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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenue:        
Electricity sales $ 105,736 $ 91,370 $ 204,170 $ 177,033
Other revenue 2,024 2,068 4,423 4,044
Total revenue 107,760 93,438 208,593 181,077
Cost of revenue:        
Project expense 33,405 33,246 62,505 65,327
Transmission costs 4,722 113 4,792 278
Depreciation and accretion 48,518 43,678 92,258 87,089
Total cost of revenue 86,645 77,037 159,555 152,694
Gross profit 21,115 16,401 49,038 28,383
Operating expenses:        
General and administrative (Note 16) 11,777 9,265 22,901 17,827
Related party general and administrative 3,576 1,931 7,002 3,828
Total operating expenses 15,353 11,196 29,903 21,655
Operating income 5,762 5,205 19,135 6,728
Other income (expense):        
Interest expense (24,839) (21,275) (47,394) (42,336)
Loss on undesignated derivatives, net (4,751) (5,879) (5,399) (19,510)
Earnings in unconsolidated investments, net 14,519 7,240 31,395 11,070
Net loss on transactions (807) (72) (1,119) (39)
Other income, net (27) 564 553 2,120
Total other expense (15,905) (19,422) (21,964) (48,695)
Net loss before income tax (10,143) (14,217) (2,829) (41,967)
Tax provision 4,541 1,429 9,316 2,727
Net loss (14,684) (15,646) (12,145) (44,694)
Net loss attributable to noncontrolling interest (28,904) (12,423) (32,018) (17,801)
Net income (loss) attributable to Pattern Energy $ 14,220 $ (3,223) $ 19,873 $ (26,893)
Weighted-average number of common shares outstanding        
Basic 87,065,591 74,443,901 87,064,110 74,440,950
Diluted 87,217,381 74,443,901 87,257,130 74,440,950
Earnings (loss) per share attributable to Pattern Energy        
Basic and diluted $ 0.16 $ (0.04) $ 0.23 $ (0.36)
Dividends declared per Class A common share $ 0.42 $ 0.39 $ 0.83 $ 0.77