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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Aug. 31, 2017
Aug. 31, 2016
Cash flows from operating activities:    
Net income $ 30,485 $ 8,660
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion 21,198 16,325
Unrealized gain on interest rate swap (349) (536)
Distributions from unconsolidated investees 32,892 15,130
Equity in earnings of unconsolidated investees (33,287) (13,504)
Deferred income taxes 7,858 15,281
Share-based compensation 168 168
Amortization of debt issuance costs 737 442
Other, net 1 270
Changes in operating assets and liabilities:    
Accounts receivable and financing receivable, net (2,830) (4,290)
Prepaid and other assets 6,170 (1,398)
Deferred revenue 482 467
Accounts payable and other liabilities 734 806
Net cash provided by operating activities 64,259 37,821
Cash flows from investing activities:    
Cash provided by (used in) purchases of property and equipment, net (314) 1,415
Cash paid for acquisitions (313,183) (124,326)
Distributions from unconsolidated investees 13,575 653
Net cash used in investing activities (299,922) (122,258)
Cash flows from financing activities:    
Proceeds from issuance of Class A shares, net of issuance costs 0 (201)
Proceeds from issuance of bank loans, net of issuance costs 283,999 64,991
Repayment of bank loans (7,000) 0
Repayment of promissory note to First Solar (1,964) 0
Capital contributions from SunPower 0 9,973
Cash distribution (39,255) 0
Cash contributions from noncontrolling interests and redeemable noncontrolling interests - tax equity investors 24,353 372
Cash distributions to noncontrolling interests and redeemable noncontrolling interests - tax equity investors (6,760) (4,102)
Net cash provided by financing activities 231,763 57,546
Net decrease in cash and cash equivalents (3,900) (26,891)
Cash and cash equivalents, beginning of period 14,261 56,781
Cash and cash equivalents, end of period 10,361 29,890
Non-cash transactions:    
Issuance by OpCo of promissory note to First Solar in connection with the Stateline Acquisition 50,000 0
Property and equipment acquisitions funded by liabilities 2,618 17,410
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 923 795
Class A shares    
Cash flows from financing activities:    
Cash distribution $ (21,610) $ (13,487)