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BrightSource Energy, Inc.
Business Summary
BrightSource Energy, Inc. is a privately held business, engaged in building, financing, designing and operating utility-scale solar power projects. BrightSource was formerly known as LuZ II, Inc. and offers project engineering and management, product development and engineering, and solar field manufacturing and supply services. BrightSource Energy, Inc. was founded in 2004 and is headquartered in Oakland, California, with other operations in Jerusalem, Israel.
Recent News, Updates, and Analysis
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Overview & Corporate Organization
Basic Information
| Company Tags: | PE Backed VC Backed |
| Year Founded: | 2004 |
| Formerly Named: | Luz II, Inc. |
| Fiscal Year End: | 12/31 |
| 1YR Revenue Growth Rate: | View % |
| 3YR Revenue Growth Rate (CAGR): | View % |
| 1YR Employee Growth Rate: | View % |
| 3YR Employee Growth Rate (CAGR): | View % |
| City: | Oakland |
| State/Province: | California |
| Country: | United States |
| Phone: | View |
| Fax: | View |
| Website: | www.brightsourceenergy.com |
Industry Information
Industry Codes
| PICS™: | 200901™, 200903™, 200905™, 200906™, 200907™, 500602™, 599999™, 1500999™ |
| NAICS: | View |
| SIC: | View |
PrivCo Industries (Sector > Industry > Sub-Industry)
The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.
Charts, Financials, and Statistics (Table Format)
Copy & Paste Financials Into Spreadsheet or
| Income Statement | 2011 | 2010 | 2009 | 2008 |
| Revenues | View | View | View | View |
| Revenue from Affiliates | View | View | View | View |
| Other Operating Revenue | View | View | View | View |
| Affiliate Costs | View | View | View | View |
| Cost Other Goods and Services Sold | View | View | View | View |
| Cost of Goods and Services Sold | View | View | View | View |
| Gross Profit | View | View | View | View |
| Selling, General and Administrative Expenses | View | View | View | View |
| Research and Development Expense (Excluding In - Process) | View | View | View | View |
| Other Operating Income Expense | View | |||
| Total Operating Expenses excluding costs | View | View | View | |
| Operating Income/(Loss) | View | View | View | View |
| Interest Expense | View | View | View | View |
| Interest Income | View | |||
| Gain/(Loss) on Sale of Business | View | View | View | |
| Non-operating Income/(Expense) - Other | View | View | View | View |
| Income/(Loss) from Continuing Operations Before Income Taxes | View | View | View | View |
| Provision for Income Taxes | View | View | View | View |
| Income/(Loss) from Equity Investments | View | |||
| Net Income (Loss) | View | View | View | View |
| Balance Sheet | 2011 | 2010 | 2009 |
| Cash and Cash Equivalents | View | View | View |
| Current Restricted Cash | View | View | View |
| Net Accounts Receivable Trade | View | View | View |
| Current Unbilled Receivables, Net | View | ||
| Accounts Receivable - Related Parties | View | View | View |
| Net Inventories | View | View | View |
| Prepaid Expenses | View | View | View |
| Current Other Assets | View | View | View |
| Current Assets | View | View | View |
| Net Property, Plant and Equipment | View | View | View |
| Investment in Equity Securities | View | View | View |
| Net Intangible Assets | View | View | View |
| Restricted Cash | View | View | View |
| Deposits Assets Noncurrent | View | View | View |
| Noncurrent Other Assets | View | View | View |
| Assets | View | View | View |
| Accounts Payable | View | View | View |
| Accrued Expenses - Other | View | View | View |
| Other Accrued Expenses | View | View | View |
| Billings in Excess of Cost | View | View | View |
| Total Short-Term Borrowings | View | View | View |
| Current Related Party Debt | View | ||
| Current Liabilities | View | View | View |
| Related Party Debt - Long-Term | View | View | View |
| Other Long Term Debt | View | View | View |
| Noncurrent Other Liabilities | View | View | View |
| Liabilities | View | View | View |
| Convertible Preferred Stock Obligations | View | View | View |
| Convertible Preferred Stock - Value (Excluding Additional Paid in Capital) | View | View | View |
| Common Stock - Value (Excluding Additional Paid in Capital) | View | View | View |
| Additional Paid in Capital | View | View | View |
| Retained Earnings | View | View | View |
