Ameresco Inc. (AMRC) Financial Statements (2025 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)
Annual | Quarterly

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 investments79,271115,53450,45066,42233,22361,397
Cash and cash equivalents79,271115,53450,45066,42233,22361,397
Restricted cash and investments62,31120,78224,26722,06320,00616,880
Receivables108,28038,05743,06730,189  
Inventory, net of allowances, customer advances and progress billings13,63714,2188,8078,5759,2367,765
Inventory13,63714,2188,8078,5759,2367,765
Prepaid expense10,69738,61725,37726,85429,42411,571
Contract with customer, asset, after allowance for credit loss636,163576,363306,172185,960202,24386,842
Capitalized contract cost20,73516,02513,21415,83913,188 
Deferred costs38,240     
Other undisclosed current assets159,137181,755167,231134,813117,872126,514
Total current assets:1,128,4711,001,351638,585490,715425,192310,969
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization27,26229,36531,87634,00536,134✕
Operating lease, right-of-use asset58,58638,22441,98239,15132,791✕
Property, plant and equipment17,39515,70713,1178,982 6,985
Long-term investments and receivables609,265509,507557,669396,725230,616293,998
Long-term investments      
Accounts and financing receivable, after allowance for credit loss609,265509,507557,669396,725230,616293,998
Intangible assets, net (including goodwill)82,39575,32678,11859,64160,02860,336
Goodwill75,58770,63371,15758,71458,41458,332
Intangible assets, net (excluding goodwill)6,8084,6936,9619271,6142,004
Restricted cash and investments12,09413,57212,33710,35224,03519,637
Deferred income tax assets26,4113,0453,703  ✕
Other noncurrent assets89,73538,56422,77915,30735,82129,394
Other undisclosed noncurrent assets1,662,1621,152,160824,655695,373529,396440,315
Total noncurrent assets:2,585,3051,875,4701,586,2361,259,536948,821850,665
TOTAL ASSETS:3,713,7762,876,8212,224,8211,750,2511,374,0131,161,634
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities511,583438,292353,096273,645234,258171,377
Taxes payable✕✕✕8229814861,100
Accounts payable402,752349,126308,963230,916202,416134,330
Accrued liabilities108,83189,16643,31141,74831,35635,947
Deferred revenue52,90334,79635,91833,98426,618✕
Debt323,118333,47182,05973,63569,96926,890
Asset retirement obligation   686  
Contract with customer, liability✕✕✕✕✕✕24,363
Other undisclosed current liabilities13,8675,5093,1451,7475,802 
Total current liabilities:901,471812,068474,224383,097336,647222,630
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,170,075568,635377,184311,674266,181219,162
Long-term debt, excluding current maturities     266,181219,162
Finance lease, liability13,05714,06816,10119,22723,500✕
Other undisclosed long-term debt and lease obligation1,157,018554,567325,948257,147(52,601) 
Liabilities, other than long-term debt662,505568,874588,157481,807281,612327,953
Accounts payable and accrued liabilities533,054478,497532,287440,223245,037288,047
Deferred revenue   6,481 6,885✕
Contract with customer, liability✕✕✕✕✕✕6,342
Asset retirement obligations   2,3421,561  
Deferred tax liabilities, net✕✕✕✕✕✕4,352
Deferred income tax liabilities4,4799,1813,8712,363115✕
Other liabilities82,71449,49343,17637,66029,57529,212
Operating lease, liability42,25831,70335,13535,30029,101✕
Other undisclosed noncurrent liabilities6,9747,59034,81042,01029,101295
Total noncurrent liabilities:1,839,5541,145,0991,000,151835,491576,894547,410
Total liabilities:2,741,0251,957,1671,474,3751,218,588913,541770,040
Temporary equity, carrying amount46,86546,62346,18238,85031,61614,719
Equity
Equity, attributable to parent, including:901,975824,029704,264492,813428,856376,870
Treasury stock, value(11,788)(11,788)(11,788)(11,788)(11,782)(11,638)
Additional paid in capital320,892306,314283,982145,496133,688124,651
Accumulated other comprehensive loss(3,045)(4,051)(6,667)(9,290)(7,514)(5,949)
Retained earnings595,911533,549438,732368,390314,459269,806
Other undisclosed equity, attributable to parent55555 
Equity, attributable to noncontrolling interest23,91149,002    
Other undisclosed equity      5
Total equity:925,886873,031704,264492,813428,856376,875
TOTAL LIABILITIES AND EQUITY:3,713,7762,876,8212,224,8211,750,2511,374,0131,161,634

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,374,6331,824,4221,215,6971,032,275866,933787,138
Cost of revenue
(Cost of Goods and Services Sold)		(1,128,204)(1,533,589)(985,340)(844,726)(698,815)(613,526)
Gross profit:246,429290,833230,357187,549168,118173,612
Operating expenses(165,969)(157,841)(134,923)(116,050)(116,504)(114,513)
Other undisclosed operating income1,758     
Operating income:82,218132,99295,43471,49951,61459,099
Nonoperating expense(43,949)(27,273)(17,290)(15,071)(15,061)(16,709)
Interest and debt expense(26,922)(17,775)(14,548)(12,891)(12,622)(15,344)
Other undisclosed income from continuing operations before equity method investments, income taxes  17,77514,54812,89112,62215,344
Income from continuing operations before equity method investments, income taxes:11,347105,71978,14456,42836,55342,390
Income (loss) from equity method investments1,758 (118)(225)  
Other undisclosed income from continuing operations before income taxes25,164     
Income from continuing operations before income taxes:38,269105,71978,02656,20336,55342,390
Income tax expense (benefit)25,635(7,170)2,0474943,748(4,813)
Income from continuing operations:63,90498,54980,07356,69740,30137,577
Income before gain (loss) on sale of properties:✕✕✕80,07356,69740,30137,577
Other undisclosed net income   118225  
Net income:63,90498,54980,19156,92240,30137,577
Net income (loss) attributable to noncontrolling interest(1,434)(3,623)(9,733)(2,870)4,135407
Net income attributable to parent:62,47094,92670,45854,05244,43637,984
Other undisclosed net loss available to common stockholders, basic(108)(116)(116)(121)  
Net income available to common stockholders, diluted:62,36294,81070,34253,93144,43637,984

Comprehensive Income ($ in thousands)
Annual | Quarterly

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:63,90498,54980,19156,92240,30137,577
Other comprehensive income (loss)1,0362,6162,623(1,776)(1,565)(323)
Comprehensive income:64,940101,16582,81455,14638,73637,254
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1,464)(3,623)(9,733)(2,870)4,135407
Comprehensive income, net of tax, attributable to parent:63,47697,54273,08152,27642,87137,661

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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