← Ameresco, Inc.
| Annual Trend | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $21.6m | $20.6m | $24.3m | $61.4m | $33.2m | $66.4m | $50.5m | $115.5m | $79.3m | $108.5m | |
| Accounts Receivable | $73.4m | $85.4m | $85.1m | $86.0m | $95.9m | $125.0m | $162.0m | $174.0m | $153.4m | $257.0m | |
| Prepaid Expense and Other Assets, Current | — | — | — | — | — | — | — | — | $123.4m | $145.9m | |
| Cash and cash equivalents | $21.6m | $20.6m | $24.3m | $61.4m | $33.2m | $66.4m | $50.5m | $115.5m | $79.3m | $108.5m | |
| Accounts receivable retainage | — | — | — | — | $17.0m | $30.2m | $43.1m | $38.1m | $33.8m | $39.8m | |
| Prepaid expenses and other current assets | $11.7m | $11.7m | $14.0m | $11.6m | $29.4m | $26.9m | $25.4m | $38.6m | $123.4m | $145.9m | |
| Income tax receivable | $2.2m | $406k | $6.1m | $5.3m | $5.0m | $9.8m | $5.3m | $7.7m | $5.8m | $1.7m | |
| Federal ESPC receivable | $125.8m | $158.2m | $248.9m | $294.0m | $230.6m | $396.7m | $557.7m | $509.5m | $609.3m | $609.1m | |
| Restricted cash, non-current portion | — | — | — | — | $24.0m | $10.4m | $12.3m | $13.6m | $12.1m | $20.2m | |
| Inventory, Net | $13.2m | $12.1m | $8.1m | $7.8m | $9.2m | $8.6m | $8.8m | $14.2m | $13.6m | $11.6m | |
| Assets, Current | $263.7m | $226.1m | $287.1m | $311.0m | $425.2m | $490.7m | $638.6m | $1.0b | $1.1b | $1.3b | |
| Total current assets | $263.7m | $226.1m | $287.1m | $311.0m | $425.2m | $490.7m | $638.6m | $1.0b | $1.1b | $1.3b | |
| Property, Plant and Equipment, Net | $5.3m | $5.0m | $5.3m | $7.0m | $10.1m | $9.0m | $13.1m | $15.7m | $17.4m | $11.0m | |
| Goodwill | $59.1m | $58.0m | $56.1m | $58.3m | $58.4m | $58.7m | $71.2m | $70.6m | $75.6m | $66.3m | |
| Intangible Assets, Net (Excluding Goodwill) | $6.8m | $3.9m | $2.4m | $2.0m | $1.6m | $927k | $7.0m | $4.7m | $6.8m | $8.8m | |
| Intangible assets, net | $6.8m | $3.9m | $2.4m | $2.0m | $1.6m | $927k | $7.0m | $4.7m | $6.8m | $8.8m | |
| Operating Lease, Right-of-Use Asset | — | — | — | — | $32.8m | $39.2m | $42.0m | $38.2m | $58.6m | $80.1m | |
| Other Assets, Noncurrent | $18.4m | $26.3m | $27.6m | $29.4m | $35.8m | $15.3m | $22.8m | $38.6m | $89.7m | $89.9m | |
| Right-of-use assets, net | — | — | — | $0 | $32.8m | $39.2m | $42.0m | $38.2m | $58.6m | $80.1m | |
| Other assets | $18.4m | $26.3m | $27.6m | $29.4m | $35.8m | $15.3m | $22.8m | $38.6m | $89.7m | $89.9m | |
| Additional Financial Items | |||||||||||
| Accrued Liabilities, Current | $22.0m | $22.8m | $23.3m | $35.9m | $31.4m | $41.7m | $43.3m | $89.2m | $108.8m | $107.3m | |
| Restricted cash | $16.2m | $12.3m | $15.8m | $16.9m | $20.0m | $22.1m | $24.3m | $20.8m | $62.3m | $69.7m | |
| Unbilled revenue | — | — | $104.9m | $86.8m | $202.2m | $186.0m | $306.2m | $576.4m | $636.2m | $644.1m | |
| Project development costs, net | — | — | — | $21.7m | $13.2m | $15.8m | $13.2m | $16.0m | $20.7m | $22.9m | |
| Energy assets, net | $244.3m | $319.8m | $356.4m | $460.0m | $579.5m | $729.4m | $856.5m | $1.2b | $1.7b | $1.9b | |
| Deferred income tax assets, net | — | — | — | — | — | $3.9m | $3.7m | $3.0m | $26.4m | $56.5m | |
| Accrued expenses and other current liabilities | $22.0m | $22.8m | $23.3m | $35.9m | $31.4m | $41.7m | $43.3m | $89.2m | $108.8m | $107.3m | |
| Current portions of operating lease liabilities | — | — | — | $0 | $5.8m | $6.1m | $6.3m | $5.8m | $13.6m | $10.5m | |
| Deferred revenue | — | — | $19.9m | $24.4m | $26.6m | $34.0m | $35.9m | $34.8m | $52.9m | $91.7m | |
| Income taxes payable | $810k | $775k | $755k | $1.1m | $486k | $981k | $822k | $1.7m | $1.2m | $744k | |
| Federal ESPC liabilities | $122.0m | $133.0m | $235.1m | $288.0m | $245.0m | $440.2m | $532.3m | $478.5m | $533.1m | $555.4m | |
| Deferred grant income | $8.3m | $7.7m | $7.2m | $6.6m | $6.9m | $8.3m | $8.5m | $7.6m | $7.0m | $6.4m | |
| Long-term operating lease liabilities, net of current portion | — | — | — | $0 | $29.1m | $35.3m | $35.1m | $31.7m | $42.3m | $59.5m | |
| Other liabilities | $18.9m | $15.2m | $18.8m | $29.2m | $29.6m | $37.7m | $43.2m | $49.5m | $82.7m | $114.5m | |
