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. Estimates Estimates Estimates
See my website on stocks or see my blog at the following sites.  www.spbrunner.com/stocks.html www.spbrunner.blogspot.com/ Q1 2020
Atlantic Power Corp TSX: ATP NYSE: AT https://www.atlanticpower.com/ Fiscal Yr: Dec 31
Year 12/31/07 12/31/08 12/31/09 12/31/10 12/31/11 12/31/12 12/31/13 12/31/14 12/31/15 12/31/16 12/31/17 12/31/18 12/31/19 12/30/20 12/30/21 12/30/22 Value Description #Y Item Total G Currency
Accounting Rules C GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP Accounting Rules
USD - CDN$ 0.9881 1.2246 1.0466 0.9946 1.0170 0.9949 1.0636 1.1601 1.3847 1.3427 1.2545 1.3642 1.2988 1.3594 1.3594 1.3594 2.18% <-IRR #YR-> 10 USD - CDN$ Fixed 2014
-15.21% 23.93% -14.54% -4.97% 2.25% -2.17% 6.91% 9.07% 19.36% -3.04% -6.57% 8.74% -4.79% 4.67% 0.00% 0.00% 2.28% <-IRR #YR-> 5 USD - CDN$
$281 <-12 mths -0.07%
Revenue US$ $306.2 $334.2 $228.3 $195.3 $284.9 $440.4 $551.7 $569.2 $420.2 $399.2 $431.0 $282.3 $281.6 $280.0 $279.0 23.36% <-Total Growth 10 Revenue US$
Increase 26.08% 9.15% -31.70% -14.47% 45.91% 54.58% 25.28% 3.17% -26.18% -5.00% 7.97% -34.50% -0.25% -0.57% -0.36% 2.12% <-IRR #YR-> 10 Revenue 23.36% US$
5 year Running Average $217.3 $259.3 $261.4 $269.8 $296.6 $340.1 $408.3 $453.3 $476.1 $474.3 $420.4 $362.9 $334.8 $310.8 -13.13% <-IRR #YR-> 5 Revenue -50.53% US$
Revenue per Share $4.98 $5.48 $3.78 $2.91 $2.51 $3.69 $4.59 $4.69 $3.44 $3.48 $3.74 $2.61 $2.59 $2.57 $2.56 3.42% <-IRR #YR-> 10 5 yr Running Average 39.97% US$
Increase 26.08% 10.10% -31.09% -23.02% -13.74% 46.91% 24.49% 2.22% -26.68% 1.26% 7.39% -30.35% -0.76% -0.57% -0.36% -2.33% <-IRR #YR-> 5 5 yr Running Average -11.13% US$
5 year Running Average $3.82 $4.47 $4.22 $3.93 $3.67 $3.49 $3.68 $3.78 $3.98 $3.99 $3.59 $3.17 $3.00 $2.81 -3.72% <-IRR #YR-> 10 Revenue per Share -31.58% US$
xx -11.23% <-IRR #YR-> 5 Revenue per Share -44.88% US$
P/S (Price/Sales) Close 2.12 1.75 3.18 5.07 5.70 3.10 0.76 0.58 0.57 0.72 0.63 0.83 0.90 0.78 0.78 -3.38% <-IRR #YR-> 10 5 yr Running Average -29.09% US$
*Revenue in M US$ P/S Med 20 yr  1.94 15 yr  1.75 10 yr  0.80 5 yr  0.72 -1.73% Diff M/C -2.92% <-IRR #YR-> 5 5 yr Running Average -13.77% US$
$383 <-12 mths 4.59%
Revenue CDN$ $302.5 $409.3 $238.9 $194.2 $289.7 $438.1 $586.8 $660.3 $581.9 $536.0 $540.7 $385.1 $365.7 $380.6 $379.3 53.08% <-Total Growth 10 Revenue CDN$
Increase 6.91% 35.28% -41.63% -18.72% 49.19% 51.22% 33.93% 12.53% -11.88% -7.88% 0.87% -28.77% -5.03% 4.07% -0.36% 4.35% <-IRR #YR-> 10 Revenue 53.08% CDN$
5 year Running Average $246.5 $289.8 $285.6 $286.9 $314.1 $349.6 $433.8 $511.4 $560.6 $581.1 $540.8 $481.9 $441.6 $410.3 -11.14% <-IRR #YR-> 5 Revenue -44.61% CDN$
Revenue per Share $4.92 $6.72 $3.96 $2.89 $2.55 $3.67 $4.88 $5.44 $4.76 $4.68 $4.69 $3.55 $3.36 $3.50 $3.48 5.22% <-IRR #YR-> 10 5 yr Running Average 66.27% CDN$
Increase -11.27% -46.29% 148.10% 75.08% 12.06% -45.71% -75.40% -23.84% -0.61% 25.63% -11.84% 30.70% 7.98% -13.14% 0.36% 2.12% <-IRR #YR-> 5 5 yr Running Average 11.07% CDN$
5 year Running Average $4.34 $5.01 $4.62 $4.21 $3.96 $3.59 $3.89 $4.26 $4.69 $4.89 $4.63 $4.21 $3.96 $3.72 -1.62% <-IRR #YR-> 10 Revenue per Share -15.09% CDN$
P/S (Price/Sales) Med 2.23 1.27 2.50 4.56 5.59 3.52 1.66 0.60 0.66 0.64 0.70 0.75 1.00 0.83 0.00 -9.20% <-IRR #YR-> 5 Revenue per Share -38.29% CDN$
P/S (Price/Sales) Close 2.18 1.17 2.90 5.08 5.69 3.09 0.76 0.58 0.58 0.72 0.64 0.83 0.90 0.78 0.78 -1.73% <-IRR #YR-> 10 5 yr Running Average -15.99% CDN$
*Revenue in M CDN $  P/S Med 20 yr  1.92 15 yr  1.66 10 yr  0.80 5 yr  0.72 -1.92% Diff M/C 1.60% <-IRR #YR-> 5 5 yr Running Average 8.28% CDN$
-$238.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $365.7
-$660.3 $0.0 $0.0 $0.0 $0.0 $365.7
-$289.8 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $481.9
-$433.8 $0.0 $0.0 $0.0 $0.0 $481.9
-$3.96 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.36
-$5.44 $0.00 $0.00 $0.00 $0.00 $3.36
-$5.01 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.21
-$3.89 $0.00 $0.00 $0.00 $0.00 $4.21
Adjusted FFO US$ Amount $29.90 AFFO They call it
Adjusted FFO US$ per share $1.10 $1.13 $0.91 $0.25 $0.03 -$0.05 $0.56 $0.07 $0.42 $0.22 $0.23 -61.82% <-Total Growth 8 AFFO ACFFO US$
Increase 2.73% -19.47% -72.92% -87.83% -266.67% 1220.00% -87.50% 500.00% -47.62% 4.55% -11.34% <-IRR #YR-> 8 AFFO fr 2016 got US$
AFFO Yield 7.69% 9.89% 26.15% 9.09% 1.52% -2.00% 23.83% 3.23% 17.95% 10.95% 11.44% 11.25% <-IRR #YR-> 5 AFFO from TD US$
5 year Running Average $0.68 $0.45 $0.34 $0.17 $0.21 $0.24 $0.30 -25.90% <-IRR #YR-> 4 5 yr Running Average US$
Payout Ratio 98.2% 102.3% 60.7% 115.4% 288.9% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% -25.90% <-IRR #YR-> 4 5 yr Running Average US$
5 year Running Average 92.5% 91.7% 54.4% 43.3% 8.4% 0.0% 0.0% 54.43% <-Median-> 5 Payout 5 yr Running Average US$
P/AFFO Med #NUM! <-Median-> 0 P/AFFO Med US$
P/AFFO High #NUM! <-Median-> 0 P/AFFO High US$
P/AFFO Low #NUM! <-Median-> 0 P/AFFO Low US$
P/AFFO Close 13.00 10.12 3.82 11.00 65.67 -50.00 4.20 31.00 5.57 9.14 8.74 10.12 <-Median-> 9 P/AFFO Close US$
Trailing P/AFFO Close 10.39 3.08 2.98 7.99 83.33 -47.00 3.88 33.43 4.79 9.14 5.93 <-Median-> 8 Trailing P/AFFO Close US$
Median Values DPR 10 Yrs 60.70% 5 Yrs   0.00% P/CF 5 Yrs   in order #NUM! #NUM! #NUM! 5.57 63.99% Diff M/C #NUM! Diff M/C 10 DPR 75% to 95% best US$
Adjusted Funds From Operations per share US$ to Adjusted Free Cash Flow
-$1.10 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.42
-$0.25 $0.00 $0.00 $0.00 $0.00 $0.42
-$0.68 $0.00 $0.00 $0.00 $0.21
-$0.68 $0.00 $0.00 $0.00 $0.21
Adjusted FFO CDN$ $1.12 $1.12 $0.97 $0.29 $0.04 -$0.07 $0.70 $0.10 $0.55 $0.30 $0.31 -51.24% <-Total Growth 8 AFFO Fr 2016 got CDN$
Increase 0.49% -13.91% -70.46% -85.47% -261.61% 1146.43% -86.41% 471.24% -45.18% 4.55% -8.59% <-IRR #YR-> 8 AFFO from TD  CDN$
AFFO Yield 7.7% 9.9% 26.1% 9.1% 1.5% -2.0% 23.5% 3.2% 18.1% 11.0% 11.5% 13.79% <-IRR #YR-> 5 AFFO CDN$
5 year Running Average $0.71 $0.47 $0.39 $0.21 $0.26 $0.32 $0.39 -21.88% <-IRR #YR-> 4 5 yr Running Average CDN$
Payout Ratio 98.2% 102.3% 60.7% 115.4% 288.9% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% -21.88% <-IRR #YR-> 4 5 yr Running Average CDN$
5 year Running Average 92.9% 93.0% 53.7% 42.5% 9.1% 0.0% 0.0% 53.73% <-Median-> 5 Payout 5 yr Running Average CDN$
P/AFFO Med 12.76 11.48 8.35 11.49 75.47 -44.39 4.65 27.86 6.18 9.71 0.00 11.48 <-Median-> 9 P/AFFO Med CDN$
P/AFFO High 13.77 13.39 13.40 15.32 97.73 -54.37 5.15 31.63 6.98 11.20 0.00 13.40 <-Median-> 9 P/AFFO High CDN$
P/AFFO Low 11.75 9.58 3.31 7.66 53.20 -34.41 4.14 24.09 5.37 8.23 0.00 7.66 <-Median-> 9 P/AFFO Low CDN$
P/AFFO Close 12.98 10.08 3.83 11.02 65.96 -50.35 4.26 31.00 5.54 9.13 8.73 10.08 <-Median-> 9 P/AFFO Close CDN$
Trailing P/AFFO Close 10.13 3.30 3.25 9.58 81.36 -44.54 4.21 31.63 5.00 9.13 6.90 <-Median-> 8 Trailing P/AFFO Close CDN$
Median Values DPR 10 Yrs 60.70% 5 Yrs   0.00% P/CF 5 Yrs   in order 6.18 6.98 5.37 5.54 47.76% Diff M/C -20.51% Diff M/C 10 DPR 75% to 95% best
Adjusted Funds From Operations per share CDN$
-$1.12 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.55
-$0.29 $0.00 $0.00 $0.00 $0.00 $0.55
-$0.71 $0.00 $0.00 $0.00 $0.26
-$0.71 $0.00 $0.00 $0.00 $0.26
-$0.23 <-12 mths 41.03%
EPS Basic US$ -$2.43 $1.81 -$0.30 -$0.06 -$0.50 -$0.97 -$0.28 -$1.47 -$0.51 -$1.02 -$0.86 $0.33 -$0.39 -30.00% <-Total Growth 10 EPS Basic US$
EPS Diluted* US$ -$2.43 $1.67 -$0.30 -$0.06 -$0.50 -$0.97 -$0.28 -$1.47 -$0.51 -$1.02 -$0.86 $0.29 -$0.39 $0.36 $0.21 -30.00% <-Total Growth 10 EPS Diluted US$
Increase -4760.00% 168.72% -117.96% 80.00% -733.33% -94.00% 71.13% -425.00% 65.31% -100.00% 15.69% 133.72% -234.48% 192.31% -41.67% 2.66% <-IRR #YR-> 10 Earnings -30.00% US$
Earnings Yield -23.0% 17.4% -2.5% -0.4% -3.5% -8.5% -8.0% -54.2% -25.9% -40.8% -36.6% 13.4% -16.7% 17.9% 10.4% -23.31% <-IRR #YR-> 5 Earnings 73.47% US$
5 year Running Average -$0.25 -$0.20 -$0.21 -$0.30 $0.00 -$0.42 -$0.66 -$0.75 -$0.85 -$0.83 -$0.71 -$0.49 -$0.39 -$0.18 9.60% <-IRR #YR-> 10 5 yr Running Average -16.11% US$
10 year Running Average -$0.34 -$0.43 -$0.48 -$0.57 -$0.42 -$0.56 -$0.57 -$0.57 -$0.52 -5.67% <-IRR #YR-> 5 5 yr Running Average 25.30% US$
* ESP per share  E/P 10 Yrs -12.58% 5Yrs -25.89%
$0.30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -$0.39
$1.47 $0.00 $0.00 $0.00 $0.00 -$0.39
$0.20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -$0.49
