HA Sustainable Infrastructure Capital (HASI) FY2019 results: revenue $142 million, up 1.6% on the year
HA Sustainable Infrastructure Capital, Inc. (HASI) reported revenue of $142 million for fiscal 2019, the year ended 31 December 2019, up 1.6% on the year before. Net income was $82 million, up 96.2%, and diluted earnings per share $1.24. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2020.
Revenue
$142 million
+1.6% on the year
FY2013FY2019
Operating margin
n/a
FY2013FY2019
Net income
$82 million
+96.2% on the year
FY2013FY2019
Diluted EPS
$1.24
+65.3% on the year
FY2013FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
142
139
106
+1.6%
Interest expense
64.2
76.9
65.5
-16.4%
Pre-tax income
90.0
43.9
31.9
+104.9%
Income tax
8.1
2.1
0.9
+277.7%
Effective tax rate
9.0%
4.9%
2.8%
Net income
81.6
41.6
30.9
+96.2%
Net margin
57.6%
29.8%
29.1%
Diluted EPS
$1.24
$0.75
$0.57
+65.3%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
29.5
58.8
11.7
-49.8%
Cash from investing
-201
50.8
-298
Cash from financing
219
-168
345
Depreciation and amortisation
3.6
4.5
3.5
-20.6%
Share-based compensation
14.2
10.1
11.3
+40.7%
Dividends paid
86.4
71.0
68.2
+21.7%
Diluted shares, weighted
65m
53m
50m
+22.7%
Shares outstanding at period end
66m
61m
52m
+9.6%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
940
805
643
+16.8%
Debt
1,393
1,242
1,428
+12.2%
Other liabilities
54.4
109
179
-50.0%
Total liabilities and equity
2,387
2,155
2,250
+10.8%
Intangible assets
93.0
96.0
94.0
-3.1%
Securities held for sale or to maturity
74.5
170
151
-56.2%
Loans
n/a
n/a
993
Cash and equivalents
6.2
21.4
57.3
-71.0%
Other assets
2,214
1,867
955
+18.5%
Total assets
2,387
2,155
2,250
+10.8%
10-K for the year ended 31 December 2019, filed 25 February 2020: the filing.