Print Page  |  Close Window

SEC Filings

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

TERRAFORM GLOBAL, INC. AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data)
 
March 31,
 
December 31,

2017
 
2016
ASSETS
 
 
 
Current assets:
 
 
 
Cash and cash equivalents
$
649,491

 
$
680,893

Current portion of restricted cash, including consolidated variable interest entities of $69,948 in 2017 and $64,786 in 2016
82,593

 
79,294

Accounts receivable, net
37,816

 
37,596

Prepaid expenses and other current assets, including consolidated variable interest entities of $77,616 in 2017 and $85,501 in 2016
93,377

 
102,555

Total current assets
863,277

 
900,338

Power plants, net, including consolidated variable interest entities of $392,719 in 2017 and $431,686 in 2016
1,400,477

 
1,355,362

Restricted cash
15,192

 
16,482

Intangible assets, net, including consolidated variable interest entities of $58,898 in 2017 and $56,077 in 2016
86,113

 
82,450

Deposit for acquisitions, net
46,991

 
48,274

Other assets
42,350

 
45,373

Total assets
$
2,454,400

 
$
2,448,279

LIABILITIES AND STOCKHOLDERS’ EQUITY
  
 
  
Current liabilities:
  
 
  
Current portion of long-term debt, including consolidated variable interest entities of $318,655 in 2017 and $314,928 in 2016
$
331,467

 
$
327,459

Accounts payable
14,449

 
12,009

Accrued expenses and other current liabilities, including consolidated variable interest entities of $48,172 in 2017 and $44,633 in 2016
101,664


119,179

Due to affiliates, net
9,835

 
16,084

Total current liabilities
457,415

 
474,731

Long-term debt, less current portion
760,502

 
758,609

Asset retirement obligations
11,064

 
10,310

Other long-term liabilities including consolidated variable interest entities of $51,488 in 2017 and $5,813 in 2016
6,698

 
6,810

Deferred tax liabilities, including consolidated variable interest entities of $35,762 in 2017 and $40,817 in 2016
55,385

 
52,106

Total liabilities
1,291,064

 
1,302,566

Stockholders’ Equity:
 
 
 
Preferred stock, par value $0.01 per share, 50,000,000 shares authorized, no shares issued and outstanding at March 31, 2017 or December 31, 2016

 

Class A common stock, par value $0.01 per share, 2,750,000,000 shares authorized, 112,848,950 shares issued and outstanding at March 31, 2017, 113,253,681 shares issued and outstanding at December 31, 2016
1,128

 
1,132

Class B common stock, par value $0.01 per share, 200,000,000 shares authorized, 61,343,054 shares issued and outstanding at March 31, 2017 and December 31, 2016
613

 
613

Class B1 common stock, par value $0.01 per share, 550,000,000 shares authorized, no shares issued or outstanding at March 31, 2017 or December 31, 2016

 

Treasury stock
(4,766
)
 
(4,739
)
Additional paid-in capital
956,911

 
940,405

Accumulated deficit
(267,955
)
 
(266,242
)
Accumulated other comprehensive income
18,165

 
12,119

Total TerraForm Global, Inc. stockholders’ equity
704,096

 
683,288

Non-controlling interests
459,240

 
462,425

Total stockholders’ equity
1,163,336

 
1,145,713

Total liabilities and stockholders’ equity
$
2,454,400

 
$
2,448,279

See accompanying notes to unaudited condensed consolidated financial statements.

6