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Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue:        
Total revenue $ 119 $ 118 $ 394 $ 370
Cost of revenue:        
Project expense 41 36 121 105
Transmission costs 5 6 17 21
Depreciation, amortization and accretion 76 56 236 166
Total cost of revenue 122 98 374 292
Gross profit (loss) (3) 20 20 78
Operating expenses:        
General and administrative 12 9 34 29
Development expenses 13 0 13 0
Related party general and administrative 4 4 12 12
Impairment expense 0 3 0 7
Total operating expenses 29 16 59 48
Operating income (loss) (32) 4 (39) 30
Other income (expense):        
Interest expense (27) (28) (78) (81)
Gain on derivatives 3 2 3 16
Earnings (loss) in unconsolidated investments, net (10) (4) (16) 13
Net gain (loss) on transactions (3) 1 (5) (2)
Other expense, net (1) (3) (3) (8)
Total other expense (38) (32) (99) (62)
Net loss before income tax (70) (28) (138) (32)
Income tax provision 1 3 9 14
Net loss (71) (31) (147) (46)
Net loss attributable to noncontrolling interest (20) (18) (59) (202)
Net income (loss) attributable to Pattern Energy $ (51) $ (13) $ (88) $ 156
Weighted-average number of common shares outstanding        
Basic (in shares) 97,600,393 97,460,492 97,595,765 97,464,012
Diluted (in shares) 97,600,393 97,460,492 97,595,765 105,788,848
Net income (loss) per share attributable to Pattern Energy        
Basic (in dollars per share) $ (0.53) $ (0.13) $ (0.91) $ 1.60
Diluted (in dollars per share) $ (0.53) $ (0.13) $ (0.91) $ 1.58
Electricity sales        
Revenue:        
Total revenue $ 115 $ 116 $ 373 $ 354
Other revenue        
Revenue:        
Total revenue $ 4 $ 2 $ 21 $ 16