Ormat Technologies Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	126.99	131.24	133.14	77.8	76.08
Depreciation & Amortization	292.12	262.86	224.8	198.79	182.97
Stock-Based Compensation	19.39	20.2	15.48	11.65	9.17
Other Adjustments	-42.06	-1.89	-19.52	14.72	-5.02
Change in Receivables	4.47	27.17	-97.64	-19.93	26.74
Changes in Inventories	-7.18	6.95	-22.21	5.61	4.13
Changes in Accounts Payable	-1.78	11.43	68.59	-2.05	-21.94
Changes in Unearned Revenue	-11.32	5.33	9.88	-0.46	-1.93
Changes in Other Operating Activities	-45.54	-52.36	-3.12	-5.16	-11.37
Operating Cash Flow	335.1	410.92	309.4	280.97	258.82
Operating Cash Flow Growth	-18.45%	32.81%	10.12%	8.56%	-2.33%
Capital Expenditures	-619.78	-487.68	-618.38	-563.48	-419.27
Purchases of Investments	-17.8	-18.97	-10.18	-23.7	-66.47
Proceeds from Sale of Investments	-	-	-	62	16.27
Payments for Business Acquisitions	-88.65	-274.63	-	-	-171
Other Investing Activities	-0.21	1.02	0.22	1.77	2.28
Investing Cash Flow	-726.44	-780.25	-628.34	-523.41	-638.19
Short-Term Debt Issued	1,974	185.5	154.97	5.44	-
Short-Term Debt Repaid	-1,894	-205.5	-35	-219.13	-
Net Short-Term Debt Issued (Repaid)	80	-20	119.97	-213.68	-
Long-Term Debt Issued	548.5	558.67	149.84	554.96	275
Long-Term Debt Repaid	-265.46	-209.28	-207.04	-185.16	-93.05
Net Long-Term Debt Issued (Repaid)	283.04	349.39	-57.2	369.79	181.95
Issuance of Common Stock	-	-	341.99	0.04	0.31
Repurchase of Common Stock	-	-	-	-17.96	-
Net Common Stock Issued (Repurchased)	-	-	341.99	-17.93	0.31
Common Dividends Paid	-29.07	-29.11	-28.41	-27.14	-26.99
Other Financing Activities	131.78	-12.37	3.62	15.23	31.11
Financing Cash Flow	465.75	287.92	379.96	126.27	186.39
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0.68	-0.58	0.07	-0.61	-0.35
Net Cash Flow	75.09	-82	61.09	-116.77	-193.33
Free Cash Flow	-284.68	-76.76	-308.98	-282.5	-160.45
FCF Margin	-28.77%	-8.73%	-37.25%	-38.48%	-24.20%
Free Cash Flow Per Share	-4.64	-1.26	-5.17	-5.00	-2.84
Levered Free Cash Flow	93.47	199.65	-153.27	-144.78	-23.36
Unlevered Free Cash Flow	-217.19	-73.73	-181.02	-238.28	-140.33

Updated Dec 31, 2025. Data Source: Fiscal.ai. Utilities template. Financial Sources.