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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 71,173 $ 98,802
Restricted cash and cash equivalents (primarily related to VIEs) 81,937 78,693
Receivables:    
Trade (primarily related to VIEs) 154,525 137,581
Other 22,048 19,393
Inventories 34,949 45,024
Costs and estimated earnings in excess of billings on uncompleted contracts [1] 38,365 42,130
Prepaid expenses and other 12,667 51,441
Total current assets 415,664 473,064
Investment in unconsolidated companies 81,140 71,983
Deposits and other 38,284 18,209
Deferred income taxes 129,510 113,760
Property, plant and equipment, net 1,971,415 1,959,578
Construction-in-process 376,555 261,690
Operating leases right of use 17,405 0
Finance leases right of use 14,161 0
Deferred financing and lease costs, net 0 3,242
Intangible assets, net 186,220 199,874
Goodwill 20,140 19,950
Total assets [2] 3,250,494 [3] 3,121,350 [4]
Current liabilities:    
Accounts payable and accrued expenses 141,857 116,362
Short term revolving credit lines with banks (full recourse) 40,550 159,000
Commercial paper 50,000 0
Billings in excess of costs and estimated earnings on uncompleted contracts 2,755 18,402
Current portion of long-term debt:    
Senior secured notes 24,473 33,493
Other loans 34,458 29,687
Full recourse 76,572 5,000
Operating lease liabilities 2,743 0
Finance lease liabilities 3,068 0
Total current liabilities 376,476 361,944
Long-term debt, net of current portion:    
Senior secured notes (less deferred financing costs of $6,317 and $7,434, respectively) 339,336 375,337
Other loans (less deferred financing costs of $10,482 and $9,354, respectively) 317,395 320,242
Senior unsecured bonds (less deferred financing costs of $675 and $758, respectively) 286,453 303,575
Other loans (less deferred financing costs of $1,519 and $921, respectively) 68,747 41,579
Operating lease liabilities 14,008 0
Finance lease liabilities 11,209 0
Liability associated with sale of tax benefits 123,468 69,893
Deferred lease income 1,201 48,433
Deferred income taxes 97,126 61,323
Liability for unrecognized tax benefits 14,643 11,769
Liabilities for severance pay 18,751 17,994
Asset retirement obligation 50,183 39,475
Other long-term liabilities 6,838 16,087
Total liabilities 1,725,834 1,667,651
Commitments and contingencies (Note 22)
Redeemable noncontrolling interest 9,250 8,603
Equity:    
Common stock, par value $0.001 per share; 200,000,000 shares authorized; 51,031,652 and 50,699,781 issued and outstanding as of December 31, 2019 and December 31, 2018, respectively 51 51
Additional paid-in capital 913,150 901,363
Retained earnings 487,873 422,222
Accumulated other comprehensive loss (8,654) (3,799)
Total stockholders' equity attributable to Company's stockholders 1,392,420 1,319,837
Noncontrolling interest 122,990 125,259
Total equity 1,515,410 1,445,096
Total liabilities, redeemable noncontrolling interest and equity $ 3,250,494 $ 3,121,350
[1] Contract assets and contract liabilities are presented as "Costs and estimated earnings in excess of billings on uncompleted contracts" and "Billings in excess of costs and estimated earnings on uncompleted contracts", respectively, on the consolidated balance sheets. The contract liabilities balance at the beginning of the year was fully recognized as product revenues during the years ended December 31, 2019 and 2018 as a result of performance obligations satisfied.
[2] Electricity segment assets include goodwill in the amount of $20.1 million, $20.0 million and $7.6 as of December 31, 2019, 2018 and 2017, respectively. No goodwill is included in the Product and Energy Storage and Management Services segment assets as of December 31, 2019 and 2018. Energy Storage and Management Services segment assets as December 31, 2017 include goodwill in the amount of $13.5 million. For further information on goodwill, see Note 9 - Intangible assets and goodwill to the consolidated financial statements.
[3] Including unconsolidated investments 81,140 — — 81,140
[4] Including unconsolidated investments 34,084 — — 34,084