| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash provided by operating activities: | ||||||||||
Net income | ||||||||||
-43,800 | 37,200 | -93,000 | -113,900 | -64,600 | -182,200 | -23,800 | -100,300 | -35,600 | -3,855 | -38,486 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
64,400 | 83,700 | 113,100 | - | - | - | - | - | - | - | 41,374 |
Depreciation and amortization | ||||||||||
- | - | - | 113,500 | 120,300 | 162,600 | 176,400 | 157,200 | 63,600 | 40,387 | - |
(Gain) loss on disposal of fixed assets and inventory | ||||||||||
900 | 400 | -100 | - | - | - | - | - | - | - | - |
Asset retirement obligations | ||||||||||
-1,400 | -3,500 | - | - | - | - | - | - | - | - | - |
Gain from discontinued operations | ||||||||||
- | - | - | - | - | - | -32,800 | - | - | - | - |
Loss (gain) on disposal of assets | ||||||||||
- | - | - | - | 48,700 | 2,900 | 5,100 | -800 | - | - | - |
Gain on sale of equity investments | ||||||||||
- | - | - | - | - | 8,600 | 30,400 | 600 | - | 1,511 | - |
Gain on purchase and cancellation of convertible debentures | ||||||||||
- | - | - | 3,700 | 3,100 | - | - | - | - | - | - |
Gain on step acquisition of equity investment | ||||||||||
- | 7,200 | - | - | - | - | - | - | - | - | - |
Common share conversions recorded in interest expense | ||||||||||
- | - | - | - | - | - | - | - | - | - | 4,508 |
Subordinated note redemption premium recorded in interest expense | ||||||||||
- | - | - | - | - | - | - | - | - | - | 1,935 |
Share-based compensation | ||||||||||
1,500 | 2,700 | 2,100 | 1,800 | 2,300 | 3,500 | 2,200 | 2,500 | 3,200 | 4,497 | - |
Impairment | ||||||||||
5,800 | - | 101,100 | 85,900 | 127,800 | 106,600 | 39,700 | 60,500 | 1,500 | 3,136 | - |
Insurance loss | ||||||||||
-1,000 | - | - | - | - | - | - | - | - | - | - |
Gain on sale of assets | ||||||||||
- | - | - | - | - | - | - | - | - | - | 12,847 |
Equity in earnings from unconsolidated affiliates | ||||||||||
-3,000 | 43,200 | -54,800 | 35,900 | 36,200 | 25,800 | 26,900 | 25,700 | 7,900 | 16,913 | 14,213 |
Impairment of equity investments | ||||||||||
- | - | - | - | - | - | - | - | - | - | 5,500 |
Distributions from unconsolidated affiliates | ||||||||||
59,500 | 61,600 | 47,300 | 55,300 | 58,500 | 76,200 | 40,900 | 38,400 | 21,900 | 16,843 | 27,884 |
Unrealized foreign exchange (gain) loss | ||||||||||
-12,200 | 22,000 | -15,200 | -13,800 | 60,500 | 38,800 | 13,000 | -19,000 | -8,600 | -5,611 | -24,370 |
Change in fair value of derivative instruments | ||||||||||
-10,700 | 5,500 | 2,100 | 37,900 | 14,700 | -8,700 | 60,200 | -46,700 | -22,800 | - | - |
Amortization of debt discount and deferred financing costs | ||||||||||
8,600 | 9,400 | 10,800 | - | - | - | - | - | - | - | - |
Deferred income taxes | ||||||||||
-4,800 | 3,600 | 62,200 | 17,500 | 3,500 | 15,700 | 27,300 | - | - | - | - |
Change in fair value of derivative instruments | ||||||||||
- | - | - | - | - | - | - | - | - | 3,275 | -6,813 |
Change in deferred income taxes | ||||||||||
- | - | - | - | - | - | - | -34,100 | -9,900 | 17,964 | -6,436 |
Change in other operating balances | ||||||||||
Other | ||||||||||
- | - | - | - | - | - | - | - | - | 210 | -106 |
Accounts receivable | ||||||||||
-8,200 | -18,800 | 15,400 | -2,300 | -5,700 | -6,900 | -3,400 | -2,300 | 15,600 | -1,729 | -10,520 |
Inventory | ||||||||||
1,800 | -1,600 | 1,600 | -900 | -2,400 | 3,300 | -800 | 6,200 | 400 | - | - |
Prepayments and other assets | ||||||||||
-3,900 | -8,700 | -400 | -5,400 | -400 | -21,100 | -51,500 | 13,300 | -2,100 | -9,311 | 3,454 |
