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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Revenue $ 208,056 $ 175,885 $ 588,084 $ 528,673
Cost of revenues:        
Cost of revenues 148,053 114,777 402,522 340,059
Gross profit 60,003 61,108 185,562 188,614
Operating expenses:        
Research and development expenses 1,392 1,238 4,763 3,690
Selling and marketing expenses 4,682 4,093 13,999 12,410
General and administrative expenses 14,044 16,057 49,525 47,155
Write-off of Energy Storage project assets and unsuccessful exploration activities 2,318 827 2,318 2,781
Operating income 37,567 38,893 114,957 122,578
Other income (expense):        
Interest income 2,827 1,659 9,620 2,180
Interest expense, net (25,054) (22,403) (73,078) (63,902)
Derivatives and foreign currency transaction gains (losses) (781) (293) (3,990) (4,031)
Income attributable to sale of tax benefits 14,936 9,113 42,481 26,345
Other non-operating income (expense), net 108 673 247 (512)
Income from operations before income tax and equity in earnings of investees 29,603 27,642 90,237 82,658
Income tax (provision) benefit 7,134 (7,227) 2,205 (23,520)
Equity in losses (earnings) of investees (405) (589) 1,862 (1,574)
Net income 36,332 19,826 94,304 57,564
Net income attributable to noncontrolling interest (879) (1,716) (5,631) (9,764)
Net income attributable to the Company's stockholders 35,453 18,110 88,673 47,800
Comprehensive income:        
Net income 36,332 19,826 94,304 57,564
Other comprehensive income (loss), net of related taxes:        
Change in foreign currency translation adjustments (1,220) (3,824) (1,523) (8,439)
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 673 2,916 1,063 8,361
Change in unrealized gains or losses in respect of a cross currency swap derivative instrument that qualifies as a cash flow hedge (4,749) (217) (7,675) (4,217)
Change in unrealized gains or losses on marketable securities available-for-sale (net of related tax) 0 (1) 0 40
Other changes in comprehensive income 12 15 40 45
Total other comprehensive income (loss), net of related taxes: (5,284) (1,111) (8,095) (4,210)
Comprehensive income 31,048 18,715 86,209 53,354
Comprehensive income attributable to noncontrolling interest (655) (934) (5,266) (7,840)
Comprehensive income attributable to the Company's stockholders $ 30,393 $ 17,781 $ 80,943 $ 45,514
Earnings per share attributable to the Company's stockholders:        
Basic: (in dollars per share) $ 0.59 $ 0.32 $ 1.5 $ 0.85
Diluted: (in dollars per share) $ 0.59 $ 0.32 $ 1.49 $ 0.85
Weighted average number of shares used in computation of earnings per share attributable to the Company's stockholders:        
Basic (in shares) 60,299 55,999 59,105 56,058
Diluted (in shares) 60,570 56,457 59,494 56,479
Electricity [Member]        
Revenues:        
Revenue $ 157,212 $ 152,820 $ 482,846 $ 466,540
Cost of revenues:        
Cost of revenues 107,166 97,053 311,348 287,091
Product [Member]        
Revenues:        
Revenue 39,831 14,217 83,331 39,237
Cost of revenues:        
Cost of revenues 32,393 11,664 71,729 35,644
Energy Storage and Management Services [Member]        
Revenues:        
Revenue 11,013 8,848 21,907 22,896
Cost of revenues:        
Cost of revenues $ 8,494 $ 6,060 $ 19,445 $ 17,324