Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 28,909,987 $ 26,277,366
Restricted cash 15,030,844 12,372,356
Accounts receivable, net 96,645,375 109,296,773
Accounts receivable retainage 24,026,640 26,089,216
Costs and estimated earnings in excess of billings 57,044,768 69,251,022
Inventory, net 9,145,857 8,635,633
Prepaid expenses and other current assets 10,676,285 8,992,963
Income tax receivable 8,227,139 9,662,771
Deferred income taxes 6,456,671 6,456,671
Project development costs 7,183,871 6,027,689
Total current assets 263,347,437 283,062,460
Federal ESPC receivable 135,987,922 110,212,186
Property and equipment, net 8,185,920 7,086,164
Project assets, net 188,063,492 177,854,734
Deferred financing fees, net 2,743,539 2,994,692
Goodwill 47,878,130 47,881,346
Intangible assets, net 9,756,506 12,727,528
Other assets 4,712,843 3,778,357
Total Non Current Assets 397,328,352 362,535,007
Total Assets 660,675,789 645,597,467
Current liabilities:    
Current portion of long-term debt 12,268,729 11,563,983
Accounts payable 80,896,210 93,506,089
Accrued expenses and other current liabilities 11,970,730 8,917,723
Book overdraft 0 7,297,122
Billings in excess of cost and estimated earnings 35,223,966 26,982,858
Total current liabilities 140,359,635 148,267,775
Long-term debt, less current portion 207,831,163 196,401,588
Deferred income taxes 29,443,957 29,953,103
Deferred grant income 5,853,486 6,024,099
Other liabilities 28,640,685 28,529,867
Total Liabilities 271,769,291 260,908,657
Commitments and Contingencies (Note 7)      
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, no shares issued and outstanding at December 31, 2011 and June 30, 2012 0 0
Additional paid-in capital 91,192,620 86,067,852
Retained earnings 168,009,787 161,335,621
Accumulated other comprehensive loss (1,549,234) (1,868,352)
Minority interest 71,314 63,614
Less - treasury stock, at cost, 4,833,284 shares, respectively (9,182,571) (9,182,571)
Total stockholders' equity 248,546,863 236,421,035
Liabilities and Stockholders' Equity 660,675,789 645,597,467
Class A Common Stock
    
Stockholders’ equity:    
Common stock, $0.0001 par value 3,147 3,071
Class B Common Stock
    
Stockholders’ equity:    
Common stock, $0.0001 par value $ 1,800 $ 1,800