XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
May 31, 2017
May 31, 2016
May 31, 2017
May 31, 2016
Revenues:        
Operating revenues [1] $ 16,678 $ 13,517 $ 26,575 $ 20,619
Total revenues 16,678 13,517 26,575 20,619
Operating costs and expenses:        
Cost of operations [1] 2,110 1,759 4,332 3,025
Selling, general and administrative [1] 1,942 1,656 3,844 3,292
Depreciation and accretion [1] 6,892 5,388 13,655 10,014
Acquisition-related transaction costs [1] 18 829 31 1,662
Total operating costs and expenses [1] 10,962 9,632 21,862 17,993
Operating income 5,716 3,885 4,713 2,626
Other expense (income):        
Interest expense 5,874 3,051 11,369 5,924
Interest income (294) (328) (565) (613)
Other expense (income) 37 (334) (797) (260)
Total other expense, net 5,617 2,389 10,007 5,051
Income (loss) before income taxes and equity in earnings of unconsolidated investees 99 1,496 (5,294) (2,425)
Income tax provision (2,315) (6,681) (2,848) (10,218)
Equity in earnings of unconsolidated investees 9,359 5,024 9,965 5,429
Net income (loss) 7,143 (161) 1,823 (7,214)
Less: Net income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests $ 3,757 $ (10,183) $ (2,424) $ (22,544)
Net income per Class A share:        
Basic (in dollars per share) $ 0.12 $ 0.50 $ 0.15 $ 0.77
Diluted (in dollars per share) 0.12 0.50 0.15 0.77
Distributions per Class A share (in dollars per share) $ 0.26 $ 0.22 $ 0.51 $ 0.44
Weighted average number of Class A shares:        
Basic (in shares) 28,077 20,011 28,075 20,009
Diluted (in shares) 43,577 35,511 43,575 35,509
Class A shares        
Other expense (income):        
Net income attributable to 8point3 Energy Partners LP Class A shares $ 3,386 $ 10,022 $ 4,247 $ 15,330
[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 for each of the three months ended May 31, 2017 and May 31, 2016, and $2.6 million for each of the six months ended May 31, 2017 and May 31, 2016. Related party transactions recorded within “Operating costs and expenses” in the unaudited condensed consolidated statement of operations were $2.2 million and $1.7 million for the three months ended May 31, 2017 and May 31, 2016, respectively, and $4.2 million and $3.1 million for the six months ended May 31, 2017 and May 31, 2016, respectively.