Friday, March 01, 2019 8:20:39 AM
Net income attributable to Atlantic Power of $36.8 million vs. net loss of $(98.6) million in 2017
Cash from operating activities of $137.5 million decreased from $169.2 million in 2017, but was modestly above Company's expectation
Project Adjusted EBITDA of $185.1 million in 2018 decreased from $288.8 million in 2017, but was at the high end of Company's guidance range of $170 million to $185 million
Repaid $100.3 million of term loan and project debt; achieved leverage ratio of 4.5 times at December 31, 2018
Executed two re-pricings of credit facilities, resulting in additional interest cost savings
Repurchased and canceled approximately 7.8 million common shares and approximately 645 thousand preferred shares, at a total cost of approximately $24.6 million
Liquidity at December 31, 2018 of $191.4 million, including approximately $39 million of discretionary cash
Returned Tunis to commercial operation under 15-year contract
Announced two acquisitions that will add to capacity, average contract life and Project Adjusted EBITDA
Fourth Quarter 2018 Financial Results
Net income attributable to Atlantic Power of $24.7 million vs. net loss of $(41.1) million in Q4 2017
Cash from operating activities of $39.7 million vs. $30.5 million in Q4 2017
Project Adjusted EBITDA of $46.6 million vs. $62.1 million in Q4 2017
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