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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 147,448 $ 94,395
Restricted cash and cash equivalents (primarily related to VIEs) 133,418 111,377
Receivables:    
Trade less allowance for credit losses of $308 and $224, respectively (primarily related to VIEs) 164,772 164,050
Other 36,711 50,792
Inventories 45,268 38,092
Costs and estimated earnings in excess of billings on uncompleted contracts 30,011 29,243
Prepaid expenses and other 40,141 59,173
Total current assets 597,769 547,122
Investment in unconsolidated companies 162,111 144,585
Deposits and other (primarily related to VIEs) 137,744 75,383
Deferred income taxes 138,903 153,936
Property, plant and equipment, net ($3,460,079 and $3,271,248 related to VIEs, respectively) 3,672,569 3,501,886
Construction-in-process ($392,644 and $251,442 related to VIEs, respectively) 1,048,174 755,589
Operating leases right of use ($17,236 and $13,989 related to VIEs, respectively) 41,756 32,114
Finance leases right of use (none related to VIEs) 4,690 2,841
Intangible assets, net 274,548 301,745
Goodwill 168,244 151,023
Total assets 6,246,508 5,666,224
Current liabilities:    
Accounts payable and accrued expenses 234,757 234,334
Short term revolving credit lines with banks (full recourse) 80,000 0
Commercial paper (less deferred financing costs of $17 and $23, respectively) 99,983 99,977
Billings in excess of costs and estimated earnings on uncompleted contracts 13,159 23,091
Current portion of long-term debt:    
Limited and non-recourse (primarily related to VIEs): 79,885 70,262
Full recourse 214,207 161,313
Financing liability 9,749 4,093
Operating lease liabilities 4,764 3,633
Finance lease liabilities 1,884 1,375
Total current liabilities 738,388 598,078
Long-term debt, net of current portion:    
Limited and non-recourse (primarily related to VIEs and less deferred financing costs of $13,488 and $8,849, respectively) 645,803 578,204
Full recourse (less deferred financing costs of $4,248 and $4,671, respectively) 1,009,090 822,828
Convertible senior notes (less deferred financing costs of $4,103 and $6,820, respectively) 472,334 469,617
Financing liability 206,647 216,476
Operating lease liabilities 29,760 22,523
Finance lease liabilities 2,850 1,529
Liability associated with sale of tax benefits 190,168 152,292
Deferred income taxes 68,661 68,616
Liability for unrecognized tax benefits 10,378 6,272
Liabilities for severance pay 11,942 10,488
Asset retirement obligation 135,574 129,651
Other long-term liabilities 33,637 29,270
Total liabilities 3,555,232 3,105,844
Commitments and contingencies (Note 20)
Redeemable noncontrolling interest 10,402 9,448
The Company's stockholders' equity:    
Common stock, par value $0.001 per share; 200,000,000 shares authorized; 60,845,411 and 60,500,580 issued and outstanding as of December 31, 2025 and December 31, 2024, respectively 61 61
Additional paid-in capital 1,654,635 1,635,245
Treasury stock, at cost (258,667 shares held as of December 31, 2025 and 2024, respectively) (17,964) (17,964)
Retained earnings 909,343 814,518
Accumulated other comprehensive loss (2,132) (6,731)
Total stockholders' equity attributable to Company's stockholders 2,543,943 2,425,129
Noncontrolling interest 136,931 125,803
Total equity 2,680,874 2,550,932
Total liabilities, redeemable noncontrolling interest and equity $ 6,246,508 $ 5,666,224