Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:    
Net loss $ (8,281) $ (1,924)
Adjustments to reconcile net loss to cash flows from operating activities:    
Depreciation of project assets 3,637 4,010
Depreciation of property and equipment 694 797
Amortization of deferred financing fees 299 84
Amortization of intangible assets 818 891
Provision for bad debts 244 42
Unrealized gain on interest rate swaps (129) (389)
Stock-based compensation expense 718 671
Deferred income taxes 3,833 (1,049)
Excess tax benefits from stock-based compensation arrangements 0 (139)
Changes in operating assets and liabilities:    
Restricted cash (508) (398)
Accounts receivable 8,847 (4,186)
Accounts receivable retainage 5,565 1,202
Federal ESPC receivable (3,047) (9,674)
Inventory 1,026 (1,992)
Costs and estimated earnings in excess of billings 21,229 18,620
Prepaid expenses and other current assets 1,221 876
Project development costs (1,478) (1,645)
Other assets (2,087) 154
Accounts payable, accrued expenses and other current liabilities (22,101) (38,098)
Billings in excess of cost and estimated earnings (3,137) 962
Other liabilities (40) (1,369)
Income taxes payable (4,971) (1,066)
Cash flows from operating activities 2,352 (33,620)
Cash flows from investing activities:    
Purchases of property and equipment (266) (1,094)
Purchases of project assets (8,331) (12,856)
Grant awards received on project assets 0 1,291
Acquisitions, net of cash received 0 (1,808)
Cash flows from investing activities (8,597) (14,467)
Cash flows from financing activities:    
Excess tax benefits from stock-based compensation arrangements 0 139
Payments of financing fees (287) (40)
Proceeds from exercises of options 320 855
Proceeds from senior secured credit facility 8,000 0
Proceeds from Federal ESPC projects 3,522 6,555
Non-controlling interest 4 (65)
Restricted cash 183 722
Payments on long-term debt (2,720) (3,806)
Cash flows from financing activities 9,022 4,360
Effect of exchange rate changes on cash 792 1,342
Cash and cash equivalents, beginning of period 3,569 (42,385)
Cash and cash equivalents, end of period 20,740 20,963
Supplemental Cash Flow Information [Abstract]    
Cash paid for interest 1,730 1,256
Cash paid for income taxes 834 221
Noncash ESPC receivable financing $ 0 $ 8,549