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 investments448 9948230
Cash and cash equivalents448 9948230
Restricted cash and investments89 794934
Receivables167 15712498
Inventory, net of allowances, customer advances and progress billings35 452012
Inventory35 452012
Costs in excess of billings 52
Other undisclosed current assets40 948146
Total current assets:779 473322473
Noncurrent Assets
Finance lease, right-of-use asset12 
Operating lease, right-of-use asset16 
Property, plant and equipment2,099 1,9601,7351,556
Intangible assets, net (including goodwill)219 22010659
Goodwill25 20217
Intangible assets, net (excluding goodwill)194 2008553
Deferred income tax assets119 
Deferred tax assets, net 57 
Other undisclosed noncurrent assets645 469404373
Total noncurrent assets:3,110 2,6482,3021,989
TOTAL ASSETS:3,889 3,1212,6242,462
Current Liabilities
Accounts payable and accrued liabilities, including:153 11615492
Accounts payable76 566448
Accrued liabilities15 191810
Employee-related liabilities29 202018
Taxes payable21 114611
Interest and dividends payable8 644
Other undisclosed accounts payable and accrued liabilities4 422
Deferred revenue11 
Debt64 22210654
Billings in excess of cost 32
Contract with customer, liability18
Other undisclosed current liabilities21 52312
Total current liabilities:249 362283189
Noncurrent Liabilities
Long-term debt and lease obligation1,399 1,041804873
Long-term debt, excluding current maturities1,377 1,041804873
Finance lease, liability9 
Operating lease, liability13 
Liabilities, other than long-term debt178 195138159
Deferred revenue and credits 55
Contract with customer, liability48
Asset retirement obligations63 392723
Deferred tax liabilities, net616235
Deferred income tax liabilities88 
Liability for uncertainty in income taxes2 1296
Restructuring reserve19 182119
Other liabilities6 161921
Other undisclosed noncurrent liabilities111 709666
Total noncurrent liabilities:1,689 1,3061,0381,098
Total liabilities:1,938 1,6681,3221,287
Temporary equity, carrying amount10 9 5
Stockholders' equity
Stockholders' equity attributable to parent1,806 1,3201,2111,078
Common stock0 000
Additional paid in capital1,262 901889869
Accumulated other comprehensive loss(7) (4)(5)(8)
Retained earnings550 422327217
Stockholders' equity attributable to noncontrolling interest135 1258492
Total stockholders' equity:1,941 1,4451,2961,170
Other undisclosed liabilities and equity   6 
TOTAL LIABILITIES AND EQUITY:3,889 3,1212,6242,462

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

Revenues705 719693663
Revenue, net 663
Cost of revenue
(Cost of Goods and Services Sold)
(429) (449)(424)(392)
Gross profit:276 270268271
Operating expenses(62) (85)(63)(69)
Other undisclosed operating loss  (0)  
Operating income:214 185205202
Nonoperating income33 30207
Investment income, nonoperating27 271917
Foreign currency transaction gain (loss), before tax4 (5)3(6)
Other nonoperating income (expense)1 8(2)(5)
Interest and debt expense(78) (71)(54)(67)
Other undisclosed loss from continuing operations before equity method investments, income taxes  (7)  
Income from continuing operations before equity method investments, income taxes:169 137171141
Income (loss) from equity method investments0 8(2)(8)
Income from continuing operations before income taxes:169 145169133
Income tax expense(67) (35)(22)(32)
Net income:102 110147102
Net loss attributable to noncontrolling interest(16) (12)(15)(8)
Net income available to common stockholders, diluted:85 9813294

Comprehensive Income ($ in millions)

Net income:102 110147102
Other undisclosed comprehensive income (loss)3 04(0)
Comprehensive income:105 111151101
Comprehensive loss, net of tax, attributable to noncontrolling interest(18) (12)(16)(7)
Comprehensive income, net of tax, attributable to parent:87 9913694

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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