TerraForm Power, Inc. (TERP) financial statements (2021 and earlier)

Company profile

Business Address 200 LIBERTY STREET
NEW YORK, NY 10281
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)

Current Assets
Cash, cash equivalents, and short-term investments 249128565627468
Cash and cash equivalents 249128565627468
Restricted cash and investments 285411515371
Receivables 145948910432
Inventory, net of allowances, customer advances and progress billings 8    
Inventory 8    
Deferred costs    18 
Disposal group, including discontinued operation   62  
Other current assets 356    
Other undisclosed current assets (284)65625441
Total current assets: 501342893954612
Noncurrent Assets
Property, plant and equipment 6,4704,8024,9935,8022,328
Intangible assets, net (including goodwill) 2,1171,0781,1421,302362
Goodwill 121  56 
Intangible assets, net (excluding goodwill) 1,9961,0781,1421,246362
Restricted cash and investments 1174331410
Disposal group, including discontinued operation, noncurrent assets   552  
Deferred costs    3642
Other noncurrent assets 12612311512019
Deferred tax assets, net    5
Other undisclosed noncurrent assets   8  
Total noncurrent assets: 8,8296,0456,8137,2742,766
TOTAL ASSETS: 9,3306,3877,7068,2283,378
Current Liabilities
Debt 4644032,2132,03280
Due to related parties    20 
Disposal group, including discontinued operation   22  
Deferred revenue and credits18181522
Contract with customer, liability2
Other liabilities 38    
Other undisclosed current liabilities 1849314215182
Total current liabilities: 6885142,3952,218184
Noncurrent Liabilities
Long-term debt and lease obligation 5,2983,1951,7382,5501,518
Long-term debt, excluding current maturities 5,2983,1951,7382,5501,518
Liabilities, other than long-term debt 397249674344136
Deferred revenue and credits38567052
Contract with customer, liability12
Asset retirement obligations 21315514921576
Deferred tax liabilities, net 1928278
Disposal group, including discontinued operation, liabilities   411  
Other liabilities 173383131 
Other undisclosed noncurrent liabilities 179    
Total noncurrent liabilities: 5,8743,4442,4122,8941,654
Total liabilities: 6,5623,9584,8075,1121,838
Temporary equity, carrying amount 335818017624
Stockholders' equity
Stockholders' equity attributable to parent, including: 2,0671,5101,2531,185471
Treasury stock, value (7)(7)(4)(2) 
Additional paid in capital 2,3911,8661,4671,267498
Accumulated other comprehensive income (loss) 40482323(2)
Accumulated deficit (360)(399)(234)(105)(26)
Other undisclosed stockholders' equity attributable to parent 21111
Stockholders' equity attributable to noncontrolling interest 6678601,4651,7561,045
Total stockholders' equity: 2,7352,3702,7182,9401,516
TOTAL LIABILITIES AND EQUITY: 9,3306,3877,7068,2283,378

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

Gross profit: 767610655470126
Operating expenses (697)(570)(566)(464)(120)
Operating income: 70418966
Nonoperating expense (236)(297)(330)(227)(91)
Foreign currency transaction gain (loss), before tax 116(13)(19)(14)
Interest and debt expense (1)(81)(1)(16)(64)
Other undisclosed income from continuing operations before equity method investments, income taxes 18111664
Loss from continuing operations before income taxes: (166)(256)(241)(221)(85)
Income tax expense (benefit) 1223(0)135
Net loss: (153)(233)(242)(208)(80)
Net income attributable to noncontrolling interest 1758013013844
Other undisclosed net loss attributable to parent (184)(90)(148)(148) 
Net loss attributable to parent: (163)(244)(260)(218)(36)
Other undisclosed net income available to common stockholders, basic 1758013013810
Net income (loss) available to common stockholders, diluted: 12(164)(130)(80)(26)

Comprehensive Income ($ in millions)

Net loss: (153)(233)(242)(208)(80)
Other comprehensive income (loss) (14)40113(5)
Comprehensive loss: (167)(192)(241)(195)(86)
Comprehensive income, net of tax, attributable to noncontrolling interest 1665411114148
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    (42)10
Comprehensive loss, net of tax, attributable to parent: (1)(138)(130)(95)(27)

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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