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SEC Filings

10-K
TERRAFORM GLOBAL, INC. filed this Form 10-K on 06/15/2017
Entire Document
 

TERRAFORM GLOBAL, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
 
December 31,
(In thousands, except per share data)
2016
 
2015
ASSETS
 
 
 
Current assets:
 
 
 
Cash and cash equivalents
$
680,893

 
$
922,318

Current portion of restricted cash, including consolidated variable interest entities of $64,786 and $46,321as of December 31, 2016 and 2015, respectively
79,294

 
119,151

Accounts receivable, net
37,596

 
30,287

Prepaid expenses and other current assets, including consolidated variable interest entities of $85,501 and $123,876 as of December 31, 2016 and 2015, respectively
102,555

 
139,335

Total current assets
900,338


1,211,091

Power plants, net, including consolidated variable interest entities of $431,686 and $478,884 as of December 31, 2016 and 2015, respectively
1,355,362

 
1,206,604

Restricted cash
16,482

 
22,682

Intangible assets, net including consolidated variable interest entities of $56,077 and $51,159 as of December 31, 2016 and 2015, respectively
82,450

 
70,630

Equity method investment

 
73,249

Deposit for acquisitions, net including consolidated variable interest entities of $136 and $40,134 as of December 31, 2016 and 2015, respectively
48,274

 
51,101

Other assets
45,373

 
51,809

Total assets
$
2,448,279


$
2,687,166

LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 
Current liabilities:
 
 
 
Current portion of long-term debt, including consolidated variable interest entities of $314,928 and $326,535 as of December 31, 2016 and 2015, respectively
$
327,459

 
$
319,498

Accounts payable
12,009

 
8,491

Accrued expenses and other current liabilities, including consolidated variable interest entities of $44,633 and $34,338 as of December 31, 2016 and 2015, respectively
119,179

 
130,051

Due to SunEdison, net
16,084

 
44,254

Total current liabilities
474,731


502,294

Long-term debt, less current portion
758,609

 
952,653

Asset retirement obligations
10,310

 
8,629

Other long-term liabilities
6,810

 
1,455

Deferred tax liabilities, including consolidated variable interest entities of $40,817 and $37,295 as of December 31, 2016 and 2015, respectively
52,106

 
39,482

Total liabilities
1,302,566


1,504,513

Stockholders’ Equity:
 
 
 
Preferred stock, par value $0.01 per share, 50,000,000 shares authorized, no shares issued and outstanding as of December 31, 2016 or 2015

 

Class A common stock, par value $0.01 per share, 2,750,000,000 shares authorized, 113,253,681 and 114,630,318 shares issued, and 112,995,133 and 114,625,074 shares outstanding as of December 31, 2016 and 2015, respectively
1,132

 
1,146

Class B common stock, par value $0.01 per share, 200,000,000 shares authorized, 61,343,054 shares issued and outstanding as of December 31, 2016 and 2015
613

 
613

Class B1 common stock, par value $0.01 per share, 550,000,000 shares authorized, no shares issued or outstanding as of December 31, 2016 or 2015

 

Treasury stock, at cost, 258,548 and 5,244 shares owned as of December 31, 2016 and 2015, respectively
(4,739
)
 
(28
)
Additional paid-in capital
940,405

 
923,740

Accumulated deficit
(266,242
)
 
(213,210
)
Accumulated other comprehensive income (loss)
12,119

 
(11,181
)
Total TerraForm Global, Inc. stockholders’ equity
683,288


701,080

Non-controlling interests
462,425

 
481,572

Total stockholders’ equity
1,145,713


1,182,652

Total liabilities and stockholders’ equity
$
2,448,279


$
2,687,165

See accompanying notes to consolidated financial statements.


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