Cash flow Altus Power, Inc.

Equities

AMPS

US02217A1025

Electric Utilities

Real-time Estimate Cboe BZX Other stock markets 07:49:13 18/09/2024 pm IST			5-day change	1st Jan Change
3.355 ^USD	-1.61%		+1.96%	-50.59%

12/09	Sector Update: Energy Stocks Rise Late Afternoon	MT
12/09	Sector Update: Energy Stocks Rise in Thursday Afternoon Trading	MT

0b3d6bcb8c14ee97c67a.831wRGaA6LbxRtJLU7eG2nQHUMeF6dklnRwGX_C6tYs.vSwFcQTE2teGBeEAMo7SmDxyHIHB0bBHrHp2F8TXxOyBFDsHEbWN5aYrmw

Published financial data: ALTUS POWER, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues - (Utility Template)	37.43M	45.28M	71.8M	101M	155M
Total Revenues	37.43M	45.28M	71.8M	101M	155M
Selling General & Admin Expenses, Total	8.95M	10.14M	16.92M	34.43M	47.44M
Depreciation & Amortization - (IS) - (Collected)	8.21M	11.93M	20.97M	29.6M	53.63M
Other Operating Expenses	6.78M	9.66M	14.03M	17.53M	29.64M
Total Operating Expenses	23.95M	31.74M	51.91M	81.56M	131M
Operating Income (REIT / Utility Template)	13.49M	13.54M	19.89M	19.6M	24.46M
Interest Expense, Total	-22.29M	-14.07M	-19.93M	-22.16M	-47.49M
Interest and Investment Income	-	-	-	2.4M	1.2M
Net Interest Expenses	-22.29M	-14.07M	-19.93M	-19.76M	-46.29M
Other Non Operating Income (Expenses)	2.29M	-258K	3.64M	57.19M	4.85M
EBT, Excl. Unusual Items	-6.51M	-789K	3.59M	57.03M	-16.98M
Total Merger & Related Restructuring Charges	-866K	-1.02M	-1.49M	-3.63M	-4.51M
Gain (Loss) on Sale of Assets	-	-	12.84M	2.22M	-649K
Other Unusual Items	-	-	-1.64M	-2.38M	-4.52M
EBT, Incl. Unusual Items	-7.38M	-1.8M	13.3M	53.24M	-26.66M
Income Tax Expense	1.18M	83K	295K	1.08M	-683K
Earnings From Continuing Operations	-8.56M	-1.89M	13M	52.17M	-25.97M
Net Income to Company	-8.56M	-1.89M	13M	52.17M	-25.97M
Minority Interest	4.19M	8.68M	-7.1M	3.27M	16.62M
Net Income - (IS)	-4.37M	6.79M	5.91M	55.44M	-9.36M
Preferred Dividend and Other Adjustments	1.75M	17.76M	90K	433K	-
Net Income to Common Incl Extra Items	-6.12M	-10.96M	5.82M	55M	-9.36M
Net Income to Common Excl. Extra Items	-6.12M	-10.96M	5.82M	55M	-9.36M
Per Share Items
Net EPS - Basic	-	-	0.06	0.36	-0.06
Basic EPS - Continuing Operations	-	-	0.06	0.36	-0.06
Basic Weighted Average Shares Outstanding	-	-	92.75M	155M	159M
Net EPS - Diluted	-	-	0.06	0.35	-0.06
Diluted EPS - Continuing Operations	-	-	0.06	0.35	-0.06
Diluted Weighted Average Shares Outstanding	-	-	96.6M	156M	159M
Normalized Basic EPS	-	-	-0.05	0.25	0.04
Normalized Diluted EPS	-	-	-0.05	0.25	0.04
Payout Ratio	-2.55K	521.86	376.01	-	-
Supplemental Items
Utility Revenues	33.34M	42.68M	67.03M	96.72M	143M
Non Utility Revenues	4.1M	2.6M	4.77M	4.45M	12.34M
EBITDA	21.7M	25.47M	40.86M	49.2M	78.09M
EBITA	13.19M	13.44M	19.09M	17.9M	26.26M
EBIT	13.49M	13.54M	19.89M	19.6M	24.46M
EBITDAR	24.3M	28.57M	45.26M	57.18M	90.72M
Effective Tax Rate - (Ratio)	-16.07	-4.6	2.22	2.02	2.56
Current Domestic Taxes	23K	23K	76K	-2K	32K
Total Current Taxes	23K	23K	76K	-2K	32K
Deferred Domestic Taxes	1.16M	60K	219K	1.08M	-715K
Total Deferred Taxes	1.16M	60K	219K	1.08M	-715K
Normalized Net Income	125K	8.19M	-4.85M	38.92M	6.01M
Interest on Long-Term Debt	-	-	-	1.7M	1.7M
Supplemental Operating Expense Items
General and Administrative Expenses	8.95M	10.14M	16.92M	34.43M	47.44M
