Ameresco, Inc. (AMRC) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments50663361242122
Cash and cash equivalents50663361242122
Restricted cash and investments24222017161216
Receivables4330     
Inventory, net of allowances, customer advances and progress billings999881213
Inventory999881213
Prepaid expense25272912141212
Contract with customer, asset30618620287
Capitalized contract cost131613 
Other undisclosed current assets167135118127225169201
Total current assets:639491425311287226264
Noncurrent Assets
Finance lease, right-of-use asset323436
Operating lease, right-of-use asset423933
Property, plant and equipment139 7555
Long-term investments and receivables558397231294249158126
Accounts and financing receivable, after allowance for credit loss558397231294249158126
Intangible assets, net (including goodwill)78606060596266
Goodwill71595858565859
Intangible assets, net (excluding goodwill)7122247
Restricted cash and investments12102420202014
Deferred costs      5
Deferred income tax assets4  
Other noncurrent assets23153629282618
Other undisclosed noncurrent assets825695529440336300231
Total noncurrent assets:1,5861,260949851697571465
TOTAL ASSETS:2,2251,7501,3741,162984797729
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities353274234171160150138
Accounts payable309231202134136127115
Accrued liabilities43423136232322
Taxes payable1101111
Deferred revenue363427
Debt82747027221913
Asset retirement obligation00     
Billings in excess of cost202129
Contract with customer, liability24
Other undisclosed current liabilities326    
Total current liabilities:474383337223202191180
Noncurrent Liabilities
Long-term debt and lease obligation, including:377312266219173141106
Long-term debt, excluding current maturities  266219173141106
Finance lease, liability161924
Operating lease, liability353529
Other undisclosed long-term debt and lease obligation326257(53)    
Liabilities, other than long-term debt588482282328262165153
Deferred revenue and credits788
Accounts payable and accrued liabilities532440245288235133122
Deferred revenue6 7
Contract with customer, liability6
Asset retirement obligations22     
Deferred tax liabilities, net4194
Deferred income tax liabilities420
Other liabilities43383029191519
Other undisclosed noncurrent liabilities3542290   
Total noncurrent liabilities:1,000835577547435306259
Total liabilities:1,4741,219914770637496439
Temporary equity, carrying amount463932151070
Stockholders' equity
Stockholders' equity attributable to parent, including:704493429377337294290
Treasury stock, value(12)(12)(12)(12)(10)(6) 
Additional paid in capital284145134125116113110
Accumulated other comprehensive loss(7)(9)(8)(6)(6)(7)(5)
Retained earnings439368314270236194184
Other undisclosed stockholders' equity attributable to parent000   0
Other undisclosed stockholders' equity   000 
Total stockholders' equity:704493429377337294290
TOTAL LIABILITIES AND EQUITY:2,2251,7501,3741,162984797729

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,2161,032867787717651631
Revenue, net717651631
Cost of revenue
(Cost of Goods and Services Sold)
(985)(845)(699)(614)(573)(517)(514)
Gross profit:230188168174144134117
Operating expenses(135)(116)(117)(115)(108)(111)(110)
Operating income:9571525937247
Nonoperating expense(17)(15)(15)(17)(8)(7)(7)
Foreign currency transaction gain (loss), before tax(1)0(0)(2)1  
Interest and debt expense(15)(13)(13)(15)(9)(7)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes15131315971
Income from continuing operations before equity method investments, income taxes:7856374229160
Loss from equity method investments(0)(0)     
Income from continuing operations before income taxes:7856374229160
Income tax expense (benefit)204(5)5(4)(3)
Income (loss) before gain (loss) on sale of properties:805740383412(3)
Other undisclosed net income00   06
Net income:8057403834123
Net income (loss) attributable to noncontrolling interest(10)(3)40406
Other undisclosed net loss attributable to parent     (0)(11)
Net income (loss) attributable to parent:705444383712(3)
Other undisclosed net income (loss) available to common stockholders, basic(0)(0)   06
Net income available to common stockholders, diluted:7054443837123

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:8057403834123
Other comprehensive income (loss)3(2)(2)(0)1(1)(3)
Other undisclosed comprehensive income    4  
Comprehensive income:8355393738110
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(10)(3)40406
Other undisclosed comprehensive loss, net of tax, attributable to parent    (8)(0)(11)
Comprehensive income (loss), net of tax, attributable to parent:735243383411(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.

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