This report should not be construed as providing investment advice. It is for educational purposes only.  Before making any investment decision, you should always do your own research or consult a investment professional.
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. 3/31/11 <-Q1 2011
See my website on stocks or see my blog at the following sites.  www.spbrunner.com/stocks.html www.spbrunner.blogspot.com/
Atlantic Power Corp www.atlanticpowercorporation.com TSX: ATP OTC: ATLIF Fiscal Yr: Dec 31 YR 2011 YR 2012
Year 12/31/99 12/31/00 12/31/01 12/31/02 12/31/03 12/31/04 12/31/05 12/31/06 12/31/07 12/31/08 12/31/09 12/31/10 12/31/11 12/30/12 #Y
Accting Rules C GAAP US GAAP US GAAP
USD - CDN$ 1.4733 1.5224 1.5926 1.5796 1.2924 1.2048 1.1630 1.1652 0.9881 1.2240 1.0501 0.997 0.94679 0.94679 USD - CDN$
Revenue US$ $18.5 $184.7 $242.9 $306.2 $334.2 $228.3 $195.3 $209.5 $495.6 5.72% <-Total Growth 5 Revenue US$
Increase 898.92% 31.49% 26.08% 9.15% -31.70% -14.47% 7.31% 136.55% #NUM! <-IRR #YR-> 10 Revenue US$
*Revenue in M US$ 1.12% <-IRR #YR-> 5 Revenue US$
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $195.26
-$184.70 $0.00 $0.00 $0.00 $0.00 $195.26
Revenue CDN$ $22.3 $214.8 $283.0 $302.5 $409.1 $239.7 $194.7 $198.4 $469.3 -9.37% <-Total Growth 5 Revenue CDN$
Increase 864.26% 31.74% 6.92% 35.21% -41.40% -18.79% 1.90% 136.55% #NUM! <-IRR #YR-> 10 Revenue CDN$
Rev per Share $0.61 $4.84 $4.60 $4.92 $6.71 $3.97 $2.90 $2.89 $6.85 -1.95% <-IRR #YR-> 5 Revenue CDN$
P/S (Price/Sales) 17.76 2.15 2.45 2.18 1.17 2.89 5.06 5.28 2.23 #NUM! <-IRR #YR-> 10 Rev Per share CDN$
Averages P/S 10 yr  2.45 5 yr  2.45 -9.75% <-IRR #YR-> 5 Rev Per share CDN$
*Revenue in M CDN $ 
$0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $194.7
-$214.8 $0.0 $0.0 $0.0 $0.0 $194.7
$0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $2.9
-$4.8 $0.0 $0.0 $0.0 $0.0 $2.9
Distributable Inc US$ $0.14 $1.23 $1.24 $1.31 $1.48 $1.12 $1.09 $0.91 $1.05 -11.12% <-Total Growth 5 Distri. Inc US$
Increase 779% 1% 5% 13% -24% -2% -17% 15% #NUM! <-IRR #YR-> 10 Distri. Inc US$
Payout Ratio 82.2% 83.6% 81.3% 71.9% 97.7% 100.1% 120.3% 104.2% -2.33% <-IRR #YR-> 5 Distri. Inc
Distributable Income per share CDN$
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.09
-$1.23 $0.00 $0.00 $0.00 $0.00 $1.09
Distributable Inc CDN$ $0.17 $1.46 $1.45 $1.29 $1.81 $1.28 $1.09 $0.86 $0.99 -25.34% <-Total Growth 5 Distri. Inc CDN$
Increase 759% -1% -11% 40% -29% -15% -21% 15% #NUM! <-IRR #YR-> 10 Distri. Inc CDN$
Payout Ratio 70.3% 69.2% 71.8% 82.2% 58.8% 85.5% 100.4% 127.0% 110.1% -5.68% <-IRR #YR-> 5 Distri. Inc CDN$
Distributable Income per share US$
