Enphase Energy, Inc. (ENPH) financial statements (2020 and earlier)

Company profile

Business Address 47281 BAYSIDE PARKWAY
FREMONT, CA 94538
State of Incorp. DE
Fiscal Year End December 31
SIC 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2511062918284238
Cash and cash equivalents2511062918284238
Receivables145796561464532
Inventory, net of allowances, customer advances and progress billings32162632412217
Inventory32162632412217
Contract with customer, asset1514
Other undisclosed current assets567107664
Total current assets:50022213011812211591
Noncurrent Assets
Operating lease, right-of-use asset10
Property, plant and equipment29212631323125
Intangible assets, net (including goodwill)55604566
Goodwill25254444 
Intangible assets, net (excluding goodwill)31351122 
Deferred income tax assets75
Other noncurrent assets4537810611
Total noncurrent assets:2141183946443726
TOTAL ASSETS:713340169164166152117
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities105785155456327
Accounts payable5749293226227
Accrued liabilities47292223192620
Employee-related liabilities     15 
Deferred revenue82
Debt32817317 4
Deferred revenue and credits166433
Contract with customer, liability33
Other undisclosed current liabilities1087197(7) 
Total current liabilities:1991479283735933
Noncurrent Liabilities
Long-term debt and lease obligation103823221  5
Long-term debt, excluding current maturities103823221  5
Liabilities, other than long-term debt1391035459514712
Deferred revenue and credits3034251711
Accounts payable and accrued liabilities272322232326 
Deferred revenue100
Contract with customer, liability77
Other liabilities12322341
Other undisclosed noncurrent liabilities      25
Total noncurrent liabilities:2421858780514743
Total liabilities:44133217816212410576
Stockholders' equity
Stockholders' equity attributable to parent2728(9)1414740
Common stock0000   
Additional paid in capital458353287252225208193
Accumulated other comprehensive income (loss)(1)1(1)(0)(0)(0)0
Accumulated deficit(185)(346)(296)(251)(183)(161)(153)
Total stockholders' equity:2728(9)1414740
TOTAL LIABILITIES AND EQUITY:713340169164166152117

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues624316286323357344233
Revenue, net286323357344233
Cost of revenue(403)(222)(230)(265)(249)(231)(165)
Gross profit:22194565810811367
Operating expenses(119)(93)(95)(121)(128)(117)(90)
Operating income (loss):1032(39)(63)(19)(4)(22)
Nonoperating expense(13)(12)(6)(3)(1)(3)(3)
Other nonoperating income (expense)(5)(2)2(1)(1)(1)(1)
Interest and debt expense(6)(10)(8)(3)(1)(2)(2)
Income (loss) from continuing operations before equity method investments, income taxes:84(20)(53)(69)(21)(9)(27)
Other undisclosed income from continuing operations before income taxes61083122
Income (loss) from continuing operations before income taxes:90(10)(45)(66)(21)(7)(25)
Income tax expense (benefit)71(1)0(1)(1)(1)(1)
Net income (loss) available to common stockholders, basic:161(12)(45)(67)(22)(8)(26)
Interest on convertible debt1      
Net income (loss) available to common stockholders, diluted:162(12)(45)(67)(22)(8)(26)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):161(12)(45)(67)(22)(8)(26)
Other comprehensive income (loss)  (0)(0)(0)(0)0
Comprehensive income (loss):161(12)(46)(68)(22)(8)(26)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2)1     
Comprehensive income (loss), net of tax, attributable to parent:159(10)(46)(68)(22)(8)(26)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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