Terraform power, inc. (TERP)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Sep'13
Energy

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,578

Incentives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,525

Incentives - affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

298

Operating revenues, net

246,762

206,734

253,808

255,366

225,332

213,093

246,042

179,888

127,547

135,539

153,430

170,367

151,135

135,220

178,118

187,301

153,917

105,654

163,291

130,046

70,515

39,332

53,566

22,378

11,880

5,401

Operating costs and expenses:
Cost of operations

57,864

72,533

75,037

71,575

60,751

74,752

59,027

49,805

37,323

42,331

41,859

32,205

34,338

18,768

32,820

31,518

30,196

20,038

15,201

18,409

16,820

4,538

4,224

1,408

460

354

Cost of operations - affiliate

-

-

-

-

-

-

-

-

-

7,377

1,199

3,427

5,598

-

7,149

8,903

-

5,258

6,840

4,174

3,643

4,072

2,814

825

352

157

General and administrative expenses

26,217

20,447

15,397

22,057

23,162

22,239

21,334

19,865

24,284

40,230

21,664

41,255

36,725

25,245

26,510

21,057

17,183

33,833

7,518

4,521

9,939

17,544

2,984

358

98

17

General and administrative expenses - affiliate

9,777

8,983

7,764

6,159

5,164

5,310

3,432

4,023

3,474

6,498

2,192

3,282

1,419

4,052

2,943

2,234

5,437

16,810

14,636

17,857

6,027

10,361

5,051

2,142

1,590

1,418

Acquisition costs

355

2,313

963

293

182

109

1,655

2,877

3,080

0

0

0

0

0

0

0

2,743

18,252

11,294

6,664

13,722

7,640

1,302

1,235

0

0

Acquisition costs - affiliate

700

900

0

0

0

-65

335

6,025

605

-

0

0

-

-

-

-

-

4,806

0

604

436

2,223

2,826

0

0

0

Impairment of renewable energy facilities

-

-

0

0

-

0

0

0

15,240

0

0

1,429

0

-

0

0

-

-

-

-

-

-

-

-

-

-

Depreciation, accretion and amortization expense

122,391

112,505

114,282

100,354

106,969

102,660

103,593

69,994

65,590

60,681

61,830

63,222

60,987

65,339

57,988

61,031

59,007

47,616

43,667

38,136

31,891

19,841

13,245

4,953

3,241

1,341

Formation and offering related fees and expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

536

2,863

-

0

Total operating costs and expenses

217,258

217,701

213,443

200,438

196,228

205,030

189,376

152,589

149,596

157,117

128,744

144,820

139,067

192,014

127,410

124,743

121,412

191,993

99,156

90,365

82,478

68,260

32,982

13,784

5,741

3,287

Operating income

29,504

-10,967

40,365

54,928

29,104

8,063

56,666

27,299

-22,049

-21,578

24,686

25,547

12,068

-56,794

50,708

62,558

32,505

-86,339

64,135

39,681

-11,963

-28,928

20,584

8,594

6,139

2,114

Other expenses (income):
Interest expense, net

-77,959

-51,421

-89,393

-71,041

-86,287

-72,349

-72,416

-50,892

-53,554

-55,254

-70,232

-68,205

-68,312

-67,225

-72,818

-101,299

-68,994

-46,203

-48,786

-35,961

-36,855

-31,582

-22,906

-24,621

-7,082

-1,963

Loss (gain) on modification and extinguishment of debt, net

-3,593

-

-

-

5,543

-

-

-

-

-

-

-

-

-

-

-

-

-7,504

0

11,386

-20,038

0

9,580

-1,945

0

0

Loss (gain) on extinguishment of debt, net

-

-

-1,355

0

-

-

0

0

0

-

0

37,116

-

-

0

0

-

-

-

-

-

-

-

-

-

-

Gain on foreign currency exchange, net

4,871

8,509

-10,975

6,440

8,752

6,736

3,070

2,078

-891

366

1,078

5,204

-587

-8,860

-3,913

-4,741

4,493

-9,733

-9,825

14,439

-14,369

-7,093

-6,240

-79

-595

0

Loss on investments and receivables - affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

