Annual report pursuant to Section 13 and 15(d)

Business Segment Information

v2.4.0.6
Business Segment Information
 12 Months Ended
Dec. 31, 2011
Business Segment Information [Abstract]  
Segment Reporting Disclosure [Text Block]
BUSINESS SEGMENT INFORMATION
The Company reports four segments: U.S. federal, central U.S. region, other U.S. regions and Canada. Each segment provides customers with energy efficiency and renewable energy solutions. The other U.S. regions segment is an aggregation of four regions: northeast U.S., southeast U.S., southwest U.S. and northwest U.S. These regions have similar economic characteristics — in particular, expected and actual gross profit margins. In addition, they sell products and services of a similar nature, serve similar types of customers and use similar methods to distribute their products and services. Accordingly, these four regions meet the aggregation criteria set forth in ASC 280, Segment Reporting. The "all other" category includes activities, such as O&M and sales of renewable energy and certain other renewable energy products, that are managed centrally at the Company's corporate headquarters. It also includes all corporate operating expenses — salaries and benefits, project development costs, and general, administrative and other — not specifically allocated to the segments. The Company does not allocate any indirect expenses to the segments. For the years ended December 31, 2009, 2010 and 2011 unallocated corporate expenses were $25,090,295, $30,721,689 and $39,477,839, respectively. Income before taxes and unallocated corporate expenses for all other in December 31, 2009, 2010 and 2011 was $21,318,368, $9,875,322 and $11,026,273, respectively. The accounting policies are the same as those described in the summary of significant accounting policies. See Note 2.


The Company's business segments had the following operational results for the years ended December 31, 2011, 2010 and 2009:
Ameresco, Inc. and Subsidiaries
Fiscal 2011
 Segment Reporting

 
U.S. Federal
 
Central U.S. Region
 
Other U.S. Regions
 
Canada
 
All Other
 
Total
Total revenue
$
145,198,722

 
$
86,376,323

 
$
268,211,318

 
$
106,530,807

 
$
121,883,148

 
$
728,200,318

Interest income
$
—

 
$
—

 
$
—

 
$
5,615

 
$
70,657

 
$
76,272

Interest expense
$
—

 
$
—

 
$
—

 
$
118,315

 
$
4,088,307

 
$
4,206,622

Depreciation and amortization of intangible assets
$
225,620

 
$
18,665

 
$
—

 
$
835,739

 
$
12,928,714

 
$
14,008,738

Income (loss) before taxes
$
19,251,538

 
$
5,643,073

 
$
47,074,233

 
$
1,976,414

 
$
(28,451,566
)
 
$
45,493,692

Total assets
$
150,408,837

 
$
15,035,157

 
$
273,751,371

 
$
68,321,537

 
$
138,080,565

 
$
645,597,467

Capital expenditures
$
215,021

 
$
17,939

 
$
3,202,706

 
$
3,776,141

 
$
38,000,332

 
$
45,212,139

Ameresco, Inc. and Subsidiaries
Fiscal 2010
 Segment Reporting

 
U.S. Federal
 
Central U.S. Region
 
Other U.S. Regions
 
Canada
 
All Other
 
Total
Total revenue
$
177,522,351

 
$
100,327,256

 
$
142,456,529

 
$
101,408,237

 
$
96,512,286

 
$
618,226,659

Interest income
$
—

 
$
—

 
$
—

 
$
33,195

 
$
397,805

 
$
431,000

Interest expense
$
—

 
$
—

 
$
—

 
$
2,686

 
$
4,942,083

 
$
4,944,769

Depreciation
$
181,174

 
$
8,733

 
$
—

 
$
492,174

 
$
10,737,105

 
$
11,419,186

Income (loss) before taxes
$
21,443,966

 
$
10,378,682

 
$
25,582,985

 
$
4,352,485

 
$
(20,846,367
)
 
$
40,911,751

Total assets
$
210,456,641

 
$
26,338,559

 
$
122,524,864

 
$
72,012,318

 
$
151,118,591

 
$
582,450,973

Capital expenditures
$
672,617

 
$
68,097

 
$
1,606,508

 
$
10,277,279

 
$
27,002,027

 
$
39,626,528

Ameresco, Inc. and Subsidiaries
Fiscal 2009
 Segment Reporting

 
U.S. Federal
 
Central U.S. Region
 
Other U.S. Regions
 
Canada
 
All Other
 
Total
Total revenue
$
87,579,580

 
$
88,067,983

 
$
77,828,302

 
$
83,632,845

 
$
91,407,879

 
$
428,516,589

Interest income
$
—

 
$
—

 
$
—

 
$
23,511

 
$
74,439

 
$
97,950

Interest expense
$
—

 
$
—

 
$
—

 
$
—

 
$
(1,464,960
)
 
$
(1,464,960
)
Depreciation
$
91,884

 
$
17,900

 
$
—

 
$
254,110

 
$
6,269,796

 
$
6,633,690

Income (loss) before taxes
$
11,276,053

 
$
10,121,160

 
$
5,076,943

 
$
4,154,533

 
$
(3,771,927
)
 
$
26,856,762

Total assets
$
66,104,336

 
$
25,501,159

 
$
109,502,883

 
$
52,945,352

 
$
121,490,878

 
$
375,544,608

Capital expenditures
$
113,515

 
$
8,528

 
$
780,576

 
$
914,980

 
$
19,821,998

 
$
21,639,597