MANAGEMENT’S DISCUSSION AND ANALYSIS In 2013, Capstone achieved Adjusted EBITDA of $128.4 million, which was at the  high end of our forecasted range and reflected strong operations across our businesses as well as three months of contribution from our new wind power facilities. Financial Highlights (1) Net income (loss) and earnings (loss) per share have been restated for changes required by IFRS to implement IAS 19 – Employee Benefi ts.  This change, which became effective, retroactively, January 1, 2013, is described in note 2 of the consolidated financial statements for  the year ended December 31, 2013. 2013 ANNUAL REPORT  19 As at and for the year ended December 31 2013 2012 2011 Revenue 389,503 357,610 215,967 Net income (loss) (1) 67,210 45,971 (2,837) Earnings (loss) per share (1)  Basic  0.462 0.315 (0.102)  Diluted  0.425 0.315 (0.103) AFFO per share  0.493 0.473 0.541 Cash dividends per share   Common  0.300 0.450 0.660  Preferred  1.250 1.250 0.421 Total assets  2,025,724 1,626,858 1,668,229 Total long-term liabilities  1,219,507 988,048 899,282 Total liabilities  1,357,561 1,116,400 1,220,259