PATTERN ENERGY GROUP INC. PEGI Cash Flow

Pattern energy group inc. (PEGI)

CashFlow / TTM

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13
Operating activities
Net loss
-107,000	-170,000	-130,000	-102,000	-69,000	-67,479	-84,855	-97,539	-82,000	-56,777	-19,451	-20,413	-52,000	-59,617	-83,899	-62,596	-55,607	-67,720	-41,669	-40,159	-39,999	-43,388	-29,864	6,957	10,072	0	0	0
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation, amortization and accretion
353,000	351,000	329,000	308,000	280,000	246,670	247,742	233,260	215,000	214,548	194,169	189,329	189,000	172,050	166,624	157,731	143,376	134,049	125,797	112,296	104,417	93,898	85,077	81,791	83,180	0	0	0
Amortization of financing costs
-	-	-	-	-	-	-	-	-	-	0	7,080	-	7,096	7,297	7,438	7,435	7,644	7,097	6,657	6,309	5,634	5,593	5,981	6,816	0	0	0
Amortization of debt discount/premium, net
-	-	-	-	-	-	-	-	-	-	0	4,296	-	4,009	3,734	2,692	1,660	0	0	0	-	-	-	-	-	-	-	-
Amortization of power purchase agreements, net
-	-	-	-	-	-	-	-	-	-	0	3,032	-	3,049	3,453	2,699	1,946	0	0	0	-	-	-	-	-	-	-	-
Loss on derivatives
-5,000	-15,000	-16,000	-5,000	-4,000	4,869	-3,669	-17,650	-16,000	-10,112	-122	-6,593	-22,000	-42,404	-45,316	-31,728	-13,440	1,403	5,068	-3,559	-15,546	-19,100	-14,870	-2,255	4,329	0	0	0
Share-based Payment Arrangement, Noncash Expense
5,000	5,000	5,000	5,000	5,000	4,915	4,232	5,015	5,000	4,723	4,991	4,790	5,000	5,590	5,250	4,842	4,462	4,211	3,919	4,387	4,105	3,628	2,675	1,033	500	0	0	0
Deferred taxes
38,000	8,000	10,000	12,000	16,000	19,867	16,851	17,307	15,000	13,452	14,662	11,550	8,000	7,835	4,365	6,515	4,494	4,793	3,531	4,102	2,948	9,842	13,975	2,222	4,546	0	0	0
Earnings in unconsolidated investments, net
107,000	-28,000	-22,000	-23,000	1,000	26,569	26,605	42,124	41,000	41,676	50,325	43,359	30,000	31,122	16,531	22,779	16,180	-3,244	1,660	-15,829	-25,295	-18,580	-11,733	5,323	7,846	0	0	0
Distributions from unconsolidated investments
40,000	24,000	29,000	41,000	48,000	53,907	55,290	51,513	54,000	57,716	46,333	31,487	15,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other reconciling items
-	-	-	-	-	-	-	-	-5,000	-6,091	-4,052	-3,655	-4,000	44	-914	83	1,221	0	0	0	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Counterparty collateral asset
6,000	6,000	5,000	12,000	24,000	27,895	28,801	24,342	14,000	12,748	14,679	18,835	-44,000	-46,643	-49,480	-61,177	0	0	0	0	-	-	-	-	-	-	-	-
Trade receivables
13,000	13,000	7,000	16,000	-1,000	7,139	12,005	7,568	10,000	939	-3,758	3,647	-8,000	1,833	1,083	-673	2,254	-2,657	-716	1,610	8,255	6,041	17,104	1,857	8,721	0	0	0
Reimbursable interconnection receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Prepaid expenses
-	-	-	-	-	-	-	-	-	0	0	-295	-	3,727	-1,565	2,457	-1,272	13,245	21,246	3,038	4,100	-9,511	-25,348	3,859	7,021	0	0	0
Other current assets
19,000	18,000	1,000	-7,000	-15,000	-7,790	3,362	7,917	14,000	10,081	4,718	9,197	4,000	-656	5,472	1,222	2,218	0	0	0	-	-	-	-	-	-	-	-
Other assets (non-current)
11,000	10,000	22,000	16,000	6,000	4,457	2,561	1,992	-2,000	-2,592	-1,722	-4,228	-1,000	-551	398	2,492	2,336	2,168	443	607	649	711	637	573	566	0	0	0
Accounts payable and other accrued liabilities
-24,000	0	3,000	37,000	3,000	-1,389	-25,001	3,418	18,000	16,047	37,632	11,253	-3,000	-2,122	-5,530	-13,267	4,716	6,205	3,934	8,000	3,667	-184	2,430	-1,170	3,036	0	0	0
Counterparty collateral liability
-6,000	-6,000	-5,000	-12,000	-24,000	-27,895	-28,801	-24,342	-14,000	-12,748	-14,679	-18,835	44,000	46,643	49,480	61,177	0	0	0	0	-	-	-	-	-	-	-	-
Other current liabilities
-1,000	30,000	28,000	4,000	26,000	-650	3,667	6,975	15,000	7,839	6,766	2,243	2,000	562	-1,069	-1,296	515	0	0	0	-	-	-	-	-	-	-	-
Other long-term liabilities