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.09
-$1.46 $0.00 $0.00 $0.00 $0.00 $1.09
EPS US$ -$0.57 -$0.01 -$0.05 -$2.43 $1.67 -$0.30 -$0.06 $0.50 $0.58 500.00% <-Total Growth 5 Earnings US$
Increase -98.25% 400.00% 4760% -169% -118% -80% -933% 16% #NUM! <-IRR #YR-> 10 Earnings US$
* ESP per share  43.10% <-IRR #YR-> 5 Earnings
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -$0.06
$0.01 $0.00 $0.00 $0.00 $0.00 -$0.06
EPS* CDN$ -$0.69 -$0.01 -$0.06 -$2.40 $2.04 -$0.32 -$0.06 $0.47 $0.55 414.36% <-Total Growth 5 Earnings CDN$
Increase #DIV/0! -98.31% 400.95% 4021% -185% -115% -81% -891% 16% #NUM! <-IRR #YR-> 10 Earnings CDN$
* ESP per share  38.76% <-IRR #YR-> 5 Earnings CDN$
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -$0.06
$0.01 $0.00 $0.00 $0.00 $0.00 -$0.06
Div* CDN$ $0.12 $1.01 $1.04 $1.06 $1.06 $1.09 $1.09 $1.09 $1.09 8.27% <-Total Growth 7 Dividends CDN$
Increase 745.86% 2.97% 1.92% 0.26% 2.90% 0.00% 0.00% 0.00% 2.41% <-Median-> 6 Dividends CDN$
Yield H/L 1.13% 9.56% 9.98% 9.68% 12.45% 11.05% 8.29% 9.68% <-Median-> 7 Dividends CDN$
Yield on Cl 1.11% 9.72% 9.22% 9.90% 13.55% 9.54% 7.45% 7.16% 7.16% 9.54% <-Median-> 7 Dividends CDN$
Payout Ratio -17.4% -8691.3% -1786% -44.2% 52.0% -347.4% -1829% 231% 199% -347.39% <-Median-> 7 Payout CDN$
Payout Ratio CF 69.1% 93.9% 90.9% 84.1% 55.7% 149.2% 90.1% 90.15% <-Median-> 7 Payout CDN$ Less Non-C
Average 5 Yrs Div Yd 7.16% 5 7.16% 10 Yield  10.29% 9.93% Payout -791% 94.01% #NUM! <-IRR #YR-> 10 Dividends CDN$
* Dividends per share  0.0% Years 0.0% Years Last Div Inc ---> $0.09 $0.09 0.0% 1.60% <-IRR #YR-> 5 Dividends CDN$
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.09
-$1.01 $0.00 $0.00 $0.00 $0.00 $1.09
H/LYield held 5 yrs 10.39% 10.35% 10.49% 9.99% Ave H/L Yield on your  Dividends CDN$
H/LYield held 10 yrs #DIV/0! #DIV/0! #DIV/0! Ave H/L original money Dividends CDN$
Graham No. #NUM! #NUM! #NUM! #NUM! $13.42 $9.42 $8.25 $7.99 $8.60 Cl Pr higher/lower by? Graham Price CDN$
Prem /Disc. High -18.92% 25.20% 81.88% 3.14% <-Median-> 2 Graham Price CDN$
Prem /Disc. Low -53.72% -15.12% 38.35% -34.42% <-Median-> 2 Graham Price CDN$
Prem /Disc. Cl -41.50% 21.70% 78.12% 91.32% 77.64% -9.90% <-Median-> 2 Graham Price CDN$
Price Cl $9.99 $10.75 $10.40 $11.29 $10.71 $7.85 $11.47 $14.69 $15.28 $15.28 36.65% <-Total Growth 6 Stock Price CDN$
Increase 7.61% -3.26% 8.56% -5.14% -26.70% 46.11% 28.07% 4.02% 0.00% #NUM! <-IRR #YR-> 10 Stock Price CDN$
P/E -15.65 -894.24 -193.79 -4.46 3.84 -36.41 -245.57 32.28 27.83 7.15% <-IRR #YR-> 5 Stock Price CDN$
Trailing P/E #DIV/0! -15.14 -970.77 -183.83 -3.27 5.61 -46.63 -255.43 32.28 #NUM! <-IRR #YR-> 10 Price & Div CDN$
