| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|---|---|
Revenue: | ||||||||
Energy derivative settlements | ||||||||
- | - | - | - | - | - | - | 19,644 | 9,512 |
Unrealized gain (loss) on energy derivative | ||||||||
- | - | - | - | - | - | - | -6,951 | 17,577 |
Related party revenue | ||||||||
- | - | - | - | - | 3,317 | 911 | - | - |
Revenues | ||||||||
541,000 | 483,000 | 411,000 | 354,000 | 329,831 | 265,493 | 201,573 | 114,528 | 135,859 |
Cost of revenue: | ||||||||
Project expense | ||||||||
166,000 | 143,000 | 130,000 | 128,000 | 114,619 | 77,775 | 57,677 | 34,843 | 31,343 |
Transmission costs | ||||||||
25,000 | 26,000 | 19,000 | 1,000 | 0 | - | - | - | - |
Depreciation, amortization and accretion | ||||||||
318,000 | 250,000 | 199,000 | 175,000 | 143,376 | 104,417 | 83,180 | 49,027 | 39,424 |
Total cost of revenue | ||||||||
509,000 | 419,000 | 348,000 | 304,000 | 257,995 | 182,192 | 140,857 | 83,870 | 70,767 |
Gross profit | ||||||||
32,000 | 64,000 | 63,000 | 50,000 | 71,836 | 83,301 | 60,716 | 30,658 | 65,092 |
Operating expenses: | ||||||||
General and administrative | ||||||||
47,000 | 40,000 | 39,000 | 35,000 | 27,142 | 22,533 | 4,819 | 858 | 866 |
Development expense | ||||||||
14,000 | 0 | 0 | - | - | - | - | 174 | 704 |
Related party general and administrative | ||||||||
18,000 | 15,000 | 14,000 | 10,000 | 7,589 | 5,787 | 8,169 | 10,604 | 8,098 |
Asset Impairment Charges | ||||||||
0 | 7,000 | 0 | 0 | - | - | - | - | - |
Total operating expenses | ||||||||
79,000 | 62,000 | 53,000 | 45,000 | 34,731 | 28,320 | 12,988 | 11,636 | 9,668 |
Operating income (loss) | ||||||||
-47,000 | 2,000 | 10,000 | 5,000 | 37,105 | 54,981 | 47,728 | 19,022 | 55,424 |
Other income (expense): | ||||||||
Interest expense | ||||||||
111,000 | 109,000 | 102,000 | 78,000 | 77,907 | 67,694 | 63,614 | -36,502 | -29,404 |
Unrealized loss derivatives | ||||||||
6,000 | 17,000 | -10,000 | -3,000 | -16,711 | -15,743 | 13,502 | -4,953 | -345 |
Realized loss on designated derivatives | ||||||||
- | - | - | - | - | 0 | 0 | - | - |
Earnings in unconsolidated investments, net | ||||||||
107,000 | 1,000 | 42,000 | 30,000 | 16,119 | -25,295 | 7,846 | -40 | -205 |
Related party income | ||||||||
- | - | - | - | - | 2,612 | 665 | - | - |
Gain (Loss) on Extinguishment of Debt | ||||||||
0 | -6,000 | -9,000 | 0 | -4,941 | 0 | 0 | - | - |
Net earnings (loss) on transactions | ||||||||
-14,000 | 69,000 | -1,000 | 0 | -3,400 | 13,843 | 5,995 | 4,173 | - |
Other income (expense), net | ||||||||
-5,000 | -11,000 | 0 | 3,000 | -929 | 433 | 2,496 | 1,320 | 1,125 |
Total other expense | ||||||||
-17,000 | -39,000 | -80,000 | -48,000 | -87,769 | -91,844 | -33,110 | -36,002 | -28,829 |
Net loss before income tax | ||||||||
-64,000 | -37,000 | -70,000 | -43,000 | -50,664 | -36,863 | 14,618 | -16,980 | 26,595 |
Income Tax Expense (Benefit) | ||||||||
43,000 | 32,000 | 12,000 | 9,000 | 4,943 | 3,136 | 4,546 | -3,604 | 689 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||||
-107,000 | -69,000 | -82,000 | -52,000 | -55,607 | -39,999 | 10,072 | -13,376 | 25,906 |
Net loss attributable to noncontrolling interests | ||||||||
-76,000 | -211,000 | -64,000 | -35,000 | -23,074 | -8,709 | -6,887 | -7,089 | 16,981 |
Net income (loss) attributable to Pattern Energy | ||||||||
-31,000 | 142,000 | -18,000 | -17,000 | -32,533 | -31,290 | 16,959 | -6,287 | 8,925 |
Series A preferred stock dividends | ||||||||
4,000 | 0 | 0 | - | - | - | - | - | - |
Net (loss) income attributable to Pattern Energy | ||||||||
-31,000 | 142,000 | -18,000 | -17,000 | -32,533 | - | 16,959 | -6,287 | 8,925 |
Earnings allocated to participating securities | ||||||||
- | - | - | - | - | - | 0 | - | - |
Net income (loss) attributable to common shareholders | ||||||||
-35,000 | 142,000 | -18,000 | - | - | - | - | - | - |
Weighted average number of common shares outstanding | ||||||||
Basic (in shares) | ||||||||
97,603 | 97,456 | 89,179 | 79,382 | - | - | - | - | - |
Diluted (in shares) | ||||||||
97,603 | 97,651 | 89,179 | 79,382 | - | - | - | - | - |
Net income (loss) per share attributable to Pattern Energy | ||||||||
Basic (in dollars per share) | ||||||||
-0.35 | 1.45 | -0.20 | -0.22 | - | - | - | - | - |
Diluted (in dollars per share) | ||||||||
-0.35 | 1.45 | -0.20 | -0.22 | - | - | - | - | - |
Electricity Sales [Member] | ||||||||
Revenues | ||||||||
517,000 | 464,000 | 402,000 | 346,000 | 324,275 | 254,669 | 178,796 | 101,835 | 108,770 |
Other Revenue [Member] | ||||||||
Revenues | ||||||||
24,000 | 19,000 | 9,000 | 8,000 | 5,556 | 7,507 | 21,866 | - | - |
Class A Common Stock | ||||||||
Basic (in dollars per share) | ||||||||
- | - | - | -0.22 | - | - | - | - | - |
Diluted (in dollars per share) | ||||||||
- | - | - | -0.22 | - | - | - | - | - |