ORMAT TECHNOLOGIES, INC. PP&E Disclosure
| Years | ||||||||||||||
| Buildings | 25 | |||||||||||||
| Leasehold improvements | 15 | - | 30 | |||||||||||
| Machinery and equipment — manufacturing and drilling | 5 | - | 10 | |||||||||||
| Machinery and equipment — computers | 3 | - | 5 | |||||||||||
| Energy storage equipment | 8 | - | 20 | |||||||||||
| Solar facility equipment | 30 | |||||||||||||
| Office equipment — furniture and fixtures | 5 | - | 15 | |||||||||||
| Office equipment — other | 5 | - | 10 | |||||||||||
| Vehicles | 5 | - | 7 | |||||||||||
| December 31, | |||||||||||
| 2025 | 2024 | ||||||||||
| (Dollars in thousands) | |||||||||||
| Land owned by the Company where the geothermal resource is located | $ | 56,070 | $ | 51,500 | |||||||
| Leasehold improvements | 18,311 | 12,746 | |||||||||
| Machinery and equipment | 419,231 | 389,252 | |||||||||
Buildings and office equipment | 157,534 | 145,272 | |||||||||
| Vehicles | 21,078 | 20,159 | |||||||||
| Energy storage equipment | 522,610 | 324,065 | |||||||||
| Solar facility equipment | 95,036 | 97,502 | |||||||||
| Geothermal and recovered energy generation power plants, including geothermal wells and exploration and resource development costs: | |||||||||||
| United States of America, net of cash grants | 3,708,110 | 3,585,209 | |||||||||
| Foreign countries | 959,613 | 919,680 | |||||||||
| Asset retirement cost | 54,002 | 59,831 | |||||||||
Total cost of property, plant and equipment | 6,011,595 | 5,605,216 | |||||||||
| Less accumulated depreciation | (2,339,026) | (2,103,330) | |||||||||
| Property, plant and equipment, net | $ | 3,672,569 | $ | 3,501,886 | |||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Feb 27, 2025 | |
| 2023 | Feb 23, 2024 | |
| 2022 | Feb 24, 2023 | |
| 2021 | Feb 25, 2022 | |
| 2020 | Feb 26, 2021 | |
| 2019 | Mar 2, 2020 | |
| 2018 | Mar 1, 2019 | |
| 2017 | Mar 16, 2018 | |
| 2016 | Mar 1, 2017 | |
| 2015 | Feb 26, 2016 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.