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

(1)
Following the acquisition of Saeta, the Company earned $186.7 million from the Spanish Electricity System For the year ended December 31, 2018 of which $127.9 million was through collections from the Comisión Nacional de los Mercados y la Competencia (“CMNC”), representing 16.7% of its net consolidated operating revenues. The role of the CMNC is to collect funds payable, mainly from the tariffs to end user customers and is responsible for the calculation and the settlement of regulated payments.
(2)
These customers did not exceed 10% of total operating revenue for the year ended December 31, 2018.

The following table reflects operating revenues, net earned during the years ended December 31, 2018, 2017 and 2016 by geographic location:
 
 
Year Ended December 31,
(In thousands)
 
2018
 
2017
 
2016
United States (including Puerto Rico)
 
$
473,950

 
$
519,551

 
$
528,513

Canada
 
41,174

 
44,636

 
46,378

Spain
 
186,655

 

 

Portugal
 
17,269

 

 

United Kingdom
 
1,597

 
15,002

 
51,600

Uruguay
 
17,302

 

 

Chile
 
28,623

 
31,282

 
28,065

Total operating revenues, net
 
$
766,570

 
$
610,471

 
$
654,556


Long-lived Assets, Net

Long-lived assets, net consist of renewable energy facilities, intangible assets and goodwill as of December 31, 2018 and 2017, as applicable. The following table is a summary of long-lived assets, net by geographic area:
 
 
As of December 31,
(In thousands)
 
2018
 
2017
United States (including Puerto Rico)
 
$
5,030,483

 
$
5,270,988

Canada
 
362,829

 
422,999

Spain
 
2,503,420

 

Portugal
 
251,053

 

United Kingdom
 
13,183

 
17,284

Uruguay
 
264,798

 

Chile
 
161,217

 
168,440

Total long-lived assets, net
 
8,586,983

 
5,879,711

Current assets
 
501,185

 
341,536

Other non-current assets
 
242,186

 
165,774

Total assets
 
$
9,330,354

 
$
6,387,021




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