v3.20.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Project revenue:    
Revenues $ 72.8 $ 73.0
Project expenses:    
Fuel 19.6 20.0
Operations and maintenance 20.7 16.5
Depreciation and amortization 15.6 16.2
Total project expenses 55.9 52.7
Project other income (loss):    
Change in fair value of derivative instruments (Notes 6 and 7) (5.6) (2.4)
Equity in earnings of unconsolidated affiliates (Note 4) 13.7 12.9
Interest, net (0.3) (0.3)
Other income, net   0.1
Total project other income (loss) 7.8 10.3
Project income 24.7 30.6
Administrative and other expenses:    
Administration 6.7 6.8
Interest expense, net 10.8 11.1
Foreign exchange (gain) loss (20.6) 5.0
Other expense, net (Note 6) 2.6 4.7
Total administrative and other expenses (0.5) 27.6
Income from operations before income taxes 25.2 3.0
Income tax expense (Note 8) 1.5 0.6
Net income 23.7 2.4
Net loss attributable to preferred shares of a subsidiary company (Note 11) (5.8) (6.5)
Net income attributable to Atlantic Power Corporation $ 29.5 $ 8.9
Net earnings per share attributable to Atlantic Power Corporation shareholders: (Note 10)    
Basic (in dollars per share) $ 0.28 $ 0.08
Diluted (in dollars per share) $ 0.23 $ 0.07
Weighted average number of common shares outstanding: (Note 10)    
Basic (in shares) 107.2 108.9
Diluted (in shares) 134.8 138.6
Energy sales    
Project revenue:    
Revenues $ 40.7 $ 37.0
Energy capacity revenue    
Project revenue:    
Revenues 28.0 30.2
Miscellaneous revenue    
Project revenue:    
Revenues $ 4.1 $ 5.8