Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 21,256 $ 23,762
Restricted cash 15,306 12,818
Accounts receivable, net 75,649 71,661
Accounts receivable retainage 20,407 15,968
Costs and estimated earnings in excess of billings 76,650 66,325
Inventory, net 12,214 8,896
Prepaid expenses and other current assets 12,939 8,666
Income tax receivable 0 3,525
Deferred income taxes 6,069 5,440
Project development costs 15,781 9,674
Total current assets 256,271 226,735
Federal ESPC receivable 103,589 79,167
Property and equipment, net 5,947 7,372
Project assets, net 239,119 217,772
Deferred financing fees, net 5,323 4,313
Goodwill 59,371 60,479
Intangible assets, net 7,983 11,238
Other assets 17,178 22,583
Total assets 694,781 629,659
Current liabilities:    
Current portions of long-term debt and capital lease liabilities 12,391 12,255
Accounts payable 112,384 87,787
Accrued expenses and other current liabilities 31,785 26,944
Billings in excess of cost and estimated earnings 25,492 18,291
Income taxes payable 920 812
Total current liabilities 182,972 146,089
Long-term debt and capital lease liabilities, less current portions 83,240 90,037
Federal ESPC liabilities 106,401 70,875
Deferred income taxes 4,524 7,210
Deferred grant income 8,429 8,842
Other liabilities $ 21,981 $ 20,300
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, no shares issued and outstanding at September 30, 2015 and December 31, 2014 $ 0 $ 0
Additional paid-in capital 109,417 107,445
Retained earnings 183,458 181,477
Accumulated other comprehensive loss, net (5,646) (2,620)
Non-controlling interest 0 (1)
Total stockholders’ equity 287,234 286,306
Total liabilities and stockholders’ equity 694,781 629,659
Common Class A    
Stockholders’ equity:    
Common Stock 3 3
Common Class B    
Stockholders’ equity:    
Common Stock $ 2 $ 2