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Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Total revenues $ 211,784 $ 208,056 $ 648,913 $ 588,084
Cost of revenues:        
Total cost of revenues 152,922 148,053 449,855 402,522
Gross profit 58,862 60,003 199,058 185,562
Operating expenses:        
Research and development expenses 1,816 1,392 5,110 4,763
Selling and marketing expenses 4,248 4,682 13,541 13,999
General and administrative expenses 22,973 14,044 60,536 49,525
Other operating income (6,250) 0 (6,250) 0
Write-off of long-lived assets 323 0 1,280 0
Write-off of unsuccessful exploration activities 77 2,318 1,456 2,318
Operating income 35,675 37,567 123,385 114,957
Other income (expense):        
Interest income 2,051 2,827 6,494 9,620
Interest expense, net (34,822) (25,054) (99,506) (73,078)
Derivatives and foreign currency transaction gains (losses) 2,046 (781) 132 (3,990)
Income attributable to sale of tax benefits 19,760 14,936 53,034 42,481
Other non-operating income, net 22 108 122 247
Income from operations before income tax and equity in earnings of investees 24,732 29,603 83,661 90,237
Income tax (provision) benefit 1,193 7,134 4,518 2,205
Equity in earnings (losses) of investees (1,624) (405) 437 1,862
Net income 24,301 36,332 88,616 94,304
Net income attributable to noncontrolling interest (2,219) (879) (5,704) (5,631)
Net income attributable to the Company's stockholders 22,082 35,453 82,912 88,673
Comprehensive income:        
Net income 24,301 36,332 88,616 94,304
Other comprehensive income (loss), net of related taxes:        
Change in foreign currency translation adjustments 4,914 (1,220) 2,485 (1,523)
Change in unrealized gains or losses in respect of the Company's share in derivatives instruments of an unconsolidated investment that qualifies as a cash flow hedge (1,863) 673 (924) 1,063
Change in unrealized gains or losses in respect of a cross currency swap derivative instrument that qualifies as a cash flow hedge   (4,749)    
Other changes in comprehensive income 11 12 36 40
Total other comprehensive income (loss), net of related taxes: (1,988) (5,284) (2,974) (8,095)
Comprehensive income 22,313 31,048 85,642 86,209
Comprehensive income attributable to noncontrolling interest (3,071) (655) (5,992) (5,266)
Comprehensive income attributable to the Company's stockholders $ 19,242 $ 30,393 $ 79,650 $ 80,943
Earnings per share attributable to the Company's stockholders:        
Earnings per share, basic (US Dollar per share) $ 0.37 $ 0.59 $ 1.37 $ 1.50
Earnings per share, diluted (US Dollar per share) $ 0.36 $ 0.59 $ 1.37 $ 1.49
Weighted average number of shares used in computation of earnings per share attributable to the Company's stockholders:        
Weighted average number of shares used in computation of basic earnings per share 60,480,000 60,299,000 60,439,000 59,105,000
Weighted average number of shares used in computation of diluted earnings per share 60,770,000 60,570,000 60,726,000 59,494,000
Cross Currency Swap        
Other comprehensive income (loss), net of related taxes:        
Change in unrealized gains or losses in respect of a cross currency swap derivative instrument that qualifies as a cash flow hedge $ (2,649) $ (4,749) $ (3,277) $ (7,675)
Interest rate swap        
Other comprehensive income (loss), net of related taxes:        
Change in unrealized gains or losses in respect of a cross currency swap derivative instrument that qualifies as a cash flow hedge (2,401) 0 (1,294) 0
Electricity        
Revenues:        
Total revenues 164,638 157,212 522,117 482,846
Cost of revenues:        
Total cost of revenues 114,941 107,166 342,186 311,348
Product        
Revenues:        
Total revenues 37,357 39,831 100,018 83,331
Cost of revenues:        
Total cost of revenues 30,166 32,393 83,982 71,729
Energy Storage and Management Services        
Revenues:        
Total revenues 9,789 11,013 26,778 21,907
Cost of revenues:        
Total cost of revenues $ 7,815 $ 8,494 $ 23,687 $ 19,445