XML 44 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
COMBINED AND CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 4,359us-gaap_CashAndCashEquivalentsAtCarryingValue $ 7,189us-gaap_CashAndCashEquivalentsAtCarryingValue
Restricted cash 707us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue 0us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue
Accounts receivable, net of allowance for doubtful accounts of $8.0 million and $1.2 million as of December 31, 2014 and 2013, respectively 63,797us-gaap_AccountsReceivableNetCurrent 62,678us-gaap_AccountsReceivableNetCurrent
Accounts receivable-affiliates 1,231us-gaap_DueFromRelatedPartiesCurrent 6,794us-gaap_DueFromRelatedPartiesCurrent
Inventory 8,032us-gaap_InventoryNet 4,322us-gaap_InventoryNet
Fair value of derivative assets 216us-gaap_DerivativeInstrumentsAndHedges 8,071us-gaap_DerivativeInstrumentsAndHedges
Customer acquisition costs, net 12,369spke_DeferredAdvertisingCostsCurrent 4,775spke_DeferredAdvertisingCostsCurrent
Intangible assets - customer acquisitions, net 486us-gaap_IntangibleAssetsCurrent 0us-gaap_IntangibleAssetsCurrent
Prepaid assets 1,236us-gaap_PrepaidExpenseCurrent 1,032us-gaap_PrepaidExpenseCurrent
Deposits 10,569us-gaap_DepositsAssetsCurrent 3,529us-gaap_DepositsAssetsCurrent
Other current assets 2,987us-gaap_OtherAssetsCurrent 2,901us-gaap_OtherAssetsCurrent
Total current assets 105,989us-gaap_AssetsCurrent 101,291us-gaap_AssetsCurrent
Property and equipment, net 4,221us-gaap_PropertyPlantAndEquipmentNet 4,817us-gaap_PropertyPlantAndEquipmentNet
Fair value of derivative assets 0us-gaap_DerivativeInstrumentsAndHedgesNoncurrent 6us-gaap_DerivativeInstrumentsAndHedgesNoncurrent
Customer acquisition costs 2,976us-gaap_DeferredAdvertisingCosts 2,901us-gaap_DeferredAdvertisingCosts
Intangible assets - customer acquisitions 1,015us-gaap_IntangibleAssetsNetExcludingGoodwill 0us-gaap_IntangibleAssetsNetExcludingGoodwill
Deferred tax assets 24,047us-gaap_DeferredTaxAssetsLiabilitiesNetNoncurrent 0us-gaap_DeferredTaxAssetsLiabilitiesNetNoncurrent
Other assets 149us-gaap_OtherAssetsNoncurrent 58us-gaap_OtherAssetsNoncurrent
Total Assets 138,397us-gaap_Assets 109,073us-gaap_Assets
Current liabilities:    
Accounts payable 38,210us-gaap_AccountsPayableCurrent 36,971us-gaap_AccountsPayableCurrent
Accounts payable-affiliates 1,017us-gaap_DueToAffiliateCurrentAndNoncurrent 0us-gaap_DueToAffiliateCurrentAndNoncurrent
Accrued liabilities 7,195us-gaap_AccruedLiabilitiesCurrent 6,838us-gaap_AccruedLiabilitiesCurrent
Fair value of derivative liabilities 11,526us-gaap_DerivativeInstrumentsAndHedgesLiabilities 1,833us-gaap_DerivativeInstrumentsAndHedgesLiabilities
Note payable 33,000us-gaap_NotesPayableCurrent 27,500us-gaap_NotesPayableCurrent
Other current liabilities 1,868us-gaap_OtherLiabilitiesCurrent 0us-gaap_OtherLiabilitiesCurrent
Total current liabilities 92,816us-gaap_LiabilitiesCurrent 73,142us-gaap_LiabilitiesCurrent
Fair value of derivative liabilities 478us-gaap_DerivativeInstrumentsAndHedgesLiabilitiesNoncurrent 18us-gaap_DerivativeInstrumentsAndHedgesLiabilitiesNoncurrent
Payable pursuant to tax receivable agreement-affiliates 20,767spke_PayableTaxReceivableAgreementNoncurrent 0spke_PayableTaxReceivableAgreementNoncurrent
Other long-term liabilities 219us-gaap_OtherLongTermDebtNoncurrent 0us-gaap_OtherLongTermDebtNoncurrent
Total liabilities 114,280us-gaap_Liabilities 73,160us-gaap_Liabilities
Commitments and contingencies (Note 10)      
Stockholders' equity:    
Member's equity 0us-gaap_MembersCapital 35,913us-gaap_MembersCapital
Preferred stock, par value $0.01 per share, 20,000,000 shares authorized, zero issued and outstanding at December 31, 2014 and zero authorized, issued and outstanding at December 31, 2013 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue
Additional paid-in capital 9,296us-gaap_AdditionalPaidInCapital 0us-gaap_AdditionalPaidInCapital
Retained deficit (775)us-gaap_RetainedEarningsAccumulatedDeficit 0us-gaap_RetainedEarningsAccumulatedDeficit
Total stockholders' equity 8,659us-gaap_StockholdersEquity 35,913us-gaap_StockholdersEquity
Non-controlling interest in Spark HoldCo, LLC 15,458us-gaap_MinorityInterest 0us-gaap_MinorityInterest
Total equity 24,117us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 35,913us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total Liabilities and Stockholders' Equity 138,397us-gaap_LiabilitiesAndStockholdersEquity 109,073us-gaap_LiabilitiesAndStockholdersEquity
Common Class A    
Stockholders' equity:    
Common stock 30us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
0us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
Common Class B    
Stockholders' equity:    
Common stock $ 108us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
$ 0us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember