Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 24,262 $ 20,607
Restricted cash 15,751 12,299
Accounts receivable, net 85,121 85,354
Accounts receivable retainage, net 17,484 17,465
Costs and estimated earnings in excess of billings 104,852 56,914
Inventory, net 8,139 12,104
Prepaid expenses and other current assets 14,037 11,732
Income tax receivable 6,053 406
Project development costs 11,379 9,180
Total current assets 287,078 226,061
Federal ESPC receivable 248,917 158,209
Property and equipment, net 5,303 5,018
Energy assets, net 356,443 319,758
Goodwill 56,135 57,976
Intangible assets, net 2,440 3,931
Other assets 27,635 26,328
Total assets 983,951 797,281
Current liabilities:    
Current portions of long-term debt and capital lease liabilities 22,375 19,292
Accounts payable 135,881 126,583
Accrued expenses and other current liabilities 23,260 22,763
Billings in excess of cost and estimated earnings 19,871 21,189
Income taxes payable 755 775
Total current liabilities 202,142 190,602
Long-term debt and capital lease liabilities, less current portions and net of deferred financing fees 173,237 140,593
Federal ESPC liabilities 235,088 133,003
Deferred income taxes, net 584 9,037
Deferred grant income 7,188 7,739
Other liabilities 18,754 15,154
Commitments and contingencies (Note 13)
Redeemable non-controlling interests 10,338 6,847
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, no shares issued and outstanding at December 31, 2017 and 2016 0 0
Additional paid-in capital 116,196 112,926
Retained earnings 235,844 194,353
Accumulated other comprehensive loss, net (5,626) (6,591)
Less - treasury stock, at cost, 1,873,266 shares at December 31, 2017, and 1,298,418 shares at December 31, 2016 (9,799) (6,387)
Total stockholders’ equity 336,620 294,306
Total liabilities, redeemable non-controlling interests and stockholders’ equity 983,951 797,281
Class A Common Stock    
Stockholders’ equity:    
Common stock 3 3
Class B Common Stock    
Stockholders’ equity:    
Common stock $ 2 $ 2