ATLANTIC POWER CORPORATION AT Income Statement

Atlantic power corporation (AT)

Income statement / TTM

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
-	-	-	-	-	-	-	-	-	-	-	-	-	-	184,900	187,600	190,000	191,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Energy capacity revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Energy sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	184,700	204,600	219,100	231,700	282,200	258,900	231,400	214,500	149,129	116,633	85,098	43,600	0	0	0	0	0
Energy capacity revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	160,500	161,300	162,900	163,700	157,000	149,900	144,500	147,200	69,441	53,711	43,862	34,000	105,055	101,180	0	0	0
Other (Note 2)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	72,500	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Project revenues
281,400	281,600	286,100	280,400	275,300	282,300	311,600	354,800	412,600	431,000	424,400	417,000	391,200	399,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Project expenses:
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	84,700	82,400	79,300	78,000	77,700	74,400	72,600	68,100	65,247	51,868	37,619	16,300	1,470	1,270	0	0	0
Total project revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	429,900	448,300	461,300	473,400	516,900	483,200	448,500	429,800	268,682	207,077	158,935	93,900	205,657	208,866	0	0	0
Fuel
71,900	72,300	74,400	71,700	70,900	73,100	81,100	90,600	99,600	106,300	117,800	128,400	139,500	149,500	150,600	154,900	157,800	165,100	176,200	184,400	196,800	210,400	209,400	206,800	206,400	194,300	185,700	179,100	166,400	164,900	114,898	89,616	66,632	37,500	65,880	66,833	0	0	0
Operations and maintenance
81,200	77,000	73,200	71,700	80,300	85,000	90,700	92,500	88,600	87,800	89,300	97,700	104,400	105,200	101,300	97,900	103,200	103,500	104,800	108,900	102,700	109,000	104,500	112,900	130,200	130,000	141,800	131,000	122,500	119,600	83,003	64,627	34,528	20,900	33,843	32,161	0	0	0
Depreciation and amortization
63,900	64,500	66,400	71,200	76,100	83,700	88,500	98,900	107,400	113,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Development
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Development
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,100	5,500	6,200	7,200	0	0	0	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	114,300	117,200	119,800	122,300	91,600	102,900	113,900	124,300	153,900	142,500	131,000	116,600	80,317	58,597	39,221	23,600	40,765	41,956	0	0	0
Total project expenses
217,000	213,800	214,000	214,600	227,300	241,800	260,300	282,000	295,600	307,200	335,400	348,300	362,100	368,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total project expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	410,600	428,100	456,700	455,800	486,300	456,100	421,600	401,100	278,218	212,840	140,381	82,000	140,488	140,950	0	0	0
Project other income (loss):
Change in fair value of derivative instruments (Notes 6 and 7)
-12,100	-8,900	-9,700	-10,800	-4,000	2,200	11,500	9,600	7,100	2,100	12,100	23,000	37,900	37,900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of derivative instruments (Notes 13 and 14)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,800	-9,700	-16,900	6,800	15,400	10,200	34,900	25,500	25,400	39,600	10,500	-59,300	-53,403	-75,587	-75,361	-14,600	-22,241	-9,765	0	0	0
Equity in earnings of unconsolidated affiliates (Note 4)
-2,200	-3,000	43,900	42,000	43,800	43,200	15,100	14,100	-51,500	-54,800	-28,200	-27,800	34,200	35,900	36,300	35,600	36,600	36,700	26,100	32,800	27,900	25,500	-1,500	22,000	27,000	25,800	57,800	22,700	19,500	15,200	13,153	11,527	7,989	6,400	9,735	10,387	0	0	0
Interest, net
-1,100	-1,100	-1,200	-1,300	-1,500	-1,800	-12,300	-14,100	-15,900	-17,500	-8,900	-9,100	-9,300	-9,200	-8,900	-8,600	-8,200	-8,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment (Note 9)
-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Insurance loss (Note 13)
-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9,700	-16,400	-23,000	-19,900	-30,000	-25,100	-20,400	-16,400	-8,734	-6,210	-6,653	-7,300	-14,931	-17,663	0	0	0
Other income, net
-	-1,200	5,500	0	0	-	0	-	-	-	0	-	700	400	2,700	0	0	-	-	0	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-18	200	0	0	0
Total project other income (loss)
-23,500	-21,000	28,200	32,800	42,500	47,700	-22,900	-91,500	-161,400	-171,200	-83,400	-99,300	-22,400	-20,900	-158,100	-79,700	-81,700	-81,900	20,900	-66,300	-95,600	-83,400	-71,700	-3,100	34,800	27,400	19,000	37,800	10,200	-59,900	-48,944	-70,237	-74,023	-15,500	-27,455	-16,841	0	0	0
Project income
