Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.10.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 64,539 $ 24,262
Restricted cash 13,461 15,751
Accounts receivable, net 90,378 85,121
Accounts receivable retainage, net 14,401 17,484
Costs and estimated earnings in excess of billings 66,471 104,852
Inventory, net 8,128 8,139
Prepaid expenses and other current assets 13,123 14,037
Income tax receivable 13,684 6,053
Project development costs 16,776 11,379
Total current assets 300,961 287,078
Federal ESPC receivable 272,953 248,917
Property and equipment, net 6,649 5,303
Energy assets, net 442,018 356,443
Goodwill 58,853 56,135
Intangible assets, net 2,315 2,440
Other assets 30,706 27,635
Total assets 1,114,455 983,951
Current liabilities:    
Current portions of long-term debt and capital lease liabilities 24,397 22,375
Accounts payable 119,969 135,881
Accrued expenses and other current liabilities 28,067 23,260
Billings in excess of cost and estimated earnings 32,516 19,871
Income taxes payable 6,348 755
Total current liabilities 211,297 202,142
Long-term debt and capital lease liabilities, less current portions and net of deferred financing fees 226,252 173,237
Federal ESPC liabilities 262,484 235,088
Deferred income taxes, net 3,453 584
Deferred grant income 6,774 7,188
Other liabilities 25,404 18,754
Commitments and contingencies (Note 7)
Redeemable non-controlling interests 14,585 10,338
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, no shares issued and outstanding at September 30, 2018 and December 31, 2017 0 0
Additional paid-in capital 121,660 116,196
Retained earnings 258,213 235,844
Accumulated other comprehensive loss, net (4,101) (5,626)
Less - treasury stock, at cost, 2,085,497 shares at September 30, 2018 and 1,873,266 shares at December 31, 2017 (11,571) (9,799)
Total stockholders’ equity 364,206 336,620
Total liabilities, redeemable non-controlling interests and stockholders’ equity 1,114,455 983,951
Common Class A    
Stockholders’ equity:    
Common Stock 3 3
Common Class B    
Stockholders’ equity:    
Common Stock $ 2 $ 2