Ameresco, Inc. (AMRC) FY2026 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-04-01 to 2026-06-30

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Ameresco, Inc. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Contributions from non-controlling interests, net of fees → financing reconciliation: $228,429,000.00Proceeds from long-term energy asset debt financings → financing reconciliation: $52,162,000.00Proceeds from Federal ESPC projects → financing reconciliation: $21,527,000.00Proceeds (payments) on senior secured revolving credit facility, net → financing reconciliation: $3,000,000.00Proceeds from exercises of options and ESPP → financing reconciliation: $1,039,000.00financing reconciliation → Net cash from financing activities: $218,716,000.00financing reconciliation → Payments on long-term energy asset debt and financing leases: $83,028,000.00financing reconciliation → Payments on long-term corporate debt financings: $1,813,000.00financing reconciliation → Distributions to non-controlling interest: $1,081,000.00financing reconciliation → Payments of debt discount and debt issuance costs: $705,000.00financing reconciliation → Investment fund call option exercise: $622,000.00financing reconciliation → Net payments on energy asset receivable financing arrangements: $192,000.00Proceeds from sale of investment tax credits → investing reconciliation: $20,411,000.00investing reconciliation → Capital investments in energy assets: $122,589,000.00investing reconciliation → Capital investments in major maintenance of energy assets: $10,125,000.00investing reconciliation → Purchases of property and equipment: $862,000.00investing reconciliation → Contributions to equity method investments: $165,000.00Net cash used in operating activities → operating reconciliation: $107,209,000.00Net income → operating reconciliation: $19,907,000.00Depreciation of energy assets, net → operating reconciliation: $29,052,000.00Accounts receivable retainage → operating reconciliation: $6,909,000.00Prepaid expenses and other current assets → operating reconciliation: $4,048,000.00Stock-based compensation expense → operating reconciliation: $3,379,000.00Amortization of debt discount and debt issuance costs → operating reconciliation: $1,706,000.00Non-cash project revenue related to in-kind leases → operating reconciliation: $686,000.00Unrealized foreign exchange loss (gain) → operating reconciliation: $644,000.00Amortization of intangible assets → operating reconciliation: $565,000.00Depreciation of property and equipment → operating reconciliation: $514,000.00Inventory, net → operating reconciliation: $285,000.00Accretion of ARO liabilities → operating reconciliation: $124,000.00Provision for credit losses → operating reconciliation: $7,000.00operating reconciliation → Unbilled revenue: $114,857,000.00operating reconciliation → Accounts payable, accrued expenses and other current liabilities: $23,373,000.00operating reconciliation → Federal ESPC receivable: $15,037,000.00operating reconciliation → Deferred revenue: $6,793,000.00operating reconciliation → Accounts receivable: $3,994,000.00operating reconciliation → Non-cash production tax credits recognized: $3,519,000.00operating reconciliation → Income taxes receivable, net: $2,842,000.00operating reconciliation → Unrealized loss (gain) from derivatives: $1,580,000.00operating reconciliation → Other assets: $1,153,000.00operating reconciliation → Deferred income taxes, net: $590,000.00operating reconciliation → Project development costs: $570,000.00operating reconciliation → Earnings from unconsolidated entities: $393,000.00operating reconciliation → Other liabilities: $334,000.00Net cash used in investing activities → investing reconciliation: $113,330,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $252,450,000.00Net cash from financing activities → Cash sources and uses: $218,716,000.00Cash sources and uses → Exchange-rate effect: $27,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $250,600,000.00Cash sources and uses → Net cash used in investing activities: $113,330,000.00Cash sources and uses → Net cash used in operating activities: $107,209,000.00Net income: $19,907,000.00Net income+$19.91 MDepreciation of energy assets, net: $29,052,000.00Energy asset depreciation+$29.05 MDepreciation of property and equipment: $514,000.00Depreciation expense+$514.00 KIncrease in contingent consideration: $0.00Accretion of ARO liabilities: $124,000.00Asset retirement accretion+$124.00 KAmortization of debt discount and debt issuance costs: $1,706,000.00Debt issuance cost amortization+$1.71 