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SEC Filings
10-K
TERRAFORM POWER, INC. filed this Form 10-K on 03/15/2019
Entire Document
 

11. INCOME TAXES

The income tax provision/ (benefit) was calculated based on pre-tax book income (loss) between U.S. and foreign operations as follows:
(In thousands)
 
2018
 
2017
 
2016
Pretax income
 
 
 
 
 
 
United States
 
$
(182,289
)
 
$
(292,190
)
 
$
(237,518
)
Foreign
 
16,672

 
36,246

 
(3,495
)
Total Pretax Book Income
 
$
(165,617
)
 
$
(255,944
)
 
$
(241,013
)

The income tax provision consisted of the following:
(In thousands)
 
Current
 
Deferred
 
Total
Year ended December 31, 2018
 
 
 
 
 
 
U.S. federal
 
$
(461
)
 
$
(18,301
)
 
$
(18,762
)
State and local
 
323

 
(4,376
)
 
(4,053
)
Foreign
 
2,739

 
7,786

 
10,525

Total expense (benefit)
 
$
2,601

 
$
(14,891
)
 
$
(12,290
)
Tax expense in equity
 

 
2,826

 
2,826

Total
 
$
2,601

 
$
(12,065
)
 
$
(9,464
)
 
 
 
 
 
 
 
Year ended December 31, 2017
 
 
 
 
 
 
U.S. federal
 
$
(45
)
 
$
(20,489
)
 
(20,534
)
State and local
 
95

 
(1,211
)
 
(1,116
)
Foreign
 
220

 
1,789

 
2,009

Total expense
 
$
270

 
$
(19,911
)
 
$
(19,641
)
Tax expense in equity
 

 
14,081

 
14,081

Total
 
$
270

 
$
(5,830
)
 
$
(5,560
)
 
 
 
 
 
 
 
Year ended December 31, 2016
 
 
 
 
 
 
U.S. federal
 
$
66

 
$
2,137

 
$
2,203

State and local
 
53

 
(1,109
)
 
(1,056
)
Foreign
 

 
1,587

 
1,587

Total expense (benefit)
 
$
119

 
$
2,615

 
$
2,734

Tax expense in equity
 

 
406

 
406

Total
 
$
119

 
$
3,021

 
$
3,140




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