Median 5 Yrs 9.08% #NUM! Div %  5, 10 yrs Price Inc 8.56% P/E: Y-T -36.41 -46.63 16.23% <-IRR #YR-> 5 Price & Div CDN$
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $14.69
-$10.40 $0.00 $0.00 $0.00 $0.00 $14.69
$0.00 $0.00 $0.00 $0.00 $0.12 $1.01 $1.04 $1.06 $1.06 $1.09 $15.78
-$10.40 $1.04 $1.06 $1.06 $1.09 $15.78
Price H/L Med. $10.54 $10.57 $10.43 $10.96 $8.55 $9.90 $13.21 24.93% <-Total Growth 5 Stock Price CDN$
Increase 0.33% -1.32% 5.03% -22.00% 15.86% 33.38% #NUM! <-IRR #YR-> 10 Stock Price CDN$
P/E -15.34 -908.86 -179.03 -4.56 4.18 -31.42 -220.75 4.55% <-IRR #YR-> 5 Stock Price CDN$
Trailing P/E -15.39 -896.82 -188.04 -3.56 4.84 -41.92 #NUM! <-IRR #YR-> 10 Price & Div CDN$
Median 5 Yrs 9.32% #NUM! Div %  5, 10 yrs Price Inc 5.03% P/E: Y-T -31.42 -41.92 13.88% <-IRR #YR-> 5 Price & Div CDN$
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $13.21
-$10.57 $0.00 $0.00 $0.00 $0.00 $13.21
$0.00 $0.00 $0.00 $0.00 $0.12 $1.01 $1.04 $1.06 $1.06 $1.09 $14.30
-$10.57 $1.04 $1.06 $1.06 $1.09 $14.30
Hi Mths Dec Sep Dec May Jan Nov Dec Stock Price CDN$
Price Hi $11.12 $11.54 $11.29 $12.14 $10.88 $11.80 $15.00 29.98% <-Total Growth 5 Stock Price CDN$
Increase 3.78% -2.17% 7.53% -10.38% 8.46% 27.12% #NUM! <-IRR #YR-> 10 Stock Price CDN$
P/E -16.19 -992.26 -193.79 -5.06 5.32 -37.46 -250.75 5.38% <-IRR #YR-> 5 Stock Price CDN$
Trailing P/E -16.80 -970.77 -208.38 -4.53 5.77 -47.61 Stock Price CDN$
Median 5 Yrs Price Inc 7.53% P/E: Y-T -37.46 -47.61 Stock Price CDN$
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $15.00
-$11.54 $0.00 $0.00 $0.00 $0.00 $15.00
Low Mths Nov  Aug Jun  Aug Nov Jan May
Price Low $9.95 $9.60 $9.57 $9.77 $6.21 $8.00 $11.41 18.85% <-Total Growth 5 Stock Price CDN$
Increase -3.52% -0.31% 2.09% -36.44% 28.82% 42.63% #NUM! <-IRR #YR-> 10 Stock Price CDN$
P/E -14.49 -825.45 -164.26 -4.07 3.04 -25.39 -190.74 3.51% <-IRR #YR-> 5 Stock Price CDN$
Trailing P/E -13.98 -822.87 -167.70 -2.59 3.91 -36.22
Median 5 Yrs Price Inc 2.09% P/E: Y-T -25.39 -36.22
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $11.41
Market Cap $396 $461 $694 $658 $478 $693 $986 $1,047 $1,047
Q1 2011
# of Sh in M 36.80 44.34 61.47 61.47 60.94 60.40 67.12 68.53 68.53 Common Stock Shares
Increase 20.49% 38.64% 0.00% -0.86% -0.88% 11.12% 2.10% 0.00% 11.42% <-Average 6 Shares
CF fr Op $M US$ 12.9 38.4 57.5 85.9 107.2 62.5 87.0 126.62% <-Total Growth 5 Cash Flow US$
OPS US$ $0.35 $0.87 $0.94 $1.40 $1.76 $1.03 $1.30
CF fr Op $M CDN$ 15.5 44.6 67.0 84.9 131.3 65.6 86.7 94.27% <-Total Growth 5 Cash Flow CDN$
OPS CDN$ $0.42 $1.01 $1.09 $1.38 $2.15 $1.09 $1.29 28.34% <-Total Growth 5 Cash Flow CDN$
Increase 138.36% 8.34% 26.64% 55.99% -49.56% 18.90% 33.11% <-Average 6 Cash Flow CDN$
