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SEC Filings

10-K
TERRAFORM GLOBAL, INC. filed this Form 10-K on 12/21/2016
Entire Document
 

TERRAFORM GLOBAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)

 
Year Ended December 31,
2015
 
2014
 
2013
Cash flows from operating activities:
 
 
 
 
 
Net loss
$
(371,009
)
 
$
(5,039
)
 
$
(2,277
)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
 
 
 
 
 
Amortization of deferred financing costs
21,159

 
1,140

 
772

Depreciation, accretion and amortization
28,769

 
7,167

 
4,785

Stock-based compensation expense
1,601

 

 

Change in fair value of interest rate swaps
(5,639
)
 
705

 
(158
)
Provision for contingent loss on deposit for acquisitions
231,000



 

Gain on previously held equity investment
(1,426
)
 

 

Loss on extinguishment of debt
2,298

 

 

Unrealized gains on foreign currency, net
(21,383
)
 

 


Deferred tax expense (benefit)
3,230

 
1,461

 
(1,956
)
Other non-cash items
(763
)
 
 
 
 
Changes in operating assets and liabilities:
 
 
 
 
 
Accounts receivable
3,187

 
(7,533
)
 
(2,766
)
Prepaid expenses and other assets
54,328

 
(656
)
 
(3,518
)
Accounts payable, accrued expenses and other liabilities
61,072

 
(5,512
)
 
3,892

Due to/from SunEdison, net
3,197

 
23,327

 
(15,746
)
Net cash provided by (used in) by operating activities
9,621


15,060


(16,972
)
Cash flows from investing activities:
 
 
 
 
 
Capital expenditures
(94,253
)
 
(190,267
)
 
(60,312
)
Change in cash committed for construction
40,573

 
(40,305
)
 
(2,120
)
Change in restricted cash
(29,435
)
 
(1,509
)
 
(38,776
)
Cash paid for acquisitions, net of cash acquired
(266,025
)
 

 

Cash paid for equity method investment
(72,400
)
 

 

Cash paid for deposit for acquisitions
(276,400
)
 

 

Cash paid for settlement of foreign currency contracts
(54,524
)
 

 

Other

 
228

 
(745
)
Net cash used in investing activities
(752,464
)

(231,853
)

(101,953
)
Cash flows from financing activities:
 
 
 
 
 
Proceeds from Bridge Facility
400,000

 
150,000

 

Repayments on Bridge Facility
(550,000
)
 

 

Proceeds from Revolver
135,000

 

 

Proceeds from IPO, net of fees
623,970

 

 

Proceeds from 2022 Senior Notes, net of discount
799,899

 

 

Repayments on 2022 Senior Notes
(6,800
)
 

 

Repayments of system debt financing
(475,901
)
 
(8,693
)
 
(4,922
)
Proceeds from system debt financing
50,476

 
224,023

 
89,025

Net SunEdison investment
73,786

 
5,930

 
48,066

Proceeds from Private Placement, net of fee
549,147

 

 

Proceeds from loans from SunEdison and affiliates

 
3,951

 
2,580

Payment of dividends
(19,887
)
 

 

Payment of deferred financing costs
(42,731
)
 
(9,692
)
 
(16,110
)
Net cash provided by financing activities
1,536,959


365,519


118,639

Net increase in cash and cash equivalents
794,116


148,726


(286
)
Effect of exchange rate changes on cash and cash equivalents
(22,316
)
 
(1,728
)
 
(576
)
Cash and cash equivalents at beginning of period
150,146


3,148


4,010

Cash and cash equivalents at end of period
$
921,946


$
150,146


$
3,148




135