Innergex Renewable Energy (INE.TO) Financial Statements
Price: $13.53
Market Cap: $2.75B
Avg Volume: 1.23M
Market Cap: $2.75B
Avg Volume: 1.23M
Country: CA
Industry: Renewable Utilities
Sector: Utilities
Industry: Renewable Utilities
Sector: Utilities
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Innergex Renewable Energy.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $952.45M | $1.04B | $870.49M | $747.21M | $613.21M | $557.04M | $576.62M | $400.26M | $292.79M | $246.87M |
| Cost of Revenue | $-94.72M | $259.96M | $543.82M | $404.75M | $131.44M | $98.45M | $238.17M | $32.19M | $22.40M | $18.05M |
| Gross Profit | $1.05B | $781.62M | $326.67M | $342.46M | $481.76M | $458.59M | $338.44M | $368.07M | $270.39M | $228.81M |
| Gross Profit Ratio | 109.95% | 75.00% | 37.53% | 45.80% | 78.56% | 82.33% | 58.69% | 91.96% | 92.35% | 92.69% |
| Research and Development Expenses | $- | $- | $24.74M | $27.37M | $16.71M | $12.90M | $16.72M | $12.06M | $10.29M | $8.01M |
| General and Administrative Expenses | $68.39M | $69.24M | $77.81M | $73.81M | $59.66M | $49.41M | $63.74M | $39.46M | $32.65M | $28.96M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $68.39M | $69.24M | $77.81M | $73.81M | $59.66M | $49.41M | $63.74M | $39.46M | $32.65M | $28.96M |
| Other Expenses | $705.26M | $492.80M | $476.64M | $313.47M | $295.07M | $193.39M | $5.55M | $2.64M | $1.05M | $1.01M |
| Operating Expenses | $773.65M | $562.04M | $554.45M | $387.28M | $354.72M | $242.81M | $363.33M | $230.96M | $167.10M | $138.61M |
| Cost and Expenses | $678.93M | $822.00M | $554.45M | $387.28M | $354.72M | $242.81M | $363.33M | $230.96M | $167.10M | $138.61M |
| Interest Income | $6.09M | $7.49M | $2.02M | $633.00K | $4.97M | $231.42M | $- | $- | $- | $- |
| Interest Expense | $325.90M | $339.55M | $287.73M | $234.83M | $218.18M | $213.90M | $191.10M | $145.10M | $94.08M | $80.87M |
| Depreciation and Amortization | $380.68M | $361.29M | $336.05M | $255.64M | $228.53M | $197.97M | $153.45M | $130.09M | $90.75M | $75.48M |
| EBITDA | $690.77M | $531.32M | $522.99M | $486.78M | $463.95M | $440.11M | $344.90M | $297.51M | $219.91M | $184.05M |
| EBITDA Ratio | 72.53% | 51.01% | 73.21% | 70.28% | 75.87% | 95.51% | 71.36% | 74.70% | 74.18% | 74.55% |
| Operating Income | $273.53M | $219.57M | $301.20M | $269.50M | $236.73M | $337.45M | $213.28M | $169.30M | $125.68M | $183.74M |
| Operating Income Ratio | 28.72% | 21.08% | 34.60% | 36.07% | 38.60% | 60.58% | 36.99% | 42.30% | 42.93% | 74.43% |
| Total Other Income Expenses Net | $-289.33M | $-372.30M | $-361.06M | $-572.91M | $-246.94M | $-248.41M | $-148.23M | $-142.41M | $-88.70M | $-244.16M |
| Income Before Tax | $-15.80M | $-152.73M | $-97.69M | $-211.63M | $-10.21M | $65.83M | $28.41M | $26.96M | $36.98M | $-60.42M |
| Income Before Tax Ratio | -1.66% | -14.66% | -11.22% | -28.32% | -1.67% | 11.82% | 4.93% | 6.74% | 12.63% | -24.48% |
| Income Tax Expense | $-42.29M | $-46.91M | $-6.58M | $-26.24M | $18.90M | $118.85M | $2.69M | $7.29M | $4.94M | $-12.04M |
| Net Income | $15.89M | $-98.45M | $-91.11M | $-185.39M | $-29.11M | $-53.03M | $32.69M | $30.01M | $35.96M | $-30.30M |
| Net Income Ratio | 1.67% | -9.45% | -10.47% | -24.81% | -4.75% | -9.52% | 5.67% | 7.50% | 12.28% | -12.27% |
