Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income

v2.4.0.6
Consolidated Statements of Income (USD $)
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenue:    
Energy efficiency revenue $ 113,382,670 $ 106,193,265
Renewable energy revenue 33,190,699 40,226,504
Total Revenue 146,573,369 146,419,769
Direct expenses:    
Energy efficiency expenses 89,619,775 86,361,423
Renewable energy expenses 27,729,784 32,075,313
Total Direct Expenses 117,349,559 118,436,736
Gross profit 29,223,810 27,983,033
Operating expenses:    
Salaries and benefits 14,369,212 10,084,732
Project development costs 4,216,352 4,401,577
General, administrative and other 7,213,456 5,193,334
Total Operating Expenses 25,799,020 19,679,643
Operating income 3,424,790 8,303,390
Other expenses, net (Note 10) (1,337,605) (900,437)
Income before provision for income taxes 2,087,185 7,402,953
Income tax provision (581,887) (2,114,668)
Net income $ 1,505,298 $ 5,288,285
Net income per share attributable to common shareholders:    
Basic $ 0.03 $ 0.13
Diluted $ 0.03 $ 0.12
Weighted average common shares outstanding:    
Basic 44,145,093 41,322,276
Diluted 46,128,417 45,823,090