PATTERN ENERGY GROUP INC. PEGI Cash Flow

Pattern energy group inc. (PEGI)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12
Operating activities
Net loss
-107,000	-69,000	-82,000	-52,000	-55,607	-39,999	10,072	-13,376
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation, amortization and accretion
353,000	280,000	215,000	189,000	143,376	104,417	83,180	49,027
Asset Impairment Charges
0	7,000	0	0	-	-	-	-
Impairment loss
-	-	-	-	-	-	0	-
Amortization of financing costs
-	-	-	-	7,435	6,309	6,816	2,546
Distribution from unconsolidated investments
-	-	-	-	0	0	0	-
Amortization of debt discount/premium, net
-	-	-	-	1,660	0	0	-
Amortization of power purchase agreements, net
-	-	-	-	1,946	0	0	-
Loss on derivatives
-5,000	-4,000	-16,000	-22,000	-13,440	-15,546	4,329	-11,904
Share-based Payment Arrangement, Noncash Expense
5,000	5,000	5,000	5,000	4,462	4,105	500	-
Net gain on transactions
-	-	-	-	-	16,526	5,995	4,173
Deferred taxes
38,000	16,000	15,000	8,000	4,494	2,948	4,546	-3,604
Intraperiod tax allocation
-	-	-	-	0	-	-	-
Earnings in unconsolidated investments, net
107,000	1,000	41,000	30,000	16,180	-25,295	7,846	-40
Distributions from unconsolidated investments
40,000	48,000	54,000	15,000	-	-	-	-
Gain on transactions
0	71,000	0	0	-	-	-	-
Realized loss on derivatives, net
-	-	-	-	-	0	0	-
Early extinguishment of debt
0	-6,000	-9,000	0	-4,722	0	0	-
Other reconciling items
0	1,000	-5,000	-4,000	1,221	0	-	-
Changes in operating assets and liabilities:
Counterparty collateral asset
6,000	24,000	14,000	-44,000	0	0	-	-
Trade receivables
13,000	-1,000	10,000	-8,000	2,254	8,255	8,721	298
Reimbursable interconnection receivable
-	-	-	-	-	-	11	-
Prepaid expenses
-	-	-	-	-1,272	4,100	7,021	5,842
Other current assets
19,000	-15,000	14,000	4,000	2,218	-17,016	-4,323	-
Other assets (non-current)
11,000	6,000	-2,000	-1,000	2,336	649	566	428
Accounts payable and other accrued liabilities
-24,000	3,000	18,000	-3,000	4,716	3,667	3,036	-379
Counterparty collateral liability
-6,000	-24,000	-14,000	44,000	0	0	-	-
Contract liability
0	-34,000	0	0	-	-	-	-
Other current liabilities
-1,000	26,000	15,000	2,000	515	-	-	-
Other long-term liabilities
3,000	-20,000	21,000	7,000	2,696	239	0	-
Related party receivable/payable
-	-	-	-	-	942	-190	100
Accrued interest
-	-	-	-	4,489	1,377	-33	-78
Contingent liabilities
5,000	0	0	-	0	0	0	-188
Derivatives
-	-	-	-	0	-	-	-
Increase in restricted cash
-	-	-	-	-	-	0	-
Decrease in restricted cash
-	-	-	-	-	-	0	-
Net cash provided by operating activities
167,000	279,000	218,000	164,000	117,849	110,448	78,152	35,051
Investing activities
Receipt of ITC Cash Grant
-	-	-	-	-	-	173,446	79,910
Payments to Acquire Businesses, Net of Cash Acquired
326,000	415,000	297,000	136,000	422,413	283,848	30,070	-
Proceeds from sale of investments, net of cash and restricted cash distributed
0	214,000	0	0	-	-	-	-
Capital expenditures
264,000	181,000	44,000	33,000	-	1,013,365	0	641,422
Proceeds from sale of investments
-	-	-	-	-	-	14,254	4,173
Decrease in restricted cash
-	-	-	-	-	-	66,517	28,431
Increase in restricted cash
-	-	-	-	-	-	80,569	36,576
Deferred development costs
-	-	-	-	-	-	528	7,093
Distributions from unconsolidated investments
131,000	10,000	13,000	42,000	38,240	22,019	10,463	-
Other assets
-	-	-	-	380,458	119,506	123,517	-
Other assets
-	-	-	-	-5,559	-21,432	-2,358	-
Investment in Pattern Development 2.0
-	-	-	-	0	-	-	-
Contribution to unconsolidated investments
-	-	-	-	-	-	9,678	22,387
Reimbursable interconnection receivable
-	-	-	-	-	-	49,715	47,055
Other assets
8,000	1,000	-	-	-	-	-	-
Other assets
-	-	8,000	3,000	3	2,651	-	-
Issuance of notes receivable
4,000	0	0	-	-	-	-	-
Other assets (non-current)
-	-	-	-	-	-	-	3,066
Net cash used in investing activities
-471,000	-373,000	-320,000	-124,000	-759,075	-362,554	72,391	-638,953
