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SEC Filings

8-K
TERRAFORM GLOBAL, INC. filed this Form 8-K on 11/14/2017
Entire Document
 
 
5 3Q 2017 Results Commentary Metrics 3Q 2017 3Q 2016 % change YoY Revenue, net ($M) $67 $55 22% Net Income / (Loss) ($M) ($37) ($18) n/a Non-GAAP Metrics 3Q 2017 3Q 2016 % change YoY Net MW Owned (Period End) 919 916 0% Capacity Factor 32.7% 28.6% +410 bps MWh (000s) 714 624 14% Adj. Revenue / MWh $95 $89 7% Adj. Revenue ($M) $68 $55 23% Adj. EBITDA ($M)1 $47 $39 21% Adj. EBITDA margin 70.0% 71.1% -110 bps CAFD ($M)1 ($3) ($13) n/a 1. Excludes non-operating cash costs incurred (costs that are not representative of our core operations)  Revenue and fleet production increased vs. previous year primarily due to stronger wind resource in Brazil & China  Net loss widened vs. 3Q 2016 due to the difference between the timing of recognition of certain litigation expenses and insurance receivables  Adjusted EBITDA increased vs. 3Q 2016 driven primarily by higher revenue  CAFD improved vs. 3Q 2016 driven primarily by stronger revenue, partially offset by larger settled FX hedge losses  Unrestricted cash of $632M as of September 30, 2017 Exhibit 99.1