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SEC Filings

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

The following table presents changes to the Company's previously reported consolidated statement of cash flows for the year ended December 31, 2015 included in the Company's 2015 Annual Report on Form 10-K:
(In thousands)
Statement of Cash Flows Caption
 
As Reported
 
Recast Adjustment
 
As Recasted
Cash flows from operating activities:
 
 
 
 
 
 
Net loss
 
$
(371,009
)
 
$
1,327

 
$
(369,682
)
Adjustments to reconcile net loss to net cash used in operating activities:
 
 
 
 
 
 
Depreciation, accretion and amortization
 
28,769

 
162

 
28,931

Unrealized gains on foreign currency, net
 
(21,383
)
 
(364
)
 
(21,747
)
Changes in operating assets and liabilities, net
 
121,784

 
(5,735
)
 
116,049

Net cash used in operating activities
 
 
 
$
(4,610
)
 
 
Cash flows from investing activities:
 
 
 
 
 
 
Capital expenditures
 
(94,253
)
 
(4,862
)
 
(99,115
)
Proceeds from sale of power purchase agreement
 

 
10,299

 
10,299

Net cash provided by investing activities
 
 
 
$
5,437

 
 
Cash flows from financing activities:
 
 
 
 
 
 
Net SunEdison investment
 
73,786

 
(494
)
 
73,292

Effect of exchange rate changes on cash and cash equivalents
 
(22,316
)
 
39

 
(22,277
)
Net increase in cash and cash equivalents
 
 
 
372

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

 
$
372

 
$
922,318

The following table presents changes to the Company's previously reported consolidated statement of operations for the year ended December 31, 2015 included in the Company's 2015 Annual Report on Form 10-K:
 
 
Year Ended December 31, 2015
(In thousands)
Statement of Operations Caption
 
As Reported
 
Recast Adjustment
 
As Recasted
Cost of operations
 
$
16,352

 
$
2,689

 
$
19,041

General and administrative expense
 
32,271

 
44

 
32,315

Depreciation, accretion, and amortization expense
 
28,769

 
162

 
28,931

Gain on foreign currency exchange, net
 
35,363

 
357

 
35,720

Other income, net
 
(1,366
)
 
(5,056
)
 
(6,422
)
Income tax expense
 
4,858

 
477

 
5,335

Change in costs and expenses
 
 
 
$
(1,327
)
 
 
Less: net loss attributed to non-controlling interest
 
(118,995
)
 
463

 
(118,532
)
Change in Net loss attributable to TerraForm Global, Inc. Class A common stockholders
 
 
 
$
(864
)
 
 

4. ACQUISITIONS

2016 Acquisitions and Dropdowns
Dropdown of NPS Star and WXA
On February 24, 2016, SunEdison transferred to the Company a 49.0% equity interest, constituting a controlling interest and substantially all of the economic interest, in each of NPS Star and WXA, each of which consists of three solar power plants located in Thailand. These solar power plants, which achieved commercial operation in December 2015 and represent 35.6 MW of aggregate net capacity, were required to be contributed to the Company, without further payment, pursuant to the Project Investment Agreement between SunEdison and the Company.


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