2021 Q4 Form 10-K Financial Statement

#000182872322000015 Filed on March 24, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $21.58M $71.80M $11.27M
YoY Change 91.55% 58.58%
Cost Of Revenue $4.024M $14.03M $2.633M
YoY Change 52.83% 45.21%
Gross Profit $17.55M $57.77M $8.632M
YoY Change 103.36% 62.2%
Gross Profit Margin 81.35% 80.46% 76.63%
Selling, General & Admin $4.731M $16.92M $3.032M
YoY Change 56.04% 66.77%
% of Gross Profit 26.95% 29.28% 35.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.800M $21.50M $3.522M
YoY Change 93.07% 80.67%
% of Gross Profit 38.74% 37.22% 40.8%
Operating Expenses $11.13M $37.76M $6.554M
YoY Change 69.84% 15.29%
Operating Profit $6.423M $34.04M $2.078M
YoY Change 209.1% 171.75%
Interest Expense -$5.971M $400.0K -$3.730M
YoY Change 60.08% -102.84%
% of Operating Profit -92.96% 1.18% -179.5%
Other Income/Expense, Net $3.274M -$20.74M -$154.0K
YoY Change -2225.97% 44.74%
Pretax Income $16.27M $13.30M -$2.381M
YoY Change -783.12% -837.25%
Income Tax $1.792M $295.0K $964.0K
% Of Pretax Income 11.02% 2.22%
Net Earnings $7.188M $5.906M -$3.011M
YoY Change -338.72% -13.06%
Net Earnings / Revenue 33.31% 8.23% -26.73%
Basic Earnings Per Share $0.06
Diluted Earnings Per Share $46.78K $0.06 -$19.60K
COMMON SHARES
Basic Shares Outstanding 92.75M shares
Diluted Shares Outstanding 96.60M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $326.0M $326.0M
YoY Change 863.53%
Cash & Equivalents $326.0M $625.9K
Short-Term Investments
Other Short-Term Assets $6.659M $9.203M $1.748M
YoY Change 280.95% 76.54%
Inventory
Prepaid Expenses
Receivables $9.218M $9.218M $5.752M
Other Receivables $0.00 $0.00
Total Short-Term Assets $344.4M $344.4M $44.80M
YoY Change 668.81% 668.81%
LONG-TERM ASSETS
Property, Plant & Equipment $745.7M $745.7M $519.4M
YoY Change 43.57% 43.57%
Goodwill $601.0K $0.00
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.638M $5.831M $4.702M
YoY Change -1.36% 3.92%
Total Long-Term Assets $768.8M $768.8M $536.8M
YoY Change 43.24% 43.24%
TOTAL ASSETS
Total Short-Term Assets $344.4M $344.4M $44.80M
Total Long-Term Assets $768.8M $768.8M $536.8M
Total Assets $1.113B $1.113B $581.6M
YoY Change 91.42% 91.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.591M $3.591M $1.571M
YoY Change 128.58% 128.58%
Accrued Expenses $4.494M $4.494M $96.85K
YoY Change 4540.17% 68.63%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $21.14M $21.14M $35.21M
YoY Change -39.95% -39.95%
Total Short-Term Liabilities $32.89M $32.89M $43.45M
YoY Change -24.3% -24.3%
LONG-TERM LIABILITIES
Long-Term Debt $524.8M $524.8M $353.9M
YoY Change 48.29% 48.29%
Other Long-Term Liabilities $5.587M $204.4M $6.774M
YoY Change -17.52% 1188.08%
Total Long-Term Liabilities $530.4M $729.2M $360.7M
YoY Change 47.05% 97.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $32.89M $32.89M $43.45M
Total Long-Term Liabilities $530.4M $729.2M $360.7M
Total Liabilities $771.7M $808.3M $424.3M
YoY Change 81.9% 77.04%
SHAREHOLDERS EQUITY
Retained Earnings -$101.4M -$80.80M
YoY Change 25.44%
Common Stock $15.00K $9.000K
YoY Change 66.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $304.9M $304.9M $125.0M
YoY Change
Total Liabilities & Shareholders Equity $1.113B $1.113B $581.6M
YoY Change 91.42% 91.42%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $7.188M $5.906M -$3.011M
YoY Change -338.72% -13.06%
Depreciation, Depletion And Amortization $6.800M $21.50M $3.522M
YoY Change 93.07% 80.67%
Cash From Operating Activities $5.456M $23.70M -$293.0K
YoY Change -1962.12% 92.78%
INVESTING ACTIVITIES
Capital Expenditures -$4.330M $14.59M -$8.400M
YoY Change -48.45% -60.23%
Acquisitions $201.2M
YoY Change 81.74%
Other Investing Activities -$5.427M $36.00K -$116.0M
YoY Change -95.32% -112.0%
Cash From Investing Activities -$9.757M -$223.3M -$124.4M
YoY Change -92.16% 30.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $160.5M
YoY Change 187.85%
Cash From Financing Activities 295.4M $491.7M 125.7M
YoY Change 134.99% 197.77%
NET CHANGE
Cash From Operating Activities 5.456M $23.70M -293.0K
Cash From Investing Activities -9.757M -$223.3M -124.4M
Cash From Financing Activities 295.4M $491.7M 125.7M
Net Change In Cash 291.1M $292.1M 1.015M
YoY Change 28584.14% 4713.23%
FREE CASH FLOW
Cash From Operating Activities $5.456M $23.70M -$293.0K
Capital Expenditures -$4.330M $14.59M -$8.400M
Free Cash Flow $9.786M $9.119M $8.107M
YoY Change 20.71% -137.4%

Facts In Submission

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CY2021 us-gaap Unrealized Gain Loss On Derivatives
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324000 USD
CY2020 us-gaap Unrealized Gain Loss On Derivatives
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CY2020 us-gaap Amortization Of Financing Costs And Discounts
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CY2021 us-gaap Gains Losses On Extinguishment Of Debt
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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219000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
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CY2021 us-gaap Amortization Of Financing Costs And Discounts
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CY2020 us-gaap Gains Losses On Extinguishment Of Debt
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CY2021 us-gaap Fair Value Adjustment Of Warrants
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CY2020 us-gaap Fair Value Adjustment Of Warrants
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CY2021 amps Gain Loss In Fair Value Change Of Alignment Shares Liability
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CY2020 amps Gain Loss In Fair Value Change Of Alignment Shares Liability
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CY2021 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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CY2020 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2020 us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2021 us-gaap Share Based Compensation
