Ormat Technologies, Inc. (ORA) 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 | 78.58M | 105.04M | 45.15M | 96.9M | 88.01M | 158.62M | 106.4M | 30.7M | 115.21M | 139.15M | 39.75M | 74.05M | 56.46M | 74.73M | 90.96M | 33.51M | 81.78M | 114.03M | 45.95M | 29.92M |
| Operating CF Growth % | -10.72% | -33.78% | -57.56% | 215.68% | -23.61% | 14% | 167.66% | -58.55% | 104.07% | 86.2% | -56.3% | 120.95% | -30.96% | -34.47% | 97.96% | 12.01% | 18.65% | 336.65% | -45.65% | -59.89% |
| Operating CF / Revenue % | 19.45% | 38.05% | 18.08% | 41.41% | 38.3% | 68.74% | 50.24% | 14.41% | 51.39% | 57.66% | 19.11% | 38.01% | 30.48% | 36.37% | 51.71% | 19.82% | 44.51% | 59.71% | 28.93% | 20.37% |
| Net Income | 44.07M | 33.05M | 24.71M | 28.2M | 41.03M | 42.63M | 24.3M | 23.96M | 40.35M | 38.83M | 36.33M | 24.51M | 33.46M | 20.23M | 19.83M | 14.95M | 22.79M | 22.27M | 20.78M | 15.2M |
| Depreciation & Amortization | 78.59M | 220.63M | 74.98M | 70.03M | 69.78M | 70.05M | 66.66M | 63.8M | 62.35M | 59.89M | 57.49M | 54.26M | 53.16M | 51.33M | 50.45M | 48.9M | 48.11M | 48.6M | 48.83M | 43.44M |
| Deferred Taxes | -20.42M | -26.08M | -14.64M | -11.3M | -15.86M | 36.53M | -19.84M | -18.21M | -17.73M | 22.88M | -20M | -23.12M | -7.12M | -17.73M | -4.61M | -7.46M | -1.49M | 9.23M | -8.34M | -9.24M |
| Other Non-Cash Items | 3.66M | -114.3M | 3.38M | -7.76M | 1.21M | 8.54M | 2.4M | 4.18M | 2.23M | 1.9M | 4.22M | -289K | 2.02M | 32.53M | 1.4M | 8.96M | 3.14M | 4.64M | -158K | -902K |
| Working Capital Changes | -27.32M | -13.17M | -48.22M | 13.11M | -13.07M | -4.44M | 27.83M | -48.12M | 23.24M | 11.4M | -42.22M | 14.38M | -28.05M | -14.65M | 21.08M | -34.83M | 6.42M | 26.95M | -17.28M | -21.2M |
| Capital Expenditures | -113.79M | -145.08M | -147.27M | -224.48M | -192.6M | -127.74M | -109.72M | -146.84M | -377.83M | -169.59M | -182.08M | -159.84M | -106.88M | -155.1M | -144.94M | -126.19M | -137.25M | -130.85M | -255.43M | -119.99M |
| CapEx / Revenue % | 28.17% | 224.53% | 58.97% | 95.92% | 83.83% | 55.36% | 51.81% | 68.95% | 168.55% | 70.27% | 87.51% | 82.05% | 57.7% | 75.48% | 82.41% | 74.64% | 74.71% | 68.51% | 160.81% | 81.68% |
| CapEx / D&A | 1.45x | 2.81x | 1.96x | 3.21x | 2.76x | 1.82x | 1.65x | 2.30x | 6.06x | 2.83x | 3.17x | 2.95x | 2.01x | 3.02x | 2.87x | 2.58x | 2.85x | 2.69x | 5.23x | 2.76x |
| CapEx Coverage (OCF/CapEx) | 0.69x | 0.17x | 0.31x | 0.43x | 0.46x | 1.24x | 0.97x | 0.21x | 0.30x | 0.82x | 0.22x | 0.46x | 0.53x | 0.48x | 0.63x | 0.27x | 0.60x | 0.87x | 0.18x | 0.25x |
| Cash from Investing | -121.44M | -147.08M | -151.46M | -224.48M | -207.95M | -135.14M | -120.15M | -147.13M | -377.83M | -170.18M | -183.22M | -163.76M | -111.18M | -153.83M | -144.54M | -85.7M | -139.33M | -128.25M | -255.43M | -137.04M |
| Acquisitions | -75.23M | -103.95M | -4.09M | -89.65M | -15.3M | 9.8M | -10.39M | -618K | -275.24M | -581K | -1.5M | -3.87M | -4.24M | 0 | -156K | -2.2M | -2.16M | -193K | -175.2M | 0 |
| Purchase of Investments | -25.5M | 0 | 1K | 0 | 0 | -17.15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -19.19M | -10.75M | -1.7M | -19.87M |