40,900	46,800	100,300	98,600	90,500	88,200	28,400	-18,700	-44,400	-47,400	5,600	-30,600	6,700	10,100	-107,500	-26,200	-34,200	-41,400	65,400	-23,900	-43,100	-38,900	-52,400	17,100	39,400	45,000	49,600	64,900	37,100	-31,200	-58,480	-76,000	-55,469	-3,600	37,714	51,075	0	0	0
Administrative and other expenses:
Administration
23,800	23,900	23,300	23,500	24,700	23,900	23,900	23,700	23,200	23,600	22,600	22,800	22,900	22,600	24,100	25,300	26,100	29,400	34,300	36,600	40,200	37,900	33,200	32,400	34,000	35,200	34,800	32,700	28,900	28,300	39,136	44,675	41,346	37,700	24,667	16,671	0	0	0
Interest expense, net
-43,700	-44,000	-44,900	-48,600	-48,700	-52,700	-55,500	-54,700	-62,000	-64,200	-67,700	-73,900	-106,700	-106,000	-103,600	-124,600	-98,000	-107,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-146,300	-147,100	-144,700	-104,100	-99,300	-97,600	-93,700	-89,800	-84,385	-61,922	-44,032	-26,000	-13,522	-12,703	0	0	0
Foreign exchange (gain) loss
13,700	-11,900	6,600	-700	9,600	22,800	10,600	5,700	-5,600	-16,300	-12,700	100	3,400	-13,900	-7,800	10,500	8,300	60,300	66,900	64,200	53,700	38,300	35,000	6,900	36,700	27,400	16,900	18,300	8,000	-500	2,083	-11,793	-15,458	-13,800	-18,130	-778	0	0	0
Other expense, net (Note 6)
1,100	-1,000	2,500	-200	-3,700	3,000	0	0	0	-	-	-	-	3,900	3,900	2,200	4,200	3,100	0	0	0	-	-	-	-	-	-	0	-	-	0	0	-	-	-	-	-	-	0
Total administrative and other expenses
52,700	80,800	59,100	73,000	67,500	50,800	68,700	70,100	88,400	103,700	103,000	94,900	124,800	138,600	131,600	137,200	111,600	73,100	80,800	71,500	90,400	145,700	143,500	171,600	131,500	101,400	107,700	102,800	108,900	112,900	115,638	112,290	100,736	77,400	56,319	30,126	0	0	0
Income from operations before income taxes
-11,800	-34,000	41,200	25,600	23,000	37,400	-40,300	-88,800	-132,800	-151,100	-97,400	-125,500	-118,100	-128,500	-239,100	-163,400	-145,800	-114,500	-15,400	-95,400	-133,500	-184,600	-195,900	-154,500	-92,100	-56,400	-58,100	-37,900	-71,800	-144,100	-174,118	-188,290	-156,205	-81,000	-18,605	20,949	0	0	0
Income tax expense (Note 8)
10,700	9,800	-5,100	-1,700	-2,400	200	-11,900	-31,400	-54,600	-58,100	-38,900	-20,400	-16,500	-14,600	-44,300	-45,500	-24,200	-30,400	-11,700	-11,700	-19,100	-31,400	-50,900	-52,300	-47,200	-32,800	-10,900	-7,800	-13,700	-28,100	-18,716	-27,139	-29,523	-11,100	-7,870	1,071	0	0	0
Income (loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-84,100	-3,700	-83,700	-114,400	-153,200	-145,000	-102,200	-44,900	-23,600	-47,200	-30,100	-58,100	-116,000	-124,949	0	0	-	0	-	-	-	-
Net income from discontinued operations, net of tax (Note 3)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,500	13,500	6,300	-33,000	-29,000	-16,700	-9,500	-9,200	-200	-39,400	-19,900	4,800	15,700	51,171	0	0	-	0	-	-	-	-
Net income
-22,500	-43,800	46,300	27,300	25,400	37,200	-28,400	-57,400	-78,200	-93,000	-58,500	-105,100	-101,600	-113,900	-196,100	-119,700	-89,800	-64,600	9,800	-77,400	-147,400	-182,200	-162,200	-111,700	-54,100	-23,800	-86,100	-50,000	-53,300	-100,300	-72,473	-95,951	-80,782	-35,600	-9,464	19,878	0	0	0
Net loss attributable to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-11,000	0	0	0	-	-	-	-	-3,400	-3,200	-1,100	-2,400	-600	-851	-529	-446	-500	-448	-451	0	0	0
Net loss attributable to preferred shares of a subsidiary company (Note 11)
-500	-1,200	-1,100	-4,300	-4,400	400	600	1,300	1,800	5,600	5,600	8,500	8,600	8,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to preferred shares dividends of a subsidiary company
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	11,900	12,200	12,200	12,600	12,800	13,000	13,100	13,100	0	0	0	-	-	-	-	-	-
Net loss attributable to noncontrolling interests of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to Atlantic Power Corporation
-22,000	-42,600	47,400	31,600	29,800	36,800	-29,000	-58,700	-80,000	-98,600	-64,100	-113,600	-110,200	-122,400	-204,400	-128,000	-94,800	-62,400	15,800	-67,100	-141,000	-177,400	-162,200	-114,600	-58,400	-33,000	0	0	0	-	-	-	-	-	-	-	-	0	-
Net earnings per share attributable to Atlantic Power Corporation shareholders: (Note 10)
Net loss attributable to Atlantic Power Corporation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0
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
141,700	138,000	138,800	134,600	129,500	130,900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Energy capacity revenue
Project revenues
123,200	125,400	124,800	116,300	108,000	97,900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Miscellaneous revenue
Project revenues
16,500	18,200	22,500	29,500	37,800	53,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-