Non-Cash CF US$ -$7.6 $2.7 $2.9 -$7.4 -$12.1 -$20.3 -$5.2 #NUM! <-IRR #YR-> 10 Cash Flow CDN$
Non-Cash CF CDN$ -$9.2 $3.1 $3.3 -$7.3 -$14.8 -$21.3 -$5.2 5.12% <-IRR #YR-> 5 Cash Flow CDN$
OPS non-cash $0.17 $1.08 $1.14 $1.26 $1.91 $0.73 $1.21 #NUM! <-IRR #YR-> 10 CF - non cash CDN$
P/OCF on Close 62.13 9.67 9.86 8.49 4.11 15.64 12.10 2.44% <-IRR #YR-> 5 CF - non cash CDN$
Median Values P/CF 10 Yrs 9.86 5 Yrs 9.86
*Operational Cash Flow per share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.29
-$1.01 $0.00 $0.00 $0.00 $0.00 $1.29
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.21
-$1.08 $0.00 $0.00 $0.00 $0.00 $1.21
OPM 69.75% 20.77% 23.69% 28.05% 32.09% 27.37% 44.53% should be zero, it is a check on calculations CDN$
Diff from Ave 148.6% -26.0% -15.6% 0.0% 14.4% -2.4% 58.7% 0.00 <-Median-> 7 OPM CDN$
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 28.05% 5 Yrs 28.05%
Q1 2011
Curr Assets US$ $116.34 $161.47 $271.16 $176.46 $149.47 $149.34 $118.73 $108.98 Liq ratio of 1.5 and up, best Assets US$
Curr Liab. $50.26 $93.36 $222.24 $86.67 $130.64 $77.47 $61.36 $66.50 1.93 <-Median-> 7 Liabilities US$
Liquidity 2.31 1.73 1.22 2.04 1.14 1.93 1.93 1.64 1.93 <-Median-> 5 Ratio US$
Assets US$ $740.20 $926.6 $1,176.3 $1,081.8 $1,151.6 $1,037.6 $1,013.0 $1,007.8 A/L ratio of 1.5 and up, best Assets US$
Liabilities $640.05 $812.4 $1,012.9 $968.1 $956.7 $557.9 $579.6 $571.0 1.16 <-Median-> 7 Liabilities US$
A/L Ratio 1.16 1.14 1.16 1.12 1.20 1.86 1.75 1.76 1.20 <-Median-> 5 Ratio US$
Curr Assets CDN$ $140.16 $187.78 $315.95 $174.36 $182.95 $156.82 $118.37 $103.18 Liq ratio of 1.5 and up, best Assets CDN$
Curr Liab. $60.55 $108.58 $258.96 $85.64 $159.90 $81.35 $61.18 $62.97 1.93 <-Median-> 7 Liabilities CDN$
Liquidity 2.31 1.73 1.22 2.04 1.14 1.93 1.93 1.64 1.93 <-Median-> 5 Ratio CDN$
CDN$
Assets CDN$ $891.80 $1,077.7 $1,370.6 $1,069.0 $1,409.5 $1,089.6 $1,010.0 $954.2 A/L ratio of 1.5 and up, best Assets CDN$
Liabilities $771.14 $944.9 $1,180.2 $956.6 $1,170.9 $585.8 $577.9 $540.6 1.16 <-Median-> 7 Liabilities CDN$
A/L Ratio 1.16 1.14 1.16 1.12 1.20 1.86 1.75 1.76 1.20 <-Median-> 5 Ratio CDN$
Total Equity US$ $433.38 $436.81 US$
Total Equity CDN$ $432.08 $413.56 CDN$
Non-Cont. Int US$ $3.51 $3.35 US$
Non-Cont. Int CDN$ $3.50 $3.17 CDN$
Book Value US$ $100.15 $114.18 $163.40 $113.78 $194.94 $479.68 $429.87 $433.45 276.48% <-Total Growth 5 Book Value US$
Book Value CDN$ $120.66 $132.79 $190.39 $112.42 $238.61 $503.72 $428.58 $410.39 222.74% <-Total Growth 5 Book Value CDN$
BV per share $3.28 $2.99 $3.10 $1.83 $3.92 $8.34 $6.39 $5.99 $5.99 113.21% <-Total Growth 5 Book Value CDN$
