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

The following table reflects summarized financial information concerning the Company’s reportable segments for the years ended December 31, 2016, 2015 and 2014:
 
 
Year Ended December 31, 2016
(In thousands)
 
Solar
 
Wind
 
Corporate
 
Total
Operating revenues, net
 
$
377,488

 
$
277,068

 
$

 
$
654,556

Depreciation, accretion and amortization expense
 
115,050

 
126,735

 
1,580

 
243,365

Other operating costs and expenses
 
140,459

 
91,613

 
90,142

 
322,214

Interest expense, net
 
97,123

 
85,744

 
127,469

 
310,336

Other non-operating (income) expenses, net
 
(1,017
)
 
1,126

 
19,545

 
19,654

Income tax expense1
 

 

 
494

 
494

Net income (loss)
 
$
25,873

 
$
(28,150
)
 
$
(239,230
)
 
$
(241,507
)
Cash Flows
 
 
 
 
 
 
 
 
Capital expenditures
 
$
32,132

 
$
12,177

 
$
1,560

 
$
45,869

Balance Sheet
 
 
 
 
 
 
 
 
Total assets2
 
3,595,387

 
3,609,471

 
501,007

 
7,705,865

 
 
Year Ended December 31, 2015
(In thousands)
 
Solar
 
Wind
 
Corporate
 
Total
Operating revenues, net
 
$
346,033

 
$
123,473

 
$

 
$
469,506

Depreciation, accretion and amortization expense
 
117,727

 
43,392

 
191

 
161,310

Other operating costs and expenses
 
65,515

 
89,831

 
147,336

 
302,682

Interest expense, net
 
71,351

 
6,991

 
89,463

 
167,805

Other non-operating expenses, net
 
13,986

 
6,682

 
38,417

 
59,085

Income tax benefit1
 

 

 
(13,241
)
 
(13,241
)
Net income (loss)
 
$
77,454

 
$
(23,423
)
 
$
(262,166
)
 
$
(208,135
)
Cash Flows
 
 
 
 
 
 
 
 
Capital expenditures
 
$
462,719

 
$
181,594

 
$
3,248

 
$
647,561

Balance Sheet
 
 
 
 
 
 
 
 
Total assets2
 
3,923,186

 
3,765,486

 
528,737

 
8,217,409

 
 
Year Ended December 31, 2014
(In thousands)
 
Solar
 
Wind
 
Corporate
 
Total
Operating revenues, net
 
$
127,156

 
$

 
$

 
$
127,156

Depreciation, accretion and amortization expense
 
41,280

 

 

 
41,280

Other operating costs and expenses
 
33,322

 

 
46,165

 
79,487

Interest expense, net
 
56,019

 

 
30,172

 
86,191

Other non-operating (income) expenses, net
 
(6,209
)
 

 
13,019

 
6,810

Income tax benefit1
 

 

 
(4,689
)
 
(4,689
)
Net income (loss)
 
$
2,744

 
$

 
$
(84,667
)
 
$
(81,923
)
Cash Flows
 
 
 
 
 
 
 
 
Capital expenditures
 
$
1,122,293

 
$

 
$

 
$
1,122,293

———
(1)
Income tax expense (benefit) is not allocated to the Company's Solar and Wind segments.
(2)
As of December 31, 2016 and 2015, respectively.

Operating Revenues, net


216