Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information

v3.21.2
Business Segment Information
 9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Business Segment Information BUSINESS SEGMENT INFORMATION
Our reportable segments for the three and nine months ended September 30, 2021 were U.S. Regions, U.S. Federal, Canada and Non-Solar DG. On January 1, 2021, we changed the structure of our internal organization and our U.S. Regions segment now includes our U.S.-based enterprise energy management services previously included in our “All Other” segment. As a result, previously reported amounts have been reclassified for comparative purposes.
Our 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 and the development and construction of small-scale plants that
Ameresco owns or develops for customers that produce electricity, gas, heat or cooling from renewable sources of energy and O&M services.
Our 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 we own and O&M services for customer-owned small-scale plants.
The “All Other” category includes enterprise energy management services, other than the U.S.-based portion; consulting services, energy efficiency products and services outside of the U.S. and Canada; 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 tables below presents our business segment information recast for the prior-year period and a reconciliation to the condensed consolidated financial statements:
U.S. Regions   U.S. Federal   Canada   Non-Solar DG   All Other   Total Consolidated
Three Months Ended September 30, 2021
Revenues $ 103,036  $ 96,654  $ 11,631  $ 33,811  $ 28,550  $ 273,682 
(Gain) loss on derivatives (1,392) —  (286) 2,345  —  667 
Interest expense, net of interest income 1,620  324  303  1,835  71  4,153 
Depreciation and amortization of intangible assets 4,040  1,237  492  5,670  266  11,705 
Unallocated corporate activity —  —  —  —  —  (11,896)
Income before taxes, excluding unallocated corporate activity 10,753  15,150  341  3,526  1,214  30,984 
Three Months Ended September 30, 2020
Revenues $ 93,724  $ 118,303  $ 12,263  $ 28,251  $ 29,966  $ 282,507 
(Gain) loss on derivatives (854) —  827  481  —  454 
Interest expense, net of interest income 1,713  338  165  1,029  34  3,279 
Depreciation and amortization of intangible assets 3,337  995  402  5,013  328  10,075 
Unallocated corporate activity —  —  —  —  —  (9,341)
Income before taxes, excluding unallocated corporate activity 7,336  16,121  446  2,391  3,836  30,130 
U.S. Regions U.S. Federal Canada Non-Solar DG All Other Total Consolidated
Nine Months Ended September 30, 2021
Revenues $ 297,779  $ 289,068  $ 34,148  $ 99,750  $ 79,059  $ 799,804 
(Gain) loss on derivatives (1,021) —  (152) 3,065  —  1,892 
Interest expense, net of interest income 4,516  971  653  3,651  274  10,065 
Depreciation and amortization of intangible assets 11,645  3,386  1,391  15,469  827  32,718 
Unallocated corporate activity —  —  —  —  —  (33,126)
Income before taxes, excluding unallocated corporate activity 21,642  38,262  1,007  17,247  4,682  82,840 
Nine Months Ended September 30, 2020
Revenues $ 269,138  $ 271,539  $ 32,690  $ 74,104  $ 70,485  $ 717,956 
(Gain) loss on derivatives (384) —  827  528  —  971 
Interest expense, net of interest income 4,845  1,355  502  3,140  67  9,909 
Depreciation and amortization of intangible assets 9,297  2,954  1,174  15,720  935  30,080 
Unallocated corporate activity —  —  —  —  —  (30,053)
Income before taxes, excluding unallocated corporate activity 16,576  33,160  741  6,966  6,368  63,811 
See Note 3 for additional information about our revenues by product line.