2014 Q2 Form 10-Q Financial Statement

#000156768314000015 Filed on August 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $219.0M $82.00M
YoY Change 167.07% 95.24%
Cost Of Revenue $53.00M $32.00M
YoY Change 65.63% 23.08%
Gross Profit $166.0M $50.00M
YoY Change 232.0% 212.5%
Gross Profit Margin 75.8% 60.98%
Selling, General & Admin $2.000M $2.000M
YoY Change 0.0% 0.0%
% of Gross Profit 1.2% 4.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $54.00M $10.00M
YoY Change 440.0% 66.67%
% of Gross Profit 32.53% 20.0%
Operating Expenses $53.00M $32.00M
YoY Change 65.63% 300.0%
Operating Profit $82.00M $38.00M
YoY Change 115.79% 375.0%
Interest Expense $34.00M $6.000M
YoY Change 466.67% -160.0%
% of Operating Profit 41.46% 15.79%
Other Income/Expense, Net -$20.00M -$3.000M
YoY Change 566.67%
Pretax Income $44.00M $35.00M
YoY Change 25.71% -1850.0%
Income Tax $2.000M $0.00
% Of Pretax Income 4.55% 0.0%
Net Earnings $6.000M $33.00M
YoY Change -81.82% -3400.0%
Net Earnings / Revenue 2.74% 40.24%
Basic Earnings Per Share $0.13
Diluted Earnings Per Share $1.000M $2.652M
COMMON SHARES
Basic Shares Outstanding 23.00M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $87.00M $17.00M
YoY Change 411.76%
Cash & Equivalents $108.0M $18.00M
Short-Term Investments
Other Short-Term Assets $32.00M $86.00M
YoY Change -62.79%
Inventory $14.00M $9.000M
Prepaid Expenses
Receivables $56.00M $45.00M
Other Receivables $6.000M $111.0M
Total Short-Term Assets $196.0M $268.0M
YoY Change -26.87%
LONG-TERM ASSETS
Property, Plant & Equipment $2.255B $1.492B
YoY Change 51.14%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $253.0M $243.0M
YoY Change 4.12%
Other Assets $93.00M $31.00M
YoY Change 200.0%
Total Long-Term Assets $785.0M $1.806B
YoY Change -56.53%
TOTAL ASSETS
Total Short-Term Assets $196.0M $268.0M
Total Long-Term Assets $785.0M $1.806B
Total Assets $3.236B $2.074B
YoY Change 56.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $65.00M $52.00M
YoY Change 25.0%
Accrued Expenses $19.00M $11.00M
YoY Change 72.73%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $119.0M $126.0M
YoY Change -5.56%
Total Short-Term Liabilities $233.0M $212.0M
YoY Change 9.91%
LONG-TERM LIABILITIES
Long-Term Debt $1.880B $1.076B
YoY Change 74.72%
Other Long-Term Liabilities $21.00M $56.00M
YoY Change -62.5%
Total Long-Term Liabilities $1.930B $1.132B
YoY Change 70.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $233.0M $212.0M
Total Long-Term Liabilities $1.930B $1.132B
Total Liabilities $2.163B $1.377B
YoY Change 57.08%
SHAREHOLDERS EQUITY
Retained Earnings $3.000M
YoY Change
Common Stock $815.0M $10.00
YoY Change 8149999900.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $809.0M $697.0M
YoY Change
Total Liabilities & Shareholders Equity $3.236B $2.074B
YoY Change 56.03%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $6.000M $33.00M
YoY Change -81.82% -3400.0%
Depreciation, Depletion And Amortization $54.00M $10.00M
YoY Change 440.0% 66.67%
Cash From Operating Activities $50.00M -$29.00M
YoY Change -272.41% -145.31%
INVESTING ACTIVITIES
Capital Expenditures -$7.000M -$88.00M
YoY Change -92.05% -29.03%
Acquisitions
YoY Change
Other Investing Activities -$296.0M -$41.00M
YoY Change 621.95% 925.0%
Cash From Investing Activities -$303.0M -$129.0M
YoY Change 134.88% 0.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -73.00M 153.0M
YoY Change -147.71% 131.82%
NET CHANGE
Cash From Operating Activities 50.00M -29.00M
Cash From Investing Activities -303.0M -129.0M
Cash From Financing Activities -73.00M 153.0M
Net Change In Cash -326.0M -5.000M
YoY Change 6420.0% -350.0%
FREE CASH FLOW
Cash From Operating Activities $50.00M -$29.00M
Capital Expenditures -$7.000M -$88.00M
Free Cash Flow $57.00M $59.00M
YoY Change -3.39% -68.62%

Facts In Submission

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CY2013Q3 nyld Capitalcontributionspercentage
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nyld Comprehensive Income Loss Net Of Tax Available For Common Stockholders
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CY2013Q4 nyld Derivative Asset Fair Value Amount Offset Against Collateral Net Of Derivative Liability Fair Value Amount Offset Against Collateral
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CY2014Q2 nyld Derivative Asset Fair Value Determined Using Valuation Techniques Percentage
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nyld Estimated Counterparty Credit Risk Exposure To Certain Counterparties Period
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CY2014Q2 nyld Fair Value Assets And Liabilities Level1 To Level2 Transfers Amount
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0 USD
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CY2013Q4 nyld Fair Valueof Gross Derivative Assets Liabilities Net
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nyld Less Preacquisitionnetincomeof Acquired Rof Oassets
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nyld Less Preacquisitionnetincomeof Acquired Rof Oassets
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nyld Net Incomeexcludingpreacquisitionnetincomeof Acquired Rof Oassets
NetIncomeexcludingpreacquisitionnetincomeofAcquiredROFOassets
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CY2013Q2 nyld Net Incomeexcludingpreacquisitionnetincomeof Acquired Rof Oassets
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nyld Net Incomeexcludingpreacquisitionnetincomeof Acquired Rof Oassets
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nyld Paymentto Related Partiesfor Drop Down Assets
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CY2014Q2 nyld Power Generation Capacity Megawatts
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nyld Proceeds From Renewable Energy Grants
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nyld Proceeds From Renewable Energy Grants
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CY2014Q2 nyld Property Plant And Equipment In Service
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CY2013Q4 nyld Property Plant And Equipment In Service
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CY2013Q4 nyld Working Capital
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dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001567683
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
NRG Yield, Inc.

Files In Submission

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