← Enlight Renewable Energy Ltd.
| Annual Trend | FY 2018 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||
| Net Income | — | — | — | $24.7m | $70.9m | $44.2m | $132.1m | |
| Net Income From Continuing Operations | — | — | — | $38.1m | $98.0m | $66.5m | $160.7m | |
| Other Adjustments To Reconcile Profit Loss | — | — | — | — | ($52.4m) | ($5.0m) | $4.9m | |
| Depreciation and amortization | — | — | $20.5m | $42.3m | $65.8m | $108.9m | $149.9m | |
| Depreciation Amortization Depletion | — | — | — | $42.3m | $65.8m | $108.9m | $149.9m | |
| Adjustments For Deferred Tax Of Prior Periods | — | — | $0 | $0 | — | ($1.3m) | $0 | |
| Deferred Income Tax | — | — | — | $13.0m | ($24.0m) | ($7.5m) | ($40.6m) | |
| Deferred Tax | — | — | — | $13.0m | ($24.0m) | ($7.5m) | ($40.6m) | |
| Adjustments For Share-Based Payments | — | — | $4.0m | $8.7m | $5.0m | $8.4m | $10.5m | |
| Share-based compensation | — | — | $4.0m | $8.7m | $5.0m | $8.4m | $10.5m | |
| Adjustments For Income Tax Expense | — | — | — | — | $28.4m | $18.3m | $43.9m | |
| Repayment of tax equity investment | — | — | $0 | $0 | ($82.7m) | ($839k) | ($13.6m) | |
| Earnings (Loss)es From Equity Investments | — | — | — | $306k | $330k | $3.4m | $3.7m | |
| Total changes in assets and liabilities items | — | — | ($12.5m) | ($21.8m) | $15.8m | $3.4m | ($9.5m) | |
| Additional Financial Items | ||||||||
| Adjustments For Current Tax Of Prior Period | — | — | $0 | $0 | ($1.6m) | $66k | $0 | |
| Adjustments For Decrease Increase In Trade Account Receivable | — | — | ($6.9m) | ($23.4m) | ($2.8m) | ($9.9m) | ($27.4m) | |
| Adjustments For Increase Decrease In Trade Account Payable | — | — | $1.2m | $784k | $15.5m | $746k | $5.2m | |
| Adjustments For Unrealised Foreign Exchange Losses Gains | — | — | $3.0m | ($836k) | — | — | — | |
| General And Administrative Expense | — | — | $15.6m | $28.7m | $33.3m | $38.8m | $58.0m | |
| Goodwill | — | — | $148.1m | $148.1m | — | — | — | |
| Interest Received Classified As Operating Activities | — | — | $1.2m | $4.5m | $12.5m | $12.7m | — | |
| Payments To Acquire Or Redeem Entitys Shares | — | — | $0 | $1.8m | $0 | $0 | — | |
| Proceeds From Issuing Shares | — | — | $175.1m | $206.6m | $266.5m | $0 | $290.7m | |
| Purchase Of Intangible Assets Classified As Investing Activities | — | — | $164.8m | $41.4m | ($8.0m) | ($4.0m) | ($6.1m) | |
| Profit for the year | — | ($41.0m) | $21.7m | $38.1m | $98.0m | $66.5m | $160.7m | |
| Finance expenses, net | — | — | $5.8m | $24.6m | $28.8m | $83.6m | $118.7m | |
| Taxes on income | — | — | $5.7m | $12.9m | $28.4m | $18.3m | $43.9m | |
| Tax benefits | — | — | — | $0 | ($5.4m) | ($20.9m) | ($89.4m) | |
| Other income, net | — | — | $449k | $31k | ($52.4m) | ($5.0m) | $4.9m | |
| Company’s share in losses of investee partnerships | — | — | $189k | $306k | $330k | $3.4m | $3.7m | |
| Gains from projects disposals | — | — | — | — | $0 | ($601k) | ($96.4m) | |
| Change in other receivables | — | — | $340k | ($4.9m) | ($3.2m) | $12.3m | ($1.9m) | |
| Change in trade receivables | — | — | ($6.9m) | ($23.4m) | ($2.8m) | ($9.9m) | ($27.4m) | |
| Change in other payables | — | — | ($7.0m) | $5.7m | $6.4m | $294k | $14.5m | |
| Change in trade payables | — | — | $1.2m | $784k | $15.5m | $746k | $5.2m | |
| Repayment of contract assets | — | $31.2m | $32.9m | $17.6m | $14.1m | $0 | $0 | |
| Sale (acquisition) of consolidated companies, net (Annex A) | — | ($8.6m) | ($156.5m) | ($57.0m) | ($7.0m) | $1.9m | $34.3m | |
| Purchase, development and construction in respect of projects | — | ($341.9m) | ($453.2m) | ($639.1m) | ($731.0m) | ($899.3m) | ($1.8b) | |
| Payments on account of acquisition of consolidated Company | — | ($20.2m) | ($1.2m) | ($4.0m) | ($5.7m) | ($32.8m) | ($6.5m) | |