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CY2020 us-gaap Share Based Compensation
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CY2021 us-gaap Other Operating Activities Cash Flow Statement
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CY2020 us-gaap Other Operating Activities Cash Flow Statement
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CY2020 us-gaap Increase Decrease In Accounts Receivable
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CY2021 us-gaap Increase Decrease In Due From Related Parties
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CY2020 us-gaap Increase Decrease In Due From Related Parties
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CY2021 us-gaap Increase Decrease In Other Operating Assets
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4647000 USD
CY2020 us-gaap Increase Decrease In Other Operating Assets
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CY2021 us-gaap Increase Decrease In Accounts Payable
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2001000 USD
CY2020 us-gaap Increase Decrease In Accounts Payable
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CY2021 us-gaap Increase Decrease In Interest Payable Net
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CY2020 us-gaap Increase Decrease In Interest Payable Net
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CY2021 us-gaap Increase Decrease In Other Operating Liabilities
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CY2020 us-gaap Increase Decrease In Other Operating Liabilities
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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CY2020 us-gaap Net Cash Provided By Used In Operating Activities
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CY2020 us-gaap Payments To Acquire Business Two Net Of Cash Acquired
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CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2021 us-gaap Payments To Acquire Property Plant And Equipment
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CY2020 us-gaap Payments To Acquire Property Plant And Equipment
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CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2021 us-gaap Payments To Acquire Business Two Net Of Cash Acquired
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CY2021 amps Payments For Customer And Site Lease Acquisitions
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CY2020 amps Payments For Customer And Site Lease Acquisitions
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CY2021 us-gaap Payments For Proceeds From Other Investing Activities
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CY2020 us-gaap Payments For Proceeds From Other Investing Activities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2020 us-gaap Repayments Of Long Term Debt
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CY2020 us-gaap Payments Of Dividends Common Stock
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CY2020 us-gaap Payments Of Debt Issuance Costs
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CY2020 us-gaap Payments Of Debt Extinguishment Costs
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CY2021 amps Proceeds From Business Merger
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CY2020 amps Proceeds From Business Merger
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CY2021 amps Payment For Business Merger Transaction Costs
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CY2020 amps Payment For Business Merger Transaction Costs
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CY2021 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
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CY2020 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
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31500000 USD
CY2021 us-gaap Payments Of Stock Issuance Costs
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CY2020 us-gaap Payments Of Stock Issuance Costs
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CY2021Q4 us-gaap Restricted Cash Noncurrent
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CY2021 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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CY2020 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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CY2021 us-gaap Payment For Contingent Consideration Liability Financing Activities
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CY2020 us-gaap Payment For Contingent Consideration Liability Financing Activities
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501000 USD
CY2021 us-gaap Proceeds From Minority Shareholders
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CY2020 us-gaap Proceeds From Minority Shareholders
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CY2021 amps Redemption Of Noncontrolling Interests
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CY2020 amps Redemption Of Noncontrolling Interests
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CY2021 us-gaap Payments To Minority Shareholders
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CY2020 us-gaap Payments To Minority Shareholders
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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292115000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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6069000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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330321000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021 us-gaap Interest Paid Capitalized
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CY2020 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
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CY2021 us-gaap Income Taxes Paid Net
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103000 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
38000 USD
CY2021 us-gaap Increase Decrease In Asset Retirement Obligations
