ORMAT TECHNOLOGIES INC
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 23, 2024
ORA$94.57+2.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Equity
| The Company's Stockholders' Equity | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Accumulated | |||||||||
| Additional · Other | |||||||||
| Common Stock · Paid-in · Treasury · Retained · Comprehensive · Noncontrolling · Total | |||||||||
| Shares | Amount | Capital | Stock | Earnings | Income (Loss) | Total | Interest | Equity | |
| (Dollars in thousands, except per share data) | |||||||||
| Balance at December 31, 2020 | 55,983 | $56 | $1,262,446 | $— | $550,103 | $(6,620) | $1,805,985 | $135,452 | $1,941,437 |
| Stock-based compensation | — | — | 9,168 | — | — | — | 9,168 | — | 9,168 |
| Exercise of options by employees and directors (*) | 73 | — | — | — | — | — | — | — | — |
| Cash paid to noncontrolling interest | — | — | — | — | — | — | — | (5,507) | (5,507) |
| Cash dividend declared, $0.48 per share | — | — | — | — | (26,986) | — | (26,986) | — | (26,986) |
| Stock issuance costs reimbursement | — | — | 311 | — | — | — | 311 | — | 311 |
| Increase in noncontrolling interest in Steamboat Hills | — | — | — | — | — | — | — | 1,357 | 1,357 |
| Net income | — | — | — | — | 62,092 | — | 62,092 | 13,366 | 75,458 |
| Other comprehensive income (loss), net of related taxes: | |||||||||
| Change in foreign currency translation adjustments | — | — | — | — | — | (2,030) | (2,030) | (1,206) | (3,236) |
| Change in unrealized gains or losses in respect of the Company's share in derivative instruments of unconsolidated investment that qualifies as a cash flow hedge | — | — | — | — | — | 3,892 | 3,892 | — | 3,892 |
| Change in unrealized gains or losses in respect of a cross currency swap derivative instrument that qualifies as a cash flow hedge (net of related tax of $817) | — | — | — | — | — | 2,379 | 2,379 | — | 2,379 |
| Change in unrealized gains or losses on marketable securities available-for-sale | — | — | — | — | — | (40) | (40) | — | (40) |
| Other | — | — | — | — | — | 228 | 228 | — | 228 |
| Balance at December 31, 2021 | 56,056 | 56 | 1,271,925 | — | 585,209 | (2,191) | 1,854,999 | 143,462 | 1,998,461 |
| Stock-based compensation | — | — | 11,646 | — | — | — | 11,646 | — | 11,646 |
| Exercise of options by employees and directors (*) | 299 | — | 39 | — | — | — | 39 | — | 39 |
| Purchase of treasury stock | (259) | — | — | (17,964) | — | — | (17,964) | — | (17,964) |
| Purchase of capped call transactions | — | — | (24,538) | — | — | — | (24,538) | — | (24,538) |
| Cash paid to noncontrolling interest | — | — | — | — | — | — | — | (4,811) | (4,811) |
| Cash dividend declared, $0.48 per share | — | — | — | — | (27,143) | — | (27,143) | — | (27,143) |
| Increase in noncontrolling interest in CD4 | — | — | — | — | — | — | — | 3,970 | 3,970 |
| Net income | — | — | — | — | 65,841 | — | 65,841 | 11,316 | 77,157 |
| Other comprehensive income (loss), net of related taxes: | |||||||||
| Foreign currency translation adjustments | — | — | — | — | — | (1,953) | (1,953) | (533) | (2,486) |
| Change in unrealized gains or losses in respect of the Company's share in derivative instruments of unconsolidated investment | — | — | — | — | — | 8,370 | 8,370 | — | 8,370 |
| Change in unrealized gains or losses in respect of a cross currency swap derivative instrument that qualifies as a cash flow hedge (net of related tax of $464) | — | — | — | — | — | (1,825) | (1,825) | — | (1,825) |
| Change in unrealized gains or losses on marketable securities available-for-sale | — | — | — | — | — | 40 | 40 | — | 40 |
| Other | — | — | — | — | — | 59 | 59 | — | 59 |
| Balance at December 31, 2022 | 56,096 | 56 | 1,259,072 | (17,964) | 623,907 | 2,500 | 1,867,571 | 153,404 | 2,020,975 |
| Stock-based compensation | — | — | 15,478 | — | — | — | 15,478 | — | 15,478 |
| Exercise of stock-based awards by employees and directors (*) | 123 | — | 314 | — | — | — | 314 | — | 314 |
| Issuance of common stock | 4,140 | 4 | 341,667 | — | — | — | 341,671 | — | 341,671 |
| Cash paid to noncontrolling interest | — | — | — | — | — | — | — | (7,648) | (7,648) |
| Change in noncontrolling interest rights (net if related tax of $338) | — | — | 901 | — | — | — | 901 | (2,038) | (1,137) |
| Cash dividend declared, $0.48 per share | — | — | — | — | (28,412) | — | (28,412) | — | (28,412) |
| Transaction with noncontrolling interest | — | — | (2,663) | — | — | — | (2,663) | (26,392) | (29,055) |
| Net income | — | — | — | — | 124,399 | — | 124,399 | 7,799 | 132,198 |
| Other comprehensive income (loss), net of related taxes: | |||||||||
| Foreign currency translation adjustments | — | — | — | — | — | 822 | 822 | 435 | 1,257 |
| Change in unrealized gains or losses in respect of the Company's share in derivative instruments of unconsolidated investment that qualifies as a cash flow hedge | — | — | — | — | — | (470) | (470) | — | (470) |
| Change in unrealized gains or losses in respect of a cross currency swap derivative instrument that qualifies as a cash flow hedge (net of related tax of $1,511) | — | — | — | — | — | (4,237) | (4,237) | — | (4,237) |
| Other | — | — | — | — | — | 53 | 53 | — | 53 |
| Balance at December 31, 2023 | 60,359 | 60 | 1,614,769 | (17,964) | 719,894 | (1,332) | 2,315,427 | 125,560 | 2,440,987 |
(*) Resulted in an amount lower than $1 thousand.
The accompanying notes are an integral part of the consolidated financial statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.