Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information

v3.23.1
Business Segment Information
 3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Business Segment Information BUSINESS SEGMENT INFORMATION
Our reportable segments for the three months ended March 31, 2023 were U.S. Regions, U.S. Federal, Canada, Alternative Fuels and All Other.
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 Alternative Fuels segment sells electricity and processed renewable natural gas (“RNG”) derived from biomethane from small-scale plants that we own and operate, and provides O&M services for customer-owned small-scale RNG 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 present 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 Alternative Fuels All Other Total Consolidated
Three Months Ended March 31, 2023
Revenues $ 124,369  $ 59,556  $ 18,411  $ 28,339  $ 40,367  $ 271,042 
(Gain) loss on derivatives (303) (62) 8  520  —  163 
Interest expense, net of interest income 1,403  298  182  2,351  119  4,353 
Depreciation and amortization of intangible assets 6,049  1,225  405  5,868  304  13,851 
Unallocated corporate activity —  —  —  —  —  (18,843)
Income before taxes, excluding unallocated corporate activity 7,956  5,212  732  3,515  2,482  19,897 

U.S. Regions U.S. Federal Canada Alternative Fuels All Other Total Consolidated
Three Months Ended March 31, 2022
Revenues $ 314,520  $ 75,646  $ 17,172  $ 29,261  $ 37,403  $ 474,002 
Loss on derivatives 227  51  —  1,344  —  1,622 
Interest expense, net of interest income 1,642  306  222  1,790  (7) 3,953 
Depreciation and amortization of intangible assets 5,278  1,245  447  5,416  271  12,657 
Unallocated corporate activity —  —  —  —  —  (15,909)
Income before taxes, excluding unallocated corporate activity 18,218  8,886  279  7,422  2,709  37,514 
See Note 3 for additional information about our revenues by product line.