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SEC Filings

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

Acquisition Accounting
The acquisition-date fair values of assets, liabilities and non-controlling interests pertaining to business combinations as of December 31, 2015, are as follows:
 
 
2015
 
(In thousands)
Honiton (1)
 
NSM 24 (1)
 
Witkop /
Soutpan (1)
 
Renova (Salvador
/ Bahia) (1)
 
 
Cash and cash equivalents
$
4,315

 
$
2,070

 
$
451

 
$
1,338

 
Restricted cash
8,691

 
6,467

 
24,831

 
41,622

 
Accounts receivable
18,102

 
1,049

 
5,165

 
8,099

 
Power plants
155,355

 
19,800

 
210,000

 
480,045

 
Intangible assets

 
20,660

 
62,734

 

 
Other assets
6,236

 
62

 
4,013

 
10,786

 
Total assets acquired
192,699

 
50,108

 
307,194

 
541,890

 
Accrued expenses and other current liabilities
14,743

 
4,587

 
14,363

 
7,145

 
Deferred tax liabilities

 
2,509

 
31,467

 

 
Long-term debt, including current portion
68,871

 
25,267

 
173,049

 
214,024

 
Total liabilities assumed
83,614

 
32,363

 
218,879

 
221,169

 
Non-controlling interests

 

 
40,525

 

 
Fair value of net assets acquired
$
109,085

 
$
17,745

 
$
47,790

 
$
320,721

(1) Purchase accounting is final for all of the project acquisitions
Unaudited Pro Forma Supplementary Data
The unaudited pro forma supplementary data presented in the table below gives effect to the acquisitions as if the transactions occurred on January 1, 2015 and 2014. The pro forma supplementary data is provided for informational purposes only and should not be construed to be indicative of the Company’s results of operations had the acquisitions been consummated on the date assumed or of its results of operations for any future date.
 
Year Ended December 31,
(In thousands)
2015
 
2014
Net sales
$
140,661

 
$
125,276

Net loss
(375,574
)
 
(8,862
)
Subsequent Events
FERSA
At the time of acquisition, the company recorded this acquisition as ‘Equity method investment’ for the quarter ended December 31, 2015. On January 1, 2016, as part of the adoption of ASU 2015-02, the Company consolidated the assets and liabilities of the FERSA Projects. The preliminary estimated allocation of assets and liabilities for the FERSA Projects as of


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