Ormat Technologies, Inc. (ORA)
NYSE: ORA · Real-Time Price · USD
93.24
+0.86 (0.93%)
At close: Nov 11, 2026, 4:00 PM EST
94.00
+0.76 (0.82%)
After-hours: Nov 11, 2026, 7:30 PM EST
Ormat Technologies Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 | 134.42 | 123.9 | 123.73 | 124.4 | 65.84 | 62.09 |
Depreciation & Amortization | 324.44 | 300.45 | 270.61 | 230.96 | 204.05 | 186.95 |
Loss (Gain) on Sale of Assets | -24.69 | -0.3 | 0.1 | 0.04 | -0.09 | - |
Loss (Gain) on Equity Investments | -0.25 | -0.96 | 0.43 | -0.04 | 3.07 | 2.62 |
Asset Writedown | 20.64 | 12.06 | 1.28 | - | 32.65 | - |
Stock-Based Compensation | 21.38 | 19.39 | 20.2 | 15.48 | 11.65 | 9.17 |
Change in Accounts Receivable | -66.8 | -44.67 | -10.48 | -99.6 | -26.64 | 41.59 |
Change in Inventory | 1.77 | -7.18 | 6.95 | -22.21 | 5.61 | 4.13 |
Change in Accounts Payable | 38.3 | -1.78 | 11.43 | 68.59 | -2.05 | -21.94 |
Change in Unearned Revenue | -23.67 | -11.32 | 5.33 | 9.88 | -0.46 | -1.93 |
Change in Other Net Operating Assets | -36.99 | 3.6 | -14.72 | -1.16 | 1.56 | -26.22 |
Other Operating Activities | -50.25 | -58.09 | -3.94 | -16.95 | -14.21 | 2.36 |
Operating Cash Flow | 333.96 | 335.1 | 410.92 | 309.4 | 280.97 | 258.82 |
Operating Cash Flow Growth | -14.08% | -18.45% | 32.81% | 10.12% | 8.56% | -2.33% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Capital Expenditures | -569.55 | -619.78 | -487.68 | -618.38 | -563.48 | -419.27 |
Cash Acquisitions | -78.28 | -88.65 | -274.63 | - | - | -171 |
Investment in Securities | -20 | -17.8 | -18.97 | -10.18 | 38.3 | -50.2 |
Other Investing Activities | -0.22 | -0.21 | 1.02 | 0.22 | 1.77 | 2.28 |
Investing Cash Flow | -574.92 | -726.44 | -780.25 | -628.34 | -523.41 | -638.19 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Short-Term Debt Issued | - | 1,974 | 185.5 | 154.97 | - | - |
Long-Term Debt Issued | - | 548.5 | 558.67 | 149.84 | 554.96 | 275 |
Total Debt Issued | 2,107 | 2,522 | 744.17 | 304.81 | 554.96 | 275 |
Short-Term Debt Repaid | - | -1,894 | -205.5 | -35 | - | - |
Long-Term Debt Repaid | - | -267.3 | -210.66 | -209 | -407.27 | -96.23 |
Total Debt Repaid | -1,581 | -2,161 | -416.16 | -244 | -407.27 | -96.23 |
Net Debt Issued (Repaid) | 526.1 | 361.2 | 328.01 | 60.81 | 147.69 | 178.77 |
Issuance of Common Stock | - | - | - | 341.99 | 0.04 | 0.31 |
Repurchase of Common Stock | -24.4 | - | - | - | -17.96 | - |
Common Dividends Paid | -29.34 | -29.07 | -29.11 | -28.41 | -27.14 | -26.99 |
Other Financing Activities | 75.98 | 133.62 | -10.98 | 5.59 | 23.66 | 34.29 |
Financing Cash Flow | 548.34 | 465.75 | 287.92 | 379.96 | 126.27 | 186.39 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | -0.98 | 0.68 | -0.58 | 0.07 | -0.61 | -0.35 |
Net Cash Flow | 306.4 | 75.09 | -82 | 61.09 | -116.77 | -193.33 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Free Cash Flow | -235.59 | -284.68 | -76.76 | -308.98 | -282.5 | -160.45 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | -19.41% | -28.77% | -8.73% | -37.25% | -38.48% | -24.20% |
Free Cash Flow Per Share | -3.78 | -4.64 | -1.26 | -5.17 | -5.00 | -2.85 |
Levered Free Cash Flow | -349.63 | -290.77 | -152.49 | -343.31 | -333.63 | -160.5 |
Unlevered Free Cash Flow | -244.54 | -202.11 | -68.72 | -281.51 | -278.79 | -108.83 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Cash Interest Paid | 111.7 | 111.7 | 102.61 | 72.24 | 69.13 | 66.63 |
Cash Income Tax Paid | 9.85 | 9.85 | 26.18 | 26.25 | 29 | 34.36 |
Change in Working Capital | -87.4 | -61.35 | -1.49 | -44.49 | -21.98 | -4.37 |