Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.7.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 27,131 $ 20,607
Restricted cash 16,565 12,299
Accounts receivable, net 67,679 85,354
Accounts receivable retainage, net 18,295 17,465
Costs and estimated earnings in excess of billings 53,313 56,914
Inventory, net 9,479 12,104
Prepaid expenses and other current assets 10,613 11,732
Income tax receivable 521 406
Project development costs 13,339 9,180
Total current assets 216,935 226,061
Federal ESPC receivable 221,680 158,209
Property and equipment, net 4,699 5,018
Energy assets, net 348,472 319,758
Goodwill 55,779 57,976
Intangible assets, net 3,113 3,931
Other assets 25,204 26,328
Total assets 875,882 797,281
Current liabilities:    
Current portions of long-term debt and capital lease liabilities 22,270 19,292
Accounts payable 102,529 126,583
Accrued expenses and other current liabilities 21,146 22,763
Billings in excess of cost and estimated earnings 21,494 21,189
Income taxes payable 603 775
Total current liabilities 168,042 190,602
Long-term debt and capital lease liabilities, less current portions and net of deferred financing fees 172,732 140,593
Federal ESPC liabilities 197,729 133,003
Deferred income taxes, net 3,074 9,037
Deferred grant income 7,464 7,739
Other liabilities 16,340 15,154
Commitments and contingencies (Note 6)
Redeemable non-controlling interests 7,297 6,847
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, no shares issued and outstanding at June 30, 2017 and December 31, 2016 0 0
Additional paid-in capital 114,653 112,926
Retained earnings 203,540 194,353
Accumulated other comprehensive loss, net (6,338) (6,591)
Less - treasury stock, at cost, 1,719,242 shares at June 30, 2017 and 1,298,418 shares at December 31, 2016 (8,656) (6,387)
Total stockholders’ equity 303,204 294,306
Total liabilities, redeemable non-controlling interests and stockholders’ equity 875,882 797,281
Common Class A    
Stockholders’ equity:    
Common Stock 3 3
Common Class B    
Stockholders’ equity:    
Common Stock $ 2 $ 2