SUNEDISON, INC. AND SUBSIDIARIES | ||||||||||||||||
UNAUDITED SUPPLEMENTAL INFORMATION FOR THE RESULTS OF OPERATIONS | ||||||||||||||||
FOR THE THREE MONTHS ENDED MARCH 31, 2014 | ||||||||||||||||
(In millions) | ||||||||||||||||
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Supplemental Consolidating Data |
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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)
|
(585) |
|
|
(579) |
|
|
(6) |
|
|
— |
|
| ||||
Income tax expense (benefit) |
17 |
|
|
19 |
|
|
(2) |
|
|
— |
|
| ||||
Loss from continuing operations before equity in earnings of equity
|
(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) |
|
|
__________________________ | ||||||||||||||||
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(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. |