Segment Reporting (Tables)
|
12 Months Ended |
Dec. 31, 2015 |
|---|
| Segment Reporting [Abstract] |
|
| Summary of Financial Information, by Segment |
The following table reflects summarized financial information concerning the Company’s reportable segments for the years ended December 31, 2015, 2014 and 2013: | | | | | | | | | | | | | | | | Year ended December 31, | (In thousands) | | 2015 | | 2014 | | 2013 | Operating revenue, net: | | | | | | | Wind Energy | | $ | 31,197 |
| | $ | — |
| | $ | — |
| Solar Energy | | 92,919 |
| | 39,449 |
| | 22,196 |
| Consolidated | | $ | 124,116 |
| | $ | 39,449 |
| | $ | 22,196 |
| Depreciation, accretion and amortization: | | | | | | | Wind Energy | | $ | 11,973 |
| | $ | — |
| | $ | — |
| Solar Energy | | 16,796 |
| | 7,167 |
| | 4,785 |
| Consolidated | | $ | 28,769 |
| | $ | 7,167 |
| | $ | 4,785 |
| Other operating costs and expenses: | | | | | | | Wind Energy | | $ | 10,779 |
| | $ | — |
| | $ | — |
| Solar Energy | | 13,132 |
| | 4,256 |
| | 1,666 |
| Corporate | | 295,070 |
| | 12,199 |
| | 5,837 |
| Consolidated | | $ | 318,981 |
| | $ | 16,455 |
| | $ | 7,503 |
| Interest expense, net: | | | | | | | Wind Energy | | $ | 943 |
| | $ | — |
| | $ | — |
| Solar Energy | | 39,098 |
| | 24,294 |
| | 11,812 |
| Corporate | | 67,607 |
| | — |
| | — |
| Consolidated | | $ | 107,648 |
| | $ | 24,294 |
| | $ | 11,812 |
| Other non-operating expense (income): | | | | | | | Wind Energy | | $ | 429 |
| | $ | — |
| | $ | — |
| Solar Energy | | 24,177 |
| | (5,128 | ) | | 2,024 |
| Corporate | | 10,263 |
| | — |
| | — |
| Consolidated | | $ | 34,869 |
| | $ | (5,128 | ) | | $ | 2,024 |
| Income tax expense (benefit): | | | | | | | Wind Energy | | $ | — |
| | $ | — |
| | $ | — |
| Solar Energy | | — |
| | — |
| | — |
| Corporate | | 4,858 |
| | 1,700 |
| | (1,651 | ) | Consolidated | | $ | 4,858 |
| | $ | 1,700 |
| | $ | (1,651 | ) | Net (loss) income: | | | | | | | Wind Energy | | $ | 7,073 |
| | $ | — |
| | $ | — |
| Solar Energy | | (284 | ) | | 8,860 |
| | 1,909 |
| Corporate | | (377,798 | ) | | (13,899 | ) | | (4,186 | ) | Consolidated | | $ | (371,009 | ) | | $ | (5,039 | ) | | $ | (2,277 | ) |
|
| Schedule of Revenue by Major Customers |
The following table reflects operating revenues, net for the years ended December 31, 2015, 2014 and 2013 by specific customers exceeding 10% of total operating revenue: | | | | | | | | | | | | | | | | | | | | | | December 31, 2015 | | December 31, 2014 | | December 31, 2013 | (In thousands, except for percentages) | | Amount | | Percentage | | Amount | | Percentage | | Amount | | Percentage | Eskom Holdings SOC Limited | | $ | 44,006 |
| | 35% | | $ | 7,152 |
| | 18% | | ** | | ** | Camara de Comercializacao de Energia Eletrica | | 18,910 |
| | 15% | | ** | | ** | | ** | | ** | Gujarat Urja Vikas Nigam Limited | | 17,593 |
| | 14% | | 4,535 |
| | 11% | | $ | 4,419 |
| | 20% | Inner Mongolia Power (group) Co., LTD. | | 12,298 |
| | 10% | | ** | | ** | | ** | | ** | NTPC Vidyut Vyapar Nigam Limited | | ** | | ** | | 9,657 |
| | 24% | | 10,187 |
| | 46% | Malaysia Airports (Sepang) Sdn Bhd | | ** | | ** | | 5,034 |
| | 13% | | ** | | ** |
** These customers did not exceed 10% of total operating revenue for the period indicated. |
| Reconciliation of Revenue from Segments to Consolidated |
The following table reflects operating revenues, net for the years ended December 31, 2015, 2014 and 2013 by geographic location: | | | | | | | | | | | | | | | | Year ended December 31, | (In thousands) | | 2015 | | 2014 | | 2013 | Brazil | | $ | 18,910 |
| | $ | — |
| | $ | — |
| China | | 16,960 |
| | 2,423 |
| | 929 |
| India | | 34,099 |
| | 19,767 |
| | 20,382 |
| Malaysia | | 8,187 |
| | 8,882 |
| | 885 |
| South Africa | | 44,006 |
| | 7,152 |
| | — |
| Thailand | | 1,954 |
| | 1,225 |
| | — |
| Consolidated | | $ | 124,116 |
| | $ | 39,449 |
| | $ | 22,196 |
|
|
| Reconciliation of Assets from Segment to Consolidated |
The following table reflects reportable segment assets as of December 31, 2015 and 2014: | | | | | | | | | | | | As of December 31, | (In thousands) | | 2015 | | 2014 | Wind Energy | | $ | 375,683 |
| | $ | — |
| Solar Energy | | 736,359 |
| | 673,456 |
| Corporate (1) | | 1,547,008 |
| | — |
| Consolidated | | $ | 2,659,050 |
| | $ | 673,456 |
|
| | (1) | Corporate assets primarily consist of cash and cash equivalents, intercompany accounts receivable, other current assets and other assets. |
|
| Reportable Segment Capital Expenditures |
The following table reflects reportable segment capital expenditures as of December 31, 2015, 2014, and 2013: | | | | | | | | | | | | | | | | As of December 31, | (In thousands) | | 2015 | | 2014 | | 2013 | Wind Energy | | $ | 397 |
| | $ | — |
| | $ | — |
| Solar Energy | | 93,856 |
| | 190,267 |
| | 60,312 |
| Corporate | | — |
| | — |
| | — |
| Consolidated | | $ | 94,253 |
| | $ | 190,267 |
| | $ | 60,312 |
|
|
| Schedule of Long-lived Assets by Geographical Areas |
The following table is a summary of long-lived assets by geographic area: | | | | | | | | | | | | As of December 31, | (In thousands) | | 2015 | | 2014 | Brazil | | $ | 467,990 |
| | $ | — |
| China | | 166,295 |
| | 25,465 |
| India | | 211,561 |
| | 186,782 |
| Malaysia | | 35,902 |
| | 45,328 |
| South Africa | | 258,634 |
| | 121,285 |
| Thailand | | 7,968 |
| | 6,959 |
| Other | | — |
| | 260 |
| Total long-lived assets, net |
| $ | 1,148,350 |
|
| $ | 386,079 |
| Current assets | | 1,216,127 |
| | 234,666 |
| Other non-current assets | | 294,573 |
|
| 52,711 |
| Total assets | | $ | 2,659,050 |
| | $ | 673,456 |
|
|