Powersecure International Inc (POWR) financial statements (2022 and earlier)

Company profile

Business Address 1609 HERITAGE COMMERCE COURT
WAKE FOREST, NC 27587
State of Incorp. DE
Fiscal Year End December 31
SIC 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments18,43333,77550,91519,122
Cash and cash equivalents18,43333,77550,91519,122
Receivables138,26081,38189,80157,147
Inventory, net of allowances, customer advances and progress billings64,06235,14416,86420,327
Inventory64,06235,14416,86420,327
Prepaid expense and other current assets1,285
Income taxes receivable3821,045592
Other undisclosed current assets3,4135,7988,497803
Total current assets:224,168156,480167,12299,276
Noncurrent Assets
Property, plant and equipment52,60949,86945,94542,577
Intangible assets, net (including goodwill)53,41253,85238,94114,212
Goodwill41,58240,21030,22612,884
Intangible assets, net (excluding goodwill)11,83013,6428,7151,328
Other noncurrent assets2,4891,8791,240
Prepaid expense and other noncurrent assets635
Other undisclosed noncurrent assets3,1373,1373,1372,447
Total noncurrent assets:111,647108,73789,26359,871
TOTAL ASSETS:335,815265,217256,385159,147
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities143,28787,13360,53242,490
Accounts payable88,37039,69924,29914,150
Accrued liabilities54,91741,11331,19523,887
Employee-related liabilities 6,3215,0384,453
Debt4,4164,7174,6661,046
Restructuring reserve585 
Other undisclosed current liabilities (6,207)(3,826)(3,502)
Total current liabilities:148,28885,64361,37240,034
Noncurrent Liabilities
Long-term debt and lease obligation14,18717,83222,5494,001
Long-term debt, excluding current maturities14,18717,83221,5632,080
Capital lease obligations  9861,921
Liabilities, other than long-term debt7,8528,27314,7305,193
Deferred compensation liability, classified 2,9002,5001,720
Deferred tax liabilities, net2,9111,4608,865955
Other liabilities4,9413,9133,3652,518
Other undisclosed noncurrent liabilities (2,900)(1,853)(1,080)
Total noncurrent liabilities:22,03923,20535,4268,114
Total liabilities:170,327108,84896,79848,148
Stockholders' equity
Stockholders' equity attributable to parent165,488156,369159,587110,559
Common stock225224219182
Additional paid in capital164,429161,163157,401112,738
Accumulated other comprehensive loss(64)(77)(84) 
Retained earnings (accumulated deficit)898(4,941)2,051(2,361)
Stockholders' equity attributable to noncontrolling interest   440
Total stockholders' equity:165,488156,369159,587110,999
TOTAL LIABILITIES AND EQUITY:335,815265,217256,385159,147

Income statement (P&L) ($ in thousands)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues443,701256,657270,234162,039
Cost of revenue
(Cost of Goods and Services Sold)
(342,529)(192,088)(198,651)(110,953)
Gross profit:101,17264,56971,58351,086
Operating expenses(90,140)(74,638)(62,944)(49,216)
Operating income (loss):11,032(10,069)8,6391,870
Nonoperating income6215811,527
Investment income, nonoperating   1,439
Other nonoperating income62158188
Interest and debt expense(1,141)(1,236)(817)(449)
Income (loss) from continuing operations before income taxes:9,897(11,090)7,9032,948
Income tax expense (benefit)(4,058)4,098(3,672)(850)
Income (loss) from continuing operations:5,839(6,992)4,2312,098
Income from discontinued operations   78
Net income (loss):5,839(6,992)4,2312,176
Net income attributable to noncontrolling interest  181902
Net income (loss) available to common stockholders, diluted:5,839(6,992)4,4123,078

Comprehensive Income ($ in thousands)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):5,839(6,992)4,2312,176
Other comprehensive income (loss)137(84) 
Comprehensive income (loss):5,852(6,985)4,1472,176
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  181(902)
Comprehensive income (loss), net of tax, attributable to parent:5,852(6,985)4,3281,274

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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