Ormat Technologies, Inc. (ORA) financial statements (2021 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 investments 9948230186
Cash and cash equivalents 9948230186
Restricted cash and investments 79493450
Receivables 1571249863
Inventory, net of allowances, customer advances and progress billings 45201218
Inventory 45201218
Costs in excess of billings 5225
Other undisclosed current assets 94814633
Total current assets: 473322473375
Noncurrent Assets
Property, plant and equipment 1,9601,7351,5561,559
Intangible assets, net (including goodwill) 2201065926
Goodwill 20217 
Intangible assets, net (excluding goodwill) 200855326
Deferred costs    43
Deferred tax assets, net 57  
Other undisclosed noncurrent assets 469404373290
Total noncurrent assets: 2,6482,3021,9891,918
TOTAL ASSETS: 3,1212,6242,4622,293
Current Liabilities
Accounts payable and accrued liabilities, including: 1161549292
Accounts payable 56644841
Accrued liabilities 1918109
Employee-related liabilities 20201815
Taxes payable 11461115
Interest and dividends payable 6448
Other undisclosed accounts payable and accrued liabilities 4224
Debt 2221065451
Billings in excess of cost 3234
Contract with customer, liability18
Other undisclosed current liabilities 5231211
Total current liabilities: 362283189189
Noncurrent Liabilities
Long-term debt and lease obligation 1,041804873858
Long-term debt, excluding current maturities 1,041804873858
Liabilities, other than long-term debt 195138159143
Deferred revenue and credits 5558
Contract with customer, liability48
Asset retirement obligations 39272321
Deferred tax liabilities, net61623533
Liability for uncertainty in income taxes 129610
Restructuring reserve 18211919
Other liabilities 1619212
Other undisclosed noncurrent liabilities 70966620
Total noncurrent liabilities: 1,3061,0381,0981,021
Total liabilities: 1,6681,3221,2871,209
Temporary equity, carrying amount 9 5 
Stockholders' equity
Stockholders' equity attributable to parent 1,3201,2111,078990
Common stock 0000
Additional paid in capital 901889869849
Accumulated other comprehensive loss (4)(5)(8)(8)
Retained earnings 422327217148
Stockholders' equity attributable to noncontrolling interest 125849294
Total stockholders' equity: 1,4451,2961,1701,084
Other undisclosed liabilities and equity  6  
TOTAL LIABILITIES AND EQUITY: 3,1212,6242,4622,293

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

Revenues 719693663595
Revenue, net 663595
Cost of revenue
(Cost of Goods and Services Sold)
Gross profit: 270268271218
Operating expenses (85)(63)(69)(54)
Other undisclosed operating loss (0)   
Operating income: 185205202164
Nonoperating income 3020722
Investment income, nonoperating 27191726
Foreign currency transaction gain (loss), before tax (5)3(6)(2)
Other nonoperating income (expense) 8(2)(5)(2)
Interest and debt expense (71)(54)(67)(73)
Other undisclosed loss from continuing operations before equity method investments, income taxes (7)   
Income from continuing operations before equity method investments, income taxes: 137171141114
Income (loss) from equity method investments 8(2)(8)(6)
Other undisclosed income from continuing operations before income taxes    6
Income from continuing operations before income taxes: 145169133114
Income tax expense (benefit) (35)(22)(32)15
Income before gain (loss) on sale of properties: 110147102129
Other undisclosed net loss    (6)
Net income: 110147102123
Net loss attributable to noncontrolling interest (12)(15)(8)(4)
Net income available to common stockholders, diluted: 9813294120

Comprehensive Income ($ in millions)

Net income: 110147102123
Other comprehensive loss    (0)
Other undisclosed comprehensive income (loss) 04(0)1
Comprehensive income: 111151101124
Comprehensive loss, net of tax, attributable to noncontrolling interest (12)(16)(7)(4)
Comprehensive income, net of tax, attributable to parent: 9913694121

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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