ATLANTIC POWER CORPORATION AT Cash Flow

Atlantic power corporation (AT)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash provided by operating activities:
Net income
23,700	-63,400	14,300	2,900	2,400	26,700	-4,600	900	14,200	-39,000	-33,700	-19,700	-600	-4,100	-80,500	-16,400	-12,900	-86,400	-4,000	13,500	12,300	-12,300	-91,100	-56,300	-22,500	7,900	-40,700	1,200	7,800	-54,500	-4,500	-2,100	-39,200	-26,673	-27,978	13,069	5,982
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
15,600	15,900	16,200	16,100	16,200	18,000	21,000	20,900	23,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,924	10,879
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	31,500	29,500	29,500	-	-	-	-	26,200	27,700	28,300	38,100	40,300	40,800	41,000	40,500	41,400	42,200	43,700	49,100	39,700	40,700	40,300	36,500	-	-	-	-
Gain from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-5,300	-27,500	-	-	-	-	-	-	-	-
Gain on purchase and cancellation of convertible debentures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	1,600	1,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) on disposal of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-200	-	-	-	-	-	-	-	2,100	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,500	24,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on purchase and cancellation of convertible debentures
-	-	-	-	-	-	-	-	-	-	-	-	-	-1,000	2,200	0	2,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation
400	300	400	200	600	900	700	600	500	500	500	700	400	400	600	200	600	200	1,100	600	400	-	-	1,000	-100	500	500	900	300	200	800	400	1,100	943	618	814	825
Equity in earnings from unconsolidated affiliates
13,700	-37,400	12,100	9,400	12,900	9,500	10,200	11,200	12,300	-18,700	9,300	-54,400	9,000	8,000	9,600	7,600	10,700	7,900	9,000	9,400	9,900	7,000	6,900	3,300	8,600	2,300	8,700	8,700	7,200	10,900	4,000	7,900	2,900	2,253	2,374	1,962	1,311
Distributions from unconsolidated affiliates
6,000	18,100	16,000	19,600	5,800	24,200	10,100	20,700	6,600	16,400	13,700	13,500	3,700	18,800	13,000	19,200	4,300	18,500	13,000	19,800	7,200	23,400	15,000	26,000	11,800	12,400	10,500	9,100	8,900	11,600	18,100	8,400	300	6,358	3,958	10,134	1,450
Unrealized foreign exchange (gain) loss
20,900	-4,900	2,900	-4,900	-5,300	13,400	-4,700	5,300	8,000	1,800	-8,700	-5,800	-2,500	5,300	3,400	-2,400	-20,100	11,200	21,700	-5,200	32,800	17,800	19,600	-15,300	16,700	14,500	-10,200	3,700	5,000	2,700	-9,900	1,100	-12,900	19,575	-23,676	-2,621	-1,878
Change in fair value of derivative instruments
-8,200	-900	1,400	-4,100	-7,100	2,200	-2,600	0	5,900	7,900	-1,900	-2,700	-1,200	17,900	9,000	12,200	-1,200	6,700	3,500	13,500	-9,000	-21,000	400	-2,800	14,700	16,100	-3,600	26,600	21,100	-5,700	17,200	-100	-58,100	-	-	-	-
Amortization of debt discount and deferred financing costs
2,000	2,200	2,000	2,500	1,900	2,000	2,000	2,000	3,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash operating lease expense
500	-	-	-	400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-300	-6,600	1,100	0	700	8,600	-3,000	200	-2,200	20,100	17,200	23,700	1,200	700	-1,800	18,700	-100	27,100	-3,200	-24,300	3,900	4,600	-4,400	2,000	13,500	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-11,484	-4,574	3,561
Change in deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,400	-2,400	-4,100	-9,700	1,600	-8,300	-17,700	415	-4,624	-7,702	2,011
Change in other operating balances
Accounts receivable
2,100	-3,500	-600	1,000	-5,100	900	7,700	-1,300	-26,100	3,900	6,500	5,200	-200	-	-	2,800	500	-1,400	-3,700	5,400	-6,000	-7,200	3,100	4,300	-7,100	1,100	-8,100	-1,000	4,600	-5,200	23,200	-800	-19,500	15,858	-924	247	419
Inventory
-2,800	2,100	-200	2,600	-2,700	-800	2,900	-2,100	-1,600	-2,600	800	3,300	100	200	-1,500	3,200	-2,800	-700	1,100	800	-3,600	-1,000	1,700	2,500	100	-2,300	200	2,200	-900	700	1,200	5,100	-800	-	-	-	-