| Sale of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 221K | 0 | 0 | 0 | 1.17M | 0 | 42.71M | 19.29M | 15.9M | 1.92M | 1.65M |
| Other Investing | 93.08M | 576.64M | -105K | -3K | -50K | -49K | -47K | 329K | 791K | -225K | 353K | -63K | -65K | 98K | 554K | -25K | -27K | -2.35M | 89K | 1.17M |
| Cash from Financing | 525.6M | 117.11M | 106.24M | 108.08M | 138.85M | 5.89M | 26.84M | -18.75M | 273.94M | 132.4M | -65.52M | -37.29M | 350.38M | 52.67M | -49.41M | 167.73M | -44.72M | 1.37M | 235.99M | -28.17M |
| Dividends Paid | -7.51M | -7.24M | -7.28M | -7.28M | -7.27M | -7.26M | -7.26M | -7.34M | -7.24M | -7.22M | -7.23M | -7.23M | -6.73M | -6.97M | -6.72M | -6.73M | -6.73M | -7.1M | -6.72M | -6.45M |
| Dividend Payout Ratio % | 17.03% | 23.1% | 30.14% | 25.96% | 18.02% | 17.79% | 32.88% | 33.02% | 18.77% | 20.22% | 20.39% | 29.88% | 23.19% | 38.61% | 37.1% | 59.78% | 36.5% | 37.58% | 45.07% | 49.5% |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | -1000K | -1000K | 1000K | 1000K | -1000K | 1000K | -1000K | -1000K | 1000K | -1000K |
| Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 1K | 0 | 0 | 0 | 8K | 44.54M | 297.12M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -24.39M | 0 | 0 | 0 | 0 | -150K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -17.96M | 0 | 0 | 0 | 0 |
| Other Financing | 46.41M | 42.16M | 104.64M | -1.45M | 4.65M | -13.51M | -3.65M | -1.7M | 8.02M | 36.21M | -31.99M | -1.85M | 3.53M | 49.52M | -2.54M | -25.18M | 1.89M | 38.4M | -4.04M | -1.02M |
| Net Change in Cash | 482.08M | 75.13M | -327K | -18.64M | 18.93M | 29M | 13.03M | -135.22M | 11.19M | 101.5M | -209.12M | -126.94M | 295.65M | -26.36M | -103.35M | 115.25M | -102.31M | -12.86M | 26.42M | -135.2M |
| Exchange Rate Effect | -666K | 62K | -261K | 862K | 19K | -369K | -47K | -35K | -128K | 139K | -123K | 70K | -14K | 70K | -352K | -293K | -34K | -12K | -79K | 85K |
| Cash at Beginning | 280.87M | 205.74M | 206.06M | 224.71M | 205.77M | 176.78M | 163.74M | 298.96M | 287.77M | 186.27M | 395.38M | 522.32M | 226.68M | 253.03M | 356.38M | 241.13M | 343.44M | 356.3M | 329.88M | 465.08M |
| Cash at End | 762.94M | 280.87M | 205.74M | 206.06M | 224.71M | 205.77M | 176.78M | 163.74M | 298.96M | 287.77M | 186.27M | 395.38M | 522.32M | 226.68M | 253.03M | 356.38M | 241.13M | 343.44M | 356.3M | 329.88M |
| Free Cash Flow | -35.21M | -40.04M | -102.11M | -127.58M | -104.59M | 30.88M | -3.32M | -116.14M | -262.63M | -30.45M | -142.33M | -85.79M | -50.42M | -80.37M | -53.98M | -92.68M | -55.47M | -16.82M | -209.49M | -90.07M |
| FCF Growth % | 66.34% | -229.66% | -2975.69% | -9.85% | 60.17% | 201.43% | 97.67% | -35.39% | -420.86% | 62.12% | -163.66% | 7.44% | 9.1% | -377.89% | 74.23% | -2.89% | -192.38% | 73.24% | -324% | -2521.94% |
| FCF Margin % | -8.72% | -14.51% | -40.89% | -54.52% | -45.52% | 13.38% | -1.57% | -54.54% | -117.16% | -12.62% | -68.41% | -44.04% | -27.22% | -39.11% | -30.69% | -54.81% | -30.19% | -8.81% | -131.88% | -61.31% |
| FCF / Net Income % | -79.89% | -127.72% | -423.06% | -454.9% | -259.13% | 75.65% | -15.03% | -522.16% | -680.6% | -85.22% | -401.45% | -354.62% | -173.69% | -445.49% | -298.08% | -823.08% | -300.98% | -88.96% | -1405.76% | -691.48% |