v2.4.0.6

Assets held for sale | 12 Months Ended
--- | ---
Dec. 31, 2012
Assets held for sale |
Assets held for sale | 19. Assets held for sale During the year ended December 31, 2012, we classified our Path 15, Auburndale, Lake and Pasco projects as assets held for sale based on our intention to sell the projects within the next twelve months. We approved a plan to sell these assets prior to December 31, 2012. Accordingly, the assets and liabilities of Path 15, Auburndale, Lake and Pasco have been classified separately as held for sale in the consolidated balance sheet at December 31, 2012 and the projects' net income is recorded as income from discontinued operations, net of tax in the statements of operations for the years ended December 31, 2012, 2011, and 2010. Income from discontinued operations includes a $50.0 million impairment of long-lived assets charge recorded in December 2012. The following tables summarize the revenue, income from operations, and income tax expense of Path 15, Auburndale, Lake, and Pasco projects for the years ended December 31, 2012, 2011, and 2010 as well as the assets and liabilities held for sale for the year ended December 31, 2012:
|  | December 31, |
--- | --- | --- | ---
|  | 2012 |  | 2011 |  | 2010 |
Revenue |  | $ | 216,705 |  | $ | 191,000 |  | $ | 194,205 |
Income from discontinued operations |  |  | 18,260 |  |  | 38,957 |  |  | 27,033 |
Income tax expense |  |  | 1,801 |  |  | 2,780 |  |  | 2,906 |
Income from discontinued operations, net of tax |  | $ | 16,459 |  | $ | 36,177 |  | $ | 24,127 |
Basic and diluted earnings per share related to income from discontinued operations for the Path 15, Auburndale, Lake and Pasco projects was $0.14, $0.46, and $0.39 for the years ended December 31, 2012, 2011, and 2010 respectively.
|  | December 31, 2012 |
--- | --- | --- | ---
Current assets: |  |  |  |
Cash and cash equivalents |  | $ | 6,473 |
Restricted cash |  |  | 12,658 |
Accounts receivable |  |  | 21,894 |
Other current assets |  |  | 6,260 |
|  |  | 47,285 |
Non-current assets: |  |  |  |
Property, plant, and equipment |  |  | 111,931 |
Transmission system rights |  |  | 172,430 |
Goodwill |  |  | 8,918 |
Other intangible assets |  |  | 9,994 |
Other assets |  |  | 821 |
Assets held for sale |  | $ | 351,379 |
Current liabilities: |  |  |  |
Accounts payable and other accrued liabilities |  | $ | 16,459 |
Current portion of long-term debt |  |  | 14,302 |
Current portion of derivative instrument asset |  |  | 20,586 |
|  |  | 51,347 |
Long term liabilities |  |  |  |
Long-term debt |  |  | 137,666 |
Derivative instrument liability |  |  | — |
Deferred tax liability |  |  | 25 |
Liabilities held for sale |  | $ | 189,038 |

X
- Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 144 -Paragraph 43-48 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1436-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2941-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1012-107759 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1020-107759 + Details
Name: | us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration