2015 Q4 Form 10-K Financial Statement

#000160314516000139 Filed on February 19, 2016

View on sec.gov

Income Statement

Concept 2015 Q4 2014 Q4 2014 Q3
Revenue $146.0M $89.00M $97.00M
YoY Change 64.04% 56.14% 162.16%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $44.00M $26.00M $20.00M
YoY Change 69.23% -7.14% 150.0%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $52.00M $32.00M $24.00M
YoY Change 62.5% 14.29% 140.0%
% of Gross Profit
Operating Expenses $96.00M $56.00M $45.00M
YoY Change 71.43% 0.0% 136.84%
Operating Profit $62.00M $36.00M $53.00M
YoY Change 72.22% 44.0% 488.89%
Interest Expense $3.000M -$19.00M $28.00M
YoY Change -115.79% 0.0% 180.0%
% of Operating Profit 4.84% -52.78% 52.83%
Other Income/Expense, Net $1.000M $0.00 -$28.00M
YoY Change 180.0%
Pretax Income $61.00M $17.00M $24.00M
YoY Change 258.82% 70.0% -2500.0%
Income Tax $21.00M -$28.00M $1.000M
% Of Pretax Income 34.43% -164.71% 4.17%
Net Earnings $5.000M $0.00 $3.000M
YoY Change -100.0% -200.0%
Net Earnings / Revenue 3.42% 0.0% 3.09%
Basic Earnings Per Share
Diluted Earnings Per Share $134.7K $0.00 $160.4K
COMMON SHARES
Basic Shares Outstanding 18.69M shares 18.69M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q4 2014 Q4 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $164.0M $106.0M $118.0M
YoY Change 54.72% 292.59%
Cash & Equivalents $165.0M $111.0M $121.0M
Short-Term Investments
Other Short-Term Assets $24.00M $34.00M $11.00M
YoY Change -29.41% 325.0%
Inventory $13.00M $10.00M $6.000M
Prepaid Expenses $6.000M $4.000M $3.000M
Receivables $80.00M $41.00M $60.00M
Other Receivables $70.00M $219.0M $182.0M
Total Short-Term Assets $354.0M $486.0M $374.0M
YoY Change -27.16% 93.63%
LONG-TERM ASSETS
Property, Plant & Equipment $5.122B $3.629B $2.209B
YoY Change 41.14% 72.32%
Goodwill $622.0M $0.00
YoY Change
Intangibles
YoY Change
Long-Term Investments $146.0M $19.00M
YoY Change 668.42% 171.43%
Other Assets $61.00M $49.00M $70.00M
YoY Change 24.49% -38.75%
Total Long-Term Assets $6.873B $3.851B $2.401B
YoY Change 78.47% 38.23%
TOTAL ASSETS
Total Short-Term Assets $354.0M $486.0M $374.0M
Total Long-Term Assets $6.873B $3.851B $2.401B
Total Assets $7.227B $4.337B $2.775B
YoY Change 66.64% 42.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $303.0M $152.0M $25.00M
YoY Change 99.34% 253.49%
Accrued Expenses $28.00M $23.00M $14.00M
YoY Change 21.74% 43.75%
Deferred Revenue
YoY Change
Short-Term Debt $12.00M $0.00 $0.00
YoY Change
Long-Term Debt Due $101.0M $86.00M $76.00M
YoY Change 17.44% -77.25%
Total Short-Term Liabilities $512.0M $322.0M $166.0M
YoY Change 59.01% -31.92%
LONG-TERM LIABILITIES
Long-Term Debt $3.334B $1.807B $1.781B
YoY Change 84.5% 18.34%
Other Long-Term Liabilities $82.00M $26.00M $17.00M
YoY Change 215.38% 73.33%
Total Long-Term Liabilities $4.823B $2.382B $1.863B
YoY Change 102.48% 49.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $512.0M $322.0M $166.0M
Total Long-Term Liabilities $4.823B $2.382B $1.863B
Total Liabilities $5.335B $2.704B $2.029B
YoY Change 97.3% 30.94%
SHAREHOLDERS EQUITY
Retained Earnings $0.00 $0.00
YoY Change -100.0%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $929.0M $548.0M $561.0M
YoY Change
Total Liabilities & Shareholders Equity $7.227B $4.337B $2.775B
YoY Change 66.64% 42.81%

