Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
Jun. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 17,629,963 $ 63,347,645
Restricted cash 26,239,829 26,358,908
Accounts receivable, net 76,760,410 84,124,627
Accounts receivable retainage 24,758,030 23,197,784
Costs and estimated earnings in excess of billings 52,564,885 62,096,284
Inventory, net 11,548,873 9,502,289
Prepaid expenses and other current assets 11,022,225 9,600,619
Income tax receivable 5,760,545 5,385,242
Deferred income taxes 4,480,218 5,190,718
Project development costs 11,458,555 9,038,725
Total current assets 242,223,533 297,842,841
Federal ESPC receivable 60,900,144 91,854,808
Property and equipment, net 9,422,097 9,387,218
Project assets, net 229,428,429 207,274,982
Deferred financing fees, net 6,103,850 5,746,177
Goodwill 55,239,777 48,968,390
Intangible assets, net 11,490,617 9,742,878
Other assets 5,140,628 4,654,709
Total Non Current Assets 377,725,542 377,629,162
Total Assets 619,949,075 675,472,003
Current liabilities:    
Current portion of long-term debt 13,921,986 12,452,678
Accounts payable 67,318,276 101,007,455
Accrued expenses and other current liabilities 10,667,868 13,157,024
Billings in excess of cost and estimated earnings 22,525,255 22,271,655
Total current liabilities 114,433,385 148,888,812
Long-term debt, less current portion 186,354,568 201,922,172
Deferred income taxes 23,273,100 24,888,229
Deferred grant income 7,864,941 7,590,730
Other liabilities 26,001,304 30,362,869
Total Liabilities 243,493,913 264,764,000
Commitments and contingencies (Note 7)      
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, no shares issued and outstanding at June 30, 2013 and December 31, 2012 0 0
Additional paid-in capital 96,024,019 93,141,432
Retained earnings 173,464,894 177,169,717
Accumulated other comprehensive income 1,697,350 713,194
Non-controlling interest 13,047 (27,583)
Less - treasury stock, at cost, 4,833,284 shares (9,182,571) (9,182,571)
Total stockholders’ equity 262,021,777 261,819,191
Liabilities and Stockholders' Equity 619,949,075 675,472,003
Class A Common Stock
    
Stockholders’ equity:    
Common stock, $0.0001 par value 3,238 3,202
Class B Common Stock
    
Stockholders’ equity:    
Common stock, $0.0001 par value $ 1,800 $ 1,800