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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 CASH FLOWS
(In thousands)

 
Year Ended December 31,
2016
 
2015
 
2014
Cash flows from operating activities:
 
 
 
 
 
Net loss
$
(241,507
)
 
$
(208,135
)
 
$
(81,923
)
Adjustments to reconcile net loss to net cash provided by operating activities:
 
 
 
 
 
Depreciation, accretion and amortization expense
243,365

 
161,310

 
41,280

Amortization of favorable and unfavorable rate revenue contracts, net
40,219

 
5,304

 
4,190

Goodwill impairment
55,874

 

 

Impairment of renewable energy facilities
18,951

 

 

Amortization of deferred financing costs and debt discounts
24,160

 
27,028

 
25,793

Unrealized loss on U.K. interest rate swaps
24,209

 

 

Unrealized loss on commodity contract derivatives, net
11,773

 
1,413

 

Recognition of deferred revenue
(16,527
)
 
(9,909
)
 
(258
)
Stock-based compensation expense
6,059

 
13,125

 
5,787

Unrealized loss on foreign currency exchange, net
15,795

 
22,343

 
11,920

Loss (gain) on extinguishment of debt, net
1,079

 
16,156

 
(7,635
)
Loss on prepaid warranty - affiliate

 
45,380

 

Loss on investments and receivables - affiliate
3,336

 
16,079

 

Deferred taxes
375

 
(13,497
)
 
(4,773
)
Other, net
2,542

 
9,395

 
(9,257
)
Changes in assets and liabilities:
 
 
 
 
 
Accounts receivable
3,112

 
(11,272
)
 
(3,431
)
Prepaid expenses and other current assets
(8,585
)
 
12,189

 
22,921

Accounts payable, accrued expenses and other current liabilities
(1,156
)
 
19,887

 
4,062

Deferred revenue
4,803

 
19,383

 
71,129

Due to SunEdison, net

 

 
4,422

Other, net
3,932

 
(1,919
)
 

Net cash provided by operating activities
191,809

 
124,260

 
84,227

Cash flows from investing activities:
 
 
 
 
 
Cash paid to third parties for renewable energy facility construction
(45,869
)
 
(647,561
)
 
(1,122,293
)
Acquisitions of renewable energy facilities from third parties, net of cash acquired
(4,064
)
 
(2,471,600
)
 
(644,890
)
Change in restricted cash
(13,772
)
 
(48,609
)
 
23,635

Due to SunEdison, net

 
(26,153
)
 
(56,088
)
Other investments

 
(8,400
)
 

Net cash used in investing activities
$
(63,705
)
 
$
(3,202,323
)
 
$
(1,799,636
)

See accompanying notes to consolidated financial statements.

145