For the quarter ending 2025-09-30, AMRC had $23,579K increase in cash & cash equivalents over the period. $18,064K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 21,841 | 9,912 |
| Depreciation of energy assets, net | 26,086 | 46,839 |
| Depreciation of property and equipment | 515 | 1,180 |
| Increase in contingent consideration | 0 | 71 |
| Accretion of aro liabilities | 108 | 216 |
| Earnings from unconsolidated entities | - | 411 |
| Amortization of debt discount and debt issuance costs | 1,572 | 2,849 |
| Amortization of intangible assets | 634 | 1,120 |
| Provision for credit losses | 180 | 9 |
| (gain) loss on disposal of assets | -44 | 1,343 |
| Non-cash project revenue related to in-kind leases | 1,875 | 4,509 |
| Earnings from unconsolidated entities | 677 | - |
| Net gain from derivatives | -813 | 2,967 |
| Stock-based compensation expense | 3,746 | 6,595 |
| Deferred income taxes, net | -4,892 | -2,916 |
| Unrealized foreign exchange gain | -145 | 3,224 |
| Accounts receivable | -5,822 | -12,721 |
| Accounts receivable retainage | 2,708 | 4,447 |
| Federal espc receivable | 23,056 | 36,661 |
| Inventory, net | 397 | 832 |
| Unbilled revenue | 80,314 | -18,479 |
| Prepaid expenses and other current assets | 24,453 | 17,241 |
| Income taxes receivable, net | -158 | 1,314 |
| Project development costs | -759 | -2,509 |
| Other assets | 3,746 | 4,472 |
| Accounts payable, accrued expenses and other current liabilities | 101,862 | -84,147 |
| Deferred revenue | -5,330 | 7,207 |
| Other liabilities | 1,982 | 4,618 |
| Cash flows from operating activities | 17,712 | -55,177 |
| Purchases of property and equipment | -352 | 569 |
| Capital investments in energy assets | 75,244 | 208,126 |
| Capital investments in major maintenance of energy assets | 6,544 | 10,080 |
| Proceeds from sale of investment tax credits | 0 | 70,788 |
| Net proceeds from equity method investments | 0 | 0 |
| Contributions to equity method investments | 190 | 24,074 |
| Grant award received on energy asset | 0 | - |
| Acquisitions, net of cash received | 623 | 3,972 |
| Cash flows from investing activities | -82,249 | -176,033 |
| Payments on long-term corporate debt financings | 1,250 | 15,500 |
| Proceeds from long-term corporate debt financings | 0 | 100,000 |
| Payments on senior secured revolving credit facility, net | 7,000 | -32,000 |
| Proceeds from long-term energy asset debt financings | 77,170 | 290,159 |
| Payments on long-term energy asset debt and financing leases | 38,237 | 154,223 |
| Proceeds from termination of interest rate swaps | 0 | 2,808 |
| Payment on seller's promissory note | 0 | 0 |
| Payments of debt discount and debt issuance costs | 648 | 6,763 |
| Proceeds from federal espc projects | 46,619 | 35,415 |
| Net (payments) proceeds from energy asset receivable financing arrangements | -208 | -207 |
| Proceeds from exercises of options and espp | 159 | 1,298 |
| Contributions from non-controlling interests | 924 | 3,799 |
| Distributions to non-controlling interest | 2,492 | 2,851 |
| Distributions to redeemable non-controlling interests, net | 0 | 0 |
| Cash flows from financing activities | 89,037 | 221,935 |
| Effect of exchange rate changes on cash | -921 | 2,914 |
| Net increase in cash, cash equivalents, and restricted cash | 23,579 | -6,361 |
| Cash and cash equivalents at beginning of period | 198,378 | - |
| Cash and cash equivalents at end of period | 215,596 | - |
Ameresco, Inc. (AMRC)
Ameresco, Inc. (AMRC)