Accounts payable | ||||||||||
5,100 | -1,200 | -900 | -200 | -8,900 | -4,100 | -8,400 | 21,100 | 4,900 | - | - |
Accruals and other liabilities | ||||||||||
1,100 | -6,600 | -500 | -2,100 | -9,400 | -39,200 | -200 | -1,200 | -3,300 | - | - |
Amortization of Debt Issuance Costs and Discounts | ||||||||||
- | - | - | 44,600 | 20,500 | - | - | - | - | - | - |
Accounts payable and accrued liabilities | ||||||||||
- | - | - | - | - | - | - | - | - | -6,551 | 2,959 |
Other liabilities | ||||||||||
- | - | - | - | - | - | - | - | - | 2,468 | -84 |
Cash provided by operating activities | ||||||||||
144,700 | 137,500 | 169,200 | 112,300 | 88,300 | 65,000 | 152,400 | 167,100 | 55,900 | 86,953 | - |
Cash (used in) provided by investing activities: | ||||||||||
Proceeds from sale of equity investments | ||||||||||
- | - | - | - | - | - | - | - | - | 2,000 | - |
Investment in unconsolidated affiliate | ||||||||||
18,700 | - | - | - | - | - | - | - | - | - | - |
Insurance proceeds | ||||||||||
11,300 | - | - | - | - | - | - | - | - | - | - |
Contribution to unconsolidated affiliate | ||||||||||
- | - | - | - | 600 | - | - | - | - | - | - |
Proceeds from sale of assets and equity investments, net | ||||||||||
- | - | - | - | - | - | - | - | 8,500 | - | - |
Cash paid for acquisition, net of cash received | ||||||||||
8,600 | 12,800 | - | - | - | - | - | 80,500 | 591,600 | 78,180 | 3,068 |
Proceeds from related party | ||||||||||
- | - | - | - | - | - | - | - | 22,800 | -22,781 | - |
Proceeds from treasury grants | ||||||||||
- | - | - | - | - | - | 103,200 | - | - | - | - |
Capitalized development costs | ||||||||||
- | - | - | - | 800 | - | 200 | 500 | 900 | 2,286 | - |
Reimbursement of costs for third party construction project | ||||||||||
- | - | - | 4,800 | - | - | - | - | - | - | - |
Deposit for acquisition | ||||||||||
- | 2,600 | - | - | - | - | - | - | - | - | - |
Net cash provided by operating activities | ||||||||||
- | - | - | - | - | - | - | - | - | - | 50,449 |
Change in restricted cash | ||||||||||
- | - | - | - | -7,300 | -72,600 | 93,700 | 11,600 | 5,700 | -945 | -575 |
Proceeds from sales of assets and equity investments, net | ||||||||||
1,600 | 200 | 1,000 | - | 326,300 | 9,500 | 182,600 | - | - | - | - |
Proceeds from asset sales | ||||||||||
- | - | - | - | - | - | - | 27,900 | - | - | 29,467 |
Construction in progress | ||||||||||
- | - | - | - | - | - | 39,300 | 456,200 | 113,100 | 44,146 | - |
Purchase of property, plant and equipment | ||||||||||
7,300 | 1,800 | 5,300 | 7,200 | 11,300 | 13,400 | 5,500 | 2,900 | 2,000 | 2,549 | 2,016 |
Cash (used in) provided by investing activities | ||||||||||
-21,700 | -17,000 | -4,300 | -2,400 | 320,900 | 68,700 | 147,100 | -523,800 | -682,000 | -146,997 | - |
Cash used in financing activities: | ||||||||||
Proceeds from convertible debenture issuance | ||||||||||
- | 92,200 | - | - | - | - | - | 230,600 | - | 74,575 | - |
Proceeds from term loan facility, net of discount | ||||||||||
- | - | - | 679,000 | - | - | - | - | - | - | - |
Proceeds from issuance of equity, net of offering costs | ||||||||||
- | - | - | - | - | - | -1,000 | 66,300 | 155,400 | 72,767 | - |
Proceeds from project-level debt | ||||||||||
- | - | - | - | - | - | 20,800 | - | - | - | - |
Proceeds from senior secured term loan facility | ||||||||||
- | - | - | - | - | - | - | - | 460,000 | - | - |
Net cash used in investing activities | ||||||||||
- | - | - | - | - | - | - | - | - | - | 24,958 |
Proceeds from project-level debt | ||||||||||
- | - | - | - | - | - | - | 291,900 | 100,800 | - | 78,330 |
