
Ormat Technologies Inc
TASE:ORA

Income Statement
Earnings Waterfall
Ormat Technologies Inc
Revenue
|
879.7m
USD
|
Cost of Revenue
|
-607m
USD
|
Gross Profit
|
272.6m
USD
|
Operating Expenses
|
-98.9m
USD
|
Operating Income
|
173.8m
USD
|
Other Expenses
|
-50m
USD
|
Net Income
|
123.7m
USD
|
Income Statement
Ormat Technologies Inc
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 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
559
N/A
|
537
-4%
|
550
+2%
|
573
+4%
|
595
+4%
|
626
+5%
|
646
+3%
|
667
+3%
|
663
-1%
|
701
+6%
|
720
+3%
|
693
-4%
|
693
0%
|
687
-1%
|
686
0%
|
695
+1%
|
719
+3%
|
734
+2%
|
740
+1%
|
744
+1%
|
746
+0%
|
739
-1%
|
730
-1%
|
718
-2%
|
705
-2%
|
680
-4%
|
652
-4%
|
652
0%
|
663
+2%
|
680
+3%
|
703
+3%
|
720
+2%
|
734
+2%
|
736
+0%
|
761
+3%
|
794
+4%
|
829
+5%
|
868
+5%
|
887
+2%
|
890
+0%
|
880
-1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(356)
|
(343)
|
(345)
|
(364)
|
(376)
|
(388)
|
(392)
|
(399)
|
(392)
|
(420)
|
(434)
|
(422)
|
(424)
|
(420)
|
(432)
|
(451)
|
(449)
|
(463)
|
(461)
|
(459)
|
(477)
|
(465)
|
(458)
|
(450)
|
(437)
|
(417)
|
(399)
|
(388)
|
(399)
|
(420)
|
(436)
|
(455)
|
(465)
|
(461)
|
(495)
|
(528)
|
(565)
|
(602)
|
(608)
|
(613)
|
(607)
|
|
Gross Profit |
204
N/A
|
194
-5%
|
205
+6%
|
209
+2%
|
218
+4%
|
238
+9%
|
253
+6%
|
268
+6%
|
271
+1%
|
281
+4%
|
286
+2%
|
271
-5%
|
269
-1%
|
268
0%
|
255
-5%
|
244
-4%
|
270
+11%
|
271
+0%
|
279
+3%
|
286
+2%
|
269
-6%
|
274
+2%
|
272
-1%
|
268
-2%
|
269
+0%
|
263
-2%
|
252
-4%
|
264
+5%
|
264
+0%
|
261
-1%
|
266
+2%
|
264
-1%
|
269
+2%
|
275
+2%
|
267
-3%
|
266
0%
|
264
-1%
|
267
+1%
|
279
+4%
|
278
0%
|
273
-2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(60)
|
(64)
|
(58)
|
(59)
|
(54)
|
(54)
|
(55)
|
(69)
|
(69)
|
(71)
|
(74)
|
(63)
|
(61)
|
(67)
|
(71)
|
(79)
|
(62)
|
(87)
|
(84)
|
(78)
|
(76)
|
(78)
|
(79)
|
(83)
|
(84)
|
(85)
|
(89)
|
(96)
|
(95)
|
(94)
|
(90)
|
(85)
|
(83)
|
(83)
|
(90)
|
(121)
|
(97)
|
(101)
|
(101)
|
(101)
|
(99)
|
|
Selling, General & Administrative |
(44)
|
(47)
|
(49)
|
(50)
|
(51)
|
(50)
|
(50)
|
(62)
|
(63)
|
(65)
|
(69)
|
(60)
|
(56)
|
(62)
|
(65)
|
(73)
|
(57)
|
(70)
|
