ORMAT TECHNOLOGIES, INC. ORA Income Statement

Ormat technologies, inc. (ORA)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenues:
Revenues
-	-	-	-	-	-	-	-	-	692,812	692,966	720,398	700,895	662,591	667,146	645,381	626,007	594,644	572,813	550,203	537,319	559,524	541,186	531,693	556,769	533,239	512,750	514,298	488,327	501,773	503,538	482,082	459,988	425,456	406,108	396,744	388,396	373,230	399,423	397,445	0	0	0
Cost of revenues:
Cost of revenues
462,157	476,721	458,437	461,121	463,040	448,832	451,185	431,489	419,523	424,360	422,233	434,369	419,563	391,796	398,849	392,241	387,880	376,365	363,813	345,060	343,002	355,773	349,391	355,617	370,269	373,421	375,186	386,247	372,332	372,761	365,310	338,334	321,412	311,681	304,102	305,318	311,470	295,603	300,732	296,398	0	0	0
Gross profit
276,962	269,323	285,630	278,927	271,242	270,435	243,982	254,383	267,414	268,452	270,733	286,029	281,332	270,795	268,297	253,140	238,127	218,279	209,000	205,143	194,317	203,751	191,795	176,076	186,500	159,818	137,564	128,051	115,995	129,012	138,228	143,748	138,576	113,775	102,006	91,426	76,926	77,627	98,691	101,047	0	0	0
Operating expenses:
Research and development expenses
5,366	4,647	3,890	3,534	3,975	4,183	3,854	3,864	3,663	3,157	3,100	3,470	3,015	2,762	2,698	1,947	1,766	1,780	1,500	1,415	1,233	783	1,914	2,502	3,878	4,965	5,606	6,204	6,060	6,108	5,621	6,531	7,642	8,801	9,115	8,021	9,060	10,120	11,996	13,231	0	0	0
Selling and marketing expenses
15,976	15,047	14,737	19,532	19,968	19,802	19,506	14,558	14,936	15,600	16,371	17,534	17,112	16,424	16,114	15,704	16,319	16,077	16,671	16,546	15,479	15,425	17,605	15,922	16,483	24,613	20,741	21,512	22,305	15,718	19,566	19,160	18,315	16,053	13,551	13,944	12,905	13,447	12,614	12,496	0	0	0
General and administrative expenses
54,492	55,833	46,230	47,905	49,590	47,750	53,175	50,446	46,781	42,881	43,112	51,328	47,910	46,710	45,810	34,667	33,327	34,782	33,364	32,593	31,222	28,614	29,771	29,138	30,200	29,188	28,127	27,713	27,336	28,066	26,814	26,951	27,673	27,366	28,401	27,912	27,429	27,442	26,233	26,035	0	0	0
Impairment charge
-	0	13,464	13,464	-	13,464	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Write-off of unsuccessful exploration activities
-	0	3	3	-	126	1,919	1,919	1,919	0	0	0	-	3,017	3,934	2,825	1,962	1,579	8,466	0	0	-	-	0	-	0	-	-	-	2,639	0	0	0	-	-	-	-	-	-	0	-	0	-
Operating income
201,128	193,796	207,306	194,489	184,242	185,110	165,528	183,596	200,115	205,018	207,847	212,100	210,835	201,882	199,741	197,997	184,753	164,061	149,774	147,083	130,770	143,490	130,304	116,313	131,845	96,958	-146,743	-164,475	-177,954	-159,896	77,044	89,187	84,178	61,555	50,939	41,549	24,482	23,568	42,431	43,868	0	0	0
Other income (expense):
Interest income
1,624	1,515	1,653	1,385	1,154	974	643	684	857	988	1,001	1,012	895	971	1,022	809	608	297	182	164	210	312	698	1,405	1,402	1,332	1,067	605	854	1,201	1,142	1,300	1,680	1,427	1,429	0	0	-	0	-	-	0	0
Interest expense, net
76,434	80,384	84,850	83,474	77,803	70,924	61,877	54,869	53,563	54,142	56,983	62,428	66,289	67,389	69,703	70,314	70,772	72,577	74,005	78,751	81,964	84,654	87,034	82,999	78,431	73,776	71,354	68,295	65,054	64,069	59,569	68,078	71,257	69,459	64,803	51,855	43,839	40,473	34,459	27,913	0	0	0
Derivatives and foreign currency transaction gains (losses)
545	624	-1,554	-2,142	-2,690	-4,761	-1,897	-2,515	-283	2,654	-902	-123	-6,158	-5,534	-3,573	-2,055	1,706	-1,622	-2,841	-7,083	-6,567	-5,839	-2,398	1,806	2,765	5,085	5,213	4,570	1,910	242	-931	-4,205	-1,853	-1,350	-464	3,269	1,640	1,557	500	470	0	0	0
Income attributable to sale of tax benefits
17,240	20,872	20,477	20,487	19,406	19,003	18,842	18,282	19,082	17,878	18,142	18,099	18,262	16,503	18,894	24,065	24,277	25,431	24,726	21,579	22,978	24,143	23,937	23,477	23,130	19,945	17,052	14,336	11,142	10,127	11,267	11,300	11,852	11,474	9,961	9,800	8,729	8,729	10,261	12,444	0	0	0
Gain from sale of property, plant and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on acquisition of controlling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Gain from extinguishment of liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
Other non-operating income (expense), net