| Redeemable non-controlling interests, net | $490k | $6.8m | $10.3m | $14.7m | $31.6m | $38.9m | $46.2m | $46.6m | $46.9m | $2.5m | |
| Stockholders’ equity before non-controlling interest | $289.5m | — | — | $376.9m | $428.9m | $492.8m | $704.3m | $824.0m | $902.0m | $1.0b | |
| Non-controlling interests | $0 | — | — | — | — | — | $0 | $49.0m | $23.9m | $31.9m | |
| Total stockholders’ equity | $289.5m | $294.3m | $336.6m | $376.9m | — | — | $704.3m | $873.0m | $925.9m | $1.0b | |
| Assets | $728.7m | $797.3m | $984.0m | $1.2b | $1.4b | $1.8b | $2.2b | $2.9b | $3.7b | $4.2b | |
| Total assets | $728.7m | $797.3m | $984.0m | $1.2b | $1.4b | $1.8b | $2.2b | $2.9b | $3.7b | $4.2b | |
| LIABILITIES AND EQUITY | |||||||||||
| Current liabilities: | |||||||||||
| Operating Lease, Liability, Current | — | — | — | — | $5.8m | $6.1m | $6.3m | $5.8m | $13.6m | $10.5m | |
| Accounts Payable, Current | $114.8m | $126.6m | $135.9m | $134.3m | $202.4m | $230.9m | $309.0m | $349.1m | $402.8m | $529.3m | |
| Operating Lease, Liability, Noncurrent | — | — | — | — | $29.1m | $35.3m | $35.1m | $31.7m | $42.3m | $59.5m | |
| Long-term Debt, Excluding Current Maturities | $105.8m | $140.6m | $173.2m | $219.2m | $266.2m | — | — | — | — | — | |
| Long-term Debt, Current Maturities | — | — | — | — | — | $69.4m | $78.9m | $331.5m | $322.2m | $149.4m | |
| Long-term Debt, Excluding Current Maturities | $105.8m | $140.6m | $173.2m | $219.2m | $266.2m | — | — | — | — | — | |
| Current portions of long-term debt and financing lease liabilities, net of unamortized discount | — | — | — | — | $70.0m | $69.4m | $78.9m | $331.5m | $322.2m | $149.4m | |
| Long-term debt and financing lease liabilities, net of current portion, unamortized discount, and debt issuance costs | $105.8m | $140.6m | $173.2m | $219.2m | $266.2m | $311.7m | $377.2m | $568.6m | $1.2b | $1.5b | |
| Liabilities, Current | $179.7m | $190.6m | $202.1m | $222.6m | $336.6m | $383.1m | $474.2m | $812.1m | $901.5m | $889.0m | |
| Total current liabilities | $179.7m | $190.6m | $202.1m | $222.6m | $336.6m | $383.1m | $474.2m | $812.1m | $901.5m | $889.0m | |
| Deferred Income Tax Liabilities, Net | — | — | — | $4.4m | $115k | $2.4m | $3.9m | $9.2m | $4.5m | $2.2m | |
| Other Liabilities, Noncurrent | $18.9m | $15.2m | $18.8m | $29.2m | $29.6m | $37.7m | $43.2m | $49.5m | $82.7m | $114.5m | |
| Deferred Tax Liabilities, Net | $4.0m | $9.0m | $584k | $4.4m | $115k | $2.4m | $168k | $6.1m | — | — | |
| Redeemable Noncontrolling Interest, Equity, Carrying Amount | $490k | $6.8m | $10.3m | $14.7m | $31.6m | $38.9m | $46.2m | $46.6m | $46.9m | $2.5m | |
| Stockholders’ equity: | |||||||||||
| Additional Paid in Capital | $110.3m | $112.9m | $116.2m | $124.7m | $133.7m | $145.5m | $284.0m | $306.3m | $320.9m | $378.3m | |
| Retained Earnings (Accumulated Deficit) | $184.5m | $194.4m | $235.8m | $269.8m | $314.5m | $368.4m | $438.7m | $533.5m | $595.9m | $652.6m | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | ($5.2m) | ($6.6m) | ($5.6m) | ($5.9m) | ($7.5m) | ($9.3m) | ($6.7m) | ($4.1m) | ($3.0m) | ($5.9m) | |
| Preferred stock, $0.0001 par value, 5,000,000 shares authorized, no shares issued and outstanding at December 31, 2024 and 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Accumulated other comprehensive loss, net | ($5.2m) | ($6.6m) | ($5.6m) | ($5.9m) | ($7.5m) | ($9.3m) | ($6.7m) | ($4.1m) | ($3.0m) | ($5.9m) | |
| Treasury stock, at cost, 2,101,835 shares at December 31, 2024 and 2,101,795 at December 31, 2023 | — | — | — | — | — | — | ($11.8m) | ($11.8m) | ($11.8m) | ($11.8m) | |
| Stockholders' Equity Attributable to Parent | $289.5m | — | — | — | $428.9m | $492.8m | $704.3m | $824.0m | $902.0m | $1.0b | |
| Stockholders' Equity Attributable to Noncontrolling Interest | $0 | — | — | — | — | — | — | $49.0m | $23.9m | $31.9m | |
| Liabilities and Equity | $728.7m | $797.3m | $984.0m | $1.2b | $1.4b | $1.8b | $2.2b | $2.9b | $3.7b | $4.2b | |
| Total liabilities, redeemable non-controlling interests and stockholders’ equity | $728.7m | $797.3m | $984.0m | $1.2b | $1.4b | $1.8b | $2.2b | $2.9b | $3.7b | $4.2b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.