Net Rental Expense, Total	2.6M	3.1M	4.4M	7.98M	12.63M
Imputed Operating Lease Interest Expense	-	1.15M	1.5M	2.16M	4.46M
Imputed Operating Lease Depreciation	-	1.95M	2.9M	5.82M	8.17M
Stock-Based Comp., G&A Exp. (Total)	70K	82K	148K	9.4M	14.98M
Total Stock-Based Compensation	70K	82K	148K	9.4M	14.98M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	26.64M	33.83M	326M	193M	161M
Accounts Receivable, Total	1.66M	5.51M	8.79M	12.88M	15.3M
Other Receivables	369K	240K	429K	558K	1.8M
Accounts Receivable (Summary Subtotal)	2.03M	5.75M	9.22M	13.44M	17.1M
Restricted Cash	4.97M	3.46M	2.54M	2.4M	45.36M
Other Current Assets, Total	2.32M	1.75M	6.66M	6.21M	5.52M
Total Current Assets	35.97M	44.8M	344M	215M	229M
Gross Property Plant And Equipment	350M	555M	801M	1.19B	1.93B
Accumulated Depreciation	-23.28M	-35.18M	-55.49M	-86.5M	-137M
Net Property Plant And Equipment	327M	519M	746M	1.1B	1.79B
Goodwill	-	-	601K	-	-
Other Intangibles, Total	8.97M	11.76M	16.7M	47.63M	47.59M
Long-Term Investments - (Utility Template)	-	-	-	3.95M	530K
Other Long-Term Assets, Total	1.22M	5.61M	5.83M	10.63M	20.58M
Total Assets	373M	582M	1.11B	1.38B	2.09B
Liabilities
Accounts Payable, Total	2.13M	1.57M	3.59M	2.74M	7.34M
Accrued Expenses, Total	1M	2.66M	4.49M	4.55M	8.74M
Current Portion of Long-Term Debt	39.83M	35.21M	18.9M	29.96M	39.61M
Current Portion of Leases	-	-	2.24M	3.34M	6.86M
Unearned Revenue, Current	-	-	-	2.6M	2.94M
Other Current Liabilities - (Bank / Utility Template)	2.57M	4.01M	3.66M	25.04M	41.02M
Total Current Liabilities	45.54M	43.45M	32.89M	68.23M	107M
Long-Term Debt	178M	354M	489M	635M	1.16B
Long-Term Leases	-	-	35.36M	94.82M	181M
Unearned Revenue Non Current	-	-	-	5.4M	5.62M
Deferred Tax Liability Non-Current	10.61M	11M	9.6M	11.01M	9.83M
Other Non Current Liabilities, Total	6.63M	15.87M	204M	99.77M	99.37M
Total Liabilities	241M	424M	772M	914M	1.57B
Preferred Stock Redeemable	167M	204M	-	-	-
Total Preferred Equity	167M	204M	-	-	-
Common Stock, Total	1K	1K	15K	16K	16K
Additional Paid In Capital	163K	2.03M	406M	470M	485M
Retained Earnings	-47.34M	-80.8M	-101M	-45.92M	-55.27M
Comprehensive Income and Other	-	-	-	-	17.27M
Total Common Equity	-47.18M	-78.77M	305M	424M	447M
Minority Interest	11.84M	32.33M	36.62M	38.96M	77.93M
Total Equity	132M	157M	342M	463M	525M
Total Liabilities And Equity	373M	582M	1.11B	1.38B	2.09B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	-	-	154M	159M	159M
ECS Total Common Shares Outstanding	-	-	154M	159M	159M
Book Value / Share	-	-	1.98	2.67	2.81
Tangible Book Value	-56.14M	-90.53M	288M	376M	399M
Tangible Book Value Per Share	-	-	1.87	2.37	2.51
Total Debt	218M	389M	546M	763M	1.39B
Net Debt	191M	355M	220M	570M	1.23B
Debt Equivalent Oper. Leases	20.8M	24.8M	35.2M	63.86M	101M
Minority Interest, Total (Incl. Fin. Div)	11.84M	32.33M	36.62M	38.96M	77.93M
Account Code - Inventory Valuation	-	3	3	3	3
Land - (BS)	3.44M	4.87M	6.98M	6.17M	9.38M
Machinery, Total	-	-	3.87M	4.48M	13.44M
Full Time Employees	-	-	44	59	93
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	400K	900K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-4.37M	6.79M	5.91M	55.44M	-9.36M
