September 30,

December 31,

2016

2015

Assets

Current assets:

Cash and cash equivalents

$

21.2

$

60.3

Restricted cash

6.4

10.4

Accounts receivable

75.4

130.6

Current portion of derivative instruments asset

1.6

—

Inventory

14.4

15.2

Prepayments and other current assets

16.5

12.8

Total current assets

135.5

229.3

Property, plant, and equipment, net

628.4

650.9

Equity investment in unconsolidated affiliates

277.6

286.2

Power purchase agreements and intangible assets, net

273.0

308.9

Goodwill

37.6

134.5

Derivative instruments asset

1.3

0.3

Other assets

5.3

8.0

Total assets

$

1,358.7

$

1,618.1

Liabilities

Current liabilities:

Accounts payable

$

3.2

$

6.0

Related party payables

28.5

101.1

Accrued interest

8.8

0.3

Other accrued liabilities

20.7

22.2

Current portion of long-term debt

99.2

13.4

Current portion of derivative instruments liability

13.4

35.1

Other current liabilities

4.1

2.5

Total current liabilities

177.9

180.6

Long-term debt, net of unamortized discount and deferred financing costs

726.0

629.5

Derivative instruments liability

17.4

12.9

Deferred income taxes

69.8

85.8

Power purchase and fuel supply agreement liabilities, net

26.2

27.0

Other long-term liabilities

51.7

280.2

Total liabilities

1,069.0

1,216.0

Commitments and contingencies

Equity

Partners’ capital

1,184.9

1,144.3

Accumulated other comprehensive loss

(140.1

)

(137.5

)

Retained deficit

(976.4

)

(826.0

)

Total APLP Holdings Limited Partnership equity

68.4

180.8

Preferred shares issued by a subsidiary company

221.3

221.3

Total equity

289.7

402.1

Total liabilities and equity

$

1,358.7

$

1,618.1

Three months ended 
September 30,

Nine months ended 
September 30,

2016

2015

2016

2015

Project revenue:

Energy sales

$

37.5

$

40.4

$

129.7

$

136.1

Energy capacity revenue

36.1

38.0

97.0

101.5

Other

16.5

18.1

54.2

59.4

90.1

96.5

280.9

297.0

Project expenses:

Fuel

33.5

37.9

101.1

115.9

Operations and maintenance

25.9

22.1

70.7

71.7

Depreciation and amortization

23.4

25.8

70.0

78.1

82.8

85.8

241.8

265.7

Project other income (expense):

Change in fair value of derivative instruments

8.2

5.4

22.4

11.2

Equity in earnings of unconsolidated affiliates

9.6

8.9

27.9

28.3

Interest expense, net

(0.6

)

(0.7

)

(2.0

)

(2.3

)

Other (expense) income

(84.2

)

(0.1

)

(84.4

)

2.2

(67.0

)

13.5

(36.1

)

39.4

Project (expense) income

(59.7

)

24.2

3.0

70.7

Administrative and other expenses (income):

Administration

1.3

1.7

2.1

3.7

Interest, net

16.2

20.1

83.2

61.1

Foreign exchange (gain) loss

(2.5

)

(9.6

)

7.1

(21.8

)

Other income, net

3.5

—

10.8

—

18.5

12.2

103.2

43.0

(Loss) income from continuing operations before income taxes

(78.2

)

12.0

(100.2

)

27.7

Income tax expense (benefit)

2.6

1.7

(13.2

)

(0.1

)

Net (loss) income from continuing operations

(80.8

)

10.3

(87.0

)

27.8

Net income from discontinued operations

—

—

—

19.3

Net (loss) income

(80.8

)

10.3

(87.0

)

47.1

Net loss attributable to noncontrolling interests

—

—

—

(11.0

)

Net income attributable to preferred shares of a subsidiary company

2.1

2.1

6.4

6.7

Net (loss) income attributable to APLP Holdings Limited Partnership

$

(82.9

)

$

8.2

$

(93.4

)

$

51.4

September

2016

2015

Cash flows from operating activities:

Net (loss) income

$

(87.0

)

$

47.1

Adjustments to reconcile to net cash provided by operating activities:

Depreciation and amortization

70.0

88.6

Gain on sale of discontinued operation

—

(47.9

)

Loss on sale of assets

0.2

—

Stock-based compensation expense

1.4

2.0

Long-lived asset and goodwill impairment charges

84.8

—

Distributions from unconsolidated affiliates

36.5

40.0

Equity in earnings from unconsolidated affiliate

(27.9

)

(28.1

)

Unrealized foreign exchange loss (gain)

7.3

(22.4

)

Change in fair value of derivative instruments

(22.4

)

(10.6

)

Change in deferred income taxes

(15.8

)

23.6

Change in other operating balances

Accounts receivable

11.1

(14.6

)

Inventory

0.9

1.8

Prepayments, supplies and other assets

35.0

6.1

Accounts payable

(26.9

)

(5.9

)

Accruals and other liabilities

8.5

2.6

Cash flows provided by operating activities

75.7

82.3

Cash flows provided by investing activities:

Proceeds from asset sales

—

326.3

Contribution to equity investment

—

(0.6

)

Change in restricted cash

4.0

10.4

Capitalized development costs

—

(1.0

)

Reimbursement of costs for third party construction project

4.7

—

Purchase of property, plant and equipment

(6.5

)

(9.4

)

Cash flows provided by investing activities

2.2

325.7

Cash flows used in financing activities:

Dividends paid to Parent

(247.2

)

(358.5

)

Dividends paid to noncontroling interests

—

(3.5

)

Dividends paid on preferred shares of a subsidiary company

(6.4

)

(6.7

)

Proceeds from senior secured term loan facility, net of discount

682.9

—

Repayment of corporate and project-level debt

(530.1

)

(64.5

)

Deferred financing costs

(16.2

)

—

Cash flows used in financing activities

(117.0

)

(433.2

)

Net decrease in cash and cash equivalents

(39.1

)

(25.2

)

Cash and cash equivalents at beginning of period at discountinued operations

—

3.9

Cash and cash equivalents at beginning of period

60.3

97.7

Cash and cash equivalents at end of period

$

21.2

$

76.4

Supplemental cash flow information

Interest paid

$

31.3

$

28.5

Taxes paid

$

2.8

$

4.5

Accruals for construction

$

0.4

1.2