SPRUCE POWER HOLDING CORP
For the period ended Dec 31, 2023. Filed Apr 9, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Apr 9, 2024
SPRU$1.51-7.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 2.
Consolidated Statements of Changes in Stockholders’ Equity
| Redeemable Noncontrolling Interests · Common Stock · AdditionalPaid-InCapital · AccumulatedDeficit · Treasury Stock · Non controlling Interests · Total Stockholders’Equity | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| (In thousands, except share data) · Shares · Amount · Shares · Amount | |||||||||
| Balance at December 31, 2022 | $85 | 18,046,903 | $2 | $473,289 | $(193,342) | — | $— | $8,942 | $288,891 |
| Exercise of stock options | — | 489,436 | — | 1,004 | — | — | — | — | 1,004 |
| Purchase accounting measurement period adjustments | 240 | — | — | (1,813) | — | — | — | (5,490) | (7,303) |
| Issuance of restricted stock | — | 531,029 | — | — | — | — | — | — | — |
| Issuance of common stock | — | 25,818 | — | 150 | — | — | — | — | 150 |
| Share repurchases | — | — | — | — | — | 800,650 | (5,424) | — | (5,424) |
| Cumulative-effect adjustment of ASC 326 adoption | — | — | — | — | 1,285 | — | — | — | 1,285 |
| Stock-based compensation expense | — | — | — | 2,885 | — | — | — | — | 2,885 |
| Net income (loss) | 3 | — | — | — | (65,831) | — | — | (782) | (66,613) |
| Buyout of redeemable noncontrolling interests | (55) | — | — | — | — | — | — | — | — |
| Capital distributions to noncontrolling interests | (134) | — | — | — | — | — | — | (345) | (345) |
| Equity related to buyout of redeemable noncontrolling interest | (139) | — | — | 139 | — | — | — | — | 139 |
| Balance at December 31, 2023 | $— | 19,093,186 | $2 | $475,654 | $(257,888) | 800,650 | $(5,424) | $2,325 | $214,669 |
| Redeemable Noncontrolling Interests · Common Stock · AdditionalPaid-inCapital · AccumulatedDeficit · Treasury Stock · Non controlling Interests · Total Stockholders’Equity | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| (In thousands, except share data) · Shares · Amount · Shares · Amount | |||||||||
| Balance at December 31, 2021 | $— | 17,567,584 | $2 | $461,219 | $(99,411) | — | $— | $— | $361,810 |
| Exercise of stock options | — | 333,764 | — | 630 | — | — | — | — | 630 |
| Issuance of restricted stock | — | 133,055 | — | — | — | — | — | — | — |
| Issuance of shares as contingent consideration relating to Quantum business acquisition | — | 12,500 | — | 186 | — | — | — | — | 186 |
| Stock-based compensation expense | — | — | — | 9,996 | — | — | — | — | 9,996 |
| Net income (loss) | 846 | — | — | — | (93,931) | — | — | 294 | (93,637) |
| Noncontrolling interests related to acquisition of Legacy Spruce Power | 7,159 | — | — | — | — | — | — | 12,164 | 12,164 |
| Buyout of noncontrolling interests | (6,517) | — | — | 1,258 | — | — | — | (3,024) | (1,766) |
| Capital distributions to noncontrolling interests | (1,403) | — | — | — | — | — | — | (492) | (492) |
| Balance at December 31, 2022 | $85 | 18,046,903 | $2 | $473,289 | $(193,342) | — | $— | $8,942 | $288,891 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.