Ormat Technologies (ORA) Financial Statements
Price: $71.795
Market Cap: $4.34B
Avg Volume: 551.40K
Market Cap: $4.34B
Avg Volume: 551.40K
Country: US
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 Ormat Technologies.
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 | $879.65M | $829.42M | $734.16M | $663.08M | $705.34M | $746.04M | $719.27M | $692.81M | $662.59M | $594.64M |
| Cost of Revenue | $607.03M | $565.41M | $465.33M | $398.75M | $429.07M | $476.72M | $448.83M | $424.36M | $391.80M | $376.37M |
| Gross Profit | $272.62M | $264.02M | $268.82M | $264.34M | $276.27M | $269.32M | $270.44M | $268.45M | $270.80M | $218.28M |
| Gross Profit Ratio | 30.99% | 31.80% | 36.62% | 39.90% | 39.17% | 36.10% | 37.60% | 38.75% | 40.87% | 36.71% |
| Research and Development Expenses | $6.50M | $7.21M | $5.08M | $4.13M | $5.39M | $4.65M | $4.18M | $3.16M | $2.76M | $1.78M |
| General and Administrative Expenses | $80.12M | $68.18M | $61.27M | $75.90M | $60.23M | $55.83M | $47.75M | $42.88M | $46.71M | $34.78M |
| Selling and Marketing Expenses | $17.69M | $18.31M | $16.19M | $15.20M | $17.38M | $15.05M | $19.80M | $15.60M | $16.42M | $16.08M |
| Selling General and Administrative Expenses | $97.81M | $86.48M | $77.47M | $91.10M | $77.61M | $70.88M | $67.55M | $58.48M | $63.13M | $50.86M |
| Other Expenses | $-4.17M | $3.73M | $33.18M | $29.45M | $27.14M | $21.75M | $26.78M | $16.21M | $11.16M | $23.44M |
| Operating Expenses | $100.15M | $97.43M | $82.55M | $95.23M | $83.00M | $75.53M | $71.73M | $61.64M | $65.90M | $52.64M |
| Cost and Expenses | $707.18M | $662.84M | $547.88M | $493.98M | $512.07M | $552.25M | $520.57M | $486.00M | $457.69M | $429.00M |
| Interest Income | $7.88M | $11.98M | $3.42M | $2.12M | $1.72M | $1.51M | $974.00K | $988.00K | $971.00K | $297.00K |
| Interest Expense | $134.03M | $98.88M | $87.74M | $82.66M | $77.95M | $80.38M | $70.92M | $54.14M | $67.39M | $72.58M |
| Depreciation and Amortization | $262.86M | $230.96M | $204.05M | $178.68M | $151.13M | $142.71M | $128.07M | $107.57M | $107.63M | $107.21M |
| EBITDA | $512.27M | $468.93M | $387.40M | $364.89M | $397.80M | $193.80M | $336.18M | $332.45M | $306.65M | $272.46M |
| EBITDA Ratio | 58.24% | 56.54% | 30.36% | 30.26% | 31.49% | 29.10% | 31.48% | 32.33% | 32.75% | 31.85% |
| Operating Income | $172.47M | $166.59M | $24.08M | $17.71M | $65.51M | $68.30M | $185.11M | $205.02M | $201.88M | $164.06M |
| Operating Income Ratio | 19.61% | 20.08% | 3.28% | 2.67% | 9.29% | 9.16% | 25.74% | 29.59% | 30.47% | 27.59% |
| Total Other Income Expenses Net | $-57.09M | $-27.50M | $-57.19M | $-65.81M | $-45.30M | $-56.49M | $-47.93M | $-34.29M | $-60.79M | $-50.46M |
| Income Before Tax | $115.38M | $139.09M | $95.61M | $103.55M | $168.72M | $137.30M | $137.18M | $170.73M | $141.09M | $113.60M |
| Income Before Tax Ratio | 13.12% | 16.77% | 13.02% | 15.62% | 23.92% | 18.40% | 19.07% | 24.64% | 21.29% | 19.10% |
| Income Tax Expense | $-16.29M | $5.98M | $14.74M | $24.85M | $67.00M | $45.61M | $34.73M | $-1.41M | $31.84M | $-15.26M |
| Net Income | $123.73M | $124.40M | $65.84M | $62.09M | $85.46M | $88.09M | $97.97M | $170.73M | $93.93M | $119.57M |
