HA Sustainable Infrastructure Capital, Inc. (HASI) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
ONE PARK PLACE, SUITE 200 ANNAPOLIS, MD 21401 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6799 - Investors, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 129,758 | 62,632 | 155,714 | 226,204 | 286,250 | 6,208 | |||
| Cash and cash equivalent | 129,758 | 62,632 | 155,714 | 226,204 | 286,250 | 6,208 | |||
| Receivables | 248,688 | 218,946 | 177,032 | 210,354 | 164,342 | 123,979 | |||
| Total current assets: | 378,446 | 281,578 | 332,746 | 436,558 | 450,592 | 130,187 | |||
| Noncurrent Assets | |||||||||
| Long-term investments and receivables, including: | 6,600,000 | 6,200,000 | 4,308,000 | 3,580,000 | 2,908,000 | 2,095,000 | |||
| Long-term investments | 3,612,394 | 2,966,305 | 1,869,712 | 1,759,651 | 1,279,651 | 498,631 | |||
| Other undisclosed long-term investments and receivables | 2,987,606 | 3,233,695 | 2,438,288 | 1,820,349 | 1,628,349 | 1,596,369 | |||
| Intangible assets, net (including goodwill) | 14,000 | 84,000 | 87,000 | 90,000 | 93,000 | ||||
| Intangible assets, net (excluding goodwill) | 14,000 | 84,000 | 87,000 | 90,000 | 93,000 | ||||
| Total noncurrent assets: | 6,600,000 | 6,214,000 | 4,392,000 | 3,667,000 | 2,998,000 | 2,188,000 | |||
| Other undisclosed assets | 101,799 | 56,772 | 35,402 | 44,753 | 10,475 | 69,087 | |||
| TOTAL ASSETS: | 7,080,245 | 6,552,350 | 4,760,148 | 4,148,311 | 3,459,067 | 2,387,274 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 100,057 | 30,196 | 192 | 50,094 | |||||
| Total current liabilities: | 100,057 | 30,196 | 192 | 50,094 | |||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 4,575,113 | 4,380,529 | 3,095,210 | 2,531,702 | 2,248,918 | 1,447,362 | |||
| Total liabilities: | 4,675,170 | 4,410,725 | 3,095,402 | 2,581,796 | 2,248,918 | 1,447,362 | |||
| Equity | |||||||||
| Equity, attributable to parent | 2,336,756 | 2,092,261 | 1,629,237 | 1,544,718 | 1,203,296 | 936,480 | |||
| Common stock | 1,190 | 1,122 | 908 | 853 | 765 | 663 | |||
| Additional paid in capital | 2,592,964 | 2,381,510 | 1,924,200 | 1,727,667 | 1,394,009 | 1,102,303 | |||
| Accumulated other comprehensive income (loss) | 40,101 | 13,165 | (10,397) | 9,904 | 12,634 | 3,300 | |||
| Accumulated deficit | (297,499) | (303,536) | (285,474) | (193,706) | (204,112) | (169,786) | |||
| Equity, attributable to noncontrolling interest | 68,319 | 49,364 | 35,509 | 21,797 | 6,853 | 3,432 | |||
| Total equity: | 2,405,075 | 2,141,625 | 1,664,746 | 1,566,515 | 1,210,149 | 939,912 | |||
| TOTAL LIABILITIES AND EQUITY: | 7,080,245 | 6,552,350 | 4,760,148 | 4,148,311 | 3,459,067 | 2,387,274 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 383,595 | 319,871 | 239,737 | 213,166 | 186,907 | 141,581 | ||
| Operating lease, lease income | 2,095 | 21,251 | 26,245 | 25,905 | 25,878 | 25,884 | ||
| Net investment income | 263,792 | 207,794 | 134,656 | 106,889 | 95,559 | 76,200 | ||
| Cost of revenue (Provision for Loan, Lease, and Other Losses) | (1,000) | (496) | (10,096) | (8,027) | ||||
| Other undisclosed gross profit | ||||||||
| Gross profit: | 382,595 | 319,871 | 239,737 | 212,670 | 176,811 | 133,554 | ||
| Operating expenses | (32,905) | (31,283) | (42,732) | (19,907) | (14,846) | (14,693) | ||
| Operating income: | 349,690 | 288,588 | 197,005 | 192,763 | 161,965 | 118,861 | ||
| Interest and debt expense | (171,008) | (115,559) | (121,705) | (92,182) | (64,241) | |||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (323,742) | (76,176) | (63,445) | (52,975) | (37,766) | (28,777) | ||
| Income from continuing operations before equity method investments, income taxes: | 25,948 | 41,404 | 18,001 | 18,083 | 32,017 | 25,843 | ||
| Income from equity method investments | 247,878 | 140,974 | 31,291 | 126,421 | 47,963 | 64,174 | ||
| Income from continuing operations before income taxes: | 273,826 | 182,378 | 49,292 | 144,504 | 79,980 | 90,017 | ||
| Income tax expense (benefit) | (70,198) | (31,621) | (7,381) | (17,158) | 2,779 | (8,097) | ||
| Income from continuing operations: | 203,628 | 150,757 | 41,911 | 127,346 | 82,759 | 81,920 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 127,346 | 82,759 | 81,920 | |
| Net income: | 203,628 | 150,757 | 41,911 | 127,346 | 82,759 | 81,920 | ||
| Net loss attributable to noncontrolling interest | (3,591) | (1,921) | (409) | (767) | (343) | (356) | ||
| Net income attributable to parent: | 200,037 | 148,836 | 41,502 | 126,579 | 82,416 | 81,564 | ||
| Other undisclosed net loss available to common stockholders, basic | (1,537) | (1,036) | (702) | (879) | (916) | (1,364) | ||
| Net income available to common stockholders, basic: | 198,500 | 147,800 | 40,800 | 125,700 | 81,500 | 80,200 | ||
| Interest on convertible debt | 12,600 | 7,500 | 1,400 | 6,300 | 400 | |||
| Net income available to common stockholders, diluted: | 211,100 | 155,300 | 42,200 | 132,000 | 81,900 | 80,200 | ||
Comprehensive Income ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 203,628 | 150,757 | 41,911 | 127,346 | 82,759 | 81,920 | ||
| Other comprehensive income (loss) | (9,400) | 1,800 | 2,200 | 400 | (1,100) | (1,800) | ||
| Other undisclosed comprehensive income (loss) | 36,819 | 21,725 | (22,734) | (3,147) | 10,474 | 6,806 | ||
| Comprehensive income: | 231,047 | 174,282 | 21,377 | 124,599 | 92,133 | 86,926 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (4,074) | (1,884) | (176) | (751) | (383) | (378) | ||
| Comprehensive income, net of tax, attributable to parent: | 226,973 | 172,398 | 21,201 | 123,848 | 91,750 | 86,548 | ||
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.