2,491

0

0

845

16,079

0

0

0

-

-

-

-

-

Other (income) expenses, net

-4,392

1,608

557

-1,485

-2,680

-1,232

-358

-1,663

-849

-8,860

7,015

-1,773

360

1,776

-548

423

567

7,512

-1,433

803

480

358

80

0

0

0

Total other expenses, net

-72,289

-71,553

-101,166

-66,086

-69,312

-60,121

-69,704

-50,477

-55,294

-137,611

-62,139

-27,658

-69,259

-81,181

-77,279

-105,617

-65,913

-85,771

-60,044

-9,333

-71,742

-39,033

-19,646

-26,645

-7,677

-1,963

Loss before income tax expense

-42,785

-82,520

-60,801

-11,158

-40,208

-52,058

-13,038

-23,178

-77,343

-159,189

-37,453

-2,111

-57,191

-137,975

-26,571

-43,059

-33,408

-172,110

4,091

30,348

-83,705

-67,961

938

-18,051

-1,538

151

Income tax expense (benefit)

24,461

8,868

1,512

5,669

-4,151

-21,707

6,013

4,434

-1,030

-17,036

-1,099

-588

-918

-381

1,140

1,878

97

-16,083

1,673

1,214

-45

-1,720

2,806

-5,318

-457

77

Net income (loss)

-67,246

-91,388

-62,313

-16,827

-36,057

-30,351

-19,051

-27,612

-76,313

-142,153

-36,354

-1,523

-56,273

-137,594

-27,711

-44,937

-33,505

-156,027

2,418

29,134

-83,660

-66,241

-1,868

-12,733

-1,081

74

Less: Pre-acquisition net income of renewable energy facilities acquired from SunEdison

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,743

10,635

-

-

-347

-

-

-

Less: Predecessor loss prior to the IPO on July 23, 2014

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,703

6,270

-13,204

-720

-

Net loss excluding pre-acquisition net income of renewable energy facilities acquired from SunEdison

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,161

18,499

-

-

-7,791

-

-

-

Less: Net income (loss) attributable to redeemable non-controlling interests

12

2,258

-7,341

2,481

-9,381

-5,892

12,443

4,680

-2,022

-10,496

4,895

6,362

835

-9,892

4,642

9,187

2,545

-64

6,949

1,796

-169

0

0

0

0

-

Less: Net loss attributable to non-controlling interests

-12,187

-12,021

-135

-15,713

-18,049

-8,970

2,096

-10,955

-157,087

-19,966

-14,949

-17,491

-25,339

-51,750

-6,182

-33,217

-35,569

-91,931

-968

9,903

-55,375

-40,784

-3,777

471

-361

-

Net loss attributable to Class A common stockholders

-55,071

-81,625

-54,837

-3,595

-8,627

-15,489

-33,590

-21,337

82,796

-111,691

-26,300

9,606

-31,769

-75,952

-26,171

-20,907

-481

-57,750

-820

6,800

-28,116

-

-4,014

0

-

-

Weighted average number of shares:
Class A common stock - Basic and diluted (in shares)

226,513

-

-

-

209,142

-

-

-

-

-

-

-

-

-

-

-

87,833

78,355

77,522

57,961

49,694

-

27,066

-

-

-

Class A common stock - Basic (in shares)

-

-

209,155

-

-

-

209,142

-

-

-

-

-

92,072

-

-

-

-

-

-

-

-

-

-

-

-

-

Class A common stock - Diluted (in shares)

-

-

209,155

-

-

-

209,142

-

-

-

-

-

92,072

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss per share:
(Loss) earnings per share:
Class A common stock - Basic and diluted (in dollars per share)

-0.24

-

-0.26

-

-0.04

-

-0.16

-

-

-1.01

-0.31

0.08

-0.37

-

-

-

-0.01

-0.75

-0.03

0.10

-0.57

-

-0.15

-

-

-

Distributions declared per share:
Class A common stock (in dollars per share)

0.20

0.20

0.20

0.20

0.20

0.19

0.19

0.19

0.19

-

-

-

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

Class A common stock
Class A common stock - Basic (in shares)

-

-

-

209,142

-

-

-

161,568

148,139

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Class A common stock - Diluted (in shares)

-

-

-

209,142

-

-

-

161,568

148,166

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Class A common stock - Basic and diluted (in dollars per share)

-

-

-

-0.02

-

-

-

-0.13

0.56

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common Stock, Dividends, Per Share, Declared

-

-

-

0.20

-

-

-

0.19

0.19

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-