$0.66 $0.00 $0.00 $0.00 $0.00 -$0.49
-$0.31 <-12 mths 38.27%
EPS Basic CDN$ -$2.40 $2.22 -$0.31 -$0.06 -$0.51 -$0.97 -$0.30 -$1.71 -$0.71 -$1.37 -$1.08 $0.45 -$0.51 -61.33% <-Total Growth 10 EPS Basic CDN$
EPS Diluted* CDN$ -$2.40 $2.05 -$0.31 -$0.06 -$0.51 -$0.97 -$0.30 -$1.71 -$0.71 -$1.37 -$1.08 $0.40 -$0.51 $0.49 $0.29 -61.33% <-Total Growth 10 EPS Diluted CDN$
Increase -4020.97% 185.17% -115.35% 80.99% -752.10% -89.78% 69.14% -472.63% 58.59% -93.93% 21.22% 136.67% -228.04% 196.61% -41.67% 4.90% <-IRR #YR-> 10 Earnings per Share -61.33% CDN$
Earnings Yield -22.4% 26.1% -2.7% -0.4% -3.5% -8.5% -8.0% -54.1% -25.8% -40.5% -36.1% 13.4% -16.8% 17.9% 10.5% -21.56% <-IRR #YR-> 5 Earnings per Share 70.30% CDN$
5 year Running Average -$0.22 -$0.15 -$0.16 -$0.25 $0.04 -$0.43 -$0.71 -$0.84 -$1.01 -$1.03 -$0.89 -$0.65 -$0.41 -$0.08 16.01% <-IRR #YR-> 10 5 yr Running Average -52.24% CDN$
10 year Running Average -$0.33 -$0.43 -$0.50 -$0.63 -$0.50 -$0.66 -$0.68 -$0.63 -$0.55 -1.58% <-IRR #YR-> 5 5 yr Running Average 7.66% CDN$
* Diluted ESP per share  E/P 10 Yrs -12.65% 5Yrs -25.77%
$0.31 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -$0.51
$1.71 $0.00 $0.00 $0.00 $0.00 -$0.51
$0.15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -$0.65
$0.71 $0.00 $0.00 $0.00 $0.00 -$0.65
Special Dividends $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends
Dividends* US$ $1.07 $0.87 $1.05 $1.10 $1.08 $1.16 $0.55 $0.28 $0.09 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -100.00% <-Total Growth 10 Dividends US$
Increase  20.20% -19.10% 20.40% 5.23% -1.79% 6.96% -52.21% -48.50% -69.53% -100.00% #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! Count 15 Years of data US$
Average Increases 5 Year Running 159.55% 5.95% 4.99% 2.34% -4.28% -18.06% -33.02% -52.66% #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! <-Median-> 7 Average Incr 5 Year Running US$
Dividends 5 Yr Running $0.76 $0.95 $1.00 $1.03 $1.05 $0.99 $0.83 $0.63 $0.42 $0.18 $0.07 $0.02 $0.00 $0.00 $0.00 -98.35% <-Total Growth 10 Dividends US$
Yield H/L Price #NUM! <-Median-> 0 Dividends US$
Yield on High  Price #NUM! <-Median-> 0 Dividends US$
Yield on Low Price #NUM! <-Median-> 0 Dividends US$
Yield on Close Price 10.14% 9.03% 8.71% 7.45% 7.56% 10.11% 15.87% 10.50% 4.40% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 5.93% <-Median-> 10 Dividends US$
Payout Ratio EPS -44.18% 52.01% -348.56% -1833.90% -216.13% -119.16% -197.26% -19.35% -16.99% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% #DIV/0! -18.17% <-Median-> 10 Payout Ratio EPS US$
DPR EPS 5 Yr Running -304.12% -484.48% -483.62% -349.24% -26255% -233.88% -127.24% -84.72% -48.92% -22.30% -10.51% -3.54% 0.00% 0.00% #DIV/0! -105.98% <-Median-> 10 DPR EPS 5 Yr Running US$
Payout Ratio CFPS 76.82% 49.35% 101.08% 84.93% 219.33% 82.63% 43.56% 53.09% 12.11% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% #DIV/0! 27.84% <-Median-> 10 Payout Ratio CFPS US$
DPR CF 5 Yr Running 71.61% 79.23% 77.55% 86.43% 87.79% 89.90% 83.63% 71.64% 42.49% 18.61% 7.47% 1.51% 0.00% 0.00% #DIV/0! 74.60% <-Median-> 10 DPR CF 5 Yr Running US$
Payout Ratio CFPS WC 84.06% 55.65% 149.72% 90.37% 179.88% 83.99% 63.05% 41.28% 13.64% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% #DIV/0! 27.46% <-Median-> 10 Payout Ratio CFPS WC US$
DPR CF WC 5 Yr Running 77.76% 87.22% 86.84% 96.53% 96.28% 103.48% 87.69% 75.64% 47.25% 19.86% 7.66% 1.62% 0.00% 0.00% #DIV/0! 81.24% <-Median-> 10 DPR CF WC 5 Yr Running US$
Median Values 10 Yr Med 10 Yr Cl #NUM! 5.93% 5 Yr Med 5 Yr Cl #NUM! 0.00% 5 Yr Med Payout 0.00% 0.00% 0.00% 0.00% 0.00% #DIV/0! #NUM! <-IRR #YR-> 5 Dividends -100.00% US$
* Dividends per share  10 Yr Med and Cur. #NUM! -100.00% 5 Yr Med and Cur. #NUM! #DIV/0! Last Div Inc ---> $0.1000 $0.0300 -70.0% #NUM! <-IRR #YR-> 10 Dividends -100.00% US$
Dividends Growth 15 #NUM! <-IRR #YR-> 15 Dividends -100.00% US$
Dividends Growth 5 -$0.28 $0.00 $0.00 $0.00 $0.00 $0.00 Dividends Growth 5
Dividends Growth 10 -$1.05 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 Dividends Growth 10
Dividends Growth 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 Dividends Growth 15
Special Dividends $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends CDN$
Dividends* CDN$ $1.06 $1.06 $1.09 $1.09 $1.10 $1.15 $0.59 $0.33 $0.12 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -100.00% <-Total Growth 10 Dividends CDN$
Increase 1.92% 0.26% 2.90% 0.00% 0.42% 4.63% -48.91% -43.83% -63.63% -100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Count 15 Years of data CDN$
Average Increases 5 Year Running 150.78% 1.61% 1.10% 1.64% -8.19% -17.54% -30.26% -50.35% -51.28% -41.49% -32.73% -20.00% 0.00% 0.00% -23.90% <-Median-> 10 Average Incr 5 Year Running
Dividends 5 Yr Running $0.86 $1.05 $1.07 $1.08 $1.10 $1.01 $0.85 $0.66 $0.44 $0.21 $0.09 $0.02 $0.00 $0.00 $0.00 -97.61% <-Total Growth 10 Dividends 5 Yr Running CDN$
Yield H/L Price 9.68% 12.45% 11.05% 8.29% 7.70% 8.91% 7.27% 10.04% 3.83% 0.00% 0.00% 0.00% 0.00% 5.55% <-Median-> 10 Yield H/L Price CDN$
Yield on High  Price 8.74% 9.78% 9.27% 7.30% 7.14% 7.64% 4.53% 7.53% 2.96% 0.00% 0.00% 0.00% 0.00% 3.74% <-Median-> 10 Yield on High  Price CDN$
Yield on Low Price 10.86% 17.13% 13.68% 9.59% 8.36% 10.68% 18.36% 15.07% 5.43% 0.00% 0.00% 0.00% 0.00% 6.89% <-Median-> 10 Yield on Low Price CDN$
Yield on Close Price 9.90% 13.55% 9.54% 7.45% 7.57% 10.15% 15.83% 10.48% 4.38% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 5.91% <-Median-> 10 Yield on Close Price CDN$
Payout Ratio EPS -44.2% 52.0% -348.6% -1834% -216% -119% -197% -19% -17% 0% 0% 0% 0% 0% 0% #DIV/0! -18.17% <-Median-> 10 DPR EPS CDN$
DPR EPS 5 Yr Running -386.29% -712.31% -679.51% -437.12% 2780.26% -234.28% -120.49% -78.57% -43.37% -20.11% -10.08% -3.67% 0.00% 0.00% #DIV/0! -60.97% <-Median-> 10 DPR EPS 5 Yr Running CDN$
Payout Ratio CFPS 76.8% 49.4% 101.1% 84.9% 219.3% 82.6% 43.6% 53.1% 12.1% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% #DIV/0! 27.84% <-Median-> 10 DPR CF CDN$
DPR CF 5 Yr Running 70.92% 78.45% 76.51% 84.46% 85.70% 89.54% 82.71% 67.71% 38.63% 16.97% 6.93% 1.58% 0.00% 0.00% #DIV/0! 72.11% <-Median-> 10 DPR CF 5 Yr Running CDN$
Payout Ratio CFPS WC 84.1% 55.6% 149.7% 90.4% 179.9% 84.0% 63.0% 41.3% 13.6% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% #DIV/0! 27.46% <-Median-> 10 DPR CF WC CDN$
DPR CF WC 5 Yr Running 77.13% 86.01% 85.53% 94.52% 94.31% 103.53% 86.56% 71.58% 43.01% 18.03% 7.16% 1.71% 0.00% 0.00% #DIV/0! 78.56% <-Median-> 10 DPR CF WC 5 Yr Running CDN$
Median Values 10 Yr Med 10 Yr Cl 5.55% 5.91% 5 Yr Med 5 Yr Cl 0.00% 0.00% 5 Yr Med Payout 0.00% 0.00% 0.00% #NUM! <-IRR #YR-> 5 Dividends -100.00% -32.73%
* Dividends per share  10 Yr Med and Cur. -100.00% -100.00% 5 Yr Med and Cur. #DIV/0! #DIV/0! Last Div Inc ---> $0.1000 $0.0300 -70.0% #NUM! <-IRR #YR-> 10 Dividends -100.00% -25.13%
Dividends Growth 15 #NUM! <-IRR #YR-> 15 Dividends -100.00%
Dividends Growth 5 -$0.33 $0.00 $0.00 $0.00 $0.00 $0.00 Dividends Growth 5
Dividends Growth 10 -$1.09 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 Dividends Growth 10
Dividends Growth 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 Dividends Growth 15
Historical Dividends Historical High Div 17.50% Low Div 0.00% Ave Div 8.75% Med Div 7.99% Close Div 8.39% Historical Dividends
High/Ave/Median Values Curr diff Exp. -100.00% #DIV/0! #DIV/0! Exp. -100.00% Exp. -100.00% Exp. -100.00% High/Ave/Median 
Future Dividend Yield Div Yd 0.00% earning in 5.00 Years at IRR of 0.0% Div Inc. #DIV/0! Future Dividend Yield
Future Dividend Yield Div Yd 0.00% earning in 10 Years at IRR of 0.0% Div Inc. #DIV/0! Future Dividend Yield
Future Dividend Yield Div Yd 0.00% earning in 15 Years at IRR of 0.0% Div Inc. #DIV/0! Future Dividend Yield
Yield if held 5 years 10.39% 10.35% 10.54% 10.50% 6.87% 3.33% 0.91% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.12% <-Median-> 10 Paid Median Price CDN$
Yield if held 10 years 3.13% 1.14% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% <-Median-> 6 Paid Median Price CDN$
Yield if held 15 years 0.00% 0.00% 0.00% 0.00% 0.00% <-Median-> 1 Paid Median Price CDN$
Cost covered if held 5 years 50.03% 50.65% 51.89% 50.22% 58.81% 43.04% 24.89% 15.32% 8.04% 5.57% 3.65% 0.00% 0.00% 0.00% 33.96% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 10 years 90.47% 81.74% 72.86% 59.69% 64.08% 44.25% 24.89% 15.32% 8.04% 68.47% <-Median-> 6 Paid Median Price CDN$
