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SEC Filings

10-Q
TERRAFORM GLOBAL, INC. filed this Form 10-Q on 08/09/2017
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
June 30,
Six Months Ended
June 30,
 
2017
 
2016
2017
 
2016
Operating revenues, net
$
62,502

 
$
56,430

$
118,986

 
$
104,116

Operating costs and expenses:
 
 
 
 
 
 
Cost of operations
11,695

 
11,797

23,034

 
22,029

General and administrative
20,366

 
14,225

39,335

 
24,409

Acquisition, formation and related costs

 
83


 
10,088

Depreciation, accretion and amortization
21,209

 
13,025

36,310

 
27,597

Total operating costs and expenses
53,270

 
39,130

98,679

 
84,123

Operating income
9,232

 
17,300

20,307

 
19,993

Other expense (income):
 
 
 
 
 
 
Loss (gain) on the extinguishment of debt

 
526

6,767

 
(5,735
)
Interest expense, net
28,968

 
28,975

59,457

 
62,638

Gain on foreign currency exchange
(1,295
)
 
(13,882
)
(22,937
)
 
(26,231
)
Other income, net
(3,181
)
 
(6,061
)
(8,232
)
 
(13,031
)
Total other expenses, net
24,492

 
9,558

35,055

 
17,641

(Loss) income before income tax expense
(15,260
)
 
7,742

(14,748
)
 
2,352

Income tax expense
2,485

 
2,061

4,950

 
2,919

Net (loss) income
(17,745
)
 
5,681

(19,698
)
 
(567
)
Less:(loss) income attributable to non-controlling interests
(7,364
)
 
4,584

(7,604
)
 
2,968

Net (loss) income attributable to TerraForm Global, Inc. Class A common stockholders
$
(10,381
)
 
$
1,097

$
(12,094
)
 
$
(3,535
)
 
 
 
 
 
 
 
Weighted average number of shares:
 
 
 
 
 
 
Class A common stock - Basic and Diluted
112,944

 
106,856

113,099

 
106,856

Loss per share:
 
 
 
 
 
 
Class A common stock - Basic and Diluted
$
(0.09
)
 
$
0.01

$
(0.11
)
 
$
(0.03
)
See accompanying notes to unaudited condensed consolidated financial statements.

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