Ormat Technologies, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $123.9M | $123.7M | $124.4M | $65.8M | $62.1M | $85.5M | $88.1M | $98.0M |
| Depreciation & Amortization | $292.1M | $262.9M | $224.8M | $198.8M | $183.0M | $156.6M | $148.8M | $132.2M |
| Depreciation | $252.0M | $222.2M | $186.5M | $163.2M | $153.0M | $133.5M | $126.7M | $114.4M |
| Amortization | $25.4M | $27.8M | $26.8M | $27.2M | $21.7M | $14.4M | $13.3M | $11.2M |
| Stock-Based Compensation | $19.4M | $20.2M | $15.5M | $11.6M | $9.2M | $9.8M | $9.4M | $10.2M |
| Net Cash from Operating Activities | $335.1M | $410.9M | $309.4M | $281.0M | $258.8M | $265.0M | $236.5M | $145.8M |
| Investing Activities | ||||||||
| Capital Expenditures | $619.8M | $487.7M | $618.4M | $563.5M | $419.3M | $320.7M | $280.0M | $258.5M |
| Business Acquisitions | $88.7M | $274.6M | $0 | $0 | $171.0M | $43.4M | $0 | $95.1M |
| Net Cash from Investing Activities | $-726.4M | $-780.3M | $-628.3M | $-523.4M | $-638.2M | $-386.0M | $-254.5M | $-342.4M |
| Financing Activities | ||||||||
| Dividends Paid | $29.1M | $29.1M | $28.4M | $27.1M | $27.0M | $22.5M | $22.4M | $26.8M |
| Stock Repurchases | — | $0 | $0 | $18.0M | $0 | $0 | — | — |
| Net Cash from Financing Activities | $465.7M | $287.9M | $380.0M | $126.3M | $186.4M | $503.5M | $-5.8M | $251.1M |
| Net Change in Cash | $75.1M | $-82.0M | $61.1M | $-116.8M | $-193.3M | $383.7M | $-24.4M | $53.9M |
| Free Cash Flow | $-284.7M | $-76.8M | $-309.0M | $-282.5M | $-160.5M | $-55.7M | $-43.5M | $-112.7M |