GREENBACKER RENEWABLE ENERGY CO LLC Financial Statements (2025 and earlier)
Company Profile
| Business Address |
C/O GREENBACKER CAPITAL MANAGEMENT LLC NEW YORK, NY 10169 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4911 - Electric Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 96,872 | 143,224 | 92,180 | 15,849 | 8,637 | 39,123 | |||
| Cash and cash equivalents | 96,872 | 143,224 | 92,180 | 15,849 | 8,637 | 39,123 | |||
| Restricted cash and investments | 85,235 | 47,474 | |||||||
| Receivables | 51,801 | 79,547 | |||||||
| Derivative instruments and hedges, assets | 24,062 | 24,447 | |||||||
| Business combination, contingent consideration, asset | |||||||||
| Other current assets | 33,938 | 29,624 | 11,695 | 3,199 | 612 | 201 | |||
| Total current assets: | 291,908 | 324,316 | 103,875 | 19,047 | 9,248 | 39,324 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 52 | ✕ | |||||||
| Operating lease, right-of-use asset | 108,606 | ✕ | |||||||
| Property, plant and equipment | 439,400 | 1,889,706 | |||||||
| Long-term investments and receivables | 10,184 | ||||||||
| Accounts and financing receivable, after allowance for credit loss | 10,184 | ||||||||
| Intangible assets, net (including goodwill) | 674,528 | 761,935 | |||||||
| Goodwill | 221,314 | 221,314 | |||||||
| Intangible assets, net (excluding goodwill) | 453,214 | 540,621 | |||||||
| Derivative instruments and hedges | 118,106 | 171,393 | |||||||
| Restricted cash and investments | 5,568 | ||||||||
| Deferred costs | 6,800 | ||||||||
| Deferred income tax assets | 100 | 1,314 | ✕ | ||||||
| Other noncurrent assets | 140,740 | 147,339 | |||||||
| Other undisclosed noncurrent assets | 1,663,613 | 92,554 | |||||||
| Total noncurrent assets: | 3,167,697 | 3,062,927 | 1,314 | ||||||
| Other undisclosed assets | 1,478,684 | 669,329 | 498,911 | 314,621 | |||||
| TOTAL ASSETS: | 3,459,605 | 3,387,242 | 1,582,559 | 688,376 | 509,473 | 353,945 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 79,288 | 50,702 | 2,298 | 582 | 419 | 727 | |||
| Other undisclosed accounts payable and accrued liabilities | 79,288 | 50,702 | 2,298 | 582 | 419 | 727 | |||
| Debt | 82,871 | 95,870 | |||||||
| Business combination, contingent consideration, liability | 16,546 | 25,891 | |||||||
| Other liabilities | 7,636 | 10,861 | |||||||
| Other undisclosed current liabilities | 77,387 | 41,868 | |||||||
| Total current liabilities: | 263,728 | 225,192 | 2,298 | 582 | 419 | 727 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 935,434 | 850,760 | 68,887 | ||||||
| Long-term debt, excluding current maturities | 935,397 | 850,760 | 68,887 | ||||||
| Finance lease, liability | 37 | ✕ | |||||||
| Liabilities, other than long-term debt | 262,901 | 302,462 | 26,707 | 17,868 | |||||
| Deferred income tax liabilities | 58,696 | 85,655 | 26,707 | 17,868 | ✕ | ||||
| Other liabilities | 47,659 | 39,826 | |||||||
| Operating lease, liability | 108,406 | 101,281 | ✕ | ||||||
| Business combination, contingent consideration, liability | 42,307 | 75,700 | |||||||
| Derivative instruments and hedges, liabilities | 5,833 | ||||||||
| Other undisclosed noncurrent liabilities | 364,577 | 218,112 | |||||||
| Total noncurrent liabilities: | 1,562,912 | 1,371,335 | 26,707 | 17,868 | 68,887 | ||||
| Other undisclosed liabilities | 114,243 | 114,375 | 16,715 | 33,161 | |||||
| Total liabilities: | 1,826,640 | 1,596,527 | 143,248 | 132,825 | 86,021 | 33,888 | |||
| Temporary equity, carrying amount | 2,034 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,509,665 | 1,704,674 | 1,439,311 | 555,552 | 416,554 | 318,260 | |||
| Common stock | 198 | 198 | 165 | 63 | 48 | 37 | |||
| Additional paid in capital | 1,770,060 | 1,763,061 | 1,468,108 | 550,896 | 416,612 | 321,742 | |||
| Accumulated other comprehensive income | 45,932 | 56,094 | |||||||
| Accumulated deficit | (306,525) | (114,680) | (19,870) | ||||||
| Other undisclosed equity, attributable to parent | (28,963) | 4,593 | (106) | 16,351 | |||||
| Other undisclosed equity | 123,300 | 84,008 | 6,898 | 1,797 | |||||
| Total equity: | 1,632,965 | 1,788,682 | 1,439,311 | 555,552 | 423,452 | 320,057 | |||
| TOTAL LIABILITIES AND EQUITY: | 3,459,605 | 3,387,242 | 1,582,559 | 688,376 | 509,473 | 353,945 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 173,165 | 28,602 | 29,331 | 30,089 | 18,768 | |||
| Net investment income | 28,631 | 21,500 | 17,173 | 18,768 | ||||
| Realized investment gains (losses) | (29) | 7,831 | 12,916 | |||||
| Cost of revenue (Cost of Goods and Services Sold) | (105,586) | (2,438) | ||||||
| Gross profit: | 67,579 | 28,602 | 29,331 | 30,089 | 16,329 | |||
| Operating expenses | (248,439) | (23,134) | (11,261) | (9,646) | (6,318) | |||
| Other operating expense, net (Other Expenses) | (4,747) | (2,068) | (490) | (107) | ||||
| Other undisclosed operating income | 3,388 | |||||||
| Operating income (loss): | (177,472) | 721 | 16,002 | 19,953 | 9,904 | |||
| Nonoperating income (expense) | 2,161 | 11 | 7,923 | 12,923 | (118) | |||
| Investment income, nonoperating | 2,428 | 7,831 | 12,916 | |||||
| Gain (loss), foreign currency transaction, before tax | 11 | 92 | 8 | (118) | ||||
| Interest and debt expense | (11) | (2,989) | (3,020) | (2,813) | (1,949) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | (175,322) | (2,257) | 20,904 | 30,064 | 7,837 | |||
| Other undisclosed loss from continuing operations before income taxes | (21,813) | |||||||
| Income (loss) from continuing operations before income taxes: | (197,135) | (2,257) | 20,904 | 30,064 | 7,837 | |||
| Income tax expense (benefit) | 21,548 | (8,839) | (11,368) | (4,738) | 1,528 | |||
| Income (loss) from continuing operations: | (175,587) | (11,096) | 9,537 | 25,325 | 9,365 | |||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (11,096) | 9,537 | 25,325 | 9,365 | |
| Other undisclosed net income | 54,117 | |||||||
| Net income (loss): | (175,587) | 43,021 | 9,537 | 25,325 | 9,365 | |||
| Net income attributable to noncontrolling interest | 96,116 | |||||||
| Net income (loss) available to common stockholders, diluted: | (79,471) | 43,021 | 9,537 | 25,325 | 9,365 | |||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (175,587) | 43,021 | 9,537 | 25,325 | 9,365 | |||
| Other comprehensive loss | (10,162) | |||||||
| Comprehensive income (loss): | (185,749) | 43,021 | 9,537 | 25,325 | 9,365 | |||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 96,116 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (89,633) | 43,021 | 9,537 | 25,325 | 9,365 | |||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.