| Schedule of Operational Results by Business Segments |
The Company’s business segments had the following operational results for the three months ended June 30, 2013 and 2012:
Ameresco, Inc. and Subsidiaries
Segment Reporting
Three Months Ending June 30, 2013
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|
U.S. Federal |
|
Central U.S. Region |
|
Other U.S. Regions |
|
Canada |
|
All Other |
|
Total |
Total revenue |
$ |
12,832,574 |
|
|
$ |
19,648,513 |
|
|
$ |
40,722,038 |
|
|
$ |
16,125,048 |
|
|
$ |
36,924,521 |
|
|
$ |
126,252,694 |
|
Interest income |
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
11,629 |
|
|
$ |
23,283 |
|
|
$ |
34,912 |
|
Interest expense |
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
514,793 |
|
|
$ |
584,509 |
|
|
$ |
1,099,302 |
|
Depreciation and amortization of intangible assets |
$ |
112,921 |
|
|
$ |
10,283 |
|
|
$ |
— |
|
|
$ |
192,508 |
|
|
$ |
4,264,750 |
|
|
$ |
4,580,462 |
|
Income (loss) before taxes |
$ |
(780,354 |
) |
|
$ |
1,524,693 |
|
|
$ |
4,544,167 |
|
|
$ |
(1,203,935 |
) |
|
$ |
(6,442,323 |
) |
|
$ |
(2,357,752 |
) |
Total assets |
$ |
72,251,324 |
|
|
$ |
23,685,122 |
|
|
$ |
255,268,359 |
|
|
$ |
50,336,156 |
|
|
$ |
218,408,114 |
|
|
$ |
619,949,075 |
|
Capital expenditures |
$ |
116,772 |
|
|
$ |
9,400 |
|
|
$ |
212,436 |
|
|
$ |
225,021 |
|
|
$ |
18,356,442 |
|
|
$ |
18,920,071 |
|
Ameresco, Inc. and Subsidiaries
Segment Reporting
Three Months Ending June 30, 2012
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|
|
|
U.S. Federal |
|
Central U.S. Region |
|
Other U.S. Regions |
|
Canada |
|
All Other |
|
Total |
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|
|
|
|
|
|
|
|
(Restated) |
|
(Restated) |
Total revenue |
$ |
21,454,484 |
|
|
$ |
27,273,433 |
|
|
$ |
65,182,293 |
|
|
$ |
10,630,056 |
|
|
$ |
39,559,639 |
|
|
$ |
164,099,905 |
|
Interest income |
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
2,754 |
|
|
$ |
1,388 |
|
|
$ |
4,142 |
|
Interest expense |
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
118,234 |
|
|
$ |
811,383 |
|
|
$ |
929,617 |
|
Depreciation and amortization of intangible assets |
$ |
32,487 |
|
|
$ |
4,966 |
|
|
$ |
— |
|
|
$ |
93,652 |
|
|
$ |
4,638,151 |
|
|
$ |
4,769,256 |
|
Income (loss) before taxes |
$ |
1,969,949 |
|
|
$ |
3,706,625 |
|
|
$ |
10,642,416 |
|
|
$ |
(4,001,786 |
) |
|
$ |
(5,471,324 |
) |
|
$ |
6,845,880 |
|
Total assets |
$ |
153,902,746 |
|
|
$ |
30,522,323 |
|
|
$ |
266,603,024 |
|
|
$ |
58,479,009 |
|
|
$ |
151,168,687 |
|
|
$ |
660,675,789 |
|
Capital expenditures |
$ |
10,816 |
|
|
$ |
— |
|
|
$ |
744,435 |
|
|
$ |
924,008 |
|
|
$ |
9,121,473 |
|
|
$ |
10,800,732 |
|
The Company’s business segments had the following operational results for the six months ended June 30, 2013 and 2012:
Ameresco, Inc. and Subsidiaries
Segment Reporting
Six Months Ending June 30, 2013
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|
|
U.S. Federal |
|
Central U.S. Region |
|
Other U.S. Regions |
|
Canada |
|
All Other |
|
Total |
Total revenue |
$ |
25,936,975 |
|
|
$ |
30,558,447 |
|
|
$ |
76,821,589 |
|
|
$ |
29,785,472 |
|
|
$ |
73,285,734 |
|
|
$ |
236,388,217 |
|
Interest income |
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
25,575 |
|
|
$ |
165,918 |
|
|
$ |
191,493 |
|
Interest expense |
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
672,427 |
|
|
$ |
1,352,708 |
|
|
$ |
2,025,135 |
|
Depreciation and amortization of intangible assets |
$ |
222,956 |
|
|
$ |
15,019 |
|
|
$ |
— |
|
|
$ |
385,631 |
|
|
$ |
9,654,874 |
|
|
$ |
10,278,480 |
|
Income (loss) before taxes |
$ |
(119,592 |
) |
|
$ |
1,357,540 |
|
|
$ |
8,439,204 |
|
|
$ |
(1,933,991 |
) |
|
$ |
(12,647,723 |
) |
|
$ |
(4,904,562 |
) |
Total assets |
$ |
72,251,324 |
|
|
$ |
23,685,122 |
|
|
$ |
255,268,359 |
|
|
$ |
50,336,156 |
|
|
$ |
218,408,114 |
|
|
$ |
619,949,075 |
|
Capital expenditures |
$ |
366,802 |
|
|
$ |
72,297 |
|
|
$ |
821,870 |
|
|
$ |
386,695 |
|
|
$ |
29,931,639 |
|
|
$ |
31,579,303 |
|
Ameresco, Inc. and Subsidiaries
Segment Reporting
Six Months Ending June 30, 2012
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|
U.S. Federal |
|
Central U.S. Region |
|
Other U.S. Regions |
|
Canada |
|
All Other |
|
Total |
|
|
|
|
|
|
|
|
|
(Restated) |
|
(Restated) |
Total revenue |
$ |
43,189,316 |
|
|
$ |
42,721,177 |
|
|
$ |
115,748,499 |
|
|
$ |
28,265,688 |
|
|
$ |
80,748,594 |
|
|
$ |
310,673,274 |
|
Interest income |
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
2,754 |
|
|
$ |
6,323 |
|
|
$ |
9,077 |
|
Interest expense |
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
239,725 |
|
|
$ |
1,898,605 |
|
|
$ |
2,138,330 |
|
Depreciation and amortization of intangible assets |
$ |
135,057 |
|
|
$ |
10,041 |
|
|
$ |
— |
|
|
$ |
200,781 |
|
|
$ |
9,362,624 |
|
|
$ |
9,708,503 |
|
Income (loss) before taxes |
$ |
3,258,310 |
|
|
$ |
4,496,889 |
|
|
$ |
19,173,562 |
|
|
$ |
(3,882,604 |
) |
|
$ |
(13,883,226 |
) |
|
$ |
9,162,931 |
|
Total assets |
$ |
153,902,746 |
|
|
$ |
30,522,323 |
|
|
$ |
266,603,024 |
|
|
$ |
58,479,009 |
|
|
$ |
151,168,687 |
|
|
$ |
660,675,789 |
|
Capital expenditures |
$ |
700,954 |
|
|
$ |
— |
|
|
$ |
1,199,211 |
|
|
$ |
2,306,278 |
|
|
$ |
14,035,002 |
|
|
$ |
18,241,445 |
|
|