Ameresco, inc. (AMRC)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenues

212,413

306,612

212,026

198,183

150,112

217,371

205,375

196,982

167,410

-

204,744

166,665

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Energy efficiency revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

108,418

119,819

113,382

-

188,718

123,786

106,193

147,863

100,827

Renewable energy revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

55,487

44,280

33,190

-

39,085

41,695

40,226

44,038

40,526

Revenues

-

-

-

-

-

-

-

-

-

-

-

-

134,610

-

180,598

162,628

133,776

173,768

189,142

152,489

115,433

181,061

168,891

142,558

100,731

176,135

161,648

126,252

110,136

156,591

163,906

164,099

146,573

188,495

227,803

165,481

146,419

191,901

141,354

Energy efficiency expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

87,898

97,873

89,619

-

155,890

102,247

86,361

121,906

83,064

Renewable energy expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

41,205

35,068

27,729

-

32,058

31,082

32,075

35,114

32,135

Cost of revenues

173,967

258,958

167,333

155,044

117,480

168,170

159,213

154,206

131,937

169,674

163,377

131,257

108,686

138,208

141,803

130,772

106,100

143,536

152,849

121,593

95,790

144,643

133,867

114,622

83,177

147,774

131,585

102,870

88,617

123,628

129,103

132,942

117,349

153,438

187,948

133,330

118,436

157,020

115,200

Gross profit

38,446

47,654

44,693

43,139

32,632

49,201

46,162

42,776

35,473

41,459

41,367

35,408

25,924

36,017

38,795

31,856

27,676

30,232

36,293

30,896

19,643

36,418

35,024

27,936

17,554

28,361

30,063

23,382

21,519

32,963

34,802

31,157

29,223

35,056

39,855

32,151

27,983

34,880

26,153

Salaries and benefits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,441

11,558

14,369

-

10,984

8,162

10,084

8,409

5,327

Project development costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,288

3,830

4,216

-

5,174

5,263

4,401

2,716

2,047

Selling, general and administrative expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

76,388

7,362

7,509

7,213

66,512

7,286

5,368

5,193

4,841

6,765

Selling, general and administrative expenses

28,924

-

31,231

30,082

26,083

-

28,866

28,801

27,204

-

27,027

26,650

26,487

-

28,852

27,140

25,888

-

26,623

25,812

24,071

-

25,800

24,154

24,339

-

22,482

25,292

23,601

-

24,092

22,899

25,799

-

23,446

18,794

19,679

15,967

14,140

Operating income

9,522

18,546

13,462

13,057

6,549

19,559

17,296

13,975

8,269

14,053

14,340

8,758

-563

7,329

9,943

4,716

1,788

-3,269

9,670

5,084

-4,428

6,930

9,224

3,782

-6,785

3,043

7,581

-1,910

-2,082

6,264

10,709

8,258

3,424

12,616

16,408

13,357

8,303

18,913

12,013

Other expenses, net

-5,389

-3,702

-4,192

-3,746

-3,421

-5,955

-3,244

-3,966

-3,544

-2,639

-1,668

-1,738

-1,826

-2,448

-2,268

-1,850

-843

-607

-2,149

-1,347

-2,662

-1,866

-2,465

-796

-1,732

-1,372

-1,588

-448

-465

-216

-1,313

-1,412

-1,107

-3,256

-1,359

-988

-900

-2,010

-1,216

Income before (benefit) provision for income taxes

4,133

14,844

9,270

9,311

3,128

13,604

14,052

10,009

4,725

11,414

12,672

7,020

-2,389

4,881

7,675

2,866

945

-3,876

7,521

3,737

-7,090

5,064

6,759

2,986

-8,517

1,671

5,993

-2,358

-2,547

6,048

9,396

6,845

2,317

9,359

15,048

12,368

7,402

16,903

10,796

Income tax (benefit) provision

-2,503

-5,748

939

804

257

2,934

3,351

1,307

-2,779

-9,087

3,881

1,060

-645

1,498

1,865

766

241

2,789

3,343

1,746

-2,902

-3,590

-532

267

-236

97

1,448

-577

-623

954

2,683

2,026

581

2,425

2,690

3,536

2,114

4,862

3,089

Net income

6,636

20,592

8,331

8,507

2,871

10,670

10,701

8,702

7,504

20,501

8,791

5,960

-1,744

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss (income) attributable to redeemable non-controlling interests

435

-1,611

-539

-709

-1,276

-923

0

0

516

-3,310

298

129

-1,100

114

95

106

-350

-5,528

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to common shareholders

6,201

22,203

8,870

9,216

4,147

11,593

10,701

8,702

6,988

23,811

8,493

5,831

-644

3,418

5,810

2,100

704

-1,137

4,178

1,991

-4,188

8,654

7,291

2,719

-8,281

1,574

4,545

-1,781

-1,924

5,093

6,712

4,819

1,735

6,933

12,358

8,832

5,288

-

-

Net income attributable to common shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,715

1,994

1,054

-

4,178

1,991

-4,188

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income per share attributable to common shareholders:
Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,040

7,707

Unrealized loss from interest rate hedge, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-746

-1,231

Foreign currency translation adjustment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-879

1,183

Comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,174

5,292

Basic (in usd per share)

0.13

0.47

0.19

0.20

0.09

0.25

0.23

0.19

0.15

0.51

0.19

0.13

-0.01

0.08

0.12

0.04

0.02

-0.02

0.09

0.04

-0.09

0.18

0.16

0.06

-0.18

0.03

0.10

-0.04

-0.04

0.11

0.15

0.11

0.04

0.15

0.29

0.21

0.13

0.35

0.56

Diluted (in usd per share)

0.13

0.46

0.19

0.19

0.09

0.24

0.23

0.19

0.15

0.51

0.19

0.13

-0.01

0.08

0.12

0.04

0.02

-0.02

0.09

0.04

-0.09

0.18

0.16

0.06

-0.18

0.03

0.10

-0.04

-0.04

0.11

0.15

0.10

0.04

0.17

0.27

0.19

0.12

0.28

0.21

Weighted average common shares outstanding:
Basic (in shares)

47,384

47,101

46,555

46,387

46,293

46,114

45,854

45,470

45,373

45,535

45,524

45,463

45,514

45,813

46,360

46,719

46,742

46,557

46,517

46,493

46,408

46,357

46,315

46,064

45,909

45,825

45,621

45,465

45,327

45,122

44,788

44,541

44,145

43,544

43,116

42,367

41,322

34,434

13,742

Diluted (in shares)

48,497

48,061

47,693

47,681

47,654

47,327

46,944

46,406

45,994

46,032

45,771

45,675

45,514

45,888

46,430

46,793

46,860

48,810

48,056

47,385

46,408

48,639

46,987

46,573

45,909

49,342

46,605

45,465

45,327

45,246

46,247

46,359

46,128

40,789

46,308

45,907

45,823

43,445

38,412