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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, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Revenue $ 194,796 $ 169,078 $ 380,028 $ 352,788
Cost of revenues:        
Cost of revenues 145,306 111,477 254,469 225,282
Gross profit 49,490 57,601 125,559 127,506
Operating expenses:        
Research and development expenses 2,083 1,388 3,371 2,452
Selling and marketing expenses 5,369 3,952 9,317 8,317
General and administrative expenses 17,814 13,526 35,481 31,098
Write-off of Energy Storage projects and assets 0 128 0 1,954
Operating income 24,224 38,607 77,390 83,685
Other income (expense):        
Interest income 4,942 179 6,793 521
Interest expense, net (24,393) (20,418) (48,024) (41,499)
Derivatives and foreign currency transaction gains (losses) (1,272) (3,998) (3,209) (3,738)
Income attributable to sale of tax benefits 14,979 9,527 27,545 17,232
Other non-operating income (expense), net 79 (1,260) 139 (1,185)
Income from operations before income tax and equity in earnings of investees 18,559 22,637 60,634 55,016
Income tax (provision) benefit 3,956 (6,130) (4,929) (16,293)
Equity in losses (earnings) of investees 1,996 (1,562) 2,267 (985)
Net income 24,511 14,945 57,972 37,738
Net income attributable to noncontrolling interest (320) (3,685) (4,752) (8,048)
Net income attributable to the Company's stockholders 24,191 11,260 53,220 29,690
Comprehensive income:        
Net income 24,511 14,945 57,972 37,738
Other comprehensive income (loss), net of related taxes:        
Change in foreign currency translation adjustments 393 (3,459) (303) (4,615)
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 1,404 1,543 390 5,445
Change in unrealized gains or losses in respect of a cross currency swap derivative instrument that qualifies as a cash flow hedge 2,477 (2,095) (2,926) (4,000)
Change in unrealized gains or losses on marketable securities available-for-sale (net of related tax) 0 142 0 41
Other changes in comprehensive income 14 15 28 30
Total other comprehensive income (loss), net of related taxes: 4,288 (3,854) (2,811) (3,099)
Comprehensive income 28,799 11,091 55,161 34,639
Comprehensive income attributable to noncontrolling interest (569) (2,842) (4,611) (6,906)
Comprehensive income attributable to the Company's stockholders $ 28,230 $ 8,249 $ 50,550 $ 27,733
Earnings per share attributable to the Company's stockholders:        
Basic: (in dollars per share) $ 0.40 $ 0.20 $ 0.91 $ 0.53
Diluted: (in dollars per share) $ 0.40 $ 0.20 $ 0.90 $ 0.53
Weighted average number of shares used in computation of earnings per share attributable to the Company's stockholders:        
Basic (in shares) 60,245 56,114 58,494 56,089
Diluted (in shares) 60,634 56,498 58,901 56,431
Electricity [Member]        
Revenues:        
Revenue $ 155,324 $ 151,195 $ 325,634 $ 313,720
Cost of revenues:        
Cost of revenues 109,424 95,517 204,182 190,038
Product [Member]        
Revenues:        
Revenue 33,458 10,392 43,500 25,020
Cost of revenues:        
Cost of revenues 29,985 10,367 39,336 23,980
Energy Storage and Management Services [Member]        
Revenues:        
Revenue 6,014 7,491 10,894 14,048
Cost of revenues:        
Cost of revenues $ 5,897 $ 5,593 $ 10,951 $ 11,264