| Schedule of Operational Results by Business Segments |
The Company’s business segments had the following operational results for the three months ended September 30, 2013 and 2012:
Ameresco, Inc. and Subsidiaries
Segment Reporting
Three Months Ending September 30, 2013
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U.S. Federal |
|
Central U.S. Region |
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Other U.S. Regions |
|
Canada |
|
All Other |
|
Total |
Total revenue |
$ |
19,259,566 |
|
|
$ |
23,735,134 |
|
|
$ |
60,673,050 |
|
|
$ |
20,059,253 |
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|
$ |
37,921,810 |
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|
$ |
161,648,813 |
|
Interest income |
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
8,657 |
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|
$ |
595 |
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|
$ |
9,252 |
|
Interest expense |
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
335,326 |
|
|
$ |
870,015 |
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|
$ |
1,205,341 |
|
Depreciation and amortization of intangible assets |
$ |
117,480 |
|
|
$ |
161,300 |
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|
$ |
— |
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|
$ |
198,981 |
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|
$ |
4,748,553 |
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|
$ |
5,226,314 |
|
Income (loss) before taxes |
$ |
1,970,868 |
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|
$ |
2,320,240 |
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|
$ |
8,904,325 |
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|
$ |
(127,377 |
) |
|
$ |
(7,075,453 |
) |
|
$ |
5,992,603 |
|
Total assets |
$ |
41,593,748 |
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|
$ |
19,921,894 |
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|
$ |
269,954,505 |
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|
$ |
52,726,154 |
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|
$ |
212,960,144 |
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|
$ |
597,156,445 |
|
Capital expenditures |
$ |
31,956 |
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|
$ |
— |
|
|
$ |
424,235 |
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|
$ |
831,617 |
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|
$ |
3,639,057 |
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|
$ |
4,926,865 |
|
Ameresco, Inc. and Subsidiaries
Segment Reporting
Three Months Ending September 30, 2012
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U.S. Federal |
|
Central U.S. Region |
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Other U.S. Regions |
|
Canada |
|
All Other |
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Total |
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(Restated) |
|
(Restated) |
Total revenue |
$ |
16,193,420 |
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|
$ |
23,954,729 |
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|
$ |
67,335,319 |
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|
$ |
16,141,540 |
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|
$ |
40,281,197 |
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|
$ |
163,906,205 |
|
Interest income |
$ |
— |
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|
$ |
— |
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|
$ |
— |
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|
$ |
— |
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|
$ |
4,392 |
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|
$ |
4,392 |
|
Interest expense |
$ |
— |
|
|
$ |
— |
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|
$ |
— |
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|
$ |
264,254 |
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|
$ |
898,689 |
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|
$ |
1,162,943 |
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Depreciation and amortization of intangible assets |
$ |
85,664 |
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|
$ |
4,955 |
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|
$ |
— |
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|
$ |
149,753 |
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|
$ |
4,497,892 |
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|
$ |
4,738,264 |
|
Income (loss) before taxes |
$ |
2,319,011 |
|
|
$ |
2,822,955 |
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|
$ |
9,040,364 |
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|
$ |
147,273 |
|
|
$ |
(4,933,546 |
) |
|
$ |
9,396,057 |
|
Total assets |
$ |
157,420,358 |
|
|
$ |
21,676,637 |
|
|
$ |
278,036,272 |
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|
$ |
69,962,338 |
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|
$ |
154,603,893 |
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|
$ |
681,699,498 |
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Capital expenditures |
$ |
244,672 |
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|
$ |
— |
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|
$ |
1,455,735 |
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|
$ |
1,281,673 |
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|
$ |
9,943,289 |
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|
$ |
12,925,369 |
|
The Company’s business segments had the following operational results for the nine months ended September 30, 2013 and 2012:
Ameresco, Inc. and Subsidiaries
Segment Reporting
Nine Months Ending September 30, 2013
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U.S. Federal |
|
Central U.S. Region |
|
Other U.S. Regions |
|
Canada |
|
All Other |
|
Total |
Total revenue |
$ |
45,196,541 |
|
|
$ |
54,293,581 |
|
|
$ |
137,494,639 |
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|
$ |
49,844,725 |
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|
$ |
111,207,544 |
|
|
$ |
398,037,030 |
|
Interest income |
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
34,232 |
|
|
$ |
166,512 |
|
|
$ |
200,744 |
|
Interest expense |
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,007,753 |
|
|
$ |
2,222,722 |
|
|
$ |
3,230,475 |
|
Depreciation and amortization of intangible assets |
$ |
340,436 |
|
|
$ |
176,319 |
|
|
$ |
— |
|
|
$ |
584,612 |
|
|
$ |
14,403,427 |
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|
$ |
15,504,794 |
|
Income (loss) before taxes |
$ |
1,851,276 |
|
|
$ |
3,677,780 |
|
|
$ |
17,343,529 |
|
|
$ |
(2,061,367 |
) |
|
$ |
(19,723,177 |
) |
|
$ |
1,088,041 |
|
Total assets |
$ |
41,593,748 |
|
|
$ |
19,921,894 |
|
|
$ |
269,954,505 |
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|
$ |
52,726,154 |
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|
$ |
212,960,144 |
|
|
$ |
597,156,445 |
|
Capital expenditures |
$ |
398,757 |
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|
$ |
72,297 |
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|
$ |
1,246,105 |
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|
$ |
1,218,312 |
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|
$ |
33,570,696 |
|
|
$ |
36,506,167 |
|
Ameresco, Inc. and Subsidiaries
Segment Reporting
Nine Months Ending September 30, 2012
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U.S. Federal |
|
Central U.S. Region |
|
Other U.S. Regions |
|
Canada |
|
All Other |
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Total |
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|
(Restated) |
|
(Restated) |
Total revenue |
$ |
59,382,736 |
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|
$ |
66,675,906 |
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|
$ |
183,083,818 |
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|
$ |
44,407,228 |
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|
$ |
121,029,791 |
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|
$ |
474,579,479 |
|
Interest income |
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
2,754 |
|
|
$ |
10,715 |
|
|
$ |
13,469 |
|
Interest expense |
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
503,979 |
|
|
$ |
2,797,294 |
|
|
$ |
3,301,273 |
|
Depreciation and amortization of intangible assets |
$ |
220,721 |
|
|
$ |
14,996 |
|
|
$ |
— |
|
|
$ |
350,534 |
|
|
$ |
13,860,516 |
|
|
$ |
14,446,767 |
|
Income (loss) before taxes |
$ |
5,577,321 |
|
|
$ |
7,319,844 |
|
|
$ |
28,213,926 |
|
|
$ |
(3,735,331 |
) |
|
$ |
(18,816,772 |
) |
|
$ |
18,558,988 |
|
Total assets |
$ |
157,420,358 |
|
|
$ |
21,676,637 |
|
|
$ |
278,036,272 |
|
|
$ |
69,962,338 |
|
|
$ |
154,603,893 |
|
|
$ |
681,699,498 |
|
Capital expenditures |
$ |
945,626 |
|
|
$ |
— |
|
|
$ |
2,654,946 |
|
|
$ |
3,587,951 |
|
|
$ |
23,978,291 |
|
|
$ |
31,166,814 |
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|