XML 46 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues:        
Electricity $ 39,956 $ 45,066 $ 135,990 $ 99,690
Natural gas 8,854 10,068 43,168 40,775
Total revenues 48,810 55,134 179,158 140,465
Direct cost of revenues (37,359) (45,168) (157,811) (111,480)
Gross profit 11,451 9,966 21,347 28,985
Operating expenses and losses:        
Selling, general and administrative (i) 13,426 [1] 12,137 [1] 27,715 [1] 24,906 [1]
Research and development 2,369 2,592 4,469 5,081
Equity in the net loss of AMSO, LLC    806    1,935
Loss from operations (4,344) (5,569) (10,837) (2,937)
Interest income 99 127 192 292
Financing fees (583) (789) (1,528) (1,795)
Other expense, net (45) (18) (29) (185)
Loss before income taxes (4,873) (6,249) (12,202) (4,625)
(Provision for) benefit from income taxes (134) 81 46 (1,640)
Net loss (5,007) (6,168) (12,156) (6,265)
Net loss (income) attributable to noncontrolling interests 136 267 499 (1,146)
Net loss attributable to Genie Energy Ltd. (4,871) (5,901) (11,657) (7,411)
Dividends on preferred stock (306) (306) (611) (611)
Net loss attributable to Genie Energy Ltd. common stockholders. $ (5,177) $ (6,207) $ (12,268) $ (8,022)
Basic and diluted loss per share attributable to Genie Energy Ltd. common stockholders $ (0.24) $ (0.32) $ (0.58) $ (0.41)
Weighted-average number of shares used in calculation of basic and diluted loss per share 21,174 19,313 21,172 19,427
[1] Stock-based compensation included in selling, general and administrative expenses