← ORMAT TECHNOLOGIES, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $93.9m |
$132.4m
+40.97%
|
$98.0m
-26.02%
|
$88.1m
-10.08%
|
$85.5m
-3.00%
|
$62.1m
-27.34%
|
$65.8m
+6.04%
|
$124.4m
+88.94%
|
$123.7m
-0.54%
|
$123.9m
+0.13%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $101.5m | $147.1m | $110.1m | $93.5m | $101.8m | $76.1m | $77.8m | $133.1m | $131.2m | $127.0m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $7.6m | $14.7m | $12.1m | $5.4m | $16.4m | $14.0m | $12.0m | $8.7m | $7.5m | $3.1m | — | |
| Depreciation, Depletion and Amortization | $106.0m | $115.1m | $132.2m | $148.8m | $156.6m | $183.0m | $198.8m | $224.8m | $262.9m | $292.1m | $308.3m | |
| Amortization of Debt Issuance Costs | $6.9m | $5.7m | $4.6m | $5.4m | $3.5m | $3.2m | $4.2m | $5.9m | $5.9m | $6.4m | — | |
| Amortization of Intangible Assets | $4.4m | $6.9m | $11.2m | $13.3m | $14.4m | $21.7m | $27.2m | $26.8m | $27.8m | $25.4m | — | |
| Depreciation | $94.8m | $98.8m | $114.4m | $126.7m | $133.5m | $153.0m | $163.2m | $186.5m | $222.2m | $252.0m | $308.3m | |
| Deferred Income Tax Expense (Benefit) | $18.1m | ($33.5m) | $19.4m | $28.5m | $5.1m | ($646k) | ($17.5m) | ($28.3m) | ($40.8m) | ($43.2m) | ($83.1m) | |
| Share-based Payment Arrangement, Noncash Expense | $5.2m | $8.8m | $10.2m | $9.4m | $9.8m | $9.2m | $11.6m | $15.5m | $20.2m | $19.4m | $20.8m | |
| Share-based Payment Arrangement, Expense | $5.2m | $8.8m | $10.2m | $9.4m | $9.8m | $9.2m | $11.6m | $15.5m | $20.2m | $19.4m | $20.8m | |
| Goodwill, Impairment Loss | — | $0 | $13.5m | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $29.9m | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | — | — | — | — | $0 | $0 | — | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | $16.5m | $17.9m | $19.0m | $20.9m | $25.7m | $29.6m | $33.9m | $61.2m | $73.1m | $66.7m | — | |
| Income (Loss) from Equity Method Investments | ($7.7m) | ($2.0m) | $7.7m | $1.9m | $92k | ($2.6m) | ($3.1m) | $35k | ($425k) | $960k | — | |
| Other Nonoperating Income (Expense) | ($5.3m) | ($1.7m) | $7.8m | $880k | $1.4m | ($134k) | ($709k) | $1.5m | $188k | $385k | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Inventories | ($6.3m) | $1.1m | $9.3m | ($5.5m) | ($178k) | ($4.1m) | ($5.6m) | $22.2m | ($6.9m) | $7.2m | ($980k) | |
| Gain (Loss) on Disposition of Other Assets | $304k | $1.7m | ($1.2m) | $1.0m | $893k | $1.3m | ($1.0m) | ($154k) | $413k | $294k | — | |
| Other Operating Income (Expense), Net | — | — | — | — | — | — | — | — | $9.4m | $14.8m | — | |
| Net Cash Provided by (Used in) Operating Activities | $159.3m |
$245.6m
+54.17%
|
$145.8m
-40.62%
|
$236.5m
+62.18%
|
$265.0m
+12.06%
|
$258.8m
-2.33%
|
$281.0m
+8.56%
|
$309.4m
+10.12%
|
$410.9m
+32.81%
|
$335.1m
-18.45%
|
$279.4m
-16.63%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $151.9m | $259.2m | $258.5m | $280.0m | $320.7m | $419.3m | $563.5m | $618.4m | $487.7m | $619.8m | ($544.2m) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | — | — | — | — | — | — | $89k | ($35k) | ($101k) | $303k | ($22.2m) | |
| Cash, Cash Equivalents, and Short-term Investments | $230.2m | — | — | — | — | — | — | — | — | — | — | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | — | — | — | — | — | — | $32.6m | $0 | $0 | — | — | |
