Balance Sheet Northland Power Inc.

Equities

NPI

CA6665111002

Independent Power Producers

Market Closed - Toronto S.E. Other stock markets 01:46:30 18/09/2024 am IST			5-day change	1st Jan Change
22.95 ^CAD	+1.06%		+10.39%	-4.65%

21/08	Northland Power Confirms Carbon Dioxide Leak at Hai Long Offshore Wind Project in Taiwan	MT
15/08	Transcript : Northland Power Inc., Q2 2024 Earnings Call, Aug 15, 2024

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Published financial data: NORTHLAND POWER INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues - (Utility Template)	165.9Cr	206.06Cr	209.33Cr	244.88Cr	223.28Cr
Total Revenues	165.9Cr	206.06Cr	209.33Cr	244.88Cr	223.28Cr
Operations And Maintenance	21Cr	30Cr	33Cr	35Cr	41Cr
Selling General & Admin Expenses, Total	8.96Cr	14Cr	14Cr	16Cr	23Cr
Depreciation & Amortization - (IS) - (Collected)	44Cr	53Cr	61Cr	57Cr	60Cr
Amortization of Goodwill and Intangible Assets - (IS)	2.48Cr	4.34Cr	2.33Cr	5.36Cr	5.7Cr
Other Operating Expenses	12Cr	20Cr	21Cr	27Cr	21Cr
Total Operating Expenses	88Cr	121.16Cr	131.51Cr	140.84Cr	150.2Cr
Operating Income (REIT / Utility Template)	78Cr	85Cr	78Cr	104.04Cr	73Cr
Interest Expense, Total	-27Cr	-32Cr	-32Cr	-33Cr	-38Cr
Interest and Investment Income	1.84Cr	2.06Cr	1.85Cr	2.48Cr	7.24Cr
Net Interest Expenses	-25Cr	-30Cr	-30Cr	-31Cr	-30Cr
Income (Loss) on Equity Invest.	-	-	-27.84L	-	-28Cr
Currency Exchange Gains (Loss)	-51.77L	7.13Cr	-8.13Cr	4.18Cr	3.97Cr
Other Non Operating Income (Expenses)	11Cr	-3.32Cr	6.6Cr	49Cr	-8.02Cr
EBT, Excl. Unusual Items	63Cr	59Cr	46Cr	126.1Cr	11Cr
Total Merger & Related Restructuring Charges	-12.54L	-74.74L	-76.66L	-9L	-5L
Impairment of Goodwill	-	-	-3Cr	-	-16Cr
Gain (Loss) on Sale of Investments	-	-	-	-	-
Gain (Loss) on Sale of Assets	-7L	-	-	-	-
Asset Writedown	-9.78Cr	-	-	-	-
Insurance Settlements	-	2.1Cr	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	53Cr	60Cr	42Cr	126.01Cr	-5.7Cr
Income Tax Expense	7.87Cr	12Cr	15Cr	30Cr	3.91Cr
Earnings From Continuing Operations	45Cr	49Cr	27Cr	96Cr	-9.61Cr
Net Income to Company	45Cr	49Cr	27Cr	96Cr	-9.61Cr
Minority Interest	-13Cr	-12Cr	-8.03Cr	-13Cr	-7.91Cr
Net Income - (IS)	32Cr	36Cr	19Cr	83Cr	-18Cr
Preferred Dividend and Other Adjustments	1.17Cr	1.14Cr	1.08Cr	1.12Cr	61.03L
