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Acquisitions (Tables)
 6 Months Ended
Jun. 30, 2018
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table details the total consideration paid by the Company and the fair value of the assets acquired and liabilities assumed (in thousands):


March 7, 2018
Consideration
 
$
282,548

Identifiable assets acquired:
 

Cash and cash equivalents (1)

$
10,100

Restricted cash, current (1)

8,325

Trade receivables (1)

3,005

Prepaid expenses (1)

2,207

Other current assets (1)

8,368

Major equipment advances (1)

1,240

Restricted cash, noncurrent (1)

565

Deferred financing costs, net (1)

1,337

Property, plant and equipment

263,281

Construction in progress

180,949

Land (1)

112

Goodwill

60,302

Finite lived intangible assets

103,170

Other noncurrent assets (1)

3,270

Identifiable liabilities assumed:
 

Accounts payable and other accrued liabilities (1)

(6,607
)
Accrued interest (1)

(474
)
Accrued construction costs (1)

(4,128
)
Contingent liabilities, current

(16,249
)
Current portion of long-term debt

(7,511
)
Other current liabilities (1)

(22,094
)
Long-term debt

(173,828
)
Deferred tax liabilities

(67,179
)
Asset retirement obligations

(39,872
)
Finite lived intangible liability

(9,252
)
Derivative liabilities

(5,376
)
Assets and liabilities assumed before noncontrolling interests

293,661

Less: noncontrolling interests

(11,113
)
Consideration

$
282,548

(1) Amounts recorded at carrying value which was representative of the fair value on the date of acquisition.
Business Acquisition, Pro Forma Information
The unaudited pro forma statement of operations data below gives effect to the Japan Acquisition, as if it had occurred on January 1, 2017. The 2018 pro forma net loss was adjusted to exclude nonrecurring transaction related expenses of $1.3 million. The unaudited pro forma data is presented for illustrative purposes only and is not intended to be indicative of actual results that would have been achieved had the acquisition been consummated as of January 1, 2017. The unaudited pro forma data should not be considered representative of the Company’s future financial condition or results of operations.
Unaudited pro forma data (in thousands)
 
Three Months Ended June 30, 2018
 
Three Months Ended June 30, 2017
 
Six Months Ended June 30, 2018
 
Six Months Ended June 30, 2017
Pro forma total revenue
 
$
139,940

 
$
115,185

 
$
255,334

 
$
222,228

Pro forma total expenses
 
(141,714
)
 
(130,957
)
 
(269,068
)
 
(235,797
)
Pro forma net loss
 
(1,774
)
 
(15,772
)
 
(13,734
)
 
(13,569
)
Less: pro forma net loss attributable to noncontrolling interest
 
(34,492
)
 
(28,759
)
 
(182,828
)
 
(31,801
)
Pro forma net income attributable to Pattern Energy
 
$
32,718

 
$
12,987

 
$
169,094

 
$
18,232

The following table presents the amounts included in the consolidated statements of operations for the acquisitions discussed above since their respective dates of acquisition:
Unaudited data (in thousands)
 
Three Months Ended June 30, 2018
 
Six Months Ended June 30, 2018
Total revenue
 
$
29,059

 
$
49,937

Total expenses
 
(26,324
)
 
(46,829
)
Net income
 
2,735

 
3,108

Less: net loss attributable to noncontrolling interest
 
(17,004
)
 
(38,577
)
Net income attributable to Pattern Energy
 
$
19,739

 
$
41,685