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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 12 Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
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Dec. 31, 2012
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Sep. 30, 2012
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Jun. 30, 2012
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Mar. 31, 2012
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Dec. 31, 2011
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Sep. 30, 2011
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Jun. 30, 2011
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Mar. 31, 2011
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Dec. 31, 2012
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Dec. 31, 2011
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Dec. 31, 2010
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| Project revenue: | |||||||||||
| Energy sales | $ 217,038 | $ 43,590 | |||||||||
| Energy capacity revenue | 154,851 | 34,009 | 786 | ||||||||
| Other | 68,488 | 16,296 | 265 | ||||||||
| Total project revenue | 113,952 | 106,305 | 101,421 | 118,699 | 79,158 | 5,035 | 5,107 | 4,595 | 440,377 | 93,895 | 1,051 |
| Project expenses: | |||||||||||
| Fuel | 169,093 | 37,471 | 193 | ||||||||
| Operations and maintenance | 124,759 | 22,723 | 1,060 | ||||||||
| Depreciation and amortization | 118,031 | 23,682 | 88 | ||||||||
| Total project expenses | 411,883 | 83,876 | 1,341 | ||||||||
| Project other income (expense): | |||||||||||
| Change in fair value of derivative instruments (Note 12) | (59,272) | (14,594) | 3,275 | ||||||||
| Equity in earnings of unconsolidated affiliates (Note 4) | 15,246 | 6,356 | 13,777 | ||||||||
| Gain on sale of equity investments | 578 | 1,511 | |||||||||
| Interest expense, net | (16,438) | (7,244) | (3,638) | ||||||||
| Other (expense) income, net | (516) | 20 | 211 | ||||||||
| Total project other income (expense) | (60,402) | (15,462) | 15,136 | ||||||||
| Project income (loss) | (6,078) | 18,646 | (7,515) | (36,961) | 1,795 | (6,991) | (1,573) | 1,326 | (31,908) | (5,443) | 14,846 |
| Administrative and other expenses (income): | |||||||||||
| Administration | 28,267 | 37,688 | 16,149 | ||||||||
| Interest, net | 89,868 | 25,953 | 11,701 | ||||||||
| Foreign exchange loss (gain) (Note 12) | 547 | 13,838 | (1,014) | ||||||||
| Other income, net (Note 3) | (5,728) | (26) | |||||||||
| Total administrative and other expenses (income) | 112,954 | 77,479 | 26,810 | ||||||||
| Loss from continuing operations before income taxes | (144,862) | (82,922) | (11,964) | ||||||||
| Income tax expense (benefit) (Note 13) | (28,083) | (11,104) | 16,018 | ||||||||
| Loss from continuing operations | (116,779) | (71,818) | (27,982) | ||||||||
| Income from discontinued operations, net of tax (Note 19) | (34,515) | 20,106 | 19,319 | 11,549 | (811) | 10,442 | 13,682 | 12,864 | 16,459 | 36,177 | 24,127 |
| Net loss | (100,320) | (35,641) | (3,855) | ||||||||
| Net loss attributable to noncontrolling interests | (593) | (480) | (103) | ||||||||
| Net income attributable to preferred shares dividends of a subsidiary company | 13,049 | 3,247 | |||||||||
| Net loss attributable to Atlantic Power Corporation | $ (57,952) | $ (7,446) | $ (5,086) | $ (42,292) | $ (29,830) | $ (27,900) | $ 13,186 | $ 6,136 | $ (112,776) | $ (38,408) | $ (3,752) |
| Basic (loss) earnings per share: | |||||||||||
| Loss from continuing operations attributable to Atlantic Power Corporation (in dollars per share) | $ (0.20) | $ (0.23) | $ (0.21) | $ (0.47) | $ (0.25) | $ (0.56) | $ (0.01) | $ (0.10) | $ (1.11) | $ (0.96) | $ (0.45) |
| Income from discontinued operations, net of tax (in dollars per share) | $ (0.29) | $ 0.17 | $ 0.17 | $ 0.10 | $ (0.01) | $ 0.16 | $ 0.20 | $ 0.19 | $ 0.14 | $ 0.46 | $ 0.39 |
| Net loss attributable to Atlantic Power Corporation (in dollars per share) | $ (0.49) | $ (0.06) | $ (0.04) | $ (0.37) | $ (0.26) | $ (0.40) | $ 0.19 | $ 0.09 | $ (0.97) | $ (0.50) | $ (0.06) |
| Diluted (loss) earnings per share: | |||||||||||
| Loss from continuing operations attributable to Atlantic Power Corporation (in dollars per share) | $ (0.20) | $ (0.23) | $ (0.21) | $ (0.47) | $ (0.25) | $ (0.56) | $ (0.01) | $ (0.10) | $ (1.11) | $ (0.96) | $ (0.45) |
| Income from discontinued operations, net of tax (in dollars per share) | $ (0.29) | $ 0.17 | $ 0.17 | $ 0.10 | $ (0.01) | $ 0.16 | $ 0.19 | $ 0.19 | $ 0.14 | $ 0.46 | $ 0.39 |
| Net loss attributable to Atlantic Power Corporation (in dollars per share) | $ (0.49) | $ (0.06) | $ (0.04) | $ (0.37) | $ (0.26) | $ (0.40) | $ 0.18 | $ 0.09 | $ (0.97) | $ (0.50) | $ (0.06) |
| Weighted average number of common shares outstanding: (Note 18) | |||||||||||