| EPS | $0.05 | $-0.51 | $-0.45 | $-1.03 | $-0.17 | $-0.39 | $0.25 | $0.22 | $0.28 | $-0.30 |
| EPS Diluted | $0.05 | $-0.51 | $-0.45 | $-1.03 | $-0.17 | $-0.39 | $0.25 | $0.22 | $0.28 | $-0.30 |
| Weighted Average Shares Outstanding | 202.45M | 203.57M | 201.84M | 180.86M | 170.29M | 134.66M | 130.03M | 108.43M | 106.88M | 102.30M |
| Weighted Average Shares Outstanding Diluted | 203.81M | 203.57M | 201.84M | 180.86M | 170.29M | 134.66M | 130.91M | 109.25M | 107.76M | 102.59M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $181.28M | $159.24M | $162.97M | $166.27M | $161.47M | $156.22M | $79.59M | $61.91M | $56.23M | $40.66M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $5.42M | $1.53M | $2.52M |
| Cash and Short Term Investments | $181.28M | $159.24M | $162.97M | $166.27M | $161.47M | $156.22M | $79.59M | $61.91M | $56.23M | $40.66M |
| Net Receivables | $286.52M | $149.48M | $124.35M | $84.25M | $63.75M | $61.54M | $94.44M | $87.50M | $98.85M | $37.08M |
| Inventory | $- | $- | $- | $61.66M | $67.48M | $39.45M | $1 | $- | $90.20M | $318.29M |
| Other Current Assets | $112.45M | $209.38M | $239.84M | $141.84M | $236.70M | $108.62M | $55.22M | $72.20M | $97.16M | $319.61M |
| Total Current Assets | $580.25M | $518.11M | $527.16M | $388.68M | $452.45M | $305.63M | $228.28M | $221.61M | $252.23M | $397.35M |
| Property Plant Equipment Net | $7.03B | $6.56B | $6.21B | $5.51B | $5.05B | $4.62B | $4.48B | $3.19B | $2.70B | $2.17B |
| Goodwill | $138.77M | $176.61M | $139.68M | $60.86M | $75.93M | $60.67M | $110.00M | $38.58M | $8.27M | $8.27M |
| Intangible Assets | $1.22B | $1.31B | $1.31B | $1.11B | $933.41M | $693.36M | $955.13M | $654.08M | $544.87M | $472.27M |
| Goodwill and Intangible Assets | $1.36B | $1.48B | $1.45B | $1.18B | $1.01B | $754.03M | $1.07B | $692.66M | $553.13M | $480.54M |
| Long Term Investments | $149.95M | $151.87M | $151.58M | $133.40M | $446.84M | $511.90M | $604.77M | $11.01M | $8.76M | $9.33M |
| Tax Assets | $163.07M | $87.86M | $68.78M | $50.48M | $25.13M | $30.26M | $16.46M | $11.87M | $11.85M | $15.36M |
| Other Non-Current Assets | $158.83M | $137.26M | $192.74M | $134.44M | $167.34M | $150.26M | $83.72M | $65.06M | $78.23M | $51.51M |
| Total Non-Current Assets | $8.86B | $8.42B | $8.08B | $7.01B | $6.70B | $6.07B | $6.25B | $3.97B | $3.35B | $2.73B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $9.44B | $8.94B | $8.60B | $7.40B | $7.15B | $6.37B | $6.48B | $4.19B | $3.60B | $3.13B |
| Account Payables | $146.16M | $149.15M | $139.90M | $71.89M | $84.80M | $85.70M | $104.84M | $63.49M | $51.36M | $53.17M |
| Short Term Debt | $610.53M | $255.03M | $379.89M | $517.33M | $772.42M | $413.34M | $445.93M | $109.88M | $99.40M | $54.99M |
| Tax Payables | $14.96M | $14.57M | $10.15M | $9.04M | $6.39M | $7.40M | $13.15M | $6.20M | $2.77M | $3.17M |
| Deferred Revenue | $- | $37.33M | $- | $102.48M | $105.54M | $85.35M | $13.15M | $50.23M | $54.58M | $61.42M |
| Other Current Liabilities | $145.26M | $110.38M | $120.88M | $135.27M | $173.12M | $134.91M | $77.38M | $67.28M | $66.84M | $73.83M |
| Total Current Liabilities | $916.92M | $566.45M | $650.82M | $733.53M | $1.04B | $641.35M | $641.50M | $246.84M | $220.37M | $185.17M |