| Net Income Ratio | 14.07% | 15.00% | 8.97% | 9.36% | 12.12% | 11.81% | 13.62% | 24.64% | 14.18% | 20.11% |
| EPS | $2.05 | $2.09 | $1.17 | $1.11 | $1.66 | $1.73 | $1.93 | $2.64 | $1.79 | $2.48 |
| EPS Diluted | $2.04 | $2.08 | $1.17 | $1.10 | $1.65 | $1.72 | $1.92 | $2.61 | $1.77 | $2.45 |
| Weighted Average Shares Outstanding | 60.45M | 59.42M | 56.06M | 56.00M | 51.57M | 50.87M | 50.64M | 50.11M | 49.47M | 48.56M |
| Weighted Average Shares Outstanding Diluted | 60.79M | 59.76M | 56.50M | 56.40M | 51.94M | 51.23M | 50.97M | 50.77M | 50.14M | 49.19M |
| 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 | $205.77M | $195.81M | $95.87M | $239.28M | $448.25M | $71.17M | $98.80M | $47.82M | $230.21M | $185.92M |
| Short Term Investments | $-111.38M | $- | $- | $43.34M | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $94.39M | $195.81M | $95.87M | $282.62M | $448.25M | $71.17M | $98.80M | $47.82M | $230.21M | $185.92M |
| Net Receivables | $244.09M | $271.60M | $177.64M | $150.78M | $191.70M | $214.94M | $199.10M | $165.18M | $150.49M | $88.31M |
| Inventory | $38.09M | $45.04M | $22.83M | $28.45M | $35.32M | $34.95M | $45.02M | $19.55M | $12.00M | $18.07M |
| Other Current Assets | $170.55M | $133.56M | $160.38M | $158.23M | $103.88M | $94.60M | $130.13M | $89.09M | $80.13M | $82.84M |
| Total Current Assets | $547.12M | $646.00M | $456.72M | $601.93M | $779.15M | $415.66M | $473.06M | $321.65M | $472.83M | $375.14M |
| Property Plant Equipment Net | $3.53B | $3.84B | $3.41B | $3.04B | $2.61B | $2.38B | $2.22B | $2.03B | $1.86B | $1.81B |
| Goodwill | $151.02M | $90.54M | $90.33M | $89.95M | $24.57M | $20.14M | $19.95M | $21.04M | $6.65M | $- |
| Intangible Assets | $301.75M | $307.61M | $333.85M | $363.31M | $194.42M | $186.22M | $199.87M | $85.42M | $52.75M | $25.88M |
| Goodwill and Intangible Assets | $452.77M | $398.15M | $424.17M | $453.27M | $218.99M | $206.36M | $219.82M | $106.46M | $59.40M | $25.88M |
| Long Term Investments | $- | $125.44M | $115.69M | $105.89M | $98.22M | $81.14M | $71.98M | $34.08M | $-35.38M | $-32.65M |
| Tax Assets | $153.94M | $152.57M | $161.37M | $143.45M | $119.30M | $129.51M | $113.76M | $20.14M | $35.38M | $32.65M |
| Other Non-Current Assets | $978.40M | $44.63M | $39.76M | $78.92M | $66.99M | $38.28M | $21.45M | $55.97M | $66.25M | $83.86M |
| Total Non-Current Assets | $5.12B | $4.56B | $4.15B | $3.82B | $3.11B | $2.83B | $2.65B | $2.24B | $1.99B | $1.92B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $5.67B | $5.21B | $4.61B | $4.43B | $3.89B | $3.25B | $3.12B | $2.57B | $2.46B | $2.29B |
| Account Payables | $124.70M | $140.69M | $77.55M | $75.16M | $75.78M | $73.27M | $56.30M | $64.29M | $48.31M | $41.36M |
| Short Term Debt | $109.99M | $303.82M | $185.70M | $391.72M | $86.99M | $231.86M | $227.18M | $109.31M | $65.97M | $62.65M |
| Tax Payables | $12.70M | $7.00M | $11.66M | $11.04M | $21.29M | $14.38M | $11.44M | $45.54M | $10.71M | $14.96M |
| Deferred Revenue | $- | $19.44M | $8.79M | $9.25M | $11.18M | $2.75M | $18.40M | $20.24M | $31.63M | $33.89M |
| Other Current Liabilities | $350.69M | $66.06M | $59.15M | $65.07M | $64.59M | $83.46M | $67.03M | $64.21M | $32.06M | $69.52M |