| Interest receipts | — | $1.0m | $1.2m | $4.5m | $12.5m | $12.7m | $14.8m | |
| Loans provided and investment in investees | — | ($39.6m) | ($4.1m) | ($3.7m) | ($28.2m) | ($26.4m) | ($56.3m) | |
| Repayment of loans to investees | — | — | — | — | $13.4m | $87k | $30.8m | |
| Loans provided to non-controlling interests | — | $0 | ($6.5m) | $0 | $0 | $0 | ($297k) | |
| Purchase of financial assets measured at fair value through profit or loss, net | — | ($10.6m) | ($4.2m) | ($1.9m) | $32.6m | ($14.7m) | ($6.5m) | |
| Receipt of loans from banks and other financial institutions | — | $309.4m | $632.9m | $541.0m | $623.9m | $939.6m | $1.8b | |
| Repayment of loans from banks and other financial institutions | — | ($46.1m) | ($301.8m) | ($109.1m) | ($203.5m) | ($699.6m) | ($505.4m) | |
| Issuance of debentures | — | $97.7m | $107.3m | $0 | $83.0m | $177.9m | $125.8m | |
| Issuance of convertible debentures | — | $0 | $106.8m | $47.8m | $0 | $0 | $114.7m | |
| Repayment of debentures | — | ($52.5m) | ($17.3m) | ($16.6m) | ($14.7m) | ($26.0m) | ($47.5m) | |
| Proceeds from settlement of derivatives | — | ($52.9m) | $0 | $7.8m | $0 | $0 | — | |
| Proceeds from investments by tax-equity investors | — | — | $0 | $0 | $198.8m | $410.8m | $440.5m | |
| Deferred borrowing costs | — | ($31.5m) | ($10.0m) | ($5.0m) | ($2.0m) | ($21.6m) | ($68.2m) | |
| Receipt of loans from non-controlling interests | — | $14.8m | $20.2m | $18.1m | $274k | $0 | $182k | |
| Repayment of loans from non-controlling interests | — | ($5.8m) | ($9.7m) | ($2.3m) | ($1.5m) | ($3.0m) | ($858k) | |
| Increase in holding rights of consolidated entity. | — | $10.0m | $0 | $4.2m | $0 | ($169k) | ($1.4m) | |
| Prepayments on account of issuance of shares | — | $0 | $0 | ($1.8m) | $0 | $0 | — | |
| Issuance of shares | — | $106.0m | $175.1m | $206.6m | $266.5m | $0 | $290.7m | |
| Exercise of share options | — | $18k | $25k | $8k | $9k | $15k | $53k | |
| Repayment of lease liability | — | ($5.4m) | ($6.3m) | ($4.3m) | ($4.8m) | ($5.9m) | ($8.6m) | |
| Proceeds from investment in entities by non-controlling interest | — | $38.6m | $57.0m | $1.2m | $5.4m | $179k | $12.8m | |
| Changes in cash of disposal groups classified as held for sale | — | — | — | $0 | $0 | ($5.8m) | $0 | |
| Beginning Cash Position | — | — | — | $265.9m | $193.9m | $403.8m | $387.4m | |
| Cash Flow From Continuing Financing Activities | — | $343.5m | $752.3m | $684.7m | $800.8m | $671.1m | $2.0b | |
| Cash Flow From Continuing Investing Activities | — | ($492.4m) | ($644.6m) | ($820.0m) | ($785.6m) | ($928.7m) | ($2.2b) | |
| Change In Account Payable | — | — | — | $784k | $15.5m | $746k | $5.2m | |
| Change In Payable | — | — | — | $6.5m | $21.9m | $1.0m | $19.7m | |
| Change In Payables And Accrued Expense | — | — | — | $6.5m | $21.9m | $1.0m | $19.7m | |
| Change In Receivables | — | — | — | ($28.3m) | ($6.1m) | $2.4m | ($29.2m) | |
| Change In Working Capital | — | — | — | ($21.8m) | $15.8m | $3.4m | ($9.5m) | |
| Changes In Account Receivables | — | — | — | ($23.4m) | ($2.8m) | ($9.9m) | ($27.4m) | |
| Changes In Cash | — | — | — | ($44.9m) | $206.9m | ($2.3m) | $108.2m | |
| End Cash Position | — | — | — | $193.9m | $403.8m | $387.4m | $528.5m | |
| Financing Cash Flow | — | — | — | $684.7m | $800.8m | $671.1m | $2.0b | |
| Free Cash Flow | — | — | — | $90.4m | ($539.4m) | ($644.0m) | ($1.5b) | |
| Gain Loss On Investment Securities | — | — | ($645k) | ($3.0m) | — | — | — | |
| Gain Loss On Sale Of PPE | — | — | — | — | $0 | ($601k) | ($96.4m) | |
| Interest Received CFI | — | — | — | — | $12.5m | $12.7m | $14.8m | |
| Interest Received CFO | — | — | — | $4.5m | $12.5m | $12.7m | — | |
| Investing Cash Flow | — | — | — | ($820.0m) | ($785.6m) | ($928.7m) | ($2.2b) | |