| Long Term Debt | $6.25B | $6.31B | $5.65B | $4.56B | $4.21B | $4.40B | $4.26B | $3.14B | $2.51B | $2.25B |
| Deferred Revenue Non-Current | $24.57M | $22.17M | $17.90M | $18.70M | $368.24M | $256.06M | $118.00M | $54.49M | $92.59M | $56.35M |
| Deferred Tax Liabilities Non-Current | $483.22M | $528.62M | $537.43M | $401.21M | $423.19M | $428.79M | $325.90M | $215.59M | $176.97M | $147.93M |
| Other Non-Current Liabilities | $247.53M | $310.14M | $264.70M | $336.44M | $464.06M | $32.45M | $552.36M | $295.10M | $26.97M | $69.78M |
| Total Non-Current Liabilities | $7.01B | $7.17B | $6.47B | $5.30B | $5.05B | $5.12B | $4.88B | $3.49B | $2.90B | $2.47B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $7.92B | $7.73B | $7.12B | $6.04B | $6.08B | $5.76B | $5.52B | $3.74B | $3.12B | $2.66B |
| Preferred Stock | $131.07M | $131.07M | $131.07M | $131.07M | $131.07M | $131.07M | $131.07M | $131.07M | $131.07M | $131.07M |
| Common Stock | $2.01M | $1.27M | $485.00K | $360.94M | $4.18M | $97.22M | $6.55M | $2.87M | $162.86M | $108.54M |
| Retained Earnings | $-1.78B | $-1.76B | $-1.60B | $-1.37B | $-1.04B | $-879.85M | $-748.89M | $-651.23M | $-601.16M | $-567.85M |
| Accumulated Other Comprehensive Income Loss | $200.27M | $135.71M | $196.67M | $-50.62M | $-111.70M | $-15.23M | $-35.51M | $9.93M | $-1.74M | $-1.58M |
| Other Total Stockholders Equity | $2.57B | $2.58B | $2.58B | $2.02B | $2.03B | $1.27B | $1.27B | $935.97M | $775.41M | $775.41M |
| Total Stockholders Equity | $1.13B | $1.09B | $1.32B | $1.09B | $1.01B | $604.38M | $629.79M | $435.27M | $470.52M | $449.65M |
| Total Equity | $1.52B | $1.21B | $1.49B | $1.36B | $1.07B | $615.33M | $959.56M | $450.19M | $485.23M | $471.56M |
| Total Liabilities and Stockholders Equity | $9.44B | $8.94B | $8.60B | $7.40B | $7.15B | $6.37B | $6.48B | $4.19B | $3.60B | $3.13B |
| Minority Interest | $393.03M | $118.44M | $170.23M | $267.57M | $62.08M | $10.94M | $329.77M | $14.92M | $14.71M | $21.91M |
| Total Liabilities and Total Equity | $9.44B | $8.94B | $8.60B | $7.40B | $7.15B | $6.37B | $6.48B | $4.19B | $3.60B | $3.13B |
| Total Investments | $149.95M | $151.87M | $151.58M | $133.40M | $446.84M | $511.90M | $604.77M | $11.01M | $8.76M | $9.33M |
| Total Debt | $6.86B | $6.56B | $6.03B | $5.08B | $4.99B | $4.81B | $4.71B | $3.25B | $2.70B | $2.31B |
| Net Debt | $6.68B | $6.40B | $5.86B | $4.92B | $4.83B | $4.66B | $4.63B | $3.19B | $2.65B | $2.27B |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $26.49M | $-105.81M | $-91.11M | $-185.39M | $-29.11M | $-53.03M | $25.72M | $19.67M | $32.04M | $-48.38M |
| Depreciation and Amortization | $380.68M | $361.29M | $336.05M | $255.64M | $228.53M | $194.58M | $171.80M | $129.43M | $90.30M | $75.48M |
| Deferred Income Tax | $-113.89M | $-120.37M | $-73.76M | $-117.52M | $-46.00M | $19.21M | $2.69M | $7.29M | $4.94M | $-12.04M |
| Stock Based Compensation | $- | $- | $3.21M | $3.29M | $3.34M | $4.68M | $69.00K | $-385.00K | $103.00K | $192.00K |
| Change in Working Capital | $-16.87M | $-33.40M | $-14.52M | $-21.45M | $-7.76M | $22.40M | $-11.02M | $23.78M | $-56.44M | $8.28M |
| Accounts Receivables | $-17.48M | $-44.11M | $-27.70M | $-3.98M | $-6.98M | $-5.32M | $9.68M | $59.27M | $-46.11M | $-1.73M |
