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Ormat Technologies (ORA) FY2008 results: revenue $344 million

Ormat Technologies, Inc. (ORA) reported revenue of $344 million for fiscal 2008, the year ended 31 December 2008. Net income was $44 million, and diluted earnings per share $0.98. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2011.

Revenue
$344 million
FY2008FY2008
Operating margin
14.7%
FY2008FY2008
Net income
$44 million
FY2008FY2008
Diluted EPS
$0.98
FY2008FY2008

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ millionFY2008Last 8 years
Revenue344
Cost of revenue242
Gross profit102
Gross margin29.6%
Research and development4.6
Operating income50.7
Operating margin14.7%
Interest expense14.9
Pre-tax income49.1
Income tax5.3
Effective tax rate10.8%
Net income43.6
Net margin12.7%
Diluted EPS$0.98
$ 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

$ millionFY2008Last 8 years
Operating cash flow117
Capital expenditure417
Free cash flow-300
Free cash flow margin-87.1%
Cash from investing-399
Cash from financing269
Depreciation and amortisation60.1
Share-based compensation4.4
Dividends paid8.9
Dividend per share$0.20
Diluted shares, weighted44m

Balance sheet

$ millionFY2008Last 8 years
Shareholders' equity847
Cash and equivalents34.4

10-K for the year ended 31 December 2008, filed 28 February 2011: the filing.