Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
Dec. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 63,347,645 $ 26,277,366
Restricted cash 26,358,908 12,372,356
Accounts receivable, net 84,124,627 109,296,773
Accounts receivable retainage 23,197,784 26,089,216
Costs and estimated earnings in excess of billings 62,096,284 69,251,022
Inventory, net 9,502,289 8,635,633
Prepaid expenses and other current assets 9,600,619 8,992,963
Income tax receivable 5,385,242 9,662,771
Deferred income taxes 5,190,718 6,456,671
Project development costs 9,038,725 6,027,689
Total current assets 297,842,841 283,062,460
Federal ESPC receivable 91,854,808 110,212,186
Property and equipment, net 9,387,218 7,086,164
Project assets, net 207,274,982 177,854,734
Deferred financing fees, net 5,746,177 2,994,692
Goodwill 48,968,390 47,881,346
Intangible assets, net 9,742,878 12,727,528
Other assets 4,654,709 3,778,357
Total Non Current Assets 377,629,162 362,535,007
Total Assets 675,472,003 645,597,467
Current liabilities:    
Current portion of long-term debt 12,452,678 11,563,983
Accounts payable 101,007,455 93,506,089
Accrued expenses and other current liabilities 13,157,024 8,917,723
Book overdraft 0 7,297,122
Billings in excess of cost and estimated earnings 22,271,655 26,982,858
Total current liabilities 148,888,812 148,267,775
Long-term debt, less current portion 201,922,172 196,401,588
Deferred income taxes 24,888,229 29,953,103
Deferred grant income 7,590,730 6,024,099
Other liabilities 30,362,869 28,529,867
Total Liabilities 264,764,000 260,908,657
Commitments and contingencies (Note 14)      
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, no shares issued and outstanding at December 31, 2012 and 2011 0 0
Additional paid-in capital 93,141,432 86,067,852
Retained earnings 177,169,717 158,809,584
Accumulated other comprehensive income 713,194 657,685
Non-controlling interest (27,583) 63,614
Less — treasury stock, at cost, 4,833,284 shares (9,182,571) (9,182,571)
Total stockholders’ equity 261,819,191 236,421,035
Liabilities and Stockholders' Equity 675,472,003 645,597,467
Class A Common Stock
    
Stockholders’ equity:    
Common stock 3,202 3,071
Class B Common Stock
    
Stockholders’ equity:    
Common stock $ 1,800 $ 1,800