Acquisitions
 9 Months Ended
Sep. 30, 2016
Business Combinations [Abstract]  
Acquisitions
Acquisitions
On May 15, 2015, pursuant to a Purchase and Sale Agreement, the Company acquired 100% of the membership interests in Lost Creek Wind Finco, LLC (Lost Creek Finco) from Wind Capital Group LLC, an unrelated third party, and 100% of the membership interests in Lincoln County Wind Project Holdco, LLC (Lincoln County Holdco) from Lincoln County Wind Project Finco, LLC, an unrelated third party. Lost Creek Finco owns 100% of the Class B membership interests in Lost Creek Wind Holdco, LLC (Lost Creek Wind Holdco), a company which owns a 100% interest in the Lost Creek wind project. Lincoln County Holdco owns 100% of the Class B membership interests in Post Rock Wind Power Project, LLC, a company which owns a 100% interest in the Post Rock wind project. The acquisition of 100% of the membership interests in Lost Creek Finco and Lincoln County Holdco was for an aggregate consideration of approximately $242.0 million, paid at closing. The Company also assumed certain project level indebtedness and ordinary course performance guarantees securing project obligations. Lost Creek is a 150 MW wind project in King City, Missouri, and Post Rock is a 201MW wind project in Ellsworth and Lincoln Counties, Kansas.
The Company acquired assets and operating contracts for Lost Creek and Post Rock, including assumed liabilities. The identifiable assets and liabilities assumed were recorded at their fair values, which corresponded to the sum of the cash purchase price and the fair value of the other investors’ noncontrolling interests. The accounting for the Lost Creek and Post Rock acquisitions is final.
Supplemental pro forma data
The unaudited pro forma statement of operations data below gives effect to the Lost Creek and Post Rock acquisitions as if they had occurred on January 1, 2014. The pro forma net income (loss) for the three and nine month periods ended September 30, 2015 was adjusted to exclude nonrecurring transaction related credits of $0.2 million and expenses of $1.7 million, respectively. The unaudited pro forma data is presented for illustrative purposes only and is not intended to be indicative of actual results that would have been achieved had these acquisitions been consummated as of January 1, 2014. The unaudited pro forma data should not be considered representative of the Company’s future financial condition or results of operations.
 
 
Three months ended
 
Nine months ended
Unaudited pro forma data (in thousands)
 
September 30, 2015
 
September 30, 2015
Pro forma total revenue
 
$
89,697

 
$
260,497

Pro forma total expenses
 
125,261

 
315,976

Pro forma net loss
 
(35,564
)
 
(55,479
)
Less: pro forma net loss attributable to noncontrolling interest
 
(5,927
)
 
(23,539
)
Pro forma net loss attributable to Pattern Energy
 
$
(29,637
)
 
$
(31,940
)

The following table presents the amounts included in the consolidated statements of operations for Lost Creek and Post Rock since their respective dates of acquisition:
 
 
Three months ended
 
Nine months ended
Unaudited data (in thousands)

 
September 30, 2015
 
September 30, 2015
Total revenue
 
$
10,081

 
$
15,253

Total expenses
 
15,197

 
21,547

Net loss
 
(5,116
)
 
(6,294
)
Less: net loss attributable to noncontrolling interest
 
(1,965
)
 
(2,765
)
Net loss attributable to Pattern Energy
 
$
(3,151
)
 
$
(3,529
)