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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Revenue $ 169,078 $ 146,901 $ 352,788 $ 313,253
Cost of revenues:        
Cost of revenues 111,477 94,926 225,282 187,631
Gross profit 57,601 51,975 127,506 125,622
Operating expenses:        
Research and development expenses 1,388 1,128 2,452 2,004
Selling and marketing expenses 3,952 3,988 8,317 8,264
General and administrative expenses 13,526 18,240 31,098 36,846
Write-off of Energy Storage projects and assets 128 0 1,954 0
Operating income 38,607 28,619 83,685 78,508
Other income (expense):        
Interest income 179 808 521 1,071
Interest expense, net (20,418) (18,626) (41,499) (37,642)
Derivatives and foreign currency transaction gains (losses) (3,998) 658 (3,738) (16,208)
Income attributable to sale of tax benefits 9,527 7,420 17,232 13,775
Other non-operating income (expense), net (1,260) (21) (1,185) (352)
Income from operations before income tax and equity in earnings (losses) of investees 22,637 18,858 55,016 39,152
Income tax provision (6,130) (4,268) (16,293) (7,275)
Equity in earnings (losses) of investees, net (1,562) 605 (985) 1,147
Net income 14,945 15,195 37,738 33,024
Net income attributable to noncontrolling interest (3,685) (2,169) (8,048) (4,739)
Net income attributable to the Company's stockholders 11,260 13,026 29,690 28,285
Comprehensive income:        
Net income 14,945 15,195 37,738 33,024
Other comprehensive income (loss), net of related taxes:        
Change in foreign currency translation adjustments (3,459) 416 (4,615) (1,410)
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 1,543 (1,234) 5,445 2,521
Change in unrealized gains or losses in respect of a cross currency swap derivative instrument that qualifies as a cash flow hedge (2,095) 198 (4,000) (2,600)
Change in unrealized gains or losses on marketable securities available-for-sale (net of related tax) 142 9 41 (11)
Other changes in comprehensive income 15 17 30 33
Total other comprehensive income (loss), net of related taxes: (3,854) (594) (3,099) (1,467)
Comprehensive income 11,091 14,601 34,639 31,557
Comprehensive income attributable to noncontrolling interest (2,842) (2,301) (6,906) (4,298)
Comprehensive income attributable to the Company's stockholders $ 8,249 $ 12,300 $ 27,733 $ 27,259
Earnings per share attributable to the Company's stockholders:        
Basic: (in dollars per share) $ 0.20 $ 0.23 $ 0.53 $ 0.51
Diluted: (in dollars per share) $ 0.20 $ 0.23 $ 0.53 $ 0.50
Weighted average number of shares used in computation of earnings per share attributable to the Company's stockholders:        
Basic (in shares) 56,114 55,992 56,089 55,990
Diluted (in shares) 56,498 56,316 56,431 56,502
Electricity [Member]        
Revenues:        
Revenue $ 151,195 $ 133,864 $ 313,720 $ 278,852
Cost of revenues:        
Cost of revenues 95,517 83,736 190,038 163,587
Product [Member]        
Revenues:        
Revenue 10,392 7,410 25,020 16,053
Cost of revenues:        
Cost of revenues 10,367 5,924 23,980 13,998
Energy Storage and Management Services [Member]        
Revenues:        
Revenue 7,491 5,627 14,048 18,348
Cost of revenues:        
Cost of revenues $ 5,593 $ 5,266 $ 11,264 $ 10,046