Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
Sep. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 26,176,800 $ 26,277,366
Restricted cash 15,771,219 12,372,356
Accounts receivable, net 103,092,925 109,296,773
Accounts receivable retainage 21,059,147 26,089,216
Costs and estimated earnings in excess of billings 63,136,398 69,251,022
Inventory, net 7,093,211 8,635,633
Prepaid expenses and other current assets 8,310,732 8,992,963
Income tax receivable 7,851,575 9,662,771
Deferred income taxes 7,409,218 6,456,671
Project development costs 8,262,787 6,027,689
Total current assets 268,164,012 283,062,460
Federal ESPC receivable 138,557,444 110,212,186
Property and equipment, net 9,245,310 7,086,164
Project assets, net 197,638,679 177,854,734
Deferred financing fees, net 2,812,625 2,994,692
Goodwill 50,317,305 47,881,346
Intangible assets, net 10,390,246 12,727,528
Other assets 4,573,877 3,778,357
Total Non Current Assets 413,535,486 362,535,007
Total Assets 681,699,498 645,597,467
Current liabilities:    
Current portion of long-term debt 11,363,774 11,563,983
Accounts payable 79,153,405 93,506,089
Accrued expenses and other current liabilities 12,827,600 8,917,723
Book overdraft 0 7,297,122
Billings in excess of cost and estimated earnings 28,246,514 26,982,858
Total current liabilities 131,591,293 148,267,775
Long-term debt, less current portion 223,977,467 196,401,588
Deferred income taxes 29,526,453 29,953,103
Deferred grant income 6,694,046 6,024,099
Other liabilities 30,860,993 28,529,867
Total Liabilities 291,058,959 260,908,657
Commitments and Contingencies (Note 7)      
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, no shares issued and outstanding at December 31, 2011 and June 30, 2012 0 0
Additional paid-in capital 93,987,142 86,067,852
Retained earnings 174,780,969 161,335,621
Accumulated other comprehensive loss (612,594) (1,868,352)
Minority interest 71,314 63,614
Less - treasury stock, at cost, 4,833,284 shares, respectively (9,182,571) (9,182,571)
Total stockholders' equity 259,049,246 236,421,035
Liabilities and Stockholders' Equity 681,699,498 645,597,467
Class A Common Stock
    
Stockholders’ equity:    
Common stock, $0.0001 par value 3,186 3,071
Class B Common Stock
    
Stockholders’ equity:    
Common stock, $0.0001 par value $ 1,800 $ 1,800