Annual report pursuant to Section 13 and 15(d)

Revenue from Contracts with Customers (Tables)

v3.24.0.1
Revenue from Contracts with Customers (Tables)
 12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
Summary of Disaggregation of Revenue
The following table presents our revenue disaggregated by line of business and reportable segment for the year ended December 31, 2023:
U.S. Regions U.S. Federal Canada Alternative Fuels Europe All Other Total
Project revenue $ 465,342  $ 342,238  $ 53,737  $ —  $ 138,730  $ 1,250  $ 1,001,297 
O&M revenue 26,210  53,496  100  10,697  1,980  —  92,483 
Energy assets 60,450  6,326  4,223  106,359  1,531  —  178,889 
Integrated-PV 4  —  —  —  —  45,739  45,743 
Other 5,116  824  12,050  19  10,601  27,611  56,221 
Total revenues $ 557,122  $ 402,884  $ 70,110  $ 117,075  $ 152,842  $ 74,600  $ 1,374,633 
The following table presents our revenue disaggregated by line of business and reportable segment for the year ended December 31, 2022:
U.S. Regions U.S. Federal Canada Alternative Fuels Europe All Other Total
Project revenue $ 1,049,465  $ 333,846  $ 44,273  $ —  $ 53,680  $ —  $ 1,481,264 
O&M revenue 22,217  51,857  42  10,377  471  1  84,965 
Energy assets 47,372  5,822  4,447  104,082  368  —  162,091 
Integrated-PV —  —  —  —  —  49,696  49,696 
Other 4,289  366  9,796  —  7,126  24,829  46,406 
Total revenues $ 1,123,343  $ 391,891  $ 58,558  $ 114,459  $ 61,645  $ 74,526  $ 1,824,422 
The following table presents our revenue disaggregated by line of business and reportable segment for the year ended December 31, 2021:
U.S. Regions U.S. Federal Canada Alternative Fuels Europe All Other Total
Project revenue $ 488,507  $ 340,686  $ 36,776  $ —  $ 37,970  $ 21  $ 903,960 
O&M revenue 21,551  47,072  71  9,288  631  —  78,613 
Energy assets 39,433  4,913  4,532  101,811  562  —  151,251 
Integrated-PV —  —  —  —  —  41,202  41,202 
Other 1,627  277  8,104  124  7,001  23,538  40,671 
Total revenues $ 551,118  $ 392,948  $ 49,483  $ 111,223  $ 46,164  $ 64,761  $ 1,215,697 
See Note 16 for our revenue disaggregated by geographical region.
The following table presents information related to our revenue recognized over time:
Year Ended December 31,
2023 2022 2021
Percentage of revenue recognized over time 95  % 96  % 95  %
Summary of Contract Balances
The following table provides information about receivables, contract assets, and contract liabilities from contracts with customers:
  December 31, 2023 December 31, 2022
Accounts receivable, net $ 153,362  $ 174,009 
Accounts receivable retainage 33,826  38,057 
Contract Assets
Costs and estimated earnings in excess of billings 636,163    576,363 
Contract Liabilities
Billings in excess of cost and estimated earnings 52,903  34,796 
Billings in excess of cost and estimated earnings, non-current (1)
18,393  7,617 
Total contract liabilities $ 71,296  $ 42,413 
(1) Performance obligations that are expected to be completed beyond the next twelve months and are included in other liabilities in the consolidated balance sheets.
Summary of Project Development Costs on Projects Converted to Customer Contracts
The following table presents information related to our project development costs recognized in the consolidated statements of income on projects that converted to customer contracts:
Year Ended December 31,
2023 2022 2021
Project development costs recognized $ 13,051  $ 15,507  $ 12,737