(68)
|
(61)
|
(71)
|
(73)
|
(73)
|
(76)
|
(79)
|
(80)
|
(84)
|
(92)
|
(91)
|
(90)
|
(85)
|
(79)
|
(77)
|
(77)
|
(83)
|
(81)
|
(86)
|
(90)
|
(89)
|
(97)
|
(98)
|
|
Research & Development |
(15)
|
(16)
|
(8)
|
(9)
|
(3)
|
(4)
|
(5)
|
(7)
|
(6)
|
(6)
|
(5)
|
(3)
|
(5)
|
(6)
|
(6)
|
(6)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(6)
|
(6)
|
(7)
|
(8)
|
(11)
|
(11)
|
(12)
|
(10)
|
(10)
|
|
Other Operating Expenses |
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(13)
|
(13)
|
(13)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(31)
|
0
|
0
|
0
|
6
|
9
|
|
Operating Income |
144
N/A
|
131
-9%
|
147
+12%
|
150
+2%
|
164
+10%
|
185
+13%
|
198
+7%
|
200
+1%
|
202
+1%
|
211
+4%
|
212
+1%
|
208
-2%
|
207
0%
|
200
-3%
|
184
-8%
|
166
-10%
|
209
+26%
|
184
-12%
|
195
+6%
|
207
+7%
|
194
-7%
|
196
+1%
|
193
-2%
|
186
-4%
|
184
-1%
|
178
-3%
|
163
-8%
|
167
+3%
|
169
+1%
|
166
-2%
|
176
+6%
|
179
+2%
|
185
+3%
|
192
+3%
|
177
-8%
|
145
-18%
|
167
+15%
|
166
0%
|
178
+7%
|
176
-1%
|
174
-1%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(90)
|
(88)
|
(86)
|
(77)
|
(74)
|
(68)
|
(72)
|
(72)
|
(72)
|
(72)
|
(62)
|
(57)
|
(53)
|
(53)
|
(57)
|
(63)
|
(85)
|
(79)
|
(84)
|
(85)
|
(78)
|
(74)
|
(72)
|
(73)
|
(72)
|
(92)
|
(90)
|
(92)
|
(95)
|
(80)
|
(87)
|
(86)
|
(90)
|
(94)
|
(90)
|
(92)
|
(90)
|
(97)
|
(108)
|
(116)
|
(130)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(14)
|
0
|
0
|
0
|
0
|
5
|
10
|
30
|
30
|
25
|
20
|
0
|
0
|
(2)
|
(2)
|
(2)
|
(33)
|
(31)
|
(31)
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
|
Gain/Loss on Disposition of Assets |
8
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
25
|
32
|
21
|
23
|
23
|
22
|
24
|
13
|
11
|
13
|
13
|
17
|
16
|
18
|
24
|
27
|
27
|
27
|
22
|
22
|
22
|
18
|
18
|
22
|
27
|
29
|
30
|
30
|
29
|
31
|
32
|
34
|
33
|
38
|
45
|
50
|
63
|
68
|
68
|
73
|
73
|
|
Pre-Tax Income |
86
N/A
|
74
-14%
|
82
+11%
|
96
+18%
|
114
+18%
|
139
+22%
|
150
+8%
|
141
-6%
|
141
+0%
|
152
+8%
|
163
+7%
|
167
+3%
|
171
+2%
|
165
-4%
|
151
-8%
|
129
-15%
|
137
+6%
|
132
-4%
|
132
+0%
|
145
+9%
|
137
-5%
|
145
+6%
|
149
+3%
|
165
+11%
|
169
+2%
|
140
-17%
|
124
-12%
|
106
-14%
|
