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

 
Fair Value
(In thousands)
Mt. Signal
 
Capital
Dynamics
 
Other
Intangible assets
 
 
 
 
 
Favorable rate revenue contracts
$

 
$
26,000

 
$
70,179

In-place value of market rate revenue contracts
119,767

 
48,236

 
50,445

Intangible liabilities


 


 


Unfavorable rate revenue contracts

 
12,100

 

 
 
 
 
 
 
 
Weighted Average Amortization Period1
(In years)
Mt. Signal
 
Capital
Dynamics
 
Other
Intangible assets
 
 
 
 
 
Favorable rate revenue contracts
 
18
 
19
In-place value of market rate revenue contracts
25
 
23
 
15
Intangible liabilities

 

 

Unfavorable rate revenue contracts
 
7
 
————
(1)
For purposes of this disclosure, the weighted average amortization period is determined based on a weighting of the individual intangible fair values against the total fair value for each major intangible asset and liability class.

Unaudited Pro Forma Supplementary Data

The unaudited pro forma supplementary data presented in the table below gives effect to the significant 2015 acquisitions, Invenergy Wind, First Wind and Northern Lights, as if those transactions had each occurred on January 1, 2014. Additionally, the table below gives effect to the significant 2014 acquisitions, Capital Dynamics and Mt. Signal, as if these transactions had occurred on January 1, 2013. The unaudited pro forma supplementary data is provided for informational purposes only and should not be construed to be indicative of the Company’s results of operations had the acquisitions been consummated on the date assumed or of the Company’s results of operations for any future date.
 
Year Ended December 31,
(In thousands, unaudited)
2015
 
2014
Total operating revenues, net
$
605,441

 
$
427,098

Net loss
(128,588
)
 
(102,010
)

Acquisition costs incurred by the Company related to third party acquisitions were $2.7 million, $55.8 million and $15.2 million for the years ended December 31, 2016, 2015 and 2014, respectively. These costs are reflected as acquisition and related costs and acquisition and related costs - affiliate in the consolidated statements of operations and are excluded from the respective unaudited pro forma net loss amounts disclosed above.



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