Prepayments and other assets
1,700	-4,100	-400	-800	1,400	-5,500	600	-3,000	-800	200	-900	-2,900	3,200	-5,100	1,400	-12,100	10,400	19,800	-10,900	-5,000	-4,300	-2,900	-3,500	-7,300	-7,400	2,700	-7,900	-6,600	-39,700	100	3,400	-5,100	14,900	-2,670	1,814	-1,068	-176
Accounts payable
-5,700	6,400	-1,400	-1,800	1,900	-200	900	-5,100	3,200	-1,200	1,700	-1,000	-400	-600	-3,100	2,100	1,400	-2,800	-2,700	2,100	-5,500	700	-200	-1,700	-2,900	3,500	-2,500	-1,400	-8,000	6,200	15,300	-7,000	6,600	-	-	-	-
Accruals and other liabilities
-7,000	-400	4,200	2,500	-5,200	-6,200	7,100	-1,600	-5,900	-3,000	1,600	-7,500	8,400	-12,200	13,000	-13,800	10,900	-13,600	-3,300	-200	7,700	-36,600	15,600	-3,900	-14,300	-6,200	16,600	-16,100	5,500	-4,500	1,100	-3,300	5,500	-	-	-	-
Amortization of Debt Issuance Costs and Discounts
-	-	-	-	-	-	-	-	-	-	2,600	2,500	2,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and accrued liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,532	-6,933	1,937
Other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	314	-1,992	500
Cash provided by operating activities
8,400	40,200	36,400	38,900	29,200	39,700	19,400	28,100	50,300	30,500	53,000	51,600	34,100	20,400	38,200	24,300	29,400	20,600	14,300	18,300	35,100	19,100	40,400	34,200	-28,700	9,100	46,400	7,200	89,700	43,000	34,800	22,700	66,600	-	-	-	-
Cash (used in) provided by investing activities:
Insurance proceeds
7,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capitalized development costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	800	-	-	-	-	-	-	-	-	100	200	100	100	147	166	279	308
Reimbursement of costs for third party construction project
-	-	-	-	-	-	-	-	-	-	-	-	-	100	0	0	4,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,368	20,347
Proceeds from loan with Idaho Wind
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,110
Change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,700	4,300	-5,200	700	-3,100	4,800	-9,700	5,600	200	-4,800	-73,600	-5,400	79,700	700	18,700	-93,900	107,800	-8,700	6,400	-6,679	7,089	-2,234	7,524
Proceeds from sales of assets and equity investments, net
-	-	-	-	1,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from asset sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	-	-	-	-	-	-	-	-	-	-	-	-
Construction in progress
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,100	400	4,100	6,700	2,100	26,400	120,200	105,800	66,700	163,500	34,844	35,935	27,266	15,055
Purchase of property, plant and equipment
10,000	6,400	500	100	300	300	200	200	1,100	-400	1,500	2,200	2,000	700	4,500	1,300	700	1,900	4,400	3,700	1,300	2,100	8,800	-100	2,600	1,300	1,500	1,700	1,000	1,700	400	100	700	1,186	237	239	338
Cash (used in) provided by investing activities
-2,600	6,300	-29,100	-100	1,200	-100	-14,500	-1,300	-1,100	1,400	-1,500	-2,200	-2,000	-3,200	-2,800	-5,600	9,200	-2,700	-1,200	317,200	7,600	-7,700	1,000	3,800	71,600	-500	-3,700	197,400	-46,100	-108,300	-210,500	-34,300	-170,700	-	-	-	-
Cash used in financing activities:
Proceeds from convertible debenture issuance
-	-	-	-	-	0	0	0	92,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from senior secured term loan facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	600,000	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,705	-18,115
Proceeds from project-level debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	20,800	30,600	6,000	71,100	184,200	35,426	35,484	27,109	2,781
Repayment of corporate and project-level debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	324,900	29,400	32,800	-	13,900	43,000	565,000	3,400	51,200	61,600	2,600	272,700	2,800	6,600	2,700	8,334	2,825	6,941	3,400
Repayment of convertible debentures