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3024000 USD
CY2020 us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
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CY2021 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
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CY2020 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
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16020000 USD
CY2021 amps Proceeds From Initial Recording Of Noncontrolling Interests
ProceedsFromInitialRecordingOfNoncontrollingInterests
4569000 USD
CY2020 amps Proceeds From Initial Recording Of Noncontrolling Interests
ProceedsFromInitialRecordingOfNoncontrollingInterests
9400000 USD
CY2021 amps Proceeds From Contribution Of Noncontrolling Interest From Common Equity Stockholder
ProceedsFromContributionOfNoncontrollingInterestFromCommonEquityStockholder
0 USD
CY2020 amps Proceeds From Contribution Of Noncontrolling Interest From Common Equity Stockholder
ProceedsFromContributionOfNoncontrollingInterestFromCommonEquityStockholder
1389000 USD
CY2021 us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
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234000 USD
CY2020 us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
635000 USD
CY2021 amps Noncash Or Part Noncash Acquisition Business Combination Contingent Consideration Obligations At Fair Value
NoncashOrPartNoncashAcquisitionBusinessCombinationContingentConsiderationObligationsAtFairValue
0 USD
CY2021 amps Stockholders Percentage Of Voting Interest
StockholdersPercentageOfVotingInterest
0.50
CY2020 amps Noncash Or Part Noncash Acquisition Business Combination Contingent Consideration Obligations At Fair Value
NoncashOrPartNoncashAcquisitionBusinessCombinationContingentConsiderationObligationsAtFairValue
5100000 USD
CY2021 amps Noncash Or Part Noncash Acquisition Accrued Dividends And Commitment Fees On Preferred Stock
NoncashOrPartNoncashAcquisitionAccruedDividendsAndCommitmentFeesOnPreferredStock
0 USD
CY2020 amps Noncash Or Part Noncash Acquisition Accrued Dividends And Commitment Fees On Preferred Stock
NoncashOrPartNoncashAcquisitionAccruedDividendsAndCommitmentFeesOnPreferredStock
4163000 USD
CY2021 us-gaap Nature Of Operations
NatureOfOperations
General<div style="margin-bottom:7pt;margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:129%">Company Overview</span></div><div style="margin-bottom:9pt;margin-top:7pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:129%">Altus Power, Inc., a Delaware corporation (the “</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:129%">Company</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:129%">” or "</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:129%">Altus</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:129%">"), headquartered in Stamford, Connecticut, develops, owns, constructs and operates small-scale utility, commercial, industrial, public sector and community photovoltaic solar energy generation and storage facilities for the purpose of producing and selling electricity to credit worthy counterparties under long-term contracts. The Solar energy facilities are owned by the Company in project specific limited liability companies (the “</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:129%">Solar Facility Subsidiaries</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:129%">”).</span></div><div style="margin-bottom:9pt;margin-top:7pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:129%">On December 9, 2021 (the "</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:129%">Closing Date</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:129%">"), CBRE Acquisition Holdings, Inc. ("</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:129%">CBAH</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:129%">"), a special purpose acquisition company, consummated the business combination pursuant to the terms of the business combination agreement entered into on July 12, 2021 (the "</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:129%">Business Combination Agreement</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:129%">"), whereby, among other things, CBAH Merger Sub I, Inc. ("</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:129%">First Merger Sub</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:129%">") merged with and into Altus Power, Inc. (f/k/a Altus Power America, Inc.) ("</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:129%">Legacy Altus</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:129%">") with Legacy Altus continuing as the surviving corporation, and immediately thereafter Legacy Altus merged with and into CBAH Merger Sub II, Inc. ("</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:129%">Second Merger Sub</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:129%">") with Second Merger Sub continuing as the surviving entity and as a wholly owned subsidiary of CBAH (together with the merger with the First Merger sub, the “</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:129%">Merger</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:129%">”). In connection with the closing of the Merger, CBAH changed its name to "Altus Power, Inc."</span></div><div style="margin-bottom:7pt;margin-top:0.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:129%">COVID-19</span></div><div style="margin-bottom:9pt;margin-top:7pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:129%">The spike of a novel strain coronavirus (“</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:129%">COVID-19</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:129%">”) in the first quarter of 2020 caused significant volatility in the U.S. markets that remain ongoing. There is significant uncertainty around the breadth and duration of business disruptions and restrictions related to COVID-19, as well as its impact on the U.S. economy. To date, there has not been a material impact on the Company’s business operations and financial performance. The extent of the impact of COVID-19 on the Company’s operational and financial performance will depend in part, on the length and severity of these restrictions and on the Company’s ability to conduct business in the ordinary course.</span></div>
