Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.5.0.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 15,277 $ 21,645
Restricted cash 12,382 16,236
Accounts receivable, net 80,445 73,372
Accounts receivable retainage, net 21,959 21,454
Costs and estimated earnings in excess of billings 69,797 88,334
Inventory, net 14,406 13,223
Prepaid expenses and other current assets 12,023 11,745
Income tax receivable 0 2,151
Project development costs 17,149 15,538
Total current assets 243,438 263,698
Federal ESPC receivable 131,738 125,804
Property and equipment, net 5,921 5,328
Project assets, net 256,638 244,309
Goodwill 58,615 59,085
Intangible assets, net 5,282 6,770
Other assets 22,791 18,446
Total assets 724,423 723,440
Current liabilities:    
Current portions of long-term debt and capital lease liabilities 14,883 13,427
Accounts payable 112,968 114,759
Accrued expenses and other current liabilities 21,724 21,983
Billings in excess of cost and estimated earnings 22,259 28,744
Income taxes payable 718 810
Total current liabilities 172,552 179,723
Long-term debt and capital lease liabilities, less current portions and net of deferred financing fees 104,770 100,490
Federal ESPC liabilities 121,633 122,040
Deferred income taxes 1,311 4,010
Deferred grant income 8,015 8,291
Other liabilities 21,492 18,854
Commitments and contingencies
Redeemable non-controlling interest 6,765 490
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, no shares issued and outstanding at June 30, 2016 and December 31, 2015 0 0
Additional paid-in capital 111,539 110,311
Retained earnings 187,502 184,454
Accumulated other comprehensive loss, net (9,212) (5,228)
Total equity 287,885 289,542
Less - treasury stock, at cost, 417,698 shares at June 30, 2016 (1,949) 0
Total liabilities, redeemable non-controlling interest and equity 724,423 723,440
Common Class A    
Stockholders’ equity:    
Common Stock 3 3
Common Class B    
Stockholders’ equity:    
Common Stock $ 2 $ 2