HA Sustainable Infrastructure Capital, Inc. (HASI)

HASI Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest and Dividend Income	282.78	227.05	152.56	116.58	95.56	76.2
Total Interest Expense	231.4	171.01	115.56	121.71	92.18	64.24
Net Interest Income	51.39	56.05	37	-5.12	3.38	11.96
Commissions and Fees	-	-	-	-	15.58	15.07
Gain (Loss) on Sale of Loans & Receivables	77.81	68.64	57.19	68.33	49.89	24.42
Other Revenue	8.29	24.18	29.99	28.25	25.88	25.88
Revenue Before Loan Losses	137.48	148.86	124.18	91.46	94.73	77.34
Provision for Loan Losses	-1.59	11.83	12.8	0.5	10.1	8.03
Revenue	139.08	137.03	111.38	90.97	84.63	69.31
Revenue Growth (YoY)	14.37%	23.03%	22.44%	7.49%	22.10%	10.86%
Salaries & Employee Benefits	74.53	64.34	63.45	52.98	37.77	28.78
Cost of Services Provided	30.46	31.28	29.93	19.91	14.85	14.69
Total Operating Expenses	104.99	95.63	93.38	72.88	52.61	43.47
Operating Income	34.09	41.4	18	18.08	32.02	25.84
Earnings From Equity Investments	275.56	140.97	31.29	126.42	47.96	64.17
EBT Excluding Unusual Items	309.66	182.38	49.29	144.5	79.98	90.02
Pretax Income	309.66	182.38	49.29	144.5	79.98	90.02
Income Tax Expense	86.35	31.62	7.38	17.16	-2.78	8.1
Earnings From Continuing Ops.	223.31	150.76	41.91	127.35	82.76	81.92
Minority Interest in Earnings	-3.6	-1.92	-0.41	-0.77	-0.34	-0.36
Net Income	219.71	148.84	41.5	126.58	82.42	81.56
Preferred Dividends & Other Adjustments	1.3	1	0.7	0.9	0.9	1.4
Net Income to Common	218.41	147.84	40.8	125.68	81.52	80.16
Net Income Growth	461.26%	258.62%	-67.21%	53.59%	1.04%	96.18%
Shares Outstanding (Basic)	114	102	88	80	72	64
Shares Outstanding (Diluted)	131	109	91	88	74	65
Shares Change (YoY)	32.08%	20.81%	3.35%	17.88%	14.82%	22.72%
EPS (Basic)	1.92	1.45	0.47	1.57	1.13	1.25
EPS (Diluted)	1.82	1.42	0.47	1.51	1.10	1.24
EPS Growth	358.98%	204.61%	-69.07%	36.72%	-11.06%	65.09%
Free Cash Flow	25.4	99.69	0.23	13.31	73.28	29.49
Free Cash Flow Per Share	0.19	0.91	0.00	0.15	0.99	0.46
Dividend Per Share	1.640	1.580	1.500	1.400	1.360	1.340
Dividend Growth	5.13%	5.33%	7.14%	2.94%	1.49%	1.52%
Operating Margin	24.51%	30.22%	16.16%	19.88%	37.83%	37.28%
Profit Margin	157.04%	107.89%	36.63%	138.16%	96.32%	115.66%
Free Cash Flow Margin	18.27%	72.75%	0.21%	14.63%	86.59%	42.54%
Effective Tax Rate	27.89%	17.34%	14.97%	11.87%	-	8.99%
Revenue as Reported	368.88	319.87	239.74	213.17	186.91	141.58

Source: S&P Capital IQ. Financial Services template. Financial Sources.