Ameresco, Inc. (AMRC) Financial Statements (2024 and earlier)

Company Profile

Business Address 111 SPEEN STREET
FRAMINGHAM, MA 01701
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 17 - Construction Special Trade Contractors (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments115,53450,45066,42233,22361,39724,262
Cash and cash equivalents115,53450,45066,42233,22361,39724,262
Restricted cash and investments20,78224,26722,06320,00616,88015,751
Receivables38,05743,06730,189   
Inventory, net of allowances, customer advances and progress billings14,2188,8078,5759,2367,7658,139
Inventory14,2188,8078,5759,2367,7658,139
Prepaid expense38,61725,37726,85429,42411,57114,037
Contract with customer, asset, after allowance for credit loss576,363306,172185,960202,24386,842
Capitalized contract cost16,02513,21415,83913,188 
Deferred costs      
Other undisclosed current assets181,755167,231134,813117,872126,514224,889
Total current assets:1,001,351638,585490,715425,192310,969287,078
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization29,36531,87634,00536,134
Operating lease, right-of-use asset38,22441,98239,15132,791
Property, plant and equipment15,70713,1178,982 6,9855,303
Long-term investments and receivables509,507557,669396,725230,616293,998248,917
Accounts and financing receivable, after allowance for credit loss509,507557,669396,725230,616293,998248,917
Intangible assets, net (including goodwill)75,32678,11859,64160,02860,33658,575
Goodwill70,63371,15758,71458,41458,33256,135
Intangible assets, net (excluding goodwill)4,6936,9619271,6142,0042,440
Restricted cash and investments13,57212,33710,35224,03519,63720,092
Deferred income tax assets3,0453,703  
Other noncurrent assets38,56422,77915,30735,82129,39427,635
Other undisclosed noncurrent assets1,152,160824,655695,373529,396440,315336,351
Total noncurrent assets:1,875,4701,586,2361,259,536948,821850,665696,873
TOTAL ASSETS:2,876,8212,224,8211,750,2511,374,0131,161,634983,951
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities438,292353,096273,645234,258171,377159,896
Taxes payable8229814861,100755
Accounts payable349,126308,963230,916202,416134,330135,881
Accrued liabilities89,16643,31141,74831,35635,94723,260
Deferred revenue34,79635,91833,98426,618
Debt333,47182,05973,63569,96926,89022,375
Asset retirement obligation  686   
Billings in excess of cost19,871
Contract with customer, liability24,363
Other undisclosed current liabilities5,5093,1451,7475,802  
Total current liabilities:812,068474,224383,097336,647222,630202,142
Noncurrent Liabilities
Long-term debt and lease obligation, including:568,635377,184311,674266,181219,162173,237
Long-term debt, excluding current maturities    266,181219,162173,237
Finance lease, liability14,06816,10119,22723,500
Other undisclosed long-term debt and lease obligation554,567325,948257,147(52,601)  
Liabilities, other than long-term debt568,874588,157481,807281,612327,953261,614
Deferred revenue and credits7,188
Accounts payable and accrued liabilities478,497532,287440,223245,037288,047235,088
Deferred revenue  6,481 6,885
Contract with customer, liability6,342
Asset retirement obligations  2,3421,561   
Deferred tax liabilities, net4,352584
Deferred income tax liabilities9,1813,8712,363115
Other liabilities49,49343,17637,66029,57529,21218,754
Operating lease, liability31,70335,13535,30029,101
Other undisclosed noncurrent liabilities7,59034,81042,01029,101295 
Total noncurrent liabilities:1,145,0991,000,151835,491576,894547,410434,851
Total liabilities:1,957,1671,474,3751,218,588913,541770,040636,993
Temporary equity, carrying amount46,62346,18238,85031,61614,71910,338
Equity
Equity, attributable to parent, including:824,029704,264492,813428,856376,870336,615
Treasury stock, value(11,788)(11,788)(11,788)(11,782)(11,638)(9,799)
Additional paid in capital306,314283,982145,496133,688124,651116,196
Accumulated other comprehensive loss(4,051)(6,667)(9,290)(7,514)(5,949)(5,626)
Retained earnings533,549438,732368,390314,459269,806235,844
Other undisclosed equity, attributable to parent5555  
Equity, attributable to noncontrolling interest49,002     
Other undisclosed equity     55
Total equity:873,031704,264492,813428,856376,875336,620
TOTAL LIABILITIES AND EQUITY:2,876,8212,224,8211,750,2511,374,0131,161,634983,951

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,824,4221,215,6971,032,275866,933787,138717,152
Revenue, net717,152
Cost of revenue
(Cost of Goods and Services Sold)
(1,533,589)(985,340)(844,726)(698,815)(613,526)(572,994)
Gross profit:290,833230,357187,549168,118173,612144,158
Operating expenses(157,841)(134,923)(116,050)(116,504)(114,513)(107,570)
Other undisclosed operating income      
Operating income:132,99295,43471,49951,61459,09936,588
Nonoperating expense(27,273)(17,290)(15,071)(15,061)(16,709)(7,871)
Gain (loss), foreign currency transaction, before tax(144)(852)481(59)(1,804)1,294
Interest and debt expense(17,775)(14,548)(12,891)(12,622)(15,344)(9,082)
Other undisclosed income from continuing operations before equity method investments, income taxes 17,77514,54812,89112,62215,3449,082
Income from continuing operations before equity method investments, income taxes:105,71978,14456,42836,55342,39028,717
Income (loss) from equity method investments (118)(225)   
Other undisclosed income from continuing operations before income taxes      
Income from continuing operations before income taxes:105,71978,02656,20336,55342,39028,717
Income tax expense (benefit)(7,170)2,0474943,748(4,813)4,791
Income from continuing operations:98,54980,07356,69740,30137,57733,508
Income before gain (loss) on sale of properties:80,07356,69740,30137,57733,508
Other undisclosed net income  118225   
Net income:98,54980,19156,92240,30137,57733,508
Net income (loss) attributable to noncontrolling interest(3,623)(9,733)(2,870)4,1354073,983
Net income attributable to parent:94,92670,45854,05244,43637,98437,491
Other undisclosed net loss available to common stockholders, basic(116)(116)(121)   
Net income available to common stockholders, diluted:94,81070,34253,93144,43637,98437,491

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:98,54980,19156,92240,30137,57733,508
Other comprehensive income (loss)2,6162,623(1,776)(1,565)(323)965
Other undisclosed comprehensive income      3,983
Comprehensive income:101,16582,81455,14638,73637,25438,456
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3,623)(9,733)(2,870)4,1354073,983
Other undisclosed comprehensive loss, net of tax, attributable to parent      (7,966)
Comprehensive income, net of tax, attributable to parent:97,54273,08152,27642,87137,66134,473

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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