Variable Interest Entities

The Company has determined that Logan's Gap, Panhandle 1, Panhandle 2, Post Rock, Amazon Wind Farm Fowler Ridge and Broadview Holdings are variable interest entities (VIEs) in accordance with ASU 2015-02 primarily because the tax equity interests in these operating entities lack substantive kick-out and participating rights. The Company determined that as the managing member it is the primary beneficiary of each VIE by reference to the power and benefits criterion under ASC 810, Consolidation. The Company considered responsibilities within the contractual agreements, which grant it the power to direct the activities of the VIE that most significantly impact the VIE's economic performance. Such activities include management of the wind farms' operations and maintenance, budgeting, policies and procedures. In addition, the Company has the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIEs on the basis of the income allocations and cash distributions.

The following presents the carrying amounts of the consolidated VIEs' assets and liabilities included in the consolidated balance sheets (in thousands). Assets presented below are restricted for settlement of the consolidated VIEs' obligations and all liabilities presented below can only be settled using the VIE resources.



	June 30, 2017		December 31, 2016⁽¹⁾
Assets
Current assets:
Cash and cash equivalents	$	29,062	$	12,745
Restricted cash	4,300		4,291
Trade receivables	7,964		6,290
Prepaid expenses	3,684		4,468
Other current assets	4,044		1,456
Total current assets	49,054		29,250

Restricted cash	6,549		3,203
Property, plant and equipment, net	2,040,151		1,538,793
Finite-lived intangible assets, net	12,519		2,070
Other assets	13,550		13,622
Total assets	$	2,121,823	$	1,586,938

Liabilities
Current liabilities:
Accounts payable and other accrued liabilities	$	15,024	12,635
Accrued construction costs	3,628		709
Accrued interest	272		77
Other current liabilities	3,022		2,090
Total current liabilities	21,946		15,511

Finite-lived intangible liability, net	52,929		54,663
Other long-term liabilities	36,457		20,081
Total liabilities	$	111,332	$	90,255


⁽¹⁾	Does not include Broadview Holdings as it was acquired in April 2017.