| Total Current Liabilities | $598.08M | $537.01M | $343.91M | $544.16M | $248.65M | $376.48M | $361.94M | $283.35M | $189.25M | $188.50M |
| Long Term Debt | $517.72M | $1.81B | $1.87B | $1.54B | $1.40B | $1.04B | $1.04B | $804.29M | $872.87M | $838.75M |
| Deferred Revenue Non-Current | $- | $- | $83.47M | $241.27M | $205.48M | $1.20M | $48.43M | $51.52M | $54.56M | $58.10M |
| Deferred Tax Liabilities Non-Current | $68.62M | $66.75M | $83.47M | $84.66M | $87.97M | $97.13M | $61.32M | $17.61M | $35.38M | $32.65M |
| Other Non-Current Liabilities | $1.92B | $341.61M | $286.63M | $246.22M | $201.89M | $213.88M | $155.22M | $127.04M | $139.50M | $72.11M |
| Total Non-Current Liabilities | $2.51B | $2.22B | $2.24B | $1.87B | $1.70B | $1.36B | $1.31B | $1.00B | $1.10B | $1.02B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $3.11B | $2.76B | $2.58B | $2.42B | $1.95B | $1.74B | $1.68B | $1.28B | $1.29B | $1.21B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $- | $60.00K | $56.00K | $56.00K | $56.00K | $51.00K | $51.00K | $51.00K | $50.00K | $49.00K |
| Retained Earnings | $- | $719.89M | $623.91M | $585.21M | $550.10M | $487.87M | $422.22M | $313.88M | $216.64M | $148.40M |
| Accumulated Other Comprehensive Income Loss | $-6.73M | $-1.33M | $2.50M | $-2.19M | $-6.62M | $-8.65M | $-3.80M | $-4.31M | $-7.73M | $-7.67M |
| Other Total Stockholders Equity | $4.58B | $1.60B | $1.24B | $1.27B | $1.26B | $913.15M | $901.36M | $888.78M | $869.46M | $849.22M |
| Total Stockholders Equity | $4.57B | $2.32B | $1.87B | $1.85B | $1.81B | $1.39B | $1.32B | $1.20B | $1.08B | $990.00M |
| Total Equity | $4.57B | $2.45B | $2.03B | $2.01B | $1.94B | $1.52B | $1.45B | $1.28B | $1.17B | $1.08B |
| Total Liabilities and Stockholders Equity | $5.67B | $5.21B | $4.61B | $4.43B | $3.89B | $3.25B | $3.12B | $2.57B | $2.46B | $2.29B |
| Minority Interest | $- | $136.16M | $162.99M | $152.79M | $135.45M | $122.99M | $125.26M | $84.32M | $91.58M | $93.87M |
| Total Liabilities and Total Equity | $5.67B | $5.21B | $4.61B | $4.43B | $3.89B | $3.25B | $3.12B | $2.57B | $2.46B | $2.29B |
| Total Investments | $144.59M | $125.44M | $115.69M | $149.23M | $98.22M | $81.14M | $71.98M | $34.08M | $-35.38M | $-32.65M |
| Total Debt | $598.65M | $2.12B | $2.05B | $1.93B | $1.48B | $1.27B | $1.27B | $913.60M | $938.84M | $920.47M |
| Net Debt | $392.88M | $1.92B | $1.96B | $1.70B | $1.04B | $1.20B | $1.17B | $865.78M | $708.63M | $734.55M |
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 | $131.24M | $124.40M | $77.80M | $76.08M | $101.81M | $93.54M | $110.11M | $170.18M | $101.52M | $123.35M |
| Depreciation and Amortization | $262.86M | $230.96M | $198.79M | $182.97M | $156.61M | $148.76M | $132.23M | $115.15M | $105.98M | $107.21M |
| Deferred Income Tax | $-16.29M | $-23.46M | $-31.30M | $-11.56M | $-19.66M | $20.69M | $13.63M | $-72.91M | $6.86M | $-54.12M |
| Stock Based Compensation | $20.20M | $15.48M | $11.65M | $9.17M | $9.83M | $9.36M | $10.22M | $8.76M | $5.16M | $3.96M |
| Change in Working Capital | $-1.49M | $-44.49M | $-21.98M | $-4.37M | $15.03M | $-31.95M | $-124.54M | $24.29M | $-68.72M | $-374.00K |
| Accounts Receivables | $- | $-99.60M | $-19.93M | $26.74M | $3.52M | $-15.13M | $-29.93M | $-24.04M | $-33.28M | $-3.81M |
