Print Page  Close Window

SEC Filings
10-K
TERRAFORM POWER, INC. filed this Form 10-K on 03/15/2019
Entire Document
 
 
TERRAFORM POWER, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share data)


 
As of December 31,
 
2018
 
2017
Assets
 
 
 
Current assets:
 
 
 
Cash and cash equivalents
$
248,524

 
$
128,087

Restricted cash
27,784

 
54,006

Accounts receivable, net
145,161

 
89,680

Prepaid expenses and other current assets
79,520

 
65,393

Due from affiliate
196

 
4,370

Total current assets
501,185

 
341,536

 
 
 
 
Renewable energy facilities, net, including consolidated variable interest entities of $3,064,675 and $3,273,848 in 2018 and 2017, respectively
6,470,026

 
4,801,925

Intangible assets, net, including consolidated variable interest entities of $751,377 and $823,629 in 2018 and 2017, respectively
1,996,404

 
1,077,786

Goodwill
120,553

 

Restricted cash
116,501

 
42,694

Other assets
125,685

 
123,080

Total assets
$
9,330,354

 
$
6,387,021

Liabilities, Redeemable Non-controlling Interests and Stockholders' Equity
 
 
 
Current liabilities:
 
 
 
Current portion of long-term debt and financing lease obligations, including consolidated variable interest entities of $64,251 and $84,691 in 2018 and 2017, respectively
$
464,332

 
$
403,488

Accounts payable and accrued expenses, including consolidated variable interest entities of $55,446 and $32,624 in 2018 and 2017, respectively
177,089

 
85,693

Other current liabilities
38,244

 
2,845

Deferred revenue
1,626

 
17,859

Due to affiliates
6,991

 
3,968

Total current liabilities
688,282

 
513,853

Long-term debt and financing lease obligations, less current portion, including consolidated variable interest entities of $885,760 and $833,388 in 2018 and 2017, respectively
5,297,513

 
3,195,312

Deferred revenue, less current portion
12,090

 
38,074

Deferred income taxes
178,849

 
24,972

Asset retirement obligations, including consolidated variable interest entities of $86,456 and $97,467 in 2018 and 2017, respectively
212,657

 
154,515

Other liabilities
172,546

 
37,923

Total liabilities
6,561,937

 
3,964,649

 
 
 
 
Redeemable non-controlling interests
33,495

 
34,660

Stockholders equity:
 
 
 
Class A common stock, $0.01 par value per share, 1,200,000,000 shares authorized, 209,642,140 and 148,586,447 shares issued in 2018 and 2017, respectively, and 209,141,720 and 148,086,027 shares outstanding in 2018 and 2017, respectively
2,096

 
1,486

Additional paid-in capital
2,391,435

 
1,872,125

Accumulated deficit
(359,603
)
 
(387,204
)
Accumulated other comprehensive income
40,238

 
48,018

Treasury stock, 500,420 shares in 2018 and 2017
(6,712
)
 
(6,712
)
Total TerraForm Power, Inc. stockholders equity
2,067,454

 
1,527,713

Non-controlling interests
667,468

 
859,999

Total stockholders equity
2,734,922

 
2,387,712

Total liabilities, redeemable non-controlling interests and stockholders' equity
$
9,330,354

 
$
6,387,021




85