3,000	-27,000	-25,000	-26,000	-20,000	13,431	18,352	21,728	21,000	16,617	11,295	8,568	7,000	7,565	7,779	3,254	2,696	0	0	0	-	-	-	-	-	-	-	-
Related party receivable/payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-581	-104	222	942	536	580	-233	-190	0	0	0
Accrued interest
-	-	-	-	-	-	-	-	-	0	0	3,968	-	-3,498	3,622	628	4,489	4,264	2,077	-1,852	1,377	-1,807	-279	-268	-33	0	0	0
Contingent liabilities
-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Derivatives
-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
167,000	167,000	230,000	259,000	279,000	288,670	184,817	202,248	218,000	215,959	251,207	193,031	164,000	141,938	139,225	116,331	117,849	109,830	98,226	110,282	110,448	93,657	97,317	86,166	78,152	0	0	0
Investing activities
Payments to Acquire Businesses, Net of Cash Acquired
326,000	211,000	207,000	229,000	415,000	342,671	341,972	489,725	297,000	361,305	306,028	136,275	136,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures
264,000	211,000	158,000	160,000	181,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Proceeds from sale of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,254	0	0	0
Decrease in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	26,646	64,940	66,039	66,517	0	0	0
Increase in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	10,408	66,595	80,567	80,569	0	0	0
Payment for property, plant and equipment
-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Deferred development costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	528	0	0	0
Distributions from unconsolidated investments
131,000	21,000	18,000	17,000	10,000	6,789	8,610	8,795	13,000	13,145	18,616	26,391	42,000	54,812	56,167	51,978	38,240	0	0	0	-	-	-	-	10,463	0	0	0
Other assets
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	380,458	96,241	335,461	183,776	119,506	0	0	0	-	-	-	-
Investment in Pattern Development 2.0
-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contribution to unconsolidated investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,261	5,034	4,437	9,678	0	0	0
Reimbursable interconnection receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	1,418	44,458	45,906	49,715	0	0	0
Other assets
-	-	-	0	-	-	-	0	-	-	-	-	3,000	139	166	128	3	0	0	0	-	-	-	-	-	-	-	-
Other assets (non-current)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
Net cash used in investing activities
-471,000	-243,000	-134,000	-142,000	-373,000	-348,194	-423,839	-593,685	-320,000	-444,777	-322,857	-116,920	-124,000	-66,940	-159,833	-722,200	-759,075	-894,647	-794,054	-405,190	-362,554	-184,233	-153,069	134,476	72,391	0	0	0
Financing activities
Proceeds from common share offering
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	317,432	317,745	195,405	483,815	286,757	0	0	0	-	-	-	0
Repurchase of shares for employee tax withholding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	644	948	948	693	0	0	0	-	-	-	0
Dividends paid
165,000	165,000	166,000	166,000	165,000	161,057	155,456	150,478	145,000	142,784	135,447	127,811	120,000	112,286	107,509	102,715	90,582	78,695	69,344	56,840	52,344	0	0	0	-	-	-	0
Capital contributions - Pattern Development
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32,679	0	0	0
Capital distributions - Pattern Development
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	98,886	0	0	0
Capital contributions - noncontrolling interests
28,000	119,000	103,000	103,000	98,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital distributions - noncontrolling interests
41,000	42,000	38,000	40,000	38,000	35,299	31,837	26,353	20,000	19,930	18,976	16,730	18,000	15,271	14,558	11,051	7,882	0	0	0	-	-	-	-	2,292	0	0	0
Decrease in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	19,543	127,434	127,357	122,689	0	0	0