Cost covered if held 15 years 91.61% 81.74% 72.86% 59.69% 91.61% <-Median-> 1 Paid Median Price CDN$
Graham No. DI/ AFFO after 2011 $7.29 $12.63 $15.47 $12.50 $14.18 $12.40 $10.83 $4.68 $1.51 $0.84 $3.46 $1.28 $3.05 $2.26 $2.31 $0.00 -80.30% <-Total Growth 10 Graham Price CDN$
Price/GP Ratio Med 1.50 0.68 0.64 1.06 1.01 1.04 0.75 0.70 2.08 3.54 0.94 2.09 1.11 1.29 1.05 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio High 1.67 0.86 0.76 1.20 1.09 1.21 1.20 0.94 2.70 4.34 1.05 2.37 1.25 1.48 1.21 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Low 1.34 0.49 0.52 0.91 0.93 0.87 0.30 0.47 1.47 2.75 0.84 1.80 0.96 1.09 0.92 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Close 1.47 0.62 0.74 1.18 1.02 0.91 0.34 0.67 1.82 4.02 0.86 2.32 0.99 1.21 1.18 #DIV/0! 1.01 <-Median-> 10 Price/GP Ratio CDN$
Prem/Disc Close 47.00% -37.85% -25.86% 17.53% 2.41% -8.62% -65.73% -32.70% 82.00% 301.87% -13.55% 132.12% -0.91% 20.97% 18.31% #DIV/0! 0.75% <-Median-> 10 Graham Price CDN$
Graham No. #NUM! $13.43 #NUM! #NUM! #NUM! #NUM! #NUM! #NUM! #NUM! #NUM! $2.21 #NUM! $2.47 #NUM! #NUM! $0.00 #NUM! <-Total Growth 1 Graham Price CDN$
Price/GP Ratio Med #NUM! 0.64 #NUM! #NUM! #NUM! #NUM! #NUM! #NUM! #NUM! #NUM! 1.48 #NUM! 1.36 #NUM! <-Median-> 2 Price/GP Ratio CDN$
Price/GP Ratio High #NUM! 0.81 #NUM! #NUM! #NUM! #NUM! #NUM! #NUM! #NUM! #NUM! 1.64 #NUM! 1.54 #NUM! <-Median-> 2 Price/GP Ratio CDN$
Price/GP Ratio Low #NUM! 0.46 #NUM! #NUM! #NUM! #NUM! #NUM! #NUM! #NUM! #NUM! 1.32 #NUM! 1.18 #NUM! <-Median-> 2 Price/GP Ratio CDN$
Price/GP Ratio Close #NUM! 0.58 #NUM! #NUM! #NUM! #NUM! #NUM! #NUM! #NUM! #NUM! 1.36 #NUM! 1.22 #NUM! #NUM! #DIV/0! #NUM! <-Median-> 2 Price/GP Ratio CDN$
Prem/Disc Close #NUM! -41.53% #NUM! #NUM! #NUM! #NUM! #NUM! #NUM! #NUM! #NUM! 35.58% #NUM! 22.11% #NUM! #NUM! #DIV/0! #NUM! <-Median-> 2 Graham Price CDN$
Price Close CDN$ $10.71 $7.85 $11.47 $14.69 $14.52 $11.33 $3.71 $3.15 $2.74 $3.38 $2.99 $2.96 $3.02 $2.73 $2.73 $3.41 -73.67% <-Total Growth 10 Stock Price CDN$
Increase -5.14% -26.70% 46.11% 28.07% -1.16% -21.97% -67.26% -15.09% -13.02% 23.36% -11.54% -1.00% 2.03% -9.60% 0.00% 24.99% -5.51 <-Median-> 10 CAPE (10 Yr P/E)
P/E -4.46 3.84 -36.53 -246.16 -28.55 -11.74 -12.46 -1.85 -3.88 -2.47 -2.77 7.48 -5.96 5.58 9.56 #DIV/0! -0.84% <-IRR #YR-> 5 Stock Price -4.13% CDN$
Trailing P/E -183.82 -3.27 5.61 -46.79 -243.31 -22.28 -3.84 -10.58 -1.61 -4.79 -2.18 -2.74 7.63 -5.39 5.58 11.95 -12.49% <-IRR #YR-> 10 Stock Price -73.67% CDN$
CAPE (10 Yr P/E) -11.39 -7.37 -5.51 -5.38 -6.03 -4.48 -4.44 -4.37 -5.00 #DIV/0! -0.07% <-IRR #YR-> 5 Price & Dividend -0.32% CDN$
Median 10, 5 Yrs D.  per yr 5.60% 0.77% % Tot Ret -81% -1180.02% T P/E -4.32 -2.18 P/E:  -4.92 -2.77 -6.89% <-IRR #YR-> 10 Price & Dividend -35.48% CDN$
Price 15 D.  per yr 10.42% % Tot Ret 451.95% CAPE Diff -201.20% -8.12% <-IRR #YR-> 15 Stock Price -71.91% CDN$
Price  20 D.  per yr 10.32% % Tot Ret 331.11% -7.20% <-IRR #YR-> 16 Stock Price
Price & Dividend 15 2.31% <-IRR #YR-> 15 Price & Dividend 17.87% CDN$
Price & Dividend 20 3.12% <-IRR #YR-> 16 Price & Dividend
Price  5 -$3.15 $0.00 $0.00 $0.00 $0.00 $3.02 Price  5
Price 10 -$11.47 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.02 Price 10
Price & Dividend 5 -$3.15 $0.12 $0.00 $0.00 $0.00 $3.02 Price & Dividend 5
Price & Dividend 10 -$11.47 $1.09 $1.10 $1.15 $0.59 $0.33 $0.12 $0.00 $0.00 $0.00 $3.02 Price & Dividend 10
Price 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.02 Price 15
Price  20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.02 Price  20
Price & Dividend 15 $1.06 $1.06 $1.09 $1.09 $1.10 $1.15 $0.59 $0.33 $0.12 $0.00 $0.00 $0.00 $3.02 Price & Dividend 15
Price & Dividend 20 $1.06 $1.06 $1.09 $1.09 $1.10 $1.15 $0.59 $0.33 $0.12 $0.00 $0.00 $0.00 $3.02 Price & Dividend 20
Price H/L Median $10.96 $8.55 $9.90 $13.21 $14.28 $12.91 $8.09 $3.29 $3.14 $2.98 $3.27 $2.66 $3.37 $2.91 -65.96% <-Total Growth 10 Stock Price CDN$
Increase 5.03% -22.00% 15.86% 33.38% 8.10% -9.56% -37.37% -59.37% -4.57% -4.94% 9.56% -18.53% 26.69% -13.80% 0.51% <-IRR #YR-> 5 Stock Price 2.59% CDN$
P/E -4.56 4.18 -31.53 -221.28 -28.07 -13.38 -27.15 -1.93 -4.44 -2.18 -3.03 6.72 -6.65 5.94 -10.22% <-IRR #YR-> 10 Stock Price -65.96% CDN$
Trailing P/E -188.02 -3.56 4.84 -42.06 -239.21 -25.39 -8.38 -11.03 -1.84 -4.22 -2.38 -2.47 8.52 -5.74 1.25% <-IRR #YR-> 5 Price & Dividend 6.24% CDN$
P/E on Run. 5 yr Ave -38.42 -66.90 -83.80 -57.65 326.22 -18.85 -4.64 -3.75 -2.95 -3.17 -2.98 -5.16 -7.02 -3.92% <-IRR #YR-> 10 Price & Dividend -21.71% CDN$
P/E on Run. 10 yr Ave -24.82 -7.68 -6.31 -4.74 -6.58 -4.02 -4.95 -4.65 -10.02 P/E Ratio Historical Median
Median 10, 5 Yrs D.  per yr 0.74% 6.29% % Tot Ret 59.14% -160.40% T P/E -6.30 -2.38 P/E:  -5.55 -3.03 Count 16 Years of data
-$3.29 $0.00 $0.00 $0.00 $0.00 $3.37
-$9.90 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.37
-$3.29 $0.12 $0.00 $0.00 $0.00 $3.37
-$9.90 $1.09 $1.10 $1.15 $0.59 $0.33 $0.12 $0.00 $0.00 $0.00 $3.37
High Months May Jan Nov Dec Jul Nov Jan Jul Jun Nov Apr Jun Mar Feb
Price High $12.14 $10.88 $11.80 $15.00 $15.40 $15.05 $12.97 $4.38 $4.06 $3.65 $3.62 $3.02 $3.81 $3.35 -67.71% <-Total Growth 10 Stock Price CDN$
Increase 7.53% -10.38% 8.46% 27.12% 2.67% -2.27% -13.82% -66.23% -7.31% -10.10% -0.82% -16.57% 26.16% -12.07% -10.69% <-IRR #YR-> 10 Stock Price -67.71% CDN$
P/E -5.06 5.32 -37.58 -251.36 -30.29 -15.59 -43.55 -2.57 -5.75 -2.67 -3.36 7.63 -7.52 6.85 -2.75% <-IRR #YR-> 5 Stock Price -13.01% CDN$
Trailing P/E -208.36 -4.53 5.77 -47.77 -258.06 -29.60 -13.44 -14.71 -2.38 -5.17 -2.64 -2.80 9.63 -6.61 -11.56 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E -9.30 -2.64 P/E:  -6.64 -3.36 -2.61 P/E Ratio Historical High
-$11.80 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.81
-$4.38 $0.00 $0.00 $0.00 $0.00 $3.81
Low Months Aug Nov Jan May Nov Dec Dec Oct Dec Feb Sep Feb Jan Mar
Price Low $9.77 $6.21 $8.00 $11.41 $13.15 $10.77 $3.20 $2.19 $2.21 $2.31 $2.91 $2.30 $2.93 $2.46 -63.38% <-Total Growth 10 Stock Price CDN$
Increase 2.09% -36.44% 28.82% 42.63% 15.25% -18.10% -70.29% -31.56% 0.91% 4.52% 25.97% -20.96% 27.39% -16.04% -9.56% <-IRR #YR-> 10 Stock Price -63.38% CDN$
P/E -4.07 3.04 -25.48 -191.20 -25.86 -11.16 -10.75 -1.28 -3.13 -1.69 -2.70 5.81 -5.78 5.03 5.99% <-IRR #YR-> 5 Stock Price 33.79% CDN$
Trailing P/E -167.68 -2.59 3.91 -36.34 -220.36 -21.18 -3.32 -7.35 -1.30 -3.27 -2.12 -2.13 7.41 -4.86 -8.26 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E -3.29 -2.12 P/E:  -4.46 -2.70 -108.89 P/E Ratio Historical Low
-$8.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.93
-$2.19 $0.00 $0.00 $0.00 $0.00 $2.93
Price Close US$ $10.58 $9.61 $12.00 $14.76 $14.30 $11.43 $3.48 $2.71 $1.97 $2.50 $2.35 $2.17 $2.34 $2.01 $2.01 $2.51 -80.51% <-Total Growth 10 Stock Price US$
Increase -19.56% -9.16% 24.88% 22.95% -3.12% -20.07% -69.55% -22.13% -27.31% 26.90% -6.00% -7.66% 7.83% -14.10% 0.00% 24.88% -4.36 <-Median-> 10 CAPE (10 Yr P/E)
P/E -4.35 5.76 -40.02 -246.00 -28.60 -11.78 -12.43 -1.84 -3.86 -2.45 -2.73 7.48 -6.00 5.58 9.57 #DIV/0! -2.89% <-IRR #YR-> 5 Stock Price -13.65% US$
Trailing P/E -211.65 -3.96 7.19 -49.20 -238.33 -22.86 -3.59 -9.68 -1.34 -4.90 -2.30 -2.52 8.07 -5.15 5.58 11.95 -15.08% <-IRR #YR-> 10 Stock Price -80.51% US$
CAPE (10 Yr P/E) -10.36 -6.36 -4.14 -4.36 -5.65 -3.85 -4.08 -3.54 -3.89 #DIV/0! -2.25% <-IRR #YR-> 5 Price & Dividend -10.46% US$
Median 10, 5 Yrs D.  per yr 5.46% 0.65% % Tot Ret -57% -28.87% T P/E -4.24 -2.30 P/E:  -4.93 -2.73 -9.63% <-IRR #YR-> 10 Price & Dividend -45.02% US$
Price 15 D.  per yr 9.02% % Tot Ret -513.60% CAPE Diff -227.97% -10.77% <-IRR #YR-> 15 Stock Price -81.91% US$
Price  20 D.  per yr 8.69% % Tot Ret -604.61% -10.12% <-IRR #YR-> 16 Stock Price
Price & Dividend 15 -1.76% <-IRR #YR-> 15 Price & Dividend -12.29% US$
Price & Dividend 20 -1.44% <-IRR #YR-> 16 Price & Dividend
Price  5 -$2.71 $0.00 $0.00 $0.00 $0.00 $2.34 Price  5
Price 10 -$12.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.34 Price 10
Price & Dividend 5 -$2.71 $0.09 $0.00 $0.00 $0.00 $2.34 Price & Dividend 5
Price & Dividend 10 -$12.00 $1.10 $1.08 $1.16 $0.55 $0.28 $0.09 $0.00 $0.00 $0.00 $2.34 Price & Dividend 10
Price 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.34 Price 15
Price  20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.34 Price  20
Price & Dividend 15 $1.07 $0.87 $1.05 $1.10 $1.08 $1.16 $0.55 $0.28 $0.09 $0.00 $0.00 $0.00 $2.34 Price & Dividend 15