Net Income to Common Incl Extra Items	31Cr	35Cr	18Cr	82Cr	-18Cr
Net Income to Common Excl. Extra Items	31Cr	35Cr	18Cr	82Cr	-18Cr
Per Share Items
Net EPS - Basic	1.71	1.76	0.82	3.46	-0.72
Basic EPS - Continuing Operations	1.71	1.76	0.82	3.46	-0.72
Basic Weighted Average Shares Outstanding	18Cr	20Cr	22Cr	24Cr	25Cr
Net EPS - Diluted	1.68	1.75	0.82	3.46	-0.72
Diluted EPS - Continuing Operations	1.68	1.75	0.82	3.46	-0.72
Diluted Weighted Average Shares Outstanding	19Cr	20Cr	22Cr	24Cr	25Cr
Normalized Basic EPS	1.46	1.22	0.95	2.8	-0.05
Normalized Diluted EPS	1.4	1.21	0.95	2.8	-0.05
Dividend Per Share	1.2	1.2	1.2	1.2	1.2
Payout Ratio	67.46	61.02	91.14	25.14	-120.54
Distributable Cash per Share	1.77	2.09	1.77	1.95	1.97
Distributable Cash Shares (Basic)	18Cr	20Cr	22Cr	24Cr	25Cr
Distributable Cash per Share (Diluted)	1.73	2.07	1.77	-	-
Distributable Cash Shares (Diluted)	19Cr	20Cr	22Cr	-	-
Distributable Cash Payout Ratio (Income Trusts)	67.95	59	68.38	61.75	60.94
Supplemental Items
Utility Revenues	164.61Cr	203.2Cr	206.55Cr	244.04Cr	221.7Cr
Non Utility Revenues	1.29Cr	2.86Cr	2.78Cr	84.47L	1.58Cr
EBITDA	123.64Cr	141.64Cr	140.67Cr	165.33Cr	137.35Cr
EBITA	80Cr	90Cr	81Cr	109.78Cr	79Cr
EBIT	78Cr	85Cr	78Cr	104.04Cr	73Cr
EBITDAR	-	142.14Cr	141.17Cr	165.93Cr	138.05Cr
Total Revenues (As Reported)	-	206.06Cr	209.33Cr	244.88Cr	223.28Cr
Effective Tax Rate - (Ratio)	14.84	19.17	36.23	24.18	-68.64
Total Current Taxes	4.92Cr	9.03Cr	8.44Cr	20Cr	14Cr
Total Deferred Taxes	2.95Cr	2.47Cr	6.89Cr	10Cr	-10Cr
Normalized Net Income	26Cr	24Cr	21Cr	66Cr	-1.24Cr
Distributable Cash	32Cr	42Cr	39Cr	46Cr	50Cr
Interest Capitalized	2.2Cr	19L	26L	50L	1.35Cr
Interest on Long-Term Debt	3.79Cr	4.06Cr	3.29Cr	3.27Cr	5.06Cr
Supplemental Operating Expense Items
Marketing Expenses	-	-	2.18Cr	2.69Cr	3.57Cr
Selling and Marketing Expenses	-	-	2.18Cr	2.69Cr	3.57Cr
General and Administrative Expenses	8.96Cr	14Cr	6Cr	8.31Cr	11Cr
Research And Development Expense From Footnotes	-	-	-	-	-
Net Rental Expense, Total	-	50L	50L	60L	70L
Imputed Operating Lease Interest Expense	-	16.12L	15.57L	21.24L	29.93L
Imputed Operating Lease Depreciation	-	33.88L	34.43L	38.76L	40.07L
Stock-Based Comp., Other (Total)	4L	58.54L	41.36L	49.73L	39.33L
Total Stock-Based Compensation	4L	58.54L	41.36L	49.73L	39.33L

