Ameresco, Inc. (AMRC) financial statements (2020 and earlier)
Company profile
| Business Address |
111 SPEEN STREET FRAMINGHAM, MA 01701 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 17 - Construction Special Trade Contractors (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 34 | 61 | 24 | 21 | 22 | 24 | 17 | ||
| Cash and cash equivalents | 34 | 61 | 24 | 21 | 22 | 24 | 17 | ||
| Restricted cash and investments | 13 | 17 | 16 | 12 | 16 | 13 | |||
| Receivables | (3) | ||||||||
| Inventory, net of allowances, customer advances and progress billings | 10 | 8 | 8 | 12 | 13 | 9 | 10 | ||
| Inventory | 10 | 8 | 8 | 12 | 13 | 9 | 10 | ||
| Prepaid expense | 23 | 12 | 14 | 12 | 12 | 9 | 10 | ||
| Contract with customer, asset | 125 | 87 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed current assets | 139 | 127 | 225 | 169 | 201 | 173 | 212 | ||
| Total current assets: | 341 | 311 | 287 | 226 | 264 | 227 | 250 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 37 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, right-of-use asset | 33 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 10 | 7 | 5 | 5 | 5 | 7 | 9 | ||
| Long-term investments and receivables | 182 | 294 | 249 | 158 | 126 | 79 | 44 | ||
| Accounts and financing receivable, after allowance for credit loss | 182 | 294 | 249 | 158 | 126 | 79 | 44 | ||
| Intangible assets, net (including goodwill) | 60 | 60 | 59 | 62 | 66 | 72 | 63 | ||
| Goodwill | 58 | 58 | 56 | 58 | 59 | 60 | 53 | ||
| Intangible assets, net (excluding goodwill) | 2 | 2 | 2 | 4 | 7 | 11 | 10 | ||
| Restricted cash and investments | 23 | 20 | 20 | 20 | 14 | 11 | |||
| Deferred costs | 5 | 4 | 5 | ||||||
| Other noncurrent assets | 37 | 29 | 28 | 26 | 18 | 23 | 22 | ||
| Other undisclosed noncurrent assets | 448 | 440 | 336 | 300 | 231 | 207 | 211 | ||
| Total noncurrent assets: | 829 | 851 | 697 | 571 | 465 | 403 | 355 | ||
| TOTAL ASSETS: | 1,170 | 1,162 | 984 | 797 | 729 | 630 | 605 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 163 | 171 | 160 | 150 | 138 | 116 | 101 | ||
| Accounts payable | 134 | 134 | 136 | 127 | 115 | 88 | 89 | ||
| Accrued liabilities | 29 | 36 | 23 | 23 | 22 | 27 | 12 | ||
| Taxes payable | 1 | 1 | 1 | 1 | 1 | 1 | |||
| Deferred revenue | 23 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 61 | 27 | 22 | 19 | 13 | 12 | 13 | ||
| Billings in excess of cost | ✕ | ✕ | 20 | 21 | 29 | 18 | 17 | ||
| Contract with customer, liability | ✕ | 24 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Total current liabilities: | 247 | 223 | 202 | 191 | 180 | 146 | 131 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 224 | 219 | 173 | 141 | 106 | 90 | 103 | ||
| Long-term debt, excluding current maturities | 219 | 173 | 141 | 106 | 90 | 103 | |||
| Finance lease, liability | 26 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, liability | 29 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | 169 | ||||||||
| Liabilities, other than long-term debt | 236 | 328 | 262 | 165 | 153 | 107 | 93 | ||
| Deferred revenue and credits | ✕ | ✕ | 7 | 8 | 8 | 9 | 8 | ||
| Accounts payable and accrued liabilities | 197 | 288 | 235 | 133 | 122 | 71 | 44 | ||
| Deferred revenue | 6 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Contract with customer, liability | ✕ | 6 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Deferred tax liabilities, net | ✕ | 4 | 1 | 9 | 4 | 7 | 11 | ||
| Deferred income tax liabilities | 3 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 31 | 29 | 19 | 15 | 19 | 20 | 30 | ||
