ORMAT TECHNOLOGIES, INC. company info

CIK 1296445
IRS Number 880326081
State of incorporation DE
Business address 6225 NEIL ROAD, SUITE 300
None
RENO
NV
89511-1136
Mail address 6225 NEIL ROAD, SUITE 300
None
RENO
NV
89511-1136

Short summary

ORMAT TECHNOLOGIES, INC. is a Nevada company, with head office located at 6225 Neil Road, Suite 300 Reno, Nevada 89511-1136. In 2017 the company owned a total of 2.50 billion USD worth of assets, including 332.25 million USD worth of current assets. 2016 was the year when the company amassed the most assets.

ORMAT TECHNOLOGIES, INC. Income Statement

Name [in Millions USD]20072008200920102011201220132014201520162017Trends
Revenue, Net 343.95412.01373.23425.46514.41533.24559.52594.64662.59
Cost of Goods and Services Sold 242.05291.55295.60311.68379.98373.42355.77376.37391.80
Gross Profit 101.90120.4677.63113.78134.43159.82203.75218.28270.80
Research and development 4.6010.5010.128.806.114.970.781.782.76
Operating Income (Loss) 50.6566.5923.5761.56-155.0996.96143.49164.06201.88
Interest expense 14.9516.2440.4769.4664.0773.7884.6572.5867.39
Other Nonoperating Income (Expense) 0.770.200.130.670.591.590.76-1.99-5.35
Income Tax Expense (Benefit) 5.3115.43-1.1048.24-3.0913.5527.61-15.2631.84
Net income 43.6168.8537.32-43.06-213.0241.2454.18119.5793.93

ORMAT TECHNOLOGIES, INC. Balance Sheet

Name [in Millions USD]20072008200920102011201220132014201520162017Trends
Cash and cash equivalents 47.2346.0354.2044.3466.6828.8980.1240.23192.56118.3977.21
Accounts Receivable, Net, Current 47.0672.1942.3267.5578.7648.6159.0479.5998.38
Inventories 15.1814.4118.1217.9118.2916.9316.6918.5718.69
Deferred income taxes 3.571.362.260.372.480.25
Property, Plant and Equipment, Gross 1,790.661,973.331,797.542,053.402,126.552,344.792,436.86
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 365.19454.79544.67601.07688.92785.45880.48
Goodwill 20.1220.67
Available-for-sale Securities, Noncurrent 1.300
Intangible Assets, Net (Excluding Goodwill) 38.6837.1533.8630.3028.6624.2486.9986.81
Total assets 1,940.762,110.812,294.102,137.902,144.932,276.552,273.012,510.632,503.74
Current assets 189.30215.43275.46268.49306.82273.87380.24387.24332.25
Total current liabilities 150.88145.13198.32208.59225.99205.75193.15214.18193.46
Long-term Debt 810.96957.32965.841,001.41920.47956.53
Deferred Revenue, Noncurrent 72.1970.0167.6964.9462.0360.5656.9353.0452.27
Deferred income taxes 47.3829.0059.7649.6963.8866.2221.9144.1154.50
Total liabilities 1,033.681,163.101,369.891,414.191,374.331,334.811,155.581,277.141,239.81
Common Stock, Value, Issued 0.050.050.050.050.050.050.050.050.05
Retained Earnings (Accumulated Deficit) 189.63216.36187.05-24.2022.6041.54183.02274.57289.56
Accumulated Other Comprehensive Income (Loss), Net of Tax 0.470.730.480.57-3.67-8.67-12.84-6.93-5.63

ORMAT TECHNOLOGIES, INC. Cash Flow

Name [in Millions USD]20072008200920102011201220132014201520162017Trends
Net income 43.6168.8537.32-43.06-213.0241.2454.18119.5793.93
Depreciation and amortization 86.7696.40102.3492.93100.80107.21105.98
Depreciation 60.8180.6789.6089.8891.7987.9095.2094.80
Amortization of Intangible Assets 3.183.283.293.283.303.284.40
Depreciation and amortization 60.1364.3886.7693.53102.3492.93100.80107.21105.98
Deferred Income Tax Expense (Benefit) 3.243.96-10.1438.06-4.749.2513.14-34.7418.07
Inventories 3.411.76-2.950.008.131.62-5.361.14-6.30
Net Cash Provided by (Used in) Operating Activities 110.77101.40132.7389.4786.76213.24190.03159.29
Payments to Acquire Property, Plant, and Equipment 269.68233.02204.63158.78152.45151.93
Payments to Acquire Productive Assets 270.62283.45269.68233.02
Payments to Acquire Businesses, Net of Cash Acquired 18.5064.5220.14
Payments to Acquire Intangible Assets 1.471.790.50
Net Cash Provided by (Used in) Investing Activities -398.99-286.04-203.82-341.00-100.79-157.15-129.16-90.97-158.53
Proceeds from Issuance of Long-term Debt 23720214.059014042142.50
Payments of Ordinary Dividends, Common Stock 8.9111.3512.265.923.643.649.5612.7225.68
Net Cash Provided by (Used in) Financing Activities 269.29187.04138.93225.34-21.9461.12-101.2046.6443.54
Cash and Cash Equivalents, Period Increase (Decrease) -12.8311.9136.5117.07-33.26-9.27-17.12145.6944.30