MAmortization of intangible assets: $565,000.00Intangible amortization+$565.00 KProvision for credit losses: $7,000.00Provision for credit losses+$7.00 KGain on disposal of assets: $0.00Energy asset impairment: $0.00Non-cash production tax credits recognized: -$3,519,000.00Non-cash production tax credits−$3.52 MNon-cash project revenue related to in-kind leases: $686,000.00Non-cash in-kind lease revenue+$686.00 KEarnings from unconsolidated entities: -$393,000.00Unconsolidated entity earnings−$393.00 KUnrealized loss (gain) from derivatives: -$1,580,000.00Derivative value change−$1.58 MStock-based compensation expense: $3,379,000.00Stock-based compensation+$3.38 MDeferred income taxes, net: -$590,000.00Deferred income taxes, net−$590.00 KUnrealized foreign exchange loss (gain): $644,000.00Unrealized FX gain & loss+$644.00 KAccounts receivable: -$3,994,000.00Accounts receivable−$3.99 MAccounts receivable retainage: $6,909,000.00Accounts receivable retainage+$6.91 MFederal ESPC receivable: -$15,037,000.00Federal ESPC receivable−$15.04 MInventory, net: $285,000.00Inventories+$285.00 KUnbilled revenue: -$114,857,000.00Contract assets−$114.86 MPrepaid expenses and other current assets: $4,048,000.00Prepaid & other assets+$4.05 MIncome taxes receivable, net: -$2,842,000.00Income taxes receivable−$2.84 MProject development costs: -$570,000.00Project development costs−$570.00 KOther assets: -$1,153,000.00Other operating assets−$1.15 MAccounts payable, accrued expenses and other current liabilities: -$23,373,000.00Payables & accrued liabilities−$23.37 MDeferred revenue: -$6,793,000.00Deferred revenue−$6.79 MOther liabilities: -$334,000.00Other noncurrent liabilities−$334.00 KNet cash used in operating activities: -$107,209,000.00. Cash required to fund net payments.Operating cash−$107.21 Moperating reconciliation: $175,035,000.00Payments on long-term corporate debt financings: -$1,813,000.00Secured debt repaid−$1.81 MProceeds from long-term corporate debt financings: $0.00Proceeds (payments) on senior secured revolving credit facility, net: $3,000,000.00Credit lines, net+$3.00 MProceeds from long-term energy asset debt financings: $52,162,000.00Long-term credit line borrowings+$52.16 MPayments on long-term energy asset debt and financing leases: -$83,028,000.00Debt & lease obligations repaid−$83.03 MProceeds from termination of interest rate swaps: $0.00Payments of debt discount and debt issuance costs: -$705,000.00Financing costs paid−$705.00 KProceeds from Federal ESPC projects: $21,527,000.00Federal ESPC proceeds+$21.53 MNet payments on energy asset receivable financing arrangements: -$192,000.00Energy receivable financing, net−$192.00 KProceeds from exercises of options and ESPP: $1,039,000.00Employee stock plans & options+$1.04 MContributions from non-controlling interests, net of fees: $228,429,000.00From noncontrolling interests+$228.43 MDistributions to non-controlling interest: -$1,081,000.00Paid to noncontrolling interests−$1.08 MInvestment fund call option exercise: -$622,000.00Redeemable minority buybacks−$622.00 KNet cash from financing activities: $218,716,000.00Financing cash+$218.72 Mfinancing reconciliation: $306,157,000.00Purchases of property and equipment: -$862,000.00PP&E purchases−$862.00 KCapital investments in energy assets: -$122,589,000.00Other capital spending−$122.59 MCapital investments in major maintenance of energy assets: -$10,125,000.00Energy asset major maintenance−$10.13 MProceeds from sale of investment tax credits: $20,411,000.00Investment tax credit sales+$20.41 MContributions to equity method investments: -$165,000.00Equity-method investments made−$165.00 KAcquisitions, net of cash received: $0.00Net cash used in investing activities: -$113,330,000.00. Cash required to fund net payments.Investing cash−$113.33 Minvesting reconciliation: $133,741,000.00Cash sources and uses: $471,166,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $252,450,000.00Beginning cash$252.45 MEnding cash: Cash, cash equivalents, and restricted cash: $250,600,000.00Ending cash$250.60 MExchange-rate effect: -$27,000.00FX effect−$27.00 KCASH RECONCILIATIONFinancingflowsInvestingflowsOperatingflowsFree cash flow−$108.07 MOperating cash − cash spent on PP&ECash flow / Net income−5.39×Operating cash flow ÷ net incomeNet cash change−$1.85 MEnding cash − beginning cash
Chart details

Ameresco, Inc. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026

Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 31, 2026
252,450,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
negative 107,209,000 US dollars. Net cash used.
