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

 
 
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

———
(1)
Income tax (benefit) expense is not allocated to the Company's Solar and Wind segments.
(2)
As of December 31, 2017 and 2016, respectively.

Operating Revenues, net
The following table reflects operating revenues, net for the years ended December 31, 2017, 2016 and 2015 by specific customers exceeding 10% of total operating revenue:
 
 
 
 
Year Ended December 31,
 
 
 
 
2017
 
2016
 
2015
(In thousands, except for percentages)
 
Segment
 
Amount
 
Percentage
 
Amount
 
Percentage
 
Amount
 
Percentage
Tennessee Valley Authority
 
Wind
 
$
79,773

 
13.1
%
 
$
73,068

 
11.2
%
 
N/A

 
N/A

San Diego Gas & Electric
 
Solar
 
63,905

 
10.5

 
65,709

 
10.0

 
$
67,562

 
14.4
%
———
N/A - This customer did not exceed 10% of total operating revenue for the period indicated above.
The following table reflects operating revenues, net for the years ended December 31, 2017, 2016 and 2015 by geographic location:
 
 
Year Ended December 31,
(In thousands)
 
2017
 
2016
 
2015
United States (including Puerto Rico)
 
$
519,551

 
$
528,513

 
$
368,117

Chile
 
31,282

 
28,065

 
27,148

United Kingdom
 
15,002

 
51,600

 
55,542

Canada
 
44,636

 
46,378

 
18,699

Total operating revenues, net
 
$
610,471

 
$
654,556

 
$
469,506




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