Annual report pursuant to Section 13 and 15(d)

Geographic Information

v3.22.4
Geographic Information
 12 Months Ended
Dec. 31, 2022
Segments, Geographical Areas [Abstract]  
Geographic Information GEOGRAPHIC INFORMATION
The following table presents our long-lived assets related to our operations by geographic area:
As of December 31,
  2022 2021
Long-lived Assets      
United States $ 1,162,705  $ 839,231 
Canada 24,590   27,964
Other 9,937  2,453 
Total long-lived assets $ 1,197,232    $ 869,648 
We attribute revenues to customers based on the location of the customer. The following table presents revenues by geographic region:
Year Ended December 31,
2022 2021 2020
Revenues  
United States $ 1,712,326  $ 1,126,141  $ 955,436 
Canada 53,461 45,782 45,089
Other 58,635  43,774  31,750 
Total revenues $ 1,824,422  $ 1,215,697  $ 1,032,275 
BUSINESS SEGMENT INFORMATION
Our reportable segments for the year ended December 31, 2022 were U.S. Regions, U.S. Federal, Canada, Alternative Fuels (formerly Non-Solar Distributed Generation (“Non-Solar DG”)), and All Other. On January 1, 2022, we changed the structure of our internal organization, and our “All Other” segment now includes our U.S.-based enterprise energy management services previously included in our U.S Regions segment and our U.S. Regions segment now includes U.S. project revenue and associated costs previously included in our former Non-Solar DG 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 Alternative Fuels 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, 2022, 2021, and 2020, 46.0%, 67.0%, and 71.5%, respectively, of our revenues have been derived from federal, state, provincial, or local government entities, including public housing authorities, public universities and municipal utilities. The U.S. federal government, which is considered a single customer for reporting purposes, constituted 21.5%, 32.3%, and 36.6% of our consolidated revenues for the years ended December 31, 2022, 2021, and 2020, 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 39.6% and 10.2% of our revenues during the years ended December 31, 2022 and 2021, respectively. 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:
  US Regions U.S. Federal Canada Alternative Fuels All Other Total
2022
Revenues $ 1,123,343  $ 391,891  $ 58,558  $ 114,459  $ 136,171  $ 1,824,422 
(Gain) loss on derivatives (354) —  (152) 294  —  (212)
Net interest expense 6,948  1,231  917  8,657  22  17,775 
Depreciation and intangible asset amortization 21,463  4,905  1,702  23,354  1,008  52,432 
Unallocated corporate activity —  —  —  —  —  (71,180)
Income before taxes, excluding unallocated corporate activity 88,531  50,866  2,554  22,989  11,959  176,899 
2021
Revenues 551,118  392,948  49,483  111,223  110,925  1,215,697 
(Gain) loss on derivatives (1,017) —  (73) 1,330  —  240 
Net interest expense 6,255  1,294  879  5,793  378  14,599 
Depreciation and intangible asset amortization 15,699  4,666  1,872  21,080  1,440  44,757 
Unallocated corporate activity —  —  —  —  —  (47,361)
Income before taxes, excluding unallocated corporate activity 38,285  52,388  1,581  27,774  5,477  125,505 
2020
Revenues 423,654  377,882  47,757  83,628  99,354  1,032,275 
(Gain) loss on derivatives (744) —  153  (114) —  (705)
Net interest expense 6,392  1,694  699  4,467  184  13,436 
Depreciation and intangible asset amortization 12,230  3,945  1,584  20,722  1,656  40,137 
Unallocated corporate activity —  —  —  —  —  (39,308)
Income before taxes, excluding unallocated corporate activity 26,227  44,571  1,758  14,509  8,671  95,736 
See Note 3 for additional information about our revenues by product line.