FORM 8-K
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EVERGREEN ENERGY INC.
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(Exact name of Registrant as specified in its charter)
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Delaware
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001-14176
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84-1079971
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(State or other jurisdiction of
incorporation or organization)
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Commission File Number
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IRS Employer
Identification Number
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1225 17th Street, Suite 1300
Denver, Colorado
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80202
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(Address of principal executive offices)
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(Zip Code)
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As
previously
reported
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Adjustments
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As restated
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(in thousands)
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Balance Sheet
March 31, 2011
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Property, plant and Equipment, net of accumulated depreciation
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$ | 1,402 | $ | (669 | ) | $ | 733 | |||||
Other assets
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3,748 | (291 | ) | 3,457 | ||||||||
Total assets
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33,507 | (960 | ) | 32,547 | ||||||||
Liability of discontinued plant operations
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183 | 368 | 551 | |||||||||
Total liabilities
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37,627 | 368 | 37,995 | |||||||||
Total stockholders’ deficit
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(4,122 | ) | (1,328 | ) | (5,450 | ) | ||||||
Statement of Operations for the three months
ended March 31, 2011
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Impairment expense
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$ | — | $ | 482 | $ | 482 | ||||||
Depreciation and amortization
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273 | 478 | 751 | |||||||||
Loss from continuing operations
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(15,419 | ) | (960 | ) | (16,379 | ) | ||||||
Income from discontinued plant operations
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4,076 | (368 | ) | 3,708 | ||||||||
Net loss attributable to common shareholders
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(11,190 | ) | (1,328 | ) | (12,518 | ) | ||||||
Statement of Cash Flows
March 31, 2011
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Impairment expense
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$ | — | $ | 482 | $ | 482 | ||||||
Depreciation and amortization
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273 | 478 | 751 |
As
previously
reported
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Adjustments
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As restated
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(in thousands)
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Balance Sheet
June 30, 2011
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Property, plant and Equipment, net of accumulated depreciation
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$ | 1,087 | $ | (669 | ) | $ | 418 | |||||
Other assets
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3,759 | (355 | ) | 3,404 | ||||||||
Total assets
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24,549 | (1,024 | ) | 23,525 | ||||||||
Liability of discontinued plant operations
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176 | 368 | 544 | |||||||||
Total liabilities
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21,523 | 368 | 21,891 | |||||||||
Total stockholders’ equity
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3,024 | (1,392 | ) | 1,632 | ||||||||
Statement of Operations for the three months
ended June 30, 2011
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Impairment expense
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$ | 2,472 | $ | 64 | $ | 2,536 | ||||||
Income from continuing operations
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6,341 | (64 | ) | 6,277 | ||||||||
Net loss attributable to noncontrolling interest
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(341 | ) | (5 | ) | (346 | ) | ||||||
Net income attributable to common shareholders
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6,015 | (69 | ) | 5,946 | ||||||||
Statement of Operations for the six months
ended June 30, 2011
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Impairment expense
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$ | 2,472 | $ | 546 | $ | 3,018 | ||||||
Depreciation and amortization
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529 | 478 | 1,007 | |||||||||
Loss from continuing operations
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(9,077 | ) | (1,024 | ) | (10,101 | ) | ||||||
Income from discontinued plant operations
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4,091 | (368 | ) | 3,723 | ||||||||
Net loss attributable to noncontrolling interest
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494 | 5 | 499 | |||||||||
Net loss attributable to common shareholders
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(4,492 | ) | (1,387 | ) | (5,879 | ) | ||||||
Statement of Cash Flows
June 30, 2011
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Impairment expense
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$ | 2,472 | $ | 546 | $ | 3,018 | ||||||
Depreciation and amortization
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529 | 478 | 1,007 |
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Evergreen Energy Inc.
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Date: September 16, 2011
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By: /s/Diana L. Kubik
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Diana L. Kubik
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Executive Vice President and Chief Financial Officer
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