Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 16,408 $ 17,171
Restricted cash 12,535 15,497
Accounts receivable, net 74,940 86,008
Accounts receivable retainage 14,422 21,019
Costs and estimated earnings in excess of billings 56,003 71,204
Inventory, net 9,256 10,257
Prepaid expenses and other current assets 12,579 10,177
Income tax receivable 10,646 3,971
Deferred income taxes 6,047 4,843
Project development costs 11,193 9,686
Total current assets 224,029 249,833
Federal ESPC receivable 50,488 44,297
Property and equipment, net 8,213 8,699
Project assets, net 210,256 210,744
Deferred financing fees, net 5,102 5,320
Goodwill 56,460 53,074
Intangible assets, net 9,852 10,253
Other assets 22,583 22,440
Total assets 586,983 604,660
Current liabilities:    
Current portion of long-term debt 13,498 12,974
Accounts payable 73,748 88,733
Accrued expenses and other current liabilities 19,978 11,947
Billings in excess of cost and estimated earnings 15,639 16,933
Income taxes payable 0 615
Total current liabilities 122,863 131,202
Long-term debt, less current portion 91,741 103,222
Federal ESPC liabilities 45,923 44,297
Deferred income taxes 16,180 11,318
Deferred grant income 9,118 8,163
Other liabilities 29,322 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 June 30, 2014 and December 31, 2013 0 0
Additional paid-in capital 104,899 102,587
Retained earnings 165,532 171,094
Accumulated other comprehensive income, net 1,389 3,112
Non-controlling interest 11 8
Total stockholders’ equity 271,836 276,806
Total liabilities and stockholders’ equity 586,983 604,660
Common Class A
    
Stockholders’ equity:    
Common shares 3 3
Common Class B
    
Stockholders’ equity:    
Common shares $ 2 $ 2