Net income
19,907,000 US dollars
Depreciation of energy assets, net
29,052,000 US dollars
Depreciation of property and equipment
514,000 US dollars
Increase in contingent consideration
0 US dollars
Accretion of ARO liabilities
124,000 US dollars
Amortization of debt discount and debt issuance costs
1,706,000 US dollars
Amortization of intangible assets
565,000 US dollars
Provision for credit losses
7,000 US dollars
Gain on disposal of assets
0 US dollars
Energy asset impairment
0 US dollars
Non-cash production tax credits recognized
negative 3,519,000 US dollars
Non-cash project revenue related to in-kind leases
686,000 US dollars
Earnings from unconsolidated entities
negative 393,000 US dollars
Unrealized loss (gain) from derivatives
negative 1,580,000 US dollars
Stock-based compensation expense
3,379,000 US dollars
Deferred income taxes, net
negative 590,000 US dollars
Unrealized foreign exchange loss (gain)
644,000 US dollars
Accounts receivable
negative 3,994,000 US dollars
Accounts receivable retainage
6,909,000 US dollars
Federal ESPC receivable
negative 15,037,000 US dollars
Inventory, net
285,000 US dollars
Unbilled revenue
negative 114,857,000 US dollars
Prepaid expenses and other current assets
4,048,000 US dollars
Income taxes receivable, net
negative 2,842,000 US dollars
Project development costs
negative 570,000 US dollars
Other assets
negative 1,153,000 US dollars
Accounts payable, accrued expenses and other current liabilities
negative 23,373,000 US dollars
Deferred revenue
negative 6,793,000 US dollars
Other liabilities
negative 334,000 US dollars
Investing activities
negative 113,330,000 US dollars. Net cash used.
Purchases of property and equipment
negative 862,000 US dollars
Capital investments in energy assets
negative 122,589,000 US dollars
Capital investments in major maintenance of energy assets
negative 10,125,000 US dollars
Proceeds from sale of investment tax credits
20,411,000 US dollars
Contributions to equity method investments
negative 165,000 US dollars
Acquisitions, net of cash received
0 US dollars
Financing activities
218,716,000 US dollars. Net cash provided.
Payments on long-term corporate debt financings
negative 1,813,000 US dollars
Proceeds from long-term corporate debt financings
0 US dollars
Proceeds (payments) on senior secured revolving credit facility, net
3,000,000 US dollars
Proceeds from long-term energy asset debt financings
52,162,000 US dollars
Payments on long-term energy asset debt and financing leases
negative 83,028,000 US dollars
Proceeds from termination of interest rate swaps
0 US dollars
Payments of debt discount and debt issuance costs
negative 705,000 US dollars
Proceeds from Federal ESPC projects
21,527,000 US dollars
Net payments on energy asset receivable financing arrangements
negative 192,000 US dollars
Proceeds from exercises of options and ESPP
1,039,000 US dollars
Contributions from non-controlling interests, net of fees
228,429,000 US dollars
Distributions to non-controlling interest
negative 1,081,000 US dollars
Investment fund call option exercise
negative 622,000 US dollars
Operating adjustment reconciliation
175,035,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
306,157,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
133,741,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 27,000 US dollars
Ending cash on Jun 30, 2026
250,600,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
471,166,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 1,850,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
−5.39×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
negative 107,209,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
862,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 108,071,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income or operating cash is negative. The full signed reconciliation is retained: losses remain deductions, and any negative operating-cash total enters the junction from the cash pool. No positive direct-income connection is implied.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: negative 107,209,000 US dollars minus 862,000 US dollars equals negative 108,071,000 US dollars.
Ameresco, Inc. (AMRC) FY2026 Q2 Statement of Cash Flows Sankey chart
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