Cashflow Statement

Concept 2015 Q4 2014 Q4 2014 Q3
OPERATING ACTIVITIES
Net Income $5.000M $0.00 $3.000M
YoY Change -100.0% -200.0%
Depreciation, Depletion And Amortization $52.00M $32.00M $24.00M
YoY Change 62.5% 14.29% 140.0%
Cash From Operating Activities $107.0M $48.00M $40.00M
YoY Change 122.92% 9.09% 158.06%
INVESTING ACTIVITIES
Capital Expenditures -$52.00M -$531.0M -$86.00M
YoY Change -90.21% 378.38% -49.94%
Acquisitions
YoY Change
Other Investing Activities -$1.227B -$85.00M -$94.00M
YoY Change 1343.53% -1800.0% -350.0%
Cash From Investing Activities -$1.279B -$616.0M -$180.0M
YoY Change 107.63% 481.13% 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 560.0M 558.0M 152.0M
YoY Change 0.36% 654.05% 23.58%
NET CHANGE
Cash From Operating Activities 107.0M 48.00M 40.00M
Cash From Investing Activities -1.279B -616.0M -180.0M
Cash From Financing Activities 560.0M 558.0M 152.0M
Net Change In Cash -612.0M -10.00M 12.00M
YoY Change 6020.0% -183.33% 179.07%
FREE CASH FLOW
Cash From Operating Activities $107.0M $48.00M $40.00M
Capital Expenditures -$52.00M -$531.0M -$86.00M
Free Cash Flow $159.0M $579.0M $126.0M
YoY Change -72.54% 273.55% -32.73%