Change #DIV/0! -8.66% 3.42% -40.95% 114.08% 112.99% -23.43% -6.22% 0.7017 Current/Historical Book Value CDN$
P/BV (CL) 3.28 3.47 3.65 5.86 2.00 1.38 2.30 2.55 #NUM! <-IRR #YR-> 10 Book Value CDN$
Change #DIV/0! 5.91% 4.97% 60.66% -65.76% -31.40% 67.26% 10.91% 16.35% <-IRR #YR-> 5 Book Value CDN$
Leverage (A/BK) 6.13 6.98 6.18 9.62 4.83 2.06 2.36 2.46 6.13 <-Median-> 6 A/BV CDN$
Debt/Equity Ratio 5.30 6.12 5.32 8.61 4.01 1.11 1.35 1.39 5.30 <-Median-> 6 Debt/Eq Ratio CDN$
Book Value is Asset less Liabilities P/BV 10 yr Ave 3.28 5 yr Ave 2.30
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $6.39
-$2.99 $0.00 $0.00 $0.00 $0.00 $6.39
ROE US$ -1.5% -131.1% 55.1% -3.3% -0.6% 2.4% <-12 mths -1.47% <-Median-> 5 Compreh. Inc US$
Comprehensive Inc -$2.408 -$149.205 $107.484 -$15.927 -$2.638 $10.19 <-12 mths Compreh. Inc US$
ROE CDN$ -1.5% -131.1% 55.1% -3.3% -0.6% 2.4% <-12 mths -1.47% <-Median-> 5 Compreh. Inc CDN$
Comprehensive Inc -$2.806 -$147.429 $131.560 -$16.725 -$2.630 $9.650 <-12 mths Compreh. Inc CDN$
ROE -21.2% -29.6% -32.6% -131.1% 56.8% -3.8% -3.5% 7.8% Net Income/Shareholders' equity
5Yr Median -29.6% -29.6% -3.8% -3.5%
Net Income US$ -$21.23 -$33.84 -$53.24 -$149.21 $110.69 -$18.27 -$3.75 $8.45 <-12 mths -88.91% <-Total Growth 5 Net Income US$
Oper C. F. $12.90 $38.37 $57.52 $85.90 $107.24 $62.49 $86.95 $86.46 C F Statement  Oper C. F. US$
Invest. C. F -$82.54 -$6.58 -$69.38 -$31.22 -$135.60 $23.07 -$147.00 -$157.27 C F Statement  Invest. C. F US$
Total Accruals $48.41 -$65.63 -$41.38 -$203.89 $139.04 -$103.84 $56.29 $79.26 Accruals US$
Total Assets $740.2 $926.6 $1,176.3 $1,081.8 $1,151.6 $1,037.6 $1,013.0 $1,007.8 Balance Sheet Assets US$
Accruals Ratio 6.54% -7.08% -3.52% -18.85% 12.07% -10.01% 5.56% 7.86% Ratio US$
Fin. C. F US$ $104.82 -$23.10 $36.63 -$67.32 $22.44 -$73.63 $55.69 $54.72 C F Statement  Fin. C. F US$
Total Accruals -$56.40 -$42.53 -$78.01 -$136.57 $116.61 -$30.21 $0.60 $24.55 Accruals US$
Accruals Ratio -7.62% -4.59% -6.63% -12.62% 10.13% -2.91% 0.06% 2.44% Ratio US$
Net Income CDN$ -$25.58 -$39.36 -$62.04 -$147.43 $135.48 -$19.19 -$3.74 $8.00 -90.50% <-Total Growth 5 Net Income CDN$
Oper C. F. $15.54 $44.62 $67.02 $84.88 $131.27 $65.62 $86.69 $81.86 C F Statement  Oper C. F. CDN$
Invest. C. F -$99.45 -$7.66 -$80.85 -$30.84 -$165.97 $24.23 -$146.56 -$148.90 C F Statement  Invest. C. F CDN$
Total Accruals $58.33 -$76.32 -$48.21 -$201.46 $170.19 -$109.04 $56.12 $75.04 Accruals CDN$
Total Assets $891.8 $1,077.7 $1,370.6 $1,069.0 $1,409.5 $1,089.6 $1,010.0 $954.2 Balance Sheet Assets CDN$
Accruals Ratio 6.54% -7.08% -3.52% -18.85% 12.07% -10.01% 5.56% 7.86% Ratio CDN$
up/down/neutral CDN$
Chge in Close 7.61% -3.26% 8.56% -5.14% -26.70% 46.11% 28.07% 4.02% CDN$
