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

Acquisition Accounting

The estimated acquisition-date fair values of assets, liabilities and non-controlling interests pertaining to business combinations as of December 31, 2015, are as follows:
 
2015 Preliminary
 
2015 Final
 
2014 Final
(In thousands)
Invenergy Wind
 
First Wind
 
Other First Wind1
 
Northern Lights
 
Integrys
 
Other
 
Mt. Signal
 
Capital Dynamics
 
Other
Renewable energy facilities in service
$
1,486,746

 
$
795,462

 
$

 
$
62,018

 
$
69,935

 
$
7,931

 
$
649,570

 
$
190,352

 
$
256,912

Construction in progress - renewable energy facilities

 

 
264,858

 

 

 
28,878

 

 

 

Accounts receivable
25,811

 
30,031

 

 
1,361

 
2,610

 

 
11,687

 
8,331

 
9,906

Intangible assets
748,300

 
123,600

 

 
39,000

 
28,966

 
12,454

 
119,767

 
74,236

 
120,624

Goodwill

 

 

 

 

 

 

 
55,874

 

Deferred income taxes

 

 

 

 

 

 

 

 

Restricted cash
31,247

 
7,240

 
60

 

 
827

 

 
22,165

 
15

 
14,720

Derivative assets
32,311

 
44,755

 

 

 

 

 

 

 

Other assets
12,070

 
5,873

 

 
11

 
234

 
200

 
12,621

 
348

 
9,552

Total assets acquired
2,336,485

 
1,006,961

 
264,918

 
102,390

 
102,572

 
49,463

 
815,810

 
329,156

 
411,714

Accounts payable, accrued expenses and other current liabilities
23,195

 
9,854

 
442

 
440

 
409

 
1,854

 
22,725

 
1,478

 
3,016

Long-term debt, including current portion
531,221

 
47,400

 
72,881

 

 
15,882

 

 
413,464

 

 
136,156

Deferred income taxes
242

 

 

 

 

 

 

 
25,129

 
927

Asset retirement obligations
47,346

 
19,890

 

 
818

 
5,730

 
509

 
4,656

 
13,073

 
17,374

Other long-term liabilities
6,004

 
18,562

 
23,237

 

 
5,786

 

 

 
12,100

 
5,242

Total liabilities assumed
608,008

 
95,706

 
96,560

 
1,258

 
27,807

 
2,363

 
440,845

 
51,780

 
162,715

Redeemable non-controlling interest
141,415

 
3,076

 

 

 

 
8,298

 

 
20,194

 
2,250

Non-controlling interest
308,000

 
96,624

 

 

 
4,045

 

 
83,310

 

 
2,000

Purchase price, net of cash acquired
$
1,279,062

 
$
811,555

 
$
168,358

 
$
101,132

 
$
70,720

 
$
38,802

 
$
291,655

 
$
257,182

 
$
244,749

————
(1)
Represents renewable energy facilities with a combined nameplate capacity of 222.6 MW acquired from SunEdison during the year ended December 31, 2015. These facilities were acquired by SunEdison from First Wind on January 29, 2015.





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