Depreciation, Depletion & Amortization	8.51M	12.03M	21.77M	31.3M	51.83M
Amortization of Goodwill and Intangible Assets - (CF)	-300K	-100K	-800K	-1.7M	1.8M
Total Depreciation, Depletion & Amortization	8.21M	11.93M	20.97M	29.6M	53.63M
Amortization of Deferred Charges, Total	2.06M	2.54M	2.87M	3.02M	3.62M
(Gain) Loss On Sale of Asset - (CF)	-	-	-12.84M	-2.22M	649K
(Gain) Loss on Sale of Investments - (CF)	-	-	-324K	-	-
Stock-Based Compensation (CF)	70K	82K	148K	9.4M	14.94M
Change in Accounts Receivable	685K	-1.29M	162K	-2.12M	1.49M
Change in Accounts Payable	1.46M	-1.48M	2M	-1.13M	3.5M
Change in Unearned Revenues	-	-	-	562K	438K
Change in Other Net Operating Assets (Collected)	-73K	1.47M	-373K	-2.1M	28.29M
Other Operating Activities	-3.03M	-7.76M	5.19M	-55.21M	-17.84M
Cash from Operations	5.02M	12.3M	23.7M	35.24M	79.36M
Capital Expenditure	-57.16M	-36.68M	-14.58M	-77.22M	-118M
Sale of Property, Plant, and Equipment	-	-	19.91M	3.6M	2.35M
Cash Acquisitions	-36.82M	-134M	-229M	-90.09M	-471M
Other Investing Activities, Total	-3.05M	-593K	-36K	496K	-
Cash from Investing	-97.04M	-171M	-223M	-163M	-587M
Long-Term Debt Issued, Total	292M	206M	311M	125M	580M
Total Debt Issued	292M	206M	311M	125M	580M
Long-Term Debt Repaid, Total	-250M	-55.75M	-160M	-123M	-51.11M
Total Debt Repaid	-250M	-55.75M	-160M	-123M	-51.11M
Issuance of Common Stock	5.75M	-	-	65K	-
Issuance of Preferred Stock	176M	31.5M	82M	-	-
Common Dividends Paid	-111M	-22.5M	-	-	-
Preferred Dividends Paid	-	-12.95M	-22.21M	-	-
Common & Preferred Stock Dividends Paid	-111M	-35.45M	-22.21M	-	-
Other Financing Activities, Total	-2.65M	19.01M	281M	-4.35M	-1.53M
Cash from Financing	110M	165M	492M	-2.95M	527M
Net Change in Cash	18.39M	6.07M	292M	-131M	19.53M
Supplemental Items
Cash Interest Paid	19.78M	9.74M	15.02M	21.6M	36.95M
Cash Income Tax Paid (Refund)	1K	38K	103K	73K	69K
Net Debt Issued / Repaid	42.21M	150M	151M	1.34M	529M
Levered Free Cash Flow	-	-21.56M	5.42M	-17.25M	-80.77M
Unlevered Free Cash Flow	-	-15.3M	15.01M	-6.42M	-54.71M
Change In Net Working Capital	-	-901K	3.95M	-19.55M	20.82M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-	1.77	1.47	0.98	0.88
Return on Total Capital	-	1.89	1.73	1.16	0.97
Return On Equity %	-	-1.3	5.21	12.97	-5.26
Return on Common Equity	-	17.41	2.71	15.09	-2.15
Margin Analysis
Gross Profit Margin %	81.88	78.66	80.46	82.67	80.9
SG&A Margin	23.91	22.4	23.56	34.03	30.57
EBITDA Margin %	57.96	56.26	56.9	48.64	50.33
EBITA Margin %	35.23	29.69	26.59	17.7	16.93
EBIT Margin %	36.03	29.91	27.7	19.38	15.77
Income From Continuing Operations Margin %	-22.87	-4.17	18.11	51.57	-16.74
Net Income Margin %	-11.67	15	8.23	54.8	-6.03
Net Avail. For Common Margin %	-16.35	-24.21	8.1	54.37	-6.03
Normalized Net Income Margin	0.33	18.08	-6.76	38.47	3.87
Levered Free Cash Flow Margin	-	-47.61	7.56	-17.05	-52.06
Unlevered Free Cash Flow Margin	-	-33.79	20.9	-6.34	-35.26
Asset Turnover
Asset Turnover	-	0.09	0.08	0.08	0.09
Fixed Assets Turnover	-	0.11	0.11	0.11	0.11
Receivables Turnover (Average Receivables)	-	12.62	10.04	9.3	11.01
Short Term Liquidity
Current Ratio	0.79	1.03	10.47	3.15	2.15
Quick Ratio	0.63	0.91	10.19	3.03	1.67
Operating Cash Flow to Current Liabilities	0.11	0.28	0.72	0.52	0.75
