XML 19 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
11 Months Ended 12 Months Ended
Nov. 30, 2015
Nov. 30, 2017
Nov. 30, 2016
Revenues:      
Operating revenues [1] $ 10,660 $ 70,089 $ 61,198
Total revenues 10,660 70,089 61,198
Operating costs and expenses:      
Cost of operations [1] 2,624 8,450 6,959
Cost of operations—SunPower, prior to IPO [1] 468 0 0
Selling, general and administrative [1] 10,702 9,732 7,003
Depreciation and accretion [1] 4,291 28,070 22,792
Acquisition-related transaction costs [1] 212 56 2,271
Total operating costs and expenses [1] 18,297 46,308 39,025
Operating income (loss) (7,637) 23,781 22,173
Other expense (income):      
Interest expense 1,860 23,497 12,081
Interest income (1,470) (1,198) (1,203)
Other expense (income) 12,536 (971) (1,518)
Total other expense, net 12,926 21,328 9,360
Income (loss) before income taxes and equity in earnings of unconsolidated investees (20,563) 2,453 12,813
Income tax provision (12,503) (6,587) (18,244)
Equity in earnings of unconsolidated investees 9,055 43,379 18,341
Net income (loss) (24,011) 39,245 12,910
Less: Predecessor loss prior to IPO on June 24, 2015 (20,095) 0 0
Net income (loss) subsequent to IPO (3,916) 39,245 12,910
Less: Net income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests (22,642) 27,838 (14,191)
Net income attributable to 8point3 Energy Partners LP Class A shares $ 18,726 $ 11,407 $ 27,101
Net income per Class A share:      
Basic (in dollars per share) $ 0.94 $ 0.41 $ 1.27
Diluted (in dollars per share) 0.94 0.41 1.27
Distributions per Class A share: $ 0.16 $ 1.04 $ 0.91
Weighted average number of Class A shares:      
Basic (in dollars per share) 20,002 28,079 21,420
Diluted (in dollars per share) 35,034 43,579 36,920
[1] The Partnership has related-party activities for transactions made with the Sponsors. Related party transactions recorded within “Operating revenues” in the consolidated statement of operations were $5.2 million, $5.2 million and $2.3 million in fiscal 2017, 2016 and 2015, respectively. Related party transactions recorded within “Operating costs and expenses” in the consolidated statement of operations were $8.4 million, $7.0 million and $1.4 million in fiscal 2017, 2016 and 2015, respectively. Related party transactions recorded within “Other expense (income)” in the consolidated statement of operations were $0.3 million in fiscal 2017, and zero in both fiscal 2016 and 2015.