| Restricted Cash and Investments, Current | $34.3m | $48.8m | $78.7m | $81.9m | $88.5m | $104.2m | $130.8m | $92.0m | — | $133.4m | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $20.1m | $35.3m | $95.1m | $0 | $43.4m | $171.0m | $0 | $0 | $274.6m | $88.7m | ($105.3m) | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | $6.4m | $911k | $0 | $0 | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($158.5m) | ($368.1m) | ($342.4m) | ($254.5m) | ($386.0m) | ($638.2m) | ($523.4m) | ($628.3m) | ($780.3m) | ($726.4m) | ($556.6m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $62.1m | $66.2m | $62.8m | — | — | — | — | — | — | $265.5m | ($599.8m) | |
| Proceeds from Issuance of Long-term Debt | $142.5m | — | $214.7m | — | — | — | — | — | — | — | $1.3b | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | — | ($1.1m) | $0 | $0 | — | — | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | $18.0m | $0 | $0 | — | — | |
| Payments of Ordinary Dividends, Common Stock | $25.7m | $20.5m | $26.8m | $22.4m | $22.5m | $27.0m | $27.1m | $28.4m | $29.1m | $29.1m | ($29.2m) | |
| Proceeds from Issuance of Common Stock | — | — | — | — | $339.5m | $311k | $0 | $341.7m | $0 | $0 | $0 | |
| Payments of Dividends | $25.7m | $20.5m | $26.8m | $22.4m | $22.5m | $27.0m | $27.1m | $28.4m | — | — | ($29.2m) | |
| Net Cash Provided by (Used in) Financing Activities | $43.5m |
($59.9m)
-237.46%
|
$251.1m
+519.60%
|
($5.8m)
-102.30%
|
$503.5m
+8833.36%
|
$186.4m
-62.98%
|
$126.3m
-32.25%
|
$380.0m
+200.91%
|
$287.9m
-24.23%
|
$465.7m
+61.76%
|
$730.4m
+56.82%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $53.9m | ($24.4m) | $383.7m | ($193.3m) | ($116.8m) | $61.1m | ($82.0m) | $75.1m | $659.2m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $55.4m | $40.5m | $53.9m | $61.6m | $60.8m | $66.6m | $69.1m | $72.2m | $102.6m | $111.7m | — | |
| Income Taxes Paid, Net | $18.5m | $21.9m | $18.0m | $1.6m | $64.8m | $34.4m | $29.0m | $26.2m | $26.2m | $9.8m | — | |
| Additional Financial Items | ||||||||||||
| Asset Retirement Obligation, Accretion Expense | $1.8m | $1.9m | $2.5m | $2.7m | $3.2m | $4.0m | $5.3m | $6.2m | $7.7m | $8.3m | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($5.5m) | $2.7m | ($4.8m) | $624k | $3.8m | ($14.7m) | ($6.0m) | ($3.3m) | ($4.2m) | $5.2m | — | |
| General and Administrative Expense | $46.7m | $42.9m | $47.8m | $55.8m | $60.2m | $75.9m | $61.3m | $68.2m | $80.1m | $79.6m | — | |
| Goodwill | $6.7m | $21.0m | $19.9m | $20.1m | $24.6m | $90.0m | $90.3m | $90.5m | $151.0m | $168.2m | $29.9m | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $101.5m | $147.1m | $110.1m | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $31.8m | $21.7m | $34.7m | $45.6m | $67.0m | $24.9m | $14.7m | $6.0m | ($16.3m) | ($20.3m) | — | |
| Insured Event, Gain (Loss) | — | — | $4.5m | $0 | $0 | — | — | — | — | — | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $134.0m | $141.9m | — | |
| Investment Income, Interest | $971k | $988k | $974k | $1.5m | $1.7m | $2.1m | $3.4m | $12.0m | $7.9m | $6.0m | — | |
| Operating Lease, Lease Income | — | — | — | $479.1m | — | — | — | — | — | — | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | $96k | $73k | $57k | $31k | — | — | — | — | — | — | — | |
| Payments of Financing Costs | $6.4m | $5.3m | $5.3m | $5.2m | $1.8m | $1.3m | $1.7m | $4.2m | $7.1m | $20.8m | — | |
| Proceeds from Noncontrolling Interests | $2.0m | $2.0m | $4.1m | $3.3m | $7.6m | $5.4m | $5.4m | $7.3m | $12.3m | $10.3m | — | |
| Proceeds from Stock Options Exercised | $7.2m | $16.1m | — | $2.4m | $0 | $0 | $39k | $314k | $0 | $0 | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $719.3m | $746.0m | $705.3m | $663.1m | $734.2m | $829.4m | $879.7m | $989.5m | — | |
| Unrealized Gain (Loss) on Derivatives | ($319k) | $1.5m | ($2.0m) | $1.4m | $1.2m | ($741k) | ($1.6m) | $2.2m | ($856k) | ($550k) | — |