104
-3%
|
116
+12%
|
119
+3%
|
125
+5%
|
96
-23%
|
105
+10%
|
101
-4%
|
103
+2%
|
139
+35%
|
136
-2%
|
137
+1%
|
133
-4%
|
115
-13%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(28)
|
(27)
|
(28)
|
17
|
15
|
11
|
9
|
(41)
|
(37)
|
(33)
|
(58)
|
(53)
|
28
|
66
|
69
|
74
|
30
|
(12)
|
21
|
13
|
(46)
|
(50)
|
(65)
|
(71)
|
(67)
|
(52)
|
(44)
|
(31)
|
(25)
|
(32)
|
(34)
|
(39)
|
(15)
|
(13)
|
(3)
|
11
|
(6)
|
3
|
2
|
(4)
|
16
|
|
Income from Continuing Operations |
58
|
47
|
54
|
113
|
129
|
150
|
160
|
100
|
104
|
119
|
105
|
115
|
198
|
230
|
220
|
203
|
167
|
121
|
153
|
157
|
92
|
95
|
84
|
94
|
102
|
88
|
79
|
75
|
79
|
84
|
86
|
86
|
81
|
92
|
98
|
114
|
133
|
139
|
140
|
129
|
132
|
|
Income to Minority Interest |
(1)
|
(1)
|
(2)
|
(3)
|
(4)
|
(5)
|
(5)
|
(6)
|
(8)
|
(10)
|
(13)
|
(14)
|
(15)
|
(15)
|
(15)
|
(11)
|
(12)
|
(10)
|
(9)
|
(9)
|
(5)
|
(7)
|
(7)
|
(15)
|
(16)
|
(15)
|
(15)
|
(13)
|
(14)
|
(16)
|
(17)
|
(13)
|
(12)
|
(12)
|
(9)
|
(8)
|
(9)
|
(6)
|
(7)
|
(9)
|
(8)
|
|
Equity Earnings Affiliates |
(3)
|
(4)
|
(5)
|
(7)
|
(6)
|
(6)
|
(6)
|
(5)
|
(8)
|
(8)
|
(8)
|
(5)
|
(2)
|
1
|
2
|
1
|
8
|
8
|
8
|
10
|
2
|
0
|
1
|
(2)
|
0
|
1
|
0
|
2
|
(3)
|
(3)
|
(5)
|
(6)
|
(3)
|
(3)
|
0
|
0
|
0
|
1
|
(0)
|
(1)
|
(0)
|
|
Net Income (Common) |
54
N/A
|
43
-21%
|
48
+12%
|
104
+116%
|
120
+16%
|
139
+16%
|
149
+7%
|
89
-40%
|
89
N/A
|
100
+13%
|
84
-16%
|
96
+14%
|
132
+38%
|
167
+26%
|
158
-5%
|
144
-8%
|
98
-32%
|
54
-44%
|
89
+63%
|
94
+6%
|
88
-6%
|
88
N/A
|
77
-12%
|
77
+0%
|
86
+11%
|
75
-13%
|
65
-13%
|
64
-1%
|
62
-3%
|
65
+5%
|
63
-3%
|
67
+5%
|
66
-1%
|
76
+16%
|
89
+17%
|
107
+19%
|
124
+17%
|
134
+8%
|
132
-1%
|
119
-10%
|
124
+4%
|
|
EPS (Diluted) |
1.18
N/A
|
0.88
-25%
|
0.94
+7%
|
2.02
+115%
|
2.43
+20%
|
2.78
+14%
|
2.95
+6%
|
1.78
-40%
|
1.77
-1%
|
1.99
+12%
|
1.67
-16%
|
1.9
+14%
|
2.6
+37%
|
3.26
+25%
|
3.11
-5%
|
2.83
-9%
|
1.92
-32%
|
1.06
-45%
|
1.73
+63%
|
1.82
+5%
|
1.72
-5%
|
1.71
-1%
|
1.5
-12%
|
1.51
+1%
|
1.65
+9%
|
1.31
-21%
|
1.14
-13%
|
1.13
-1%
|
1.1
-3%
|
1.16
+5%
|
1.13
-3%
|
1.18
+4%
|
1.17
-1%
|
1.35
+15%
|
1.47
+9%
|
1.76
+20%
|
2.08
+18%
|
2.21
+6%
|
2.18
-1%
|
1.96
-10%
|
2.04
+4%
|