See more : Aerospace CH UAV Co.,Ltd (002389.SZ) Income Statement Analysis – Financial Results
Complete financial analysis of Ormat Technologies, Inc. (ORA) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Ormat Technologies, Inc., a leading company in the Renewable Utilities industry within the Utilities sector.
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Ormat Technologies, Inc. (ORA)
About Ormat Technologies, Inc.
Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guadeloupe, Guatemala, Ethiopia, New Zealand, Honduras, and internationally. It operates through three segments: Electricity, Product, and Energy Storage. The Electricity segment develops, builds, owns, and operates geothermal, solar photovoltaic, and recovered energy-based power plants; and sells electricity. The Product segment designs, manufactures, and sells equipment for geothermal, recovered energy-based electricity generation, and remote power units, such as fossil fuel powered turbo-generators and heavy duty direct-current generators; and provides services relating to the engineering, procurement, construction, operation, and maintenance of geothermal and recovered energy-based power plants. The Product segment serves contractors; developers, owners, and operators of geothermal power plants; and owners and operators of interstate natural gas pipelines, gas processing plants, and cement plants, as well as companies in other energy-intensive industrial processes. The Energy Storage segment offers energy storage and related services, as well as services relating to the engineering, procurement, construction, operation, and maintenance of energy storage units. Ormat Technologies, Inc. was founded in 1965 and is based in Reno, Nevada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 829.42M | 734.16M | 663.08M | 705.34M | 746.04M | 719.27M | 692.81M | 662.59M | 594.64M | 559.52M | 533.24M | 514.41M | 437.01M | 373.23M | 415.24M | 344.83M | 295.92M | 268.94M | 237.99M | 219.23M | 119.44M | 85.63M | 47.92M |
| Cost of Revenue | 565.41M | 465.34M | 398.75M | 429.07M | 476.72M | 448.83M | 424.36M | 391.80M | 376.37M | 355.77M | 373.42M | 379.98M | 320.11M | 295.60M | 292.61M | 242.81M | 216.73M | 175.57M | 148.85M | 136.08M | 76.22M | 50.78M | 29.99M |
| Gross Profit | 264.02M | 268.82M | 264.34M | 276.28M | 269.32M | 270.44M | 268.45M | 270.80M | 218.28M | 203.75M | 159.82M | 134.43M | 116.90M | 77.63M | 122.64M | 102.03M | 79.19M | 93.37M | 89.14M | 83.15M | 43.22M | 34.85M | 17.93M |
| Gross Profit Ratio | 31.83% | 36.62% | 39.86% | 39.17% | 36.10% | 37.60% | 38.75% | 40.87% | 36.71% | 36.42% | 29.97% | 26.13% | 26.75% | 20.80% | 29.53% | 29.59% | 26.76% | 34.72% | 37.46% | 37.93% | 36.19% | 40.70% | 37.41% |
| Research & Development | 7.22M | 5.08M | 4.13M | 5.40M | 4.65M | 4.18M | 3.16M | 2.76M | 1.78M | 783.00K | 4.97M | 6.11M | 8.80M | 10.12M | 10.50M | 4.60M | 3.66M | 2.98M | 3.04M | 2.18M | 1.39M | 1.50M | 1.73M |
| General & Administrative | 68.18M | 61.27M | 75.90M | 60.23M | 55.83M | 47.75M | 42.88M | 46.71M | 34.78M | 28.61M | 29.19M | 28.27M | 27.89M | 27.44M | 26.41M | 36.82M | 32.06M | 28.46M | 22.20M | 19.38M | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 18.31M | 16.19M | 15.20M | 17.38M | 15.05M | 19.80M | 15.60M | 16.42M | 16.08M | 15.43M | 24.61M | 16.12M | 16.21M | 13.45M | 14.58M | 10.89M | 10.65M | 10.36M | 7.88M | 7.77M | 0.00 | 0.00 | 0.00 |
