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SEC Filings

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

Year ended December 31, 2015 Compared to Year ended December 31, 2014
The following table illustrates the consolidated results of operations for the years ended December 31, 2015 compared to December 31, 2014:
 
Year Ended December 31,
(In thousands)
2015
 
2014
Operating revenues, net
$
124,116

 
$
39,449

Operating costs and expenses:
 
 
 
Cost of operations
19,041

 
4,256

General and administrative expense
32,315

 
12,199

Acquisition, formation and related costs
39,358

 

Depreciation, accretion and amortization expense
28,931

 
7,167

Provision for contingent loss on deposit for acquisitions

231,000

 

Total operating costs and expenses
350,645

 
23,622

Operating (loss) income
(226,529
)
 
15,827

Other expense (income):
 
 
 
Loss on extinguishment of debt, net
2,298

 

Interest expense, net
107,648

 
24,294

Gain on previously held equity investment
(1,426
)
 

Loss (gain) on foreign currency exchange, net
35,720

 
(4,038
)
Other income, net
(6,422
)
 
(1,090
)
Total other expenses, net
137,818

 
19,166

Loss before income tax expense
(364,347
)
 
(3,339
)
Income tax expense (benefit)
5,335

 
1,700

Net loss
$
(369,682
)
 
$
(5,039
)
Operating Revenues, net
Operating revenues, net for the years ended December 31, 2015 and 2014 were as follows:
 
Year Ended December 31,
 
 
Operating Revenues, net (in thousands, other than MW and GWh data)
2015
 
2014
 
Change
Solar energy
$
92,919

 
$
39,449

 
$
53,470

Wind energy
31,197

 

 
31,197

Total
$
124,116

 
$
39,449

 
$
84,667

 
 
 
 
 
 
Net capacity (MW)(1)(2)
854.4

 
118.1

 
736.3

GWh sold
1,055.6

 
157.9

 
897.7

(1)
Operational at end of period.
(2)
Net capacity represents the maximum generating capacity at standard test conditions of a facility multiplied by the Company’s percentage of economic ownership of that facility after taking into account any redeemable preference shares and stockholder loans the Company holds.


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