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Table of Contents
<br />See accompanying notes to consolidated financial statements.
<br />AMERESCO, INC.
<br />CONSOLIDATED STATEMENTS OF CASH FLOWS
<br />(In thousands) (Continued)
<br />Cash flows from financing activities:
<br />Proceeds from equity offering, net of offering costs
<br />Payments of debt discount and debt issuance costs
<br />Proceeds from exercises of options and ESPP
<br />Payment of contingent consideration
<br />(Payments on) proceeds from senior secured revolving credit facility, net
<br />Proceeds from long-term debt financings
<br />Proceeds from Federal ESPC projects
<br />Net proceeds from energy asset receivable financing arrangements
<br />Investment fund call option exercise
<br />Contributions from non -controlling interest
<br />Distributions to non -controlling interest
<br />(Distributions to) proceeds from redeemable non -controlling interests, net
<br />Payments on long-term debt and financing leases
<br />Cash flows from financing activities
<br />Effect of exchange rate changes on cash
<br />Net increase (decrease) in cash, cash equivalents, and restricted cash
<br />Cash, cash equivalents, and restricted cash, beginning of year
<br />Cash, cash equivalents, and restricted cash, end of year
<br />Year Ended December 31,
<br />2023 2022 2021
<br />120,084
<br />(9,315) (3,695) (2,919)
<br />4,455 5,963 6,927
<br />(1,866)
<br />(43,000) 137,900 (8,073)
<br />843,498 468,476 185,994
<br />154,338 238,360 159,216
<br />14,512 14,341 2,033
<br />839 1 000
<br />( )
<br />( , )
<br />3,738
<br />32,706
<br />-
<br />(21,842)
<br />(658)
<br />(1,128)
<br />1,399
<br />(303,057)
<br />(161,857)
<br />(98,200)
<br />640,803
<br />730,227
<br />365,461
<br />(81)
<br />(747)
<br />309
<br />3,788
<br />62,834
<br />(11,783)
<br />149,888
<br />87,054
<br />98,837
<br />$ 153,676 $
<br />149,888 $
<br />87,054
<br />Supplemental disclosures of cash flow information:
<br />Cash paid for interest
<br />$
<br />80,251
<br />$ 32,954
<br />$ 18,782
<br />Cash paid for income taxes
<br />$
<br />3,834
<br />$ 7,278
<br />$ 2,670
<br />Non -cash Federal ESPC settlement
<br />$
<br />99,164
<br />$ 293,427
<br />$ 67,286
<br />Accrued purchases of energy assets
<br />$
<br />78,382
<br />$ 88,793
<br />$ 37,064
<br />Non -cash contributions from non -controlling interest
<br />$
<br />464
<br />$ 16,206
<br />$ -
<br />Non -cash financing for energy asset project acquisition
<br />$
<br />82,964
<br />$ -
<br />$ -
<br />Non -cash portion of investment fund call option exercise
<br />$
<br />-
<br />$ 1,323
<br />$ 2,759
<br />See accompanying notes to consolidated financial statements.
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