Facts In Submission

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CY2015 us-gaap Effective Income Tax Rate Continuing Operations
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CY2015 us-gaap Gain Loss Related To Litigation Settlement
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CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2014 us-gaap Income Tax Reconciliation Tax Credits
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CY2015 us-gaap Income Tax Reconciliation Tax Credits
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us-gaap Minority Interest Decrease From Redemptions
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CY2013 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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CY2013 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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102000000 USD
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184000000 USD
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240000000 USD
CY2013 us-gaap Net Income Loss
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us-gaap Net Income Loss
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30000000 USD
CY2014Q3 us-gaap Net Income Loss
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CY2014Q4 us-gaap Net Income Loss
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CY2014 us-gaap Net Income Loss
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CY2015Q1 us-gaap Net Income Loss
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CY2015Q2 us-gaap Net Income Loss
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CY2015Q3 us-gaap Net Income Loss
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CY2015Q4 us-gaap Net Income Loss
NetIncomeLoss
5000000 USD
CY2015 us-gaap Net Income Loss
NetIncomeLoss
10000000 USD
CY2014 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
26000000 USD
CY2015 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
70000000 USD
CY2015 us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
69000000 USD
CY2015 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
702000000 USD
CY2013 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-44000000 USD
CY2014 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-101000000 USD
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
53000000 USD
CY2014 us-gaap Operating Expenses
OperatingExpenses
179000000 USD
CY2015 us-gaap Operating Expenses
OperatingExpenses
256000000 USD
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
72000000 USD
CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
34000000 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
54000000 USD
CY2014Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
36000000 USD
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
177000000 USD
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
43000000 USD
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
58000000 USD
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
48000000 USD
CY2015Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
64000000 USD
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
215000000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
252000000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
8000000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
8000000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
8000000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
8000000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
212000000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
8000000 USD
CY2013 us-gaap Operating Leases Income Statement Contingent Revenue
OperatingLeasesIncomeStatementContingentRevenue
126000000 USD
CY2014 us-gaap Operating Leases Income Statement Contingent Revenue
OperatingLeasesIncomeStatementContingentRevenue
257000000 USD
CY2015 us-gaap Operating Leases Income Statement Contingent Revenue
OperatingLeasesIncomeStatementContingentRevenue
382000000 USD
CY2015Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
78000000 USD
CY2014Q4 us-gaap Other Assets Current
OtherAssetsCurrent
34000000 USD
CY2015Q4 us-gaap Other Assets Current
OtherAssetsCurrent
17000000 USD
CY2014Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
49000000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
49000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-22000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-59000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-54000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-33000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-35000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-42000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-1000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-2000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-38000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-18000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-16000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-54000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-49000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-4000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-5000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-5000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
1000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
1000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
1000000 USD
CY2013 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
11000000 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-24000000 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-12000000 USD
CY2013 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-3000000 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
2000000 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
3000000 USD
CY2014Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
15000000 USD
CY2015Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
27000000 USD
CY2014Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
26000000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
81000000 USD
CY2013 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
3000000 USD
CY2014 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-3000000 USD
CY2015 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2000000 USD
CY2013 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 USD
CY2014 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 USD
CY2015 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-10000000 USD
CY2012Q4 us-gaap Partners Capital
PartnersCapital
996000000 USD
CY2013Q4 us-gaap Partners Capital
PartnersCapital
1095000000 USD
CY2014Q2 us-gaap Partners Capital
PartnersCapital
971000000 USD
us-gaap Partners Capital Account Contributions
PartnersCapitalAccountContributions
145000000 USD
CY2013 us-gaap Partners Capital Account Contributions
PartnersCapitalAccountContributions
615000000 USD
us-gaap Partners Capital Account Contributions
PartnersCapitalAccountContributions
605000000 USD
CY2015 us-gaap Partners Capital Account Contributions
PartnersCapitalAccountContributions
54000000 USD
CY2013 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
518000000 USD
us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
743000000 USD
CY2015Q2 us-gaap Partners Capital Account Private Placement Of Units
PartnersCapitalAccountPrivatePlacementOfUnits
109000000 USD
us-gaap Partners Capital Account Public Sale Of Units
PartnersCapitalAccountPublicSaleOfUnits
438000000 USD
CY2015Q3 us-gaap Partners Capital Account Public Sale Of Units
PartnersCapitalAccountPublicSaleOfUnits
218000000 USD
CY2014Q3 us-gaap Partners Capital Account Public Sale Of Units Net Of Offering Costs
PartnersCapitalAccountPublicSaleOfUnitsNetOfOfferingCosts
438000000 USD
CY2015Q2 us-gaap Partners Capital Account Units Sold In Private Placement
PartnersCapitalAccountUnitsSoldInPrivatePlacement
2594948 shares
CY2014Q3 us-gaap Partners Capital Account Units Sold In Public Offering
PartnersCapitalAccountUnitsSoldInPublicOffering
18687500 shares
CY2015Q3 us-gaap Partners Capital Account Units Sold In Public Offering
PartnersCapitalAccountUnitsSoldInPublicOffering
8375907 shares
CY2014Q4 us-gaap Partners Capital Attributable To Noncontrolling Interest
PartnersCapitalAttributableToNoncontrollingInterest
1085000000 USD
CY2015Q4 us-gaap Partners Capital Attributable To Noncontrolling Interest
PartnersCapitalAttributableToNoncontrollingInterest
633000000 USD
CY2014Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
1633000000 USD
CY2015Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
1562000000 USD
CY2013 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
144000000 USD
CY2014 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
705000000 USD
CY2015 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
491000000 USD
CY2013 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1000000 USD
CY2014 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1000000 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
485000000 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
125000000 USD
CY2013 us-gaap Payments To Acquire Additional Interest In Subsidiaries
PaymentsToAcquireAdditionalInterestInSubsidiaries
0 USD
CY2014 us-gaap Payments To Acquire Additional Interest In Subsidiaries
PaymentsToAcquireAdditionalInterestInSubsidiaries
288000000 USD
CY2015 us-gaap Payments To Acquire Additional Interest In Subsidiaries
PaymentsToAcquireAdditionalInterestInSubsidiaries
1882000000 USD
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
647000000 USD
CY2014Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
4000000 USD
CY2015Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
6000000 USD
CY2013 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
5000000 USD
CY2014 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
1000000 USD
CY2015 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0 USD
CY2013 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 USD
CY2014 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
438000000 USD
CY2015 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
343000000 USD
CY2013 us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
0 USD
CY2014 us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
0 USD
CY2015 us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
702000000 USD
CY2013 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
135000000 USD
CY2014 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
15000000 USD
CY2015 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1369000000 USD
CY2013 us-gaap Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
342000000 USD
CY2014 us-gaap Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
796000000 USD
CY2015 us-gaap Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
106000000 USD
CY2013 us-gaap Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
0 USD
CY2014 us-gaap Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
-174000000 USD
CY2015 us-gaap Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
152000000 USD
CY2013 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
0 USD
CY2014 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
0 USD
CY2015 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-20000000 USD
CY2013 us-gaap Proceeds From Sale Of Interest In Partnership Unit
ProceedsFromSaleOfInterestInPartnershipUnit
0 USD
CY2014 us-gaap Proceeds From Sale Of Interest In Partnership Unit
ProceedsFromSaleOfInterestInPartnershipUnit
428000000 USD
CY2015 us-gaap Proceeds From Sale Of Interest In Partnership Unit
ProceedsFromSaleOfInterestInPartnershipUnit
5000000 USD
CY2013 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
0 USD
CY2014 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
0 USD
CY2015 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
325000000 USD
us-gaap Profit Loss
ProfitLoss
27000000 USD
CY2013 us-gaap Profit Loss
ProfitLoss
20000000 USD
CY2014Q1 us-gaap Profit Loss
ProfitLoss
7000000 USD
CY2014Q2 us-gaap Profit Loss
ProfitLoss
23000000 USD
CY2014Q3 us-gaap Profit Loss
ProfitLoss
26000000 USD
CY2014Q4 us-gaap Profit Loss
ProfitLoss
1000000 USD
CY2014 us-gaap Profit Loss
ProfitLoss
57000000 USD
CY2015Q1 us-gaap Profit Loss
ProfitLoss
14000000 USD
CY2015Q2 us-gaap Profit Loss
ProfitLoss
26000000 USD
CY2015Q3 us-gaap Profit Loss
ProfitLoss
12000000 USD
CY2014Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3989000000 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4679000000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3629000000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4197000000 USD
CY2013 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-4000000 USD
CY2014 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-5000000 USD
CY2015 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-5000000 USD
CY2013 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
29000000 USD
CY2014 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
377000000 USD
CY2015 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
395000000 USD
CY2013 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
0 USD
CY2014 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
0 USD
CY2015 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
313000000 USD
CY2014Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
82000000 USD
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
16000000 USD
CY2014Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
3000000 USD
CY2015Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
3000000 USD
