Terraform power, inc. (TERP)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Jan'14Dec'13
Assets
Current assets:
Cash and cash equivalents

249

237

239

204

286

248

349

339

157

128

462

691

676

565

540

562

603

626

635

390

153

468

259

0

-

1

Restricted cash, current

42

35

31

30

27

27

28

38

47

54

126

167

115

114

136

160

117

152

90

74

78

70

67

-

-

62

Accounts receivable, net

-

167

176

164

152

145

178

161

70

89

104

117

101

89

119

117

111

103

117

96

58

32

50

-

-

1

Due from affiliates

1

0

0

0

0

0

0

1

4

4

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses

-

-

-

-

-

13

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative assets, current

23

15

28

16

29

14

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deposit on acquisitions

12

24

114

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing costs, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

0

Value-added tax (VAT) receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40

-

-

38

Due from SunEdison and affiliates, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18

-

-

-

-

0

Prepaid expenses

16

13

61

55

51

-

71

71

43

65

62

62

61

61

67

61

59

53

47

31

29

22

11

-

-

3

Other current assets

56

57

-

-

-

52

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets held for sale

-

-

-

-

-

-

-

-

-

-

0

0

42

61

70

61

55

0

-

-

-

-

-

-

-

-

Total current assets

594

553

652

471

547

501

628

612

323

341

756

1,039

996

893

934

962

947

936

891

593

337

593

428

-

-

106

Renewable energy facilities, net, including consolidated variable interest entities of $3,156,511 and $3,188,508 in 2020 and 2019, respectively

7,759

7,405

6,967

6,564

6,629

6,470

6,555

6,634

4,719

4,801

4,854

4,893

4,942

4,993

5,103

5,156

5,208

5,834

3,981

3,928

3,429

2,648

1,848

-

-

429

Intangible assets, net, including consolidated variable interest entities of $678,894 and $690,594 in 2020 and 2019, respectively

1,921

1,793

1,957

1,890

1,932

1,996

2,000

2,033

1,057

1,077

1,096

1,109

1,125

1,142

1,199

1,219

1,237

1,246

515

515

454

361

289

-

-

22

Goodwill

167

127

145

150

114

120

113

114

-

0

-

-

-

-

55

55

55

55

-

-

-

0

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27

23

-

-

0

0

0

4

-

-

-

0

Restricted cash

98

76

73

82

95

116

132

138

48

42

26

3

2

2

-

-

20

13

-

-

-

10

7

-

-

7

Derivative assets

50

57

97

81

94

90

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing costs, net

-

-

-

-

-

-

-

-

-

-

4

5

6

-

8

8

9

10

56

52

51

42

36

-

-

13

Other assets

43

44

36

35

37

34

145

166

109

123

133

112

128

122

101

96

104

120

89

82

92

18

3

-

-

10

Non-current assets held for sale

-

-

-

-

-

-

-

-

-

-

0

0

554

552

564

582

617

0

-

-

-

-

-

-

-

-

Total assets

10,635

10,058

9,929

9,277

9,451

9,330

9,575

9,700

6,258

6,387

6,871

7,163

7,757

7,705

7,994

8,104

8,199

8,217

5,534

5,173

4,365

3,680

2,613

-

-

590

Liabilities, Redeemable Non-controlling Interests and Stockholders’ Equity
Current liabilities:
Current portion of long-term debt, including consolidated variable interest entities of $65,959 and $55,089 in 2020 and 2019, respectively

475

441

635

496

429

464

454

458

391

403

716

1,747

2,202

2,212

1,374

1,424

1,575

2,037

115

322

229

100

270

-

-

38

Current portion of capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

0

Accounts payable, accrued expenses and other current liabilities

188

178

186

184

191

181

207

217

107

85

145

154

147

125

147

159

165

153

129

99

81

83

60

-

-

9

Deferred revenue

-

-

-

-

-

-

1

1

1

17

17

18

18

18

18

18

18

15

13

13

23

24

7

-

-

0

Accrued interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27

-

-

-

Derivative liabilities, current

-

-

-

-

-

35

-

-

-

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Due to affiliates

13

11

8

8

6

7

10

9

3

3

15

15

16

16

9

26

28

26

14

28

0

194

1

-

-

68

Derivative liabilities, current portion

63

33

38

33

35

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities related to assets held for sale

-

-

-

-

-

-

-

-

-

-

0

0

23

21

426

431

451

0

-

-

-

-

-

-

-

-

Total current liabilities

740

666

869

722

662

688

674

686

504

513

895

1,936

2,409

2,395

1,976

2,059

2,238

2,233

272

463

333

402

367

-

-

117

Long-term debt, less current portion, including consolidated variable interest entities of $1,162,180 and $932,862 in 2020 and 2019, respectively

6,287

5,793

5,624

5,105

5,277

5,297

5,499

5,416

3,202

3,195

2,864

2,099

1,813

1,737

2,637

2,650

2,531

2,524

2,431

1,944

1,965

1,599

1,033

-

-

403

Operating lease obligations, less current portion, including consolidated variable interest entities of $138,486 and $141,683 in 2020 and 2019, respectively

286

272

255

237

246

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term capital lease obligations, less current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

28

Asset retirement obligations, including consolidated variable interest entities of $118,961 and $116,159 in 2020 and 2019, respectively