| SG&A | 86.49M | 77.47M | 91.10M | 77.61M | 70.88M | 67.55M | 58.48M | 63.13M | 50.86M | 44.04M | 53.80M | 44.39M | 44.09M | 40.89M | 41.00M | 36.82M | 32.06M | 28.46M | 22.20M | 19.38M | 16.34M | 13.12M | 0.00 |
| Other Expenses | 3.73M | 33.18M | 29.45M | 27.14M | 21.75M | 26.78M | 16.21M | 11.16M | 23.44M | 24.90M | 21.54M | 10.72M | 0.00 | 0.00 | 0.00 | -4.20M | -2.02M | 0.00 | 0.00 | -146.00K | 16.34M | 13.12M | 0.00 |
| Operating Expenses | 97.43M | 82.55M | 95.23M | 83.01M | 75.53M | 71.74M | 61.64M | 65.90M | 52.64M | 44.82M | 58.77M | 50.50M | 52.89M | 51.01M | 51.50M | 37.22M | 33.70M | 31.44M | 25.23M | 21.41M | 17.73M | 14.63M | 1.73M |
| Cost & Expenses | 662.84M | 547.88M | 493.98M | 512.07M | 552.25M | 520.57M | 486.00M | 457.69M | 429.00M | 400.60M | 432.19M | 430.48M | 373.00M | 346.61M | 344.10M | 280.03M | 250.44M | 207.01M | 174.08M | 157.49M | 93.95M | 65.40M | 31.72M |
| Interest Income | 11.98M | 3.42M | 2.12M | 1.72M | 1.52M | 974.00K | 988.00K | 971.00K | 297.00K | 312.00K | 1.33M | 1.20M | 1.43M | 343.00K | 639.00K | 3.12M | 6.57M | 6.56M | 4.31M | 0.00 | 542.00K | 0.00 | 0.00 |
| Interest Expense | 98.88M | 87.74M | 82.66M | 77.95M | 80.38M | 70.92M | 54.14M | 67.39M | 72.58M | 84.65M | 73.78M | 64.07M | 69.46M | 40.47M | 16.24M | 14.95M | 0.00 | 30.96M | 55.32M | 0.00 | 8.06M | 0.00 | 0.00 |
| Depreciation & Amortization | 230.96M | 204.05M | 178.68M | 151.13M | 142.71M | 128.07M | 107.57M | 107.63M | 107.21M | 100.80M | 92.93M | 102.34M | 96.40M | 86.76M | 61.69M | 57.44M | 47.80M | 40.75M | 34.58M | 37.11M | 16.62M | 14.48M | 11.98M |
| EBITDA | 468.93M | 387.40M | 364.89M | 397.80M | 193.80M | 336.18M | 332.45M | 306.65M | 272.47M | 143.49M | 217.84M | -43.63M | 174.22M | 159.27M | 71.78M | 122.07M | 99.14M | 112.89M | 87.70M | 100.83M | 41.96M | 35.03M | 16.20M |
| EBITDA Ratio | 56.54% | 30.36% | 30.26% | 31.49% | 29.10% | 31.48% | 32.33% | 32.75% | 31.85% | 32.91% | 23.24% | 18.63% | 14.97% | 17.12% | 17.29% | 39.90% | 33.04% | 38.18% | 41.35% | 44.40% | 35.13% | 39.51% | 33.80% |
| Operating Income | 166.59M | 24.08M | 17.71M | 65.51M | 68.30M | 185.11M | 205.02M | 201.88M | 164.06M | 143.49M | 96.96M | -155.09M | 64.01M | 23.57M | 68.77M | 60.61M | 43.46M | 61.93M | 63.91M | 62.44M | 25.49M | 20.23M | 4.22M |
| Operating Income Ratio | 20.08% | 3.28% | 2.67% | 9.29% | 9.16% | 25.74% | 29.59% | 30.47% | 27.59% | 25.65% | 18.18% | -30.15% | 14.65% | 6.31% | 16.56% | 17.58% | 14.69% | 23.03% | 26.85% | 28.48% | 21.34% | 23.62% | 8.80% |
| Total Other Income/Expenses | -27.50M | -57.19M | -65.81M | -45.30M | -56.49M | -47.93M | -34.29M | -60.79M | -50.46M | -57.65M | -45.82M | -56.72M | -57.24M | 7.21M | 14.57M | -11.51M | -22.89M | -24.41M | -50.94M | -41.50M | -7.33M | -4.70M | -2.24M |
| Income Before Tax | 139.09M | 95.61M | 103.55M | 168.72M | 137.30M | 137.18M | 170.73M | 141.09M | 113.60M | 85.84M | 51.14M | -206.99M | 6.77M | 30.78M | 83.34M | 44.90M | 20.57M | 37.52M | 12.97M | 20.94M | 18.17M | 14.65M | 1.98M |
| Income Before Tax Ratio | 16.77% | 13.02% | 15.62% | 23.92% | 18.40% | 19.07% | 24.64% | 21.29% | 19.10% | 15.34% | 9.59% | -40.24% | 1.55% | 8.25% | 20.07% | 13.02% | 6.95% | 13.95% | 5.45% | 9.55% | 15.21% | 17.11% | 4.13% |
| Income Tax Expense | 5.98M | 14.74M | 24.85M | 67.00M | 45.61M | 34.73M | -1.41M | 31.84M | -15.26M | 27.61M | 13.55M | -2.86M | 48.54M | -1.10M | 16.92M | 7.96M | 1.82M | 6.40M | 4.69M | 6.61M | 2.51M | 6.14M | 3.07M |
