Print Page  |  Close Window

SEC Filings

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

claims are contingent or unliquidated; estimated amounts may change substantially as circumstances develop and damages are determined. Although SunEdison has not formally rejected the Sponsorship Arrangement, it has breached its obligations thereunder and the Company has additional claims for rejection damages.

19. SEGMENT REPORTING
The Company has two reportable segments: Solar Energy and Wind Energy. These segments include the Company’s entire portfolio of power plants and are determined based on the “management” approach. This approach designates the internal reporting used by management for making decisions and assessing performance as the source of the reportable segments. Corporate expenses include general and administrative expenses, acquisition costs, formation and offering related fees and expenses, interest expense on corporate indebtedness and stock-based compensation.
The following table reflects summarized financial information concerning the Company’s reportable segments for the years ended December 31, 2015, 2014 and 2013:
 
 
Year ended December 31,
(In thousands)
 
2015
 
2014
 
2013
Operating revenue, net:
 
 
 
 
 
 
Wind Energy
 
$
31,197

 
$

 
$

Solar Energy
 
92,919

 
39,449

 
22,196

Consolidated
 
$
124,116

 
$
39,449

 
$
22,196

Depreciation, accretion and amortization:
 
 
 
 
 
 
Wind Energy
 
$
11,973

 
$

 
$

Solar Energy
 
16,796

 
7,167

 
4,785

Consolidated
 
$
28,769

 
$
7,167

 
$
4,785

Other operating costs and expenses:
 
 
 
 
 
 
Wind Energy
 
$
10,779

 
$

 
$

Solar Energy
 
13,132

 
4,256

 
1,666

Corporate
 
295,070

 
12,199

 
5,837

Consolidated
 
$
318,981

 
$
16,455

 
$
7,503

Interest expense, net:
 
 
 
 
 
 
Wind Energy
 
$
943

 
$

 
$

Solar Energy
 
39,098

 
24,294

 
11,812

Corporate
 
67,607

 

 

Consolidated
 
$
107,648

 
$
24,294

 
$
11,812

Other non-operating expense (income):
 
 
 
 
 
 
Wind Energy
 
$
429

 
$

 
$

Solar Energy
 
24,177

 
(5,128
)
 
2,024

Corporate
 
10,263

 

 

Consolidated
 
$
34,869

 
$
(5,128
)
 
$
2,024

Income tax expense (benefit):
 
 
 
 
 
 
Wind Energy
 
$

 
$

 
$

Solar Energy
 

 

 

Corporate
 
4,858

 
1,700

 
(1,651
)
Consolidated
 
$
4,858

 
$
1,700

 
$
(1,651
)
Net (loss) income:
 
 
 
 
 
 
Wind Energy
 
$
7,073

 
$

 
$

Solar Energy
 
(284
)
 
8,860

 
1,909

Corporate
 
(377,798
)
 
(13,899
)
 
(4,186
)
Consolidated
 
$
(371,009
)
 
$
(5,039
)
 
$
(2,277
)


186