XML 49 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Revenue $ 183,710 $ 166,352
Cost of revenues:    
Cost of revenues 113,805 92,705
Gross profit 69,905 73,647
Operating expenses:    
Research and development expenses 1,064 876
Selling and marketing expenses 4,365 4,276
General and administrative expenses 17,572 18,606
Write-off of Energy Storage projects and assets 1,826 0
Operating income 45,078 49,889
Other income (expense):    
Interest income 342 263
Interest expense, net (21,081) (19,016)
Derivatives and foreign currency transaction gains (losses) 260 (16,866)
Income attributable to sale of tax benefits 7,705 6,355
Other non-operating income (expense), net 75 (331)
Income from operations before income tax and equity in earnings (losses) of investees 32,379 20,294
Income tax provision (10,163) (3,007)
Equity in earnings (losses) of investees, net 577 542
Net income 22,793 17,829
Net income attributable to noncontrolling interest (4,363) (2,570)
Net income attributable to the Company's stockholders 18,430 15,259
Comprehensive income:    
Net income 22,793 17,829
Other comprehensive income (loss), net of related taxes:    
Change in foreign currency translation adjustments (1,156) (1,826)
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 3,902 3,755
Change in unrealized gains or losses in respect of a cross currency swap derivative instrument that qualifies as a cash flow hedge (1,905) (2,798)
Change in unrealized gains or losses on marketable securities available-for-sale (net of related tax) (101) (20)
Other changes in comprehensive income 15 16
Total other comprehensive income (loss), net of related taxes: 755 (873)
Comprehensive income 23,548 16,956
Comprehensive income attributable to noncontrolling interest (4,064) (1,997)
Comprehensive income attributable to the Company's stockholders $ 19,484 $ 14,959
Earnings per share attributable to the Company's stockholders:    
Basic: (in dollars per share) $ 0.33 $ 0.27
Diluted: (in dollars per share) $ 0.33 $ 0.27
Weighted average number of shares used in computation of earnings per share attributable to the Company's stockholders:    
Basic (in shares) 56,063 55,988
Diluted (in shares) 56,366 56,735
Electricity [Member]    
Revenues:    
Revenue $ 162,525 $ 144,988
Cost of revenues:    
Cost of revenues 94,521 79,851
Product [Member]    
Revenues:    
Revenue 14,628 8,643
Cost of revenues:    
Cost of revenues 13,613 8,074
Energy Storage and Management Services [Member]    
Revenues:    
Revenue 6,557 12,721
Cost of revenues:    
Cost of revenues $ 5,671 $ 4,780