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)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments150,27877,68179,271107,77648,999178,939
Cash and cash equivalents150,27877,68179,271107,77648,999178,939
Restricted cash and investments68,08257,73762,31156,90939,13721,232
Receivables54,35075,274108,28032,56236,90034,654
Inventory, net of allowances, customer advances and progress billings12,48413,07613,63713,64814,12713,609
Inventory12,48413,07613,63713,64814,12713,609
Prepaid expense11,4449,77910,69767,86458,87456,311
Contract with customer, asset, after allowance for credit loss651,748652,428636,163591,378575,113497,762
Capitalized contract cost24,28022,90720,73518,80016,95615,930
Deferred costs105,74665,02038,240   
Other undisclosed current assets161,544152,570159,137141,186131,761139,537
Total current assets:1,239,9561,126,4721,128,4711,030,123921,867957,974
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization26,21026,73627,26227,78828,31428,839
Operating lease, right-of-use asset68,19469,34858,58652,85738,83338,189
Property, plant and equipment16,99517,17017,39517,55116,88816,865
Long-term investments and receivables564,647588,578609,265545,586511,150551,157
Long-term investments12,27110,927 16,20411,90011,337
Accounts and financing receivable, after allowance for credit loss552,376577,651609,265529,382499,250539,820
Intangible assets, net (including goodwill)80,88481,50882,39584,69085,98886,476
Goodwill75,24575,31175,58777,34377,84677,810
Intangible assets, net (excluding goodwill)5,6396,1976,8087,3478,1428,666
Restricted cash and investments14,74012,55312,09411,01013,67713,406
Deferred income tax assets29,51225,67726,4119,4393,5943,049
Other noncurrent assets148,796104,31889,73569,35643,22341,339
Other undisclosed noncurrent assets1,775,1681,750,9061,662,1621,612,5931,377,4761,230,054
Total noncurrent assets:2,725,1462,676,7942,585,3052,430,8702,119,1432,009,374
TOTAL ASSETS:3,965,1023,803,2663,713,7763,460,9933,041,0102,967,348
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities597,224547,194511,583421,739371,292400,509
Accounts payable497,026437,240402,752328,155290,284285,465
Accrued liabilities100,198109,954108,83193,58481,008115,044
Deferred revenue97,49361,26752,90336,88040,45939,326
Debt524,515540,228323,118411,612334,630315,592
Other undisclosed current liabilities13,15513,59113,86712,1115,86811,685
Total current liabilities:1,232,3871,162,280901,471882,342752,249767,112
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,078,9951,011,5761,170,0751,022,256784,266631,676
Finance lease, liability12,74912,87113,05713,42113,50413,898
Other undisclosed long-term debt and lease obligation1,066,246998,7051,157,0181,008,835770,762617,778
Liabilities, other than long-term debt662,082648,602662,505602,924575,199619,664
Accounts payable and accrued liabilities511,226504,689533,054486,019464,566520,816
Deferred income tax liabilities4,3654,5844,4794,1347,9712,869
Other liabilities97,94688,61982,71473,96570,17564,200
Operating lease, liability48,54550,71042,25838,80632,48731,779
Other undisclosed noncurrent liabilities6,6696,7376,9747,0707,3197,424
Total noncurrent liabilities:1,747,7461,666,9151,839,5541,632,2501,366,7841,258,764
Total liabilities:2,980,1332,829,1952,741,0252,514,5922,119,0332,025,876
Temporary equity, carrying amount43,77743,90846,86547,27547,99446,700
Equity
Equity, attributable to parent, including:914,703904,939901,975868,506843,525828,922
Treasury stock, value(11,788)(11,788)(11,788)(11,788)(11,788)(11,788)
Additional paid in capital332,356327,367320,892321,821317,228310,726
Accumulated other comprehensive loss(3,800)(3,592)(3,045)(3,735)(2,884)(4,645)
Retained earnings597,930592,947595,911562,203540,964534,624
Other undisclosed equity, attributable to parent555555
Equity, attributable to noncontrolling interest26,48925,22423,91130,62030,45865,850
Total equity:941,192930,163925,886899,126873,983894,772
TOTAL LIABILITIES AND EQUITY:3,965,1023,803,2663,713,7763,460,9933,041,0102,967,348

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

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Revenues437,982298,406441,368335,149327,074271,042
Cost of revenue
(Cost of Goods and Services Sold)
(372,813)(251,413)(367,192)(271,493)(268,425)(221,094)
Gross profit:65,16946,99374,17663,65658,64949,948
Operating expenses(44,226)(39,555)(40,503)(42,752)(41,413)(41,301)
Other undisclosed operating income10555402526380450
Operating income:20,9537,99334,07521,43017,6169,097
Nonoperating expense(15,759)(14,171)(16,066)(10,642)(9,198)(8,043)
Interest and debt expense(389)(392)(25,560)(485)(433)(444)
Income (loss) from continuing operations before equity method investments, income taxes:4,805(6,570)(7,551)10,3037,985610
Income from equity method investments   1,758   
Other undisclosed income from continuing operations before income taxes38939223,802485433444
Income (loss) from continuing operations before income taxes:5,194(6,178)18,00910,7888,4181,054
Income tax expense (benefit)  15,08310,054(5)503
Net income (loss):5,194(6,178)33,09220,8428,4131,557
Net income (loss) attributable to noncontrolling interest(184)3,241643423(2,045)(455)
Net income (loss) attributable to parent:5,010(2,937)33,73521,2656,3681,102
Other undisclosed net loss available to common stockholders, basic(27)(27)(27)(26)(28)(27)
Net income (loss) available to common stockholders, diluted:4,983(2,964)33,70821,2396,3401,075

Comprehensive Income ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Net income (loss):5,194(6,178)33,09220,8428,4131,557
Other comprehensive income (loss)(114)(623)745(887)1,763(586)
Comprehensive income (loss):5,080(6,801)33,83719,95510,176971
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(278)3,317587459(2,047)(463)
Comprehensive income (loss), net of tax, attributable to parent:4,802(3,484)34,42420,4148,129508

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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