Pattern Energy Group Inc. (PEGI) financial statements (2020 and earlier)

Company profile

Business Address 1088 SANSOME STREET
SAN FRANCISCO, CA 94111
State of Incorp. DE
Fiscal Year End December 31
SIC 4911 - Electric Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1561011178495102104
Cash and cash equivalents1561011178495102104
Restricted cash and investments 4912158 
Receivables13505539463621
Prepaid expense15181814141510
Deferred costs    214 
Derivative instruments and hedges, assets3141918241914
Deposits current assets     3 
Deferred tax assets    01
Other current assets1716216711
Other undisclosed current assets133831460114
Total current assets:337211270218203209155
Noncurrent Assets
Operating lease, right-of-use asset61
Property, plant and equipment4,8184,1193,9653,1353,2952,3511,476
Long-term investments and receivables29827031123311629107
Long-term investments29827031123311629107
Intangible assets, net (including goodwill)8662771369298 
Goodwill5858     
Intangible assets, net (excluding goodwill)8082191369298  
Derivative instruments and hedges891027444982
Restricted cash and investments63181214374033
Deferred costs    53036
Deferred income tax assets2
Other noncurrent assets109342324251313
Deferred tax assets, net   (15)(15)(8)
Other undisclosed noncurrent assets61135614102212610
Total noncurrent assets:6,8365,0834,4713,5353,6262,6231,749
TOTAL ASSETS:7,1735,2944,7423,7533,8302,8321,904
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities173835947674422
Accounts payable1122711110
Accrued liabilities    1212 
Employee-related liabilities    542
Taxes payable    1274
Interest and dividends payable615658463719 
Accounts payable and other accrued liabilities16
Debt4895652494412249
Derivative instruments and hedges, liabilities122812141616
Asset retirement obligation2124     
Due to related parties   1261
Business combination, contingent consideration, liability13331  24
Deferred tax liabilities    0 
Other liabilities3311143   
Other undisclosed current liabilities6827183255391719
Total current liabilities:92947821736752126297
Noncurrent Liabilities
Long-term debt and lease obligation2,9122,0041,8791,3351,1741,3291,200
Long-term debt, excluding current maturities2,9122,0041,8791,3351,1741,3291,200
Liabilities, other than long-term debt7044292411621457639
Deferred revenue27
Asset retirement obligations2421855745422921
Deferred tax liabilities, net 5632222010
Deferred income tax liabilities151
Other liabilities14671107615290
Business combination, contingent consideration, liability35142    
Derivative instruments and hedges, liabilities10331212529177
Other undisclosed noncurrent liabilities442245710213  
Total noncurrent liabilities:3,6602,6572,1761,5071,5331,4051,239
Total liabilities:4,5893,1352,3931,8742,0541,6671,336
Temporary equity, carrying amount234      
Stockholders' equity
Stockholders' equity attributable to parent, including:8361,0471,094987832634468
Common stock11111  
Treasury stock, value(6)(5)(4)(3)(2)  
Additional paid in capital9681,1301,2351,146983724489
Accumulated other comprehensive loss(69)(52)(26)(62)(73)(54)(8)
Accumulated deficit(58)(27)(112)(94)(77)(45)(13)
Other undisclosed stockholders' equity attributable to parent     91
Stockholders' equity attributable to noncontrolling interest1,5141,1121,254891944531100
Total stockholders' equity:2,3502,1592,3481,8791,7761,165568
TOTAL LIABILITIES AND EQUITY:7,1735,2944,7423,7533,8302,8321,904

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues541483411354330265202
Revenue, net483411354330256196
Cost of revenue(509)(419)(349)(303)(258)(182)(141)
Cost of goods and services sold(343)(419)(349)(303)(258)(182)(141)
Gross profit:32646351728361
Operating expenses(79)(62)(52)(50)(37)(28)(13)
Other operating income, net     02
Other undisclosed operating loss     (0)(2)
Operating income (loss):(47)2100345548
Nonoperating expense(17)(39)(81)(44)(85)(92)(33)
Investment income, nonoperating(14)69(1)(0)(3)  
Other nonoperating income (expense)(5)(11)(0)3(1)  
Interest and debt expense(111)(6)(9)(78)(5)(66)(121)
Other undisclosed income from continuing operations before equity method investments, income taxes     66121
Income (loss) from continuing operations before equity method investments, income taxes:(175)(43)(79)(122)(56)(37)15
Income (loss) from equity method investments1071413016(25)8
Other undisclosed income (loss) from continuing operations before income taxes45(33)48(11)25(8)
Income (loss) from continuing operations before income taxes:(64)(37)(71)(44)(51)(37)15
Income tax expense(43)(32)(12)(9)(5)(3)(5)
Net income (loss):(107)(69)(82)(52)(56)(40)10
Net income attributable to noncontrolling interest7621165352397
Net income (loss) attributable to parent:(31)142(18)(17)(33)(31)17
Preferred stock dividends and other adjustments(4)      
Other undisclosed net loss available to common stockholders, basic     (79)(30)
Net income (loss) available to common stockholders, diluted:(35)142(18)(17)(33)(110)(13)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(107)(69)(82)(52)(56)(40)10
Other comprehensive income (loss)(5)(34)3811(20)(37)31
Comprehensive income (loss):(112)(103)(45)(41)(76)(77)41
Comprehensive income (loss), net of tax, attributable to noncontrolling interest642196435239(2)
Other undisclosed comprehensive income, net of tax, attributable to parent      4
Comprehensive income (loss), net of tax, attributable to parent:(48)11619(6)(53)(68)43

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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