| Basic (in shares) | 119,372 | 119,011 | 113,682 | 113,578 | 113,088 | 68,910 | 68,573 | 67,654 | 116,426 | 77,466 | 61,706 |
| Diluted (in shares) | 119,372 | 119,011 | 113,682 | 113,578 | 113,088 | 68,910 | 82,939 | 82,980 | 116,426 | 77,466 | 61,706 |
| X | ||||||||||
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- Definition
This element represents the aggregate amount of income (expense) from ancillary business-related activities, which also includes the expenses related to management fees and administration, during the period. No definition available.
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
This element represents the revenue associated with capacity payments under the power purchase agreements ("PPAs"), which are recognized as the lesser of the amount billable under the PPA or an amount determined by the kilowatt hours made available during the period multiplied by the estimated average revenue per kilowatt hour over the term of the PPA. No definition available.
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| X | ||||||||||
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- Definition
The amount of administrative and other nonoperating interest income net of interest expense. No definition available.
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| X | ||||||||||
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- Definition
The amount of project related net interest income or expense. No definition available.
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| X | ||||||||||
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- Definition
This element represents the other electric utility revenue during the reporting period. No definition available.
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| X | ||||||||||
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- Definition
The total amount of other project income (expense), not previously categorized from items, that are associated with the entity's normal revenue producing operation. No definition available.
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| X | ||||||||||
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- Definition
The aggregate amount of income (expense) from major activities considered part of the normal operations of the business. No definition available.
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The net result for the period of deducting project expenses from project revenues. No definition available.
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| X | ||||||||||
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- Definition
Total costs related to electricity produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Revenue earned during the period from the delivery of electricity to a retail customer's home or business through distribution wires or facilities of regulated public utilities. Also known as power delivery revenue. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate revenue, whether regulated or unregulated, derived from the generation, transmission and distribution of electricity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The aggregate foreign currency transaction gain (loss) (both realized and unrealized) included in determining net income for the reporting period. Excludes foreign currency transactions designated as hedges of net investment in a foreign entity and intercompany foreign currency transactions that are of a long-term nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements. For certain enterprises, primarily banks, that are dealers in foreign exchange, foreign currency transaction gains (losses) may be disclosed as dealer gains (losses). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Fuel costs incurred that are directly related to goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The difference between the carrying value and the sale price of equity securities, not separately or otherwise categorized as trading or available-for-sale. This element includes investments in which the entity holds a small ownership stake (generally, less than 20% of the shares outstanding) and cannot exert significant influence. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) derived from discontinued operations during the period, net of related tax effect, per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income or loss derived from discontinued operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
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| X | ||||||||||
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Discloses the amount of operating expense for the period for routine plant maintenance, repairs and operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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