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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 197,309 $ 71,173
Restricted cash and cash equivalents (primarily related to VIEs) 92,233 81,937
Receivables:    
Trade less allowance for credit losses of $779 and $0, respectively (primarily related to VIEs) 157,497 154,525
Other 23,349 22,048
Inventories 34,384 34,949
Costs and estimated earnings in excess of billings on uncompleted contracts [1] 18,123 38,365
Prepaid expenses and other 9,696 12,667
Total current assets 532,591 415,664
Investment in unconsolidated companies 91,277 81,140
Deposits and other 39,293 38,284
Deferred income taxes 108,145 129,510
Property, plant and equipment, net 2,036,821 1,971,415
Construction-in-process 463,073 376,555
Operating leases right of use 16,762 17,405
Finance leases right of use 12,399 14,161
Intangible assets, net 197,002 186,220
Goodwill 23,584 20,140
Total assets 3,520,947 [2],[3] 3,250,494
Current liabilities:    
Accounts payable and accrued expenses 144,473 141,857
Short term revolving credit lines with banks (full recourse) 0 40,550
Commercial paper 0 50,000
Billings in excess of costs and estimated earnings on uncompleted contracts 7,683 2,755
Current portion of long-term debt:    
Senior secured notes 24,836 24,473
Other loans 35,369 34,458
Full recourse 17,768 76,572
Operating lease liabilities 3,026 2,743
Finance lease liabilities 3,148 3,068
Total current liabilities 236,303 376,476
Long-term debt, net of current portion:    
Senior secured notes (less deferred financing costs of $5,559 and $6,317, respectively) 320,936 339,336
Other loans (less deferred financing costs of $9,091 and $10,482, respectively) 293,415 317,395
Senior unsecured bonds (less deferred financing costs of $2,174 and $675, respectively) 696,868 286,453
Other loans (less deferred financing costs of $1,430 and $1,519, respectively) 64,150 68,747
Operating lease liabilities 13,407 14,008
Finance lease liabilities 9,706 11,209
Liability associated with sale of tax benefits 112,950 123,468
Deferred income taxes 101,886 97,126
Liability for unrecognized tax benefits 12,643 14,643
Liabilities for severance pay 18,132 18,751
Asset retirement obligation 52,193 50,183
Other long-term liabilities 7,812 8,039
Total liabilities 1,940,401 1,725,834
Commitments and contingencies (Note 9)
Redeemable noncontrolling interest 8,743 9,250
Equity:    
Common stock, par value $0.001 per share; 200,000,000 shares authorized; 51,068,590 and 51,031,652 issued and outstanding as of September 30, 2020 and December 31, 2019, respectively 51 51
Additional paid-in capital 920,210 913,150
Retained earnings 534,984 487,873
Accumulated other comprehensive income (loss) (15,503) (8,654)
Total stockholders' equity attributable to Company's stockholders 1,439,742 1,392,420
Noncontrolling interest 132,061 122,990
Total equity 1,571,803 1,515,410
Total liabilities, redeemable noncontrolling interest and equity $ 3,520,947 $ 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. The contract liabilities balance at the beginning of the year was fully recognized as product revenues during the nine months ended September 30, 2020 as a result of performance obligations have been satisfied.
[2] Electricity segment assets include goodwill in the amount of $20.1 million and $19.9 million as of September 30, 2020 and 2019, respectively. ESMS segment assets include goodwill in the amount of $3.5 million and $0 million as of September 30, 2020 and 2019, respectively. No goodwill is included in the Product segment assets as of September 30, 2020 and 2019.
[3] Including unconsolidated investments 91,277 — — 91,277