Ormat Technologies, Inc. engages in the geothermal and recovered energy power business worldwide. The Company operates in two segments, Electricity and Product. The Electricity segment develops, builds, owns, and operates geothermal and recovered energy-based power plants; and sells electricity. The Product segment designs, manufactures, and sells equipment for geothermal and recovered energy-based electricity generation, including fossil fuel powered turbo-generators and heavy duty direct-current generators. It also provides services relating to the engineering, procurement, construction, operation, and maintenance of geothermal and recovered energy-based power plants. This segment serves contractors; and owners and operators of geothermal power plants, interstate natural gas pipelines, gas processing plants, and cement plants, as well as companies in other energy-intensive industrial processes. Ormat Technologies, Inc. is a subsidiary of Ormat Industries Ltd.

Ormat Technologies was founded in 1965 and is headquartered in Reno, US

Ormat Technologies has an office in Reno

Reno, US (HQ)

6225 Neil Rd

Ormat Technologies's revenue was reported to be $190 b in Q1, 2017

USD

## Revenue (Q1, 2017) | 190 b |

## Gross profit (Q1, 2017) | 75 b |

## Gross profit margin (Q1, 2017), % | 39% |

## Net income (Q1, 2017) | 39.7 b |

## EBIT (Q1, 2017) | 59.5 b |

## Market capitalization (15-Aug-2017) | 2.9 b |

## Cash (31-Mar-2017) | 174.1 m |

Ormat Technologies's current market capitalization is $2.9 b.

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 533.2 m | 559.5 m | 594.6 m | 662.6 m |

## Revenue growth, % | 5% | 6% | 11% | |

## Cost of goods sold | 373.4 m | 355.8 m | 376.4 m | 391.8 m |

## Gross profit | 159.8 m | 203.8 m | 218.3 m | 270.8 m |

## Gross profit Margin, % | 30% | 36% | 37% | 41% |

## R&D expense | 2.8 m | |||

## General and administrative expense | 46.7 m | |||

## Operating expense total | 49.5 m | |||

## EBIT | 97 m | 143.5 m | 164.1 m | 201.9 m |

## EBIT margin, % | 18% | 26% | 28% | 30% |

## Interest expense | 73.8 m | 84.7 m | 72.6 m | 67.4 m |

## Interest income | 1.3 m | 312 k | 297 k | 971 k |

## Income tax expense | (13.6 m) | (27.6 m) | 15.3 m | (31.8 m) |

## Net Income | 42 m | 55 m | 123.3 m | 101.5 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 127.6 m | 140.2 m | 120.2 m | 140.5 m | 162.9 m | 151.6 m | 160 b | 185 b | 190 b |

## Cost of goods sold | 87.6 m | 84.8 m | 76.2 m | 89.7 m | 103.5 m | 87.7 m | 94.1 b | 110 b | 115 b |

## Gross profit | 40 m | 55.5 m | 44 m | 50.8 m | 59.3 m | 63.9 m | 65.9 b | 75 b | 75 b |

## Gross profit Margin, % | 31% | 40% | 37% | 36% | 36% | 42% | 41% | 41% | 39% |

## R&D expense | 232 k | 250 k | 363 k | 414 k | 335 k | 349 k | 595 m | 1.1 b | 602 m |

## General and administrative expense | 6.1 m | 7.2 m | 10.2 m | 7.4 m | 8 m | 8.7 m | 8.8 b | 19.1 b | 9.9 b |

## Operating expense total | 6.3 m | 7.4 m | 10.6 m | 7.9 m | 8.3 m | 9.1 m | 9.4 b | 20.2 b | 10.6 b |

## EBIT | 22.3 m | 43.8 m | 29.9 m | 38.6 m | 46.5 m | 50.5 m | 51.9 b | 48.2 b | 59.5 b |

## EBIT margin, % | 17% | 31% | 25% | 28% | 29% | 33% | 32% | 26% | 31% |

## Interest expense | (22.1 m) | (22.5 m) | (17.8 m) | (18.9 m) | (17.7 m) | (16 m) | (18.4 b) | (17.1 b) | (14.9 b) |

## Interest income | 90 k | 35 k | 9 k | 44 k | 53 k | 320 k | 245 m | 266 m | 244 m |

## Income tax expense | (5 m) | (6.4 m) | (5.5 m) | (6.1 m) | 38.2 m | (9.5 m) | (7.9 b) | (12 b) | (10.9 b) |

## Net Income | 9.3 m | 16.8 m | 10.3 m | 15.3 m | 73.7 m | 30.9 m | 24.9 b | 14.4 b | 39.7 b |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 57.4 m | 40.2 m | 185.9 m | 230.2 m |