Price & Dividend 20 $1.07 $0.87 $1.05 $1.10 $1.08 $1.16 $0.55 $0.28 $0.09 $0.00 $0.00 $0.00 $2.34 Price & Dividend 20
$108 <-12 mths -21.73%
Free Cash Flow CDN$ WSJ $97.36 $138.59 $212.74 $175.89 $182.32 87.26% <-Total Growth 4 Free Cash Flow CDN$ WSJ
Change 42.34% 53.51% -17.32% 3.65% $0.23 <-Median-> 4 Change
Free Cash Flow US$ WSJ $70.31 $103.22 $169.58 $128.93 $140.37 99.65% <-Total Growth 4 Free Cash Flow US$ WSJ
Change 46.80% 64.30% -23.97% 8.87% $0.28 <-Median-> 4 Change
Free Cash Flow US$ MS $84.40 $53.90 $164.20 $146.90 $51.60 $77.00 $105.10 $163.90 $135.70 $137.40 62.80% <-Total Growth 9 Free Cash Flow US$ MS
Change -36.14% 204.64% -10.54% -64.87% 49.22% 36.49% 55.95% -17.21% 1.25% 21.64% <-IRR #YR-> 5 Free Cash Flow US$ MS
FCF/CF from Op Ratio 0.97 0.96 0.98 0.96 0.79 0.88 0.94 0.97 0.99 0.95 5.56% <-IRR #YR-> 9 Free Cash Flow US$ MS
Dividends paid $10.26 $0.00 $0.00 $0.00 $0.00 -100.00% <-Total Growth 4 Dividends paid
Percentage paid 13.32% 0.00% 0.00% 0.00% 0.00% $0.00 <-Median-> 5 Percentage paid
5 Year Covrage 1.66% 5 Year Covrage
Dividend Coverage Ratio 7.51 0.00 0.00 0.00 0.00 0.00 <-Median-> 5 Dividend Coverage Ratio
5 Year of Covereage 60.37 5 Year of Caogerage
-$51.60 0.00 0.00 0.00 0.00 137.40
-$84.40 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 137.40
Long Term Debt US$ $393.11 $443.67 $326.98 $265.89 $1,425.86 $1,580.30 $1,471.00 $1,145.90 $717.50 $749.20 $616.30 $540.70 $473.5 $436.3 44.81% <-Total Growth 10 Debt US$
Change -8.28% 12.86% -26.30% -18.69% 436.27% 10.83% -6.92% -22.10% -37.39% 4.42% -17.74% -12.27% -12.43% -7.86% -12.35% <-Median-> 10 Change US$
Debt/Market Cap Ratio 0.60 0.76 0.45 0.27 0.88 1.16 3.52 3.49 2.98 2.62 2.28 2.30 1.86 1.99 2.29 <-Median-> 10 Debt/Market Cap Ratio
Long Term Debt CDN$ $388.44 $543.31 $342.22 $264.45 $1,450.10 $1,572.24 $1,564.56 $1,329.36 $993.55 $1,005.95 $773.15 $737.62 $614.98 $593.11 79.70% <-Total Growth 10 Debt CDN$
Change -22.22% 39.87% -37.01% -22.73% 448.34% 8.42% -0.49% -15.03% -25.26% 1.25% -23.14% -4.59% -16.63% -3.56% -9.81% <-Median-> 10 Change CDN$
Debt/Market Cap Ratio 0.59 1.14 0.49 0.27 0.88 1.16 3.51 3.48 2.97 2.60 2.24 2.30 1.87 1.99 <--- 2.27 <-Median-> 10 Debt/Market Cap Ratio CDN$
Assets/Current Liabilities Ratio 12.48 8.81 13.39 16.51 16.88 7.47 8.72 23.58 18.60 9.65 8.72 8.84 7.61 7.34 9.25 <-Median-> 10 Assets/Current Liabilities
Intangible Assets US$ $584.27 $524.88 $451.50 $381.40 $308.90 $246.00 $191.20 $170.10 $144.30 $137.50 They do not properly  Intangible Assets US$
Intangible/Market Cap Ratio 0.36 0.38 1.08 1.16 1.28 0.86 0.71 0.72 0.57 0.63 72.35% <-Median-> 9 Intangible/Market Cap Ratio
Goodwill US$ $12.45 $343.59 $334.67 $296.30 $197.20 $134.50 $36.00 $21.30 $21.30 $21.30 $21.30 separate intangible assets Goodwill US$
Change 2659.06% -2.60% -11.46% -33.45% -31.80% -73.23% -40.83% 0.00% 0.00% 0.00% -11.46% <-Median-> 9 Change US$
Goodwill/Market Cap Ratio 0.21 0.25 0.71 0.60 0.56 0.13 0.08 0.09 0.08 0.10 21.16% <-Median-> 9 Goodwill/Market Cap Ratio
Intangible/Market Cap Ratio 0.01 0.57 0.63 1.79 1.76 1.84 0.98 0.78 0.81 0.65 0.73
Intangible Assets CDN$ $594.21 $522.21 $480.22 $442.46 $427.75 $330.30 $239.86 $232.05 $21.30 $186.92 $427.75 <-Median-> 9 Intangible Assets CDN$
Intangible/Market Cap Ratio 0.36 0.39 1.08 1.16 1.28 0.85 0.70 0.72 0.06 0.63 0.72 <-Median-> 9 Intangible/Market Cap Ratio CDN$
Goodwill CDN$ $12.39 $349.43 $332.96 $315.14 $228.77 $186.25 $48.34 $26.72 $29.06 $27.66 $28.96 $117.29 <-Median-> 10 Goodwill CDN$
Goodwill/Market Cap Ratio 0.01 0.21 0.25 0.71 0.60 0.56 0.12 0.08 0.09 0.08 0.10 0.17 <-Median-> 10 Intangible/Market Cap Ratio CDN$
Intangible/Market Cap Ratio 0.01 0.57 0.63 1.78 1.76 1.83 0.98 0.77 0.81 0.15 0.73 0.79 <-Median-> 10 Intangible/Market Cap Ratio CDN$
Market Cap US$ $651 $586 $725 $991 $1,623 $1,365 $418 $329 $241 $287 $271 $235 $255 $219 $219 $273 -64.86% <-Total Growth 10 Market Cap US$
Market Cap CDN$ $658 $478 $693 $986 $1,648 $1,353 $446 $382 $335 $387 $344 $321 $329 $297 $297 $372 -52.53% <-Total Growth 10 Market Cap CDN$
Diluted # of Shares in Million 61.471 66.350 66.203 61.706 77.47 116.43 119.9 120.7 121.9 119.5 115.1 141.8 109.3 134.8 65.10% <-Total Growth 10 Diluted
Change 32.48% 7.94% -0.22% -6.79% 25.55% 50.29% 2.98% 0.67% 0.99% -1.97% -3.68% 23.20% -22.92% 23.33% 0.01 <-Median-> 10 Change
Difference Diluted/Basic 0.0% -7.6% -8.4% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% -21.0% 0.0% -20.5% Difference Diluted/Basic
Basic # of Shares in Millions 61.471 61.290 60.632 61.706 77.47 116.43 119.9 120.7 121.9 119.5 115.1 112.0 109.3 107.2 80.27% <-Total Growth 10 Average
Increase 32.48% -0.29% -1.07% 1.77% 25.55% 50.29% 2.98% 0.67% 0.99% -1.97% -3.68% -2.69% -2.41% -1.92% 0.01 <-Median-> 10 Change
Difference Basic/Outstanding 0.0% -0.6% -0.4% 8.8% 46.5% 2.6% 0.3% 0.5% 0.2% -4.1% 0.1% -3.3% -0.4% 1.6% 0.00 <-Median-> 10 Difference Basic/Outstanding
$88 <-12 mths -39.12%
# of Share in Millions 61.47 60.94 60.40 67.12 113.53 119.45 120.20 121.32 122.15 114.60 115.21 108.34 108.90 108.90 108.90 108.90 6.07% <-IRR #YR-> 10 Shares 80.29%
Increase 0.00% -0.86% -0.88% 11.12% 69.14% 5.22% 0.63% 0.93% 0.68% -6.18% 0.53% -5.96% 0.52% 0.00% 0.00% 0.00% -2.14% <-IRR #YR-> 5 Shares -10.24%
CF fr Op $M US$ $85.9 $107.2 $62.5 $87.0 $55.9 $167.1 $152.4 $65.0 $87.4 $111.8 $169.2 $137.5 $144.7 $100.2 $133.9 131.56% <-Total Growth 10 Cash Flow US$
Increase 49.34% 24.84% -41.73% 39.15% -35.67% 198.70% -8.79% -57.35% 34.46% 27.92% 51.34% -18.74% 5.24% -30.76% 33.70% S Iss, SO DRIP US$
5 year Running Average $60.4 $70.3 $80.0 $79.7 $95.9 $105.0 $105.5 $105.6 $116.7 $117.2 $114.2 $130.1 $132.7 $137.1 85.08% <-Total Growth 10 CF 5 Yr Running US$
CFPS US$ $1.40 $1.76 $1.03 $1.30 $0.49 $1.40 $1.27 $0.54 $0.72 $0.98 $1.47 $1.27 $1.33 $0.92 $1.23 28.44% <-Total Growth 10 Cash Flow per Share US$
Increase 49.34% 25.93% -41.21% 25.23% -61.97% 183.89% -9.36% -57.74% 33.55% 36.35% 50.54% -13.58% 4.70% -30.76% 33.70% 8.76% <-IRR #YR-> 10 Cash Flow 131.56% US$
5 year Running Average $1.06 $1.20 $1.28 $1.20 $1.20 $1.10 $1.00 $0.88 $0.98 $0.99 $0.99 $1.15 $1.19 $1.24 17.36% <-IRR #YR-> 5 Cash Flow 122.62% US$
P/CF on Med Price 2.53% <-IRR #YR-> 10 Cash Flow per Share 28.44% US$
P/CF on Closing Price $7.57 $5.46 $11.60 $11.39 $29.02 $8.17 $2.74 $5.06 $2.75 $2.56 $1.60 $1.71 $1.76 $2.18 $1.63 19.92% <-IRR #YR-> 5 Cash Flow per Share 148.01% US$
-20.53% Diff M/C -0.40% <-IRR #YR-> 10 CFPS 5 yr Running -3.93% US$
$124 <-12 mths -3.12%
Excl.Working Capital CF -$7.4 -$12.1 -$20.3 -$5.2 $12.3 -$2.7 -$47.1 $18.6 -$9.8 -$17.4 $18.0 -$21.3 -$16.5 $0.0 $0.0 2.90% <-IRR #YR-> 5 CFPS 5 yr Running 15.37% US$
CF fr Op $M WC US$ $78.5 $95.1 $42.2 $81.7 $68.2 $164.4 $105.3 $83.6 $77.6 $94.4 $187.2 $116.2 $128.2 $100.2 $133.9 203.89% <-Total Growth 10 Cash Flow less WC US$
Increase 30.03% 21.14% -55.64% 93.72% -16.55% 141.04% -35.94% -20.61% -7.18% 21.65% 98.31% -37.93% 10.33% -21.85% 33.70% 11.76% <-IRR #YR-> 10 Cash Flow less WC 203.89% US$
5 year Running Average $56.1 $63.4 $71.6 $73.1 $90.3 $92.4 $100.6 $99.8 $105.1 $109.6 $111.8 $120.7 $125.2 $133.1 8.93% <-IRR #YR-> 5 Cash Flow less WC 53.35% US$
CFPS Excl. WC US$ $1.28 $1.56 $0.70 $1.22 $0.60 $1.38 $0.88 $0.69 $0.64 $0.82 $1.62 $1.07 $1.18 $0.92 $1.23 6.64% <-IRR #YR-> 10 CF less WC 5 Yr Run 90.28% US$
Increase 30.03% 22.20% -55.25% 74.34% -50.66% 129.09% -36.35% -21.34% -7.81% 29.67% 97.25% -33.99% 9.76% -21.85% 33.70% 3.70% <-IRR #YR-> 5 CF less WC 5 Yr Run 19.95% US$
5 year Running Average $0.98 $1.09 $1.15 $1.07 $1.09 $0.95 $0.95 $0.84 $0.88 $0.93 $0.97 $1.07 $1.12 $1.20 5.36% <-IRR #YR-> 10 CFPS - Less WC 68.56% US$
P/CF on Med Price 11.31% <-IRR #YR-> 5 CFPS - Less WC 70.84% US$
P/CF on Closing Price 8.29 6.16 17.19 12.12 23.80 8.31 3.97 3.93 3.10 3.03 1.45 2.02 1.99 2.18 1.63 -0.81% <-IRR #YR-> 9 CFPS 5 yr Running -2.02% US$
*Operational Cash Flow per share CF/-WC P/CF Med 10 yr 2.75 5 yr  1.76 P/CF Med 10 yr 3.52 5 yr  2.02 -37.88% Diff M/C 2.30% <-IRR #YR-> 5 CFPS 5 yr Running 12.06% US$
$120 <-12 mths -36.27%
CF fr Op $M CDN$ $84.9 $131.3 $65.4 $86.5 $56.9 $166.2 $162.1 $75.4 $121.0 $150.1 $212.3 $187.6 $187.9 $136.2 $182.1 187.36% <-Total Growth 10 Cash Flow CDN$
Increase 26.63% 54.73% -50.20% 32.24% -34.22% 192.21% -2.49% -53.48% 60.50% 24.03% 41.40% -11.63% 0.19% -27.53% 33.70% S Iss, SO DRIP CDN$
5 year Running Average $68.7 $78.7 $87.0 $85.0 $101.3 $107.4 $109.4 $116.3 $135.0 $144.2 $149.3 $171.8 $174.8 $181.2 118.35% <-Total Growth 10 CF 5 Yr Running CDN$
