TerraForm Power, Inc. - Selected Financial Data

Our consolidated financial statements were prepared assuming we would continue as a going concern (which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business). Our ability to continue as a going concern is dependent on many factors, including among other things, the resolution of the SunEdison Bankruptcy absent claims from interested parties that the assets and liabilities of the Company be substantively consolidated with SunEdison and that the Company and/or its assets and liabilities be included in the SunEdison Bankruptcy as well as our ability to comply with or modify our existing debt covenant requirements. Management’s plans with respect to these conditions are further described in Note 1 to our consolidated financial statements included in this annual report on Form 10-K. The following Selected Financial Data taken from our accompanying financial statements have been prepared assuming that we will continue as a going concern. These financial statements do not include any adjustments that might result from the outcome of this uncertainty.



	Year Ended December 31,
(in thousands, except per share data)	2015			2014			2013			2012
Statement of Operations Data:
Operating revenues, net	$	469,506		$	127,156		$	18,716		$	16,992
Operating costs and expenses:
Cost of operations	70,468			10,630			1,112			917
Cost of operations - affiliate	19,915			8,063			1,068			834
General and administrative expenses	55,811			20,984			289			177
General and administrative expenses - affiliate	55,330			19,144			5,158			4,425
Acquisition and related costs	49,932			10,177			—			—
Acquisition and related costs - affiliate	5,846			5,049			—			—
Loss on prepaid warranty - affiliate	45,380			—			—			—
Depreciation, accretion and amortization expense	161,310			41,280			5,731			5,034
Formation and offering related fees and expenses	—			3,570			—			—
Formation and offering related fees and expenses - affiliate	—			1,870			—			—
Total operating costs and expenses	463,992			120,767			13,358			11,387
Operating income	5,514			6,389			5,358			5,605
Other expenses:
Interest expense, net	167,805			86,191			8,129			7,665
Loss (gain) on extinguishment of debt, net	16,156			(7,635		)	—			—
Loss (gain) on foreign currency exchange, net	19,488			14,007			(771		)	—
Loss on investments and receivables - affiliate	16,079			—			—			—
Other expenses, net	7,362			438			—			—
Total other expenses, net	226,890			93,001			7,358			7,665
Loss before income tax benefit	(221,376		)	(86,612		)	(2,000		)	(2,060		)
Income tax benefit	(13,241		)	(4,689		)	(88		)	(1,270		)
Net loss	$	(208,135	)	$	(81,923	)	$	(1,912	)	$	(790	)
Net loss attributable to Class A common stockholders	$	(79,886	)	$	(25,617	)	N/A			N/A
Basic and diluted loss per Class A common share	(1.25		)	(0.87		)	N/A			N/A
Dividends declared per Class A common share	1.01			0.44			N/A			N/A