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SEC Filings

10-Q
TERRAFORM GLOBAL, INC. filed this Form 10-Q on 06/27/2017
Entire Document
 

PART I - Financial Information

Item 1. Financial Statements

TERRAFORM GLOBAL, INC. AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
 
Three Months Ended March 31,
 
2017
 
2016
Operating revenues, net
$
56,484

 
$
47,686

Operating costs and expenses:
 
 
 
Cost of operations
11,339

 
10,232

General and administrative
18,969

 
10,184

Acquisition, formation and related costs

 
10,005

Depreciation, accretion and amortization
15,101

 
14,572

Total operating costs and expenses
45,409

 
44,993

Operating income
11,075

 
2,693

Other expense (income):
 
 
 

Loss (gain) on extinguishment of debt
6,767

 
(6,261
)
Interest expense, net
30,489

 
33,663

Gain on foreign currency exchange
(21,642
)
 
(12,349
)
Other income, net
(5,051
)
 
(6,970
)
Total other expenses, net
10,563

 
8,083

Income (loss) before income tax expense
512

 
(5,390
)
Income tax expense
2,465

 
858

Net loss
(1,953
)
 
(6,248
)
Less: loss attributable to non-controlling interests
(240
)
 
(1,616
)
Net loss attributable to TerraForm Global, Inc. Class A common stockholders
$
(1,713
)
 
$
(4,632
)
 
 
 
 
Weighted average number of shares:
 
 
 
Class A common stock - Basic and Diluted
113,255,983

 
106,855,764

Loss per share:
 
 
 
Class A common stock - Basic and Diluted
$
(0.02
)
 
$
(0.04
)
See accompanying notes to unaudited condensed consolidated financial statements.

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