CFPS CDN$ $1.38 $2.16 $1.08 $1.29 $0.50 $1.39 $1.35 $0.62 $0.99 $1.31 $1.84 $1.73 $1.73 $1.25 $1.67 59.39% <-Total Growth 10 Cash Flow per Share CDN$
Increase 26.63% 56.07% -49.76% 19.01% -61.11% 177.72% -3.10% -53.91% 59.41% 32.21% 40.65% -6.03% -0.32% -27.53% 33.70% 11.13% <-IRR #YR-> 10 Cash Flow 187.36% CDN$
5 year Running Average $1.21 $1.34 $1.40 $1.28 $1.28 $1.12 $1.03 $0.97 $1.13 $1.22 $1.30 $1.52 $1.57 $1.64 20.04% <-IRR #YR-> 5 Cash Flow 149.23% CDN$
P/CF on Med Price 7.93 3.97 9.14 10.25 28.49 9.28 6.00 5.29 3.16 2.27 1.77 1.54 1.95 2.32 0.00 7.66% <-IRR #YR-> 10 Cash Flow per Share 59.39% CDN$
P/CF on Closing Price 7.76 3.64 10.59 11.40 28.98 8.14 2.75 5.07 2.77 2.58 1.62 1.71 1.75 2.18 1.63 13.85% <-IRR #YR-> 5 Cash Flow per Share 177.66% CDN$
-48.33% Diff M/C 1.24% <-IRR #YR-> 10 CFPS 5 yr Running 13.13% CDN$
$168.84 <-12 mths 1.40%
Excl.Working Capital CF -$7.3 -$14.9 -$21.2 -$5.2 $12.5 -$2.7 -$50.1 $21.6 -$13.6 -$23.4 $22.6 -$29.1 -$21.4 $0.0 $0.0 8.09% <-IRR #YR-> 5 CFPS 5 yr Running 47.54% CDN$
CF fr Op $M WC CDN$ $78 $116 $44 $81 $69 $164 $112 $97 $107 $127 $235 $159 $167 $136 $182 277.11% <-Total Growth 10 Cash Flow less WC CDN$
Increase 10.25% 50.14% -62.09% 84.10% -14.67% 135.80% -31.52% -13.40% 10.80% 17.96% 85.28% -32.50% 5.04% -18.20% 33.70% 14.20% <-IRR #YR-> 10 Cash Flow less WC 277.11% CDN$
5 year Running Average $63.7 $71.3 $78.0 $77.8 $95.0 $94.1 $104.6 $109.9 $121.3 $135.6 $144.9 $158.8 $164.6 $175.6 11.42% <-IRR #YR-> 5 Cash Flow less WC 71.68% CDN$
CFPS Excl. WC CDN$ $1.26 $1.91 $0.73 $1.21 $0.61 $1.37 $0.93 $0.80 $0.88 $1.11 $2.04 $1.46 $1.53 $1.25 $1.67 8.34% <-IRR #YR-> 10 CF less WC 5 Yr Run 122.81% CDN$
Increase -49.55% 124.11% -31.95% -14.21% 10.04% 25.73% 84.29% -28.22% 4.50% -18.20% 33.70% 8.70% <-IRR #YR-> 5 CF less WC 5 Yr Run 51.78% CDN$
5 year Running Average $1.11 $1.23 $1.25 $1.15 $1.17 $0.97 $0.98 $0.92 $1.02 $1.15 $1.26 $1.40 $1.48 $1.59 7.66% <-IRR #YR-> 10 CFPS - Less WC 109.17% CDN$
P/CF on Med Price 8.68 4.47 13.54 10.90 23.36 9.43 8.68 4.11 3.56 2.69 1.60 1.82 2.20 2.32 0.00 10.41% <-IRR #YR-> 5 CFPS - Less WC 91.27% CDN$
P/CF on Closing Price 8.49 4.11 15.69 12.13 23.77 8.27 3.98 3.94 3.11 3.06 1.47 2.02 1.98 2.18 1.63 1.36% <-IRR #YR-> 10 5 yr Running 14.50% CDN$
*Operational Cash Flow per share CF/-WC P/CF Med 10 yr 4.22 5 yr  1.95 P/CF Med 10 yr 3.84 5 yr  2.20 -43.10% Diff M/C 7.35% <-IRR #YR-> 5 5 yr Running 42.54% CDN$
-60.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 108.9 Shares
-121.3 0.0 0.0 0.0 0.0 108.9 Shares
-$62 $0 $0 $0 $0 $0 $0 $0 $0 $0 $145 Cash Flow US$
-$65 $0 $0 $0 $0 $145 Cash Flow US$
-$1.03 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.33 Cash Flow per Share US$
-$0.54 $0.00 $0.00 $0.00 $0.00 $1.33 Cash Flow per Share US$
-$1.20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.15 CFPS 5 yr Running US$
-$1.00 $0.00 $0.00 $0.00 $0.00 $1.15 CFPS 5 yr Running US$
-$42 $0 $0 $0 $0 $0 $0 $0 $0 $0 $128 Cash Flow less WC US$
-$84 $0 $0 $0 $0 $128 Cash Flow less WC US$
-$63 $0 $0 $0 $0 $0 $0 $0 $0 $0 $121 CF less WC 5 Yr Run US$
-$101 $0 $0 $0 $0 $121 CF less WC 5 Yr Run US$
-$0.70 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.18 CFPS - Less WC US$
-$0.69 $0.00 $0.00 $0.00 $0.00 $1.18 CFPS - Less WC US$
-$1.15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.07 CFPS 5 yr Running US$
-$0.95 $0.00 $0.00 $0.00 $0.00 $1.07 CFPS 5 yr Running US$
-$65 $0 $0 $0 $0 $0 $0 $0 $0 $0 $188 Cash Flow CDN$
-$75 $0 $0 $0 $0 $188 Cash Flow CDN$
-$0.73 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.53 Cash Flow per Share CDN$
-$0.80 $0.00 $0.00 $0.00 $0.00 $1.53 Cash Flow per Share CDN$
-$1.34 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.52 CFPS 5 yr Running CDN$
-$1.03 $0.00 $0.00 $0.00 $0.00 $1.52 CFPS 5 yr Running CDN$
-$44 $0 $0 $0 $0 $0 $0 $0 $0 $0 $167 Cash Flow less WC CDN$
-$97 $0 $0 $0 $0 $167 Cash Flow less WC CDN$
-$71 $0 $0 $0 $0 $0 $0 $0 $0 $0 $159 CF less WC 5 Yr Run CDN$
-$105 $0 $0 $0 $0 $159 CF less WC 5 Yr Run CDN$
-$0.73 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.53 CFPS - Less WC CDN$
-$0.93 $0.00 $0.00 $0.00 $0.00 $1.53 CFPS - Less WC CDN$
-$1.23 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.40 CFPS 5 yr Running CDN$
-$0.98 $0.00 $0.00 $0.00 $0.00 $1.40 CFPS 5 yr Running CDN$
Accounts receivable $3.40 $6.90 $5.70 $2.30 -$15.40 $18.80 $8.2
Inventory $0.80 -$3.30 $2.40 $0.90 -$1.60 $1.60 -$1.8
Prepayments, refundable income taxes and other assets $51.50 $21.10 $20.90 $17.00 $0.40 $8.70 $3.9
Accounts payable -$8.40 -$4.10 -$8.90 -$0.20 -$0.90 -$1.20 $5.1
Accruals and other liabilities -$0.20 -$39.20 -$10.30 -$2.60 -$0.50 -$6.60 $1.1
Sum $47.10 -$18.60 $9.80 $17.40 -$18.00 $21.30 $16.5
Google --> TD 2016 $47.10 -$18.60 $9.80 $17.40 -$18 $21 $17
$0.00 $0.00 $0.00 $0.00 $0 $0 -$1
TD $47 -$19 $10 $17
$0 $0 $0 $0
OPM 28.05% 32.09% 27.37% 44.53% 19.63% 37.94% 27.62% 11.42% 20.80% 28.01% 28.0% 28.0% 28.0% 28.0% 2.31% <-Total Growth 10 OPM CDN$
Increase 18.45% 14.37% -14.69% 62.68% -55.91% 93.24% -27.19% -58.66% 82.14% 34.65% 34.6% 34.6% 34.6% 34.6% should be zero, it is a check on calculations CDN$
Diff from Ave 0.69% 0.69% 0.69% 0.69% 0.69% 0.69% 0.69% 0.69% 0.69% 0.69% 0.69% 0.69% 0.69% 0.69% 0.01 <-Median-> 10 OPM CDN$
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 28.01% 5 Yrs 28.01% Should increase or be stable. CDN$
Current Assets US$ $176.46 $149.47 $149.34 $118.73 $200.77 $561.71 $373.4 $225.6 $160.3 $164.9 $169.0 $136.3 $152.7 $112.7 Liquidity ratio of 1.5 and up, best US$
Current Liabilities $86.67 $130.64 $77.47 $61.36 $192.45 $535.47 $389.4 $123.7 $92.3 $150.9 $132.9 $115.9 $122.9 $120.2 1.21 <-Median-> 10 Ratio US$
Liquidity Ratio 2.04 1.14 1.93 1.93 1.04 1.05 0.96 1.82 1.74 1.09 1.27 1.18 1.24 0.94 1.24 <-Median-> 5 Ratio US$
Curr Portion Lg T. Debt $121.20 $216.20 $39.20 $15.80 $15.80 $99.50 $68.10 $68.10 $78.50
Liquidity Ratio 1.36 2.16 2.67 2.10 1.22 5.06 2.85 2.79 2.70 2.79 <-Median-> 5 Ratio US$
Assets US$ $1,081.8 $1,151.6 $1,037.6 $1,013.0 $3,248.4 $4,002.7 $3,395.0 $2,916.6 $1,717.1 $1,456.8 $1,158.8 $1,024.5 $935.6 $882.0 Debt Ratio of 1.5 and up, best US$
Liabilities $968.1 $956.7 $557.9 $579.6 $2,132.6 $2,816.3 $2,299.0 $2,100.1 $1,281.9 $1,170.9 $962.0 $832.1 $797.9 $748.0 1.36 <-Median-> 10 Ratio US$
Debt Ratio 1.12 1.20 1.86 1.75 1.52 1.42 1.48 1.39 1.34 1.24 1.20 1.23 1.17 1.18 1.23 <-Median-> 5 Ratio US$
Total Equity US$ $113.78 $194.94 $479.68 $433.38 $1,115.8 $1,186.3 $1,096.0 $816.5 $435.2 $285.9 $196.8 $192.4 $137.7 $134.0 -71.29% <-Total Growth 10 Total Equity US$
Non-Cont. Int US$ $3.51 $3.03 $235.38 $266.40 $239.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -100.00% <-Total Growth 9 Non-Cont. Int  US$
Preferred Shares US$ $221.30 $221.30 $221.30 $221.30 $221.30 $221.3 $215.2 $199.3 $182.7 $168.8 -17.44% <-Total Growth 8 Preferred Shares US$
Book Value US$ $113.78 $194.94 $479.68 $429.87 $891.5 $729.6 $608.3 $356.2 $213.9 $64.6 -$18.4 -$6.9 -$45.0 -$34.8 -$34.8 -$34.8 -109.38% <-Total Growth 10 Book Value US$
Book Value per share $1.85 $3.20 $7.94 $6.40 $7.85 $6.11 $5.06 $2.94 $1.75 $0.56 -$0.16 -$0.06 -$0.41 -$0.32 -$0.32 -$0.32 -105.20% <-Total Growth 10 Book Value per Share US$
Change -30.37% 72.82% 148.26% -19.35% 22.60% -22.21% -17.15% -41.99% -40.36% -67.81% -128.33% 60.12% -548.83% 22.67% 0.00% 0.00% -714.22% P/B Ratio Current/10 Year Median US$
P/B Ratio (Median) #NUM! P/B Ratio Historical Median US$
P/B Ratio (Close) 5.72 3.01 1.51 2.30 1.82 1.87 0.69 0.92 1.13 4.44 -14.71 -34.07 -5.66 -6.29 -6.29 -7.85 #NUM! <-IRR #YR-> 10 Book Value per Share -105.20% US$
Change 15.52% -47.44% -49.70% 52.45% -20.98% 2.75% -63.25% 34.23% 21.88% 294.23% -431.76% -131.56% 83.38% -11.07% 0.00% -24.88% #NUM! <-IRR #YR-> 5 Book Value per Share -114.07% US$
Leverage (A/BK) 9.51 5.91 2.16 2.36 3.64 5.49 5.58 8.19 8.03 22.55 -62.98 -148.48 -20.79 -25.34 4.56 <-Median-> 10 A/BV US$
Debt/Equity Ratio 8.51 4.91 1.16 1.35 2.39 3.86 3.78 5.90 5.99 18.13 -52.28 -120.59 -17.73 -21.49 3.09 <-Median-> 10 Debt/Eq Ratio US$
Book Value is Asset less Liabilities CP/BV 10 yr Med 1.02 5 yr Med -5.66 -714.22% Diff M/C 5.74 Historical 16 A/BV US$
-$7.94 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -$0.41
-$2.94 $0.00 $0.00 $0.00 $0.00 -$0.41
Current Assets CDN$ $174.36 $183.03 $156.30 $118.09 $204.18 $558.84 $397.1 $261.7 $222.0 $221.4 $212.0 $185.9 $198.3 $153.2 Liquidity ratio of 1.5 and up, best CDN$
