Ameresco, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information

Business Segment Information

3 Months Ended

Mar. 31, 2019

BUSINESS SEGMENT INFORMATION

The Company reports results under ASC 280, Segment Reporting. The Company’s reportable segments are U.S. Regions, U.S. Federal, Canada and Non-Solar Distributed Generation (“DG”). The Company’s U.S. Regions, U.S. Federal and Canada segments offer energy efficiency products and services, which include the design, engineering and installation of equipment and other measures to improve the efficiency and control the operation of a facility’s energy infrastructure, renewable energy solutions and services, which include the construction of small-scale plants that the company owns or develops for customers that produce electricity, gas, heat or cooling from renewable sources of energy and O&M services. The Company’s Non-Solar DG segment sells electricity, processed renewable gas fuel, heat or cooling, produced from renewable sources of energy, other than solar, and generated by small-scale plants that the Company owns and O&M services for customer owned small-scale plants. The “All Other” category offers enterprise energy management services, consulting services and the sale of solar-PV energy products and systems which we refer to as integrated-PV. These segments do not include results of other activities, such as corporate operating expenses not specifically allocated to the segments. Certain reportable segments are an aggregation of operating segments. The accounting policies are the same as those described in the summary of significant accounting policies in Note 2.

The reports of the Company’s chief operating decision maker do not include assets at the operating segment level.

An analysis of the Company’s business segment information and reconciliation to the condensed consolidated financial statements is as follows:



	U.S. Regions			U.S. Federal		Canada			Non-Solar DG		All Other		Total Consolidated
Three Months Ended March 31, 2019
Revenues	$	55,597		$	43,057	$	7,148		$	21,230	$	23,080	$	150,112
Interest income	63			49		—			21		—		133
Interest expense	857			210		164			1,577		—		2,808
Depreciation and amortization of intangible assets	2,182			817		275			5,216		348		8,838
Unallocated corporate activity	—			—		—			—		—		(8,008		)
Income (loss) before taxes, excluding unallocated corporate activity	(278		)	5,621		(289		)	1,381		4,701		11,136
Three Months Ended March 31, 2018
Revenues	$	74,691		$	47,785	$	8,904		$	18,117	$	17,913	$	167,410
Interest income	1			20		—			35		—		56
Interest expense	1,191			241		484			1,081		—		2,997
Depreciation and amortization of intangible assets	1,330			672		289			4,064		379		6,734
Unallocated corporate activity	—			—		—			—		—		(6,869		)
Income (loss) before taxes, excluding unallocated corporate activity	4,618			5,817		(2,362		)	2,610		912		11,595