Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 17,170,736 $ 63,347,645
Restricted cash 15,496,829 26,358,908
Accounts receivable, net 86,008,308 84,124,627
Accounts receivable retainage 21,018,816 23,197,784
Costs and estimated earnings in excess of billings 71,204,421 62,096,284
Inventory, net 10,256,415 9,502,289
Prepaid expenses and other current assets 10,176,880 9,600,619
Income tax receivable 3,970,726 5,385,242
Deferred income taxes 4,842,635 5,190,718
Project development costs 9,686,354 9,038,725
Total current assets 249,832,120 297,842,841
Federal ESPC receivable 44,297,275 91,854,808
Property and equipment, net 8,699,048 9,387,218
Project assets, net 210,744,176 207,274,982
Deferred financing fees, net 5,319,642 5,746,177
Goodwill 53,074,362 48,968,390
Intangible assets, net 10,253,181 9,742,878
Other assets 22,439,759 4,654,709
Total Assets 604,659,563 675,472,003
Current liabilities:    
Current portion of long-term debt 12,973,591 12,452,678
Accounts payable 88,733,043 101,007,455
Accrued expenses and other current liabilities 11,947,022 13,157,024
Billings in excess of cost and estimated earnings 16,932,639 22,271,655
Income taxes payable 615,063 0
Total current liabilities 131,201,358 148,888,812
Long-term debt, less current portion 103,221,845 109,079,009
Federal ESPC liabilities 44,297,304 92,843,163
Deferred income taxes 11,318,406 24,888,229
Deferred grant income 8,163,368 7,590,730
Other liabilities 29,652,488 30,362,869
Commitments and contingencies (Note 12)      
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, no shares issued and outstanding at December 31, 2013 and 2012 0 0
Additional paid-in capital 102,586,666 93,141,432
Retained earnings 171,093,577 177,169,717
Accumulated other comprehensive income, net 3,112,442 713,194
Non-controlling interest 7,522 (27,583)
Less — treasury stock, at cost, no shares at December 31, 2013 and 4,833,284 shares at December 31, 2012 0 (9,182,571)
Total stockholders’ equity 276,804,794 261,819,191
Liabilities and Stockholders' Equity 604,659,563 675,472,003
Class A Common Stock
    
Stockholders’ equity:    
Common stock 2,787 3,202
Class B Common Stock
    
Stockholders’ equity:    
Common stock $ 1,800 $ 1,800