Ameresco, Inc.
Cash Flow Statement
| Line Item | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $56.8M | $62.5M | $94.9M | $70.5M | $54.1M | $44.4M | $38.0M | $37.5M |
| Depreciation & Amortization | $89.2M | $65.9M | $54.3M | $44.8M | $40.1M | $37.7M | $29.1M | $23.9M |
| Depreciation | $5.0M | $4.2M | $2.7M | $3.1M | $3.3M | $3.0M | $2.2M | $2.4M |
| Amortization | $2.1M | $2.4M | $1.9M | $321.0K | $685.0K | $909.0K | $1.1M | $1.5M |
| Stock-Based Compensation | $14.1M | $10.3M | $15.0M | $8.7M | $1.9M | $1.6M | $1.3M | $1.3M |
| Net Cash from Operating Activities | $117.6M | $-70.0M | $-338.3M | $-172.3M | $-102.6M | $-196.3M | $-53.2M | $-135.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $4.3M | $5.7M | $5.3M | $4.9M | $2.2M | $6.7M | $3.9M | $2.9M |
| Business Acquisitions | $0 | $9.2M | $0 | $14.9M | $0 | $1.3M | $3.6M | $2.4M |
| Net Cash from Investing Activities | $-386.6M | $-566.9M | $-328.4M | $-205.3M | $-181.0M | $-142.2M | $-133.2M | $-88.0M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | $0 | $0 | $6.0K | $144.0K | $1.8M | $3.4M |
| Net Cash from Financing Activities | $313.9M | $640.8M | $730.2M | $365.5M | $305.2M | $317.4M | $224.5M | $230.2M |
| Net Change in Cash | $44.7M | $3.8M | $62.8M | $-11.8M | $21.6M | $-20.7M | $37.8M | $7.3M |
| Free Cash Flow | $113.3M | $-75.7M | $-343.6M | $-177.2M | $-104.8M | $-203.0M | $-57.1M | $-138.4M |