Altus Power Inc. (AMPS) Financial Statements (2025 and earlier)

Company Profile

Business Address 2200 ATLANTIC STREET, 6TH FLOOR
STAMFORD, CT 06902
State of Incorp.
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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments160,817193,016325,983
Cash and cash equivalents160,817193,016325,983
Restricted cash and investments45,3582,4042,544
Receivables17,10013,4439,218
Other current assets5,5226,2066,659
Total current assets:228,797215,069344,404
Noncurrent Assets
Operating lease, right-of-use asset173,80494,463 
Property, plant and equipment1,619,0471,005,147745,711
Intangible assets, net (including goodwill)47,58847,62717,303
Goodwill   601
Intangible assets, net (excluding goodwill)47,58847,62716,702
Derivative instruments and hedges 5303,953 
Restricted cash and investments12,7523,9781,794
Deferred income tax assets   
Other noncurrent assets7,8316,6514,037
Total noncurrent assets:1,861,5521,161,819768,845
TOTAL ASSETS:2,090,3491,376,8881,113,249
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities16,0237,1768,085
Interest and dividends payable4,494
Accounts payable7,3382,7403,591
Accrued liabilities8,6854,436 
Deferred revenue2,940  
Debt39,61129,95921,143
Business combination, contingent consideration, liability9,51412,077 
Other liabilities  6,5273,663
Other undisclosed current liabilities38,42212,489 
Total current liabilities:106,51068,22832,891
Noncurrent Liabilities
Long-term debt and lease obligation1,163,307634,603524,837
Long-term debt, excluding current maturities1,163,307634,603524,837
Liabilities, other than long-term debt216,074127,04522,818
Deferred revenue5,620  
Asset retirement obligations17,0149,5757,628
Deferred income tax liabilities 9,83111,0119,603
Other liabilities2,9084,7005,587
Operating lease, liability180,70194,819 
Business combination, contingent consideration, liability  6,940 
Other undisclosed noncurrent liabilities79,44783,953191,165
Total noncurrent liabilities:1,458,828845,601738,820
Total liabilities:1,565,338913,829771,711
Temporary equity, carrying amount26,04418,13315,527
Equity
Equity, attributable to parent447,078424,101304,918
Common stock161615
Additional paid in capital485,063470,004406,259
Accumulated other comprehensive income17,273  
Retained earnings (accumulated deficit)(55,274)(45,919)(101,356)
Equity, attributable to noncontrolling interest51,88920,82521,093
Total equity:498,967444,926326,011
TOTAL LIABILITIES AND EQUITY:2,090,3491,376,8881,113,249

Income Statement (P&L) ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Revenues155,162101,16371,800
Gross profit:155,162101,16371,800
Operating expenses(138,064)(83,048)(37,758)
Operating income:17,09818,11534,042
Nonoperating income (expense)(43,754)35,128(20,742)
Interest and debt expense(116)(1,500)(400)
Income (loss) from continuing operations before equity method investments, income taxes:(26,772)51,74312,900
Other undisclosed income from continuing operations before income taxes1161,500400
Income (loss) from continuing operations before income taxes:(26,656)53,24313,300
Income tax expense (benefit)683(1,076)(295)
Income (loss) from continuing operations:(25,973)52,16713,005
Income before gain (loss) on sale of properties:13,005
Net income (loss):(25,973)52,16713,005
Net income (loss) attributable to noncontrolling interest16,6183,270(7,099)
Net income (loss) attributable to parent:(9,355)55,4375,906
Undistributed earnings (loss) allocated to participating securities, basic (433)(90)
Other undisclosed net income available to common stockholders, basic   
Net income (loss) available to common stockholders, diluted:(9,355)55,0045,816

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Net income (loss):(25,973)52,16713,005
Other comprehensive income17,273  
Comprehensive income (loss):(8,700)52,16713,005
Comprehensive income (loss), net of tax, attributable to noncontrolling interest16,6183,270(7,099)
Comprehensive income, net of tax, attributable to parent:7,91855,4375,906

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.

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