ATLANTIC POWER CORPORATION AT Income Statement

Atlantic power corporation (AT)

Income statement / 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	Sep'10	Jun'10
Project revenue:
Energy sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	40,700	45,100	52,500	46,600	43,400	47,500	54,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,491	7,644	7,813	7,729
Energy capacity revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	44,000	37,300	31,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Energy sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	53,000	62,400	64,300	5,000	72,900	76,900	76,900	55,500	49,600	49,400	60,000	-9,871	17,104	17,865	18,502	22,713	16,659
Energy capacity revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	45,900	38,000	33,500	-	49,100	41,300	33,500	36,600	49,900	42,900	34,300	29,900	42,800	37,500	37,000	-47,859	27,070	27,651	27,138	23,196	23,195
Other (Note 2)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,500	15,800	22,000	-	18,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Project revenues
72,800	66,200	71,100	71,300	73,000	70,700	65,400	66,200	80,000	100,000	108,600	124,000	98,400	93,400	101,200	98,200	106,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Project expenses:
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,600	23,800	-	19,500	19,400	27,500	18,300	17,200	16,300	26,200	18,000	13,900	14,500	21,700	15,147	521	251	381	317	321
Total project revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	107,500	103,100	111,300	-	121,600	123,100	125,300	59,900	140,000	136,100	137,400	103,400	106,300	101,400	118,700	-57,718	44,695	53,258	53,665	54,039	47,904
Fuel
19,600	17,100	19,400	15,800	20,000	19,200	16,700	15,000	22,200	27,200	26,200	24,000	28,900	38,700	36,800	35,100	38,900	39,800	41,100	38,000	46,200	50,900	49,300	50,400	59,800	49,900	46,700	50,000	47,700	41,300	40,100	37,300	46,200	-8,702	14,818	14,316	17,068	19,678	15,771
Operations and maintenance
20,700	22,400	19,500	18,600	16,500	18,600	18,000	27,200	21,200	24,300	19,800	23,300	20,400	25,800	28,200	30,000	21,200	21,900	24,800	35,300	21,500	23,200	28,900	29,100	27,800	18,700	37,300	46,400	27,600	30,500	26,500	37,900	24,700	-6,097	8,124	7,801	11,072	6,846	6,442
Depreciation and amortization
15,600	16,000	16,200	16,100	16,200	17,900	21,000	21,000	23,800	22,700	31,400	29,500	29,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,300	25,500	24,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Development
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Development
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	1,100	700	2,300	1,400	1,800	1,700	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27,800	28,200	28,000	30,300	30,700	30,800	30,500	-400	42,000	41,800	40,900	29,200	30,600	30,300	26,500	-7,083	8,880	10,924	10,879	10,082	10,071
Total project expenses
55,900	55,500	55,100	50,500	52,700	55,700	55,700	63,200	67,200	74,200	77,400	76,800	78,800	102,400	90,300	90,600	84,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total project expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	93,700	101,500	96,800	-	109,900	111,400	118,800	70,500	127,400	140,000	117,900	101,000	97,200	105,500	97,400	-21,882	31,822	33,041	39,019	36,606	32,284
Project other income (loss):
Change in fair value of derivative instruments (Notes 6 and 7)
-5,600	-600	1,100	-7,000	-2,400	-1,400	0	-200	3,800	7,900	-1,900	-2,700	-1,200	17,900	9,000	12,200	-1,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of derivative instruments (Notes 13 and 14)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,600	6,800	-1,700	-16,500	1,700	-400	22,000	-7,900	-3,500	24,300	12,600	-8,000	10,700	-4,800	-57,200	-2,103	-11,484	-4,574	3,561	-9,744	992
Equity in earnings of unconsolidated affiliates (Note 4)
13,700	-37,400	12,100	9,400	12,900	9,500	10,200	11,200	12,300	-18,600	9,200	-54,400	9,000	8,000	9,600	7,600	10,700	8,400	8,900	8,600	10,800	-2,200	15,600	3,700	8,400	-29,200	39,100	8,700	7,200	2,800	4,000	5,500	2,900	753	2,374	1,962	1,311	4,088	3,026
