U.S. Geothermal

Energy & Utilities clean energy electricity geothermal renewables

U.S. Geothermal is a renewable energy company focused on the development, production, and sale of electricity from geothermal energy resources in the Western United States and the Republic of Guatemala. The Company constructs, owns, manages and operates power plants that utilize geothermal resources to produce renewable energy.

Company Growth (employees)

Type

Private

Boise, US

Founded

2003

Size (employees)

46 (est)

Website

usgeothermal.com

U.S. Geothermal was founded in 2003 and is headquartered in Boise, US

Key People/Management at U.S. Geothermal

Dennis Gilles

CEO

Doug Glaspey

COO

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 Financials 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 Financials

Summary

USD

Income Statement

Annual

USD	FY, 2016
R&D expense	39.1 k
Operating expense total	39.1 k
EBIT	8.7 m
Interest expense	4.4 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
R&D expense								3.8 k	28.2 k
Operating expense total								3.8 k	28.2 k
EBIT			3.1 m	268.8 k	1.6 m	2.2 m	345 k	1.5 m	2.4 m
Interest expense	1 m	1.1 m	949.4 k	978.7 k	927.7 k	933.7 k	1 m	1.2 m	1.2 m

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Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	28.7 m	13 m	8.7 m	15.3 m
Accounts Receivable		4.1 m	3.8 m	3.8 m
Current Assets	37 m	23.4 m	18.8 m	29.6 m
PP&E			167.7 m	170.3 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Cash	11.6 m	10.7 m	13.3 m	12.8 m	11.2 m	7.4 m	18.3 m	13.1 m	13.1 m
Current Assets	18.8 m	16.8 m	23.2 m	23.5 m	20.6 m	15.7 m	29.5 m	25.7 m	29 m
PP&E									169.6 m
Total Assets	220.9 m	219.2 m	230.5 m	230.8 m	228.1 m	224.7 m	243.4 m	240.1 m	240.5 m

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Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	4.1 m	14.9 m	5 m	3.6 m
Depreciation and Amortization	6.5 m	6.2 m	6.3 m	6.4 m
Accounts Receivable				(335.5 k)
Purchases of PP&E	(13.9 m)	(3.7 m)	(6.6 m)	(9.4 m)

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Net Income	1.2 m	1.9 m	1.8 m	1.2 m	1.8 m	1.2 m	799.1 k	1.1 m	1.1 m
Depreciation and Amortization	3.2 m	4.8 m	1.6 m	3.2 m	4.8 m	1.6 m	3.2 m	4.8 m	1.7 m
Accounts Receivable			1.2 m	1.4 m	1.3 m	1.4 m	1.9 m	1.5 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)