10.
Revenue from Contracts with Customers — Non-Regulated Entities
Revenue is recognized when control of the promised goods or services is transferred to
customers, in an amount that reflects the consideration we expect to be entitled to in
exchange for those goods or services.
Disaggregation of Revenue
For the years ended December 31, 2020 and 2019, revenue recognized for goods transferred
over time totaled $2,777,693 and $2,892,868, respectively.
For the year ended December 31, 2020, approximately 62% of revenues were from large-
contract customers, 21% of revenues were from small contract customers (con-ops), and 17%
revenues were from residential maintenance and other customers. For the year ended
December 31, 2019, approximately 59% of revenues were from large-contract customers,
20% of revenues were from small contract customers (con-ops), and 21% revenues were from
residential maintenance and other customers. In addition, substantially all of the Company’s
contracts were service-related type contracts.
Income Taxes
The components of the federal and state income tax provision (benefit) as of December 31,
2020 and 2019 were as follows:
(in thousands) 2020 2019
Federal S 656 $ 144
State (116) 203
Amortization of investment tax credits (33) (33)
Total $ 507 $ 314
Current $ 33 $ -
Deferred 474 314
Total $ 507 $ 314
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