| Inventory | $- | $-22.20M | $5.61M | $4.13M | $178.00K | $5.50M | $-9.32M | $-1.07M | $6.30M | $-1.14M |
| Accounts Payables | $- | $68.59M | $-2.04M | $-30.25M | $2.90M | $-7.42M | $-83.45M | $-1.38M | $-1.38M | $-339.00K |
| Other Working Capital | $-1.49M | $8.73M | $-5.62M | $-4.99M | $8.42M | $-14.89M | $-1.84M | $50.77M | $-40.37M | $4.92M |
| Other Non Cash Items | $14.40M | $6.52M | $46.02M | $6.53M | $1.39M | $-3.91M | $4.17M | $104.00K | $8.49M | $10.01M |
| Net Cash Provided by Operating Activities | $410.92M | $309.40M | $280.97M | $258.82M | $265.00M | $236.49M | $145.82M | $245.57M | $159.28M | $190.03M |
| Investments in Property Plant and Equipment | $-487.68M | $-618.38M | $-563.48M | $-419.27M | $-320.74M | $-279.99M | $-258.52M | $-260.10M | $-151.93M | $-152.95M |
| Acquisitions Net | $-293.60M | $- | $-4.51M | $-177.40M | $-64.36M | $-10.67M | $-96.53M | $-85.95M | $-23.70M | $139.22M |
| Purchases of Investments | $- | $- | $-19.19M | $-60.07M | $-20.96M | $279.99M | $-2.19M | $-108.70M | $-1.86M | $- |
| Sales Maturities of Investments | $- | $221.00K | $63.17M | $19.46M | $845.00K | $687.00K | $2.19M | $526.00K | $1.86M | $2.84M |
| Other Investing Activities | $1.02M | $-10.18M | $600.00K | $-911.00K | $19.24M | $-244.55M | $12.61M | $86.10M | $17.10M | $59.14M |
| Net Cash Used for Investing Activities | $-780.25M | $-628.34M | $-523.41M | $-638.19M | $-385.97M | $-254.54M | $-342.43M | $-368.12M | $-158.53M | $-90.97M |
| Debt Repayment | $328.01M | $60.81M | $147.69M | $178.77M | $190.44M | $-32.55M | $256.88M | $-30.86M | $26.47M | $-60.34M |
| Common Stock Issued | $- | $341.67M | $- | $311.00K | $339.47M | $2.43M | $- | $16.11M | $- | $6.08M |
| Common Stock Repurchased | $- | $- | $-17.96M | $- | $- | $-2.43M | $- | $- | $- | $- |
| Dividends Paid | $-29.11M | $-28.41M | $-27.14M | $-26.99M | $-22.47M | $-22.39M | $-26.83M | $-20.51M | $-25.68M | $-12.72M |
| Other Financing Activities | $-10.98M | $5.90M | $23.70M | $34.29M | $-3.96M | $49.17M | $21.09M | $-8.47M | $-17.14M | $119.69M |
| Net Cash Used Provided by Financing Activities | $287.92M | $379.96M | $126.71M | $187.90M | $503.48M | $-5.76M | $251.13M | $-59.85M | $43.54M | $46.63M |
| Effect of Forex Changes on Cash | $-579.00K | $72.00K | $-609.00K | $-348.00K | $1.15M | $-575.00K | $-660.00K | $- | $- | $- |
| Net Change in Cash | $-82.00M | $61.09M | $-116.77M | $-193.33M | $383.67M | $-24.39M | $80.85M | $-182.40M | $44.30M | $145.69M |
| Cash at End of Period | $205.77M | $287.77M | $226.68M | $343.44M | $536.78M | $153.11M | $177.50M | $47.82M | $230.21M | $185.92M |
| Cash at Beginning of Period | $287.77M | $226.68M | $343.44M | $536.78M | $153.11M | $177.50M | $96.64M | $230.21M | $185.92M | $40.23M |
| Operating Cash Flow | $410.92M | $309.40M | $280.97M | $258.82M | $265.00M | $236.49M | $145.82M | $245.57M | $159.28M | $190.03M |
| Capital Expenditure | $-487.68M | $-618.38M | $-563.48M | $-419.27M | $-320.74M | $-279.99M | $-258.52M | $-260.10M | $-151.93M | $-152.95M |
| Free Cash Flow | $-76.76M | $-308.98M | $-282.50M | $-160.45M | $-55.73M | $-43.49M | $-112.70M | $-14.53M | $7.36M | $37.08M |