| Net Income | 124.40M | 65.84M | 62.09M | 85.46M | 88.10M | 97.97M | 170.73M | 93.93M | 119.57M | 54.18M | 41.24M | -207.07M | -43.06M | 37.32M | 68.85M | 49.83M | 27.38M | 34.45M | 15.18M | 17.79M | 15.45M | -1.04M | -6.41M |
| Net Income Ratio | 15.00% | 8.97% | 9.36% | 12.12% | 11.81% | 13.62% | 24.64% | 14.18% | 20.11% | 9.68% | 7.73% | -40.25% | -9.85% | 10.00% | 16.58% | 14.45% | 9.25% | 12.81% | 6.38% | 8.12% | 12.94% | -1.22% | -13.38% |
| EPS | 2.09 | 1.17 | 1.11 | 1.66 | 1.73 | 1.93 | 2.64 | 1.79 | 2.48 | 1.19 | 0.91 | -4.56 | -0.95 | 0.82 | 1.52 | 0.99 | 0.71 | 1.00 | 0.48 | 0.72 | 0.66 | -0.05 | -0.21 |
| EPS Diluted | 2.08 | 1.17 | 1.10 | 1.65 | 1.72 | 1.92 | 2.61 | 1.77 | 2.45 | 1.18 | 0.91 | -4.56 | -0.95 | 0.82 | 1.51 | 0.98 | 0.70 | 0.99 | 0.48 | 0.72 | 0.66 | -0.05 | -0.21 |
| Weighted Avg Shares Out | 59.42M | 56.06M | 56.00M | 51.57M | 50.87M | 50.64M | 50.11M | 49.47M | 48.56M | 45.51M | 45.44M | 45.40M | 45.43M | 45.43M | 45.39M | 44.18M | 38.76M | 34.59M | 31.56M | 24.81M | 23.21M | 23.21M | 30.77M |
| Weighted Avg Shares Out (Dil) | 59.76M | 56.50M | 56.40M | 51.94M | 51.23M | 50.97M | 50.77M | 50.14M | 49.19M | 45.86M | 45.48M | 45.43M | 45.43M | 45.45M | 45.53M | 44.30M | 38.88M | 34.71M | 31.61M | 30.79M | 23.21M | 23.21M | 30.77M |
Ormat Technologies Reports Fourth Quarter and Year-End 2023 Financial Results
DELIVERED A 77.8% INCREASE IN ANNUAL DILUTED EPS AND A 25.0% INCREASE IN ANNUAL ADJUSTED DILUTED EPS COMPARED TO PRIOR YEAR
Ormat Technologies (ORA) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Ormat Technologies (ORA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Ormat Secures Approval for PPA Amendments Between Its Puna Geothermal Venture and Hawaiian Electric
Amended and restated PPA secures fixed energy rate, PPA extension and project expansion
Will Ormat Technologies (ORA) Beat Estimates Again in Its Next Earnings Report?
Ormat Technologies (ORA) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Ormat Technologies, Inc. to Host Conference Call Announcing Fourth Quarter and Year End 2023 Financial Results
RENO, Nev., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading renewable energy company, today announced that it plans to publish its fourth quarter and full year 2023 financial results in a press release that will...
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Ormat Technologies (ORA) Acquires Renewable Assets for $271M
Ormat Technologies (ORA) further expands its renewable portfolio through the acquisition of a portfolio of assets from Enel SpA.
Ormat Completed the Acquisition of Contracted Operating Geothermal and Solar Assets From Enel Green Power North America
RENO, Nev., Jan. 04, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading renewable energy company, announces that it has closed the previously announced acquisition of a portfolio of geothermal and solar assets from Enel Green Power North...
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Ormat Secures 15-Year Energy Storage Service Agreement With San Diego Community Power for Pomona 2 Energy Storage Facility
Agreement Supports SDCP's Mission to Bring Clean, Reliable Energy to Its Customers Agreement Supports SDCP's Mission to Bring Clean, Reliable Energy to Its Customers
Source: https://incomestatements.info
Category: Stock Reports