867	880	1,479	1,544	7,890	7,779	7,674	5,773	-1,594	-1,666	-1,717	-5,671	-5,628	-5,345	-5,774	-359	-2,083	-1,991	-1,416	-1,042	976	756	658	552	238	1,592	1,833	1,911	2,168	590	546	678	1,307	671	642	528	-308	130	199	516	0	0	0
Income from operations before income tax and equity in earnings (losses) of investees
144,970	137,303	144,511	132,289	132,199	137,181	128,913	150,951	164,614	170,730	167,388	162,989	151,917	141,088	140,607	150,143	138,489	113,599	96,420	81,950	74,031	85,836	73,793	68,182	0	0	0	-	-	-211,805	29,499	30,182	25,907	4,318	-2,525	41,121	27,913	30,782	56,449	30,110	0	0	0
Income tax (provision) benefit
49,722	45,613	51,522	43,080	75,714	34,733	-24,982	-19,942	-16,282	21,664	57,349	63,113	38,238	36,313	40,395	-9,804	-11,638	-15,258	-16,819	27,836	26,747	27,608	19,207	17,964	18,777	16,504	27,284	20,995	11,331	1,827	38,537	39,320	42,197	48,240	-7,833	4,403	2,045	-1,098	8,944	881	0	0	0
Equity in earnings (losses) of investees, net
71	1,853	9,516	8,314	7,500	7,663	1,214	1,668	852	-1,957	-4,691	-7,681	-8,397	-7,735	-5,350	-5,830	-5,670	-5,508	-6,895	-4,661	-3,791	-3,213	-1,311	-570	-447	0	0	0	-	-2,522	-1,949	-775	-687	-959	-496	-508	40	998	1,533	1,971	0	0	0
Income from discontinued operations (including gain on disposal of $0, $0 and $3,646, respectively)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,311	7,434	9,047	0	-	0	0	-	-	-	-	-	14	1,265	2,676	0	0	0
Total income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,697	6,429	7,617	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of a subsidiary in New Zealand, net of related tax of $2,000
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,336	0	0	0	-	-
Net income
95,319	93,543	0	0	0	-	-	-	-	147,109	105,348	92,195	105,282	97,040	94,862	154,117	144,457	123,349	106,344	49,453	43,493	55,015	56,227	52,600	68,794	42,031	-195,163	-208,821	-225,606	-212,607	-26,768	-25,250	-25,734	-42,724	4,812	36,210	26,478	37,228	54,639	38,212	0	0	0
Net income
-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	37,334	-200,487	-215,877	-229,733	-216,154	0	0	0	-	-	-	-	32,878	49,038	31,200	0	0	0
Net income attributable to noncontrolling interest
7,137	5,448	8,796	8,838	9,581	12,145	3,809	7,882	8,086	-1,085	-620	-1,893	-4,515	-1,766	76	-3,772	-5,215	-3,776	-2,453	-675	361	833	863	800	945	793	736	610	369	414	358	428	452	332	330	135	-27	-90	-248	-267	0	0	0
Net income attributable to the Company's stockholders
88,182	88,095	93,709	88,685	54,404	97,966	144,366	157,745	166,728	132,414	91,118	79,238	94,947	89,454	89,118	149,177	139,242	119,573	103,565	47,940	42,662	54,182	55,364	51,800	67,849	41,238	-195,899	-209,431	-225,975	-213,021	-27,126	-25,678	-26,186	-43,056	4,482	36,075	26,505	37,318	54,887	38,479	0	0	0
Comprehensive income:
Other comprehensive income (loss), net of related taxes:
Change in foreign currency translation adjustments
-1,107	-1,810	0	0	0	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Change in unrealized gains or losses in respect of the Company's share in derivatives instruments of unconsolidated investment
-7,027	-3,417	0	0	0	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-212	-220	0	0	-	0	-	-	0	0
Change in respect of derivative instruments designated for cash flow hedge
66	75	0	0	0	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of unrealized gains in respect of derivative instruments designated for cash flow hedge
31	31	0	0	0	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	141	147	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in unrealized gains or losses on marketable securities available-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-237	0	0	0	-	-	-	-	0	0
Comprehensive income
87,220	88,360	0	0	0	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	45,860	54,778	0	0	-	0	-	-	-	-	-	-	-43,173	32,137	0	0	-	0	-	-	0	0
Comprehensive income attributable to noncontrolling interest
6,744	5,120	0	0	0	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	833	863	0	0	-	0	-	-	-	-	-	-	332	194	0	0	-	0	-	-	0	0
Comprehensive income attributable to the Company's stockholders
80,476	83,240	0	0	0	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	45,027	53,915	0	0	-	0	-	-	-	-	-	-	-43,505	31,943	0	0	-	0	-	-	0	0