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	27Cr	43Cr	67Cr	129.98Cr	64Cr
Short Term Investments - (Utility / Insurance Templates)	-	-	-	15Cr	-
Trading Asset Securities, Total	75T	-	1L	11Cr	12Cr
Accounts Receivable, Total	28Cr	35Cr	37Cr	38Cr	30Cr
Other Receivables	1.9Cr	2.3Cr	1.8Cr	2.2Cr	9.2Cr
Accounts Receivable (Summary Subtotal)	30Cr	38Cr	39Cr	40Cr	40Cr
Inventory - (Utility Template)	2.15Cr	2.41Cr	3.66Cr	4.38Cr	-
Prepaid Expenses	1.88Cr	3.77Cr	3.64Cr	4.67Cr	-
Restricted Cash	62Cr	19Cr	16Cr	16Cr	17Cr
Other Current Assets, Total	4.76Cr	1.06Cr	12Cr	14Cr	12Cr
Total Current Assets	127.88Cr	107.67Cr	141.47Cr	234.9Cr	144.67Cr
Gross Property Plant And Equipment	1.04TCr	1.16TCr	1.3TCr	1.29TCr	1.33TCr
Accumulated Depreciation	-228.11Cr	-287.14Cr	-336.57Cr	-348.65Cr	-409.15Cr
Net Property Plant And Equipment	807.25Cr	868Cr	958.65Cr	937.76Cr	917.99Cr
Goodwill	20Cr	71Cr	75Cr	71Cr	64Cr
Other Intangibles, Total	52Cr	53Cr	50Cr	52Cr	45Cr
Long-Term Investments - (Utility Template)	2L	28.45L	16Cr	80Cr	105.59Cr
Accounts Receivable Long-Term	14Cr	14Cr	13Cr	13Cr	14Cr
Loans Receivable Long-Term - (Utility Template)	-	-	-	-	41Cr
Deferred Tax Assets Long-Term (Collected)	5.08Cr	6.76Cr	6.09Cr	2.72Cr	4.47Cr
Deferred Charges Long-Term	-	-	-	-	50L
Other Long-Term Assets, Total	21Cr	19Cr	27Cr	31Cr	26Cr
Total Assets	1.05TCr	1.14TCr	1.29TCr	1.42TCr	1.36TCr
Liabilities
Accounts Payable, Total	19Cr	24Cr	49Cr	99Cr	16Cr
Accrued Expenses, Total	-	-	-	-	2.6Cr
Short-Term Borrowings	-	-	-	-	1.5Cr
Current Portion of Long-Term Debt	83Cr	75Cr	77Cr	79Cr	75Cr
Current Portion of Leases	77.56L	97.3L	1.29Cr	1.67Cr	1.61Cr
Current Income Taxes Payable	-	-	-	-	8.84Cr
Unearned Revenue, Current	-	-	-	-	2.58Cr
Other Current Liabilities - (Bank / Utility Template)	37Cr	5.8Cr	13Cr	11Cr	20Cr
Total Current Liabilities	139.8Cr	105.99Cr	140.45Cr	190.89Cr	127.6Cr
Long-Term Debt	688.85Cr	743.21Cr	728.44Cr	618.44Cr	648.77Cr
Long-Term Leases	5.93Cr	5.77Cr	14Cr	14Cr	17Cr
Unearned Revenue Non Current	-	-	9.9Cr	-	-
Pension & Other Post Retirement Benefits	-	-	3.07Cr	2.26Cr	3.47Cr
Deferred Tax Liability Non-Current	24Cr	37Cr	53Cr	70Cr	59Cr
Other Non Current Liabilities, Total	38Cr	48Cr	42Cr	55Cr	58Cr
Total Liabilities	896.79Cr	939.67Cr	991.16Cr	949.83Cr	914.36Cr
Preferred Stock Redeemable	26Cr	26Cr	26Cr	14Cr	14Cr
Total Preferred Equity	26Cr	26Cr	26Cr	14Cr	14Cr
Common Stock, Total	244.32Cr	295.58Cr	400.55Cr	494.6Cr	508.54Cr
Additional Paid In Capital	4L	32.25L	35.86L	55.36L	59.76L
Retained Earnings	-146.62Cr	-136.17Cr	-123.31Cr	-70Cr	-115.87Cr
Comprehensive Income and Other	-17Cr	-28Cr	-28Cr	-40.4L	11Cr
Total Common Equity	80Cr	131.41Cr	249.6Cr	424.63Cr	404.03Cr
Minority Interest	45Cr	43Cr	21Cr	33Cr	30Cr
Total Equity	151.08Cr	200.28Cr	296.57Cr	472.43Cr	448.27Cr
Total Liabilities And Equity	1.05TCr	1.14TCr	1.29TCr	1.42TCr	1.36TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	19Cr	20Cr	23Cr	25Cr	26Cr
ECS Total Common Shares Outstanding	18Cr	20Cr	23Cr	25Cr	25Cr
Book Value / Share	4.45	6.5	11	16.98	15.85
Tangible Book Value	7.67Cr	7.23Cr	124.5Cr	301.79Cr	295.41Cr
Tangible Book Value Per Share	0.43	0.36	5.49	12.07	11.59
Total Debt	778.69Cr	824.87Cr	820.82Cr	713.42Cr	743.62Cr
