← OPAL Fuels Inc.
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| Net income | $40.8m |
$32.6m
-20.09%
|
$127.0m
+289.90%
|
$14.3m
-88.72%
|
$36.4m
+154.18%
|
$29.5m
-18.89%
|
|
| Depreciation, amortization, and accretion | — | — | — | $17.9m | $22.5m | $22.9m | |
| Amortization of deferred financing costs | $1.1m | $1.9m | $1.7m | $1.1m | $1.9m | — | |
| Deferred income taxes | — | — | — | $0 | ($16.5m) | ($22.2m) | |
| Stock-based compensation | $639k | $1.5m | $5.9m | $6.5m | $6.5m | $6.8m | |
| Assets' impairment | — | — | — | $2.0m | $0 | — | |
| Allowance for accounts receivable | $0 | $499k | — | $85k | $2.5m | — | |
| Accounts receivable | ($2.9m) | ($6.2m) | $2.9m | ($4.5m) | ($19.8m) | ($9.6m) | |
| Parts inventory | ($899k) | ($2.2m) | ($2.9m) | ($103k) | ($670k) | — | |
| Accounts payable | ($181k) | $10.1m | $6.7m | $2.5m | $1.9m | ($11.8m) | |
| Accrued expenses and other current and non-current liabilities | $24k | $3.2m | $3.3m | $75k | ($7.1m) | — | |
| Purchase of property, plant and equipment included in accrued expenses and other current liabilities | $6.2m | $11.9m | $15.1m | $23.2m | $24.6m | — | |
| Prepaid expenses and other current and long-term assets | ($2.9m) | ($3.1m) | $2.2m | ($5.3m) | $11.3m | — | |
| Net cash provided by operating activities | ($1.9m) |
($1.4m)
+30.32%
|
$38.3m
+2924.28%
|
$33.0m
-13.68%
|
$36.5m
+10.49%
|
$19.7m
-45.93%
|
|
| Purchase of property, plant, and equipment | ($89.6m) | ($131.4m) | ($113.8m) | ($127.2m) | ($70.7m) | — | |
| Proceeds from disposal of property, plant and equipment | — | — | $0 | $828k | $3.0m | — | |
| Income from investments in other entities | ($2.3m) | ($5.8m) | ($5.5m) | ($13.2m) | ($2.6m) | — | |
| Distributions from return on investments in other entities | — | $0 | $12.2m | $14.3m | $5.6m | — | |
| Proceeds from sale of short-term investments | — | ($65.0m) | $55.1m | $9.9m | $0 | — | |
| Distributions from return of investments in other entities | $3.7m | $2.1m | $4.8m | $4.3m | $11.4m | — | |
| Cash paid, related to investments in other entities | ($1.6m) | ($597k) | — | ($21.6m) | ($22.4m) | — | |
| Net cash used in investing activities | ($311.2m) | ($184.0m) | ($74.1m) | ($134.6m) | ($77.3m) | ($87.4m) | |
| Proceeds from issuance of shares of Class A common stock under the ATM program, net | — | $0 | $366k | $170k | $0 | — | |
| Payment of preferred dividends | — | $0 | ($16.5m) | ($13.1m) | ($10.5m) | — | |
| Cash paid for income taxes related to net share settlement of equity awards | — | $0 | ($896k) | ($627k) | ($391k) | — | |
| Financing costs paid to other third parties | ($3.6m) | ($8.3m) | ($10.3m) | ($629k) | ($1.2m) | — | |
| Net cash provided by financing activities | $313.9m |
$220.6m
-29.74%
|
$5.9m
-97.33%
|
$83.5m
+1315.56%
|
$41.6m
-50.23%
|
$161.4m
+288.39%
|
|
| Net increase (decrease) in cash, restricted cash, and cash equivalents | $26.7m | $35.2m | ($30.0m) | ($19.7m) | $738k | — | |
| Cash, restricted cash, and cash equivalents, beginning of period | $42.1m | $77.2m | $47.2m | $29.2m | $28.3m | — | |
| Additional Supplementary Disclosures | |||||||
| Additional Supplementary Disclosures | |||||||
| Reduction of carrying amount of operating lease right-of-use assets | $0 | $770k | $643k | $679k | $771k | — | |
| Gain on dispositions | — | — | — | ($321k) | ($3.6m) | ($7.6m) | |
| Paid-in-kind interest income | ($406k) | ($286k) | ($360k) | ($207k) | ($193k) | — | |
| Change in fair value of derivative financial instruments | ($645k) | $3.9m | ($270k) | $0 | ($2.4m) | — | |
| Cash received from (paid for) note receivable | — | — | — | ($750k) | $1.4m | — | |
| Proceeds from loans | $75.0m | $40.0m | $196.6m | $100.0m | $70.0m | — | |
| Repayment of loans | ($194k) | ($202k) | ($76k) | $0 | ($17.0m) | — | |
| Repayment of principal portion of finance lease liabilities | — | $0 | ($993k) | $0 | ($1.2m) | — | |
| Distribution to non-redeemable non-controlling interest | — | $0 | ($333k) | ($703k) | ($150k) | — | |
| Capital contribution from non-redeemable non-controlling interests | $21.2m | $0 | — | $0 | $2.0m | — | |
| Interest paid, net of $2,531 and $3,212 capitalized, respectively | $4.3m | $7.0m | $6.9m | $22.9m | $27.8m | — | |
| Lease liabilities arising from obtaining right-of-use assets | $0 | $801k | $9.0m | $2.4m | $1.5m | — |