Financing activities
Proceeds from preferred share offering
256,000	0	0	-	-	-	-	-
Proceeds from common share offering
0	0	237,000	286,000	317,432	286,757	317,926	-
Proceeds from issuance of convertible senior notes, net of issuance costs
-	-	-	-	218,929	0	0	-
Proceeds from exercise of stock options
-	-	-	-	-	327	0	-
Repurchase of shares for employee tax withholding
-	-	-	-	-	693	24	-
Dividends paid
165,000	165,000	145,000	120,000	90,582	52,344	0	-
Payment for acquisitions from Pattern Development
-	-	-	-	-	-	49,430	-
Capital distributions - Contribution Transactions
-	-	-	-	-	-	232,640	-
Capital contributions - Pattern Development
-	-	-	-	-	-	32,679	281,519
Capital distributions - Pattern Development
-	-	-	-	-	-	98,886	114,236
Payments of Stock Issuance Costs
1,000	0	0	-	-	550	0	-
Buyout of noncontrolling interest
-	-	-	-	121,224	0	0	-
Capital contributions - noncontrolling interests
28,000	98,000	0	0	336,043	200,805	0	-
Capital distributions - noncontrolling interests
41,000	38,000	20,000	18,000	7,882	2,100	2,292	1,298
Decrease in restricted cash
-	-	-	-	-	-	122,689	26,669
Increase in restricted cash
-	-	-	-	-	-	127,369	15,850
Refund of deposit for letters of credit
-	-	-	-	-3,425	3,422	0	-
Payment for financing fees
5,000	9,000	16,000	0	13,667	11,856	294	19,989
Proceeds from short-term debt
612,000	562,000	333,000	175,000	-	-	-	-
Repayment of short-term debt
654,000	402,000	513,000	350,000	-	-	-	-
Proceeds from revolving credit facility
-	-	-	-	405,000	50,000	56,000	-
Repayment of revolving credit facility
-	-	-	-	100,000	0	56,000	-
Proceeds from construction loans
-	-	-	-	329,070	59,778	0	-
Proceeds from long-term debt and other
454,000	226,000	694,000	0	164,973	0	138,620	497,226
Repayment of long-term debt and other
57,000	186,000	483,000	48,000	785,923	259,437	164,380	27,546
Cash paid for contingent consideration
21,000	0	0	-	-	-	-	-
Payment for termination of designated derivatives
-	-	-	-	0	0	0	-
Proceeds (payments) for termination of designated derivatives
3,000	-1,000	14,000	0	11,061	-	-	-
Disposition of controlling interest, net
0	0	58,000	0	0	-	-	-
Other financing activities
-3,000	-4,000	-6,000	-2,000	-860	0	-	-
Net cash provided by financing activities
400,000	83,000	125,000	-77,000	643,673	267,265	-63,401	573,167
Repayment of construction and grant loans
-	-	-	-	-	-	-	53,328
Effect of exchange rate changes on cash, cash equivalents and restricted cash
0	-4,000	6,000	0	-5,501	-2,018	-1,147	637
Net change in cash, cash equivalents and restricted cash
96,000	-15,000	29,000	-37,000	-3,054	13,141	85,995	-30,098
Supplemental disclosures
Cash payments for income taxes
16,000	2,000	0	0	342	131	0	-
Cash payments for interest expense
100,000	97,000	86,000	70,000	62,607	53,776	53,295	33,215
Schedule of non-cash activities
Change in fair value of designated interest rate swaps
-	-	-	-	-	-	36,875	-11,170
Amortization of deferred financing costs - included as construction in progress
-	-	-	-	-	-	-	3,824
Change in property, plant and equipment
33,000	224,000	2,000	1,000	15,695	-47,908	-109,281	79,181
Non-cash deemed dividends on Class B convertible common stock
-	-	-	-	-	21,901	0	-
Change in additional paid-in capital
2,000	0	-2,000	0	16,715	0	0	-
Change in other assets
-	-	-	-	-	343	175	-
Equity issuance costs paid in prior period related to current period offerings
-	-	-	-	-	-	-884	-
Accrual of equity issuance costs
1,000	0	0	-	-	-	-	-
Preferred share dividends declared
4,000	0	0	-	-	-	-	-
Purchase consideration
3,000	0	0	-	-	-	-	-
Transfer of capitalized assets to South Kent joint venture
-	-	-	-	-	-	49,275	-
Non-cash distribution to Pattern Development
-	-	-	-	-	-	5,748	-
Assumption of contingent liability related to Contribution Transactions
-	-	-	-	-	-	4,207	-
Assumption of contingent liability upon acquisition of Logans Gap
-	-	-	-	-	-	0	-