ORMAT TECHNOLOGIES, INC. (ORA)
ORMAT TECHNOLOGIES, INC. (ORA)
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 44,613 | 33,049 | 24,708 | 69,233 |
| Depreciation and amortization | 76,364 | 77,335 | 74,981 | 139,808 |
| Accretion of asset retirement obligation | 2,231 | 1,951 | 2,178 | 4,201 |
| Stock-based compensation | 4,724 | 4,916 | 4,941 | 9,533 |
| Income attributable to sale of tax benefits, net of interest expense | 9,250 | 5,640 | 7,181 | 13,431 |
| Equity in losses (earnings) of investees | 512 | 99 | 455 | 406 |
| Loss (gain) on severance pay fund asset | NaN | 127 | 118 | 49 |
| Mark-to-market of derivative instruments | -186 | -1,756 | -1,198 | 2,404 |
| Disposal of property, plant and equipment | 7 | -14 | -15 | 332 |
| Write-off of unsuccessful exploration and storage activities | 2,082 | 302 | 377 | 767 |
| Write-off of long-lived assets | 8,112 | 12,064 | 0 | 0 |
| Loss (gain) on severance pay fund asset | -111 | NaN | NaN | NaN |
| Changes in fair value of equity investments without a readily determinable fair value | 1,714 | NaN | NaN | NaN |
| Bargain purchase gain | 9,618 | NaN | NaN | NaN |
| Change in operating lease right of use asset | NaN | NaN | 1,337 | 2,404 |
| Induced conversion expense | 33,652 | NaN | NaN | NaN |
| Loss (gain) on foreign currency exchange rates | 345 | 571 | 190 | -8,329 |
| Deferred income tax provision | -20,423 | -11,138 | -6,998 | -15,038 |
| Liability for unrecognized tax benefits | 18 | -3,253 | 458 | -1,311 |
| Gain from sale of a power plant | 24,756 | NaN | NaN | NaN |
| Receivables | 3,859 | 14,671 | -3,274 | -15,865 |
| Change in operating lease liabilities | NaN | NaN | -1,730 | -1,926 |
| Costs and estimated earnings in excess of billings on uncompleted contracts | 6,418 | 6,833 | 10,171 | -16,794 |
| Long-term costs and estimated earnings in excess of billings on uncompleted contracts | 4,659 | 8,867 | 10,667 | 29,396 |
| Inventories | -1,112 | 664 | -303 | 6,815 |
| Prepaid expenses and other | -7,514 | -2,356 | 2,066 | -531 |
| Change in operating lease right of use asset | 1,389 | 5,093 | NaN | NaN |
| Deposits and other | -637 | -3,232 | 3,929 | -6,456 |
| Accounts payable and accrued expenses | -13,610 | 32,952 | -16,573 | -18,161 |
| Billings in excess of costs and estimated earnings on uncompleted contracts | -8,096 | -19,518 | -4,395 | 12,591 |
| Liabilities for severance pay | 397 | 564 | -606 | 1,496 |
| Change in operating lease liabilities | -1,268 | -6,387 | NaN | NaN |
| Other long-term liabilities | -460 | -340 | -3,000 | 204 |
| Net cash provided by operating activities | 78,579 | 105,040 | 45,154 | 184,907 |
| Capital expenditures | 113,787 | 145,083 | 147,267 | 327,426 |
| Cash received from sale of a power plant | 93,136 | NaN | NaN | NaN |
| Investment in unconsolidated companies | 25,500 | 1,500 | -1 | 16,297 |
| Buyout of class b membership in opal geo | NaN | NaN | 0 | NaN |
| Cash paid for business acquisition, net of cash acquired | 78,282 | 0 | 0 | 88,650 |
| Decrease (increase) in severance pay fund asset, net of payments to retired employees | 56 | 55 | 105 | 53 |
| Proceeds related to tax monetization transaction | NaN | NaN | NaN | 5,190 |
| Net cash used in investing activities | -124,489 | -146,638 | -147,371 | -432,426 |
| Proceeds from long-term loans, net of transaction costs | 5,238 | 103,921 | 145,241 | 299,339 |
| Proceeds from exercise of options by employees | 0 | 0 | 0 | 0 |
| Proceeds from issuance of common stock, net of stock issuance costs | NaN | 0 | NaN | NaN |
| Proceeds from issuance of convertible notes, net of transaction costs | 976,500 | 0 | 0 | NaN |
| Purchase of treasury stock | 24,395 | NaN | NaN | NaN |
| Proceeds related to tax monetization transactions | 46,413 | 42,158 | 109,828 | NaN |
| Transaction with noncontrolling interest | NaN | 0 | NaN | NaN |
| Proceeds from issuance of commercial paper, net of transaction costs | NaN | 0 | NaN | NaN |
| Prepayments of convertible notes | 310,862 | NaN | NaN | NaN |
| Repayments of long-term debt and financing liability | NaN | 62,198 | 66,474 | 136,790 |
| Proceeds from revolving credit lines with banks | 414,000 | 525,000 | 766,500 | 682,000 |
| Repayment of revolving credit lines with banks | 494,000 | 480,000 | 828,000 | 585,500 |
| Cash received from noncontrolling interest | 5,473 | 0 | 0 | 10,276 |
| Repayments of long-term debt | 70,636 | NaN | NaN | NaN |
| Cash paid to noncontrolling interest | 2,421 | 446 | 4,087 | 3,301 |
| Payments under financelease obligations | 524 | 556 | 519 | 765 |
| Debt issuance costs | 8,628 | 3,972 | 7,873 | 8,964 |
| Cash dividends paid | 7,506 | 7,242 | 7,275 | 14,555 |
| Net cash provided by financing activities | 528,652 | 116,665 | 102,151 | 246,930 |
| Effect of exchange rate changes | -666 | 62 | -261 | 881 |
| Net change in cash and cash equivalents and restricted cash and cash equivalents | 482,076 | 75,129 | -327 | 292 |
| Cash and cash equivalents and restricted cash and cash equivalents at beginning of period | 280,866 | 205,737 | 205,772 | NaN |
| Cash and cash equivalents and restricted cash and cash equivalents at end of period | 762,942 | 280,866 | 205,737 | NaN |