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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
8 Months Ended 9 Months Ended
Aug. 31, 2015
Aug. 31, 2016
Cash flows from operating activities:    
Net income (loss) $ (15,367) $ 8,660
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation, amortization and accretion [1] 2,374 16,325
Loss on cash flow hedges 3,242 0
Interest expense on financing obligation 1,193 0
Loss on termination of financing obligation 6,478 0
Reserve for rebates receivable 1,338 0
Distributions from unconsolidated investees 0 15,130
Equity in earnings of unconsolidated investees (6,115) (13,504)
Deferred income taxes 695 15,281
Share-based compensation 56 168
Amortization of debt issuance costs 0 442
Changes in allowance for doubtful accounts 0 270
Changes in operating assets and liabilities:    
Accounts receivable and financing receivable, net 99 (4,290)
Cash grants receivable 146 0
Rebates receivable (121) 0
Solar power systems to be leased under sales type leases 160 0
Prepaid and other current assets (4,232) (1,398)
Deferred revenue 426 467
Accounts payable and other current liabilities 1,564 806
Net cash provided by (used in) operating activities (7,294) 37,821
Cash flows from investing activities:    
Cash provided by (used in) purchases of property and equipment (225,225) 1,415
Cash paid for acquisitions 0 (124,326)
Distributions from unconsolidated investees 4,672 653
Net cash used in investing activities (220,553) (122,258)
Cash flows from financing activities:    
Proceeds from issuance of Class A shares, net of issuance costs 393,750 (201)
Proceeds from issuance of bank loans, net of issuance costs 461,192 64,991
Repayment of bank loans (264,143) 0
Cash contributions from noncontrolling interests and redeemable noncontrolling interests - tax equity investors 7,031 372
Cash distributions to noncontrolling interests and redeemable noncontrolling interests - tax equity investors 0 (4,102)
Net cash provided by financing activities 271,245 57,546
Net increase (decrease) in cash and cash equivalents 43,398 (26,891)
Cash and cash equivalents, beginning of period 0 56,781
Cash and cash equivalents, end of period 43,398 29,890
Non-cash transactions:    
Assignment of financing receivables to a third-party financial institution 1,279 0
Property and equipment acquisitions funded by liabilities 0 17,410
Predecessor liabilities assumed by SunPower 48,588 0
Issuance by OpCo of OpCo common units, subordinated units and IDR for acquisition of interests in First Solar Project Entities 408,820 0
Settlement of related party payable by capital contribution from tax equity investor 0 46,837
Accrued distributions to noncontrolling interests and redeemable noncontrolling interests - tax equity investors 0 795
Interest Rate Swap    
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Unrealized loss (gain) on interest rate swap 770 (536)
SunPower    
Cash flows from financing activities:    
Capital contributions from SunPower 337,794 9,973
Capital distribution (3,162) 0
Cash distribution made for the remaining purchase price payments of initial projects (5,993) 0
SunPower | I P O    
Cash flows from financing activities:    
Capital distribution (371,527) 0
First Solar | I P O    
Cash flows from financing activities:    
Capital distribution (283,697) 0
Class A    
Cash flows from financing activities:    
Capital distribution $ 0 $ (13,487)
[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 $3.9 million for the three and nine months ended August 31, 2016, respectively, and $1.0 million for the three and eight months ended August 31, 2015. Related party transactions recorded within “Operating costs and expenses” in the unaudited condensed consolidated statement of operations were $1.9 million and $5.0 million for the three and nine months ended August 31, 2016, respectively, and $0.4 million and $0.8 million for the three and eight months ended August 31, 2015, respectively.