Ameresco Inc
NYSE:AMRC
Cash Flow Statement
Cash Flow Statement
Ameresco Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Income |
2
|
(4)
|
1
|
3
|
10
|
14
|
14
|
11
|
(5)
|
0
|
0
|
2
|
12
|
10
|
13
|
16
|
34
|
43
|
46
|
47
|
38
|
33
|
33
|
30
|
40
|
44
|
44
|
54
|
57
|
63
|
72
|
74
|
80
|
87
|
102
|
110
|
99
|
81
|
56
|
49
|
64
|
|
Depreciation & Amortization |
20
|
20
|
21
|
22
|
23
|
23
|
23
|
23
|
24
|
25
|
25
|
25
|
25
|
25
|
25
|
25
|
25
|
26
|
28
|
29
|
31
|
33
|
35
|
38
|
39
|
41
|
41
|
42
|
42
|
42
|
43
|
45
|
47
|
49
|
51
|
53
|
54
|
55
|
58
|
61
|
66
|
|
Change in Deffered Taxes |
(15)
|
(10)
|
(8)
|
(8)
|
(3)
|
(8)
|
(9)
|
(9)
|
4
|
4
|
5
|
7
|
3
|
3
|
2
|
1
|
(5)
|
(7)
|
7
|
2
|
6
|
8
|
(4)
|
2
|
(3)
|
(5)
|
1
|
2
|
3
|
6
|
(1)
|
(4)
|
(5)
|
(5)
|
(1)
|
2
|
4
|
(5)
|
(3)
|
(14)
|
(28)
|
|
Stock-Based Compensation |
3
|
3
|
3
|
3
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
2
|
2
|
2
|
3
|
5
|
9
|
11
|
14
|
15
|
15
|
16
|
16
|
17
|
0
|
|
Other Non-Cash Items |
(4)
|
(3)
|
(4)
|
(4)
|
5
|
5
|
6
|
7
|
9
|
8
|
10
|
12
|
8
|
8
|
5
|
2
|
1
|
2
|
3
|
4
|
6
|
3
|
3
|
2
|
0
|
3
|
4
|
6
|
7
|
7
|
9
|
12
|
14
|
18
|
18
|
18
|
20
|
19
|
21
|
19
|
13
|
|
Cash Taxes Paid |
4
|
4
|
5
|
3
|
3
|
2
|
2
|
2
|
1
|
2
|
3
|
3
|
3
|
3
|
4
|
5
|
6
|
6
|
5
|
3
|
2
|
2
|
2
|
3
|
4
|
4
|
2
|
2
|
1
|
2
|
2
|
2
|
3
|
2
|
4
|
4
|
7
|
8
|
7
|
6
|
4
|
|
Cash Interest Paid |
7
|
8
|
8
|
7
|
7
|
6
|
6
|
6
|
6
|
5
|
6
|
6
|
7
|
8
|
10
|
10
|
12
|
11
|
11
|
13
|
16
|
18
|
19
|
18
|
17
|
19
|
20
|
20
|
20
|
19
|
19
|
18
|
19
|
19
|
23
|
29
|
33
|
42
|
51
|
60
|
80
|
|
Change in Working Capital |
(64)
|
(27)
|
(25)
|
(40)
|
(34)
|
(58)
|
(75)
|
(51)
|
(82)
|
(80)
|
(92)
|
(110)
|
(100)
|
(120)
|
(116)
|
(146)
|
(191)
|
(205)
|
(224)
|
(159)
|
(133)
|
(151)
|
(172)
|
(214)
|
(273)
|
(273)
|
(251)
|
(262)
|
(212)
|
(207)
|
(248)
|
(262)
|
(308)
|
(559)
|
(553)
|
(511)
|
(515)
|
(154)
|
(196)
|
(221)
|
(185)
|
|
Cash from Operating Activities |
(61)
N/A
|
(25)
+59%
|
(16)
+36%
|
(27)
-74%
|
1
N/A
|
(23)
N/A
|
(42)
-80%
|
(19)
+54%
|
(50)
-158%
|
(43)
+14%
|
(52)
-23%
|
(64)
-23%
|
(53)
+18%
|
(75)
-43%
|
(70)
+7%
|
(101)
-45%
|
(136)
-34%
|
(141)
-4%
|
(141)
0%
|
(77)
+45%
|
(53)
+31%
|
(74)
-40%
|
(105)
-42%
|
(142)
-35%
|
(196)
-38%
|
(190)
+3%
|
(161)
+15%
|
(159)
+1%
|
(103)
+36%
|
(90)
+13%
|
(125)
-40%
|
(135)
-8%
|
(172)
-28%
|
(410)
-138%
|
(384)
+6%
|
(329)
+14%
|
(338)
-3%
|
(3)
+99%
|
(64)
-1 791%
|
(106)
-64%
|
(70)
+34%
|
|
Investing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Capital Expenditures |
(27)
|
(22)
|
(6)
|
(7)
|
(28)
|
(26)
|
(31)
|
(41)
|
(53)
|
(56)
|
(61)
|
(70)
|
(76)
|
(96)
|
(106)
|
(99)
|
(88)
|
(73)
|
(64)
|
(65)
|
(130)
|
(140)
|
(151)
|
(161)
|
(141)
|
(145)
|
(170)
|
(190)
|
(183)
|
(210)
|
(210)
|
(205)
|
(184)
|
(185)
|
(210)
|
(236)
|
(328)
|
(362)
|
(466)
|
(584)
|
(552)
|
|
Other Items |
(3)
|
(3)
|
4
|
(8)
|
(10)
|
0
|
(8)
|
1
|
1
|
0
|
0
|
0
|
(4)
|
(3)
|
(3)
|
(3)
|
0
|
(21)
|
(34)
|
(63)
|
(4)
|
16
|
29
|
58
|
(2)
|
(0)
|
(0)
|
(0)
|
2
|
2
|
2
|
2
|
(21)
|
0
|
0
|
(22)
|
(0)
|
(10)
|
(10)
|
(7)
|
(15)
|
|
Cash from Investing Activities |
(30)
N/A
|
(24)
+20%
|
(2)
+90%
|
(15)
-561%
|
(39)
-153%
|
(36)
+6%
|
(39)
-7%
|
(40)
-4%
|
(52)
-28%
|
(55)
-6%
|
(61)
-12%
|
(70)
-13%
|
(80)
-14%
|
(100)
-25%
|
(109)
-9%
|
(102)
+6%
|
(88)
+14%
|
(94)
-7%
|
(98)
-4%
|
(127)
-30%
|
(133)
-5%
|
(124)
+7%
|
(122)
+2%
|
(103)
+15%
|
(142)
-38%
|
(145)
-2%
|
(170)
-17%
|
(190)
-12%
|
(181)
+5%
|
(208)
-15%
|
(208)
+0%
|
(204)
+2%
|
(205)
-1%
|
(207)
-1%
|
(232)
-12%
|
(258)
-11%
|
(328)
-27%
|
(372)
-13%
|
(475)
-28%
|
(591)
-24%
|
(567)
+4%
|
|
Financing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Issuance of Common Stock |
2
|
2
|
2
|
2
|
1
|
2
|
1
|
1
|
1
|
1
|
(1)
|
(3)
|
(5)
|
(7)
|
(5)
|
(3)
|
(1)
|
(1)
|
0
|
3
|
5
|
7
|
6
|
8
|
7
|
9
|
11
|
9
|
10
|
129
|
128
|
127
|
126
|
6
|
5
|
6
|
5
|
4
|
5
|
4
|
4
|
|
Net Issuance of Debt |
35
|
41
|
7
|
33
|
38
|
42
|
73
|
51
|
90
|
82
|
90
|
108
|
118
|
170
|
172
|
191
|
176
|
204
|
207
|
203
|
213
|
174
|
205
|
190
|
290
|
325
|
314
|
342
|
296
|
206
|
