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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 94,395 $ 195,808
Restricted cash and cash equivalents (primarily related to VIEs) 111,377 91,962
Receivables:    
Trade less allowance for credit losses of $224 and $90, respectively (primarily related to VIEs) 164,050 208,704
Other 50,792 44,530
Inventories 38,092 45,037
Costs and estimated earnings in excess of billings on uncompleted contracts 29,243 18,367
Prepaid expenses and other 59,173 41,595
Total current assets 547,122 646,003
Investment in unconsolidated companies 144,585 125,439
Deposits and other 75,383 44,631
Deferred income taxes 153,936 152,570
Property, plant and equipment, net ($3,271,248 and $2,802,920 related to VIEs, respectively) 3,501,886 2,998,949
Construction-in-process ($251,442 and $376,602 related to VIEs, respectively) 755,589 814,967
Operating leases right of use ($13,989 and $9,326 related to VIEs, respectively) 32,114 24,057
Finance leases right of use (none related to VIEs) 2,841 3,510
Intangible assets, net 301,745 307,609
Goodwill 151,023 90,544
Total assets 5,666,224 5,208,279
Current liabilities:    
Accounts payable and accrued expenses 234,334 214,518
Short term revolving credit lines with banks (full recourse) 0 20,000
Commercial paper (less deferred financing costs of $23 and $29, respectively) 99,977 99,971
Billings in excess of costs and estimated earnings on uncompleted contracts 23,091 18,669
Current portion of long-term debt:    
Limited and non-recourse (primarily related to VIEs): 70,262 57,207
Full recourse 161,313 116,864
Financing liability 4,093 5,141
Operating lease liabilities 3,633 3,329
Finance lease liabilities 1,375 1,313
Total current liabilities 598,078 537,012
Long-term debt, net of current portion:    
Limited and non-recourse (primarily related to VIEs and less deferred financing costs of $8,849 and $7,889, respectively) 578,204 447,389
Full recourse (less deferred financing costs of $4,671 and $3,056, respectively) 822,828 698,187
Convertible senior notes (less deferred financing costs of $6,820 and $8,146, respectively) 469,617 423,104
Financing liability 216,476 220,619
Operating lease liabilities 22,523 19,790
Finance lease liabilities 1,529 2,238
Liability associated with sale of tax benefits 152,292 184,612
Deferred income taxes 68,616 66,748
Liability for unrecognized tax benefits 6,272 8,673
Liabilities for severance pay 10,488 11,844
Asset retirement obligation 129,651 114,370
Other long-term liabilities 29,270 22,107
Total liabilities 3,105,844 2,756,693
Commitments and contingencies (Note 20)
Redeemable noncontrolling interest 9,448 10,599
The Company's stockholders' equity:    
Common stock, par value $0.001 per share; 200,000,000 shares authorized; 60,500,580 and 60,358,887 issued and outstanding as of December 31, 2024 and December 31, 2023, respectively 61 60
Additional paid-in capital 1,635,245 1,614,769
Treasury stock, at cost (258,667 shares held as of December 31, 2024 and 2023, respectively) (17,964) (17,964)
Retained earnings 814,518 719,894
Accumulated other comprehensive loss (6,731) (1,332)
Total stockholders' equity attributable to Company's stockholders 2,425,129 2,315,427
Noncontrolling interest 125,803 125,560
Total equity 2,550,932 2,440,987
Total liabilities, redeemable noncontrolling interest and equity $ 5,666,224 $ 5,208,279