| Schedule of Operational Results by Business Segments |
An analysis of the Company’s business segment information and reconciliation to the consolidated financial statements is as follows:
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U.S. Regions |
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U.S. Federal |
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Canada |
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Non-solar DG |
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All Other |
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Total Consolidated |
2017 |
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Revenues |
$ |
290,196 |
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$ |
229,146 |
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$ |
43,803 |
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$ |
79,220 |
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$ |
74,787 |
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$ |
717,152 |
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Interest income |
2 |
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44 |
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1 |
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83 |
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— |
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130 |
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Interest expense |
2,672 |
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|
1,056 |
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|
1,927 |
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3,389 |
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38 |
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9,082 |
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Depreciation and intangible asset amortization |
2,974 |
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|
2,623 |
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|
1,178 |
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15,259 |
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1,881 |
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23,915 |
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Unallocated corporate activity |
— |
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— |
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— |
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— |
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— |
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(27,195 |
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Income before taxes, excluding unallocated corporate activity |
13,865 |
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29,261 |
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1,751 |
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8,115 |
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2,920 |
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55,912 |
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2016 |
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Revenues |
276,766 |
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|
178,005 |
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50,448 |
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74,395 |
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|
71,613 |
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|
651,227 |
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Interest income |
1 |
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11 |
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— |
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38 |
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— |
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50 |
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Interest expense |
1,055 |
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|
942 |
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1,737 |
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3,319 |
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23 |
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7,076 |
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Depreciation and intangible asset amortization |
1,901 |
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2,588 |
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1,090 |
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14,557 |
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2,628 |
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22,764 |
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Unallocated corporate activity |
— |
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— |
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— |
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— |
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— |
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(32,225 |
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Income (loss) before taxes, excluding unallocated corporate activity |
19,802 |
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22,246 |
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(2,330 |
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9,301 |
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(427 |
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48,592 |
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2015 |
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Revenues |
306,086 |
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127,620 |
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49,235 |
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61,626 |
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86,265 |
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630,832 |
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Interest income |
1 |
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1 |
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1,154 |
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175 |
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— |
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1,331 |
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Interest expense |
359 |
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— |
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1,338 |
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3,553 |
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— |
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5,250 |
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Depreciation and intangible asset amortization |
1,823 |
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1,209 |
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1,081 |
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13,331 |
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4,078 |
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21,522 |
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Unallocated corporate activity |
— |
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— |
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— |
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— |
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— |
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(26,077 |
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Income (loss) before taxes, excluding unallocated corporate activity |
25,856 |
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16,676 |
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(15,449 |
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7,609 |
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(8,323 |
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26,369 |
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| Revenue from External Customers by Products and Services |
Information as to the Company’s revenues by service and product lines is as follows:
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Year Ended December 31, |
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2017 |
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2016 |
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2015 |
Revenues: |
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Project(1) |
$ |
506,550 |
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$ |
454,200 |
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$ |
434,380 |
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Energy Assets(2) |
69,241 |
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64,882 |
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55,130 |
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O&M(3) |
60,574 |
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63,082 |
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59,117 |
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Integrated-PV(4) |
38,796 |
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29,325 |
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40,070 |
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Other Services |
41,991 |
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39,738 |
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42,135 |
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Total Revenues |
$ |
717,152 |
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$ |
651,227 |
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$ |
630,832 |
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(1) Project revenues consists of services related to the design, engineering and installation of, and the arranging of financing for, equipment and other measures to improve the efficiency and control the operation of a facility’s energy infrastructure. Project revenues also include the construction for customers of small-scale plants that produce electricity, gas, heat or cooling from renewable sources of energy.
(2) Energy Assets revenues includes the sale of electricity, processed LFG, heat or cooling from plants that the Company owns.
(3) O&M revenues includes operations and maintenance services for customers as well as measurement and verification services related to our ESPCs.
(4) Integrated-PV revenues includes the sale of solar PV energy products and systems.
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