| Inventory | $- | $-22.15M | $-14.68M | $12.00M | $-525.00K | $-29.23M | $- | $- | $- | $- |
| Accounts Payables | $-14.80M | $22.15M | $14.68M | $-12.00M | $525.00K | $29.23M | $-20.07M | $-33.65M | $-10.49M | $9.09M |
| Other Working Capital | $15.41M | $10.71M | $13.19M | $-17.47M | $-788.00K | $27.72M | $-20.70M | $-1.84M | $156.00K | $913.00K |
| Other Non Cash Items | $15.76M | $196.15M | $270.38M | $256.76M | $233.86M | $227.61M | $20.13M | $12.66M | $5.81M | $-18.96M |
| Net Cash Provided by Operating Activities | $292.17M | $297.85M | $430.24M | $265.50M | $235.11M | $240.06M | $209.39M | $192.45M | $76.75M | $4.56M |
| Investments in Property Plant and Equipment | $-431.64M | $-687.20M | $-151.33M | $-250.62M | $-518.60M | $-847.73M | $-185.79M | $-135.66M | $-351.26M | $-296.15M |
| Acquisitions Net | $- | $-47.81M | $-482.75M | $-387.43M | $-162.07M | $367.26M | $-866.04M | $-147.46M | $-113.55M | $5.00K |
| Purchases of Investments | $- | $- | $-325.00K | $- | $-277.00K | $-19.97M | $-134.80M | $-85.00K | $- | $-226.91M |
| Sales Maturities of Investments | $- | $- | $325.00K | $- | $277.00K | $19.97M | $- | $70.20M | $1.61M | $226.95M |
| Other Investing Activities | $-6.57M | $101.30M | $-1.69M | $-29.00M | $-44.94M | $-68.48M | $-109.02M | $71.16M | $209.85M | $-258.68M |
| Net Cash Used for Investing Activities | $-438.22M | $-633.71M | $-635.77M | $-667.05M | $-725.61M | $-548.95M | $-1.16B | $-211.96M | $-254.96M | $-554.79M |
| Debt Repayment | $73.03M | $443.80M | $207.95M | $114.57M | $-22.70M | $482.25M | $1.06B | $92.67M | $215.04M | $630.80M |
| Common Stock Issued | $- | $- | $202.37M | $267.77M | $658.36M | $1.84B | $- | $- | $50.00M | $- |
| Common Stock Repurchased | $-10.22M | $-7.43M | $-4.42M | $-11.25M | $-6.01M | $-2.38M | $-9.49M | $-4.12M | $- | $-12.35M |
| Dividends Paid | $-96.60M | $-150.11M | $-149.19M | $-131.41M | $-118.98M | $-96.80M | $-81.54M | $-71.82M | $-70.35M | $-61.59M |
| Other Financing Activities | $195.56M | $39.59M | $-123.56M | $174.40M | $-18.19M | $3.15M | $1.54M | $7.98M | $531.00K | $-21.14M |
| Net Cash Used Provided by Financing Activities | $161.77M | $333.28M | $133.15M | $414.08M | $492.48M | $388.61M | $968.97M | $24.71M | $195.22M | $535.72M |
| Effect of Forex Changes on Cash | $6.32M | $-1.15M | $4.69M | $-7.72M | $3.26M | $-3.08M | $174.00K | $482.00K | $-1.45M | $567.00K |
| Net Change in Cash | $22.04M | $-3.73M | $-3.29M | $4.80M | $5.24M | $76.64M | $17.67M | $5.69M | $15.56M | $-13.95M |
| Cash at End of Period | $181.28M | $159.24M | $162.97M | $166.27M | $161.47M | $156.22M | $79.59M | $61.91M | $56.23M | $40.66M |
| Cash at Beginning of Period | $159.24M | $162.97M | $166.27M | $161.47M | $156.22M | $79.59M | $61.91M | $56.23M | $40.66M | $54.61M |
| Operating Cash Flow | $292.17M | $297.85M | $430.24M | $265.50M | $235.11M | $240.06M | $209.39M | $192.45M | $76.75M | $4.56M |
| Capital Expenditure | $-436.20M | $-687.20M | $-151.33M | $-250.62M | $-518.60M | $-847.73M | $-185.79M | $-135.66M | $-351.26M | $-296.15M |
| Free Cash Flow | $-144.03M | $-389.35M | $278.91M | $14.88M | $-283.49M | $-607.66M | $23.60M | $56.80M | $-274.50M | $-291.60M |