Interest, net
-300	-300	-300	-200	-300	-400	-400	-400	-600	-10,900	-2,200	-2,200	-2,200	-2,300	-2,400	-2,400	-2,100	-2,000	-2,100	-2,000	-2,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment (Note 9)
-	-	-	-	-	-	-	-	-	-	57,300	-	-	-	84,700	-	-	-	-	-	-	-	91,800	-	-	-	34,800	-	-	-	-	-	-	-	-	-	-	-	-
Insurance loss (Note 13)
-	-	-1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,300	-2,200	-11,100	5,900	-9,000	-8,800	-8,000	-4,200	-4,100	-4,100	-4,000	3,466	-1,576	-4,543	-4,647	-4,165	-4,308
Other income, net
-	0	0	-1,300	100	-	6,700	-	-	-	100	-	100	-100	500	200	-200	-	-	2,200	-	-	-	-14,800	-100	-	-	-	-	-	-	-	-	-	-7	-31	-2	22	211
Total project other income (loss)
7,800	-44,100	11,900	900	10,300	5,100	16,500	10,600	15,500	-65,500	-52,100	-59,300	5,700	22,300	-68,000	17,600	7,200	-114,900	10,400	15,600	7,000	-12,100	-76,800	-13,700	19,200	-400	-8,200	24,200	11,800	-8,800	10,600	-3,400	-58,300	2,156	-10,693	-7,186	223	-9,799	-79
Project income
24,700	-33,400	27,900	21,700	30,600	20,100	26,200	13,600	28,300	-39,700	-20,900	-12,100	25,300	13,300	-57,100	25,200	28,700	-104,300	24,200	17,200	21,500	2,500	-65,100	-2,000	25,700	-11,000	4,400	20,300	31,300	-6,400	19,700	-7,500	-37,000	-33,680	2,180	13,031	14,869	7,634	15,541
Administrative and other expenses:
Administration
6,700	6,600	5,500	5,000	6,800	6,000	5,700	6,200	6,000	6,000	5,500	5,700	6,400	5,000	5,700	5,800	6,100	6,500	6,900	6,600	9,400	11,400	9,200	10,200	7,100	6,700	8,400	11,800	8,300	6,300	6,300	8,000	7,700	17,136	11,839	4,671	4,054	4,103	3,843
Interest expense, net
-10,800	-11,000	-10,900	-11,000	-11,100	-11,900	-14,600	-11,100	-15,100	-14,700	-13,800	-18,400	-17,300	-18,200	-20,000	-51,200	-16,600	-15,800	-41,000	-24,600	-25,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-26,700	-27,700	-66,500	-25,400	-27,500	-25,300	-25,900	-20,600	-25,800	-21,400	-22,000	-15,185	-3,337	-3,510	-3,968	-2,707	-2,518
Foreign exchange (gain) loss
20,600	-4,800	2,800	-4,900	-5,000	13,700	-4,500	5,400	8,200	1,500	-9,400	-5,900	-2,500	5,100	3,400	-2,600	-19,800	11,200	21,700	-4,800	32,200	17,800	19,000	-15,300	16,800	14,500	-9,100	14,500	7,500	4,000	-7,700	4,200	-1,000	6,583	-21,576	535	658	2,253	-4,224
Other expense, net (Note 6)
-2,600	-200	200	3,700	-4,700	3,300	-2,500	200	2,000	-	-	-	-	0	1,700	-300	2,500	0	0	1,700	1,400	-	-	-	-	-	-	9,500	-	-	-300	6,000	-	-	-	-	-	-	26
Total administrative and other expenses
-500	22,600	13,400	17,200	27,600	900	27,300	11,700	10,900	18,800	28,700	30,000	26,200	18,100	20,600	59,900	40,000	11,100	26,200	34,300	1,500	18,800	16,900	53,200	56,800	16,600	45,000	13,100	26,700	22,900	40,100	19,200	30,700	25,638	36,752	7,646	7,364	4,557	10,559
Income from operations before income taxes
25,200	-56,000	14,500	4,500	3,000	19,200	-1,100	1,900	17,400	-58,500	-49,600	-42,100	-900	-4,800	-77,700	-34,700	-11,300	-115,400	-2,000	-17,100	20,000	-16,300	-82,000	-55,200	-31,100	-27,600	-40,600	7,200	4,600	-29,300	-20,400	-26,700	-67,700	-59,318	-34,572	5,385	7,505	3,077	4,982
Income tax expense (Note 8)
1,500	7,400	200	1,600	600	-7,500	3,600	900	3,200	-19,600	-15,900	-22,300	-300	-400	2,600	-18,400	1,600	-30,100	1,400	2,900	-4,600	-11,400	1,400	-4,500	-16,900	-30,900	0	600	-2,500	-9,000	3,100	-5,300	-16,900	384	-5,323	-7,684	1,523	3,614	3,618
Income (loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-85,300	-3,400	-20,000	24,600	-4,900	-83,400	-50,700	-14,200	3,300	-40,600	6,600	7,100	-20,300	-23,500	-21,400	-50,800	-	-29,249	-	-	-	-
Net income from discontinued operations, net of tax (Note 3)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,300	-500	33,600	-12,300	-7,300	-7,700	-5,700	-8,300	5,000	-500	-5,400	700	-34,200	19,000	19,300	11,600	-	1,271	-	-	-	-
Net income
23,700	-63,400	14,300	2,900	2,400	26,700	-4,700	1,000	14,200	-38,900	-33,700	-19,800	-600	-4,400	-80,300	-16,300	-12,900	-86,600	-3,900	13,600	12,300	-12,200	-91,100	-56,400	-22,500	7,800	-40,600	1,200	7,800	-54,500	-4,500	-2,100	-39,200	-26,673	-27,978	13,069	5,982	-537	1,364
