Ormat Technologies, Inc. (ORA) financial statements (2022 and earlier)

Company profile

Business Address 6140 PLUMAS STREET
RENO, NV 89519-6075
State of Incorp. DE
Fiscal Year End December 31
SIC 4911 - Electric Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

Current Assets
Cash, cash equivalents, and short-term investments239448 9948
Cash and cash equivalents239448 9948
Restricted cash and investments10489 7949
Receivables141167 157124
Inventory, net of allowances, customer advances and progress billings2835 4520
Inventory2835 4520
Other undisclosed current assets8940 9481
Total current assets:602779 473322
Noncurrent Assets
Finance lease, right-of-use asset612 
Operating lease, right-of-use asset1916 
Property, plant and equipment2,2952,099 1,9601,735
Intangible assets, net (including goodwill)453219 220106
Goodwill9025 2021
Intangible assets, net (excluding goodwill)363194 20085
Deferred income tax assets143119 
Deferred tax assets, net 57
Other undisclosed noncurrent assets906645 469404
Total noncurrent assets:3,8243,110 2,6482,302
TOTAL ASSETS:4,4263,889 3,1212,624
Current Liabilities
Accounts payable and accrued liabilities, including:143153 116154
Accounts payable7576 5664
Accrued liabilities1515 1918
Employee-related liabilities2629 2020
Taxes payable1121 1146
Interest and dividends payable118 64
Other undisclosed accounts payable and accrued liabilities54 42
Deferred revenue911 
Debt364 222106
Contract with customer, liability18
Other undisclosed current liabilities38921 523
Total current liabilities:544249 362283
Noncurrent Liabilities
Long-term debt and lease obligation211,399 1,041804
Long-term debt, excluding current maturities 1,377 1,041804
Finance lease, liability49 
Operating lease, liability1613 
Liabilities, other than long-term debt196178 195138
Contract with customer, liability48
Asset retirement obligations8563 3927
Deferred tax liabilities, net6162
Deferred income tax liabilities8588 
Liability for uncertainty in income taxes62 129
Restructuring reserve1619 1821
Other liabilities56 1619
Other undisclosed noncurrent liabilities1,657111 7096
Total noncurrent liabilities:1,8741,689 1,3061,038
Total liabilities:2,4181,938 1,6681,322
Temporary equity, carrying amount910 9 
Stockholders' equity
Stockholders' equity attributable to parent1,8551,806 1,3201,211
Common stock00 00
Additional paid in capital1,2721,262 901889
Accumulated other comprehensive loss(2)(7) (4)(5)
Retained earnings585550 422327
Stockholders' equity attributable to noncontrolling interest143135 12584
Total stockholders' equity:1,9981,941 1,4451,296
Other undisclosed liabilities and equity    6
TOTAL LIABILITIES AND EQUITY:4,4263,889 3,1212,624

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

Revenues663705 719693
Cost of revenue
(Cost of Goods and Services Sold)
(399)(429) (449)(424)
Gross profit:264276 270268
Operating expenses(95)(62) (85)(63)
Other undisclosed operating loss   (0) 
Operating income:169214 185205
Nonoperating income1733 3020
Investment income, nonoperating3227 2719
Foreign currency transaction gain (loss), before tax(15)4 (5)3
Other nonoperating income (expense)(0)1 8(2)
Interest and debt expense(83)(78) (71)(54)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (7) 
Income from continuing operations before equity method investments, income taxes:104169 137171
Income (loss) from equity method investments(3)0 8(2)
Income from continuing operations before income taxes:101169 145169
Income tax expense(25)(67) (35)(22)
Net income:76102 110147
Net loss attributable to noncontrolling interest(14)(16) (12)(15)
Net income available to common stockholders, diluted:6285 98132

Comprehensive Income ($ in millions)

Net income:76102 110147
Other comprehensive loss(1)    
Other undisclosed comprehensive income43 04
Comprehensive income:79105 111151
Comprehensive loss, net of tax, attributable to noncontrolling interest(13)(18) (12)(16)
Comprehensive income, net of tax, attributable to parent:6787 99136

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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