## Inventories | 22.3 m | 16.9 m | 18.1 m | 12 m |

## Current Assets | 289.3 m | 273.9 m | 375.1 m | 472.8 m |

## PP&E | 1.5 b | 1.4 b | 1.6 b | 1.6 b |

## Goodwill | 6.7 m | |||

## Total Assets | 2.2 b | 2.1 b | 2.3 b | 2.5 b |

## Accounts Payable | 98 m | 88.3 m | 92 m | 80.8 m |

## Current Liabilities | 186.3 m | 205.8 m | 188.5 m | 189.3 m |

## Total Liabilities | 1.3 b | |||

## Additional Paid-in Capital | 735.3 m | 742 m | 849.2 m | 869.5 m |

## Retained Earnings | (3.1 m) | 41.5 m | 148.4 m | 216.6 m |

## Total Equity | 745.1 m | 786.7 m | 1.1 b | 1.2 b |

## Financial Leverage | 2.9 x | 2.7 x | 2.1 x | 2.1 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 80.1 m | 42.5 m | 70.7 m | 137.7 m | 171.5 m | 148.5 m | 192.6 m | 90.1 m | 174.1 m |

## Inventories | 18.3 m | 17.3 m | 17.3 m | 16.4 m | 16.6 m | 16.8 m | 16.7 m | 13 m | 17.8 m |

## Current Assets | 306.8 m | 327.4 m | 307.1 m | 369.5 m | 370.7 m | 379.6 m | 380.2 m | 309.4 m | 428.7 m |

## PP&E | 1.5 b | 1.5 b | 1.5 b | 1.5 b | 1.6 b | 1.6 b | 1.6 b | 1.6 b | 1.5 b |

## Goodwill | 7.1 m | 19.7 m | |||||||

## Total Assets | 2.1 b | 2.2 b | 2.2 b | 2.3 b | 2.3 b | 2.3 b | 2.3 b | 2.3 b | 2.5 b |

## Accounts Payable | 78.8 m | 75.2 m | 56.3 m | 58.1 m | 52.3 m | 76.5 m | 59 m | 65.2 m | 68.9 m |

## Current Liabilities | 226 m | 197 m | 244.9 m | 217.4 m | 180.7 m | 185 m | 193.1 m | 201.9 m | 207.5 m |

## Additional Paid-in Capital | 738.8 m | 740.7 m | 771.6 m | 845.2 m | 847 m | 854.3 m | 856.8 m | 859.9 m | 871.2 m |

## Retained Earnings | 22.6 m | 36.8 m | 47.7 m | 59.2 m | 128.4 m | 162.2 m | 183 m | 191.6 m | 243.5 m |

## Total Equity | 770.6 m | 783.5 m | 819.2 m | 993.8 m | 1.1 b | 1.1 b | 1.1 b | 1.1 b | 1.2 b |

## Financial Leverage | 2.8 x | 2.8 x | 2.7 x | 2.3 x | 2.2 x | 2.1 x | 2 x | 2 x | 2.1 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 55 m | 123.3 m | 101.5 m | |

## Depreciation and Amortization | 100.8 m | 107.2 m | 106 m | |

## Inventories | 5.4 m | (1.1 m) | 6.3 m | |

## Accounts Payable | (9.6 m) | (339 k) | (1.4 m) | |

## Cash From Operating Activities | (9.3 m) | 213.2 m | 190 m | 159.3 m |

## Capital Expenditures | (151.2 m) | (152.5 m) | (151.9 m) | |

## Cash From Investing Activities | (129.2 m) | (91 m) | (158.5 m) | |

## Long-term Borrowings | (111.2 m) | (71.7 m) | (62.1 m) | |

## Dividends Paid | (9.6 m) | (12.7 m) | (25.7 m) | |

## Cash From Financing Activities | (101.2 m) | 46.6 m | 43.5 m | |

## Free Cash Flow | 364.4 m | 342.5 m | 7.4 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 9.3 m | 16.8 m | 10.3 m | 15.3 m | 73.7 m | 30.9 m | 24.9 b | 14.4 b | 39.7 b |

## Inventories | 18.3 m | 17.3 m | 17.3 m | 16.4 m | 16.6 m | 16.8 m | 16.7 m | 13 m | 17.8 m |

## Accounts Payable | 79.8 m | 78.4 m | 83.7 m | 98.5 m | 85.2 m | 82.5 m | 87.5 m | 102.9 m | 95.5 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 161 m |

## Financial Leverage | 2.1 x |