Altus Power, Inc. (AMPS) Financial Statements (2023 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)
| 6/30/2023 MRQ | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 193,016 | 325,983 | |||
| Cash and cash equivalents | 193,016 | 325,983 | |||
| Restricted cash and investments | 2,404 | 2,544 | |||
| Receivables | 13,443 | 9,218 | |||
| Other current assets | 6,206 | 6,659 | |||
| Total current assets: | 215,069 | 344,404 | |||
| Noncurrent Assets | |||||
| Operating lease, right-of-use asset | 94,463 | ||||
| Property, plant and equipment | 1,005,147 | 745,711 | |||
| Intangible assets, net (including goodwill) | 47,627 | 17,303 | |||
| Goodwill | 601 | ||||
| Intangible assets, net (excluding goodwill) | 47,627 | 16,702 | |||
| Derivative instruments and hedges | 3,953 | ||||
| Restricted cash and investments | 3,978 | 1,794 | |||
| Other noncurrent assets | 6,651 | 4,037 | |||
| Total noncurrent assets: | 1,161,819 | 768,845 | |||
| TOTAL ASSETS: | 1,376,888 | 1,113,249 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities | 7,176 | 8,085 | |||
| Interest and dividends payable | ✕ | ✕ | 4,494 | ||
| Accounts payable | 2,740 | 3,591 | |||
| Accrued liabilities | 4,436 | ||||
| Deferred revenue | |||||
| Debt | 29,959 | 21,143 | |||
| Business combination, contingent consideration, liability | 12,077 | ||||
| Other liabilities | 6,527 | 3,663 | |||
| Other undisclosed current liabilities | 12,489 | ||||
| Total current liabilities: | 68,228 | 32,891 | |||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation | 634,603 | 524,837 | |||
| Long-term debt, excluding current maturities | 634,603 | 524,837 | |||
| Liabilities, other than long-term debt | 127,045 | 22,818 | |||
| Deferred revenue | |||||
| Asset retirement obligations | 9,575 | 7,628 | |||
| Deferred income tax liabilities | 11,011 | 9,603 | |||
| Other liabilities | 4,700 | 5,587 | |||
| Operating lease, liability | 94,819 | ||||
| Business combination, contingent consideration, liability | 6,940 | ||||
| Other undisclosed noncurrent liabilities | 83,953 | 191,165 | |||
| Total noncurrent liabilities: | 845,601 | 738,820 | |||
| Total liabilities: | 913,829 | 771,711 | |||
| Temporary equity, carrying amount | 18,133 | 15,527 | |||
| Equity | |||||
| Equity, attributable to parent | 424,101 | 304,918 | |||
| Common stock | 16 | 15 | |||
| Additional paid in capital | 470,004 | 406,259 | |||
| Accumulated other comprehensive income | |||||
| Accumulated deficit | (45,919) | (101,356) | |||
| Equity, attributable to noncontrolling interest | 20,825 | 21,093 | |||
| Total equity: | 444,926 | 326,011 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,376,888 | 1,113,249 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|
| Revenues | 101,163 | 71,800 | ||
| Gross profit: | 101,163 | 71,800 | ||
| Operating expenses | (83,048) | (37,758) | ||
| Operating income: | 18,115 | 34,042 | ||
| Nonoperating income (expense) | 35,128 | (20,742) | ||
| Interest and debt expense | (1,500) | (400) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 51,743 | 12,900 | ||
| Other undisclosed income from continuing operations before income taxes | 1,500 | 400 | ||
| Income (loss) from continuing operations before income taxes: | 53,243 | 13,300 | ||
| Income tax expense | (1,076) | (295) | ||
| Income (loss) from continuing operations: | 52,167 | 13,005 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | 13,005 | ||
| Net income (loss): | 52,167 | 13,005 | ||
| Net income (loss) attributable to noncontrolling interest | 3,270 | (7,099) | ||
| Net income (loss) attributable to parent: | 55,437 | 5,906 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (433) | (90) | ||
| Other undisclosed net loss available to common stockholders, basic | ||||
| Net income (loss) available to common stockholders, diluted: | 55,004 | 5,816 | ||
Comprehensive Income ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|
| Net income (loss): | 52,167 | 13,005 | ||
| Other comprehensive income | ||||
| Comprehensive income (loss): | 52,167 | 13,005 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 3,270 | (7,099) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 55,437 | 5,906 | ||
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.