Net Debt	751.86Cr	781.37Cr	753.44Cr	557.54Cr	667.23Cr
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	4.51Cr	3.07Cr	2.26Cr	3.47Cr
Debt Equivalent Oper. Leases	-	4Cr	4Cr	4.8Cr	5.6Cr
Minority Interest, Total (Incl. Fin. Div)	45Cr	43Cr	21Cr	33Cr	30Cr
Equity Method Investments, Total	-	-	13Cr	44Cr	90Cr
Account Code - Inventory Valuation	6	3	3	3	3
Inventories - Finished Goods, Total	5L	4L	7L	7L	-
Inventories - Others	2.1Cr	2.38Cr	3.59Cr	4.31Cr	-
Land - (BS)	199.97Cr	209.74Cr	199.02Cr	187.45Cr	205.4Cr
Buildings, Total	-	-	-	-	-
Machinery, Total	823.69Cr	915.74Cr	1.02TCr	995.78Cr	1.08TCr
Full Time Employees	-	1.15T	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	32Cr	36Cr	19Cr	83Cr	-18Cr
Depreciation, Depletion & Amortization	44Cr	53Cr	61Cr	57Cr	60Cr
Amortization of Goodwill and Intangible Assets - (CF)	2.93Cr	4.73Cr	2.76Cr	5.74Cr	6.41Cr
Total Depreciation, Depletion & Amortization	47Cr	58Cr	64Cr	63Cr	66Cr
Amortization of Deferred Charges, Total	3.62Cr	3.68Cr	2.82Cr	2.43Cr	3.3Cr
(Gain) Loss On Sale of Asset - (CF)	7L	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-20Cr
Total Asset Writedown	9.78Cr	-	3Cr	-	16Cr
(Income) Loss On Equity Investments - (CF)	-	-	-	-	28Cr
Change in Other Net Operating Assets (Collected)	1.71Cr	-3.23Cr	29Cr	29Cr	-47Cr
Other Operating Activities	28Cr	38Cr	43Cr	6.25Cr	50Cr
Cash from Operations	122.44Cr	132.16Cr	160.93Cr	183.3Cr	79Cr
Capital Expenditure	-77Cr	-23Cr	-47Cr	-45Cr	-44Cr
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-	-74Cr	-50Cr	-3.78Cr	-
Purchase / Sale of Intangible Assets	-	-	-	-3.28Cr	-10.5L
Investment in Marketable and Equity Securities, Total	-25.07L	-	-	-20Cr	-101.46Cr
Deferred Charges	-	-	-	-	-
Other Investing Activities, Total	1.06Cr	12Cr	-5.93Cr	9.69Cr	29Cr
Cash from Investing	-76Cr	-84Cr	-103.09Cr	-63Cr	-117.01Cr
Long-Term Debt Issued, Total	119.49Cr	212.23Cr	89Cr	278.95Cr	221.5Cr
Total Debt Issued	119.49Cr	212.23Cr	89Cr	278.95Cr	221.5Cr
Long-Term Debt Repaid, Total	-112.5Cr	-217.35Cr	-157.18Cr	-349.63Cr	-187.53Cr
Total Debt Repaid	-112.5Cr	-217.35Cr	-157.18Cr	-349.63Cr	-187.53Cr
Issuance of Common Stock	-	34Cr	95Cr	85Cr	4.09Cr
Repurchase of Preferred Stock	-	-	-	-12Cr	-
Common Dividends Paid	-22Cr	-22Cr	-17Cr	-20Cr	-21Cr
Preferred Dividends Paid	-	-	-	-1.12Cr	-61.03L
Common & Preferred Stock Dividends Paid	-22Cr	-22Cr	-17Cr	-21Cr	-21Cr
Other Financing Activities, Total	-32Cr	-46Cr	-32Cr	-42Cr	-43Cr
Cash from Financing	-47Cr	-39Cr	-23Cr	-60Cr	-26Cr
Foreign Exchange Rate Adjustments	-55.25L	7.4Cr	-11Cr	2.77Cr	-1.05Cr
Net Change in Cash	-1.02Cr	17Cr	24Cr	63Cr	-66Cr
Supplemental Items
Cash Interest Paid	29Cr	31Cr	28Cr	34Cr	33Cr
Net Debt Issued / Repaid	6.99Cr	-5.12Cr	-68Cr	-71Cr	34Cr
Levered Free Cash Flow	14Cr	83Cr	71Cr	104.4Cr	-7.5Cr
Unlevered Free Cash Flow	27Cr	100Cr	88Cr	122.77Cr	13Cr
Change In Net Working Capital	-8.58Cr	-11Cr	-22Cr	-43Cr	55Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.66	4.85	4.01	4.8	3.28
Return on Total Capital	5.16	5.43	4.54	5.66	3.84
Return On Equity %	29.61	27.61	10.86	24.85	-2.09
Return on Common Equity	38.3	33.03	8.88	24.22	-4.38
Margin Analysis
Gross Profit Margin %	80.08	75.58	74.14	74.58	72.21
SG&A Margin	5.4	6.57	6.58	6.59	10.25
EBITDA Margin %