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SEC Filings

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

TERRAFORM GLOBAL, INC. AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data)
 
June 30,
 
December 31,

2017
 
2016
ASSETS
 
 
 
Current assets:
 
 
 
Cash and cash equivalents
$
650,241

 
$
680,893

Current portion of restricted cash, including consolidated variable interest entities of $76,556 in 2017 and $64,786 in 2016
82,022

 
79,294

Accounts receivable, net
37,744

 
37,596

Prepaid expenses and other current assets, including consolidated variable interest entities of $79,429 in 2017 and $85,501 in 2016
124,908

 
102,555

Total current assets
894,915

 
900,338

Power plants, net, including consolidated variable interest entities of $388,140 in 2017 and $431,686 in 2016
1,355,235

 
1,355,362

Restricted cash
15,196

 
16,482

Intangible assets, net, including consolidated variable interest entities of $57,479 in 2017 and $56,077 in 2016
85,129

 
82,450

Deposit for acquisitions, net
47,019

 
48,274

Other assets
46,851

 
45,373

Total assets
$
2,444,345

 
$
2,448,279

LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
  
Current liabilities:
 
 
  
Current portion of long-term debt, including consolidated variable interest entities of $315,530 in 2017 and $314,928 in 2016
$
327,749

 
$
327,459

Accounts payable
12,325

 
12,009

Accrued expenses and other current liabilities, including consolidated variable interest entities of $54,018 in 2017 and $44,633 in 2016
143,741


119,179

Due to affiliates, net
9,786

 
16,084

Total current liabilities
493,601

 
474,731

Long-term debt, less current portion
761,329

 
758,609

Asset retirement obligations
11,522

 
10,310

Other long-term liabilities including consolidated variable interest entities of $50,629 in 2017 and $5,813 in 2016")
1,498

 
6,810

Deferred tax liabilities, including consolidated variable interest entities of $35,697 in 2017 and $40,817 in 2016
55,488

 
52,106

Total liabilities
1,323,438

 
1,302,566

Stockholders’ Equity:
 
 
 
Preferred stock, par value $0.01 per share, 50,000,000 shares authorized, no shares issued and outstanding at June 30, 2017 or December 31, 2016

 

Class A common stock, par value $0.01 per share, 2,750,000,000 shares authorized, 112,970,826 shares issued and outstanding at June 30, 2017, 113,253,681 shares issued and outstanding at December 31, 2016
1,129

 
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 June 30, 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 June 30, 2017 or December 31, 2016

 

Treasury stock
(5,166
)
 
(4,739
)
Additional paid-in capital
957,932

 
940,405

Accumulated deficit
(278,336
)
 
(266,242
)
Accumulated other comprehensive income
2,020

 
12,119

Total TerraForm Global, Inc. stockholders’ equity
678,192

 
683,288

Non-controlling interests
442,715

 
462,425

Total stockholders’ equity
1,120,907

 
1,145,713

Total liabilities and stockholders’ equity
$
2,444,345

 
$
2,448,279

See accompanying notes to unaudited condensed consolidated financial statements.

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