Segment and geographic information (Tables)

9 Months Ended

Sep. 30, 2020

Segment and geographic information

Reconciliation of Project Adjusted EBITDA to net income (loss) from continuing operations



		Solid Fuel			Natural Gas			Hydroelectric			Corporate			Consolidated
Three Months Ended September 30, 2020
Project revenues		$	26.7		$	29.1		$	9.2		$	0.2		$	65.2
Segment assets			229.7			208.4			353.0			49.3			840.4
Project Adjusted EBITDA		$	17.1		$	27.1		$	5.6		$	(0.3)		$	49.5
Change in fair value of derivative instruments			—			(6.3)			—			(1.8)			(8.1)
Depreciation and amortization			5.7			8.2			4.9			—			18.8
Interest, net			0.6			—			—			0.2			0.8
Project income			10.8			25.2			0.7			1.3			38.0
Administration			—			—			—			5.6			5.6
Interest expense, net			—			—			—			10.8			10.8
Foreign exchange loss			—			—			—			5.1			5.1
Other income, net			—			—			—			(3.8)			(3.8)
Net income (loss) before income taxes			10.8			25.2			0.7			(16.4)			20.3
Income tax expense			—			—			—			2.5			2.5
Net income (loss)		$	10.8		$	25.2		$	0.7		$	(18.9)		$	17.8



		Solid Fuel			Natural Gas			Hydroelectric			Corporate			Consolidated
Three Months Ended September 30, 2019
Project revenues		$	26.1		$	35.1		$	9.7		$	0.2		$	71.1
Segment assets			295.6			251.3			371.6			78.7			997.2
Project Adjusted EBITDA		$	13.2		$	29.6		$	6.3		$	(0.2)		$	48.9
Change in fair value of derivative instruments			—			(2.6)			—			1.6			(1.0)
Depreciation and amortization			6.0			9.3			4.9			—			20.2
Interest, net			0.8			—			—			—			0.8
Insurance loss			1.0			—			—			—			1.0
Other project (income) expense			—			(0.1)			—			0.1			—
Project income (loss)			5.4			23.0			1.4			(1.9)			27.9
Administration			—			—			—			5.5			5.5
Interest expense, net			—			—			—			10.9			10.9
Foreign exchange gain			—			—			—			(2.8)			(2.8)
Other income, net			—			—			—			(0.2)			(0.2)
Net income (loss) before income taxes			5.4			23.0			1.4			(15.3)			14.5
Income tax expense			—			—			—			0.2			0.2
Net income (loss)		$	5.4		$	23.0		$	1.4		$	(15.5)		$	14.3



		Solid Fuel			Natural Gas			Hydroelectric			Corporate			Consolidated
Nine Months Ended September 30, 2020
Project revenues		$	67.4		$	86.7		$	45.5		$	0.7		$	200.3
Segment assets			229.7			208.4			353.0			49.3			840.4
Project Adjusted EBITDA		$	23.3		$	79.1		$	35.7		$	(1.0)		$	137.1
Change in fair value of derivative instruments			—			(9.3)			—			3.7			(5.6)
Depreciation and amortization			16.8			26.6			14.7			0.2			58.3
Interest, net			2.0			—			—			0.1			2.1
Project income (loss)			4.5			61.8			21.0			(5.0)			82.3
Administration			—			—			—			16.8			16.8
Interest expense, net			—			—			—			31.7			31.7
Foreign exchange gain			—			—			—			(6.2)			(6.2)
Other income, net			—			—			—			(2.7)			(2.7)
Net income (loss) before income taxes			4.5			61.8			21.0			(44.6)			42.7
Income tax expense			—			—			—			5.2			5.2
Net income (loss)		$	4.5		$	61.8		$	21.0		$	(49.8)		$	37.5



		Solid Fuel			Natural Gas			Hydroelectric			Corporate			Consolidated
Nine Months Ended September 30, 2019
Project revenues		$	64.5		$	99.6		$	50.6		$	0.7		$	215.4
Segment assets			295.6			251.3			371.6			78.7			997.2
Project Adjusted EBITDA		$	31.5		$	80.6		$	41.2		$	(0.1)		$	153.2
Change in fair value of derivative instruments			—			0.1			—			8.2			8.3
Depreciation and amortization			17.9			28.0			14.6			0.1			60.6
Interest, net			2.3			(0.3)			—			—			2.0
Insurance loss			1.0			—			—			—			1.0
Other project expense			—			1.2			—			—			1.2
Project income (loss)			10.3			51.6			26.6			(8.4)			80.1
Administration			—			—			—			17.3			17.3
Interest expense, net			—			—			—			33.0			33.0
Foreign exchange loss			—			—			—			7.1			7.1
Other expense, net			—			—			—			0.7			0.7
Net income (loss) before income taxes			10.3			51.6			26.6			(66.5)			22.0
Income tax expense			—			—			—			2.4			2.4
Net income (loss)		$	10.3		$	51.6		$	26.6		$	(68.9)		$	19.6

Schedule of revenue and property, plant and equipment by country

The tables below provide information, by country, about our consolidated operations for the three and nine months ended September 30, 2020 and 2019 and for Property, Plant and Equipment, PPAs and other intangible assets and total assets as of September 30, 2020 and December 31, 2019, respectively. Revenue is recorded in the country in which it is earned and assets are recorded in the country in which they are located.


		Project revenue
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2020			2019			2020			2019
United States		$	46.5		$	54.9		$	140.1		$	159.5
Canada			18.7			16.2			60.2			55.9
Total		$	65.2		$	71.1		$	200.3		$	215.4


		Property, Plant and						PPAs and
		Equipment, net of						other intangible assets, net of
		accumulated depreciation						accumulated amortization						Total assets
		September 30, 2020			December 31, 2019			September 30, 2020			December 31, 2019			September 30, 2020			December 31, 2019
United States		$	357.7		$	353.9		$	124.8		$	142.8		$	666.5		$	762.3
Canada			137.1			148.2			1.0			1.5			173.9			173.3
Total		$	494.8		$	502.1		$	125.8		$	144.3		$	840.4		$	935.6