Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.4.0.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 17,102 $ 21,645
Restricted cash 11,126 16,236
Accounts receivable, net 69,113 73,372
Accounts receivable retainage, net 23,339 21,454
Costs and estimated earnings in excess of billings 58,426 88,334
Inventory, net 13,547 13,223
Prepaid expenses and other current assets 14,452 11,745
Income tax receivable 1,576 2,151
Project development costs 17,328 15,538
Total current assets 226,009 263,698
Federal ESPC receivable 104,449 125,804
Property and equipment, net 5,059 5,328
Project assets, net 247,841 244,309
Goodwill 59,092 59,085
Intangible assets, net 6,085 6,770
Other assets 21,643 18,446
Total assets 670,178 723,440
Current liabilities:    
Current portions of long-term debt and capital lease liabilities 13,571 13,427
Accounts payable 91,042 114,759
Accrued expenses and other current liabilities 21,590 21,983
Billings in excess of cost and estimated earnings 25,880 28,744
Income taxes payable 834 810
Total current liabilities 152,917 179,723
Long-term debt and capital lease liabilities, less current portions and net of deferred financing fees 91,180 100,490
Federal ESPC liabilities 99,259 122,040
Deferred income taxes 1,962 4,010
Deferred grant income 8,153 8,291
Other liabilities $ 21,090 $ 18,854
Commitments and contingencies
Redeemable non-controlling interest $ 6,722 $ 490
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, no shares issued and outstanding at March 31, 2016 and December 31, 2015 0 0
Additional paid-in capital 111,004 110,311
Retained earnings 185,508 184,454
Accumulated other comprehensive loss, net (7,622) (5,228)
Total equity 288,895 289,542
Total liabilities, redeemable non-controlling interest and equity 670,178 723,440
Common Class A    
Stockholders’ equity:    
Common Stock 3 3
Common Class B    
Stockholders’ equity:    
Common Stock $ 2 $ 2