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SEC Filings

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

Class A Common Stock
Basic and diluted loss per share for the year ended December 31, 2015 was calculated as follows:
 
 
Period from IPO (August 5, 2015) to December 31, 2015
(In thousands, except per share amounts)
 
Basic and diluted loss per share:
 
 
Net loss attributable to Class A common stockholders
 
$
(212,661
)
Less: dividends paid on Class A common stock and participating RSAs
 
(19,887
)
Undistributed loss attributable to Class A stockholders
 
(232,548
)

 
 
Weighted average shares outstanding
 
100,813

 
 
 
Distributed earnings per share
 
$
0.20

Undistributed loss per share
 
$
(2.31
)
Basic and diluted loss per share
 
$
(2.11
)
The computations for diluted loss per share for the year ended December 31, 2015 excludes approximately 61.3 million shares of Class B common stock, 7.8 million shares of unvested RSAs and 2.8 million of unvested RSUs because the effect would have been anti-dilutive.
16. NON-CONTROLLING INTERESTS
Non-controlling interests represent the portion of net assets in consolidated entities that are not owned by the Company. The following table presents the non-controlling interest balances by entity, reported in stockholders’ equity in the consolidated balance sheet as of December 31, 2015:
(in thousands)
 
As of December 31, 2015
SunEdison’s non-controlling interests in Global LLC
 
$
375,540

Non-controlling interests in power plants
 
105,128

Total non-controlling interests
 
$
480,668


17. COMMITMENTS AND CONTINGENCIES
Operating Leases
The Company has operating leases for land, buildings, and equipment. The following table summarizes our total future commitments under operating leases as of December 31, 2015.
Contractual Cash Obligations (in thousands)
 
Rent
2016
 
$
1,339

2017
 
1,385

2018
 
1,334

2019
 
1,293

2020
 
1,337

Thereafter
 
40,611

Total
 
$
47,299

Total rental expense was $1.1 million, $0.2 million and $0.1 million during the years ended December 31, 2015, 2014 and 2013, respectively. Commitments under operating leases in years after 2020 largely represent commitments for Salvador and Bahia wind power plants in Brazil.


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