← Excelerate Energy, Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|
| Net income | $32.9m | $41.2m | $80.0m | $126.8m | $153.0m | $167.0m | |
| Share of net earnings in equity method investee | ($3.1m) | ($3.3m) | ($2.7m) | ($883k) | ($2.2m) | ($2.3m) | |
| Depreciation and amortization | $104.2m | $104.9m | $97.3m | $114.3m | $98.9m | $111.3m | |
| Amortization of operating lease right-of-use assets | $12.4m | $23.5m | $31.7m | $14.7m | $2.0m | $15.4m | |
| Amortization of debt issuance costs | $1.8m | $1.4m | $2.7m | $6.4m | $3.4m | $7.3m | |
| Deferred income taxes | $408k | ($966k) | $2.3m | ($3.3m) | $3.8m | $3.0m | |
| Distributions from equity method investee | $0 | $0 | $5.0m | $4.7m | $1.8m | $3.3m | |
| Operating lease assets and liabilities | ($11.9m) | ($22.4m) | ($30.3m) | ($14.8m) | ($2.0m) | ($14.9m) | |
| ARO accretion expense | $1.4m | $1.4m | $1.5m | $1.8m | $1.9m | $2.8m | |
| Long-term incentive compensation expense | $0 | $0 | $956k | $3.6m | $7.2m | $12.0m | |
| (Gain)/loss on non-cash items | $0 | $0 | ($2.2m) | $1.0m | ($44k) | $0 | |
| Accounts receivable | ($2.5m) | ($247.2m) | $197.9m | ($21.0m) | ($21.1m) | $83.0m | |
| Inventories | ($17.1m) | ($82.7m) | ($68.6m) | $169.7m | — | — | |
| Other current assets and other assets | ($19.3m) | ($17.8m) | ($22.8m) | ($12.2m) | ($49.3m) | ($28.5m) | |
| Accounts payable and accrued liabilities | $7.3m | $341.3m | ($258.3m) | ($54.1m) | ($25.3m) | $68.2m | |
| Current portion of deferred revenue | $2.0m | ($2.3m) | $135.2m | ($117.6m) | $31.0m | ($5.8m) | |
| Tax receivable agreement liability | — | $0 | $0 | ($5.9m) | ($3.4m) | ($7.8m) | |
| Other long-term liabilities | ($7.8m) | ($6.2m) | $16.9m | $5.8m | $17.0m | $3.7m | |
| Net cash paid for Acquisition | — | — | — | $0 | $0 | ($1.0b) | |
| Purchases of property and equipment | ($41.3m) | ($36.1m) | ($119.3m) | ($312.7m) | ($113.3m) | ($163.0m) | |
| Sales of property and equipment | — | $0 | $0 | $4.1m | $0 | $0 | |
| Principal payments under finance lease liabilities | ($34.1m) | ($36.3m) | ($20.5m) | ($20.6m) | ($20.5m) | ($21.6m) | |
| Taxes withheld for long-term incentive compensation | — | — | $0 | ($52k) | ($400k) | ($1.4m) | |
| Distributions | ($7.6m) | $0 | ($4.1m) | ($16.2m) | ($22.5m) | ($29.8m) | |
| Beginning of period | $109.5m | $91.0m | $538.0m | $572.5m | $554.5m | $556.5m | |
| Net cash provided by operating activities | $109.0m | $141.6m | $225.1m | $231.9m | $244.4m | $461.2m | |
| Net investments in sales-type leases | $8.8m | $10.2m | $12.2m | $12.9m | $25.7m | $43.5m | |
| Net cash used in investing activities | ($41.3m) | ($36.1m) | ($119.3m) | ($308.6m) | ($113.3m) | ($1.2b) | |
| Proceeds from issuance of long-term debt | — | $0 | $0 | $250.0m | $0 | $800.0m | |
| Payment of debt issuance costs | $0 | ($1.2m) | ($6.0m) | ($7.7m) | $0 | ($21.2m) | |
| Repayments of long term debt | ($27.6m) | ($29.2m) | ($20.3m) | ($22.0m) | ($44.6m) | ($187.0m) | |
| Repayments of long-term debt - related party | ($16.3m) | ($82.2m) | ($653.4m) | ($8.4m) | ($9.1m) | ($8.9m) | |
| Proceeds from issuance of Class A Common stock, net | $0 | $0 | $412.1m | $0 | $0 | $201.8m | |
| Repurchase of Class A Common Stock | $0 | $0 | ($140.0m) | $0 | ($50.0m) | $0 | |
| Dividends paid | $0 | $0 | ($1.3m) | ($2.6m) | ($3.4m) | ($8.5m) | |
| Other financing activities | — | — | — | $3.5m | $1.5m | ($314k) | |
| Net cash provided by (used in) financing activities | ($31.4m) | ($124.1m) | $341.2m | $111.4m | ($149.0m) | $723.1m | |
| Effect of exchange rate on cash, cash equivalents, and restricted cash | — | $0 | $0 | ($121k) | ($119k) | $87k | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $36.3m | ($18.6m) | $447.0m | $34.5m | ($18.0m) | $2.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.