Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.3.1.900
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 21,645 $ 23,762
Restricted cash 16,236 7,318
Accounts receivable, net 73,372 71,661
Accounts receivable retainage, net 21,454 15,968
Costs and estimated earnings in excess of billings 88,334 66,325
Inventory, net 13,223 8,896
Prepaid expenses and other current assets 11,745 8,666
Income tax receivable 2,151 3,525
Project development costs 15,538 9,674
Total current assets 263,698 215,795
Federal ESPC receivable 125,804 79,167
Property and equipment, net 5,328 7,372
Project assets, net 244,309 217,772
Deferred financing fees, net 5,303 4,313
Goodwill 59,085 60,479
Intangible assets, net 6,770 11,238
Other assets 18,446 25,727
Total assets 728,743 621,863
Current liabilities:    
Current portions of long-term debt and capital lease liabilities 13,427 12,255
Accounts payable 114,759 87,787
Accrued expenses and other current liabilities 21,983 23,789
Billings in excess of cost and estimated earnings 28,744 18,291
Income taxes payable 810 812
Total current liabilities 179,723 142,934
Long-term debt and capital lease liabilities, less current portions 105,793 90,037
Federal ESPC liabilities 122,040 70,875
Deferred income taxes 4,010 2,569
Deferred grant income 8,291 8,842
Other liabilities $ 18,854 $ 20,300
Commitments and contingencies
Redeemable non-controlling interest $ 490 $ 0
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, no shares issued and outstanding at December 31, 2015 and 2014 0 0
Additional paid-in capital 110,311 107,445
Retained earnings 184,454 181,477
Accumulated other comprehensive loss, net (5,228) (2,620)
Total stockholder’s equity 289,542 286,306
Non-controlling interest 0 (1)
Total equity 289,542 286,307
Total liabilities, redeemable non-controlling interest and equity 728,743 621,863
Class A Common Stock    
Stockholders’ equity:    
Common stock 3 3
Class B Common Stock    
Stockholders’ equity:    
Common stock $ 2 $ 2