| Stockholders' Equity | View | View | View |
| Liabilities and Stockholders' Equity | View | View | View |
| Cash Flow Statement | 2011 | 2010 | 2009 | 2008 |
| Operating Activities Beginning Net Income | View | View | View | View |
| Amortization | View | View | View | View |
| Depreciation and Amortization | View | View | View | View |
| Adjustment Provision for Other Losses | View | View | View | View |
| Asset Impairment Charges | View | View | View | View |
| Adjustments to Gain/(Loss) on Sale of Business | View | View | View | |
| Adjustment for Equity Based Compensation Expense | View | View | View | View |
| Adjustment Income/(Loss) from Equity Investments | View | View | View | View |
| Adjustment Extraordinary Items | View | View | View | |
| Other Adjustments to Common Stockholders' Net Income - Increase/(Decrease) | View | View | View | View |
| Change Accounts Receivable | View | View | View | View |
| Change Unbilled Receivables | View | View | View | |
| Increase/(Decrease) in Accounts Receivable - Related Parties | View | View | View | |
| Current Increase/(Decrease) in Amounts Due From Related Parties | View | |||
| Increase/(Decrease) in Inventories | View | View | View | View |
| Increase/(Decrease) in Deposits Outstanding | View | |||
| Increase/(Decrease) in Other Current Assets | View | View | View | |
| Change Deposit Other Assets | View | View | View | |
| Change Prepaid Expenses Other Current Assets | View | View | View | |
| Change Prepaid Expenses Other Assets | View | |||
| Increase/(Decrease) in Accounts Payable | View | View | View | View |
| Change Other Accrued Expenses | View | View | View | View |
| Increase/(Decrease) in Accrued Expenses | View | View | View | View |
| Increase/(Decrease) in Billing in Excess of Cost of Earnings | View | View | View | View |
| Increase/(Decrease) in Other Non-operating Liabilities | View | View | View | View |
| Net Cash Flows Provided By/(Used In) Operating Activities | View | View | View | View |
| Purchase of Property, Plant and Equipment | View | View | View | View |
| Purchase Interest in Unconsolidated Affiliates | View | View | View | |
| Proceeds from Divestiture of Interest in Unconsolidated Affiliates | View | View | View | |
| Increase Decrease Restricted Funds | View | View | View | View |
| Increase Decrease Deposits | View | View | View | View |
| Purchase of Other Assets | View | View | View | View |
| Net Other Investing Activities | View | View | View | View |
| Net Cash Flows Provided By/(Used In) Investing Activities | View | View | View | View |
| Proceeds from Lines of Credit | View | |||
| Proceeds from Other Debt | View | |||
| Repayments on Lines of Credit | View | |||
| Repayments on Notes Payable | View | |||
| Proceeds Convertible Debt | View | |||
| Proceeds Debt | View | View | View | View |
| Repayment Convertible Debt | View | |||
| Repayments Debt | View | View | View | |
| Debt Issuance Costs | View | View | View | View |
| Proceeds from Issuance of Common Stock | View | View | View | View |
| Proceeds from Issuance of Preferred Stock | View | View | View | |
| Proceeds from Issuance of Convertible Preferred Stock | View | View | View | View |
| Proceeds from Stock Options Exercised | View | View | View | View |
| Repurchase of Common Stock | View | View | View | View |
| Stock Issuance Costs | View | View | View | View |
| Cash Provided by/(Used in) Financing Activities - Other | View | |||
| Net Cash Flows Provided By/(Used In) Financing Activities | View | View | View | View |
| Increase/(Decrease) in Cash and Cash Equivalents | View | View | View | View |
| Cash and cash equivalents at the beginning of the year | View | View | View | View |
| Total Cash and cash equivalents at the end of the year | View | View | View | View |
| Income Taxes Paid | View | View | View | View |
| Cash Interest Expense | View | View | View | View |
| Conversion of Debt Securities | View | |||
| Stock Issued | View | View | View | |
| Supplemental Other Net | View | View | View | View |
| Financial Notes: | |
| * | BrightSource Energy, Inc. fiscal year end: 12/31 |
| 1 | Two transactions took place on... read more. |
| 2 | Two transactions took place on... read more. |
Charts, Financials, and Statistics (Graphs)
(Copy and paste into spreadsheet or export all BrightSource Energy, Inc. financials to Excel and create your own graphs.)
