SUNEDISON, INC. AND SUBSIDIARIES | ||||||||||||||||
UNAUDITED SUPPLEMENTAL INFORMATION FOR THE RESULTS OF OPERATIONS | ||||||||||||||||
FOR THE THREE MONTHS ENDED DECEMBER 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 |
$ |
406 |
|
|
$ |
382 |
|
|
$ |
43 |
|
|
$ |
(19) |
|
(1) |
Cost of goods sold |
348 |
|
|
335 |
|
|
32 |
|
|
(19) |
|
(1) | ||||
Gross profit |
58 |
|
|
47 |
|
|
11 |
|
|
— |
|
| ||||
Operating expenses: |
|
|
|
|
|
|
|
| ||||||||
Marketing and administration |
174 |
|
|
139 |
|
|
35 |
|
|
— |
|
| ||||
Research and development |
8 |
|
|
8 |
|
|
— |
|
|
— |
|
| ||||
Long-lived asset impairment charges |
33 |
|
|
33 |
|
|
— |
|
|
— |
|
| ||||
Operating loss |
(157) |
|
|
(133) |
|
|
(24) |
|
|
— |
|
| ||||
Non-operating expense (income): |
|
|
|
|
|
|
|
| ||||||||
Interest expense |
134 |
|
|
103 |
|
|
31 |
|
|
— |
|
| ||||
Interest income |
(2) |
|
|
(2) |
|
|
— |
|
|
— |
|
| ||||
Other, net |
14 |
|
|
7 |
|
|
7 |
|
|
— |
|
| ||||
Total non-operating expense |
146 |
|
|
108 |
|
|
38 |
|
|
— |
|
| ||||
Loss from continuing operations before income tax benefit and equity in
|
(303) |
|
|
(241) |
|
|
(62) |
|
|
— |
|
| ||||
Income tax benefit |
(27) |
|
|
(26) |
|
|
(1) |
|
|
— |
|
| ||||
Loss from continuing operations before equity in loss of equity method
|
(276) |
|
|
(215) |
|
|
(61) |
|
|
— |
|
| ||||
Equity in loss of equity method investments, net of tax |
(1) |
|
|
(1) |
|
|
— |
|
|
— |
|
| ||||
Loss from continuing operations |
(277) |
|
|
(216) |
|
|
(61) |
|
|
— |
|
| ||||
Loss from discontinued operations, net of tax |
(11) |
|
|
— |
|
|
— |
|
|
(11) |
|
(2) | ||||
Net loss |
(288) |
|
|
(216) |
|
|
(61) |
|
|
(11) |
|
| ||||
Net loss attributable to noncontrolling interests |
46 |
|
|
5 |
|
|
41 |
|
|
— |
|
| ||||
Net loss attributable to SunEdison stockholders |
$ |
(242) |
|
|
$ |
(211) |
|
|
$ |
(20) |
|
|
$ |
(11) |
|
|
__________________________ | ||||||||||||||||
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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 $11 million in net loss from SunEdison Semiconductor Ltd. |