Days Sales Outstanding (Average Receivables)	-	29	36.35	39.24	33.16
Average Days Payable Outstanding	-	70.1	67.15	65.9	62.06
Long Term Solvency
Total Debt/Equity	165.07	247.38	159.86	164.71	264.85
Total Debt / Total Capital	62.27	71.21	61.52	62.22	72.59
LT Debt/Equity	134.92	225	153.67	157.52	256
Long-Term Debt / Total Capital	50.9	64.77	59.14	59.51	70.17
Total Liabilities / Total Assets	64.59	72.95	69.32	66.37	74.88
EBIT / Interest Expense	0.61	0.96	1	0.88	0.52
EBITDA / Interest Expense	0.97	1.81	2.05	2.58	1.91
(EBITDA - Capex) / Interest Expense	-1.59	-0.8	1.32	-0.9	-0.57
Total Debt / EBITDA	10.05	15.28	13.36	13.34	15.33
Net Debt / EBITDA	8.82	13.95	5.38	9.96	13.55
Total Debt / (EBITDA - Capex)	-6.15	-34.74	20.78	-38.06	-51.37
Net Debt / (EBITDA - Capex)	-5.4	-31.72	8.37	-28.43	-45.43
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	20.95	58.58	40.9	53.38
Gross Profit, 1 Yr. Growth %	-	16.21	62.2	44.76	50.1
EBITDA, 1 Yr. Growth %	-	17.4	60.38	20.43	58.71
EBITA, 1 Yr. Growth %	-	1.93	42.01	-6.22	46.71
EBIT, 1 Yr. Growth %	-	0.4	46.87	-1.45	24.8
Earnings From Cont. Operations, 1 Yr. Growth %	-	-77.96	-789.19	301.13	-149.79
Net Income, 1 Yr. Growth %	-	-255.55	-13.06	838.66	-116.88
Diluted EPS Before Extra, 1 Yr. Growth %	-	-	-14.28	483.33	-117.14
Normalized Net Income, 1 Yr. Growth %	-	6.46K	-159.29	-794.41	-84.56
Net Property, Plant and Equip., 1 Yr. Growth %	-	58.85	43.57	47.46	63.04
Accounts Receivable, 1 Yr. Growth %	-	231.25	59.45	45.36	18.77
Total Assets, 1 Yr. Growth %	-	55.86	91.42	23.68	51.82
Tangible Book Value, 1 Yr. Growth %	-	61.24	154.03	30.62	6.11
Cash From Operations, 1 Yr. Growth %	-	144.75	92.78	48.68	125.18
Capital Expenditures, 1 Yr. Growth %	-	-35.84	-60.23	429.47	52.53
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-125.16	-418.03	368.2
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-198.11	-142.76	752.4
Common Equity, 1 Yr. Growth %	-	66.97	143.98	39.09	5.42
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	38.49	49.47	47
Gross Profit, 2 Yr. CAGR %	-	-	37.29	53.23	47.4
EBITDA, 2 Yr. CAGR %	-	-	37.22	38.98	38.25
EBITA, 2 Yr. CAGR %	-	-	20.31	15.4	17.29
EBIT, 2 Yr. CAGR %	-	-	21.43	20.31	10.9
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	23.26	425.79	41.32
Net Income, 2 Yr. CAGR %	-	-	16.29	185.67	25.86
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-	123.61	0
Normalized Net Income, 2 Yr. CAGR %	-	-	523.47	118.02	3.54
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	51.02	45.5	55.06
Accounts Receivable, 2 Yr. CAGR %	-	-	129.82	52.89	31.4
Total Assets, 2 Yr. CAGR %	-	-	72.73	53.87	37.03
Common Equity, 2 Yr. CAGR %	-	-	154.24	84.21	21.09
Tangible Book Value, 2 Yr. CAGR %	-	-	126.34	82.35	17.73
Cash From Operations, 2 Yr. CAGR %	-	-	117.21	69.3	82.97
Capital Expenditures, 2 Yr. CAGR %	-	-	-49.49	45.1	184.19
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-10.54	285.88
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-35.23	90.92
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	39.29	50.76
Gross Profit, 3 Yr. CAGR %	-	-	-	39.74	52.18
EBITDA, 3 Yr. CAGR %	-	-	-	31.38	45.27
EBITA, 3 Yr. CAGR %	-	-	-	10.72	25.01
EBIT, 3 Yr. CAGR %