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BrightSource Energy, Inc. Revenues ($ MM): |
BrightSource Energy, Inc. Revenue from Affiliates ($ MM): |
BrightSource Energy, Inc. Other Operating Revenue ($ MM): |
BrightSource Energy, Inc. Affiliate Costs ($ MM): |
BrightSource Energy, Inc. Cost Other Goods and Services Sold ($ MM): |
BrightSource Energy, Inc. Cost of Goods and Services Sold ($ MM): |
BrightSource Energy, Inc. Gross Profit ($ MM): |
BrightSource Energy, Inc. Selling, General and Administrative Expenses ($ MM): |
BrightSource Energy, Inc. Research and Development Expense (Excluding In - Process) ($ MM): |
BrightSource Energy, Inc. Total Operating Expenses excluding costs ($ MM): |
BrightSource Energy, Inc. Operating Income/(Loss) ($ MM): |
BrightSource Energy, Inc. Interest Expense ($ MM): |
BrightSource Energy, Inc. Gain/(Loss) on Sale of Business ($ MM): |
BrightSource Energy, Inc. Non-operating Income/(Expense) - Other ($): |
BrightSource Energy, Inc. Income/(Loss) from Continuing Operations Before Income Taxes ($ MM): |
BrightSource Energy, Inc. Provision for Income Taxes ($): |
BrightSource Energy, Inc. Net Income (Loss) ($ MM): |
BrightSource Energy, Inc. Cash and Cash Equivalents ($ MM): |
BrightSource Energy, Inc. Current Restricted Cash ($ MM): |
BrightSource Energy, Inc. Net Accounts Receivable Trade ($ MM): |
BrightSource Energy, Inc. Accounts Receivable - Related Parties ($ MM): |
BrightSource Energy, Inc. Net Inventories ($ MM): |
BrightSource Energy, Inc. Prepaid Expenses ($ MM): |
BrightSource Energy, Inc. Current Other Assets ($ MM): |
BrightSource Energy, Inc. Current Assets ($ MM): |
BrightSource Energy, Inc. Net Property, Plant and Equipment ($ MM): |
BrightSource Energy, Inc. Investment in Equity Securities ($ MM): |
BrightSource Energy, Inc. Net Intangible Assets ($ MM): |
BrightSource Energy, Inc. Restricted Cash ($ MM): |
BrightSource Energy, Inc. Deposits Assets Noncurrent ($ MM): |
BrightSource Energy, Inc. Noncurrent Other Assets ($ MM): |
BrightSource Energy, Inc. Assets ($ MM): |
BrightSource Energy, Inc. Accounts Payable ($ MM): |
BrightSource Energy, Inc. Accrued Expenses - Other ($ MM): |
BrightSource Energy, Inc. Other Accrued Expenses ($ MM): |
BrightSource Energy, Inc. Billings in Excess of Cost ($ MM): |
BrightSource Energy, Inc. Total Short-Term Borrowings ($ MM): |
BrightSource Energy, Inc. Current Liabilities ($ MM): |
BrightSource Energy, Inc. Related Party Debt - Long-Term ($ MM): |
BrightSource Energy, Inc. Other Long Term Debt ($ MM): |
BrightSource Energy, Inc. Noncurrent Other Liabilities ($ MM): |
BrightSource Energy, Inc. Liabilities ($ MM): |
BrightSource Energy, Inc. Convertible Preferred Stock Obligations ($ MM): |
BrightSource Energy, Inc. Convertible Preferred Stock - Value (Excluding Additional Paid in Capital) ($): |
BrightSource Energy, Inc. Common Stock - Value (Excluding Additional Paid in Capital) ($): |
BrightSource Energy, Inc. Additional Paid in Capital ($ MM): |
BrightSource Energy, Inc. Retained Earnings ($ MM): |
BrightSource Energy, Inc. Stockholders' Equity ($ MM): |
BrightSource Energy, Inc. Liabilities and Stockholders' Equity ($ MM): |
BrightSource Energy, Inc. Operating Activities Beginning Net Income ($ MM): |
BrightSource Energy, Inc. Amortization ($): |
BrightSource Energy, Inc. Depreciation and Amortization ($ MM): |
BrightSource Energy, Inc. Adjustment Provision for Other Losses ($ MM): |
BrightSource Energy, Inc. Asset Impairment Charges ($ MM): |
BrightSource Energy, Inc. Adjustments to Gain/(Loss) on Sale of Business ($ MM): |
BrightSource Energy, Inc. Adjustment for Equity Based Compensation Expense ($ MM): |
BrightSource Energy, Inc. Adjustment Income/(Loss) from Equity Investments ($): |
BrightSource Energy, Inc. Adjustment Extraordinary Items ($): |
BrightSource Energy, Inc. Other Adjustments to Common Stockholders' Net Income - Increase/(Decrease) ($ MM): |
BrightSource Energy, Inc. Change Accounts Receivable ($ MM): |
BrightSource Energy, Inc. Change Unbilled Receivables ($): |
BrightSource Energy, Inc. Increase/(Decrease) in Accounts Receivable - Related Parties ($ MM): |
BrightSource Energy, Inc. Increase/(Decrease) in Inventories ($ MM): |
BrightSource Energy, Inc. Increase/(Decrease) in Other Current Assets ($ MM): |
BrightSource Energy, Inc. Change Deposit Other Assets ($ MM): |
BrightSource Energy, Inc. Change Prepaid Expenses Other Current Assets ($ MM): |
