Geothermal Company

Balance Sheet

 2013 Y2014 Y2015 Y2016 Y2017 Q1 YTD
Source Document12/31/201412/31/201512/31/20163/31/20173/31/2017
(in thousands)     
Current assets 
Cash and cash equivalents 57,35440,230185,919230,214174,138
Restricted cash and cash equivalents (primarily related to VIEs) 51,06593,24849,50334,26259,879
Trade 95,36548,60955,30180,80768,920
Related entity 442451NANANA
Other 11,04910,1417,88517,48210,976
Due from Parent 3821,337NANANA
Inventories 22,28916,93018,07412,00017,804
Costs and estimated earnings in excess of billings on uncompleted contracts 21,21727,79325,12052,19856,550
Deferred income taxes 523251NANANA
Prepaid expenses and other 29,65434,88433,33445,86740,482
Total current assets 289,340273,874375,136472,830428,749
Investment in an unconsolidated company NANANA02,806
Unconsolidated investments 7,076NANANANA
Deposits and other 22,11420,04417,96818,55320,075
Deferred income taxes 891NANANANA
Deferred charges 36,73837,56742,81143,77343,960
Property, plant and equipment, net 1,452,3361,437,6371,559,3351,556,3781,542,687
Construction-in-process 288,827296,722248,835306,709351,636
Deferred financing and lease costs, net 30,17827,0574,0223,9233,465
Intangible assets, net 31,93328,65525,87552,75386,800
Goodwill NANA06,65019,710
Total assets 2,159,4332,121,5562,273,9822,461,5692,499,888
Current liabilities 
Accounts payable and accrued expenses 98,04788,27691,95591,65095,518
Deferred income taxes 0974NANANA
Short term revolving credit lines with banks (full recourse) 020,300NA030,000
Billings in excess of costs and estimated earnings on uncompleted contracts 7,90324,72433,89231,63017,595
Current portion of long-term debt 
Limited and non-recourse (primarily related to VIEs) 
Senior secured notes 31,13734,36829,93032,23432,285
Other loans 20,37717,99521,49521,49521,495
Full recourse 28,87519,11611,22912,24210,598
Total current liabilities 186,339205,753188,501189,251207,491
Long-term debt, net of current portion 
Limited and non-recourse (primarily related to VIEs) 
Senior secured notes (less deferred financing costs) 270,310360,366294,476350,388344,397
Other loans (less deferred financing costs) 311,078264,625275,888261,845256,787
Full recourse 
Senior unsecured bonds (less deferred financing costs) NANA249,698203,577203,649
Senior unsecured bonds (plus unamortized premium) 250,596250,289NANANA
Other loans 53,46734,35118,687NANA
Revolving credit lines with banks (full recourse) 112,017NANANANA
Unconsolidated investments 0NANANANA
Other loans (less deferred financing costs) NANANA57,06356,890
Investment in an unconsolidated company in excess of accumulated losses NA3,6178,10011,0810
Liability associated with sale of tax benefits 60,98539,02111,66554,66251,122
Deferred lease income 63,49660,56058,09954,56153,798
Deferred income taxes 55,03566,22032,65435,38242,283
Liability for unrecognized tax benefits 4,9507,51110,3855,7386,312
Liabilities for severance pay 23,84120,39919,32318,60019,530
Asset retirement obligation 18,67919,14220,85623,34823,803
Other long-term liabilities 3,5292,9561,77621,29432,130
Total liabilities 1,414,3221,334,8101,190,1081,286,7901,298,192
Reedemable noncontrolling interest NANA04,7725,195
The Company's stockholders' equity 
Common stock 4646495050
Additional paid-in capital 735,295742,006849,223869,463871,176
Retained earnings (3,088)41,539148,396216,644243,508
Accumulated other comprehensive income (loss) 487(8,668)(7,667)(7,732)(7,076)
Total 732,740774,923990,0011,078,4251,107,658
Noncontrolling interest 12,37111,82393,87391,58288,843
Total equity 745,111786,7461,083,8741,170,0071,196,501
Total liabilities and equity 2,159,4332,121,5562,273,9822,461,5692,499,888

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.

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