Geothermal Company

Balance Sheet

 2013 Y2014 Y2015 Y2016 Y
Source Document12/31/201412/31/201512/31/201612/31/2016
(in thousands)    
Current assets 
Cash and cash equivalents 57,35440,230185,919230,214
Restricted cash and cash equivalents (primarily related to VIEs) 51,06593,24849,50334,262
Trade 95,36548,60955,30180,807
Related entity 442451NANA
Other 11,04910,1417,88517,482
Due from Parent 3821,337NANA
Inventories 22,28916,93018,07412,000
Costs and estimated earnings in excess of billings on uncompleted contracts 21,21727,79325,12052,198
Deferred income taxes 523251NANA
Prepaid expenses and other 29,65434,88433,33445,867
Total current assets 289,340273,874375,136472,830
Unconsolidated investments 7,076NANANA
Deposits and other 22,11420,04417,96818,553
Deferred income taxes 891NANANA
Deferred charges 36,73837,56742,81143,773
Property, plant and equipment, net 1,452,3361,437,6371,559,3351,556,378
Construction-in-process 288,827296,722248,835306,709
Deferred financing and lease costs, net 30,17827,0574,0223,923
Intangible assets, net 31,93328,65525,87552,753
Goodwill NANA06,650
Total assets 2,159,4332,121,5562,273,9822,461,569
Current liabilities 
Accounts payable and accrued expenses 98,04788,27691,95591,650
Deferred income taxes 0974NANA
Short term revolving credit lines with banks (full recourse) 020,300NANA
Billings in excess of costs and estimated earnings on uncompleted contracts 7,90324,72433,89231,630
Current portion of long-term debt 
Limited and non-recourse (primarily related to VIEs) 
Senior secured notes 31,13734,36829,93032,234
Other loans 20,37717,99521,49521,495
Full recourse 28,87519,11611,22912,242
Total current liabilities 186,339205,753188,501189,251
Long-term debt, net of current portion 
Limited and non-recourse (primarily related to VIEs) 
Senior secured notes 270,310360,366294,476350,388
Other loans 311,078264,625275,888261,845
Full recourse 
Senior unsecured bonds NANA249,698203,577
Senior unsecured bonds (plus unamortized premium) 250,596250,289NANA
Other loans 53,46734,35118,68757,063
Revolving credit lines with banks (full recourse) 112,017NANANA
Unconsolidated investments 0NANANA
Accumulated losses of unconsolidated company in excess of investment NA3,6178,10011,081
Liability associated with sale of tax benefits 60,98539,02111,66554,662
Deferred lease income 63,49660,56058,09954,561
Deferred income taxes 55,03566,22032,65435,382
Liability for unrecognized tax benefits 4,9507,51110,3855,738
Liabilities for severance pay 23,84120,39919,32318,600
Asset retirement obligation 18,67919,14220,85623,348
Other long-term liabilities 3,5292,9561,77621,294
Total liabilities 1,414,3221,334,8101,190,1081,286,790
Redeemable nonconrolling interest NANA04,772
The Company's stockholders' equity 
Common stock 46464950
Additional paid-in capital 735,295742,006849,223869,463
Retained earnings (3,088)41,539148,396216,644
Accumulated other comprehensive income (loss) 487(8,668)(7,667)(7,732)
Total 732,740774,923990,0011,078,425
Noncontrolling interest 12,37111,82393,87391,582
Total equity 745,111786,7461,083,8741,170,007
Total liabilities and equity 2,159,4332,121,5562,273,9822,461,569

Data shown on this page is extracted directly from the company’s documents. SNL makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, SNL, as always, stands by its commitment to the quality of the data.

Copyright 2017, © S&P Global Market Intelligence  Terms of Use