Hannon armstrong sustainable infrastructure capital, inc. (HASI)
CashFlow / 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'12
Cash flows from operating activities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

24,410

46,242

9,175

12,795

13,708

9,099

16,574

17,353

-1,228

3,407

7,975

12,411

7,242

4,437

3,347

3,775

3,197

2,260

2,143

1,484

2,147

1,480

2,602

2,875

2,813

949

Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Provision for loss on receivables

648

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gain on derivative instrument

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23

Depreciation and amortization

895

900

900

657

1,136

965

1,247

1,198

1,116

-5,977

3,469

3,313

2,745

2,308

1,777

1,787

1,786

1,234

1,155

797

764

817

716

1,036

62

105

Amortization of deferred financing costs

2,096

1,362

1,714

1,686

1,673

2,836

2,769

2,507

2,615

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

438

-

Equity-based compensation

3,548

3,775

3,396

3,411

3,578

2,185

2,656

3,380

1,845

2,953

2,798

2,984

2,569

2,602

2,532

2,912

2,008

2,913

2,702

2,825

2,201

1,560

1,657

1,520

450

2

Equity method investments

-8,914

38,087

179

-1,850

-2,024

-1,931

3,191

3,480

-9,052

-2,979

3,787

5,820

1,118

-211

-158

-192

-220

64

186

-295

-53

-

-

-

-

-448

Gain (Loss) on Securitization of Financial Assets

14,302

38,142

10,224

1,741

6,610

3,379

6,340

8,753

7,256

10,779

7,075

6,838

4,223

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of receivables and investments

-9,397

-

-

-

0

-

-

-

-

-590

-3,202

1,955

-300

426

223

-2,948

4,314

-1,949

306

1,508

3,255

-

-

-

-

-

Changes in receivables held-for-sale

-

-

-

-

-

-8,575

-7,253

-100

3,243

3,338

0

0

0

5,644

35,178

0

5,382

-4,017

157

-45

14,907

-16,731

-45

0

16,801

-

Noncash gain on securitizations and payment in kind income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-136

Amortization of servicing assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

153

70

Change in securitization residual assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-360

-87

Changes in accounts payable and accrued expenses

-11,291

9,988

1,639

2,842

-9,285

4,461

3,187

100

-866

-1,545

-950

2,910

-742

-1,284

1,878

-58

2,776

-1,148

543

845

-1,269

-245

-5,269

1,123

1,190

-2,638

Other

12,660

-1,764

6,492

4,463

2,771

6,920

2,593

3,033

3,174

7,652

-2,177

-1,400

1,529

5,460

2,084

4,250

1,189

2,532

74

4,003

575

2,295

-96

538

-244

311

Net cash provided by (used in) operating activities

11,655

-2,097

11,096

17,037

3,453

28,998

15,276

9,172

5,347

-9,741

7,809

8,405

5,244

5,850

40,928

211

9,866

-3,278

6,134

690

14,973

-18,455

-1,460

2,527

22,511

-1,447

Cash flows from investing activities
Equity method investments

140,877

103,795

17,398

20,455

10,448

72,593

3,409

347

0

3,011

15,263

116,881

97,656

46,609

3,459

9,084

1,622

-

-

-

-

-

-

-

-

-

Investments in equity method affiliate, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

584

Equity method investment distributions received

50,143

17,698

15,927

17,028

20,530

10,964

20,843

32,966

23,387

17,569

23,773

19,925

13,847

7,070

13,897

11,912

15,991

4,212

6,453

8,299

6,343

-

-

-

-

443

Purchases of and investments in receivables

29,671

223,394

177,192

74,850

22,430

178,558

110,810

25

3,441

24,524

5,716

45,416

35,505

77,460

116,177

30,732

76,142

67,083

37,180

166,078

19,565

103,281

16,567

58,567

48,660

2,102

Principal collections from receivables

38,276

8,770

12,770

14,785

21,345

316,624

12,420

6,637

10,275

9,550

33,419

23,291

32,222

11,691

47,272

48,807

8,662

10,905

8,830

11,173

39,185

-

-

-

-

-

Proceeds from sales of receivables

8,035

0

38,242

69,771

26,919

0

0

0

0

-318

27,786

39,305

12,084

4,926

6,020

-95

29,127

34,461

21,541

23,603

12,851

-

-

-

-

-

Principal collections from financing receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,644

6,285

Purchases of real estate

-

-

-

-

-

-

-

-

-

28,030

23,989

12,109

106,854

6,729

3,619

18

7,327

906

3,494

21,973

16,540

-

-

-

-

-

Purchases of investments

15,937

23,588

7,326

8,107

6,809

6,181

12,743

2,558

3,826

6,996

4,128

885

10,106

5,440

2,562

10,469

12,864

12,458

704

15,486

5,000

-

-

-

-

-

Principal collections from investments

1,048

1,194

1,422

2,685

1,325

1,502

3,068

-62

744

2,558

-50

1,177

48

362

549

180

677

127

206

979

7,607

295

-33

2,210

-688

-

Proceeds from sales of investments and securitization assets

42,920

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,201

0

8,514

2,280

-

-

-

-

-

Funding of escrow accounts

712

281

2,332

14,471

11,869

6,221

7,241

11,863

9,655

6,614

30,999

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Withdrawal from escrow accounts