Current Liabilities $85.64 $159.98 $81.08 $61.03 $195.73 $532.74 $414.2 $143.5 $127.8 $202.6 $166.7 $158.1 $159.6 $163.4 1.21 <-Median-> 10 Ratio CDN$
Liquidity 2.04 1.14 1.93 1.93 1.04 1.05 0.96 1.82 1.74 1.09 1.27 1.18 1.24 0.94 1.24 <-Median-> 5 Ratio CDN$
Liq. with CF aft div 2.27 1.56 1.92 2.15 0.70 1.10 1.18 2.07 2.57 1.83 2.54 2.36 2.42 1.77 2.42 <-Median-> 5 Ratio CDN$
Liq. CF re  Inv+Div  1.67 0.77 1.92 0.63 0.15 0.56 1.18 2.07 2.57 1.83 2.54 2.06 2.06 1.77 2.06 <-Median-> 5 Ratio CDN$
Curr Long Term Debt $120.585 $229.950 $45.476 $21.879 $21.215 $124.823 $92.902 $88.448 $106.713
Liquidity Less CLTD 1.36 2.16 2.67 2.10 1.22 5.06 2.85 2.79 2.70 2.79 <-Median-> 5 Ratio CDN$
Liq. with CF aft div 1.43 2.65 3.03 3.10 2.05 10.13 5.73 5.43 5.11 5.43 <-Median-> 5 Ratio CDN$
Assets CDN$ $1,069.0 $1,410.2 $1,085.9 $1,007.5 $3,303.7 $3,982.2 $3,610.9 $3,383.5 $2,377.7 $1,956.0 $1,453.7 $1,397.6 $1,215.2 $1,199.0 Debt Ratio of 1.5 and up, best CDN$
Liabilities $956.6 $1,171.5 $583.9 $576.5 $2,168.9 $2,802.0 $2,445.2 $2,436.3 $1,775.1 $1,572.2 $1,206.8 $1,135.2 $1,036.3 $1,016.8 1.36 <-Median-> 10 Ratio CDN$
Debt Ratio 1.12 1.20 1.86 1.75 1.52 1.42 1.48 1.39 1.34 1.24 1.20 1.23 1.17 1.18 1.23 <-Median-> 5 Ratio CDN$
Total Equity CDN$ $112.42 $238.72 $502.04 $431.04 $1,134.7 $1,180.3 $1,165.7 $947.2 $602.6 $383.9 $246.9 $262.5 $178.8 $182.2 -64.38% <-Total Growth 10 Total Equity CDN$
Non-Cont. Int CDN$ $3.49 $3.08 $234.18 $283.3 $277.3 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 -100.00% <-Total Growth 9 Non-Cont. Int  CDN$
Preferred Shares CDN$ $225.07 $220.18 $235.4 $256.7 $306.4 $297.1 $270.0 $271.9 $237.3 $229.5 -22.57% <-Total Growth 8 Preferred Shares CDN$
Book Value CDN$ $112.42 $238.72 $502.04 $427.55 $906.6 $725.9 $647.0 $413.2 $296.2 $86.7 -$23.1 -$9.4 -$58.4 -$47.3 -$47.3 -$47.3 -111.64% <-Total Growth 10 Book Value CDN$
Book Value per share $1.83 $3.92 $8.31 $6.37 $7.99 $6.08 $5.38 $3.41 $2.42 $0.76 -$0.20 -$0.09 -$0.54 -$0.43 -$0.43 -$0.43 -106.46% <-Total Growth 10 Book Value per Share CDN$
Change -40.96% 114.19% 112.17% -23.36% 25.37% -23.90% -11.43% -36.72% -28.81% -68.79% -126.47% 56.63% -517.73% 19.06% 0.00% 0.00% -549.69% P/B Ratio Current/10 Year Median CDN$
P/B Ratio (Median) 5.99 2.18 1.19 2.07 1.79 2.12 1.50 0.96 1.29 3.94 -16.30 -30.62 -6.28 -6.69 1.93 P/B Ratio Historical Median CDN$
P/B Ratio (Close) 5.86 2.00 1.38 2.31 1.82 1.86 0.69 0.92 1.13 4.47 -14.92 -34.07 -5.63 -6.28 -6.28 -7.85 #NUM! <-IRR #YR-> 10 Book Value per Share -106.46% CDN$
Change 60.67% -65.78% -31.13% 67.10% -21.16% 2.53% -63.03% 34.18% 22.18% 295.22% -434.17% -128.29% 83.48% -11.68% 0.00% -24.99% #NUM! <-IRR #YR-> 5 Book Value per Share -115.76% CDN$
Leverage (A/BK) 9.51 5.91 2.16 2.36 3.64 5.49 5.58 8.19 8.03 22.55 -62.98 -148.48 -20.79 -25.34 4.56 <-Median-> 10 A/BV CDN$
Debt/Equity Ratio 8.51 4.91 1.16 1.35 2.39 3.86 3.78 5.90 5.99 18.13 -52.28 -120.59 -17.73 -21.49 3.09 <-Median-> 10 Debt/Eq Ratio CDN$
Book Value is Asset less Liabilities P/BV 10 yr Med 1.40 5 yr Med -6.28 -549.69% Diff M/C 5.74 Historical 16 A/BV CDN$
-$8.31 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -$0.54
-$3.41 $0.00 $0.00 $0.00 $0.00 -$0.54
$19.2 <-12 mths -3.03%
Comprehensive Income US$ -$41.00 -$85.70 -$55.60 -$228.10 -$133.40 -$123.1 -$79.3 $25.4 -$37.1
NCI or Preferred $2.80 $12.50 $9.20 -$4.80 $2.20 $8.5 $5.6 $5.6 $5.6
Shareholders US$ -$149.205 $107.484 -$15.927 -$2.638 -$43.80 -$98.20 -$64.80 -$223.30 -$135.60 -$131.6 -$84.9 $19.8 -$42.7 -168.10% <-Total Growth 10 Comprehensive Income US$
Increase -6096.22% 172.04% -114.82% 83.44% -1560% -124.20% 34.01% -244.60% 39.27% 2.95% 35.49% 123.32% -315.66% 35.49% <-Median-> 5 Comprehensive Income US$
5 Yr Running Average -$12.5 -$20.8 -$10.6 -$45.1 -$86.5 -$113.1 -$130.7 -$128.0 -$111.1 -$75.0 10.36% <-IRR #YR-> 10 Comprehensive Income -168.10% US$
ROE US$ -131.1% 55.1% -3.3% -0.6% -3.9% -8.3% -5.9% -27.3% -31.2% -46.0% -43.1% 10.3% -31.0% -28.17% <-IRR #YR-> 5 Comprehensive Income 80.88% US$
5Yr Median -1.5% -3.3% -3.3% -3.9% -5.9% -8.3% -27.3% -31.2% -31.2% -31.2% 21.99% <-IRR #YR-> 9 5 Yr Running Average -498.14% US$
% Difference from NI 0.0% -2.9% -12.8% -30.3% -8.9% -46.5% 9.0% -45.1% -62.4% -75.7% -108.1% -102.3% -132.8% -2.82% <-IRR #YR-> 5 5 Yr Running Average 13.34% US$
Median Values Diff 5, 10 yr -54.4% -102.3% -31.2% <-Median-> 5 Return on Equity US$
$15.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 -$42.7
$223.3 $0.0 $0.0 $0.0 $0.0 -$42.7
$12.5 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 -$75.0
$86.5 $0.0 $0.0 $0.0 $0.0 -$75.0
Current Liability Coverage Ratio 0.91 0.73 0.54 1.33 0.35 0.31 0.27 0.68 0.84 0.63 1.41 1.00 1.04 0.83   CFO / Current Liabilities US$
5 year Median 0.44 0.54 0.73 0.73 0.54 0.35 0.35 0.35 0.63 0.68 0.84 1.00 1.00 75.8% <-Median-> 10 Current Liability Cov Ratio US$
Asset Efficiency Ratio 7.26% 8.26% 4.07% 8.07% 2.10% 4.11% 3.10% 2.87% 4.52% 6.48% 16.15% 11.34% 13.70% 11.36% CFO / Total Assets US$
5 year Median 5.13% 5.13% 7.26% 7.26% 4.11% 4.07% 3.10% 3.10% 4.11% 4.52% 6.48% 11.34% 11.36% 5.5% <-Median-> 10 Return on Assets  US$
Return on Assets ROA -13.8% 9.6% -1.8% -0.4% -1.2% -2.8% -1.0% -6.1% -10.3% -8.4% -8.5% 3.0% -4.6% 4.8% Net  Income/Assets Return on Assets US$
5Yr Median -3.7% -3.7% -1.8% -1.2% -1.2% -1.2% -1.2% -2.8% -6.1% -8.4% -8.4% -8.4% -4.6% -3.7% <-Median-> 10 Asset Efficiency Ratio US$
Return on Equity ROE -131.1% 56.8% -3.8% -0.9% -4.3% -15.5% -5.4% -49.8% -82.9% -189.5% 535.9% -452.2% 94.7% -121.0% Net Inc/ Shareholders' equity Return on Equity US$
5Yr Median -29.6% -29.6% -3.8% -3.8% -3.8% -4.3% -5.4% -15.5% -49.8% -49.8% -82.9% -82.9% -121.0% -10.4% <-Median-> 10 Return on Equity US$
$62.7 <-12 mths 48.93%
Net Income US$ -$3.86 -$35.64 -$100.30 -$23.80 -$182.20 -$182.20 -$113.90 -$93.00 $36.80 -$43.80
NCI -$0.10 -$0.48 -$0.60 -$3.40 -$16.40 -$16.40 $0.00 $0.00 $0.00 $0.00
Preferred shares dividends $0.00 $3.25 $13.10 $12.60 $11.60 $11.60 $8.50 $5.60 $5.60 -$1.20
Net Income US$ -$149.21 $110.69 -$18.27 -$3.75 -$38.41 -$112.80 -$33.00 -$177.40 -$177.40 -$122.40 -$98.60 $31.20 -$42.60 $42.1 $23.4 -133.13% <-Total Growth 10 Net Income US$
Increase 180.25% -174.19% -117% -79.47% 923.67% 193.69% -70.74% 437.58% 0.00% -31.00% -19.44% -131.64% -236.54% -198.83% -44.42% EPS/CF Ratio should not be higher than 1.00 US$
5 Yr Running Average -$29.37 -$28.77 -$22.76 -$19.79 -$12.51 -$41.2 -$73.1 -$107.8 -$124.6 -$121.8 -$108.9 -$82.0 -$38.1 -$8.9 -8.83% <-IRR #YR-> 10 Net Income -133.13% US$
Operating Cash Flow $85.90 $107.24 $62.49 $86.95 $55.94 $167.08 $152.4 $65.0 $87.4 $111.8 $169.2 $137.5 $144.7 24.82% <-IRR #YR-> 5 Net Income 75.99% US$
Investment Cash Flow -$31.22 -$135.60 $23.07 -$147.00 -$682.01 -$523.75 $147.1 $68.7 $320.9 -$0.5 $2.8 -$17.0 -$21.7 -11.04% <-IRR #YR-> 10 5 Yr Running Ave. -555.21% US$
Total Accruals -$203.89 $139.04 -$103.84 $56.29 $587.67 $243.87 -$332.5 -$311.1 -$585.7 -$233.7 -$270.6 -$89.3 -$165.6 -2.32% <-IRR #YR-> 5 5 Yr Running Ave. -12.16% US$
Total Assets $1,081.8 $1,151.6 $1,037.6 $1,013.0 $3,248.4 $4,002.7 $3,395.0 $2,916.6 $1,717.1 $1,456.8 $1,158.8 $1,024.5 $935.6 Balance Sheet Assets US$
Accruals Ratio -18.85% 12.07% -10.01% 5.56% 18.09% 6.09% -9.79% -10.67% -34.11% -16.04% -23.35% -8.72% -17.70% -17.70% <-Median-> 5 Ratio US$
$18 $0 $0 $0 $0 $0 $0 $0 $0 $0 -$43
$177 $0 $0 $0 $0 -$43
$29 $0 $0 $0 $0 $0 $0 $0 $0 $0 -$82
$73 $0 $0 $0 $0 -$82
Financial Cash Flow US$ -$67.32 $22.44 -$73.63 $55.69 $641.23 $362.68 -$207.60 -$182.40 -$445.80 -$98.10 -$178.90 -$135.00 $110.80 C F Statement  Fin. C. F US$
Total Accruals -$136.57 $116.61 -$30.21 $0.60 -$53.56 -$118.81 -$124.90 -$128.70 -$139.90 -$135.60 -$91.70 $45.70 -$276.40 Accruals US$
Accruals Ratio -12.62% 10.13% -2.91% 0.06% -1.65% -2.97% -3.68% -4.41% -8.15% -9.31% -7.91% 4.46% -29.54% -8.15% <-Median-> 5 Ratio US$
$24.9 <-12 mths -7.68%
Comprehensive Income CDN$ -$41.70 -$85.26 -$59.14 -$264.62 -$184.7 -$165.3 -$99.5 $34.7 -$48.2
NCI $2.85 $12.44 $9.79 -$5.57 $3.0 $11.4 $7.0 $7.6 $7.3
Shareholders CDN -$147.429 $131.625 -$16.669 -$2.624 -$44.54 -$97.70 -$68.92 -$259.05 -$187.8 -$176.7 -$106.5 $27.0 -$55.5 -232.70% <-Total Growth 10 Comprehensive Income CDN$
Increase -5154.00% 189.28% -112.66% 84.26% -1598% -119.33% 29.46% -275.86% 27.52% 5.90% 39.72% 125.36% -305.32% 27.52% <-Median-> 5 Comprehensive Income CDN$
