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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 95,872 $ 239,278
Marketable securities at fair value 0 43,343
Restricted cash and cash equivalents (primarily related to VIEs) 130,804 104,166
Receivables:    
Trade less allowance for credit losses of $90 and $90, respectively (primarily related to VIEs) 128,818 122,944
Other 32,415 18,144
Inventories 22,832 28,445
Costs and estimated earnings in excess of billings on uncompleted contracts [1] 16,405 9,692
Prepaid expenses and other 29,571 35,920
Total current assets 456,717 601,932
Investment in unconsolidated companies 115,693 105,886
Deposits and other 39,762 78,915
Deferred income taxes 161,365 143,450
Property, plant and equipment, net 2,493,457 2,294,973
Construction-in-process 893,198 721,483
Operating leases right of use 23,411 19,357
Finance leases right of use 3,806 6,414
Intangible assets, net 333,845 363,314
Goodwill 90,325 89,954
Total assets [2],[3] 4,611,579 4,425,678
Current liabilities:    
Accounts payable and accrued expenses 149,423 143,186
Billings in excess of costs and estimated earnings on uncompleted contracts 8,785 9,248
Current portion of long-term debt:    
Limited and non-recourse (primarily related to VIEs): 64,044 61,695
Full recourse 101,460 313,846
Financing liability [4] 16,270 10,835
Operating lease liabilities 2,347 2,564
Finance lease liabilities 1,581 2,782
Total current liabilities 343,910 544,156
Long-term debt, net of current portion:    
Financing liability [4] 225,759 242,029
Operating lease liabilities 19,788 16,462
Finance lease liabilities 2,262 4,361
Liability associated with sale of tax benefits 166,259 134,953
Deferred income taxes 83,465 84,662
Liability for unrecognized tax benefits 6,559 5,730
Liabilities for severance pay 12,833 15,694
Asset retirement obligation 97,660 84,891
Other long-term liabilities 3,317 4,951
Total liabilities 2,581,014 2,417,888
Commitments and contingencies (Note 21)
Redeemable noncontrolling interest 9,590 9,329
Equity:    
Common stock, par value $0.001 per share; 200,000,000 shares authorized; 56,095,918 and 56,056,450 issued and outstanding as of December 31, 2022 and December 31, 2021, respectively 56 56
Additional paid-in capital 1,259,072 1,271,925
Treasury stock, at cost (258,667 and 0 shares held as of December 31, 2022 and 2021, respectively) (17,964) 0
Retained earnings 623,907 585,209
Accumulated other comprehensive gain (loss) 2,500 (2,191)
Total stockholders' equity attributable to Company's stockholders 1,867,571 1,854,999
Noncontrolling interest 153,404 143,462
Total equity 2,020,975 1,998,461
Total liabilities, redeemable noncontrolling interest and equity 4,611,579 4,425,678
Senior Secured Notes [Member]    
Long-term debt, net of current portion:    
Limited and non-recourse (primarily related to VIEs and less deferred financing costs of $10,272 and $11,304, respectively) 521,885 539,664
Senior Unsecured Bonds [Member]    
Long-term debt, net of current portion:    
Full recourse (less deferred financing costs of $2,995 and $3,659, respectively) 676,512 740,335
Convertible Senior Notes [Member]    
Long-term debt, net of current portion:    
Convertible senior notes (less deferred financing costs of $10,445 and $0, respectively) $ 420,805 $ 0
[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 partially recognized as product revenues during the year ended December 31, 2022 as a result of performance obligations that were partially satisfied.
[2] Electricity segment assets include goodwill in the amount of $85.3 million, $20.5 million and $20.1 million as of December 31, 2021, 2020 and 2019, respectively, $65.4 million of which was added in the third quarter of 2021 as a result of the Terra-Gen Transaction as further described under Note 2 to the consolidated financial statements. Energy Storage segment assets include goodwill in the amount of $4.6 million, $4.1 million and $0.0 million as of December 31, 2021, 2020 and 2019, respectively. No goodwill is included in the Product segment assets as of December 31, 2021, 2020 and 2019.
[3] Including unconsolidated investments
[4] the amounts presented exclude deferred financing costs, if any