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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 68,941 $ 107,978
Short-term investments 12,265 4,867
Accounts receivable (net of allowance for doubtful accounts receivable of $2,345 and $2,760 at June 30, 2015 and December 31, 2014, respectively) 214,027 151,558
Costs and recognized earnings in excess of billings on uncompleted contracts 35,573 28,098
Deferred tax asset - current 1,701 1,701
Inventories 17,796 14,975
Prepaid expenses and other current assets 23,746 22,455
Assets held for sale 8,597 3,865
Total current assets 382,646 335,497
Restricted cash 7,188 6,467
Long-term investments 71,793 48,674
Property, plant and equipment, net 235,862 239,851
Goodwill 29,649 27,990
Other intangible assets, net 27,987 31,144
Deferred tax asset - long-term 20,998 15,811
Other assets 18,429 18,614
Total assets 794,552 724,048
Current liabilities:    
Accounts payable 81,644 79,794
Accrued interconnection costs 31,551 9,717
Accrued payroll and employee benefits 19,222 20,023
Accrued expenses and other current liabilities 51,640 34,042
Billings in excess of costs and recognized earnings on uncompleted contracts 29,859 41,959
Accrued income taxes 912 512
Accrued interest 2,847 3,125
Current portion of long-term debt 12,752 10,444
Current portion of pension liability 6,037 5,966
Total current liabilities 236,464 205,582
Long-term debt 374,321 332,927
Pension liability 28,501 31,244
Other liabilities 7,754 1,617
Total liabilities $ 647,040 $ 571,370
Commitments and contingencies (See Note 11)    
Temporary equity (See Note 13)    
Preferred stock, $0.001 par value - 20,000,000 shares authorized; Series A - 30,000 shares issued and outstanding at June 30, 2015 and December 31, 2014; Series A-1 - 10,000 and 11,000 shares issued and outstanding at June 30, 2015 and December 31, 2014, respectively; Series A-2 - 14,000 and 0 shares issued and outstanding at June 30, 2015 and December 31, 2014, respectively $ 53,013 $ 39,845
Stockholders' equity:    
Common stock, $0.001 par value - 80,000,000 shares authorized; 25,623,982 and 23,844,711 shares issued and 25,592,356 and 23,813,085 shares outstanding at June 30, 2015 and December 31, 2014, respectively 26 24
Additional paid-in capital 150,537 147,081
Accumulated deficit (58,157) (41,880)
Treasury stock, at cost - 31,626 shares at June 30, 2015 and December 31, 2014, respectively (378) (378)
Accumulated other comprehensive loss (20,139) (15,178)
Total HC2 Holdings, Inc. stockholders' equity before noncontrolling interest 71,889 89,669
Noncontrolling interest 22,610 23,164
Total stockholders' equity 94,499 112,833
Total liabilities, temporary equity and stockholders' equity $ 794,552 $ 724,048