Note 17. Reportable Segments (Tables)

3 Months Ended

Mar. 31, 2015

The following table shows information by operating segment for the three month periods ended March 31, 2015 and 2014.



	Three Months Ended March 31,
	2015			2014
In millions
Net sales:
Renewable Energy Development	$	262		$	346
TerraForm Power	71			8
Intersegment elimination⁽¹⁾	(10		)	(14		)
Consolidated net sales	$	323		$	340
Operating (loss) income:
Renewable Energy Development	$	(205	)	$	(64	)
TerraForm Power	(12		)	2
Consolidated operating (loss) income	$	(217	)	$	(62	)
Interest expense:
Renewable Energy Development	$	119		$	60
TerraForm Power	37			7
Consolidated interest expense	$	156		$	67
Depreciation and amortization:
Renewable Energy Development	$	35		$	30
TerraForm Power	39			4
Consolidated depreciation and amortization⁽²⁾	$	74		$	34
Capital expenditures:
Renewable Energy Development⁽³⁾	$	391		$	327
TerraForm Power	1			—
Consolidated capital expenditures⁽⁴⁾	$	392		$	327

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(1)	Intersegment sales eliminations relate to operations and maintenance services provided by the Renewable Energy Development segment to the TerraForm Power segment and the sale of polysilicon from the Renewable Energy Development segment to SSL prior to the Semiconductor Materials segment meeting the definition of a discontinued operation.


(2)	Consolidated depreciation and amortization per the unaudited condensed consolidated statements of cash flows for the three months ended March 31, 2015 and 2014 includes $10 million and $28 million respectively, of depreciation and amortization related to discontinued operations.


(3)	Consists primarily of construction of renewable energy systems of $344 million and $326 million for the three month periods ended March 31, 2015 and 2014, respectively.


(4)	Consolidated capital expenditures per the unaudited condensed consolidated statements of cash flows for the three months ended March 31, 2015 and 2014 includes $14 million and $19 million, respectively, of capital expenditures related to discontinued operations.

Transfer of Capitalized assets [Table Text Block]

Transfers of Capital Expenditures

A reconciliation of the capital expenditures reported above on a segment basis to the capital expenditures reported by TerraForm on a standalone basis in accordance with rules applicable to transactions between entities under common control is as follows:



	Renewable Energy Development			TerraForm Power
In millions
Capital expenditures for the three month period ended March 31, 2015 as reported on a segment basis	$	391		$	1
Capital expenditures transferred from Renewable Energy Development to TerraForm	(82		)	82
Capital expenditures for the three month period ended March 31, 2015 as reported by TerraForm	$	309		$	83

Capital expenditures for the three month period ended March 31, 2014 as reported on a segment basis	$	327		$	—
Capital expenditures transferred from Renewable Energy Development to TerraForm	(103		)	103
Capital expenditures for the three month period ended March 31, 2014 as reported by TerraForm	$	224		$	103

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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