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SEC Filings
10-K
TERRAFORM POWER, INC. filed this Form 10-K on 07/21/2017
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As noted above, the acquisition accounting for the business combinations that occurred during 2014 was not finalized until 2015. The estimated acquisition-date fair values of assets, liabilities and non-controlling interests pertaining to these business combinations as of December 31, 2014, were as follows:
 
Capital
 
 
 
Other
(In thousands)
Dynamics
 
Mt. Signal
 
Acquisitions
Renewable energy facilities in service
$
200,712

 
$
649,005

 
$
245,828

Accounts receivable
4,511

 
11,617

 
11,251

Intangible assets
83,114

 
117,925

 
140,248

Deferred income taxes
22,129

 

 

Restricted cash
15

 
22,165

 
14,688

Other assets
687

 
12,621

 
4,987

Total assets acquired
311,168

 
813,333

 
417,002

Accounts payable, accrued expenses and other current liabilities
5,925

 
24,813

 
7,410

Long-term debt, including current portion

 
413,464

 
137,472

Deferred income taxes
25,191

 

 
892

Asset retirement obligations
6,749

 
4,656

 
18,058

Total liabilities assumed
37,865

 
442,933

 
163,832

Redeemable non-controlling interest
16,600

 

 
7,738

Non-controlling interest

 
78,745

 
2,175

Purchase price, net of cash acquired
$
256,703

 
$
291,655

 
$
243,257


The acquired renewable energy facilities' non-financial assets and other long-term liabilities primarily represent estimates of the fair value of acquired PPA and REC contracts based on significant inputs that are not observable in the market and thus represent a Level 3 measurement (as defined in Note 14. Fair Value of Financial Instruments). The estimated fair values were determined based on an income approach. Refer below for additional disclosures related to the acquired intangibles.



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