PATTERN ENERGY GROUP INC. PEGI Income Statement

Pattern energy group inc. (PEGI)

Income statement / 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
Revenue:
Energy derivative settlements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Unrealized gain (loss) on energy derivative
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Related party revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,617	3,530	3,607	3,317	2,532	1,927	0	-	0	0	-
Revenues
541,000	507,000	506,000	506,000	483,000	480,377	454,407	422,167	411,000	381,632	381,516	367,194	354,000	363,588	361,371	352,604	329,831	318,652	300,474	280,742	265,493	227,842	213,580	207,353	201,573	0	0	0
Cost of revenue:
Project expense
166,000	159,000	154,000	148,000	143,000	138,563	136,495	135,900	130,000	127,674	125,013	124,854	128,000	129,307	126,884	121,619	114,619	103,241	98,228	86,947	77,775	72,225	62,982	60,774	57,677	0	0	0
Transmission costs
25,000	22,000	23,000	25,000	26,000	27,787	29,208	25,930	19,000	12,326	5,018	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation, amortization and accretion
318,000	320,000	300,000	278,000	250,000	220,363	216,742	210,260	199,000	188,855	180,169	175,329	175,000	172,161	167,067	157,731	143,376	133,938	125,354	112,296	104,417	93,898	85,077	81,791	83,180	0	0	0
Total cost of revenue
509,000	501,000	477,000	451,000	419,000	386,713	382,445	372,090	348,000	329,516	310,861	301,253	304,000	301,694	294,064	279,350	257,995	237,179	223,582	199,243	182,192	166,123	148,059	142,565	140,857	0	0	0
Gross profit
32,000	6,000	29,000	55,000	64,000	93,664	71,962	50,077	63,000	52,116	70,655	65,941	50,000	61,894	67,307	73,254	71,836	81,473	76,892	81,499	83,301	61,719	65,521	64,788	60,716	0	0	0
Operating expenses:
General and administrative
47,000	45,000	42,000	40,000	40,000	36,031	36,099	38,876	39,000	39,544	40,074	37,562	35,000	32,258	29,878	29,483	27,142	28,879	27,433	24,851	22,533	20,219	14,661	8,578	4,819	0	0	0
Development expense
-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Related party general and administrative
18,000	15,000	15,000	15,000	15,000	15,411	14,998	14,574	14,000	13,208	13,174	11,529	10,000	9,654	7,988	7,678	7,589	6,948	6,553	6,315	5,787	3,356	5,471	6,787	8,169	0	0	0
Asset Impairment Charges
-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
79,000	73,000	60,000	62,000	62,000	58,442	55,097	53,450	53,000	52,752	53,248	49,091	45,000	41,912	37,866	37,161	34,731	35,827	33,986	31,166	28,320	23,575	20,132	15,365	12,988	0	0	0
Operating income (loss)
-47,000	-67,000	-31,000	-7,000	2,000	35,222	16,865	-3,373	10,000	-636	17,407	16,850	5,000	19,982	29,441	36,093	37,105	45,646	42,906	50,333	54,981	38,144	45,389	49,423	47,728	0	0	0
Other income (expense):
Interest expense
111,000	106,000	107,000	110,000	109,000	108,459	107,606	104,445	102,000	90,407	83,058	79,494	78,000	83,239	83,382	81,050	77,907	105,311	103,369	100,233	67,694	130,968	98,274	65,635	63,614	0	0	0
Interest rate derivative settlements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-
Unrealized loss derivatives
6,000	3,000	2,000	12,000	17,000	18,687	10,399	-3,352	-10,000	2,998	11,111	9,983	-3,000	-29,083	-36,999	-26,942	-16,711	-14,457	-8,300	-15,420	-15,743	-4,006	-3,296	7,848	13,502	0	0	0
Realized loss on designated derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	0	-3,111	0	0	-	0	-	-
Earnings in unconsolidated investments, net
107,000	-28,000	-22,000	-23,000	1,000	27,569	27,605	43,124	42,000	41,676	50,325	43,046	30,000	31,106	16,470	23,031	16,119	-3,289	1,660	-15,829	-25,295	-18,580	-11,733	5,323	7,846	0	0	0
Related party income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,905	2,964	2,652	2,612	0	0	0	-	-	-	-
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-
