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U.S. Geothermal

Energy & Utilitiesclean energyelectricityrenewables
Geothermal energy (geo meaning "earth" and thermal meaning "heat") is energy recovered from the heat of the earth's interior. Geothermal heat can appear in the form of volcanoes, hot springs and geysers. The high temperatures in the earth's interior are a result of heat trapped during the formation of the planet, as well as the decay of naturally occurring radioactive elements. Temperatures below the surface can reach 4,200° C, decreasing to 650 - 1200° at depths of 80km-100km. Through the deep circulation of groundwater and the intrusion of molten magma into the earth's crust at depths of only 1km-5km, the heat is brought closer to the earth's surface. The molten rock then heats the surrounding groundwater, which is forced to the surface in certain areas in the form of steam or hot water (i.e. hot springs, geysers). The heat energy close to or at the earth's surface can be utilized as a source of energy.
Company Growth (employees)
Type
Private
HQ
Boise, US
Founded
2003
Size (employees)
45 (est)
Website
usgeothermal.com
U.S. Geothermal was founded in 2003 and is headquartered in Boise, US

Key People at U.S. Geothermal

Doug Glaspey

Doug Glaspey

COO
John Walker

John Walker

Chairman

U.S. Geothermal Office Locations

U.S. Geothermal has an office in Boise
Boise, US (HQ)
390 E Parkcenter Blvd, Ste 250

U.S. Geothermal Data and Metrics

Summary Metrics

Founding Date

2003

Total Funding

$33 m

Latest funding size

$3 m

Time since last funding

over 6 years

Investors

Craton Equity Partners, Medley Partners
U.S. Geothermal's latest funding round in February 2011 was reported to be $3 m. In total, U.S. Geothermal has raised $33 m

U.S. Geothermal Financial Metrics

USD

Net income (Q1, 2017)

1.1 m

EBIT (Q1, 2017)

2.4 m

Cash (31-Mar-2017)

13.1 m
USDFY, 2016

R&D expense

39.1 k

Operating expense total

39.1 k

EBIT

8.7 m

Interest expense

4.4 m

Pre tax profit

4.2 m

Income tax expense

(575 k)

Net Income

3.6 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

R&D expense

3.8 k28.2 k

Operating expense total

3.8 k28.2 k

EBIT

3.1 m268.8 k1.6 m2.2 m345 k1.5 m2.4 m

Interest expense

1 m1.1 m949.4 k978.7 k927.7 k933.7 k1 m1.2 m1.2 m

Pre tax profit

2.2 m765.1 k1.3 m1.3 m

Income tax expense

266 k(444 k)(141 k)170 k(90 k)

Net Income

1.2 m1.9 m1.8 m1.2 m1.8 m1.2 m799.1 k1.1 m1.1 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

28.7 m13 m8.7 m15.3 m

Accounts Receivable

4.1 m3.8 m3.8 m

Current Assets

37 m23.4 m18.8 m29.6 m

PP&E

167.7 m170.3 m

Total Assets

232.8 m232.9 m228.2 m243.4 m

Accounts Payable

2.3 m

Current Liabilities

5.8 m6.2 m8.7 m6.5 m

Non-Current Liabilities

99.2 m95.8 m91.1 m105.4 m

Total Liabilities

105.1 m102 m99.8 m111.9 m

Additional Paid-in Capital

100.4 m103.7 m118.1 m121.9 m

Retained Earnings

(30.9 m)(19.3 m)(17.4 m)(17 m)

Total Equity

127.7 m130.9 m128.4 m131.6 m

Financial Leverage

1.8 x1.8 x1.8 x1.9 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

11.6 m10.7 m13.3 m12.8 m11.2 m7.4 m18.3 m13.1 m13.1 m

Current Assets

18.8 m16.8 m23.2 m23.5 m20.6 m15.7 m29.5 m25.7 m29 m

PP&E

169.6 m

Total Assets

220.9 m219.2 m230.5 m230.8 m228.1 m224.7 m243.4 m240.1 m240.5 m

Accounts Payable

1.2 m1.3 m1.3 m2 m1.7 m2.4 m2 m1.5 m2.2 m

Current Liabilities

5.4 m5.6 m5.6 m6.4 m6.1 m6.6 m6.5 m5.8 m6.1 m

Non-Current Liabilities

98.7 m96.2 m93.9 m93.7 m91.7 m89.5 m107.2 m105.6 m103.5 m

Additional Paid-in Capital

101.6 m103.1 m104 m104.4 m104.7 m119.7 m121 m121.5 m122.4 m

Retained Earnings

(30.7 m)(30.6 m)(18.6 m)(18.8 m)(18.5 m)(17.3 m)(17.8 m)(17.9 m)(16.7 m)

Total Equity

116.8 m117.4 m130.9 m130.7 m130.2 m128.7 m129.6 m128.7 m130.9 m

Financial Leverage

1.9 x1.9 x1.8 x1.8 x1.8 x1.7 x1.9 x1.9 x1.8 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

4.1 m14.9 m5 m3.6 m

Depreciation and Amortization

6.5 m6.2 m6.3 m6.4 m

Accounts Receivable

(335.5 k)

Purchases of PP&E

(13.9 m)(3.7 m)(6.6 m)(9.4 m)

Interest Paid

7 m4.1 m3.8 m4.1 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

1.2 m1.9 m1.8 m1.2 m1.8 m1.2 m799.1 k1.1 m1.1 m

Depreciation and Amortization

3.2 m4.8 m1.6 m3.2 m4.8 m1.6 m3.2 m4.8 m1.7 m

Accounts Receivable

1.2 m1.4 m1.3 m1.4 m1.9 m1.5 m(367.8 k)

Purchases of PP&E

(1.2 m)(2.9 m)(1.5 m)(2.9 m)(4.5 m)(1.5 m)(2.4 m)(7.7 m)(1.3 m)

Interest Paid

2 m3.5 m1.4 m1.9 m3.3 m1.4 m1.9 m3.6 m1.9 m
Y, 2017

Financial Leverage

1.8 x

Market Position of U.S. Geothermal

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Traffic Overview of U.S. Geothermal

U.S. Geothermal Online and Social Media Presence

U.S. Geothermal Company Life and Culture

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