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SEC Filings
10-K
TERRAFORM POWER, INC. filed this Form 10-K on 03/15/2019
Entire Document
 
 
TERRAFORM POWER, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
(In thousands)


 
Year Ended December 31,
 
2018
 
2017
 
2016
Net loss
$
(153,327
)
 
$
(236,303
)
 
$
(243,747
)
Other comprehensive (loss) income, net of tax:
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net unrealized (loss) gain arising during the period
(9,517
)
 
10,300

 
(15,039
)
Reclassification of net realized loss into earnings1

 
14,741

 

Hedging activities:
 
 
 
 
 
Net unrealized gain (loss) arising during the period
198

 
17,612

 
(86
)
Reclassification of net realized (gain) loss into earnings2
(4,442
)
 
(2,247
)
 
15,967

Other comprehensive income, net of tax
(13,761
)
 
40,406

 
842

Total comprehensive loss
(167,088
)
 
(195,897
)
 
(242,905
)
Less comprehensive income (loss) attributable to non-controlling interests:
 
 
 
 
 
Net income attributable to redeemable non-controlling interests
9,209

 
1,596

 
6,482

Net loss attributable to non-controlling interests
(174,916
)
 
(77,745
)
 
(126,718
)
Foreign currency translation adjustments

 
8,665

 
(4,639
)
Hedging activities
(777
)
 
5,992

 
5,469

Comprehensive loss attributable to non-controlling interests
(166,484
)
 
(61,492
)
 
(119,406
)
Comprehensive loss attributable to Class A common stockholders
$
(604
)
 
$
(134,405
)

$
(123,499
)
———
(1)
Represents reclassification of the accumulated foreign currency translation loss for substantially all of the Company’s portfolio of solar power plants located in the United Kingdom, as the Company’s sale of these facilities closed in the second quarter of 2017 as discussed in Note 4. Acquisitions and Dispositions. The pre-tax amount of $23.6 million was recognized within gain on sale of renewable energy facilities in the consolidated statements of operations for the year ended December 31, 2017.
(2)
Includes $16.9 million loss reclassification for the year ended December 31, 2016 that occurred subsequent to the Company’s discontinuation of hedge accounting for interest rate swaps pertaining to variable rate non-recourse debt for substantially all of the Company’s portfolio of solar power plants located in the United Kingdom as discussed in Note 12. Derivatives. As discussed above, the Company’s sale of these facilities closed in the second quarter of 2017.




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