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| S-1 - S-1 - ATLANTIC POWER CORP | a2209404zs-1.htm |
| EX-23.2 - EX-23.2 - ATLANTIC POWER CORP | a2209404zex-23_2.htm |
| EX-23.3 - EX-23.3 - ATLANTIC POWER CORP | a2209404zex-23_3.htm |
| EX-23.5 - EX-23.5 - ATLANTIC POWER CORP | a2209404zex-23_5.htm |
| EX-23.4 - EX-23.4 - ATLANTIC POWER CORP | a2209404zex-23_4.htm |
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Computation of Ratio of Earnings to Fixed Charges
Atlantic Power Corporation
The following table sets forth ratio of earnings to fixed charges for the periods indicated below.
| |
Year Ended December 31, 2011 |
Year Ended December 31, 2010 |
Year Ended December 31, 2009 |
Year Ended December 31, 2008 |
Year Ended December 31, 2007 |
Three Months Ended March 31, 2012 |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Earnings (loss) before taxes |
$ | (43,965 | ) | $ | 15,069 | $ | (54,179 | ) | $ | 34,541 | $ | (13,491 | ) | $ | (55,505 | ) | |||
Loss attributable to noncontrolling interest |
(480 | ) | (103 | ) | — | — | — | (161 | ) | ||||||||||
Distributions from equity investments |
21,889 | 16,843 | 27,884 | 41,031 | 46,653 | 249 | |||||||||||||
Fixed charges (from below) |
46,051 | 29,361 | 74,498 | 60,984 | 57,523 | 29,069 | |||||||||||||
|
$ | 23,495 | $ | 61,170 | $ | 48,203 | $ | 136,556 | $ | 90,685 | $ | (26,348 | ) | ||||||
Interest Expense |
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Project level interest |
$ | 20,053 | $ | 17,660 | $ | 18,800 | $ | 17,709 | $ | 13,216 | $ | 7,033 | |||||||
Corporate level interest |
25,998 | 11,701 | 55,698 | 43,275 | 44,307 | 22,036 | |||||||||||||
|
$ | 46,051 | $ | 29,361 | $ | 74,498 | $ | 60,984 | $ | 57,523 | $ | 29,069 | |||||||
Ratio of earnings |
0.51 | 2.08 | 0.65 | 2.24 | 1.58 | (0.91 | ) | ||||||||||||
Our ratio of earnings to fixed charges is computed by dividing earnings by fixed charges. For these purposes, "earnings" is the amount resulting from adding together earnings (loss) before taxes, fixed charges, and distributions from equity investments and subtracting losses attributable to noncontrolling interests. "Fixed charges" is the amount resulting from adding together project level interest and corporate level interest expenses.
Computation of Ratio of Earnings to Fixed Charges Atlantic Power Corporation