Terraform power, inc. (TERP)
Income statement / 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'14Mar'14Sep'13
Energy

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Incentives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Incentives - affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Operating revenues, net

962,670

941,240

947,599

939,833

864,355

766,570

689,016

596,404

586,883

610,471

610,152

634,840

651,774

654,556

624,990

610,163

552,908

469,506

403,184

293,459

185,791

127,156

93,225

0

0

0

Operating costs and expenses:
Cost of operations

277,009

279,896

282,115

266,105

244,335

220,907

188,486

171,318

153,718

150,733

127,170

118,131

117,444

113,302

114,572

96,953

83,844

70,468

54,968

43,991

26,990

10,630

6,446

0

0

0

Cost of operations - affiliate

-

-

-

-

-

-

-

-

-

17,601

17,373

25,077

0

-

0

0

-

19,915

18,729

14,703

11,354

8,063

4,148

0

0

0

General and administrative expenses

84,118

81,063

82,855

88,792

86,600

87,722

105,713

106,043

127,433

139,874

124,889

129,735

109,537

89,995

98,583

79,591

63,055

55,811

39,522

34,988

30,825

20,984

3,457

0

0

0

General and administrative expenses - affiliate

32,683

28,070

24,397

20,065

17,929

16,239

17,427

16,187

15,446

13,391

10,945

11,696

10,648

14,666

27,424

39,117

54,740

55,330

48,881

39,296

23,581

19,144

10,201

0

0

0

Acquisition costs

3,924

3,751

1,547

2,239

4,823

7,721

7,612

5,957

3,080

0

0

0

0

2,743

20,995

32,289

38,953

49,932

39,320

29,328

23,899

10,177

2,537

0

0

0

Acquisition costs - affiliate

1,600

900

-65

270

6,295

6,900

6,965

6,630

0

-

0

0

-

-

-

-

-

5,846

3,263

6,089

5,485

5,049

2,826

0

0

0

Impairment of renewable energy facilities

-

-

0

0

-

15,240

15,240

15,240

16,669

1,429

1,429

1,429

0

-

0

0

-

-

-

-

-

-

-

-

-

-

Depreciation, accretion and amortization expense

449,532

434,110

424,265

413,576

383,216

341,837

299,858

258,095

251,323

246,720

251,378

247,536

245,345

243,365

225,642

211,321

188,426

161,310

133,535

103,113

69,930

41,280

22,780

0

0

0

Formation and offering related fees and expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

Total operating costs and expenses

848,840

827,810

815,139

791,072

743,223

696,591

648,678

588,046

580,277

569,748

604,645

603,311

583,234

565,579

565,558

537,304

502,926

463,992

340,259

274,085

197,504

120,767

55,794

0

0

0

Operating income

113,830

113,430

132,460

148,761

121,132

69,979

40,338

8,358

6,606

40,723

5,507

31,529

68,540

88,977

59,432

72,859

49,982

5,514

62,925

19,374

-11,713

6,389

37,431

0

0

0

Other expenses (income):
Interest expense, net

-289,814

-298,142

-319,070

-302,093

-281,944

-249,211

-232,116

-229,932

-247,245

-262,003

-273,974

-276,560

-309,654

-310,336

-289,314

-265,282

-199,944

-167,805

-153,184

-127,304

-115,964

-86,191

-56,572

0

0

0

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-16,156

-8,652

928

-12,403

7,635

7,635

0

0

0

Loss (gain) on extinguishment of debt, net

-

-

4,188

5,543

-

-

0

0

0

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

Gain on foreign currency exchange, net

8,845

12,726

10,953

24,998

20,636

10,993

4,623

2,631

5,757

6,061

-3,165

-8,156

-18,101

-13,021

-13,894

-19,806

-626

-19,488

-16,848

-13,263

-27,781

-14,007

-6,914

0

0

0

Loss on investments and receivables - affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

3,336

16,924

16,924

16,924

16,079

0

0

0

-

-

-

-

-

Other (income) expenses, net

-3,712

-2,000

-4,840

-5,755

-5,933

-4,102

-11,730

-4,357

-4,467

-3,258

7,378

-185

2,011

2,218

7,954

7,069

7,449

7,362

208

1,721

918

438

80

0

0

0

Total other expenses, net

-311,094

-308,117

-296,685

-265,223

-249,614

-235,596

-313,086

-305,521

-282,702

-296,667

-240,237

-255,377

-333,336

-329,990

-334,580

-317,345

-221,061

-226,890

-180,152

-139,754

-157,066

-93,001

-55,931

0

0

0

Loss before income tax expense

-197,264

-194,687

-164,225

-116,462

-128,482

-165,617

-272,748

-297,163

-276,096

-255,944

-234,730

-223,848

-264,796

-241,013

-275,148

-244,486

-171,079

-221,376

-117,227

-120,380

-168,779

-86,612

-18,500

0

0

0

Income tax expense (benefit)

40,510

11,898

-18,677

-14,176

-15,411

-12,290

-7,619

-14,731

-19,753

-19,641

-2,986

-747

1,719

2,734

-12,968

-12,435

-13,099

-13,241

1,122

2,255

-4,277

-4,689

-2,892

0

0

0

Net income (loss)

-237,774

-206,585

-145,548

-102,286

-113,071

-153,327

-265,129

-282,432

-256,343

-236,303

-231,744

-223,101

-266,515

-243,747

-262,180

-232,051

-157,980

-208,135

-118,349

-122,635

-164,502

-81,923

-15,608

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-10,357

0

0

0

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

-

-

-

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

-2,590

-11,983

-20,133

-349

1,850

9,209

4,605

-2,943

-1,261

1,596

2,200

1,947

4,772

6,482

16,310

18,617

11,226

8,512

8,576

1,627

-169

0

0

0

0

-

Less: Net loss attributable to non-controlling interests

-40,056

-45,918

-42,867

-40,636

-35,878

-174,916

-185,912

-202,957

-209,493

-77,745

-109,529

-100,762

-116,488

-126,718

-166,899

-161,685

-118,565

-138,371

-87,224

-90,033

-99,465

-44,451

0

0

0

-

Net loss attributable to Class A common stockholders

-195,128

-148,684

-82,548

-61,301

-79,043

12,380

-83,822

-76,532

-45,589

-160,154

-124,415

-124,286

-154,799

-123,511

-105,309

-79,958

-52,251

-79,886

-26,150

-25,330

0

-

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-