Altus Power Inc

NYSE:AMPSUnited States

04:30 PM EST, 11/12/2024 (MT Newswires) -- ...

------------- ------------ Cash flows provided by financing activities Proceeds from issuance of long-term debt 211,451 311,642 Repayment of long-term debt (94,782) (41,900) Payment of debt issuance costs (1,232) (2,969) Payment of deferred purchase price payable (8,102) (4,531) Payment of contingent consideration (5,793) -- Contributions from noncontrolling interests 16,176 8,347 Redemption of noncontrolling interests (3,191) -- Redemption of redeemable noncontrolling interests -- (3,224) Distributions to noncontrolling interests (4,300) (3,326) Proceeds from transfer of investment tax credits related to noncontrolling interests 23,427 -- ------------- ------------ Net cash provided by financing activities 133,654 264,039 ------------- ------------ Net decrease in cash, cash equivalents, and restricted cash (107,600) (115,410) Cash, cash equivalents, and restricted cash, beginning of period 218,927 199,398 ------------- ------------ Cash, cash equivalents, and restricted cash, end of period $ 111,327 $ 83,988 ============= ============ Nine months ended September 30, --------------------------------------- 2024 2023 --- ------------ ---------------- Supplemental cash flow disclosure Cash paid for interest $ 46,556 $ 25,017 Cash paid for taxes 34 85 Non-cash investing and financing activities Asset retirement obligations $ 1,792 $ 4,291 Debt assumed through acquisitions -- 7,883 Noncontrolling interest assumed through acquisitions 2,100 13,500 Redeemable noncontrolling interest assumed through acquisitions (100) 11,341 Accrued distributions to noncontrolling interests 1,018 -- Acquisitions of property and equipment included in construction payable -- 1,730 Conversion of Alignment Shares into common stock 10 11 Deferred purchase price payable -- 7,606