SEGMENT REPORTING

The Company has two reportable segments: Solar Energy and Wind Energy. These segments include the Company’s entire portfolio of power plants and are determined based on the “management” approach. This approach designates the internal reporting used by management for making decisions and assessing performance as the source of the reportable segments. Corporate expenses include general and administrative expenses, acquisition costs, formation and offering related fees and expenses, interest expense on corporate level indebtedness and stock-based compensation.

The following tables reflect summarized financial information concerning the Company’s reportable segments for the three and six months ended June 30, 2017 and 2016:



	Three Months Ended June 30, 2017											Three Months Ended June 30, 2016
(In thousands)	Solar		Wind			Corporate			Total			Solar			Wind			Corporate			Total
Operating revenues, net	$	29,283	$	33,219		$	—		$	62,502		$	28,878		$	27,552		$	—		$	56,430
Depreciation, accretion and amortization	7,078		14,131			—			21,209			6,509			6,516			—			13,025
Other operating costs and expenses	5,136		8,345			18,580			32,061			4,703			5,899			15,503			26,105
Interest expense (income), net	10,128		(100		)	18,940			28,968			10,372			(281		)	18,884			28,975
Other non-operating (income) expenses	4,666		1,634			(10,776		)	(4,476		)	14,304			1,053			(34,774		)	(19,417		)
Income tax expense¹	—		—			2,485			2,485			—			—			2,061			$	2,061
Net income (loss)	$	2,275	$	9,209		$	(29,229	)	$	(17,745	)	$	(7,010	)	$	14,365		$	(1,674	)	$	5,681



	Six Months Ended June 30, 2017											Six Months Ended June 30, 2016
(In thousands)	Solar		Wind			Corporate			Total			Solar			Wind			Corporate			Total
Operating revenues, net	$	61,499	$	57,487		$	—		$	118,986		$	57,617		$	46,499		$	—		$	104,116
Depreciation, accretion and amortization	14,220		22,090			—			36,310			12,381			15,216			—			27,597
Other operating costs and expenses	10,269		16,139			35,961			62,369			11,273			13,328			31,925			56,526
Interest expense (income), net	20,069		(216		)	39,604			59,457			22,634			(2,049		)	42,053			62,638
Other non-operating (income) expenses	9,411		1,444			(35,257		)	(24,402		)	18,549			3,042			(66,588		)	(44,997		)
Income tax expense¹	—		—			4,950			4,950			—			—			2,919			$	2,919
Net income (loss)	$	7,530	$	18,030		$	(45,258	)	$	(19,698	)	$	(7,220	)	$	16,962		$	(10,309	)	$	(567	)

The following table reflects reportable segment assets as of June 30, 2017 and December 31, 2016:



Balance Sheet	As of June 30, 2017								As of December 31, 2016
(In thousands)	Solar		Wind		Corporate		Total		Solar		Wind		Corporate		Total
Total assets²	$	566,235	$	347,146	$	1,530,964	$	2,444,345	$	556,452	$	448,621	$	1,443,206	$	2,448,279


(1)	Income tax benefit is not allocated to the Company’s Solar and Wind segments.


(2)	Corporate assets include cash and cash equivalents, intercompany accounts receivable, other current assets and other assets.