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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 231,149 $ 71,173
Restricted cash and cash equivalents (primarily related to VIEs) 88,627 81,937
Receivables:    
Trade less allowance for credit losses of $779 and $0, respectively (primarily related to VIEs) 168,924 154,525
Other 27,718 22,048
Inventories 34,107 34,949
Costs and estimated earnings in excess of billings on uncompleted contracts [1] 22,305 38,365
Prepaid expenses and other 11,456 12,667
Total current assets 584,286 415,664
Investment in unconsolidated companies 76,008 81,140
Deposits and other 37,734 38,284
Deferred income taxes 118,682 129,510
Property, plant and equipment, net 1,981,086 1,971,415
Construction-in-process 413,789 376,555
Operating leases right of use 17,611 17,405
Finance leases right of use 14,149 14,161
Intangible assets, net 182,305 186,220
Goodwill 19,963 20,140
Total assets 3,445,613 [2],[3] 3,250,494
Current liabilities:    
Accounts payable and accrued expenses 140,867 141,857
Short term revolving credit lines with banks (full recourse) 270,500 40,550
Commercial paper 8,275 50,000
Billings in excess of costs and estimated earnings on uncompleted contracts 5,937 2,755
Current portion of long-term debt:    
Senior secured notes 24,617 24,473
Other loans 34,408 34,458
Full recourse 76,572 76,572
Operating lease liabilities 2,974 2,743
Finance lease liabilities 3,169 3,068
Total current liabilities 567,319 376,476
Long-term debt, net of current portion:    
Senior secured notes (less deferred financing costs of $6,049 and $6,317, respectively) 331,077 339,336
Other loans (less deferred financing costs of $9,872 and $10,482, respectively) 309,588 317,395
Senior unsecured bonds (less deferred financing costs of $623 and $675, respectively) 286,505 286,453
Other loans (less deferred financing costs of $1,475 and $1,519, respectively) 68,789 68,747
Operating lease liabilities 14,035 14,008
Finance lease liabilities 11,230 11,209
Liability associated with sale of tax benefits 121,627 123,468
Deferred income taxes 100,969 97,126
Liability for unrecognized tax benefits 14,560 14,643
Liabilities for severance pay 18,208 18,751
Asset retirement obligation 50,786 50,183
Other long-term liabilities 7,867 8,039
Total liabilities 1,902,560 1,725,834
Commitments and contingencies (Note 9)
Redeemable noncontrolling interest 9,402 9,250
Equity:    
Common stock, par value $0.001 per share; 200,000,000 shares authorized; 51,035,718 and 51,031,652 issued and outstanding as of March 31, 2020 and December 31, 2019, respectively 51 51
Additional paid-in capital 915,139 913,150
Retained earnings 507,537 487,873
Accumulated other comprehensive income (loss) (13,662) (8,654)
Total stockholders' equity attributable to Company's stockholders 1,409,065 1,392,420
Noncontrolling interest 124,586 122,990
Total equity 1,533,651 1,515,410
Total liabilities, redeemable noncontrolling interest and equity $ 3,445,613 $ 3,250,494
[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.
[2] Electricity segment assets include goodwill in the amount of $20.0 million and $20.1 million as of March 31, 2020 and 2019, respectively. No goodwill is included in the Product and ESMS segment assets as of March 31, 2020 and 2019.
[3] Including unconsolidated investments 76,008 76,008