Fin. C. F CDN$ $126.28 -$26.87 $42.68 -$66.52 $27.46 -$77.32 $55.52 $51.80 C F Statement  Fin. C. F CDN$
Total Accruals -$67.96 -$49.46 -$90.90 -$134.94 $142.73 -$31.72 $0.60 $23.24 Accruals CDN$
Accruals Ratio -7.62% -4.59% -6.63% -12.62% 10.13% -2.91% 0.06% 2.44% Ratio CDN$
July 15, 2011.  When I last looked, I got estimates for2010 and 2011 of $.44 and $.76 for earnings.
There seems to be a big disconnect between 2009 and 2010 statements.  They have restated 2009 and 2008 figures in the financial statements in the annual 2010 report, but I cannot find where they state this.
This is not something I like to see.  I have kept my old figures.
This stock was incorporated 18 June 2004 and stock was issued 18 Nov 2008.  Financial information is just available from Nov 18, 2008
How they make their money.
Atlantic Power Corporation is an independent power producer that owns interests in a diversified fleet of power generation and transmission projects located in the United States.
This company has a collection of gas-fired plants in the US and is generally in the lower cost quadrant of generation in its region.
ATP owns interests in a diversified portfolio of independent, non-utility power generation projects and one transmission line situated in major U.S. markets.
The company issued income participating securities (‘‘IPSs’’) for cash pursuant to an initial public offering on the Toronto Stock Exchange, or the TSX, on November 18, 2004. Each IPS was comprised
of one common share and Cdn$5.767 principal value of 11% subordinated notes due 2016. On November 27, 2009 our shareholders approved a conversion from the IPS structure to a traditional
common share structure. Each IPS has been exchanged for one new common share and each old common share that did not form a part of an IPS was exchanged for approximately 0.44 of a new
common share. Our shares trade on the TSX under the symbol ‘‘ATP’’ and began trading on the New York Stock Exchange, or the NYSE, under the symbol ‘‘AT’’ on July 23, 2010.
For most ratios, lower is better when looking for a good stock price.  However, there are exceptions such as for yield and asset/liability ratios and here you want a higher ratios to indicate a good stock price.  
Also, for the Operational Profit Margin, a higher percentage is better.  With the OPM, you should only compare companies in similar industries.
Copyright © 2008 Website of SPBrunner. All rights reserved.
FFO Mar 2011
CF from Operations $5.982
Dep and Amort. $10.879
Lg Term Incentive $0.825
Eq Earnings -$1.311
Dis. Affiliates $1.450
unreal. For exch $1.878
cg in value deriv. -$3.561
Chge Def. Inc Tax. $2.011
Dividends -$18.115
$0.038