v3.20.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 47.8 $ 74.9
Restricted cash 0.5 7.7
Accounts receivable 32.6 30.4
Insurance recovery receivable (Note 13) 6.1 13.5
Current portion of derivative instruments asset (Notes 6 and 7)   0.7
Inventory 15.8 18.6
Prepayments 6.7 3.8
Income taxes receivable (Note 8) 2.5 1.8
Lease receivable (Note 14) 0.4 0.9
Other current assets 0.3 0.4
Total current assets 112.7 152.7
Property, plant, and equipment, net 490.5 502.1
Equity investments in unconsolidated affiliates (Note 4) 103.7 96.6
Power purchase agreements and intangible assets, net 137.5 144.3
Goodwill 21.3 21.3
Operating lease right-of-use assets (Note 14) 5.9 6.3
Deferred income taxes (Note 8) 9.8 10.4
Other assets 0.6 1.9
Total assets 882.0 935.6
Current liabilities:    
Accounts payable 4.7 8.9
Accrued interest 3.2 2.6
Other accrued liabilities 13.6 20.8
Current portion of long-term debt (Note 5) 78.5 76.4
Current portion of derivative instruments liability (Notes 6 and 7) 18.0 12.0
Operating lease liabilities (Note 14) 2.0 2.0
Other current liabilities 0.2 0.2
Total current liabilities 120.2 122.9
Long-term debt, net of unamortized discount and deferred financing costs (Note 5) 436.3 473.5
Convertible debentures, net of discount and unamortized deferred financing costs 74.2 81.1
Derivative instruments liability (Notes 6 and 7) 16.5 15.9
Deferred income taxes (Note 8) 24.1 23.7
Power purchase agreements and intangible liabilities, net 18.5 19.8
Asset retirement obligations, net 49.8 51.5
Operating lease liabilities (Note 14) 4.3 4.8
Other long-term liabilities 4.1 4.7
Total liabilities 748.0 797.9
Equity    
Common shares, no par value, unlimited authorized shares; 105,502,338 and 108,675,294 issued and outstanding at March 31, 2020 and December 31, 2019 (Note 11) 1,252.1 1,259.9
Accumulated other comprehensive loss (Note 3) (152.2) (140.7)
Retained deficit (1,134.7) (1,164.2)
Total Atlantic Power Corporation shareholders’ equity (34.8) (45.0)
Preferred shares issued by a subsidiary company (Note 11) 168.8 182.7
Total equity 134.0 137.7
Total liabilities and equity $ 882.0 $ 935.6