Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income

v2.4.0.8
Condensed Consolidated Statements of Income (USD $)
 3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenue:        
Energy efficiency revenue $ 85,251,138 $ 119,819,117 $ 155,071,617 $ 233,201,787
Renewable energy revenue 41,001,556 44,280,788 81,316,600 77,471,487
Total revenue 126,252,694 164,099,905 236,388,217 310,673,274
Direct expenses:        
Energy efficiency expenses 69,753,489 97,873,272 125,208,747 187,493,047
Renewable energy expenses 33,116,629 35,068,772 66,278,023 62,798,556
Total direct expenses 102,870,118 132,942,044 191,486,770 250,291,603
Gross profit 23,382,576 31,157,861 44,901,447 60,381,671
Operating expenses:        
Salaries and benefits 10,774,591 11,558,732 21,787,892 25,927,944
Project development costs 5,039,217 3,830,866 9,320,382 8,047,218
General, administrative and other 9,477,788 7,509,639 17,784,690 14,723,095
Total operating expenses 25,291,596 22,899,237 48,892,964 48,698,257
Operating (loss) income (1,909,020) 8,258,624 (3,991,517) 11,683,414
Other expenses, net (Note 9) 448,732 1,412,744 913,045 2,520,483
(Loss) income before (benefit) provision for income taxes (2,357,752) 6,845,880 (4,904,562) 9,162,931
Income tax (benefit) provision (577,001) 2,026,630 (1,199,739) 2,608,517
Net (loss) income $ (1,780,751) $ 4,819,250 $ (3,704,823) $ 6,554,414
Net (loss) income per share attributable to common shareholders:        
Basic (in usd per share) $ (0.04) $ 0.11 $ (0.08) $ 0.15
Diluted (in usd per share) $ (0.04) $ 0.10 $ (0.08) $ 0.14
Weighted average common shares outstanding:        
Basic (in shares) 45,465,529 44,541,025 45,396,765 44,343,059
Diluted (in shares) 45,465,529 46,359,323 45,396,765 46,143,932