Basic:
Income from continuing operations (in Dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.18	0.29	0.46	-0.12	-5.05	-0.05	0.16	0.17	-	-	-	-	-	-	-0.05	-0.04	-	-
Discontinued operations (in Dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.09	0.01	-	0.04	0.03	-	-	-	-	-	-	-	0.02	0.08	-	-
Net income (in dollars per share)
0.51	0.25	0.31	0.67	0.51	0.36	0.21	-0.01	1.37	1.28	0.48	0.17	0.71	0.47	0.24	0.49	0.60	0.47	1.47	0.29	0.21	-21,788.37	0.36	0.20	21,789.00	0.18	0.29	0.55	-0.11	-5.04	-0.01	0.19	0.17	-	-	-	-	-	-	-0.03	0.04	-	-
Diluted:
Income from continuing operations (in Dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.18	0.28	0.46	-0.12	-5.05	-0.05	0.16	0.17	-	-	-	-	-	-	-0.05	-0.04	-	-
Discontinued operations (in Dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.09	0.01	-	0.04	0.03	-	-	-	-	-	-	-	0.02	0.08	-	-
Net income (in dollars per share)
0.51	0.24	0.30	0.66	0.51	0.36	0.21	-0.01	1.36	1.27	0.47	0.17	0.70	0.46	0.24	0.49	0.60	0.46	1.41	0.28	0.21	0.15	0.36	0.20	0.47	0.18	0.28	0.55	-0.11	-5.04	-0.01	0.19	0.17	-0.95	0.02	0.18	-0.20	0.10	0.71	-0.03	0.04	0.48	0.35
Earnings per share attributable to the Company's stockholders - basic and diluted
Income from continuing operations (in Dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.71	-	-	0.45	0.32
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.03	0.03
Weighted average number of shares used in computation of earnings per share attributable to the Company's stockholders:
Basic (in shares)
51,036	51,017	50,933	50,800	50,709	50,691	50,645	50,623	50,614	50,607	50,367	49,771	49,680	49,647	49,599	49,456	49,173	49,074	49,023	48,881	47,244	45,257	45,690	45,606	45,479	45,461	45,438	45,431	45,431	45,431	45,431	45,431	45,431	45,431	45,431	45,431	45,431	45,431	45,431	45,431	45,431	45,413	45,369
Diluted (in shares)
51,526	51,511	51,334	51,094	51,012	50,936	50,963	50,958	51,051	51,053	50,867	50,624	50,491	50,293	50,289	50,137	49,782	49,668	51,113	50,600	48,079	45,711	46,102	45,963	45,660	45,610	45,494	45,448	45,431	45,418	45,431	45,438	45,437	45,410	45,440	45,443	45,431	45,470	45,450	45,431	45,457	45,564	45,451
Dividend per share declared (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	0.08	-	-	0.07	0.07	-	-	-	-	-	0.05	0.05	0.05	0.06	-	0.04	-	-	-	-	-	-	0.00	0.04	0.04	0.05	-	0.05	-	-	0.06	0.06
Electricity [Member]
Revenue
540,281	540,333	534,285	527,198	520,298	509,879	500,062	494,047	482,764	466,051	452,176	451,095	444,200	436,292	419,460	406,910	393,835	375,920	371,410	376,671	377,437	382,301	373,757	360,245	356,266	329,747	318,158	306,776	300,945	314,894	307,764	316,967	316,275	312,296	319,824	316,366	303,983	291,820	286,182	262,651	0	0	0
Cost of revenues
306,660	312,835	295,134	294,855	302,316	298,255	309,580	294,179	276,139	268,693	262,839	264,876	263,923	261,573	255,418	250,438	250,717	242,612	240,151	240,377	245,177	246,630	243,872	243,501	234,820	232,874	238,080	236,648	234,572	237,415	223,939	221,956	227,603	235,609	248,865	252,454	253,740	242,326	223,636	206,824	0	0	0
Product [Member]
Revenue
186,292	191,009	196,912	202,314	205,199	201,743	189,888	186,361	199,033	224,483	238,512	268,422	256,695	226,299	247,686	238,471	232,172	218,724	201,403	173,532	159,882	177,223	167,429	171,448	200,503	203,492	194,592	207,522	187,382	186,879	195,774	165,115	143,713	113,160	86,284	80,378	84,413	81,410	113,241	134,794	0	0	0
Cost of revenues
140,846	145,974	148,224	152,820	149,077	140,697	133,960	130,509	136,368	152,094	155,821	167,250	155,640	130,223	143,431	141,803	137,163	133,753	123,662	104,683	97,825	109,143	105,519	112,116	135,449	140,547	137,106	149,599	137,760	135,346	141,371	116,378	93,809	76,072	55,237	52,864	57,730	53,277	77,096	89,574	0	0	0
Energy Storage and Management Services [Member]
Revenue
12,546	14,702	12,870	10,536	8,785	7,645	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of revenues
14,651	17,912	15,079	13,446	11,647	9,880	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Revenue [Member]
Revenue
-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of revenues
-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-