HASI FY 2020 Earnings Report — HA Sustainable Infrastructure Capital, Inc. Revenue & Financial Results | Market Cap Arena

HA Sustainable Infrastructure Capital, Inc.HASI

FY 2020 Earnings

Reported February 22, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$235M	—	$206M	—	14.2%
Op. Income	$80M	—	$90M	—	-11.2%
Gross Margin	60.8%	—	68.8%	—	-8.0pp
Net Margin	35.1%	—	39.6%	—	-4.6pp
EPS (Diluted)	$1.10	—	$1.24	—	-11.3%
Free Cash Flow	$73M	—	$29M	—	148.5%

Revenue Flow

Item	Amount
REVENUE	$235M
Cost of Revenue	$92M
GROSS PROFIT	$143M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$15M
SG&A Expenses	$15M
Other Expenses	$48M
Operating Expenses	$63M
Cost & Expenses	$155M
OPERATING INCOME	$80M
Interest Income	$96M
Interest Expense	$92M
Other Income/Expenses	$0
INCOME BEFORE TAX	$80M
Income Tax Expense	-$3M
Net Income from Continuing Ops	$83M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$82M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$82M
D&A	$4M
EBIT	$80M
EBITDA	$84M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$235M
Cost of Revenue	$92M
GROSS PROFIT	$143M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$15M
SG&A Expenses	$15M
Other Expenses	$48M
Operating Expenses	$63M
Cost & Expenses	$155M
OPERATING INCOME	$80M
Interest Income	$96M
Interest Expense	$92M
Other Income/Expenses	$0
INCOME BEFORE TAX	$80M
Income Tax Expense	-$3M
Net Income from Continuing Ops	$83M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$82M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$82M
D&A	$4M
EBIT	$80M
EBITDA	$84M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$83M
Depreciation & Amortization	$4M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$3M
Change in Working Capital	-$16M
OPERATING CASH FLOW	$73M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$926M
Sales/Maturities of Investments	$71M
Other Investing Activities	$23M
NET CASH FROM INVESTING	-$832M
Net Debt Issuance	$796M
Common Stock Repurchased	$0
Common Dividends Paid	-$100M
Other Financing Activities	-$32M
NET CASH FROM FINANCING	$962M
FREE CASH FLOW	$73M
Net Change in Cash	$204M

Balance Sheet

Item	Amount
Cash & Equivalents	$286M
Short-Term Investments	$0
Net Receivables	$1.2B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$1.3B
Tax Assets	$0
Other Non-Current Assets	$679M
TOTAL NON-CURRENT ASSETS	$2.0B
TOTAL ASSETS	$3.5B
Account Payables	$60M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$60M
Long-Term Debt	$2.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$2.2B
TOTAL LIABILITIES	$2.2B
Common Stock	$765.0K
Additional Paid-In Capital	$1.4B
Retained Earnings	-$204M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$13M
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$7M
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$3.5B
Total Debt	$2.2B
Net Debt	$1.9B