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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 STATEMENTS OF CASH FLOWS
(In thousands)


Three Months Ended
March 31,
 
2017
 
2016
Cash flows from operating activities:
 
 
 
Net loss
$
(1,953
)
 
$
(6,248
)
Adjustments to reconcile net loss to net cash used in operating activities:
 
 
 
Amortization of deferred financing costs
427

 
893

Depreciation, amortization and accretion
15,101

 
14,572

Stock-based compensation expense
1,038

 
1,107

Change in fair value of interest rate swaps
652

 
3,362

Loss on disposal of property
885

 

Loss (gain) on extinguishment of debt
6,767

 
(6,261
)
Unrealized gains on foreign currency, net
(24,807
)
 
(11,439
)
Deferred tax expense (benefit)
1,524

 
(1,175
)
Other non-cash items
(367
)
 

Changes in assets and liabilities:
 
 
 
Accounts receivable
1,794

 
661

Prepaid expenses and other current assets
17,819

 
7,254

Accounts payable, accrued expenses, and other current liabilities
(25,778
)
 
(12,507
)
Due to/from affiliates, net
(6,288
)
 
2,553

Net cash used in operating activities
(13,186
)
 
(7,228
)
Cash flows from investing activities:
 
 
 
Capital expenditures
(3,314
)
 
(33,231
)
Change in restricted cash
1,968

 
44,539

Cash acquired upon FERSA consolidation

 
9,031

Returns from BioTherm escrow and deposits
2,430

 
3,775

Net cash provided by investing activities
1,084

 
24,114

Cash flows from financing activities:


 
 
Repayments of the Senior Notes

 
(35,441
)
Repayments of system debt financing
(4,733
)
 
(2,705
)
Net SunEdison investment

 
45,991

Dividends paid

 
(30,674
)
Net cash used in financing activities
(4,733
)
 
(22,829
)
Net decrease in cash and cash equivalents
(16,835
)
 
(5,943
)
Effect of exchange rate changes on cash and cash equivalents
(14,567
)
 
5,135

Cash and cash equivalents at beginning of period
680,893

 
922,318

Cash and cash equivalents at end of period
$
649,491

 
$
921,510

See accompanying notes to unaudited condensed consolidated financial statements.

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