HA Sustainable Infrastructure Capital (HASI) FY2018 results: revenue $139 million, up 31.5% on the year
HA Sustainable Infrastructure Capital, Inc. (HASI) reported revenue of $139 million for fiscal 2018, the year ended 31 December 2018, up 31.5% on the year before. Net income was $42 million, up 34.7%, and diluted earnings per share $0.75. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2019.
Revenue
$139 million
+31.5% on the year
FY2013FY2018
Operating margin
n/a
FY2013FY2018
Net income
$42 million
+34.7% on the year
FY2013FY2018
Diluted EPS
$0.75
+31.6% on the year
FY2013FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
139
106
81.2
+31.5%
Interest expense
76.9
65.5
45.2
+17.4%
Pre-tax income
43.9
31.9
14.9
+37.7%
Income tax
2.1
0.9
0.1
+142.3%
Effective tax rate
4.9%
2.8%
0.9%
Net income
41.6
30.9
14.7
+34.7%
Net margin
29.8%
29.1%
18.0%
Diluted EPS
$0.75
$0.57
$0.32
+31.6%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
58.8
11.7
56.9
+401.8%
Cash from investing
50.8
-298
-191
Cash from financing
-168
345
114
Depreciation and amortisation
4.5
3.5
7.7
+27.5%
Share-based compensation
10.1
11.3
10.1
-11.0%
Dividends paid
71.0
68.2
49.5
+4.0%
Diluted shares, weighted
53m
50m
40m
+4.8%
Shares outstanding at period end
61m
52m
46m
+17.1%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
805
643
574
+25.2%
Debt
1,242
1,428
975
-13.1%
Other liabilities
109
179
196
-39.3%
Total liabilities and equity
2,155
2,250
1,746
-4.2%
Intangible assets
96.0
94.0
27.0
+2.1%
Securities held for sale or to maturity
170
151
n/a
+12.4%
Loans
n/a
993
1,042
Cash and equivalents
21.4
57.3
29.4
-62.6%
Other assets
1,867
955
647
+95.6%
Total assets
2,155
2,250
1,746
-4.2%
10-K for the year ended 31 December 2018, filed 22 February 2019: the filing.