XML 22 R4.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Net sales:      
Net sales $ 125,582 $ 121,520 $ 114,602
Cost of goods sold:      
Cost of goods sold 114,525 111,428 102,147
Provision for losses on contracts 0 0 385
Total cost of goods sold 114,525 111,428 102,532
Gross profit 11,057 10,092 12,070
Operating expenses:      
General and administrative 12,225 13,994 13,728
Sales, marketing and customer service 2,285 2,944 3,238
Provision (reverse) for doubtful accounts, notes and other receivables (501) 1,693 7,106
Impairment charges on goodwill and intangible assets 0 0 66,458
Impairment charges on property, plant and equipment 0 53 38
Impairment charges on project assets 0 687 13,102
Total operating expenses 14,009 19,371 103,670
Operating loss (2,952) (9,279) (91,600)
Other income (expense):      
Interest expense (6,665) (8,087) (3,494)
Interest income 320 384 802
Gain on extinguishment of convertible bonds 0 7,121 0
Change in fair value of derivative asset/liability 0 0 (2,328)
Tax penalty 0 (9,670) 0
Gain on troubled debt restructuring 1,887 0 0
Loss on investment in affiliates 0 (2,214) (6,296)
Net foreign exchange gain (loss) 1,118 (5,141) 646
Others 487 509 847
Total other expense, net (2,853) (17,098) (9,823)
Loss from continuing operations before income taxes (5,805) (26,377) (101,423)
Income tax expense 332 137 606
Loss from continuing operations including noncontrolling interests (6,137) (26,514) (102,029)
Loss from discontinued operations, net of tax (6,122) (64,445) (118,939)
Net loss including noncontolling interests (12,259) (90,959) (220,968)
Less: Net income (loss) attributable to noncontrolling interests from continuing operations 31 168 (333)
Less: Net income (loss) attributable to noncontrolling interests from discontinued operations (8) (47) 61
Net loss attributable to shareholders of SPI Energy Co., Ltd. from continuing operations (6,168) (26,682) (101,696)
Net loss attributable to shareholders of SPI Energy Co., Ltd. from discontinued operations (6,114) (64,398) (119,000)
Net loss attributable to shareholders of SPI Energy Co., Ltd. $ (12,282) $ (91,080) $ (220,696)
Net loss from continuing operations per ordinary share basic and diluted $ (0.9) $ (4) $ (16)
Net loss from discontinued operations per ordinary share basic and diluted $ (0.8) $ (9) $ (18)
Weighted average shares outstanding basic and diluted 7,262,023 6,826,633 6,415,616