Annual report pursuant to Section 13 and 15(d)

Business Segment Information

v3.22.0.1
Business Segment Information
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Business Segment Information GEOGRAPHIC INFORMATION
The following table presents our long-lived assets related to our operations by geographic area:
As of December 31,
  2021   2020
Long-lived Assets      
United States $ 839,231    $ 706,177 
Canada 2,453   29,768
Other 27,964  2,415 
Total long-lived assets $ 869,648    $ 738,360 
We attribute revenues to customers based on the location of the customer. The following table presents revenues by geographic region:
Year Ended December 31,
2021 2020 2019
Revenues  
United States $ 1,126,141  $ 955,436  $ 815,405 
Canada 45,782 45,089 35,031
Other 43,774  31,750  16,497 
Total revenues $ 1,215,697  $ 1,032,275  $ 866,933 
BUSINESS SEGMENT INFORMATION
Our reportable segments for the year ended December 31, 2021 were U.S. Regions, U.S. Federal, Canada, Non-Solar Distributed Generation (“Non-Solar DG”), and All Other. 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 which include the 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. Our U.S. Regions segment also includes certain small-scale solar grid-tie plants developed for customers. 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.
For the years ended December 31, 2021, 2020, and 2019 more than 67% of our revenues have been derived from federal, state, provincial, or local government entities, including public housing authorities and public universities. The U.S. federal government, which is considered a single customer for reporting purposes, constituted 32.3%, 36.6%, and 33.2% of our
consolidated revenues for the years ended December 31, 2021, 2020, and 2019, respectively. Revenues from the U.S. federal government are included in our U.S. Federal segment. Other than the U.S. federal government, one customer represented 10.2% of our revenues during the year ended December 31, 2021 and revenues from this customer is included in our U.S. Regions segment.
The reports of our chief operating decision maker do not include assets at the operating segment level.
The table below presents our business segment information and reconciliation to our consolidated financial statements:
  U.S. Regions   U.S. Federal   Canada   Non-Solar DG   All Other   Total Consolidated
2021
Revenues $ 528,293  $ 392,948  $ 49,457  $ 137,243  $ 107,756  $ 1,215,697 
(Gain) loss on derivatives (1,017) —  (73) 1,330  —  240 
Net interest expense 6,255  1,294  879  5,793  327  14,548 
Depreciation and intangible asset amortization 16,057  4,666  1,872  21,080  1,081  44,756 
Unallocated corporate activity —  —  —  —  —  (48,417)
Income before taxes, excluding unallocated corporate activity 40,051  52,386  1,584  26,345  6,195  126,561 
2020
Revenues 404,152  377,882  47,797  106,417  96,027  1,032,275 
(Gain) loss on derivatives (744) —  153  (114) —  (705)
Net interest expense 6,392  1,694  699  4,467  95  13,347 
Depreciation and intangible asset amortization 12,627  3,945  1,580  20,717  1,268  40,137 
Unallocated corporate activity —  —  —  —  —  (40,188)
Income before taxes, excluding unallocated corporate activity 28,339  44,560  2,560  13,040  8,117  96,616 
2019
Revenues 369,248  287,426  37,919  84,683  87,657  866,933 
Gain on derivatives (890) —  —  (178) —  (1,068)
Net interest expense 6,582  623  691  5,338  (68) 13,166 
Depreciation and intangible asset amortization 10,318  3,427  1,397  21,359  1,208  37,709 
Unallocated corporate activity —  —  —  —  —  (34,188)
Income before taxes, excluding unallocated corporate activity 18,536  40,553  562  3,813  7,277  70,741 
See Note 3 for additional information about our revenues by product line.