HA Sustainable Infrastructure Capital, Inc. (HASI) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 21.82M | 253.83M | -121.81M | 79.57M | -37.12M | -12.2M | 21.94M | -24.82M | 20.93M | 7.35M | 26.61M | 16.92M | 48.8M | -63.74M | 90.86M | 5.05M | -31.94M | -8.38M | 23.88M | 15.99M |
| Operating CF Margin % | 17.56% | 221.09% | -53.51% | 32.7% | -20.07% | -6.52% | 37.47% | -20.44% | 7.92% | 3.67% | 28.74% | 22.1% | 53.33% | -205.19% | 100.18% | 11.69% | -30.12% | -7.57% | 57.31% | 19.7% |
| Operating CF Growth % | 158.78% | 2180.07% | -655.15% | 420.63% | -277.35% | -266.05% | -17.56% | -246.66% | -57.11% | 111.53% | -70.71% | 234.89% | 252.78% | -660.95% | 280.52% | -68.39% | -75.71% | -139.11% | 94.63% | -42.78% |
| Net Income | -72.56M | -53.58M | 84.91M | 99.8M | 58.19M | 71.31M | -19.18M | 26.94M | 124.55M | 90.99M | 21.65M | 13.52M | 24.6M | -20.2M | 34.94M | -18.54M | 45.7M | 62.82M | -3.1M | 16.41M |
| Depreciation & Amortization | 0 | 184K | 178K | 251K | 167K | 313K | 175K | 175K | 340K | 381K | 884K | 936K | 926K | 1.05M | 1.01M | 938K | 987K | 990K | 972K | 945K |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 198.99M | 319.97M | -75.07M | -55.36M | -59.48M | -76.98M | 51.4M | -21.33M | -145.37M | -116.89M | 8.32M | 1.13M | -2.67M | 39.13M | -23.95M | 43.27M | -43.94M | -58.52M | 13.3M | -13.9M |
| Working Capital Changes | -104.61M | -12.74M | -131.82M | 34.88M | -35.99M | -6.85M | -10.46M | -30.61M | 41.42M | 32.87M | -4.24M | 1.33M | 25.95M | -83.73M | 78.86M | -20.62M | -34.7M | -13.67M | 12.71M | 12.53M |
| Change in Receivables | -22.76M | -33.93M | -178.35M | 12.87M | -44.53M | -38.91M | -29.02M | -22.29M | -17.71M | -6.66M | -22.92M | 12M | 25.02M | -73.76M | 54.37M | -12.58M | -46.41M | -13.38M | 567K | 14.21M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -72.89M | 27.38M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -190.34M | -352M | -126.83M | -60.5M | -323.67M | -185.26M | -131.13M | 255.15M | -69.94M | -573.62M | -730.77M | -239.68M | -448.73M | -338.24M | 1.68M | -160.06M | -95.49M | -315.17M | -189.62M | -103.61M |
| Capital Expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CapEx % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 4.33B | 4.19B | 4.14B | 4.08B | 3.99B | 3.61B | 3.35B | 3.37B | 3.26B | 2.97B | 2.56B | 2.3B | 2.25B | 1.87B | 1.92B | 1.94B | 1.87B | 1.76B | 1.47B | 1.49B |
| Other Investing | 108.85M | -245.99M | -20.86M | -301.67M | -75.95M | 9.99B | -9.8B | 127.73M | -58.29M | -287.53M | -239.09M | -211.18M | -116.27M | -348.77M | 8.75M | -106.88M | -18.48M | -69.15M | -171.16M | -27.41M |
| Cash from Financing | 174.35M | -75.3M | 463.51M | 1.09M | 294.27M | 288.99M | 6.48M | -146.32M | 51.26M | 471.82M | 721.91M | 210.33M | 388.15M | 279.75M | -98.54M | 304.04M | 31.53M | 135.83M | -4.86M | 443.97M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | 41.17M | 67.29M | 73.26M | 46.61M | 23.81M | 97.71M | 51.63M | 30.39M | 27.36M | 107.42M | 334.34M | 23.26M | 61.87M | 49.03M | 27.96M | 50.01M | 49.14M | 48.77M | -140K |
| Dividends Paid | -56.82M | -54.15M | -53.18M | -52.05M | -50.4M | -50.09M | -48.9M | -48.19M | -45.09M | -44.7M | -42.96M | -36.99M | -35.14M | -33.89M | -33.38M | -33.12M | -31.81M | -30.16M | -27.84M | -27.82M |
| Share Repurchases | 0 | -8.39M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -26.41M | 14.47M | -17.82M | -35.52M | -23.16M | 54.16M | -40.72M | -33.03M | 35.72M | -107.27M | 93.19M | -2.3M | -1.82M | -5.24M | -5.59M | -7.85M | -6.09M | -450.08M | -2.04M | -18.24M |
| Net Change in Cash | 6.28M | -173.46M | 214.88M | 20.16M | -66.51M | 91.52M | -102.71M | 84.02M | 2.25M | -94.45M | 17.75M | -12.43M | -11.77M | -122.24M | -5.99M | 149.03M | -95.91M | -187.72M | -170.59M | 356.35M |
| Free Cash Flow | 21.82M | 253.83M | -121.81M | 79.57M | -37.12M | -12.2M | 21.94M | -24.82M | 20.93M | 7.35M | 26.61M | 16.92M | 48.8M | -63.74M | 90.86M | 5.05M | -31.94M | -8.38M | 23.88M | 15.99M |
| FCF Margin % | 17.56% | 221.09% | -53.51% | 32.7% | -20.07% | -6.52% | 37.47% | -20.44% | 7.92% | 3.67% | 28.74% | 22.1% | 53.33% | -205.19% | 100.18% | 11.69% | -30.12% | -7.57% | 57.31% | 19.7% |
| FCF Growth % | 158.78% | 2180.07% | -655.15% | 420.63% | -277.35% | -266.05% | -17.56% | -246.66% | -57.11% | 111.53% | -70.71% | 234.89% | 252.78% | -660.95% | 280.52% | -68.39% | -75.71% | -139.11% | 94.63% | -42.78% |
| FCF per Share | 0.17 | 2.01 | -0.87 | 0.58 | -0.27 | -0.09 | 0.19 | -0.22 | 0.16 | 0.06 | 0.24 | 0.17 | 0.52 | -0.71 | 1.00 | 0.06 | -0.36 | -0.09 | 0.30 | 0.20 |
| FCF Conversion (FCF/Net Income) | -0.30x | -4.72x | -1.46x | 0.81x | -0.66x | -0.17x | -1.12x | -0.94x | 0.17x | 0.08x | 1.24x | 1.25x | 2.02x | 3.20x | 2.63x | -0.27x | -0.70x | -0.13x | -8.41x | 1.00x |
| Interest Paid | 0 | 41.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |