XML 145 R4.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues:      
Revenue [1] $ 663,084 $ 705,342 $ 746,044
Cost of revenues:      
Cost of revenues 398,746 429,067 476,721
Gross profit 264,338 276,275 269,323
Operating expenses:      
Research and development expenses 4,129 5,395 4,647
Selling and marketing expenses 15,199 17,384 15,047
General and administrative expenses 75,901 60,226 55,833
Business interruption insurance income (248) (20,743) 0
Operating income 169,357 214,013 193,796
Other income (expense):      
Interest income 2,124 1,717 1,515
Interest expense, net (82,658) (77,953) (80,384)
Derivatives and foreign currency transaction gains (losses) (14,720) 3,802 624
Income attributable to sale of tax benefits 29,582 25,720 20,872
Other non-operating income (expense), net (134) 1,418 880
Income from operations before income tax and equity in earnings (losses) of investees 103,551 168,717 137,303
Income tax provision (24,850) (67,003) (45,613)
Equity in earnings (losses) of investees, net (2,624) 92 1,853
Net income 76,077 101,806 93,543
Net income attributable to noncontrolling interest (13,985) (16,350) (5,448)
Net income attributable to the Company's stockholders 62,092 85,456 88,095
Comprehensive income:      
Net income 76,077 101,806 93,543
Other comprehensive income (loss), net of related taxes:      
Change in foreign currency translation adjustments (3,236) 3,813 (1,810)
Change in unrealized gains or losses in respect of the Company's share in derivatives instruments of unconsolidated investment that qualifies as a cash flow hedge 3,892 (3,975) (3,417)
Change in unrealized gains or losses in respect of a cross currency swap derivative instrument that qualifies as a cash flow hedge (net of related tax) 2,379 3,366 0
Change in unrealized gains or losses on marketable securities available-for-sale (net of related tax) (40) 0 0
Other changes in comprehensive income 228 274 44
Comprehensive income 79,300 105,284 88,360
Comprehensive income attributable to noncontrolling interest (12,779) (17,794) (5,120)
Comprehensive income attributable to the Company's stockholders $ 66,521 $ 87,490 $ 83,240
Earnings per share attributable to the Company's stockholders:      
Basic: (in dollars per share) $ 1.11 $ 1.66 $ 1.73
Diluted: (in dollars per share) $ 1.10 $ 1.65 $ 1.72
Weighted average number of shares used in computation of earnings per share attributable to the Company's stockholders:      
Basic (in shares) 56,004 51,567 50,867
Diluted (in shares) 56,402 51,937 51,227
Electricity [Member]      
Revenues:      
Revenue $ 585,771 $ 541,393 $ 540,333
Cost of revenues:      
Cost of revenues 337,019 300,059 312,835
Product [Member]      
Revenues:      
Revenue 46,920 148,125 191,009
Cost of revenues:      
Cost of revenues 41,374 114,948 145,974
Energy Storage and Management Services [Member]      
Revenues:      
Revenue 30,393 15,824 14,702
Cost of revenues:      
Cost of revenues $ 20,353 $ 14,060 $ 17,912
[1] Revenues as reported in the geographic area in which they originate.