XML 16 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Retail revenues $ 194,539 $ 110,019
Net asset optimization (expense)/revenues [1] (194) 527
Total Revenues 194,345 110,546
Operating Expenses:    
Retail cost of revenues [2] 143,698 68,800
General and administrative [3] 24,377 17,380
Depreciation and amortization 9,232 6,789
Total Operating Expenses 177,307 92,969
Operating income 17,038 17,577
Other (expense)/income:    
Interest expense (3,445) (753)
Interest and other income 199 (95)
Total other expenses (3,246) (848)
Income before income tax expense 13,792 16,729
Income tax expense 2,406 988
Net income 11,386 15,741
Less: Net income attributable to non-controlling interests 9,117 11,568
Net income attributable to Spark Energy, Inc. stockholders 2,269 4,173
Other comprehensive loss, net of tax:    
Foreign currency translation adjustment for equity method investee (49) 0
Other comprehensive loss (49) 0
Comprehensive income 11,337 15,741
Less: Comprehensive income attributable to non-controlling interests 9,086 11,568
Comprehensive income attributable to Spark Energy, Inc. stockholders $ 2,251 $ 4,173
Net income attributable to Spark Energy, Inc. per share of Class A common stock (4)    
Basic (in dollars per share) [4] $ 0.32 $ 1.11
Diluted (in dollars per share) [4] $ 0.31 $ 0.68
Weighted average shares of Class A common stock outstanding    
Basic (in shares) 6,498 3,756
Diluted (in shares) 6,634 14,520
[1] Net asset optimization revenues (expenses) includes asset optimization revenues —affiliates of $0 and $113 for the three months ended March 31, 2017 and 2016, respectively, and asset optimization revenues—affiliates cost of revenues of $0 and $1,258 for the three months ended March 31, 2017 and 2016, respectively.
[2] Retail cost of revenues includes retail cost of revenues—affiliates of $0 and less than $100 for the three months ended March 31, 2017 and 2016, respectively.
[3] General and administrative includes general and administrative expense—affiliates of $7,300 and $4,400 for the three months ended March 31, 2017 and 2016, respectively.
[4] In accordance with GAAP, net income attributable to stockholders of Class A common stock is presented net of cumulative Series A Preferred Stock dividends of $183 as of March 31, 2017.