HA Sustainable Infrastructure Capital (HASI) FY2017 results: revenue $106 million, up 30.5% on the year
HA Sustainable Infrastructure Capital, Inc. (HASI) reported revenue of $106 million for fiscal 2017, the year ended 31 December 2017, up 30.5% on the year before. Net income was $31 million, up 110.6%, and diluted earnings per share $0.57. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2018.
Revenue
$106 million
+30.5% on the year
FY2013FY2017
Operating margin
n/a
FY2013FY2017
Net income
$31 million
+110.6% on the year
FY2013FY2017
Diluted EPS
$0.57
+78.1% on the year
FY2013FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
106
81.2
58.7
+30.5%
Interest expense
65.5
45.2
26.4
+44.7%
Pre-tax income
31.9
14.9
8.2
+114.3%
Income tax
0.9
0.1
0.1
+527.7%
Effective tax rate
2.8%
0.9%
1.4%
Net income
30.9
14.7
8.0
+110.6%
Net margin
29.1%
18.0%
13.6%
Diluted EPS
$0.57
$0.32
$0.21
+78.1%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
11.7
56.9
18.5
-79.4%
Cash from investing
-298
-191
n/a
Cash from financing
345
114
n/a
+203.6%
Depreciation and amortisation
3.5
7.7
4.0
-53.6%
Share-based compensation
11.3
10.1
10.6
+12.4%
Dividends paid
68.2
49.5
31.6
+37.9%
Diluted shares, weighted
50m
40m
31m
+25.0%
Shares outstanding at period end
52m
46m
37m
+11.1%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
643
574
432
+11.9%
Debt
1,428
975
911
+46.4%
Other liabilities
179
196
126
-8.7%
Total liabilities and equity
2,250
1,746
1,470
+28.9%
Intangible assets
94.0
27.0
26.9
+248.1%
Securities held for sale or to maturity
151
n/a
n/a
Loans
993
1,042
784
-4.7%
Cash and equivalents
57.3
29.4
42.6
+94.6%
Other assets
955
647
616
+47.5%
Total assets
2,250
1,746
1,470
+28.9%
10-K for the year ended 31 December 2017, filed 23 February 2018: the filing.