HA Sustainable Infrastructure Capital (HASI) FY2020 results: revenue $187 million, up 32.0% on the year
HA Sustainable Infrastructure Capital, Inc. (HASI) reported revenue of $187 million for fiscal 2020, the year ended 31 December 2020, up 32.0% on the year before. Net income was $82 million, up 1.0%, and diluted earnings per share $1.10. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2021.
Revenue
$187 million
+32.0% on the year
FY2013FY2020
Operating margin
n/a
FY2013FY2020
Net income
$82 million
+1.0% on the year
FY2013FY2020
Diluted EPS
$1.10
-11.3% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
187
142
139
+32.0%
Interest expense
92.2
64.2
76.9
+43.5%
Pre-tax income
80.0
90.0
43.9
-11.2%
Income tax
-2.8
8.1
2.1
Effective tax rate
-3.5%
9.0%
4.9%
Net income
82.4
81.6
41.6
+1.0%
Net margin
44.1%
57.6%
29.8%
Diluted EPS
$1.10
$1.24
$0.75
-11.3%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
73.3
29.5
58.8
+148.5%
Cash from investing
-832
-201
50.8
Cash from financing
962
219
-168
+339.6%
Depreciation and amortisation
3.6
3.6
4.5
-0.4%
Share-based compensation
16.8
14.2
10.1
+18.6%
Dividends paid
99.9
86.4
71.0
+15.6%
Diluted shares, weighted
74m
65m
53m
+14.8%
Shares outstanding at period end
76m
66m
61m
+15.3%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
1,210
940
805
+28.8%
Debt
2,189
1,393
1,242
+57.1%
Other liabilities
59.9
54.4
109
+10.3%
Total liabilities and equity
3,459
2,387
2,155
+44.9%
Intangible assets
90.0
93.0
96.0
-3.2%
Securities held for sale or to maturity
55.4
74.5
170
-25.7%
Cash and equivalents
286
6.2
21.4
+4,511.0%
Other assets
3,027
2,214
1,867
+36.8%
Total assets
3,459
2,387
2,155
+44.9%
10-K for the year ended 31 December 2020, filed 22 February 2021: the filing.