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SEC Filings
10-K
TERRAFORM POWER, INC. filed this Form 10-K on 07/21/2017
Entire Document
 

TERRAFORM POWER, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
(In thousands)
(CONTINUED)



 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-controlling Interests
 
 
 
Class A Common Stock Issued
 
Class B Common Stock Issued
 
Class B1 Common Stock Issued
 
Additional Paid-in Capital
 
Accumulated Deficit
 
Accumulated Other Comprehensive (Loss) Income
 
Common Stock Held in Treasury
 
 
 
 
 
Accumulated Deficit
 
Accumulated Other Comprehensive Loss
 
 
 
Total Equity
 
Shares
 
Amount
 
Shares
 
Amount
 
Shares
 
Amount
 
 
 
 
Shares
 
Amount
 
Total
 
Capital
 
 
 
Total
 
Balance as of December 31, 2014
42,218

 
$
387

 
64,526

 
$
645

 
5,840

 
$
58

 
$
498,256

 
$
(26,317
)
 
$
(1,637
)
 

 
$

 
$
471,392

 
$
1,092,809

 
$
(44,451
)
 
$
(3,829
)
 
$
1,044,529

 
$
1,515,921

Issuance of Class A common stock, net of issuance costs
31,912

 
318

 
(4,162
)
 
(41
)
 

 

 
921,333

 

 

 

 

 
921,610

 

 

 

 

 
921,610

Riverstone exchange
5,840

 
58

 

 

 
(5,840
)
 
(58
)
 

 

 

 

 

 

 

 

 

 

 

Stock-based compensation
(236
)
 
21

 

 

 

 

 
22,622

 

 

 
(122
)
 
(2,436
)
 
20,207

 

 

 

 

 
20,207

Net loss¹

 

 

 

 

 

 

 
(79,886
)
 

 

 

 
(79,886
)
 

 
(138,371
)
 

 
(138,371
)
 
(218,257
)
Pre-acquisition net income of renewable energy facilities acquired from SunEdison

 

 

 

 

 

 

 
1,610

 

 

 

 
1,610

 

 

 

 

 
1,610

Dividends

 

 

 

 

 

 
(88,705
)
 

 

 

 

 
(88,705
)
 

 

 

 

 
(88,705
)
Consolidation of non-controlling interests in acquired renewable energy facilities

 

 

 

 

 

 

 

 

 

 

 

 
413,014

 

 

 
413,014

 
413,014

Repurchase of non-controlling interest in renewable energy facility

 

 

 

 

 

 

 

 

 

 

 

 
(54,694
)
 

 

 
(54,694
)
 
(54,694
)
Net SunEdison investment

 

 

 

 

 

 
84,288

 

 

 

 

 
84,288

 
69,113

 

 

 
69,113

 
153,401

Other comprehensive loss

 

 

 

 

 

 

 

 
(15,479
)
 

 

 
(15,479
)
 

 

 
(11,407
)
 
(11,407
)
 
(26,886
)
Pre-acquisition other comprehensive income of renewable energy facilities acquired from SunEdison

 

 

 

 

 

 

 

 
40,016

 

 

 
40,016

 

 

 

 

 
40,016

Sale of membership interests in renewable energy facilities

 

 

 

 

 

 

 

 

 

 

 

 
346,704

 

 

 
346,704

 
346,704

Distributions to non-controlling interests

 

 

 

 

 

 

 

 

 

 

 

 
(83,672
)
 

 

 
(83,672
)
 
(83,672
)
Equity reallocation

 

 

 

 

 

 
(170,310
)
 

 

 

 

 
(170,310
)
 
170,310

 

 

 
170,310

 

Balance as of December 31, 2015
79,734

 
$
784

 
60,364

 
$
604

 

 
$

 
$
1,267,484

 
$
(104,593
)
 
$
22,900

 
(122
)
 
$
(2,436
)
 
$
1,184,743

 
$
1,953,584

 
$
(182,822
)
 
$
(15,236
)
 
$
1,755,526

 
$
2,940,269

SunEdison exchange
12,162

 
122

 
(12,162
)
 
(122
)
 

 

 
181,045

 

 

 

 

 
181,045

 
(181,045
)
 

 

 
(181,045
)
 

Stock-based compensation
581

 
14

 

 

 

 

 
6,729

 

 

 
(132
)
 
(1,589
)
 
5,154

 

 

 

 

 
5,154

Net loss2

 

 

 

 

 

 

 
(129,847
)
 

 

 

 
(129,847
)
 

 
(130,025
)
 

 
(130,025
)
 
(259,872
)
Acquisition accounting adjustment to non-controlling interest in acquired renewable energy facility

 

 

 

 

 

 

 

 

 

 

 

 
8,000

 

 

 
8,000

 
8,000

Repurchase of non-controlling interest in renewable energy facility

 

 

 

 

 

 

 

 

 

 

 

 
(486
)
 

 

 
(486
)
 
(486
)
Net SunEdison investment

 

 

 

 

 

 
16,372

 

 

 

 

 
16,372

 
9,028

 

 

 
9,028

 
25,400

Other comprehensive income

 

 

 

 

 

 

 

 
12

 

 

 
12

 

 

 
830

 
830

 
842

Sale of membership interests in renewable energy facilities

 

 

 

 

 

 

 

 

 

 

 

 
15,674

 

 

 
15,674

 
15,674

Distributions to non-controlling interests in renewable energy facilities

 

 

 

 

 

 

 

 

 

 

 

 
(13,020
)
 

 

 
(13,020
)
 
(13,020
)
Accretion of redeemable non-controlling interest

 

 

 

 

 

 
(3,962
)
 

 

 

 

 
(3,962
)
 

 

 

 

 
(3,962
)
Equity reallocation

 

 

 

 

 

 
(560
)
 

 

 

 

 
(560
)
 
560

 

 

 
560

 

Balance as of December 31, 2016
92,477

 
$
920

 
48,202

 
$
482

 

 
$

 
$
1,467,108

 
$
(234,440
)
 
$
22,912

 
(254
)
 
$
(4,025
)
 
$
1,252,957

 
$
1,792,295

 
$
(312,847
)
 
$
(14,406
)
 
$
1,465,042

 
$
2,717,999

———
(1)
Excludes $8,512 of net income attributable to redeemable non-controlling interests.
(2)
Excludes $18,365 of net income attributable to redeemable non-controlling interests.


See accompanying notes to consolidated financial statements.

144