v3.20.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Project revenue:        
Project revenue $ 65.2 $ 71.1 $ 200.3 $ 215.4
Project expenses:        
Fuel 17.5 19.4 51.3 55.2
Operations and maintenance 21.2 19.5 64.0 54.6
Depreciation and amortization 14.5 16.2 45.3 48.5
Total project expenses 53.2 55.1 160.6 158.3
Project other income (loss):        
Change in fair value of derivative instruments (Notes 6 and 7) 8.1 1.1 5.6 (8.3)
Equity in earnings of unconsolidated affiliates (Note 4) 12.1 12.1 31.8 34.4
Interest, net (0.4) (0.3) (1.0) (0.9)
Insurance gain (loss) (Note 13) 6.2 (1.0) 6.2 (1.0)
Other expense, net     0.0 (1.2)
Total project other income (loss) 26.0 11.9 42.6 23.0
Project income 38.0 27.9 82.3 80.1
Administrative and other expenses:        
Administration 5.6 5.5 16.8 17.3
Interest expense, net 10.8 10.9 31.7 33.0
Foreign exchange loss (gain) 5.1 (2.8) (6.2) 7.1
Other (income) expense, net (Note 6) (3.8) (0.2) (2.7) 0.7
Total administrative and other expenses 17.7 13.4 39.6 58.1
Income from operations before income taxes 20.3 14.5 42.7 22.0
Income tax expense (Note 8) 2.5 0.2 5.2 2.4
Net income 17.8 14.3 37.5 19.6
Net income (loss) attributable to preferred shares of a subsidiary company (Note 11) 1.6 1.7 (2.5) (3.1)
Net income attributable to Atlantic Power Corporation $ 16.2 $ 12.6 $ 40.0 $ 22.7
Net earnings per share attributable to Atlantic Power Corporation shareholders: (Note 10)        
Basic (in dollars per share) $ 0.18 $ 0.12 $ 0.41 $ 0.21
Diluted (in dollars per share) $ 0.15 $ 0.10 $ 0.34 $ 0.19
Weighted average number of common shares outstanding: (Note 10)        
Basic (in shares) 89.5 109.4 98.1 109.4
Diluted (in shares) 117.8 137.8 126.4 138.3
Energy sales        
Project revenue:        
Project revenue $ 30.3 $ 29.2 $ 102.1 $ 102.7
Energy capacity revenue        
Project revenue:        
Project revenue 29.7 38.0 84.8 99.8
Miscellaneous revenue        
Project revenue:        
Project revenue $ 5.2 $ 3.9 $ 13.4 $ 12.9