Ameresco, Inc. (AMRC)

Ameresco Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	47.9	56.68	53.94	63.9	98.55	80.19
Depreciation & Amortization	109.59	104.27	89.21	65.91	54.28	46.58
Stock-Based Compensation	15.75	14.42	14.13	10.32	15.05	8.72
Other Adjustments	-28.13	-36.76	-46.3	-24.91	8.46	0.23
Change in Receivables	-91.47	-80.4	-270.15	-203.39	-251.31	-278.56
Changes in Inventories	-0.17	-1.05	2.08	0.58	-5.41	-0.23
Changes in Accounts Payable	214.72	132.49	143.78	53.24	36.16	83.47
Changes in Other Operating Activities	-276.22	-270	130.91	-35.64	-294.06	-112.68
Operating Cash Flow	-16.66	-80.36	117.6	-69.99	-338.29	-172.3
Capital Expenditures	-338.7	-356	-438.35	-551.77	-327.9	-183.78
Purchases of Investments	-27.66	-27.82	-11.76	-5.43	-	-9
Proceeds from Sale of Investments	96.98	132.37	13.09	-	-	1.67
Payments for Business Acquisitions	-0.62	-4.6	-	-9.18	-	-14.93
Proceeds from Business Divestments	-	-	54.25	-	-	-
Other Investing Activities	-	-	-3.87	-0.57	-0.46	0.77
Investing Cash Flow	-234.61	-256.04	-386.64	-566.94	-328.36	-205.26
Short-Term Debt Issued	-	-	-	-	137.9	-8.07
Short-Term Debt Repaid	31	15	-4.9	-43	-	-
Net Short-Term Debt Issued (Repaid)	31	15	-4.9	-43	137.9	-8.07
Long-Term Debt Issued	667.89	652.56	743.53	843.5	468.48	185.99
Long-Term Debt Repaid	-485.34	-435.53	-551.42	-303.06	-161.86	-98.2
Net Long-Term Debt Issued (Repaid)	182.55	217.03	192.11	540.44	306.62	87.79
Issuance of Common Stock	2.94	2.91	2.76	4.46	5.96	127.01
Net Common Stock Issued (Repurchased)	2.94	2.91	2.76	4.46	5.96	127.01
Other Financing Activities	78.16	88.16	123.97	138.91	279.75	158.73
Financing Cash Flow	337.06	323.1	313.94	640.8	730.23	365.46
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-0.11	1.44	-0.2	-0.08	-0.75	0.31
Net Cash Flow	85.68	-11.86	44.7	3.79	62.83	-11.78
Free Cash Flow	-355.36	-436.36	-320.75	-621.76	-666.19	-356.07
FCF Margin	-17.94%	-22.58%	-18.12%	-45.23%	-36.52%	-29.29%
Free Cash Flow Per Share	-6.67	-8.19	-6.04	-11.68	-12.50	-6.81
Levered Free Cash Flow	-45.74	-113.98	171.6	92.23	2.51	-16.46
Unlevered Free Cash Flow	-110.58	-235.08	100.46	-330.39	-412.97	-68.71

Updated May 5, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q