Increase in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	14,402	19,555	129,824	127,369	0	0	0
Refund of deposit for letters of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,425	0	0	0	-	-	-	-	-	-	-	-
Payment for financing fees
5,000	3,000	2,000	3,000	9,000	15,237	15,260	16,975	16,000	7,629	7,606	5,025	0	0	0	0	-	-	-	-	11,856	603	579	838	294	0	0	0
Repayment of note payable - related party
-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from short-term debt
612,000	326,000	373,000	354,000	562,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of short-term debt
654,000	475,000	345,000	408,000	402,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from revolving credit facility
-	-	-	-	-	-	-	-	-	0	0	155,000	-	130,000	175,000	425,000	405,000	0	0	0	-	-	-	-	-	-	-	-
Repayment of revolving credit facility
-	-	-	-	-	-	-	-	-	0	0	510,000	-	340,000	90,000	70,000	100,000	0	0	0	-	-	-	-	-	-	-	-
Proceeds from construction loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	329,070	0	0	0	-	-	-	-	-	-	-	-
Proceeds from long-term debt and other
454,000	491,000	176,000	158,000	226,000	454,605	416,605	457,000	694,000	404,395	404,395	350,000	0	0	0	0	-	-	-	-	-	-	-	-	138,620	0	0	0
Repayment of long-term debt and other
57,000	177,000	177,000	175,000	186,000	343,891	443,176	491,674	483,000	200,787	100,562	49,383	48,000	420,209	782,802	786,431	785,923	611,388	262,724	262,042	259,437	176,182	164,661	163,979	164,380	0	0	0
Payment for termination of designated derivatives
-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other financing activities
-3,000	-2,000	-5,000	-5,000	-4,000	-5,288	-2,382	-3,997	-6,000	-5,078	-4,558	-3,860	-2,000	-1,494	-1,920	-999	-860	0	0	0	-	-	-	-	-	-	-	-
Net cash provided by financing activities
400,000	49,000	-104,000	-184,000	83,000	88,774	189,494	296,523	125,000	253,663	148,246	78,191	-77,000	-134,505	7,111	433,361	643,673	676,904	564,649	457,564	267,265	173,168	247,807	-148,442	-63,401	0	0	0
Effect of exchange rate changes on cash, cash equivalents and restricted cash
0	0	-1,000	-5,000	-4,000	-952	1,752	5,000	6,000	2,202	231	-1,837	0	-432	-888	-771	-5,501	-4,495	-4,869	-4,615	-2,018	-1,023	208	-701	-1,147	0	0	0
Net change in cash, cash equivalents and restricted cash
96,000	-27,000	5,000	-72,000	-15,000	28,298	-61,776	-89,914	29,000	27,047	76,827	152,465	-37,000	-59,939	-14,385	-173,279	-3,054	-112,408	-136,048	158,041	13,141	81,569	192,263	71,499	85,995	0	0	0
Supplemental disclosures
Cash payments for income taxes
16,000	18,000	16,000	16,000	2,000	-335	-288	-247	0	102	133	150	0	282	311	421	342	0	0	0	-	-	-	-	-	-	-	-
Cash payments for interest expense
100,000	94,000	93,000	93,000	97,000	94,900	101,334	96,393	86,000	80,928	67,131	68,403	70,000	72,540	74,695	68,369	62,607	59,975	50,927	59,820	53,776	51,157	50,881	52,314	53,295	0	0	0
Schedule of non-cash activities
Change in fair value of designated interest rate swaps
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	36,875	0	0	0
Capitalized interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Capitalized commitment fee
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Change in property, plant and equipment
33,000	59,000	178,000	112,000	224,000	227,381	117,890	123,044	2,000	-4,513	808	-9,643	1,000	1,083	-4,097	50,355	15,695	69,887	13,915	-61,072	-47,908	-46,311	-4,950	-35,060	-109,281	0	0	0
Accrual of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of capitalized assets to South Kent joint venture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Change in other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Non-cash distribution to Pattern Development
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0