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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)
(CONTINUED)

 
Year Ended December 31,
2018
 
2017
 
2016
Cash flows from financing activities:
 
 
 
 
 
Proceeds from issuance of Class A common stock to affiliates
$
650,000

 
$

 
$

Proceeds from the Sponsor Line - affiliate
86,000

 

 

Repayments of the Sponsor Line - affiliate
(86,000
)
 

 

Repayment of the Old Senior Notes due 2023

 
(950,000
)
 

Proceeds from the Senior Notes due 2023

 
494,985

 

Proceeds from the Senior Notes due 2028

 
692,979

 

Proceeds from Term Loan

 
344,650

 

Term Loan principal repayments
(3,500
)
 

 

Old Revolver repayments

 
(552,000
)
 
(103,000
)
Revolver draws
679,000

 
265,000

 

Revolver repayments
(362,000
)
 
(205,000
)
 

Proceeds from borrowings of non-recourse long-term debt
236,251

 
79,835

 
86,662

Principal repayments on non-recourse long-term debt
(259,017
)
 
(569,463
)
 
(156,042
)
Debt premium prepayment

 
(50,712
)
 

Debt financing fees
(9,318
)
 
(29,972
)
 
(17,436
)
Sale of membership interests and contributions from non-controlling interests in renewable energy facilities
7,685

 
6,935

 
16,685

Purchase of membership interests and distributions to non-controlling interests in renewable energy facilities
(29,163
)
 
(31,163
)
 
(24,270
)
Net SunEdison investment

 
7,694

 
42,463

Due to/from affiliates, net
4,803

 
(8,869
)
 
(32,256
)
Payment of dividends
(135,234
)
 
(285,497
)
 

Recovery of related party short swing profit
2,994

 

 

Other financing activities

 
1,085

 

Net cash provided by (used in) financing activities
782,501

 
(789,513
)
 
(187,194
)
Net increase (decrease) in cash, cash equivalents and restricted cash
176,704

 
(516,044
)
 
(45,318
)
Net change in cash, cash equivalents and restricted cash classified within assets held for sale

 
54,806

 
(54,806
)
Effect of exchange rate changes on cash, cash equivalents and restricted cash
(8,682
)
 
3,188

 
(10,072
)
Cash, cash equivalents and restricted cash at beginning of period
224,787

 
682,837

 
793,033

Cash, cash equivalents and restricted cash at end of period
$
392,809

 
$
224,787

 
$
682,837

 
 
 
 
 
 
Supplemental Disclosures:
 
 
 
 
 
Cash paid for interest, net of amounts capitalized
$
250,734

 
$
260,685

 
$
257,269

Cash paid for income taxes
430

 

 
$

Schedule of non-cash activities:
 
 
 
 
 
Additions to renewable energy facilities in accounts payable and accrued expenses
4,000

 
$
1,622

 
$

Write-off of payables to SunEdison to additional paid-in capital

 
15,677

 

Additions of asset retirement obligation (ARO) assets and liabilities

 

 
2,132

Revisions in estimates for asset retirement obligations

 

 
(7,920
)
Adjustment to ARO related to change in accretion period
(15,734
)
 

 
(22,204
)
Issuance of class A common stock to affiliates for settlement of litigation
881

 

 

ARO assets and obligations from acquisitions
68,441

 

 
136

Long-term debt assumed in connection with acquisitions
1,932,743

 

 




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