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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
May 31, 2016
Jun. 28, 2015
May 31, 2016
Jun. 28, 2015
Revenues:        
Operating revenues [1] $ 13,517 $ 2,179 $ 20,619 $ 4,313
Total revenues 13,517 2,179 20,619 4,313
Operating costs and expenses:        
Cost of operations [1] 1,759 252 3,025 2,310
Cost of operations-SunPower, prior to IPO [1] 0 234 0 468
Selling, general and administrative [1] 1,656 4,519 3,292 7,798
Depreciation, amortization and accretion [1] 5,388 748 10,014 1,478
Acquisition-related transaction costs [1] 829 0 1,662 0
Total operating costs and expenses [1] 9,632 5,753 17,993 12,054
Operating income (loss) 3,885 (3,574) 2,626 (7,741)
Other expense (income):        
Interest expense 3,051 480 5,924 1,526
Interest income (328) (1,064) (613) (1,064)
Other expense (income) (334) 7,977 (260) 11,925
Total other expense, net 2,389 7,393 5,051 12,387
Income (loss) before income taxes 1,496 (10,967) (2,425) (20,128)
Income tax provision (6,681) (103) (10,218) (109)
Equity in earnings of unconsolidated investees 5,024 218 5,429 218
Net loss (161) (10,852) (7,214) (20,019)
Less: Predecessor loss prior to IPO on June 24, 2015 0 (10,928) 0 (20,095)
Net income (loss) subsequent to IPO (161) 76 (7,214) 76
Less: Net loss attributable to noncontrolling interests and redeemable noncontrolling interests (10,183) (69) (22,544) (69)
Net income attributable to 8point3 Energy Partners LP Class A shares $ 10,022 $ 145 $ 15,330 $ 145
Net income per Class A share:        
Basic $ 0.50 $ 0.01 $ 0.77 $ 0.01
Diluted 0.50 0.01 0.77 0.01
Distributions per Class A share: $ 0.22 $ 0 $ 0.44 $ 0
Weighted average number of Class A shares:        
Basic 20,011 20,000 20,009 20,000
Diluted 35,511 32,500 35,509 32,500
[1] The Partnership has related-party activities for transactions made with the Sponsors. Related party transactions recorded within “Operating revenues” in the unaudited condensed consolidated statement of operations were $1.3 million and $2.6 million for the three and six months ended May 31, 2016, respectively, and $0.1 million for each of the three and six months ended June 28, 2015. Related party transactions recorded within “Operating costs and expenses” in the unaudited condensed consolidated statement of operations were $1.7 million and $3.1 million for the three and six months ended May 31, 2016, respectively, and $0.2 million and $0.5 million for the three and six months ended June 28, 2015, respectively.