Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) Financial Statements (2024 and earlier)

Company Profile

Business Address ONE PARK PLACE, SUITE 200
ANNAPOLIS, MD 21401
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments155,714226,204286,2506,20821,41857,274
Cash and cash equivalents155,714226,204286,2506,20821,41857,274
Receivables177,032210,354164,342123,979  
Total current assets:332,746436,558450,592130,18721,41857,274
Noncurrent Assets
Long-term investments and receivables, including:4,308,0003,580,0002,908,0002,095,0001,951,0002,027,000
Long-term investments1,869,7121,759,6511,279,651498,631471,044522,615
Other undisclosed long-term investments and receivables2,438,2881,820,3491,628,3491,596,3691,479,9561,504,385
Intangible assets, net (including goodwill)84,00087,00090,00093,00096,00094,000
Intangible assets, net (excluding goodwill)84,00087,00090,00093,00096,00094,000
Total noncurrent assets:4,392,0003,667,0002,998,0002,188,0002,047,0002,121,000
Other undisclosed assets35,40244,75310,47569,08786,49571,898
TOTAL ASSETS:4,760,1484,148,3113,459,0672,387,2742,154,9132,250,172
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt19250,094    
Total current liabilities:19250,094    
Noncurrent Liabilities
Other undisclosed liabilities3,095,2102,531,7022,248,9181,447,3621,350,3901,607,391
Total liabilities:3,095,4022,581,7962,248,9181,447,3621,350,3901,607,391
Equity
Equity, attributable to parent1,629,2371,544,7181,203,296936,480801,100639,184
Common stock908853765663605517
Additional paid in capital1,924,2001,727,6671,394,0091,102,303965,384770,983
Accumulated other comprehensive income (loss)(10,397)9,90412,6343,300(1,684)(1,065)
Accumulated deficit(285,474)(193,706)(204,112)(169,786)(163,205)(131,251)
Equity, attributable to noncontrolling interest35,50921,7976,8533,4323,4233,597
Total equity:1,664,7461,566,5151,210,149939,912804,523642,781
TOTAL LIABILITIES AND EQUITY:4,760,1484,148,3113,459,0672,387,2742,154,9132,250,172

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues239,737213,166186,907141,581137,808105,573
Revenue, net24,60619,831
Operating lease, lease income26,24525,90525,87825,884
Net investment income134,656106,88995,55976,20067,71156,734
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
  (496)(10,096)(8,027)  
Gross profit:239,737212,670176,811133,554137,808105,573
Operating expenses(42,732)(19,907)(14,846)(14,693)(13,503)(10,762)
Operating income:197,005192,763161,965118,861124,30594,811
Interest and debt expense(115,559)(121,705)(92,182)(64,241)(76,874)(65,472)
Other undisclosed loss from continuing operations before equity method investments, income taxes(63,445)(52,975)(37,766)(28,777)(25,651)(19,708)
Income from continuing operations before equity method investments, income taxes:18,00118,08332,01725,84321,7809,631
Income from equity method investments31,291126,42147,96364,17422,16222,289
Income from continuing operations before income taxes:49,292144,50479,98090,01743,94231,920
Income tax expense (benefit)(7,381)(17,158)2,779(8,097)(2,144)(885)
Income from continuing operations:41,911127,34682,75981,92041,79831,035
Income before gain (loss) on sale of properties:127,34682,75981,92041,79831,035
Net income:41,911127,34682,75981,92041,79831,035
Net loss attributable to noncontrolling interest(409)(767)(343)(356)(221)(179)
Net income attributable to parent:41,502126,57982,41681,56441,57730,856
Other undisclosed net loss available to common stockholders, basic(702)(879)(916)(1,364)  
Net income available to common stockholders, basic:40,800125,70081,50080,20041,57730,856
Interest on convertible debt1,4006,300400   
Net income available to common stockholders, diluted:42,200132,00081,90080,20041,57730,856

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:41,911127,34682,75981,92041,79831,035
Other comprehensive income (loss)2,200400(1,100)(1,800)  
Other undisclosed comprehensive income (loss)(22,734)(3,147)10,4746,806(622)42
Comprehensive income:21,377124,59992,13386,92641,17631,077
Comprehensive loss, net of tax, attributable to noncontrolling interest(176)(751)(383)(378)(218)(178)
Comprehensive income, net of tax, attributable to parent:21,201123,84891,75086,54840,95830,899

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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