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SEC Filings
10-K
TERRAFORM POWER, INC. filed this Form 10-K on 07/21/2017
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corporate operations. To date in 2017, we have also hired additional employees who previously were employed by SunEdison and provided services to us, including those focused on project-level operations. However, we continue to depend on a substantial number of outside contractors, including Messrs. Studebaker and Rawden who are employees of AlixPartners, LLP and whose services are provided pursuant to an engagement letter with an affiliate of AlixPartners, LLP, and SunEdison employees for certain of our continuing operations. As of June 30, 2017, the Company had 119 employees, the substantial majority of which were located in the United States.

Except for our Interim Chief Executive Officer, Peter Blackmore, our Executive Vice President and Chief Financial Officer, Rebecca Cranna, our Chief Operating Officer, Tom Studebaker, our Interim Chief Accounting Officer, David Rawden, and a limited number of other employees who continue to serve in the same functions for TerraForm Global for the time being, all other officers of the Company and substantially all of our non-officer personnel provide services exclusively to the Company. For more information regarding our executive officers also serving in the same roles for TerraForm Global, please refer to the risk factor entitled “We may have conflicts of interest with TerraForm Global,” within Item 1A. Risk Factors.
    
Geographic Information

The following table reflects operating revenues, net for the years ended December 31, 2016, 2015 and 2014 by geographic location:
 
 
Year Ended December 31,
(In thousands)
 
2016
 
2015
 
2014
United States (including Puerto Rico)
 
$
528,513

 
$
368,117

 
$
87,502

Chile
 
28,065

 
27,148

 
23,130

United Kingdom
 
51,600

 
55,542

 
15,890

Canada
 
46,378

 
18,699

 
634

Total operating revenues, net
 
$
654,556

 
$
469,506

 
$
127,156

    
Long-lived assets, net consist of renewable energy facilities and intangible assets as of December 31, 2016. As of December 31, 2015, this amount also included $55.9 million of goodwill, which was determined to be impaired during 2016 and fully written off. The following table is a summary of long-lived assets, net by geographic area:
(In thousands)
 
December 31, 2016
 
December 31, 2015
United States (including Puerto Rico)
 
$
5,524,136

 
$
5,876,846

Chile
 
175,204

 
181,756

United Kingdom
 
16,045

 
659,176

Canada
 
419,978

 
418,494

Total long-lived assets, net
 
6,135,363

 
7,136,272

Current assets
 
893,016

 
936,761

Other non-current assets1
 
677,486

 
144,376

Total assets
 
$
7,705,865

 
$
8,217,409

———
(1)
As of December 31, 2016, includes $532.7 million and $19.5 million of non-current assets held for sale located in the United Kingdom and United States, respectively.

Available Information

We make available free of charge through our website (http://www.terraformpower.com) the reports we file with the SEC, including our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as soon as reasonably practicable after we electronically file such material with, or furnish it to, the SEC. The SEC maintains an internet site containing these reports and proxy and information statements at http://www.sec.gov. Any materials we file can be read and copied online at that site or at the SEC's Public Reference Room at 100 F Street, NE, Washington DC 20549, on official business days during the hours of 10:00 am and 3:00 pm. Information on the operation of the Public Reference Room can be obtained by calling the SEC at 1-800-SEC-0330.



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