BrightSource Energy, Inc. Increase/(Decrease) in Accounts Payable ($ MM): |
BrightSource Energy, Inc. Change Other Accrued Expenses ($ MM): |
BrightSource Energy, Inc. Increase/(Decrease) in Accrued Expenses ($ MM): |
BrightSource Energy, Inc. Increase/(Decrease) in Billing in Excess of Cost of Earnings ($ MM): |
BrightSource Energy, Inc. Increase/(Decrease) in Other Non-operating Liabilities ($ MM): |
BrightSource Energy, Inc. Net Cash Flows Provided By/(Used In) Operating Activities ($ MM): |
BrightSource Energy, Inc. Purchase of Property, Plant and Equipment ($ MM): |
BrightSource Energy, Inc. Purchase Interest in Unconsolidated Affiliates ($ MM): |
BrightSource Energy, Inc. Proceeds from Divestiture of Interest in Unconsolidated Affiliates ($ MM): |
BrightSource Energy, Inc. Increase Decrease Restricted Funds ($ MM): |
BrightSource Energy, Inc. Increase Decrease Deposits ($ MM): |
BrightSource Energy, Inc. Purchase of Other Assets ($): |
BrightSource Energy, Inc. Net Other Investing Activities ($ MM): |
BrightSource Energy, Inc. Net Cash Flows Provided By/(Used In) Investing Activities ($ MM): |
BrightSource Energy, Inc. Proceeds Debt ($ MM): |
BrightSource Energy, Inc. Repayments Debt ($ MM): |
BrightSource Energy, Inc. Debt Issuance Costs ($ MM): |
BrightSource Energy, Inc. Proceeds from Issuance of Common Stock ($ MM): |
BrightSource Energy, Inc. Proceeds from Issuance of Preferred Stock ($ MM): |
BrightSource Energy, Inc. Proceeds from Issuance of Convertible Preferred Stock ($ MM): |
BrightSource Energy, Inc. Proceeds from Stock Options Exercised ($): |
BrightSource Energy, Inc. Repurchase of Common Stock ($): |
BrightSource Energy, Inc. Stock Issuance Costs ($ MM): |
BrightSource Energy, Inc. Net Cash Flows Provided By/(Used In) Financing Activities ($ MM): |
BrightSource Energy, Inc. Increase/(Decrease) in Cash and Cash Equivalents ($ MM): |
BrightSource Energy, Inc. Cash and cash equivalents at the beginning of the year ($ MM): |
BrightSource Energy, Inc. Total Cash and cash equivalents at the end of the year ($ MM): |
BrightSource Energy, Inc. Income Taxes Paid ($): |
BrightSource Energy, Inc. Cash Interest Expense ($ MM): |
BrightSource Energy, Inc. Stock Issued ($ MM): |
BrightSource Energy, Inc. Supplemental Other Net ($ MM): |
BrightSource Energy, Inc. Total Employees: |
BrightSource Energy, Inc. Productivity (Revenue/Employee) ($): |
BrightSource Energy, Inc. Implied Company Valuation ($ MM): |
BrightSource Energy, Inc. Stock Price ($): |
Mergers & Acquisitions
| Date | Status | Target | Buyer | Deal Type | Price | |
| Details | Jun. 2012 | Bid Submitted | View1 | View | Acquisition Asset Sale Sec 363 Bankruptcy Sale | View |
| 1 | Brightsource Energy, Inc. bought the...Read More → |
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VC/Funding Activity
| 1 | Issued...Read More → |
| 2 | The financing will be used...Read More → |
| 3 | Google Inc. invested $168 million...Read More → |
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Public / Private History (PPH™)
| Date | Deal Type | Action | Resulting Status | Valuation | Amount Raised | Public Ticker | |
| Details | Apr. 2012 | View | View | View1 | View | View | View |
| 1 | Withdrew citing tough market conditions....Read More → |
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Detailed Business Description: BrightSource Energy, Inc.
BrightSource Energy, Inc., a solar thermal technology company, designs, develops, and sells proprietary systems to produce energy in utility-scale electric power plants in United States and internationally. The company's systems use fields of tracking mirrors, known as heliostats, controlled by its proprietary software to concentrate sunlight onto a solar receiver/boiler unit to produce high-temperature steam. The steam produced in the solar receiver/boiler unit is used in a conventional steam turbine to produce electricity or in industrial applications, such as thermal enhanced oil recovery. It also acts as the system architect for the layout and optimization of the solar field; and provides technical services related to the design, engineering, and operation of systems, as well as overall project development services, including site acquisition, permitting, transmission, interconnection to the electrical grid, and securing power purchase agreements. The company sells its products to… Continue Reading →
Exhibits
Supplemental Resources
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