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SEC Filings
10-K
TERRAFORM POWER, INC. filed this Form 10-K on 12/05/2016
Entire Document
 



 
 
Year Ended December 31,
(In thousands)
 
2015
 
2014
Balance as of the beginning of the year
 
$
78,175

 
$
13,005

Additional obligations from renewable energy facilities achieving commercial operation
 
52,181

 
34,414

Assumed through acquisition
 
74,293

 
29,450

Acquisition accounting adjustments related to prior year acquisitions
 
5,640

 

Accretion expense
 
7,209

 
2,109

Currency translation adjustment
 
(2,352
)
 
(803
)
Balance as of the end of the year
 
$
215,146

 
$
78,175


The Company does not have any assets that are legally restricted for the purpose of settling the Company's asset retirement obligations as of December 31, 2015 and 2014.

7. GOODWILL

The changes in the carrying amount of goodwill for the year ended December 31, 2015, is presented in the table below:

(In thousands)
 
Distributed Generation reporting unit
Balance as of December 31, 2014
 
$

Goodwill acquired
 
55,874

Balance as of December 31, 2015
 
$
55,874


The Company completed its annual impairment test of the carrying value of its goodwill as of December 1, 2015 and concluded there was no impairment.



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