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SEC Filings

10-Q
TERRAFORM GLOBAL, INC. filed this Form 10-Q on 11/08/2017
Entire Document
 

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

2017
 
2016
ASSETS
 
 
 
Current assets:
 
 
 
Cash and cash equivalents
$
631,635

 
$
680,893

Current portion of restricted cash, including consolidated variable interest entities of $68,534 in 2017 and $64,786 in 2016
123,680

 
79,294

Accounts receivable, net
40,444

 
37,596

Prepaid expenses and other current assets, including consolidated variable interest entities of $79,379 in 2017 and $85,501 in 2016
92,603

 
102,555

Total current assets
888,362

 
900,338

Power plants, net, including consolidated variable interest entities of $375,039 in 2017 and $431,686 in 2016
1,345,793

 
1,355,362

Restricted cash
13,426

 
16,482

Intangible assets, net, including consolidated variable interest entities of $54,596 in 2017 and $56,077 in 2016
82,177

 
82,450

Deposit for acquisitions, net
46,243

 
48,274

Other assets
53,242

 
45,373

Total assets
$
2,429,243

 
$
2,448,279

LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
  
Current liabilities:
 
 
  
Current portion of long-term debt, including consolidated variable interest entities of $308,948 in 2017 and $314,928 in 2016
$
320,355

 
$
327,459

Accounts payable
12,573

 
12,009

Accrued expenses and other current liabilities, including consolidated variable interest entities of $42,907 in 2017 and $44,633 in 2016
163,835


119,179

Due to affiliates, net
13,987

 
16,084

Total current liabilities
510,750

 
474,731

Long-term debt, less current portion
763,529

 
758,609

Asset retirement obligations
11,668

 
10,310

Other long-term liabilities including consolidated variable interest entities of $48,155 in 2017 and $5,813 in 2016")
1,103

 
6,810

Deferred tax liabilities, including consolidated variable interest entities of $35,260 in 2017 and $40,817 in 2016
54,340

 
52,106

Total liabilities
1,341,390

 
1,302,566

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

 

Class A common stock, par value $0.01 per share, 2,750,000,000 shares authorized, 111,849,859 shares issued and outstanding at September 30, 2017, 113,253,681 shares issued and outstanding at December 31, 2016
1,147

 
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 September 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 September 30, 2017 or December 31, 2016

 

Treasury stock
(6,215
)
 
(4,739
)
Additional paid-in capital
958,832

 
940,405

Accumulated deficit
(301,631
)
 
(266,242
)
Accumulated other comprehensive income
5,771

 
12,119

Total TerraForm Global, Inc. stockholders’ equity
658,517

 
683,288

Non-controlling interests
429,336

 
462,425

Total stockholders’ equity
1,087,853

 
1,145,713

Total liabilities and stockholders’ equity
$
2,429,243

 
$
2,448,279


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