v3.19.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands |
12 Months Ended |
|
|
|
Net sales: |
|
|
|
Net sales |
$ 125,582
|
$ 121,520
|
$ 114,602
|
Cost of goods sold: |
|
|
|
Cost of goods sold |
114,525
|
111,428
|
102,147
|
Provision for losses on contracts |
0
|
0
|
385
|
Total cost of goods sold |
114,525
|
111,428
|
102,532
|
Gross profit |
11,057
|
10,092
|
12,070
|
Operating expenses: |
|
|
|
General and administrative |
12,225
|
13,994
|
13,728
|
Sales, marketing and customer service |
2,285
|
2,944
|
3,238
|
Provision (reverse) for doubtful accounts, notes and other receivables |
(501)
|
1,693
|
7,106
|
Impairment charges on goodwill and intangible assets |
0
|
0
|
66,458
|
Impairment charges on property, plant and equipment |
0
|
53
|
38
|
Impairment charges on project assets |
0
|
687
|
13,102
|
Total operating expenses |
14,009
|
19,371
|
103,670
|
Operating loss |
(2,952)
|
(9,279)
|
(91,600)
|
Other income (expense): |
|
|
|
Interest expense |
(6,665)
|
(8,087)
|
(3,494)
|
Interest income |
320
|
384
|
802
|
Gain on extinguishment of convertible bonds |
0
|
7,121
|
0
|
Change in fair value of derivative asset/liability |
0
|
0
|
(2,328)
|
Tax penalty |
0
|
(9,670)
|
0
|
Gain on troubled debt restructuring |
1,887
|
0
|
0
|
Loss on investment in affiliates |
0
|
(2,214)
|
(6,296)
|
Net foreign exchange gain (loss) |
1,118
|
(5,141)
|
646
|
Others |
487
|
509
|
847
|
Total other expense, net |
(2,853)
|
(17,098)
|
(9,823)
|
Loss from continuing operations before income taxes |
(5,805)
|
(26,377)
|
(101,423)
|
Income tax expense |
332
|
137
|
606
|
Loss from continuing operations including noncontrolling interests |
(6,137)
|
(26,514)
|
(102,029)
|
Loss from discontinued operations, net of tax |
(6,122)
|
(64,445)
|
(118,939)
|
Net loss including noncontolling interests |
(12,259)
|
(90,959)
|
(220,968)
|
Less: Net income (loss) attributable to noncontrolling interests from continuing operations |
31
|
168
|
(333)
|
Less: Net income (loss) attributable to noncontrolling interests from discontinued operations |
(8)
|
(47)
|
61
|
Net loss attributable to shareholders of SPI Energy Co., Ltd. from continuing operations |
(6,168)
|
(26,682)
|
(101,696)
|
Net loss attributable to shareholders of SPI Energy Co., Ltd. from discontinued operations |
(6,114)
|
(64,398)
|
(119,000)
|
Net loss attributable to shareholders of SPI Energy Co., Ltd. |
$ (12,282)
|
$ (91,080)
|
$ (220,696)
|
Net loss from continuing operations per ordinary share basic and diluted |
$ (0.9)
|
$ (4)
|
$ (16)
|
Net loss from discontinued operations per ordinary share basic and diluted |
$ (0.8)
|
$ (9)
|
$ (18)
|
Weighted average shares outstanding basic and diluted |
7,262,023
|
6,826,633
|
6,415,616
|
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