Net loss attributable to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-100	-3,400	-7,500	-	-	-	-	-100	-2,500	1,100	-1,900	100	-400	-200	-100	-151	-78	-117	-154	-99	-81
Net loss attributable to preferred shares of a subsidiary company (Note 11)
-5,800	1,900	1,700	1,700	-6,500	2,000	-1,500	1,600	-1,700	2,200	-800	2,100	2,100	2,200	2,100	2,200	2,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to preferred shares dividends of a subsidiary company
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,100	2,300	2,300	-	2,900	3,100	2,800	3,100	3,200	3,100	3,200	3,300	3,400	3,200	3,200	-	-	-	-	-	-
Net loss attributable to noncontrolling interests of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,100	-300	-6,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to Atlantic Power Corporation
29,500	-65,300	12,600	1,200	8,900	24,700	-3,200	-600	15,900	-41,100	-32,900	-21,900	-2,700	-6,600	-82,400	-18,500	-14,900	-88,600	-6,000	14,700	17,500	-10,400	-88,900	-59,200	-18,900	4,800	-41,300	-3,000	6,500	-	-	-	-	-	-	-	-	-438	-
Net earnings per share attributable to Atlantic Power Corporation shareholders: (Note 10)
Net loss attributable to Atlantic Power Corporation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,500	-5,100	-42,300	-	-27,900	13,186	6,136	-	1,445
Basic
-	-	-	-	-	-	-	-	-	-	-0.29	-0.19	-0.02	-	-0.69	-0.15	-0.12	-	-	-	-	-	-	-	-0.15	-	-0.34	0.02	0.04	-	-0.22	-0.21	-0.47	-	-	-	-	-	-
Loss from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	-	0.00	-0.05	0.01	-	0.16	0.17	0.10	-	-	-	-	-	-
Basic (in dollars per share)
0.28	-0.60	0.12	0.01	0.08	0.23	-0.03	-0.01	0.14	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.16	-	-0.34	-0.03	0.05	-	-0.06	-0.04	-0.37	-	-0.40	0.19	0.09	-0.01	0.02
Diluted
-	-	-	-	-	-	-	-	-	-	-0.29	-0.19	-0.02	-	-0.69	-0.15	-0.12	-	-	-	-	-	-	-	-0.15	-	-0.34	0.02	0.04	-	-0.22	-0.21	-0.47	-	-	-	-	-	-
Loss from continuing operations attributable to Atlantic Power Corporation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.70	-0.05	-0.18	0.17	-	-0.72	-0.45	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	-0.01	0.30	-0.03	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Loss) income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.02	-0.04	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic and diluted loss per share attributable to Atlantic Power Corporation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.72	-0.05	0.12	0.14	-	-0.74	-0.49	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	-	0.00	-0.05	0.01	-	0.16	0.17	0.10	-	-	-	-	-	-
Diluted (in dollars per share)
0.23	-0.57	0.10	0.01	0.07	0.21	-0.03	-0.01	0.12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.16	-	-0.34	-0.03	0.05	-	-0.06	-0.04	-0.37	-	-0.40	0.18	0.09	-0.01	0.02
Weighted average number of common shares outstanding: (Note 10)
Basic (in shares)
107,200	109,200	109,400	109,700	108,900	109,700	111,100	112,400	114,800	115,100	115,300	115,200	114,800	115,200	119,300	121,600	121,900	122,100	122,100	121,900	121,500	121,200	120,700	120,600	120,300	120,200	120,000	119,900	119,500	119,300	119,000	113,700	113,600	104,863	68,910	68,573	67,654	60,511	60,481
Diluted (in shares)
134,800	50,600	137,800	110,200	138,600	203,100	111,100	112,400	140,600	115,100	115,300	115,200	114,800	115,200	119,300	121,600	121,900	120,900	122,200	122,100	122,400	121,200	120,700	120,600	120,300	119,800	120,000	119,900	119,900	119,300	119,000	113,700	113,600	104,035	68,910	68,884	68,171	60,511	60,890
Dividends per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.03	0.02	0.02	0.02	-	0.06	0.09	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Energy sales
Project revenues
40,700	35,300	29,200	36,500	37,000	36,100	25,000	31,400	38,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Energy capacity revenue
Project revenues
28,000	25,600	38,000	31,600	30,200	25,000	29,500	23,300	20,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Miscellaneous revenue
Project revenues
4,100	5,300	3,900	3,200	5,800	9,600	10,900	11,500	21,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-