SunEdison Reports First Quarter Results

 

 

SUNEDISON, INC. AND SUBSIDIARIES

UNAUDITED SUPPLEMENTAL INFORMATION FOR THE RESULTS OF OPERATIONS

FOR THE THREE MONTHS ENDED MARCH 31, 2014

(In millions)





Supplemental Consolidating Data



Consolidated


Renewable Energy Development


TerraForm Power


Consolidating Adjustments


Net sales

$

340



$

346



$

8



$

(14)


(1)

Cost of goods sold

302



312



4



(14)


(1)

Gross profit

38



34



4





Operating expenses:









Marketing and administration

88



86



2





Research and development

5



5







Restructuring charges

7



7







Operating loss

(62)



(64)



2





Non-operating expense (income):









Interest expense

67



60



7





Interest income

(3)



(3)







Loss on convertible notes derivatives, net

452



452







Other, net

7



6



1





Total non-operating expense

523



515



8





Loss from continuing operations before income tax expense (benefit)
      and equity in earnings of equity method investments

(585)



(579)



(6)





Income tax expense (benefit)

17



19



(2)





Loss from continuing operations before equity in earnings of equity 
     method investments

(602)



(598)



(4)





Equity in earnings of equity method investments, net of tax

1



1







Loss from continuing operations

(601)



(597)



(4)





Loss from discontinued operations, net of tax

(15)







(15)


(2)

Net loss

(616)



(597)



(4)



(15)



Net loss attributable to noncontrolling interests

2



2







Net loss attributable to SunEdison stockholders

$

(614)



$

(595)



$

(4)



$

(15)



__________________________


(1)           Adjustment represents the elimination of net sales, cost of goods sold and intercompany profit in inventory related to intercompany sales

               transactions.

(2)           Adjustment represents $15 million in net loss from SunEdison Semiconductor Ltd.


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