315

287

286

219

213

212

173

170

153

154

150

148

146

148

186

184

177

215

153

145

117

78

44

-

-

13

Derivative liabilities

242

101

141

132

105

93

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt - affiliate

-

-

-

-

-

-

-

86

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue, less current portion

-

-

-

-

-

-

12

12

13

38

44

49

51

55

60

62

64

70

76

76

57

52

35

-

-

5

Deferred income taxes

197

194

152

160

169

178

204

202

16

24

32

31

28

27

29

28

26

26

39

7

5

7

0

-

-

6

Other liabilities

103

112

110

97

92

90

155

151

38

37

33

32

31

31

38

41

29

31

23

5

3

0

-

-

-

-

Non-current liabilities related to assets held for sale

-

-

-

-

-

-

-

-

-

-

0

0

413

410

41

42

44

0

-

-

-

-

-

-

-

-

Total liabilities

8,173

7,427

7,440

6,675

6,769

6,561

6,718

6,727

3,928

3,964

4,021

4,298

4,894

4,807

4,971

5,069

5,113

5,101

2,996

2,642

2,484

2,140

1,481

-

-

574

Redeemable non-controlling interests

8

22

20

33

31

33

43

86

50

34

198

189

180

180

182

180

177

175

44

38

25

24

-

-

-

0

Stockholders’ equity:
Net SunEdison investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

2

Preferred stock, $0.01 par value per share, 50,000,000 shares authorized, no shares issued

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

-

0

0

Class A common stock, $0.01 par value per share, 1,200,000,000 shares authorized, 227,585,636 and 227,552,105 shares issued in 2020 and 2019, respectively

2

2

2

2

2

2

2

2

1

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additional paid-in capital

2,480

2,512

2,259

2,299

2,341

2,391

2,427

2,468

1,841

1,872

1,480

1,479

1,476

1,467

1,473

1,465

1,459

1,267

1,260

1,274

758

498

317

-

0

0

Accumulated deficit

-563

-508

-426

-371

-368

-359

-334

-301

-290

-387

-285

-258

-266

-234

-152

-125

-105

-104

-39

-36

-53

-26

-4

-

-

0

Accumulated other comprehensive (loss) income

-16

11

8

15

32

40

44

37

30

48

57

42

32

22

10

4

6

22

-2

-0

-2

-1

-0

-0

0

0

Treasury stock, 1,064,347 and 1,051,298 shares in 2020 and 2019, respectively

15

15

6

6

6

6

6

6

6

6

5

4

4

4

3

2

2

2

-

-

-

0

-

-

-

-

Receivable for issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Total TerraForm Power, Inc. stockholders’ equity

1,887

2,003

1,837

1,938

2,001

2,067

2,132

2,200

1,576

1,527

1,248

1,259

1,239

1,252

1,329

1,342

1,359

1,184

1,219

1,238

703

471

313

0

0

2

Non-controlling interests

566

604

630

629

650

667

680

686

703

859

1,402

1,415

1,443

1,465

1,511

1,513

1,548

1,755

1,274

1,253

1,152

1,044

817

-

-

12

Total stockholders’ equity

2,453

2,607

2,467

2,568

2,651

2,734

2,813

2,886

2,279

2,387

2,651

2,675

2,682

2,717

2,840

2,855

2,908

2,940

2,493

2,492

1,856

1,515

1,131

-

-

15

Total liabilities, redeemable non-controlling interests and stockholders’ equity

10,635

10,058

9,929

9,277

9,451

9,330

9,575

9,700

6,258

6,387

6,871

7,163

7,757

7,705

7,994

8,104

8,199

8,217

5,534

5,173

4,365

3,680

2,613

-

-

590

Predecessor
Cash and Cash Equivalents, at Carrying Value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16

-

-

Restricted cash, including consolidated variable interest entities of $3,034 and $2,139 in 2014 and 2013, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

43

-

-

Accounts receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

VAT receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

42

-

-

Prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15

-

-

Total current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

132

-

-

Property and equipment, net, including consolidated variable interest entities of $61,206 and $26,006 in 2014 and 2013, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,126

-

-

Intangible Assets, Net (Excluding Goodwill)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

132

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

28

-

-

Deferred financing costs, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24

-

-

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13

-

-

Total assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,457

-

-

Current portion of long-term debt, including consolidated variable interest entities of $8,925 and $587 in 2014 and 2013, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

202

-

-

Current portion of capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22

-

-

Accrued interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14

-

-

Accrued expenses and other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

-

-

Deferred purchase price for acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21

-

-

Due to SunEdison and affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10

-

-

Total current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

296

-

-

Long-term debt, less current portion, including consolidated variable interest entities of $55,390 and $8,683 in 2014 and 2013, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

824

-

-

Long-term capital lease obligations, less current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

-

-

Asset retirement obligations, including consolidated variable interest entities of $3,645 and $1,627 in 2014 and 2013, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24

-

-

Total liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,153

-

-

Net parent investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

287

-

-

Accumulated loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

Stockholders' Equity Attributable to Parent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

287

-

-

Non-controlling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16

-

-

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

303

-

-

Total liabilities and equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,457

-

-

Common Class A
Value of common stock outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Class B common stock
Value of common stock outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Common Class C
Value of common stock outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-