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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue:        
Electricity sales $ 115,417 $ 89,807 $ 353,515 $ 293,977
Other revenue 2,976 2,223 16,477 6,646
Total revenue 118,393 92,030 369,992 300,623
Cost of revenue:        
Project expense 37,229 33,932 105,456 96,437
Transmission costs 5,700 7,421 20,533 12,213
Depreciation, amortization and accretion 55,267 52,379 165,698 144,637
Total cost of revenue 98,196 93,732 291,687 253,287
Gross profit (loss) 20,197 (1,702) 78,305 47,336
Operating expenses:        
General and administrative 9,305 9,068 29,100 31,969
Related party general and administrative 4,285 3,587 12,016 10,589
Impairment expense 2,325 0 6,563 0
Total operating expenses 15,915 12,655 47,679 42,558
Operating income (loss) 4,282 (14,357) 30,626 4,778
Other expense:        
Interest expense (27,460) (27,147) (80,613) (74,541)
Gain (loss) on derivatives 1,536 (6,288) 15,997 (11,687)
Earnings (loss) in unconsolidated investments, net (4,304) (3,964) 13,166 27,431
Net earnings (loss) on transactions 1,130 (466) (1,970) (1,585)
Other income (expense), net (3,688) 7 (8,910) 560
Total other expense (32,786) (37,858) (62,330) (59,822)
Net loss before income tax (28,504) (52,215) (31,704) (55,044)
Tax provision (benefit) 3,043 (3,839) 14,237 5,477
Net loss (31,547) (48,376) (45,941) (60,521)
Net loss attributable to noncontrolling interest (18,952) (18,548) (201,986) (50,566)
Net income (loss) attributable to Pattern Energy $ (12,595) $ (29,828) $ 156,045 $ (9,955)
Weighted-average number of common shares outstanding        
Basic (in shares) 97,460,492 87,370,979 97,464,012 87,146,465
Diluted (in shares) 97,460,492 87,370,979 105,788,848 87,146,465
Earnings (loss) per share attributable to Pattern Energy        
Basic (in dollars per share) $ (0.13) $ (0.34) $ 1.60 $ (0.12)
Diluted (in dollars per share) (0.13) (0.34) 1.58 (0.12)
Dividends declared per Class A common share (in dollars per share) $ 0.42 $ 0.42 $ 1.27 $ 1.25