-	-	-	-	-	0	100	-100	88,100	-	-	-	-	1,100	60,400	110,700	16,300	200	700	12,300	5,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common share repurchases
8,200	1,700	0	700	100	4,300	3,100	2,800	6,400	-	-	-	-	5,600	9,200	3,800	900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred share repurchases
6,400	0	100	200	7,700	0	3,500	500	4,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of corporate and project-level debt
21,600	20,000	18,300	18,200	15,800	20,800	20,700	26,400	32,400	79,600	29,400	29,500	27,400	18,000	23,700	475,200	27,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash payments for vested LTIP withheld for taxes
700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for revolving credit facility borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	64,100	2,900	0	0	52,800	8,000	-	-	-	-
Proceeds from revolving credit facility borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	47,000	0	0	22,800	-	-	-	-
Deferred financing costs
1,500	-	-	-	-	0	300	0	4,800	-	-	-	-	-	-	-	-	-	-	-	-	0	200	500	38,300	-	-	-	-	5,900	6,400	8,700	10,200	-	-	-	-
Dividends paid to preferred shareholders
1,700	1,900	1,800	1,800	1,900	2,000	2,000	2,100	2,200	2,200	2,200	2,200	2,100	2,100	2,200	2,200	2,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity contribution from noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	42,600	2,000	-	-	-	-	-	-	-	-
Offering costs related to tax equity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	400	600	-	-	-	-	-	-	-	-
Dividends paid to common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,700	2,900	2,900	2,900	11,100	10,700	10,200	10,900	11,000	7,800	35,400	-	-	-	-	-	-	-	-
Dividends paid to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,100	2,700	-9,300	6,200	6,200	8,000	-5,000	4,600	8,400	900	-	-	-	-	-	-	-	-
Dividends paid to preferred shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,100	2,300	2,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35,400	36,000	-	19,153	19,538	18,852
Cash used in financing activities
-40,100	-23,700	-20,300	-41,300	-25,500	-27,100	-29,700	-32,500	-45,700	-81,900	-35,100	-32,400	-29,500	-27,300	-95,800	71,200	-46,700	-21,900	-330,400	-48,000	-46,400	-69,100	-31,400	-60,400	-21,500	-21,000	-67,300	-99,700	-19,600	87,300	157,700	-32,400	150,100	-	-	-	-
Net (decrease) increase in cash, restricted cash and cash equivalents
-34,300	22,800	-13,000	-2,500	4,900	12,500	-24,800	-5,700	3,500	-50,000	16,400	17,000	2,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (decrease) increase in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-60,400	89,900	-8,100	-4,000	-317,300	287,500	-3,700	-57,700	10,000	-22,400	21,400	-12,400	-24,600	104,900	24,000	22,000	-18,000	-44,000	46,000	-	-	-	-
Less cash at discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,200	-	-	-	-9,400	-	-	-	-5,000	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	630	-19,471
Net increase in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,293	-17,239
Supplemental cash flow information
Interest paid
8,300	10,600	8,300	10,500	8,200	11,000	10,100	11,600	8,600	27,800	10,800	20,300	13,100	27,400	8,600	24,500	10,200	24,500	29,200	34,600	11,700	44,400	9,700	47,900	66,800	43,400	21,700	48,200	17,100	-37,500	19,500	40,200	18,000	18,633	3,967	12,941	4,659
Income taxes paid, net
700	-1,200	1,100	1,600	800	600	600	900	1,000	1,000	1,200	1,300	900	700	900	1,000	900	6,100	2,400	1,300	400	2,800	0	800	200	1,300	3,200	0	1,400	-2,000	1,600	900	600	1,452	84	-450	14
Accruals for construction in progress
300	-	-	-	-	-	-	-200	300	-	-	-	-	800	-600	0	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accruals for construction in progress
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-1,200	9,400	600	-300	-8,500	17,100	-36,000	14,600	21,800	3,700	-	-	-	-