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Discontinued Operations (Tables)
 9 Months Ended
Sep. 30, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]  
Schedule of assets and liabilities


 

September 30, 2023

 

 

December 31, 2022 


(in thousands)

Assets

 

 

 

 

 

 

Cash

 

$

4,075

 

 

$

1,503

 

Receivables from the settlement of derivative contract—current

 

 

12,337

 

 

 

23,351

 

Current assets of discontinued operations

 

$

16,412

 

 

$

24,854

 










Receivables from the settlement of derivative contract—noncurrent
$ 4,165

$ 12,689
Other noncurrent assets

3,388


3,616
Noncurrent assets of discontinued operations
$ 7,553

$ 16,305









Liabilities 

 

 

 

 

 

 

 

 

Income taxes payable

10,644


10,894

Accounts payable and other current liabilities

 

 

92

 

 

42

Current liabilities of discontinued operations

 

$

10,736

 

 

$

10,936

 










Deferred tax liabilities

668


686
Noncurrent liabilities of discontinued operations
$ 668

$ 686
Schedule of operations of discontinued operations

 


Three Months Ended September 30,


Nine Months Ended September 30,

 


2023


2022


2023


2022

 


(in thousands)



(in thousands)

















Revenues

$ —

$ 4,558

$ —

$ 25,247

Cost of revenues


—


7,042

—


(8,358 )

Gross profit
—

(2,484 )

—


33,605

Selling, general and administrative expenses

— 3,275 — 5,190

Income from operations


—

(5,759 )

—


28,415

Other (loss) income
(395 )

7,792

800


7,792

Income before income taxes


(395 )

2,033

800


36,207

Provision for income taxes


91

(3,492 )

(314 )

(10,278 )

Net income from discontinued operations, net of taxes

$ (304 )
$ (1,459 )
$ 486

$ 25,929
Income before income taxes attributable to Genie Energy Ltd. $ (395 )
$ 4,836
$ 800

$ 36,206
Schedule of cash flows of discontinued operations

 




Nine Months Ended September 30,

 




2023


2022

 



(in thousands)











Net income
$ 486

$ 25,929

Non-cash items




1,170

1,546

Changes in assets and liabilities



17,805


(19,325 )

Cash flows provided by operating activities of discontinued operations


$ 19,461

$ 8,150