Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 29,559 $ 20,607
Restricted cash 15,789 12,299
Accounts receivable, net 64,230 85,354
Accounts receivable retainage, net 17,447 17,465
Costs and estimated earnings in excess of billings 82,647 56,914
Inventory, net 8,602 12,104
Prepaid expenses and other current assets 13,836 11,732
Income tax receivable 521 406
Project development costs 12,584 9,180
Total current assets 245,215 226,061
Federal ESPC receivable 210,472 158,209
Property and equipment, net 4,830 5,018
Energy assets, net 357,155 319,758
Goodwill 56,107 57,976
Intangible assets, net 2,801 3,931
Other assets 27,065 26,328
Total assets 903,645 797,281
Current liabilities:    
Current portions of long-term debt and capital lease liabilities 24,155 19,292
Accounts payable 122,731 126,583
Accrued expenses and other current liabilities 23,203 22,763
Billings in excess of cost and estimated earnings 17,772 21,189
Income taxes payable 2,849 775
Total current liabilities 190,710 190,602
Long-term debt and capital lease liabilities, less current portions and net of deferred financing fees 178,142 140,593
Federal ESPC liabilities 188,422 133,003
Deferred income taxes, net 2,855 9,037
Deferred grant income 7,326 7,739
Other liabilities 16,666 15,154
Commitments and contingencies (Note 6)
Redeemable non-controlling interests 7,532 6,847
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, no shares issued and outstanding at September 30, 2017 and December 31, 2016 0 0
Additional paid-in capital 115,461 112,926
Retained earnings 212,033 194,353
Accumulated other comprehensive loss, net (6,091) (6,591)
Less - treasury stock, at cost, 1,828,213 shares at September 30, 2017 and 1,298,418 shares at December 31, 2016 (9,416) (6,387)
Total stockholders’ equity 311,992 294,306
Total liabilities, redeemable non-controlling interests and stockholders’ equity 903,645 797,281
Common Class A    
Stockholders’ equity:    
Common Stock 3 3
Common Class B    
Stockholders’ equity:    
Common Stock $ 2 $ 2