XML 224 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Total consolidated revenues $ 184,023 $ 189,898 [1]
Cost of revenues:    
Cost of revenues 110,651 115,488
Gross profit 73,372 74,410
Operating expenses:    
Research and development expenses 1,108 602
Selling and marketing expenses 3,699 4,363
General and administrative expenses 13,849 9,949
Write-off of unsuccessful exploration activities 123 0
Operating income 54,593 59,496 [1]
Other income (expense):    
Interest income 113 244
Interest expense, net (14,344) (14,923)
Derivatives and foreign currency transaction gains (losses) (1,599) 1,338
Income attributable to sale of tax benefits 7,361 6,157
Other non-operating expense, net (20) (92)
Income from continuing operations before income taxes and equity in earnings (losses) of investees 46,104 52,220
Income tax (provision) benefit 26,942 (11,004)
Equity in earnings (losses) of investees, net 1,210 (1,599)
Income from continuing operations 74,256 39,617
Net income attributable to noncontrolling interest (4,748) (4,423)
Net income attributable to the Company's stockholders 69,508 35,194
Comprehensive income:    
Net income 74,256 39,617
Other comprehensive income (loss), net of related taxes:    
Change in foreign currency translation adjustments 1,528
Change in unrealized gains or losses in respect of the Company's share in derivatives instruments of unconsolidated investment 2,634 569
Loss in respect of derivative instruments designated for cash flow hedge 20 48
Amortization of unrealized gains in respect of derivative instruments designated for cash flow hedge (15) (24)
Comprehensive income 78,423 40,210
Comprehensive income attributable to noncontrolling interest (5,118) (4,412)
Comprehensive income attributable to the Company's stockholders $ 73,305 $ 35,798
Basic:    
Net income (in dollars per share) $ 1.37 $ 0.71
Diluted:    
Net income (in dollars per share) $ 1.36 $ 0.70
Weighted average number of shares used in computation of earnings per share attributable to the Company's stockholders:    
Basic (in shares) 50,614 49,680
Diluted (in shares) 51,051 50,491
Dividend per share declared (in dollars per share) $ 0.23 $ 0.17
Electricity [Member]    
Revenues:    
Total consolidated revenues $ 132,489 $ 115,776
Cost of revenues:    
Cost of revenues 73,482 66,036
Product [Member]    
Revenues:    
Revenues 48,672 74,122
Cost of revenues:    
Cost of revenues 33,726 49,452
Other Revenue [Member]    
Revenues:    
Revenues 2,862
Cost of revenues:    
Cost of revenues $ 3,443
[1] The amounts related to the Other segment are immaterial.