5 Yr Running Average -$7.6 -$15.9 -$6.0 -$46.1 -$94.6 -$131.6 -$158.0 -$159.8 -$140.6 -$99.9 12.77% <-IRR #YR-> 10 Comprehensive Income -232.70% CDN$
ROE CDN$ -131.1% 55.1% -3.3% -0.6% -3.9% -8.3% -5.9% -27.3% -31.2% -46.0% -43.1% 10.3% -31.0% -26.53% <-IRR #YR-> 5 Comprehensive Income 78.59% CDN$
5Yr Median -1.5% -3.3% -3.3% -3.9% -5.9% -8.3% -27.3% -31.2% -31.2% -31.2% 33.17% <-IRR #YR-> 9 5 Yr Running Average -1217.62% CDN$
% Difference from NI 0.0% -2.9% -12.8% -30.3% -8.9% -46.5% 9.0% -45.1% -62.4% -75.7% -108.1% -102.3% -132.8% 1.10% <-IRR #YR-> 5 5 Yr Running Average -5.62% CDN$
Median Values Diff 5, 10 yr -54.4% -102.3% -31.2% <-Median-> 5 Return on Equity CDN$
$16.7 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 -$55.5
$259.1 $0.0 $0.0 $0.0 $0.0 -$55.5
$7.6 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 -$99.9
$94.6 $0.0 $0.0 $0.0 $0.0 -$99.9
Current Liability Coverage Ratio 0.91 0.73 0.54 1.33 0.35 0.31 0.27 0.68 0.84 0.63 1.41 1.00 1.04 0.83   CFO / Current Liabilities CDN$
5 year Median 0.44 0.54 0.73 0.73 0.54 0.35 0.35 0.35 0.63 0.68 0.84 1.00 1.00 75.8% <-Median-> 10 Current Liability Cov Ratio CDN$
Asset Efficiency Ratio 7.26% 8.26% 4.07% 8.07% 2.10% 4.11% 3.10% 2.87% 4.52% 6.48% 16.15% 11.34% 13.70% 11.36% CFO / Total Assets CDN$
5 year Median 5.13% 5.13% 7.26% 7.26% 4.11% 4.07% 3.10% 3.10% 4.11% 4.52% 6.48% 11.34% 11.36% 5.5% <-Median-> 10 Return on Assets  CDN$
Return on Assets ROA -13.8% 9.6% -1.8% -0.4% -1.2% -2.8% -1.0% -6.1% -10.3% -8.4% -8.5% 3.0% -4.6% 4.8% Net  Income/Assets Return on Assets CDN$
5Yr Median -3.7% -3.7% -1.8% -1.2% -1.2% -1.2% -1.2% -2.8% -6.1% -8.4% -8.4% -8.4% -4.6% -3.7% <-Median-> 10 Asset Efficiency Ratio CDN$
Return on Equity ROE -131.1% 56.8% -3.8% -0.9% -4.3% -15.5% -5.4% -49.8% -82.9% -189.5% 535.9% -452.2% 94.7% -121.0% Net Inc/ Shareholders' equity Return on Equity CDN$
5Yr Median -29.6% -29.6% -3.8% -3.8% -3.8% -4.3% -5.4% -15.5% -49.8% -49.8% -82.9% -82.9% -121.0% -10.4% <-Median-> 10 Return on Equity CDN$
$85.2 <-12 mths 254.05%
Net Income CDN$ -$3.83 -$36.25 -$99.79 -$25.3 -$211.4 -$252.3 -$152.9 -$116.7 $50.2 -$56.9
NCI -$0.10 -$0.49 -$0.60 -$3.6 -$19.0 -$22.7 $0.0 $0.0 $0.0 $0.0
Preferred shares dividends $0.00 $3.30 $13.03 $13.4 $13.5 $16.1 $11.4 $7.0 $7.6 -$1.6
Net Income CDN$ -$147.43 $135.55 -$19.12 -$3.73 -$39.06 -$112.22 -$35.1 -$205.8 -$245.7 -$164.3 -$123.7 $42.6 -$55.3 $57.2 $31.8 -189.31% <-Total Growth 10 Net Income note: chged CDN$
Increase 137.63% -191.94% -114.11% -80.49% 946.72% 187.31% -68.72% 486.35% 19.36% -33.10% -24.74% -134.41% -229.99% -203.44% -44.42% EPS/CF Ratio should not be higher than 1.00 For IRR to CDN$
5 Yr Running Average -$27.79 -$26.50 -$19.36 -$14.76 -$7.72 -$41.8 -$79.2 -$127.6 -$152.6 -$154.9 -$139.4 -$109.3 -$48.7 -$9.5 -11.21% <-IRR #YR-> 10 Net Income -189.31% CDN$
Operating Cash Flow $84.88 $131.33 $65.40 $86.48 $56.89 $166.23 $162.1 $75.4 $121.0 $150.1 $212.3 $187.6 $187.9 23.10% <-IRR #YR-> 5 Net Income 73.12% CDN$
Investment Cash Flow -$30.84 -$166.05 $24.15 -$146.20 -$693.60 -$521.08 $156.5 $79.7 $444.4 -$0.7 $3.5 -$23.2 -$28.2 -15.22% <-IRR #YR-> 10 5 Yr Running Ave. -1315.94% CDN$
Total Accruals -$201.46 $170.27 -$108.67 $55.99 $597.66 $242.63 -$353.6 -$360.9 -$811.0 -$313.8 -$339.5 -$121.8 -$215.1 -6.66% <-IRR #YR-> 5 5 Yr Running Ave. -38.02% CDN$
Total Assets $1,069.0 $1,410.2 $1,085.9 $1,007.5 $3,303.7 $3,982.2 $3,610.9 $3,383.5 $2,377.7 $1,956.0 $1,453.7 $1,397.6 $1,215.2 Balance Sheet Assets CDN$
Accruals Ratio -18.85% 12.07% -10.01% 5.56% 18.09% 6.09% -9.79% -10.67% -34.11% -16.04% -23.35% -8.72% -17.70% -17.70% <-Median-> 5 Ratio CDN$
EPS/CF Ratio -1.90 1.07 -0.43 -0.05 -0.83 -0.70 -0.32 -2.13 -0.80 -1.24 -0.53 0.27 -0.33 -0.62 <-Median-> 10 EPS/CF Ratio CDN$
$19 $0 $0 $0 $0 $0 $0 $0 $0 $0 -$55
$206 $0 $0 $0 $0 -$55
$27 $0 $0 $0 $0 $0 $0 $0 $0 $0 -$109
$79 $0 $0 $0 $0 -$109
Change in Close -5.14% -26.70% 46.11% 28.07% -1.16% -21.97% -67.26% -15.09% -13.02% 23.36% -11.54% -1.00% 2.03% -9.60% 0.00% 24.99% Count 17 Years of data CDN$
up/down up down up down down down up up up up up up up Count 15 88.24% CDN$
Meet Prediction? yes yes yes Yes % right Count 6 40.00% CDN$
Financial Cash Flow CDN$ -$66.52 $27.47 -$77.06 $55.39 $652.13 $360.83 -$220.80 -$211.60 -$617.32 -$131.72 -$224.43 -$184.17 $143.91 C F Statement  Fin. C. F CDN$
Total Accruals -$134.94 $142.80 -$31.62 $0.60 -$54.47 -$118.21 -$132.84 -$149.30 -$193.73 -$182.07 -$115.04 $62.34 -$358.99 Accruals CDN$
Accruals Ratio -12.62% 10.13% -2.91% 0.06% -1.65% -2.97% -3.68% -4.41% -8.15% -9.31% -7.91% 4.46% -29.54% -8.15% <-Median-> 5 Ratio CDN$
Cash US$ $49.85 $45.50 $60.65 $60.19 $158.6 $109.9 $72.4 $85.6 $78.7 $70.4 $70.4 $48.3 Cash US$
Cash CDN$ $52.17 $45.25 $61.68 $59.88 $168.7 $127.5 $100.3 $114.9 $98.7 $96.0 $91.4 $65.7 Cash CDN$
Cash per Share $0.86 $0.67 $0.54 $0.50 $1.40 $1.05 $0.82 $1.00 $0.86 $0.89 $0.84 $0.60 $0.86 <-Median-> 5 Cash per Share CDN$
Percentage of Stock Price 7.53% 4.59% 3.74% 4.42% 37.83% 33.36% 29.95% 29.67% 28.66% 29.95% 27.80% 22.09% 29.67% <-Median-> 5 % of Stock Price CDN$
Total Distributable Inc $131.60 $108.80 -$55.60 -$19.80
Distributable Inc US$ $1.31 $1.48 $1.12 $1.10 $1.10 $1.16 $1.04 -$0.46 -$0.16 -100.00% <-Total Growth 6 Distributable Income US$
Increase 4.92% 13.21% -24.22% -2.15% 0.37% 5.08% -9.84% -143.97% 64.63% #NUM! <-IRR #YR-> 6 Distributable Income -100.00% US$
DI Yield 12.34% 15.38% 9.33% 7.42% 7.69% 10.11% 29.95% -16.91% -8.23% #NUM! <-IRR #YR-> 1 Distributable Income 100.00% US$
5 year Running Average $1.08 $1.28 $1.25 $1.22 $1.19 $1.10 $0.79 $0.54 #NUM! <-IRR #YR-> 6 5 yr Running Average -100.00% US$
Payout Ratio 82.2% 58.8% 93.4% 100.4% 98.2% 100.0% 53.0% 53.0% 53.0% #NUM! <-IRR #YR-> 1 5 yr Running Average -100.00% US$
5 year Running Average 70.43% 74.44% 79.78% 84.74% 88.26% 89.50% 106.05% 118.01% 88.88% <-Median-> 6 Payout 5 yr Running Average
Price/DC Median #NUM! <-Median-> 0 Price/DC Median
Price/DC High #NUM! <-Median-> 0 Price/DC High
Price/DC Low #NUM! <-Median-> 0 Price/DC Low
Price/DC Close 8.11 6.50 10.72 13.47 13.00 9.89 3.34 -5.91 -12.15 6.61 <-Median-> 6 Price/DC Close
Trailing P/DC Close 8.50 7.36 8.12 13.18 13.05 10.39 3.01 0.02 -0.04 6.70 <-Median-> 6 Trailing P/DC Close
Distributable Income per share US$ to Free Cash Flow Payout R. 10 Yrs 77.01% 5Yrs 53.00% #NUM! Diff M/C 10 DPR 75% to 95% best
Earnings Call Presentation
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -$0.16
-$1.10 $0.00 $0.00 $0.00 $0.00 -$0.16
-$1.08 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.54
-$1.25 $0.00 $0.00 $0.00 $0.00 $0.54
Distributable Inc CDN$ $1.29 $1.81 $1.28 $1.09 $1.12 $1.15 $1.11 -$0.53 -$0.22 -100.00% <-Total Growth 6 Distributable Income CDN$
Increase -11.03% 40.31% -29.28% -14.84% 2.63% 2.79% -3.61% -147.96% 57.78% #NUM! <-IRR #YR-> 6 Distributable Income -100.00% CDN$
Yield 12.0% 23.1% 11.2% 7.4% 7.7% 10.1% 29.9% -16.9% -8.2% #NUM! <-IRR #YR-> 1 Distributable Income 100.00% CDN$
5 year Running Average $1.24 $1.46 $1.38 $1.32 $1.29 $1.15 $0.79 $0.52 #NUM! <-IRR #YR-> 6 5 yr Running Average -100.00% CDN$
Payout Ratio 82.23% 58.76% 85.50% 100.40% 98.24% 100.00% 53.00% -62.07% -53.46% #NUM! <-IRR #YR-> 1 5 yr Running Average -100.00% CDN$
5 year Running Average -17.99% -10.15% -11.39% -18.79% 3.07% -37.32% -89.86% -159.59% -28.06% <-Median-> 6 Payout 5 yr Running Average CDN$
Price/DI Median 8.49 4.72 7.73 12.11 12.76 11.23 7.29 -6.18 -13.97 9.26 <-Median-> 6 Price/DI Median CDN$
Price/DI High 9.41 6.01 9.22 13.76 13.77 13.09 11.70 -8.24 -18.09 12.39 <-Median-> 6 Price/DI High CDN$
Price/DI Low 7.57 3.43 6.25 10.47 11.75 9.37 2.89 -4.12 -9.85 6.13 <-Median-> 6 Price/DI Low CDN$
Price/DI Close 8.30 4.34 8.96 13.48 12.98 9.85 3.35 -5.92 -12.21 6.60 <-Median-> 6 Price/DI Close CDN$
Trailing P/DI Close 7.39 6.09 6.34 11.48 13.32 10.13 3.23 2.84 -5.15 6.68 <-Median-> 6 Trailing P/DI Close CDN$
Median Values 5 Yrs   53.00% P/CF 5 Yrs   in order 7.29 11.70 2.89 3.35 -100.00% Diff M/C -100.00% Diff M/C 10 DPR 75% to 95% best CDN$
Distributable Income per share US$
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -$0.22
-$1.09 $0.00 $0.00 $0.00 $0.00 -$0.22
-$1.24 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.52
-$1.38 $0.00 $0.00 $0.00 $0.00 $0.52
Notes:
July 11, 2020.  Last estimates were for 2019 and 2020 of $311M and $293M US$ for Revenue, $0.31 and -$0.05 US$ for AFFO, $0.04 and -$0.07 for US$ for EPS, 
$0.87, $0.93 and $1.08 US$ for CFPS for 2019, 2020 and 2021 and $3.05M and -3.15M US$ for Net Income.
