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
Sep. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 23,486 $ 17,171
Restricted cash 13,542 15,497
Accounts receivable, net 92,728 82,008
Accounts receivable retainage 14,378 21,019
Costs and estimated earnings in excess of billings 53,318 71,204
Inventory, net 9,050 10,257
Prepaid expenses and other current assets 12,932 14,177
Income tax receivable 7,516 3,971
Deferred income taxes 6,224 4,843
Project development costs 11,565 9,686
Total current assets 244,739 249,833
Federal ESPC receivable 65,335 44,297
Property and equipment, net 7,855 8,699
Project assets, net 216,326 210,744
Deferred financing fees, net 4,594 5,320
Goodwill 61,116 53,074
Intangible assets, net 13,014 10,253
Other assets 21,386 22,440
Total assets 634,365 604,660
Current liabilities:    
Current portion of long-term debt 13,623 12,974
Accounts payable 79,787 88,733
Accrued expenses and other current liabilities 23,501 11,947
Billings in excess of cost and estimated earnings 18,968 16,933
Income taxes payable 0 615
Total current liabilities 135,879 131,202
Long-term debt, less current portion 108,449 103,222
Federal ESPC liabilities 64,833 44,297
Deferred income taxes 15,267 11,318
Deferred grant income 8,980 8,163
Other liabilities 19,760 29,652
Commitments and contingencies (Note 6)      
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, no shares issued and outstanding at September 30, 2014 and December 31, 2013 0 0
Additional paid-in capital 108,625 102,587
Retained earnings 172,823 171,094
Accumulated other comprehensive (loss) income, net (257) 3,112
Non-controlling interest 1 8
Total stockholders’ equity 281,197 276,806
Total liabilities and stockholders’ equity 634,365 604,660
Common Class A
    
Stockholders’ equity:    
Common Stock 3 3
Common Class B
    
Stockholders’ equity:    
Common Stock $ 2 $ 2