Net earnings (loss) on transactions
-14,000	66,000	70,000	70,000	69,000	-1,415	-2,881	-1,688	-1,000	-1,232	-1,080	-345	0	-1,090	-850	-2,083	-3,400	-2,731	11,880	0	-	0	0	-	-	-	0	-
Other income (expense), net
-5,000	-5,000	-7,000	-9,000	-11,000	-9,560	-6,553	-4,580	0	1,263	1,433	2,024	3,000	2,648	2,599	951	-929	-1,598	-1,581	-58	433	1,124	1,300	1,905	2,496	0	0	0
Total other expense
-17,000	-76,000	-70,000	-66,000	-39,000	-82,178	-88,036	-79,941	-80,000	-45,702	-21,269	-24,786	-48,000	-71,294	-108,527	-91,702	-87,769	-108,049	-80,615	-86,070	-91,844	-71,692	-61,280	-40,246	-33,110	0	0	0
Net loss before income tax
-64,000	-143,000	-101,000	-73,000	-37,000	-46,956	-71,171	-83,314	-70,000	-46,338	-3,862	-7,936	-43,000	-51,312	-79,086	-55,609	-50,664	-62,403	-37,709	-35,737	-36,863	-33,548	-15,891	9,177	14,618	0	0	0
Income Tax Expense (Benefit)
43,000	27,000	29,000	29,000	32,000	20,523	13,684	14,225	12,000	10,439	15,589	12,477	9,000	8,305	4,813	6,987	4,943	5,317	3,960	4,422	3,136	9,840	13,973	2,220	4,546	0	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-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
Net loss attributable to noncontrolling interests
-76,000	-68,000	-66,000	-78,000	-211,000	-215,434	-215,982	-209,886	-64,000	-60,728	-49,217	-32,736	-35,000	-31,165	-30,055	-26,292	-23,074	-12,341	-8,487	-3,859	-8,709	-19,312	-13,991	-10,318	-6,887	0	0	0
Net income (loss) attributable to Pattern Energy
-31,000	-102,000	-64,000	-24,000	142,000	147,955	131,127	112,347	-18,000	3,951	29,766	12,323	-17,000	-28,452	-53,844	-36,304	-32,533	-55,379	-33,182	-36,300	-31,290	-24,076	-15,873	17,275	16,959	0	0	0
Net (loss) income attributable to Pattern Energy
-31,000	-102,000	-64,000	-24,000	142,000	147,955	131,127	112,347	-18,000	-13,968	12,637	0	-	0	0	-	-	-	-	-	-	-24,076	-15,873	17,275	16,959	0	0	0
Net income (loss) attributable to common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Weighted average number of common shares outstanding
Weighted average number of shares - Basic and diluted (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	81,531	74,443	74,437	-	72,789	-	65,892	-	-	-	-	-	-	-	-
Basic (in shares)
97,636	97,600	97,609	97,568	97,477	97,460	97,459	97,428	95,218	87,370	87,065	87,062	-	-	-	-	-	-	68,943	-	-	-	-	-	-	-	-	-
Diluted (in shares)
97,636	97,600	97,609	97,568	90,084	97,460	97,496	105,564	94,997	87,370	87,217	87,131	-	-	74,443	74,437	-	-	69,147	-	-	-	-	-	-	-	-	-
Net income (loss) per share attributable to Pattern Energy
Basic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-0.05	-0.04	-0.32	-	-0.40	-	-0.30	-	-	-	-	-	-	-	-
Basic (in dollars per share)
0.56	-0.53	-0.07	-0.31	-0.15	-0.13	0.34	1.39	-0.08	-0.34	0.16	0.06	-	-	-	-	-	-	0.21	-	-	-	-	-	-	-	-	-
Diluted (in dollars per share)
0.56	-0.53	-0.07	-0.31	-0.08	-0.13	0.34	1.32	-0.08	-0.34	0.16	0.06	-	-	-	-	-	-	0.21	-	-	-	-	-	-	-	-	-
Dividends declared per Class A common share (in dollars per share)
-	-	-	-	-	-	-	-	-	0.42	0.42	0.41	-	0.40	0.39	0.38	-	0.36	0.35	0.34	-	-	-	-	-	-	-	-
Unaudited pro forma net income after tax:
Net income before income tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Pro forma tax benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Pro forma net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Electricity Sales [Member]
Revenues
517,000	483,000	484,000	485,000	464,000	462,023	435,830	405,566	402,000	373,025	373,137	358,771	346,000	355,975	354,312	345,813	324,275	305,746	281,741	264,923	254,669	232,438	206,137	187,435	178,796	0	0	0
Other Revenue [Member]
Revenues
24,000	24,000	22,000	21,000	19,000	18,354	18,577	16,601	9,000	8,607	8,379	8,423	8,000	10,243	8,734	7,594	5,556	7,455	7,639	7,214	7,507	11,194	21,891	0	-	0	0	-