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SEC Filings
TERRAFORM POWER, INC. filed this Form 10-K on 03/15/2019
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When the following terms and abbreviations appear in the text of this report, they have the meanings indicated below:
Adjusted EBITDA
Adjusted EBITDA is defined as net income (loss) plus depreciation, accretion and amortization, non-cash general and administrative costs, interest expense, income tax (benefit) expense, acquisition related expenses, and certain other non-cash charges, unusual or non-recurring items and other items that we believe are not representative of our core business or future operating performance
Accounting Standards Codification
Accounting Standards Update
Cash available for distribution or CAFD
Cash available for distribution is defined as Adjusted EBITDA (i) minus cash distributions paid to non-controlling interests in our renewable energy facilities, if any, (ii) minus annualized scheduled interest and project level amortization payments in accordance with the related borrowing arrangements, (iii) minus average annual sustaining capital expenditures (based on the long-sustaining capital expenditure plans) which are recurring in nature and used to maintain the reliability and efficiency of our power generating assets over our long-term investment horizon, (iv) plus or minus operating items as necessary to present the cash flows we deem representative of our core business operations.

As compared to the preceding period, we revised our definition of CAFD to (i) exclude adjustments related to deposits into and withdrawals from restricted cash accounts, required by project financing arrangements, (ii) replace sustaining capital expenditures payment made in the year with the average annualized long-term sustaining capital expenditures to maintain reliability and efficiency of our assets, and (iii) annualized debt service payments. We revised our definition as we believe it provides a more meaningful measure for investors to evaluate our financial and operating performance and ability to pay dividends.   For items presented on an annualized basis, we will present actual cash payments as a proxy for an annualized number until the period commencing January 1, 2018.

Gigawatt hours
Hypothetical Liquidation at Book Value
Incentive Distribution Rights
International Swaps and Derivatives Association, Inc.
Investment tax credit
Kilowatt hours
London Inter-bank Offered Rate
Megawatt hours
Nameplate capacity
Nameplate capacity represents the maximum generating capacity of a facility as expressed in (1) direct current (“DC”), for all facilities within our Solar reportable segment, and (2) alternating current (“AC”) for all facilities within our Wind and Regulated Solar and Wind reportable segments.

Operations and maintenance
As applicable, Power Purchase Agreement, energy hedge contract and/or REC or SREC contract
Production tax credit
Renewable energy certificate or SREC
Renewable energy facilities
Solar generation facilities and wind power plants
Solar renewable energy certificate
Accounting principles generally accepted in the United States
In this Annual Report on Form 10-K, all references to “$” are to U.S. dollars. Canadian dollars, Euros and British pounds sterling are identified as “C$”, “€”, and “£” respectively.