Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.10.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 27,952 $ 24,262
Restricted cash 15,103 15,751
Accounts receivable, net 115,596 85,121
Accounts receivable retainage, net 14,669 17,484
Costs and estimated earnings in excess of billings 64,656 104,852
Inventory, net 8,264 8,139
Prepaid expenses and other current assets 14,853 14,037
Income tax receivable 17,237 6,053
Project development costs 16,095 11,379
Total current assets 294,425 287,078
Federal ESPC receivable 246,918 248,917
Property and equipment, net 6,255 5,303
Energy assets, net 404,888 356,443
Goodwill 57,268 56,135
Intangible assets, net 2,414 2,440
Other assets 31,927 27,635
Total assets 1,044,095 983,951
Current liabilities:    
Current portions of long-term debt and capital lease liabilities 27,451 22,375
Accounts payable 115,805 135,881
Accrued expenses and other current liabilities 22,800 23,260
Billings in excess of cost and estimated earnings 19,907 19,871
Income taxes payable 1,298 755
Total current liabilities 187,261 202,142
Long-term debt and capital lease liabilities, less current portions and net of deferred financing fees 221,274 173,237
Federal ESPC liabilities 238,617 235,088
Deferred income taxes, net 8,505 584
Deferred grant income 6,912 7,188
Other liabilities 18,496 18,754
Commitments and contingencies (Note 7)
Redeemable non-controlling interests 12,322 10,338
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, no shares issued and outstanding at June 30, 2018 and December 31, 2017 0 0
Additional paid-in capital 119,257 116,196
Retained earnings 247,080 235,844
Accumulated other comprehensive loss, net (4,063) (5,626)
Less - treasury stock, at cost, 2,085,497 shares at June 30, 2018 and 1,873,266 shares at December 31, 2017 (11,571) (9,799)
Total stockholders’ equity 350,708 336,620
Total liabilities, redeemable non-controlling interests and stockholders’ equity 1,044,095 983,951
Common Class A    
Stockholders’ equity:    
Common Stock 3 3
Common Class B    
Stockholders’ equity:    
Common Stock $ 2 $ 2