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SEC Filings

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

20. 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 reportable segment assets as of December 31, 2016, 2015 and 2014:

 
Year Ended December 31,
(In thousands)
2016
 
2015
 
2014
Operating revenue, net:
 
 
 
 
 
Wind Energy
$
97,229

 
$
31,197

 
$

Solar Energy
117,088

 
92,919

 
39,449

Consolidated
214,317

 
124,116

 
39,449

Depreciation, accretion and amortization:
 
 
 
 
 
Wind Energy
27,162

 
11,973

 

Solar Energy
28,026

 
16,958

 
7,167

Consolidated
55,188

 
28,931

 
7,167

Other operating costs and expenses:
 
 
 
 
 
Wind Energy
30,803

 
10,779

 

Solar Energy
20,076

 
15,865

 
4,256

Corporate
79,785

 
295,070

 
12,199

Consolidated
130,664

 
321,714

 
16,455

Interest (income) expense, net:
 
 
 
 
 
Wind Energy
(2,997
)
 
943

 

Solar Energy
39,948

 
39,098

 
24,294

Corporate
92,325

 
67,607

 

Consolidated
129,276

 
107,648

 
24,294

Other non-operating expense (income):
 
 
 
 
 
Wind Energy
8,567

 
429

 

Solar Energy
51,469

 
19,478

 
(5,128
)
Corporate
(91,031
)
 
10,263

 

Consolidated
(30,995
)
 
30,170

 
(5,128
)
Income tax expense (benefit):
 
 
 
 
 
Wind Energy

 

 

Solar Energy

 

 

Corporate
8,682

 
5,335

 
1,700

Consolidated
8,682

 
5,335

 
1,700

Net (loss) income:
 
 
 
 
 
Wind Energy
33,694

 
7,073

 

Solar Energy
(22,431
)
 
1,520

 
8,860

Corporate
(89,761
)
 
(378,275
)
 
(13,899
)
Consolidated
$
(78,498
)
 
$
(369,682
)
 
$
(5,039
)


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