| Issuance Of Capital Stock | — | — | — | $206.6m | $266.5m | $0 | $290.7m | |
| Net Business Purchase And Sale | — | — | — | ($61.0m) | ($12.7m) | ($30.9m) | $27.8m | |
| Net Foreign Currency Exchange Gain Loss | — | — | $2.8m | ($836k) | — | — | — | |
| Net PPE Purchase And Sale | — | — | — | ($639.1m) | ($731.0m) | ($899.3m) | ($1.8b) | |
| Operating Gains Losses | — | — | — | $306k | $330k | $2.7m | ($92.7m) | |
| Other Cash Adjustment Outside Changein Cash | — | — | — | $0 | $0 | ($5.8m) | $0 | |
| Other Non Cash Items | — | — | — | $42.2m | $42.9m | $84.2m | $118.7m | |
| Proceeds From Stock Option Exercised | — | — | — | $8k | $9k | $15k | $53k | |
| Purchase Of Business | — | — | — | ($61.0m) | ($12.7m) | ($32.8m) | ($6.5m) | |
| Purchase Of PPE | — | — | — | ($639.1m) | ($731.0m) | ($899.3m) | ($1.8b) | |
| Repurchase Of Capital Stock | — | — | — | ($1.8m) | $0 | $0 | — | |
| Sale Of Business | — | — | — | — | — | $1.9m | $34.3m | |
| Stock Based Compensation | — | — | — | $8.7m | $5.0m | $8.4m | $10.5m | |
| Profit or Loss | — | — | $21.7m | $38.1m | $98.0m | $66.5m | $160.7m | |
| Total income and expenses not associated with cash flows | — | — | $36.6m | $88.8m | $75.9m | $196.6m | $145.7m | |
| Cash flows from investing activities | ||||||||
| Capital Expenditure | — | — | — | ($639.1m) | ($731.0m) | ($899.3m) | ($1.8b) | |
| Net Investment Purchase And Sale | — | — | — | ($12.7m) | $26.9m | ($14.7m) | ($6.5m) | |
| Purchase Of Investment | — | — | — | ($16.7m) | ($5.7m) | — | — | |
| Net Other Investing Changes | — | — | — | ($746.3m) | ($81.3m) | $3.5m | ($404.4m) | |
| Issuance Of Debt | — | — | — | $606.9m | $707.0m | $1.1b | $2.0b | |
| Long Term Debt Issuance | — | — | — | $606.9m | $707.0m | $1.1b | $2.0b | |
| Net Issuance Payments Of Debt | — | — | — | $474.6m | $483.9m | $386.1m | $1.5b | |
| Net Long Term Debt Issuance | — | — | — | $474.6m | $483.9m | $386.1m | $1.5b | |
| Long Term Debt Payments | — | — | — | ($132.3m) | ($223.1m) | ($731.5m) | ($561.5m) | |
| Repayment Of Debt | — | — | — | ($132.3m) | ($223.1m) | ($731.5m) | ($561.5m) | |
| Common Stock Issuance | — | — | — | $206.6m | $266.5m | $0 | $290.7m | |
| Net Common Stock Issuance | — | — | — | $204.9m | $266.5m | $0 | $290.7m | |
| Common Stock Payments | — | — | — | ($1.8m) | $0 | $0 | — | |
| Dividends and distributions by subsidiaries to non-controlling interest | — | ($8) | ($2) | ($3) | ($13) | ($26) | ($30) | |
| Cash Dividends Paid | — | — | — | — | $0 | $0 | $0 | |
| Net Other Financing Charges | — | — | — | $5.3m | $105.0m | $359.9m | $339.6m | |
| Net cash from financing activities | — | $343.5m | $752.3m | $684.7m | $855.3m | $746.0m | $2.0b | |
| Effect of exchange rate fluctuations on cash and cash equivalents | — | $11.8m | $6.9m | ($27.2m) | $3.1m | ($8.3m) | $32.8m | |
| Effect Of Exchange Rate Changes | — | — | — | ($27.2m) | $3.1m | ($8.3m) | $32.8m | |
| Increase (decrease) in cash and cash equivalents | — | ($110.1m) | $159.7m | ($44.9m) | $206.9m | ($2.3m) | $108.2m | |
| Changes in restricted cash and bank deposits, net | — | ($17.5m) | $48.0m | ($82.1m) | ($53.1m) | $30.0m | ($378.6m) | |
| Balance of cash and cash equivalents at beginning of year | — | $99.3m | $265.9m | $193.9m | $403.8m | $387.4m | $528.5m | |
| Change In Cash Supplemental As Reported | — | — | — | ($44.9m) | $206.9m | ($2.3m) | — | |
| Interest Paid Classified As Financing Activities | — | ($41.0m) | ($24.4m) | ($33.1m) | ($54.5m) | ($74.9m) | $86.9m | |
| Interest Paid Classified As Operating Activities | — | ($41.0m) | $24.4m | $33.1m | $54.5m | $74.9m | ($86.9m) | |
| Income Taxes Paid Refund Classified As Operating Activities | — | ($861k) | $3.5m | $3.7m | $12.2m | $11.2m | $14.3m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.