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SEC Filings

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

(In thousands, except per share data)
For the Year Ended December 31,
Statement of Operations Data:
2016
 
2015
 
2014
Operating revenues, net
$
214,317

 
$
124,116

 
$
39,449

Operating costs and expenses:
 
 
 
 
 
Cost of operations
46,935

 
19,041

 
4,256

General and administrative expense
72,857

 
32,315

 
12,199

Acquisition, formation and related costs
10,872

 
39,358

 

Depreciation, accretion and amortization expense
55,188

 
28,931

 
7,167

Provision for contingent loss on deposit for acquisitions

 
231,000

 

Total operating costs and expenses
185,852

 
350,645

 
23,622

Operating income (loss)
28,465

 
(226,529
)
 
15,827

Other expense (income):
 
 
 
 
 
(Gain) loss on extinguishment of debt, net
(5,857
)
 
2,298

 

Interest expense, net
129,276

 
107,648

 
24,294

Gain on previously held equity investment

 
(1,426
)
 

(Gain) loss on foreign currency exchange, net
(4,899
)
 
35,720

 
(4,038
)
Other income, net
(20,239
)
 
(6,422
)
 
(1,090
)
Total other expenses, net
98,281

 
137,818

 
19,166

Loss before income tax expense
(69,816
)
 
(364,347
)
 
(3,339
)
Income tax expense
8,682

 
5,335

 
1,700

Net loss
(78,498
)
 
(369,682
)
 
$
(5,039
)
Less: Predecessor loss prior to initial public offering on August 5, 2015

 
(39,353
)
 
 
Net loss subsequent to initial public offering
(78,498
)
 
(330,329
)
 
 
Less: Net loss attributable to non-controlling interests
(25,466
)
 
(118,532
)
 
 
Net loss attributable to TerraForm Global, Inc. Class A common stockholders
$
(53,032
)
 
$
(211,797
)
 
 
 
 
 
 
 
 
Weighted average number of shares:
 
 
 
 
 
Class A common stock - Basic and diluted
113,254

 
100,813

 
 
Loss per share:
 
 
 
 
 
Class A common stock - Basic and diluted
$
(0.47
)
 
$
(2.10
)
 
 
 
 
 
 
 
 
Cash Flow Data:
 
 
 
 
 
Net cash provided by (used in):
 
 
 
 
 
Operating activities
$
(14,237
)
 
$
5,011

 
$
15,060

Investing activities
(37,246
)
 
(747,027
)
 
(231,853
)
Financing activities
(185,623
)
 
1,536,465

 
365,519

(In thousands, except per share data)
 
As of December 31,
Balance Sheet Data (at period end):
 
2016
 
2015
 
2014
Cash and cash equivalents
 
$
680,893

 
$
922,318

 
$
3,148

Restricted cash
 
95,776

 
141,833

 
45,159

Power plants, net
 
1,355,362

 
1,206,604

 
210,017

Long-term debt
 
1,086,068

 
1,272,151

 
145,420

Total assets
 
2,448,279

 
2,687,166

 
291,111

Total liabilities
 
1,302,566

 
1,504,513

 
221,321

Total stockholders’ equity
 
1,145,713

 
1,182,652

 
69,701



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