| Other undisclosed noncurrent liabilities | 29 | 0 | |||||||
| Total noncurrent liabilities: | 490 | 547 | 435 | 306 | 259 | 197 | 197 | ||
| Total liabilities: | 736 | 770 | 637 | 496 | 439 | 343 | 328 | ||
| Temporary equity, carrying amount | 32 | 15 | 10 | 7 | 0 | ||||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 402 | 377 | 337 | 294 | 290 | 286 | 277 | ||
| Treasury stock, value | (12) | (12) | (10) | (6) | |||||
| Additional paid in capital | 131 | 125 | 116 | 113 | 110 | 107 | 103 | ||
| Accumulated other comprehensive income (loss) | (10) | (6) | (6) | (7) | (5) | (3) | 3 | ||
| Retained earnings | 292 | 270 | 236 | 194 | 184 | 181 | 171 | ||
| Other undisclosed stockholders' equity attributable to parent | 0 | ||||||||
| Stockholders' equity attributable to noncontrolling interest | (0) | 0 | |||||||
| Other undisclosed stockholders' equity | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Total stockholders' equity: | 402 | 377 | 337 | 294 | 290 | 286 | 277 | ||
| TOTAL LIABILITIES AND EQUITY: | 1,170 | 1,162 | 984 | 797 | 729 | 630 | 605 | ||
Income statement (P&L) ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 778 | 787 | 717 | 651 | 631 | 593 | 574 | |
| Revenue, net | ✕ | ✕ | 717 | 651 | 631 | 593 | 574 | |
| Cost of revenue (Cost of Goods and Services Sold) | (608) | (614) | (573) | (517) | (514) | (476) | (471) | |
| Gross profit: | 170 | 174 | 144 | 134 | 117 | 117 | 103 | |
| Operating expenses | (117) | (115) | (108) | (111) | (110) | (111) | (102) | |
| Other undisclosed operating income | 7 | 6 | ||||||
| Operating income: | 53 | 59 | 37 | 24 | 7 | 13 | 7 | |
| Nonoperating expense | (17) | (17) | (8) | (7) | (7) | (7) | (4) | |
| Investment income, nonoperating | 0 | 0 | 0 | 0 | 1 | 1 | ||
| Foreign currency transaction gain (loss), before tax | 0 | (2) | 1 | |||||
| Interest and debt expense | (14) | (15) | (9) | (7) | (1) | (1) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 14 | 15 | 9 | 7 | 1 | 1 | ||
| Income from continuing operations before income taxes: | 35 | 42 | 29 | 16 | 0 | 6 | 3 | |
| Income tax expense (benefit) | (5) | (5) | 5 | (4) | (3) | 4 | (0) | |
| Income (loss) before gain (loss) on sale of properties: | 30 | 38 | 34 | 12 | (3) | 10 | 2 | |
| Other undisclosed net income | 0 | 6 | ||||||
| Net income: | 30 | 38 | 34 | 12 | 3 | 10 | 2 | |
| Net income attributable to noncontrolling interest | 3 | 0 | 4 | 0 | 6 | |||
| Other undisclosed net loss attributable to parent | (0) | (11) | ||||||
| Net income (loss) attributable to parent: | 34 | 38 | 37 | 12 | (3) | 10 | 2 | |
| Other undisclosed net income available to common stockholders, basic | 0 | 6 | ||||||
| Net income available to common stockholders, diluted: | 34 | 38 | 37 | 12 | 3 | 10 | 2 | |
Comprehensive Income ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 30 | 38 | 34 | 12 | 3 | 10 | 2 | |
| Other comprehensive income (loss) | (6) | (0) | 1 | (1) | (3) | (6) | 2 | |
| Other undisclosed comprehensive income | 4 | |||||||
| Comprehensive income: | 25 | 37 | 38 | 11 | 0 | 5 | 5 | |
| Comprehensive income, net of tax, attributable to noncontrolling interest | 3 | 0 | 4 | 0 | 6 | |||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (8) | (0) | (11) | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 28 | 38 | 34 | 11 | (5) | 5 | 5 | |
Statements sources
The financial statements are based on the company's filings with the 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.