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Transactions Between Entities Under Common Control
 9 Months Ended
Sep. 30, 2016
Accounting Policies [Abstract]  
Transactions Between Entities Under Common Control
TRANSACTIONS BETWEEN ENTITIES UNDER COMMON CONTROL
Recast of Historical Financial Statements
The Company is required to recast historical financial statements when power plants are acquired from SunEdison. The recast reflects the assets and liabilities and the results of operations of the acquired power plants for the period the power plants were owned by SunEdison, which is in accordance with the rules applicable to transactions between entities under common control. The Company has modified the presentation of its condensed consolidated statements of operations to separate pre-acquisition net loss from power plants acquired from SunEdison from net loss attributable to Class A common stockholders.

    On February 24, 2016, the Company acquired two solar power plants in Thailand from SunEdison, NPS Star and WXA, with an aggregate net capacity of 35.6 MW, which resulted in a recast of the consolidated balance sheet as of December 31, 2015, and the related consolidated statement of cash flows for the nine months ended September 30, 2016. These power plants became operational at the end of 2015, which resulted in a recast of the condensed consolidated statement of operations to separate the pre-acquisition net loss from power plants acquired from SunEdison from net loss attributable to Class A common stockholders.
The following table presents changes to the Company's consolidated balance sheet as of December 31, 2015, included in the Company's 2015 Annual Report on Form 10-K:
(In thousands)
Balance Sheet Caption
 
As Reported
 
Recast Adjustments
 
As Recasted
Cash and cash equivalents
 
$
921,946

 
$
372

 
$
922,318

Prepaid expenses and other current assets
 
144,743

 
(5,408
)
 
139,335

Power plants, net
 
1,148,350

 
58,254

 
1,206,604

Restricted cash
 
22,582

 
100

 
22,682

Due from SunEdison, net
 
10,110

 
(10,110
)
 
—

Other assets
 
66,901

 
(15,092
)
 
51,809

Change in total assets
 

 
$
28,116

 
 
 
 
 
 
 
 
 
Current portion of long-term debt
 
$
327,714

 
$
(8,216
)
 
$
319,498

Accounts payable
 
8,034

 
457

 
8,491

Accrued expenses and other current liabilities
 
123,280

 
6,157

 
129,437

Due to SunEdison, net
 
—

 
44,254

 
44,254

Long-term debt, less current portion
 
968,047

 
(15,394
)
 
952,653

Change in total liabilities
 
 
 
$
27,258

 
 
 
 
 
 
 
 
 
Additional paid-in capital
 
$
923,924

 
$
(184
)
 
$
923,740

Accumulated deficit
 
(212,661
)
 
532

 
(212,129
)
Accumulated other comprehensive loss
 
(11,253
)
 
72

 
(11,181
)
Non-controlling interests
 
480,668

 
438

 
481,106

Change in total stockholders' equity
 
 
 
$
858

 


The balance sheet recast adjustments shown above also include the impact of the Adoption of ASU 2015-03 on presentation of debt issuance costs, which reclassed $23.6 million from other current assets to long-term debt, less current portion.
    




    


The following table presents changes to the Company's previously reported condensed consolidated statement of cash flows for the nine months ended September 30, 2015 included in the Company's previously filed Quarterly Report on Form 10-Q:
(In thousands)
Statement of Cash Flows Caption
 
As Reported
 
Recast Adjustment
 
As Recasted
Cash flows from operating activities:
 
 
 
 
 
 
Net loss
 
$
(116,813
)
 
$
(1,783
)
 
$
(118,596
)
Adjustments to reconcile net loss to net cash used in operating activities:
 
 
 
 
 
 
Changes in operating assets and liabilities, net
 
57,687

 
(3,090
)
 
54,597

Net cash used in operating activities
 

 
$
(4,873
)
 

Cash flows from investing activities:
 
 
 
 
 
 
Capital expenditures
 
(94,516
)
 
(3,608
)
 
(98,124
)
Proceeds from sale of power purchase agreement
 
—

 
9,305

 
9,305

Net cash provided by investing activities
 

 
$
5,697

 

Effect of exchange rate changes on cash and cash equivalents
 
246

 
(280
)
 
(34
)
Net increase in cash and cash equivalents
 

 
544

 

Cash and equivalents at beginning of period
 
150,146

 
—

 
150,146

Cash and cash equivalents at end of period
 
$
1,108,513

 
$
544

 
$
1,109,057


The following table presents changes to the Company's previously reported condensed consolidated statement of operations for the three and nine months ended September 30, 2015 included in the Company's previously filed Quarterly Report on Form 10-Q:
 
 
Three Months Ended September 30, 2015
 
Nine Months Ended September 30, 2015
(In thousands)
Statement of Operations Caption
 
As Reported
 
Recast Adjustment
 
As Recasted
 
As Reported
 
Recast Adjustment
 
As Recasted
Cost of Operations - affiliate
 
$
2,417

 
$
2,003

 
$
4,420

 
$
4,750

 
$
2,003

 
$
6,753

General and Administrative
 
401

 
1

 
402

 
7,818

 
1

 
7,819

Gain on foreign currency exchange
 
35,051

 
215

 
35,266

 
28,077

 
215

 
28,292

Other (income) expense, net
 
3,385

 
10

 
3,395

 
3,068

 
10

 
3,078

Income tax (benefit) expense
 
(18
)
 
(446
)
 
(464
)
 
432

 
(446
)
 
(14
)
Change in costs and expenses
 
 
 
$
1,783

 
 
 
 
 
$
1,783

 
 
Less: net loss attributed to non-controlling interest
 
(29,387
)
 
(306
)
 
(29,693
)
 
(29,387
)
 
(306
)
 
(29,693
)
Change in net loss
 
 
 
$
2,089

 
 
 
 
 
$
2,089