2015 Q3 Form 10-Q Financial Statement

#000160314515000119 Filed on November 06, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2014 Q3
Revenue $115.0M $97.00M
YoY Change 18.56% 162.16%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $29.00M $20.00M
YoY Change 45.0% 150.0%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $51.00M $24.00M
YoY Change 112.5% 140.0%
% of Gross Profit
Operating Expenses $67.00M $45.00M
YoY Change 48.89% 136.84%
Operating Profit $48.00M $53.00M
YoY Change -9.43% 488.89%
Interest Expense $31.00M $28.00M
YoY Change 10.71% 180.0%
% of Operating Profit 64.58% 52.83%
Other Income/Expense, Net -$30.00M -$28.00M
YoY Change 7.14% 180.0%
Pretax Income $18.00M $24.00M
YoY Change -25.0% -2500.0%
Income Tax $5.000M $1.000M
% Of Pretax Income 27.78% 4.17%
Net Earnings $1.000M $3.000M
YoY Change -66.67% -200.0%
Net Earnings / Revenue 0.87% 3.09%
Basic Earnings Per Share
Diluted Earnings Per Share $44.25K $160.4K
COMMON SHARES
Basic Shares Outstanding 29.67M shares 18.69M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $696.0M $118.0M
YoY Change 489.83%
Cash & Equivalents $717.0M $121.0M
Short-Term Investments
Other Short-Term Assets $13.00M $11.00M
YoY Change 18.18%
Inventory $6.000M
Prepaid Expenses $4.000M $3.000M
Receivables $48.00M $60.00M
Other Receivables $34.00M $182.0M
Total Short-Term Assets $811.0M $374.0M
YoY Change 116.84%
LONG-TERM ASSETS
Property, Plant & Equipment $3.145B $2.209B
YoY Change 42.37%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $18.00M
YoY Change
Other Assets $90.00M $70.00M
YoY Change 28.57%
Total Long-Term Assets $3.406B $2.401B
YoY Change 41.86%
TOTAL ASSETS
Total Short-Term Assets $811.0M $374.0M
Total Long-Term Assets $3.406B $2.401B
Total Assets $4.217B $2.775B
YoY Change 51.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $17.00M $25.00M
YoY Change -32.0%
Accrued Expenses $13.00M $14.00M
YoY Change -7.14%
Deferred Revenue
YoY Change
Short-Term Debt $12.00M $0.00
YoY Change
Long-Term Debt Due $86.00M $76.00M
YoY Change 13.16%
Total Short-Term Liabilities $169.0M $166.0M
YoY Change 1.81%
LONG-TERM LIABILITIES
Long-Term Debt $1.824B $1.781B
YoY Change 2.41%
Other Long-Term Liabilities $25.00M $17.00M
YoY Change 47.06%
Total Long-Term Liabilities $2.367B $1.863B
YoY Change 27.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $169.0M $166.0M
Total Long-Term Liabilities $2.367B $1.863B
Total Liabilities $2.536B $2.029B
YoY Change 24.99%
SHAREHOLDERS EQUITY
Retained Earnings $0.00
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $890.0M $561.0M
YoY Change
Total Liabilities & Shareholders Equity $4.217B $2.775B
YoY Change 51.96%

Cashflow Statement

Concept 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $1.000M $3.000M
YoY Change -66.67% -200.0%
Depreciation, Depletion And Amortization $51.00M $24.00M
YoY Change 112.5% 140.0%
Cash From Operating Activities $100.0M $40.00M
YoY Change 150.0% 158.06%
INVESTING ACTIVITIES
Capital Expenditures -$75.00M -$86.00M
YoY Change -12.79% -49.94%
Acquisitions
YoY Change
Other Investing Activities $12.00M -$94.00M
YoY Change -112.77% -350.0%
Cash From Investing Activities -$63.00M -$180.0M
YoY Change -65.0% 34.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 577.0M 152.0M
YoY Change 279.61% 23.58%
NET CHANGE
Cash From Operating Activities 100.0M 40.00M
Cash From Investing Activities -63.00M -180.0M
Cash From Financing Activities 577.0M 152.0M
Net Change In Cash 614.0M 12.00M
YoY Change 5016.67% 179.07%
FREE CASH FLOW
Cash From Operating Activities $100.0M $40.00M
Capital Expenditures -$75.00M -$86.00M
Free Cash Flow $175.0M $126.0M
YoY Change 38.89% -32.73%