July 17, 2019.  Last estimates were for 2018 and 2019 of $317M and $328M for Revenue US$, $-0.07 and 0.20 for AFFO  US$, $-0.17 and -0.17 for EPS US$, 
$1.21 US$ for CFPS for 2018 and $-15.2 and $16.20 for Net Income US$. 
July 16, 2018.  Last estimates were for 2017 and 2018 of $456M and $381M for revenue US$, $$0.31 and $0.00 for Adjusted FFO US$, $0.11 and -$0.19 for EPS US$, 
$1.21 and 0.83 for CFPS US$ and $14.3M and $9.22M for Net Income US$
July 16, 2017.  Last estimates were for 2016 and 2017 of $445 and $465 US$ for Revenue, $-.04 and $0.01 US$ for AFFO, -$0.41 and -$0.21 US$ for EPS, $0.80 and $0.89 US$ for CFPS and -$39.8 and -$17.4 for Net Income.
July 15, 2016.. Last estimates were for 2015 and 2016 of $473M and $472M US$ for Revenue, $0.12 and $0.23 for Adjusted FFO US$, -$0.32 and -$0.15 for EPS US$, 
$0.82 and $3.78 US$ for CPFS and $-47.90 and -$34.40 for Net Income US$.
July 25, 2015.  Last estimates were for 2014 and 2015 of $546M and $543M US$, AFFO of $-.05, and $0.06 US$, -$.63 and -$.48 EPS US$, $0.74 and $0.74 for CFPS US$, -$73.3M and -$56M for Net Income US$ 
Jul 12, 2014.  Last estimates were for 2013 and 2014 of $543M and $537M US$ for Revenue, $0.63 and $0.47 for AFFO US$, $-.63 and $-.56 for EPS US$ and $1.05 and $1.00 for CFPS US$.
Mar 15, 2013.  The last estimates were for 2012 and 2013 of $675.3 and $726.6 US$ for Revenue, DI $1.08 and $1.29 US$, -$0.53 and -$0.01 for EPS US$.
They greatly revised Revenue down for 2011 and 2010 in 2012 report.  I did not change my spreadsheet.
Sept 13, 2012.  Last Estimates were for 2011 and 2012 of $198.4M and f$469.3M US$ for Revenue and $0.91 and $1.05 US$ AFFO and $.50 and $.58 US$ for EPS.
The company has sufficient operating losses to shield meaningful cash taxes for roughly five years (i.e. 2017).  It also expects cash flow until 2015 to cover distributions.
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
Started as an Income Trust (TSX-ATP.UN).  On November 17, 2009 this company changed from an Income Participating Security (IPS) to a traditional common share structure.
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.
Caisse de dépôt et placement du Québec sold their shares in this company in December 2009.
http://www.investingdaily.com/18761/atlantic-power-dividend-in-jeopardy-again/  
Atlantic Power Dividend in Jeopardy Again
By David Dittman on November 11, 2013
Sector:
Power, Utility
What should this stock accomplish?
Would I buy this company and Why.
No.  Debt too high and cannot made a profit.  Have eliminated their dividends.
Why am I following this stock. 
Because I like utility companies and in 2010, I have read two columns that recommended this particular utility company (TSX-ATP), I decided to investigate it.  
After investigating this stock, my impression is that I would not touch it with a barge-pole. However, I will talk about it and upload my spreadsheet so that you can decide for yourself.  
This company has recently converted from an income trust to a corporation.  This company is in the TSX Utility Index.  (Perhaps this is why it is recommended?)
Dividends
Dividends are paid monthly.  They are declared in one month for shareholders of record and paid in the following month. 
For example, the distribution due for June 2014 is payble to shareholders of record on June 30, 2014 and is paid on July 31, 2014.
How they make their money.
Atlantic Power Corp is an independent power producer that owns power generation assets in the United States and Canada.  It has four reportable segments: Solid Fuel, Natural Gas, 
Hydroelectric and Corporate. A vast majority of the revenues are generated from the natural gas segment.   
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.
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
Shares; '%, Value $M %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Change
Date 2012 Mar 15 2013 Jul 12 2014 Jul 25 2015 Jul 16 2016 Jul 16 2017 Jul 16 2018 Jul 17 2019 Jul 11 2020
Moore, James J. Jr 0.160 0.13% 0.350 0.31% 0.401 0.35% 0.467 0.43% 0.890 0.82% 1.102 1.01% 23.77%
CEO - Shares - Amount $0.439 $1.184 $1.198 $1.383 $2.688 $3.008
Options - percentage 0.523 0.43% 0.717 0.63% 0.946 0.82% 1.306 1.20% 0.998 0.92% 0.963 0.88% -3.46%
Options - amount $1.434 $2.423 $2.827 $3.864 $3.014 $2.630
Welch, Barry 0.283 0.24% 0.345 0.28%
CEO - Shares - Amount $1.049 $1.087
Options - percentage 0.054 0.04% 0.253 0.21%
Options - amount $0.199 $0.797
Ronan, Terrence 0.006 0.00% 0.007 0.01% 0.042 0.03% 0.121 0.11% 0.223 0.19% 0.321 0.30% 0.432 0.40% 0.551 0.51% 27.60%
CFO - Shares - Amount $0.022 $0.022 $0.114 $0.409 $0.666 $0.950 $1.304 $1.504
Options - percentage 0.009 0.01% 0.160 0.13% 0.236 0.19% 0.290 0.25% 0.304 0.26% 0.364 0.34% 0.350 0.32% 0.336 0.31% -3.77%
Options - amount $0.033 $0.505 $0.646 $0.982 $0.910 $1.077 $1.056 $0.918
Cofelice, Joseph 0.455 0.40% 0.538 0.47% 0.645 0.60% 0.754 0.69% 0.884 0.81% 17.24%
Officer - Shares - Amount $1.536 $1.607 $1.908 $2.278 $2.415
Options - percentage 0.124 0.11% 0.234 0.20% 0.331 0.31% 0.343 0.32% 0.327 0.30% -4.65%
Options - amount $0.420 $0.701 $0.978 $1.036 $0.893
Hall, Edward Childs 0.041 0.03%
Officer - Shares - Amount $0.129
Options - percentage 0.131 0.11%
Options - amount $0.412
Rapisarda, Paul Howard 0.069 0.06%
Officer - Shares - Amount $0.255
Options - percentage 0.027 0.02%
Options - amount $0.098
Duncan, Richard Foster 0.002 0.00% 0.009 0.01% 0.009 0.01% 0.009 0.01% 0.009 0.01% 0.009 0.01% 0.009 0.01% 0.009 0.01% 0.00%
Director - Shares - Amount $0.006 $0.027 $0.024 $0.029 $0.026 $0.026 $0.026 $0.024
Options - percentage 0.004 0.00% 0.031 0.03% 0.051 0.04% 0.085 0.07% 0.124 0.11% 0.159 0.15% 0.189 0.17% 0.220 0.20% 16.61%
Options - amount $0.016 $0.099 $0.139 $0.288 $0.371 $0.470 $0.569 $0.600
Howell, Kevin T.  0.190 0.17% 0.193 0.18% 1.47%
Chairman - Shares - Amt $0.574 $0.527
Options - percentage 0.122 0.11% 0.160 0.15% 31.43%
Options - amount $0.368 $0.437
Gerstein, Irving 0.020 0.02% 0.020 0.02% 0.020 0.02% 0.028 0.02% 0.431 0.40%
Chairman - Shares - Amt $0.062 $0.054 $0.067 $0.083 $1.276
Options - percentage 0.005 0.00% 0.021 0.02% 0.060 0.05% 0.093 0.08% 0.129 0.12%
Options - amount $0.016 $0.057 $0.203 $0.278 $0.380
Increase in O/S Shares 0.100 0.08% 0.600 0.49% 0.700 0.57% 0.500 0.44% 0.700 0.61% 0.900 0.83% 1.400 1.29% 0.75%
due to SO 2013 $0.371 $1.890 $1.918 $1.690 $2.093 $2.664 $4.144
Book Value $0.600 $2.300 $2.300 $1.800 $2.100 $2.700 $1.500
Insider Buying -$0.957 -$2.507 -$0.924 -$1.537 -$0.344 -$0.215
Insider Selling $0.000 $0.000 $0.000 $0.000 $0.221 $0.289
Net Insider Selling -$0.012 -$0.957 -$2.507 -$0.924 -$1.537 -$0.124 $0.073
% of Market Cap -0.003% -0.286% -0.65% -0.27% -0.48% -0.04% 0.02%
Directors 6 17% 6 8 7 6 5 5 5
Women 1 1 17% 2 25% 2 29% 1 17% 0 0% 1 20% 1 20%
Minorities 0 0% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0%
Institutions/Holdings 35.47% 172 32.11% 141 27.49% 0 0.00% 162 48.01% 157 48.19% 112 54.27% 127 60.38% 20 81.31%
Total Shares Held 35.19% 38.375 32.13% 33.172 27.34% 0.000 0.00% 58.611 51.14% 55.526 48.19% 61.034 56.33% 66.237 61.14% 88.939 81.67%
Increase/Decrease 4.67% 2.159 5.96% -0.216 -0.65% 0.000 #DIV/0! -0.494 -0.84% -0.031 -0.06% 2.464 4.21% 3.599 5.75% 2.767 3.21%
Starting No. of Shares 36.216 33.388 0.000 59.106 55.558 58.570 Nasdaq 62.638 Nasdaq 86.172 Top 20 MS
Institutions/Holdings 127 59.10%
Percentage $194.370
Total Shares Held 67.000 61.84%
Percentage $198.32
Increase/Decrease 3 Mths 3.000 4.69%
Starting No. of Shares 64.000 morningstar
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