Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 20,740 $ 17,171
Restricted cash 15,815 15,497
Accounts receivable, net 76,420 86,008
Accounts receivable retainage 15,250 21,019
Costs and estimated earnings in excess of billings 49,754 71,204
Inventory, net 9,231 10,257
Prepaid expenses and other current assets 8,815 10,177
Income tax receivable 8,321 3,971
Deferred income taxes 4,843 4,843
Project development costs 11,161 9,686
Total current assets 220,350 249,833
Federal ESPC receivable 47,345 44,297
Property and equipment, net 8,254 8,699
Project assets, net 214,639 210,744
Deferred financing fees, net 5,301 5,320
Goodwill 53,659 53,074
Intangible assets, net 8,483 10,253
Other assets 23,066 22,440
Total assets 581,097 604,660
Current liabilities:    
Current portion of long-term debt 13,734 12,974
Accounts payable 65,598 88,733
Accrued expenses and other current liabilities 12,243 11,947
Billings in excess of cost and estimated earnings 13,723 16,933
Income taxes payable 0 615
Total current liabilities 105,298 131,202
Long-term debt, less current portion 107,476 103,222
Federal ESPC liabilities 47,820 44,297
Deferred income taxes 14,707 11,318
Deferred grant income 8,041 8,163
Other liabilities 29,574 29,652
Commitments and contingencies (Note 5)      
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, no shares issued and outstanding at March 31, 2014 and December 31, 2013 0 0
Additional paid-in capital 103,625 102,587
Retained earnings 162,813 171,094
Accumulated other comprehensive income, net 1,726 3,112
Non-controlling interest 12 8
Total stockholders’ equity 268,181 276,806
Total liabilities and stockholders’ equity 581,097 604,660
Common Class A
    
Stockholders’ equity:    
Common stock, $0.0001 par value 3 3
Common Class B
    
Stockholders’ equity:    
Common stock, $0.0001 par value $ 2 $ 2