229
|
234
|
241
|
601
|
621
|
643
|
697
|
435
|
531
|
715
|
666
|
|
Other |
6
|
5
|
7
|
10
|
4
|
10
|
7
|
4
|
10
|
17
|
24
|
30
|
22
|
20
|
26
|
30
|
56
|
47
|
34
|
31
|
6
|
6
|
26
|
20
|
20
|
20
|
(1)
|
(1)
|
(0)
|
(2)
|
2
|
(1)
|
(2)
|
2
|
8
|
9
|
28
|
42
|
(7)
|
(11)
|
(30)
|
|
Cash from Financing Activities |
43
N/A
|
48
+11%
|
16
-67%
|
45
+184%
|
43
-5%
|
54
+27%
|
82
+50%
|
56
-31%
|
101
+80%
|
100
-1%
|
113
+13%
|
135
+20%
|
134
-1%
|
182
+36%
|
193
+6%
|
217
+12%
|
230
+6%
|
250
+8%
|
241
-3%
|
237
-2%
|
225
-5%
|
188
-16%
|
236
+26%
|
219
-7%
|
317
+45%
|
354
+11%
|
324
-8%
|
350
+8%
|
305
-13%
|
334
+9%
|
360
+8%
|
361
+0%
|
365
+1%
|
608
+66%
|
634
+4%
|
658
+4%
|
730
+11%
|
481
-34%
|
530
+10%
|
708
+34%
|
641
-10%
|
|
Change in Cash | ||||||||||||||||||||||||||||||||||||||||||
Effect of Foreign Exchange Rates |
1
|
1
|
1
|
2
|
1
|
2
|
2
|
2
|
(1)
|
(3)
|
(3)
|
(4)
|
(0)
|
(1)
|
0
|
1
|
1
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
1
|
1
|
1
|
0
|
(0)
|
(1)
|
(2)
|
(1)
|
(1)
|
0
|
0
|
(0)
|
|
Net Change in Cash |
(46)
N/A
|
(0)
+100%
|
(1)
-435%
|
5
N/A
|
7
+40%
|
(3)
N/A
|
3
N/A
|
(2)
N/A
|
(2)
+5%
|
(1)
+73%
|
(4)
-611%
|
(3)
+28%
|
1
N/A
|
7
+374%
|
14
+106%
|
14
-2%
|
7
-49%
|
15
+112%
|
3
-84%
|
32
+1 186%
|
38
+17%
|
(10)
N/A
|
9
N/A
|
(27)
N/A
|
(21)
+23%
|
18
N/A
|
(7)
N/A
|
1
N/A
|
22
+3 970%
|
37
+70%
|
27
-27%
|
23
-15%
|
(12)
N/A
|
(8)
+33%
|
17
N/A
|
70
+300%
|
63
-10%
|
105
+67%
|
(9)
N/A
|
12
N/A
|
4
-69%
|
|
Free Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Free Cash Flow |
(87)
N/A
|
(46)
+47%
|
(22)
+53%
|
(34)
-58%
|
(27)
+21%
|
(49)
-81%
|
(72)
-47%
|
(61)
+16%
|
(102)
-69%
|
(98)
+4%
|
(114)
-16%
|
(134)
-18%
|
(129)
+4%
|
(171)
-33%
|
(175)
-2%
|
(200)
-14%
|
(224)
-12%
|
(213)
+5%
|
(205)
+4%
|
(142)
+31%
|
(183)
-29%
|
(215)
-17%
|
(256)
-19%
|
(303)
-18%
|
(337)
-11%
|
(335)
+1%
|
(331)
+1%
|
(349)
-6%
|
(285)
+18%
|
(300)
-5%
|
(335)
-12%
|
(341)
-2%
|
(356)
-5%
|
(595)
-67%
|
(594)
+0%
|
(565)
+5%
|
(666)
-18%
|
(366)
+45%
|
(530)
-45%
|
(689)
-30%
|
(622)
+10%
|