Print Page  Close Window

SEC Filings
10-K
TERRAFORM POWER, INC. filed this Form 10-K on 03/07/2018
Entire Document
 

Acquisition Accounting for the 2015 Acquisitions

The acquisition accounting for the First Wind, Northern Lights, Integrys and other solar generation facilities acquisitions was completed as of the fourth quarter of 2015, at which point the provisional fair values became final. The final acquisition-date fair values of assets, liabilities and non-controlling interests for these business combinations, were as follows:
(In thousands)
First Wind
 
Other First Wind1
 
Northern Lights
 
Integrys
 
Other
Renewable energy facilities in service
$
795,462

 
$

 
$
62,018

 
$
69,935

 
$
7,931

Construction in progress

 
264,858

 

 

 
28,878

Accounts receivable
30,031

 

 
1,361

 
2,610

 

Intangible assets
123,600

 

 
39,000

 
28,966

 
12,454

Restricted cash
7,240

 
60

 

 
827

 

Derivative assets
44,755

 

 

 

 

Other assets
5,873

 

 
11

 
234

 
200

Total assets acquired
1,006,961

 
264,918

 
102,390

 
102,572

 
49,463

Accounts payable, accrued expenses and other current liabilities
9,854

 
442

 
440

 
409

 
1,854

Long-term debt, including current portion
47,400

 
72,881

 

 
15,882

 

Asset retirement obligations
19,890

 

 
818

 
5,730

 
509

Other long-term liabilities
18,562

 
23,237

 

 
5,786

 

Total liabilities assumed
95,706

 
96,560

 
1,258

 
27,807

 
2,363

Redeemable non-controlling interest
3,076

 

 

 

 
8,298

Non-controlling interest
96,624

 

 

 
4,045

 

Purchase price, net of cash acquired
$
811,555

 
$
168,358

 
$
101,132

 
$
70,720

 
$
38,802

————
(1)
Represents renewable energy facilities with a combined nameplate capacity of 222.6 MW acquired from SunEdison during the year ended December 31, 2015. These facilities were acquired by SunEdison from First Wind on January 29, 2015.



107