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

- Company: Ameresco, Inc. (AMRC)
- Period: 2026-04-01 to 2026-06-30
- Filing: Q2 FY2026 10-Q, filed 2026-08-04, accession number 0001628280-26-052190
- Page: https://plicit.ai/financials/amrc/fy2026-q2-cash-flow
- Chart image: https://plicit.ai/charts/amrc-fy2026-q2-cash-flow-sankey.png

## Chart details

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.