CY2013 us-gaap Sales Revenue Net
SalesRevenueNet
179000000 USD
CY2014Q1 us-gaap Sales Revenue Net
SalesRevenueNet
71000000 USD
CY2014Q2 us-gaap Sales Revenue Net
SalesRevenueNet
99000000 USD
CY2014Q3 us-gaap Sales Revenue Net
SalesRevenueNet
97000000 USD
CY2014Q4 us-gaap Sales Revenue Net
SalesRevenueNet
89000000 USD
CY2014 us-gaap Sales Revenue Net
SalesRevenueNet
356000000 USD
CY2015Q1 us-gaap Sales Revenue Net
SalesRevenueNet
102000000 USD
CY2015Q2 us-gaap Sales Revenue Net
SalesRevenueNet
119000000 USD
CY2015Q3 us-gaap Sales Revenue Net
SalesRevenueNet
109000000 USD
CY2015Q4 us-gaap Sales Revenue Net
SalesRevenueNet
141000000 USD
CY2015 us-gaap Sales Revenue Net
SalesRevenueNet
471000000 USD
CY2014Q3 us-gaap Share Price
SharePrice
25
CY2014Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
0 USD
CY2015Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
12000000 USD
CY2013 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
1000000 USD
CY2014 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
1000000 USD
CY2015 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
8000000 USD
CY2015 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
343000000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1633000000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1562000000 USD
CY2015Q4 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
2000000 USD
CY2013 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
0 USD
CY2014 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
0 USD
CY2015 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
10000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
4000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
3000000 USD
CY2015 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
141000000 USD
CY2013 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
42000000 USD
CY2013 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
54000000 USD
CY2014 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
67000000 USD
CY2015 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
83000000 USD
CY2013 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
6000000 USD
CY2014 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
5000000 USD
CY2015 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
16000000 USD
CY2014Q4 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
26000000 USD
CY2015Q4 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
1000000 USD
CY2014 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
18700000 shares
CY2015 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
22800000 shares
CY2015 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<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;color:#231f20;font-style:italic;">Concentration of Credit Risk </font><font style="font-family:Arial;font-size:9pt;color:#231f20;">- Financial instruments which potentially subject NEP to concentrations of credit risk consist primarily of accounts receivable and derivative instruments. Accounts receivable are comprised primarily of amounts due from various non-affiliated parties who are counterparties to the PPAs or natural gas transportation agreements. NEP has a limited number of counterparties, all of which are in the energy industry, and this concentration may impact the overall exposure to credit risk, either positively or negatively, in that the counterparties may be similarly affected by changes in economic, industry or other conditions. If any of these customers&#8217; receivable balances should be deemed uncollectible, it could have a material adverse effect on NEP&#8217;s consolidated results of operations and financial condition. However, management does not believe significant credit risk exists at </font><font style="font-family:Arial;font-size:9pt;">December&#160;31, 2015</font><font style="font-family:Arial;font-size:9pt;color:#231f20;">, because of the creditworthiness of the counterparties. All amounts due from such counterparties at </font><font style="font-family:Arial;font-size:9pt;">December&#160;31, 2015</font><font style="font-family:Arial;font-size:9pt;"> and </font><font style="font-family:Arial;font-size:9pt;color:#231f20;">2014</font><font style="font-family:Arial;font-size:9pt;color:#231f20;"> have been collected.</font></div><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">During </font><font style="font-family:Arial;font-size:9pt;color:#231f20;">2015</font><font style="font-family:Arial;font-size:9pt;">, NEP derived approximately </font><font style="font-family:Arial;font-size:9pt;">28%</font><font style="font-family:Arial;font-size:9pt;"> and </font><font style="font-family:Arial;font-size:9pt;">23%</font><font style="font-family:Arial;font-size:9pt;"> of its consolidated revenue from its contracts with Pacific Gas &amp; Electric Co. and the Independent Electricity System Operator, respectively.</font></div></div>
CY2015 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;color:#231f20;font-style:italic;">Derivative Instruments and Hedging Activities </font><font style="font-family:Arial;font-size:9pt;color:#231f20;">- Derivative instruments, when required to be marked to market, are recorded on NEP&#8217;s consolidated balance sheets as either an asset or liability measured at fair value. For interest rate swaps designated as cash flow hedges, 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. See Note 6.</font></div></div><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 designated as cash flow hedges, 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 AOCI. The amounts deferred in AOCI are recognized in earnings when the hedged transactions occur. 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>
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<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;color:#231f20;font-style:italic;">Use of Significant Estimates </font><font style="font-family:Arial;font-size:9pt;color:#231f20;">- The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></div><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#231f20;">In recording transactions and balances resulting from business operations, NEP uses estimates based on the best information available. Estimates are used for such items as plant depreciable lives, tax provisions and allowances, asset retirement obligations, fair value measurements, purchase price allocations, environmental liabilities and legal costs incurred in connection with recorded loss contingencies, among others. As new information becomes available or actual amounts are determinable, the recorded estimates are revised. Consequently, operating results can be affected by revisions to prior accounting estimates.</font></div></div>

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