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:7pt;margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:129%">Use of Estimates</span></div><div style="margin-bottom:9pt;margin-top:6.85pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:129%">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ materially from those estimates.</span></div><div style="margin-bottom:9pt;margin-top:7pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:129%">In recording transactions and balances resulting from business operations, the Company uses estimates based on the best information available. Estimates are used for such items as the fair value of net assets acquired in connection with accounting for business combinations, the useful lives of the solar energy facilities, and inputs and assumptions used in the valuation of asset retirement obligations (“</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:129%">AROs</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:129%">”), contingent considerations, and alignment shares.</span></div>
CY2021Q4 us-gaap Cash
Cash
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CY2020Q4 us-gaap Cash
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33832000 USD
CY2021Q4 us-gaap Restricted Cash Current
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2544000 USD
CY2020Q4 us-gaap Restricted Cash Current
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3465000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
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801205000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
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554576000 USD
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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0.70
CY2020Q4 us-gaap Restricted Cash Noncurrent
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909000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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330321000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
38206000 USD
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
400000 USD
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:7pt;margin-top:0.05pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:129%">Concentration of Credit Risk</span></div><div style="margin-bottom:9pt;margin-top:6.85pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:129%">The Company maintains its cash in bank deposit accounts which, at times, may exceed Federal Deposit Insurance Corporation insurance limits. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk on cash balances.</span></div>
CY2021Q4 us-gaap Long Term Debt Fair Value
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562100000 USD
CY2020Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
400900000 USD
CY2021Q4 us-gaap Contingent Consideration Classified As Equity Fair Value Disclosure
ContingentConsiderationClassifiedAsEquityFairValueDisclosure
2800000 USD
CY2020Q4 us-gaap Contingent Consideration Classified As Equity Fair Value Disclosure
ContingentConsiderationClassifiedAsEquityFairValueDisclosure
0 USD
CY2021Q4 amps Alignment Shares Outstanding
AlignmentSharesOutstanding
1408750 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.014
CY2021Q4 amps Class Of Warrants Or Rights Redeemable Warrant Liability
ClassOfWarrantsOrRightsRedeemableWarrantLiability
47600000 USD
CY2021Q4 amps Class Of Warrants Or Rights Redeemable Warrant Liability
ClassOfWarrantsOrRightsRedeemableWarrantLiability
49900000 USD
CY2021 us-gaap Fair Value Adjustment Of Warrants
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2300000 USD
CY2021Q4 amps Alignment Shares Liability
AlignmentSharesLiability
132500000 USD
CY2021Q4 amps Alignment Shares Liability
AlignmentSharesLiability
127500000 USD
CY2021 amps Gain Loss In Fair Value Change Of Alignment Shares Liability
GainLossInFairValueChangeOfAlignmentSharesLiability
5000000 USD
amps Payments Of Reverse Recapitalization Deferred Tax Assets
PaymentsOfReverseRecapitalizationDeferredTaxAssets
159000 USD
CY2021 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 USD
CY2020 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 USD
amps Payments Of Reverse Recapitalization Non Cash Fair Value Of Assumed Redeemable Warrants
PaymentsOfReverseRecapitalizationNonCashFairValueOfAssumedRedeemableWarrants
47601000 USD
amps Payments Of Reverse Recapitalization Non Cash Fair Value Of Assumed Alignment Shares
PaymentsOfReverseRecapitalizationNonCashFairValueOfAssumedAlignmentShares
132487000 USD
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
990000000 shares
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
42500000 shares
CY2021Q4 amps Stock Repurchased During Period Price Per Share
StockRepurchasedDuringPeriodPricePerShare
10.00
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
425000000 USD
amps Cash Acquired Through Reverse Recapitalization
CashAcquiredThroughReverseRecapitalization
212458000 USD
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
425000000 USD
amps Payments Of Reverse Recapitalization Noncash Or Part Noncash Acquisitions Value Of Liabilities Assumed
PaymentsOfReverseRecapitalizationNoncashOrPartNoncashAcquisitionsValueOfLiabilitiesAssumed
186000 USD
amps Payments Of Reverse Recapitalization Transaction Costs And Advisory Fees
PaymentsOfReverseRecapitalizationTransactionCostsAndAdvisoryFees
55620000 USD
amps Proceeds From Reverse Recapitalization Transaction
ProceedsFromReverseRecapitalizationTransaction
401723000 USD
us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
186000 USD
amps Reverse Recapitalization Deferred Tax Assets
ReverseRecapitalizationDeferredTaxAssets
159000 USD
amps Reverse Recapitalization Non Cash Fair Value Of Assumed Redeemable Warrants
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