Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information

v3.21.2
Business Segment Information
 6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Business Segment Information BUSINESS SEGMENT INFORMATION
Our reportable segments for the three and six months ended June 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 June 30, 2021
Revenues $ 109,470  $ 90,200  $ 10,874  $ 35,571  $ 27,805  $ 273,920 
Interest income 34  —  —  —  —  34 
Interest expense 1,325  326  240  3,000  60  4,951 
Depreciation and amortization of intangible assets 4,030  1,139  484  4,937  274  10,864 
Unallocated corporate activity —  —  —  —  —  (10,070)
Income before taxes, excluding unallocated corporate activity 7,379  11,082  751  5,093  1,755  26,060 
Three Months Ended June 30, 2020
Revenues $ 89,574  $ 84,491  $ 9,035  $ 23,129  $ 16,807  $ 223,036 
Interest income 34  34  —  2  —  70 
Interest expense 2,190  345  165  1,128  18  3,846 
Depreciation and amortization of intangible assets 3,098  942  381  5,420  330  10,171 
Unallocated corporate activity —  —  —  —  —  (10,395)
Income before taxes, excluding unallocated corporate activity 5,202  9,945  516  2,906  662  19,231 
U.S. Regions U.S. Federal Canada Non-Solar DG All Other Total Consolidated
Six Months Ended June 30, 2021
Revenues $ 194,743  $ 192,414  $ 22,517  $ 65,939  $ 50,509  $ 526,122 
Interest income
68  2  —  —  —  70 
Interest expense (1)
3,334  650  626  2,536  203  7,349 
Depreciation and amortization of intangible assets 7,605  2,149  899  9,799  561  21,013 
Unallocated corporate activity —  —  —  —  —  (21,230)
Income before taxes, excluding unallocated corporate activity 10,889  23,112  666  13,721  3,468  51,856 
Six Months Ended June 30, 2020
Revenues $ 175,414  $ 153,236  $ 20,427  $ 45,853  $ 40,519  $ 435,449 
Interest income
70  74  —  16  —  160 
Interest expense (1)
3,671  1,091  337  2,173  33  7,305 
Depreciation and amortization of intangible assets 5,960  1,959  772  10,707  607  20,005 
Unallocated corporate activity —  —  —  —  —  (20,712)
Income before taxes, excluding unallocated corporate activity 9,240  17,039  295  4,575  2,532  33,681 
(1) Includes gains recognized on derivative instruments during the three months ended March 31, 2021 and 2020, which were offset by losses in the three months ended June 30, 2021 and 2020. See Note 11 for additional information.
See Note 3 for additional information about our revenues by product line.