Repayment of corporate and project-level debt | ||||||||||
- | - | - | - | - | - | 118,800 | 284,800 | 21,500 | 18,882 | 12,744 |
Repayment of convertible debentures | ||||||||||
18,500 | 88,100 | - | 188,500 | 18,900 | 43,000 | - | - | - | - | - |
Proceeds from New Term Loan facility, net of discount | ||||||||||
- | - | - | - | - | 600,000 | - | - | - | - | - |
Common share repurchases | ||||||||||
2,500 | 16,600 | 200 | 19,500 | - | - | - | - | - | - | - |
Preferred share repurchases | ||||||||||
8,000 | 8,000 | 3,100 | - | - | - | - | - | - | - | - |
Repayment of corporate and project-level debt | ||||||||||
72,300 | 100,300 | 165,900 | 544,400 | 403,300 | 639,800 | - | - | - | - | - |
Cash payments for vested LTIP withheld for taxes | ||||||||||
2,100 | 800 | 700 | 500 | 900 | - | - | - | - | - | - |
Payments for revolving credit facility borrowings | ||||||||||
- | - | - | - | - | - | 67,000 | 60,800 | - | 20,000 | 55,000 |
Proceeds from revolving credit facility borrowings | ||||||||||
- | - | - | - | - | - | - | 69,800 | 58,000 | 20,000 | - |
Deferred financing costs | ||||||||||
- | 5,100 | 300 | 16,200 | - | 39,000 | 2,800 | 31,200 | 26,400 | 7,941 | - |
Dividends paid to preferred shareholders | ||||||||||
7,400 | 8,300 | 8,700 | 8,500 | 8,800 | - | - | - | - | - | - |
Equity contribution from noncontrolling interest | ||||||||||
- | - | - | - | - | - | 44,600 | 225,000 | - | 200 | - |
Redemption of IPSs under normal course issuer bid | ||||||||||
- | - | - | - | - | - | - | - | - | - | 3,369 |
Redemption of subordinated notes | ||||||||||
- | - | - | - | - | - | - | - | - | - | 40,638 |
Offering costs related to tax equity | ||||||||||
- | - | - | - | - | - | - | - | - | - | 4,508 |
Dividends paid to common shareholders | ||||||||||
- | - | - | - | - | 34,900 | 65,100 | 131,000 | 81,800 | - | - |
Dividends paid to noncontrolling interests | ||||||||||
- | - | - | - | - | 11,100 | 8,900 | 13,100 | 3,200 | - | - |
Dividends paid to preferred shareholders | ||||||||||
- | - | - | - | - | 14,600 | 9,400 | - | - | - | - |
Dividends paid | ||||||||||
- | - | - | - | - | - | - | - | - | 65,028 | 24,955 |
Cash used in financing activities | ||||||||||
-110,800 | -135,000 | -178,900 | -98,600 | -446,700 | -182,400 | -207,600 | 362,700 | 641,300 | 55,691 | - |
Net (decrease) increase in cash, restricted cash and cash equivalents | ||||||||||
12,200 | -14,500 | -14,000 | 11,300 | - | - | - | - | - | - | - |
Net (decrease) increase in cash and cash equivalents | ||||||||||
- | - | - | - | -37,500 | -48,700 | 91,900 | 6,000 | 15,200 | -4,353 | - |
Less cash at discontinued operations | ||||||||||
- | - | - | - | - | - | - | -6,500 | - | - | - |
Net cash provided by (used in) financing activities | ||||||||||
- | - | - | - | - | - | - | - | - | - | -62,884 |
Net increase in cash and cash equivalents | ||||||||||
- | - | - | - | - | - | - | - | - | - | 12,523 |
Supplemental cash flow information | ||||||||||
Interest paid | ||||||||||
37,600 | 41,300 | 72,000 | 70,700 | 100,000 | 168,800 | 130,400 | 40,200 | 40,200 | 26,687 | 69,186 |
Income taxes paid, net | ||||||||||
2,300 | 3,100 | 4,400 | 3,500 | 10,200 | 3,800 | 5,900 | 1,100 | 1,100 | -8,000 | -216 |
Accruals for construction in progress | ||||||||||
300 | - | 1,200 | 1,200 | 600 | - | - | - | - | - | - |
Accruals for construction in progress | ||||||||||
- | 1,500 | - | - | - | - | - | - | - | - | - |
Accruals for construction in progress | ||||||||||
- | - | - | - | - | - | 8,900 | 4,100 | 4,100 | - | - |