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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 CASH FLOWS
(In thousands)

 
Year Ended December 31,
2018
 
2017
 
2016
Cash flows from operating activities:
 
 
 
 
 
Net loss
$
(153,327
)
 
$
(236,303
)
 
$
(243,747
)
Adjustments to reconcile net loss to net cash provided by operating activities:
 
 
 
 
 
Depreciation, accretion and amortization expense
341,837

 
246,720

 
243,365

Amortization of favorable and unfavorable rate revenue contracts, net
38,767

 
39,576

 
40,219

Loss on extinguishment of debt, net
1,480

 
81,099

 
1,079

Gain on sale of renewable energy facilities

 
(37,116
)
 

Impairment of goodwill

 

 
55,874

Impairment of renewable energy facilities
15,240

 
1,429

 
18,951

Loss on disposal of property, plant and equipment
6,231

 
5,828

 

Amortization of deferred financing costs and debt discounts
11,009

 
23,729

 
24,160

Unrealized (gain) loss on interest rate swaps
(13,116
)
 
2,425

 
24,209

Loss on note receivable
4,510

 

 

Unrealized loss on commodity contract derivatives, net
4,497

 
6,847

 
11,773

Recognition of deferred revenue
(1,320
)
 
(18,238
)
 
(16,527
)
Stock-based compensation expense
257

 
16,778

 
6,059

Unrealized (gain) loss on foreign currency exchange, net
(12,899
)
 
(5,583
)
 
15,795

Loss on investments and receivables - affiliate

 
1,759

 
3,336

Deferred taxes
(14,891
)
 
(19,911
)
 
2,615

Other, net

 
(1,166
)
 
2,542

Changes in assets and liabilities, excluding the effect of acquisitions and divestitures:
 
 
 
 
 
Accounts receivable
12,569

 
(2,939
)
 
3,112

Prepaid expenses and other current assets
(5,512
)
 
803

 
(8,585
)
Accounts payable, accrued expenses and other current liabilities
(18,976
)
 
(42,736
)
 
(1,156
)
Due to affiliates, net
3,023

 
3,968

 

Deferred revenue

 
199

 
4,803

Other, net
33,822

 
29

 
3,932

Net cash provided by operating activities
253,201

 
67,197

 
191,809

Cash flows from investing activities:
 
 
 
 
 
Cash paid to third parties for renewable energy facility construction and other capital expenditures
(22,445
)
 
(8,392
)
 
(45,869
)
Proceeds from insurance reimbursement
1,543

 

 

Proceeds from the settlement of foreign currency contracts
47,590

 

 

Proceeds from sale of renewable energy facilities, net of cash and restricted cash disposed

 
183,235

 

Proceeds from energy state rebate and reimbursable interconnection costs
8,733

 
25,679

 

Other investing activities

 
5,750

 

Acquisitions of renewable energy facilities from third parties, net of cash and restricted cash acquired
(8,315
)
 

 
(4,064
)
Acquisition of Saeta business, net of cash and restricted cash acquired
(886,104
)
 

 

Net cash (used in) provided by investing activities
$
(858,998
)
 
$
206,272

 
$
(49,933
)



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