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Ormat Technologies Inc

Common Name

Ormat Technologies

Country

United States

Sector

Utilities

Industry

Utilities - Renewable

Employees

1,512

Ticker

ORA

Exchange

NEW YORK STOCK EXCHANGE, INC.

Website

www.ormat.com

Description

Ormat Technologies Inc. is a leading company in the renewable energy sector, specializing in the development, construction, and operation of geothermal and recovered energy-based power plants. Ormat's... Show more

Income Statement Balance Sheet Group Entities

Ormat Technologies's Financial Statements Preview

Below are the financial statements of Ormat Technologies, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

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All figures in millions of USD	2024	2023	2022
Revenues	—	—	—
Electricity	702.26^a	666.77^a	631.73^a
Product	139.66^a	133.76^a	71.41^a
Energy storage	37.73^a	28.89^a	31.02^a
Total revenues	879.65^a	829.42^a	734.16^a
Cost of revenues	—	—	—
Electricity	-459.53^a	-422.55^a	-380.36^a
Product	-113.91^a	-115.8^a	-60.48^a
Energy storage	-33.6^a	-27.06^a	-24.5^a
Total cost of revenues	-607.04^a	-565.41^a	-465.34^a
Gross profit	272.62^a	264.02^a	268.82^a
Operating expenses	—	—	—
Research and development expenses	-6.5^a	-7.22^a	-5.08^a
Selling and marketing expenses	-17.69^a	-18.31^a	-16.19^a
General and administrative expenses	-80.12^a	-68.18^a	-61.27^a
Other operating income	-9.38^a	0^a	0^a
Impairment of long-lived assets	-1.28^a	0^a	-32.65^a
Write-off of unsuccessful exploration and storage activities	-3.93^a	-3.73^a	-0.83^a
Operating income	172.47^a	166.59^a	152.8^a
Other income (expense)	—	—	—
Interest income	7.88^a	11.98^a	3.42^a
Interest expense, net	-134.03^a	-98.88^a	-87.74^a
Derivatives and foreign currency transaction gains (losses)	-4.19^a	-3.28^a	-6.04^a
Income attributable to sale of tax benefits	73.05^a	61.16^a	33.89^a
Other non-operating income (expense), net	0.19^a	1.52^a	-0.71^a
Income from operations before income tax and equity in earnings (losses) of investees	115.38^a	139.09^a	95.61^a
Income tax (provision) benefit	-16.29^a	-5.98^a	-14.74^a
Equity in earnings (losses) of investees	-0.43^a	0.04^a	-3.07^a
Net income	131.24^a	133.14^a	77.8^a
Net income attributable to noncontrolling interest	-7.51^a	-8.74^a	-11.95^a
Net income attributable to the company's stockholders	123.73^a	124.4^a	65.84^a

Verified Sources Behind Ormat Technologies’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Ormat Technologies’s data sources below and access millions more through our Disclosure Search.

a. Ormat Technologies's Annual Report 2024

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Ormat Technologies Inc

Ormat Technologies's Financial Statements Preview

Ormat Technologies's Financial Statements Preview

Verified Sources Behind Ormat Technologies’s Financial Fundamentals Data

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