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SEC Filings

10-Q
TERRAFORM GLOBAL, INC. filed this Form 10-Q on 08/09/2017
Entire Document
 

The following tables reflect summarized financial information concerning the Company’s reportable segments for the three and six months ended June 30, 2017 and 2016:
 
 
Three Months Ended June 30, 2017
 
Three Months Ended June 30, 2016
(In thousands)
 
Solar
 
Wind
 
Corporate
 
Total
 
Solar
 
Wind
 
Corporate
 
Total
Operating revenues, net
 
$
29,283

 
$
33,219

 
$

 
$
62,502

 
$
28,878

 
$
27,552

 
$

 
$
56,430

Depreciation, accretion and amortization
 
7,078

 
14,131

 

 
21,209

 
6,509

 
6,516

 

 
13,025

Other operating costs and expenses
 
5,136

 
8,345

 
18,580

 
32,061

 
4,703

 
5,899

 
15,503

 
26,105

Interest expense (income), net
 
10,128

 
(100
)
 
18,940

 
28,968

 
10,372

 
(281
)
 
18,884

 
28,975

Other non-operating (income) expenses
 
4,666

 
1,634

 
(10,776
)
 
(4,476
)
 
14,304

 
1,053

 
(34,774
)
 
(19,417
)
Income tax expense¹
 

 

 
2,485

 
2,485

 

 

 
2,061

 
$
2,061

Net income (loss)
 
$
2,275

 
$
9,209

 
$
(29,229
)
 
$
(17,745
)
 
$
(7,010
)
 
$
14,365

 
$
(1,674
)
 
$
5,681


 
 
Six Months Ended June 30, 2017
 
Six Months Ended June 30, 2016
(In thousands)
 
Solar
 
Wind
 
Corporate
 
Total
 
Solar
 
Wind
 
Corporate
 
Total
Operating revenues, net
 
$
61,499

 
$
57,487

 
$

 
$
118,986

 
$
57,617

 
$
46,499

 
$

 
$
104,116

Depreciation, accretion and amortization
 
14,220

 
22,090

 

 
36,310

 
12,381

 
15,216

 

 
27,597

Other operating costs and expenses
 
10,269

 
16,139

 
35,961

 
62,369

 
11,273

 
13,328

 
31,925

 
56,526

Interest expense (income), net
 
20,069

 
(216
)
 
39,604

 
59,457

 
22,634

 
(2,049
)
 
42,053

 
62,638

Other non-operating (income) expenses
 
9,411

 
1,444

 
(35,257
)
 
(24,402
)
 
18,549

 
3,042

 
(66,588
)
 
(44,997
)
Income tax expense¹
 

 

 
4,950

 
4,950

 

 

 
2,919

 
$
2,919

Net income (loss)
 
$
7,530

 
$
18,030

 
$
(45,258
)
 
$
(19,698
)
 
$
(7,220
)
 
$
16,962

 
$
(10,309
)
 
$
(567
)

The following table reflects reportable segment assets as of June 30, 2017 and December 31, 2016:
Balance Sheet
 
As of June 30, 2017
 
 
 
As of December 31, 2016
 
 
(In thousands)
 
Solar
 
Wind
 
Corporate
 
Total
 
Solar
 
Wind
 
Corporate
 
Total
Total assets²
 
$
566,235

 
$
347,146

 
$
1,530,964

 
$
2,444,345

 
$
556,452

 
$
448,621

 
$
1,443,206

 
$
2,448,279

(1)
Income tax benefit is not allocated to the Company’s Solar and Wind segments.
(2)
Corporate assets include cash and cash equivalents, intercompany accounts receivable, other current assets and other assets.


18. OTHER COMPREHENSIVE INCOME (LOSS)
Comprehensive income (loss) represents a measure of all changes in equity that result from recognized transactions and other economic events other than transactions with owners in their capacity as owners. Other comprehensive income (loss) includes foreign currency translations and gains (losses) on hedging instruments.

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