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LimitedPartnersCapitalAccount
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LimitedPartnersCapitalAccountUnitsIssued
18700000.0 shares
CY2015Q3 us-gaap Limited Partners Capital Account Units Issued
LimitedPartnersCapitalAccountUnitsIssued
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CY2014Q4 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
18700000.0 shares
CY2015Q3 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
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CY2014Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
86000000 USD
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LongTermDebtCurrent
86000000 USD
CY2014Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1847000000 USD
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LongTermDebtNoncurrent
1824000000 USD
CY2013Q4 us-gaap Minority Interest
MinorityInterest
0 USD
CY2014Q3 us-gaap Minority Interest
MinorityInterest
1038000000 USD
CY2014Q4 us-gaap Minority Interest
MinorityInterest
732000000 USD
CY2015Q3 us-gaap Minority Interest
MinorityInterest
791000000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
0 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
47000000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
272000000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
1031000000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-315000000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-553000000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
134000000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
117000000 USD
CY2014Q3 us-gaap Net Income Loss
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3000000 USD
CY2015Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss
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NetIncomeLossAttributableToNoncontrollingInterest
20000000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
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NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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40000000 USD
CY2014Q3 us-gaap Nonoperating Income Expense
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us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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CY2015Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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CY2014Q3 us-gaap Operating Expenses
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us-gaap Operating Expenses
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127000000 USD
CY2015Q3 us-gaap Operating Expenses
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us-gaap Operating Expenses
OperatingExpenses
166000000 USD
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
52000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
140000000 USD
CY2015Q3 us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due
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CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
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CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
6000000 USD
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
6000000 USD
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
6000000 USD
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
176000000 USD
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
2000000 USD
CY2014Q4 us-gaap Other Assets Current
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10000000 USD
CY2015Q3 us-gaap Other Assets Current
OtherAssetsCurrent
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CY2014Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
90000000 USD
CY2015Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
90000000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
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us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-25000000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
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us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
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CY2014Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-7000000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-10000000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-8000000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2014Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
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us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
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CY2015Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-1000000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-2000000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-8000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-22000000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-23000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
15000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-14000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-21000000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-1000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-3000000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-1000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-4000000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-1000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-1000000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-1000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-1000000 USD
CY2014Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-2000000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-15000000 USD
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-11000000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-9000000 USD
CY2014Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-1000000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-1000000 USD
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-1000000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-1000000 USD
CY2014Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
21000000 USD
CY2015Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
27000000 USD
CY2014Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
25000000 USD
CY2015Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
25000000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-4000000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
0 USD
CY2014Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 USD
CY2015Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-4000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-4000000 USD
CY2015Q2 us-gaap Partners Capital Account Private Placement Of Units
PartnersCapitalAccountPrivatePlacementOfUnits
109000000 USD
us-gaap Partners Capital Account Private Placement Of Units
PartnersCapitalAccountPrivatePlacementOfUnits
0 USD
us-gaap Partners Capital Account Private Placement Of Units
PartnersCapitalAccountPrivatePlacementOfUnits
702000000 USD
CY2015Q3 us-gaap Partners Capital Account Public Sale Of Units
PartnersCapitalAccountPublicSaleOfUnits
218000000 USD
CY2015Q2 us-gaap Partners Capital Account Units Sold In Private Placement
PartnersCapitalAccountUnitsSoldInPrivatePlacement
2594948 shares
CY2015Q3 us-gaap Partners Capital Account Units Sold In Public Offering
PartnersCapitalAccountUnitsSoldInPublicOffering
8375907 shares
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
253000000 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
65000000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1000000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
4000000 USD
us-gaap Payments To Acquire Projects
PaymentsToAcquireProjects
288000000 USD
us-gaap Payments To Acquire Projects
PaymentsToAcquireProjects
716000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
183000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
85000000 USD
CY2014Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
4000000 USD
CY2015Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
4000000 USD
us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
0 USD
us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
702000000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
438000000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
319000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
234000000 USD
us-gaap Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
448000000 USD
us-gaap Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
40000000 USD
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-146000000 USD
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
182000000 USD
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
0 USD
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
325000000 USD
CY2014Q3 us-gaap Profit Loss
ProfitLoss
23000000 USD
us-gaap Profit Loss
ProfitLoss
52000000 USD
CY2015Q3 us-gaap Profit Loss
ProfitLoss
14000000 USD
us-gaap Profit Loss
ProfitLoss
46000000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3276000000 USD
CY2015Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3145000000 USD
CY2014Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-1000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-3000000 USD
CY2015Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-1000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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-4000000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
375000000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
190000000 USD
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
0 USD
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
20000000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
0 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
313000000 USD
CY2014Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
82000000 USD
CY2015Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
16000000 USD
CY2014Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
3000000 USD
CY2015Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
3000000 USD
CY2014Q3 us-gaap Sales Revenue Net
SalesRevenueNet
97000000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
267000000 USD
CY2015Q3 us-gaap Sales Revenue Net
SalesRevenueNet
103000000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
297000000 USD
CY2014Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
0 USD
CY2015Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
12000000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1280000000 USD
CY2015Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1681000000 USD
CY2014Q3 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
24000000 USD
us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
67000000 USD
CY2015Q3 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
31000000 USD
us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
90000000 USD
CY2014Q3 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
18000000 USD
us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
53000000 USD
CY2015Q3 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
22000000 USD
us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
64000000 USD
CY2014Q3 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
2000000 USD
us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
5000000 USD
CY2015Q3 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
3000000 USD
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
18700000 shares
CY2015Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
22600000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
20500000 shares
us-gaap Derivatives Methods Of Accounting Hedge Effectiveness
DerivativesMethodsOfAccountingHedgeEffectiveness
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">In order to apply hedge accounting, the transactions must be designated as hedges and must be highly effective in offsetting the hedged risk. For interest rate swaps, generally NEP assesses a hedging instrument&#8217;s effectiveness by using non-statistical methods including dollar value comparisons of the change in the fair value of the derivative to the change in the fair value or cash flows of the hedged item. Hedge effectiveness is tested at the inception of the hedge and on at least a quarterly basis throughout the hedge&#8217;s life. The effective portion of changes in the fair value of derivatives accounted for as cash flow hedges are deferred and recorded as a component of accumulated other comprehensive income (loss) (AOCI). The amounts deferred in AOCI are recognized in earnings in the period(s) during which the transaction being hedged affects earnings. Any amounts excluded from the assessment of hedge effectiveness, as well as the ineffective portion of the gain or loss, is reported in current earnings.</font></div></div>

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