations, Per Basic Share $0 ($0) $0 $0
Income (Loss) from Continuing Operations, Per Diluted Share $0 ($0) $0 $0
Interest Income, Other $22.0m
Other Interest and Dividend Income $41.4m $27.5m $22.0m
Reclassification from AOCI, Current Period, before Tax, Attributable to Parent ($94.6m)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $129.5m $175.1m $132.5m $555.1m $792.4m $142.2m ($369.7m) ($119.6m) $177.2m $211.0m
Gain (Loss) on Derivative Instruments, Net, Pretax $19.1m ($10.6m) $479k $15.4m $3.3m $580k $2.5m ($868k) $829k $1.5m
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $92.4m $25.1m ($9.6m) $146.0m
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $92.4m $101.7m $79.1m $484.9m $727.8m $185.7m ($308.2m) ($33.3m) ($1.5b) $108.3m
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $0 $8.2m ($1.5b) ($37.7m)
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent $0 $8.2m $1.5b $37.7m
Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic ($220.7m) $20.3m $54.8m $208.0m
Net Income (Loss) Attributable to Parent $130.9m $149.5m $185.0m $530.9m $782.5m $264.9m ($212.0m) $28.7m ($1.4b) $180.8m
Net Income (Loss) Attributable to Noncontrolling Interest ($38.5m) ($47.8m) ($108.5m) ($62.4m) ($67.3m) ($89.6m) ($111.3m) ($87.9m) ($74.9m)
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest $72.5m
Earnings Per Share, Basic $0.44 $0.48 $0.38 $1.05 $1.38 $0.41 ($0.33) $0.03 ($1.90) $0.22
Earnings Per Share, Diluted $0.44 $0.37 $0.38 $1.04 $1.37 $0.41 ($0.33) $0.03 ($1.90) $0.22
Common Stock, Dividends, Per Share, Declared $0.55 $0.47 $0.50 $0.55 $0.61 $0.67 $0.71 $0.43 $0.35 $0.26
Preferred Stock, Dividends Per Share, Declared $0.44 $0.48 $0.38 $1.05 $1.38 $0.41 ($0.33) $1.64 ($1.90) $0.22
Weighted Average Number of Shares Outstanding, Basic 271.8m 382.3m 461.8m 499.9m 559.6m 622.3m 677.9m 688.7m 731.7m 768.1m
Weighted Average Number of Shares Outstanding, Diluted 274.1m 386.0m 466.0m 504.7m 564.4m 628.9m 677.9m 690.8m 734.0m 772.4m
General and Administrative Expense $46.3m $49.6m $52.7m $56.8m $59.5m $66.7m $80.2m $90.4m
Other Nonoperating Income (Expense) $105.4m $251.4m $244.9m $189.7m $408.3m $270.9m $771.7m $529.4m $268.9m ($52.6m)
Business Combination, Acquisition Related Costs $12.5m
Current Income Tax Expense (Benefit) $8.5m $7.5m $11.3m $16.4m $4.9m $7.2m $7.8m ($9.7m) $18.2m $15.9m
Interest Expense $131.6m $155.8m $152.1m $181.5m $181.9m $209.6m $278.6m $353.7m $363.6m $282.5m
Interest Expense, Debt $261.5m $251.5m $293.5m $303.6m
Restructuring Costs $38.7m
Income Tax Expense (Benefit) $37.1m $73.4m $53.4m $70.1m $64.6m ($43.4m) ($61.5m) ($86.3m) $186.8m $65.0m
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component $17.3m $3.7m

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.