1,273

1,551

7,366

13,845

7,945

4,018

14,430

6,013

8,647

14,067

1,919

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-20

-

Proceeds from affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,293

-33,504

-6,804

-1,980

Other

-35

932

-1,135

-1,687

-69

-231

8

431

297

955

-4,826

-24,620

29,905

210

-480

1,066

484

-2,041

1,805

-1,557

2,871

-

-

-

-

-

Net cash provided by (used in) investing activities

-45,467

-201,676

-89,619

63,577

26,577

88,831

-78,353

14,488

25,834

-26,704

17,622

-66,973

-221,825

-112,399

-57,599

23,349

-43,982

-175,138

-16,051

-182,147

24,290

-275,299

15,400

-65,800

-31,504

6,030

Cash flows from financing activities
Proceeds from nonrecourse debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,181

Principal payments on nonrecourse debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,137

6,511

Proceeds from credit facilities

126,000

0

20,000

55,000

26,500

12,845

126,000

32,938

0

25,000

0

42,000

235,612

37,000

153,500

26,600

90,800

71,300

61,265

140,521

35,000

152,501

50,000

68,000

40,000

-

Principal payments on credit facilities

4,347

6,596

191,368

128,576

1,925

43,820

2,784

0

0

129,543

217,433

56,573

112,228

110,693

42,129

102,818

16,328

201,900

103,695

41,247

29,613

-

-

-

-

-430

Proceeds from issuance of non-recourse debt

15,938

96,000

1,686

19,379

13,923

17,321

5,261

15,721

30,952

180,679

170,464

143,765

114,424

-

-

-

-

293,639

100,500

0

11,626

-

-

-

-

-

Principal payments on non-recourse debt

83,488

25,997

77,587

67,941

35,180

281,790

46,680

33,280

28,787

33,339

18,416

11,901

15,803

12,773

14,895

22,920

18,509

8,183

12,989

11,666

13,764

7,520

30,472

16,239

1,339

-

Payments on deferred funding obligations

-

-

-

-

-

3,573

13,334

40,046

16,993

20,560

30,298

43,558

30,369

9,460

12,867

17,820

25,594

16,969

15,083

22,963

27,823

9,801

6,996

43,087

7,470

-

Net proceeds of common stock issuances

114,760

41,735

-21

50,281

46,388

171,939

-6

15,332

0

-1,417

-83

30,559

67,840

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

102

-

Redemption of OP units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,523

-

Payments of dividends and distributions

24,363

22,167

22,166

21,555

20,518

17,926

17,786

17,671

17,606

17,606

17,608

17,170

15,850

13,080

13,080

11,755

11,566

8,529

8,524

7,342

7,196

5,078

0

5,158

3,628

-

Withholdings on employee share vesting

15,968

-

-

-

6,422

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-990

-1,613

-7,718

-3,593

-6,008

-10,412

-785

-3,080

-367

-8,076

-8,149

-5,788

-3,379

-6,740

-211

-5,230

-682

-13,289

-2,553

-1,172

-236

-

-

-

-

-

Net cash provided by (used in) financing activities

127,542

81,362

225,234

-104,469

16,758

-155,416

49,886

-30,086

-32,801

-4,862

28,477

81,334

240,247

68,041

69,969

-42,427

18,121

215,009

18,927

137,671

-32,006

253,118

8,282

62,389

16,722

-17,507

Increase (decrease) in cash, cash equivalents, and restricted cash

93,730

-122,411

146,711

-23,855

46,788

-37,587

-13,191

-6,426

-1,620

-41,307

53,908

22,766

23,666

-38,508

53,298

-18,867

-15,995

36,593

9,010

-43,786

7,257

-40,636

22,222

-884

7,729

-12,924

Return of capital on Series A Participating Preferred Units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,401

Distributions to non-controlling interest holders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

79

-

Distributions on Series A Participating Preferred Units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,346

Interest paid

25,436

8,172

11,911

13,091

14,882

21,198

17,596

15,857

17,427

15,936

11,841

9,562

11,526

9,802

8,660

10,077

9,319

5,566

5,714

8,178

4,653

3,155

3,514

2,744

3,800

2,051

Non-cash changes in deferred funding obligations and non-recourse debt (financing activity)

-

-

-

-

-

-

-

-

-

-56,527

-18,119

142,148

33,822

115,769

-1,180

33,405

-20,364

-

-

-

-

-

-

-

-

-

Non-cash changes in receivables and investments (investing activity)

-

-

-

-

-

-

-

-

-

71,918

18,119

-142,148

-33,822

-117,504

1,409

-47,318

20,862

-

-

-

-

-

-

-

-

-

Non-cash changes in residual assets (investing activity)

14,302

-82,747

10,288

4,822

6,636

-49,162

6,452

9,122

7,761

-10,641

-7,075

-6,838

-4,223

-

-

-

-

-

-

-

-

-

-

-

-

-