Sunrun Inc. (RUN) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
225 BUSH STREET, SUITE 1400 SAN FRANCISCO, CA 94104 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 369 - Miscellaneous Electrical Machinery, Equipment, and Supplies (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 643,787 | 669,094 | 628,536 | 740,508 | 672,083 | 522,460 | |||
| Cash and cash equivalents | 643,787 | 669,094 | 628,536 | 740,508 | 672,083 | 522,460 | |||
| Restricted cash and investments | 308,010 | 251,836 | 214,542 | 212,367 | 283,822 | 340,520 | |||
| Receivables | 188,892 | 215,411 | 218,692 | 214,255 | 218,837 | 216,824 | |||
| Inventory, net of allowances, customer advances and progress billings | 661,801 | 791,740 | 887,890 | 783,904 | 589,094 | 547,419 | |||
| Inventory | 661,801 | 791,740 | 887,890 | 783,904 | 589,094 | 547,419 | |||
| Other undisclosed current assets | 126,028 | 154,995 | 134,612 | 146,609 | 116,192 | 83,150 | |||
| Total current assets: | 1,928,518 | 2,083,076 | 2,084,272 | 2,097,643 | 1,880,028 | 1,710,373 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 813,616 | 905,133 | 799,387 | 756,029 | 697,139 | 669,097 | |||
| Long-term investments and receivables | 2,600 | 2,100 | 2,000 | 1,900 | 1,800 | 1,500 | |||
| Long-term investments | 2,600 | 2,100 | 2,000 | 1,900 | 1,800 | 1,500 | |||
| Intangible assets, net (including goodwill) | 3,123,441 | 4,285,244 | 4,286,355 | 4,287,696 | 4,289,037 | 4,290,378 | |||
| Goodwill | 3,122,168 | 4,280,169 | 4,280,169 | 4,280,169 | 4,280,169 | 4,280,169 | |||
| Intangible assets, net (excluding goodwill) | 1,273 | 5,075 | 6,186 | 7,527 | 8,868 | 10,209 | |||
| Restricted cash and investments | 148 | 148 | 148 | 148 | 148 | 148 | |||
| Other noncurrent assets | 2,318,376 | 2,075,649 | 1,913,615 | 1,827,518 | 1,761,556 | 1,559,208 | |||
| Other undisclosed noncurrent assets | 11,840,416 | 11,139,288 | 10,642,550 | 10,297,871 | 9,938,350 | 9,569,898 | |||
| Total noncurrent assets: | 18,098,597 | 18,407,562 | 17,644,055 | 17,171,162 | 16,688,030 | 16,090,229 | |||
| TOTAL ASSETS: | 20,027,115 | 20,490,638 | 19,728,327 | 19,268,805 | 18,568,058 | 17,800,602 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 566,263 | 602,490 | 615,456 | 650,730 | 706,622 | 622,306 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | 120,208 | 94,442 | ||
| Accounts payable | 296,453 | 328,827 | 345,968 | 339,166 | 275,057 | 259,201 | |||
| Accrued liabilities | 269,810 | 273,663 | 269,488 | 311,564 | 311,357 | 268,663 | |||
| Deferred revenue | 128,894 | 161,511 | 160,221 | 183,719 | 146,098 | 131,969 | |||
| Debt | 18,611 | 16,058 | 12,460 | 11,444 | 11,786 | 11,597 | |||
| Other undisclosed current liabilities | 709,500 | 641,623 | 361,880 | 309,558 | 217,999 | 225,126 | |||
| Total current liabilities: | 1,423,268 | 1,421,682 | 1,150,017 | 1,155,451 | 1,082,505 | 990,998 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 451,055 | 440,709 | 415,398 | 915,342 | 408,953 | 405,714 | |||
| Long-term debt, excluding current maturities | 394,583 | 394,009 | 393,442 | 898,040 | 392,310 | 391,739 | |||
| Finance lease, liability | 56,472 | 46,700 | 21,956 | 17,302 | 16,643 | 13,975 | |||
| Liabilities, other than long-term debt | 1,301,242 | 1,213,868 | 1,171,399 | 1,185,591 | 1,125,191 | 1,057,565 | |||
| Deferred revenue | 1,025,890 | 980,488 | 938,039 | 912,254 | 860,887 | 809,142 | |||
| Deferred income tax liabilities | 137,294 | 90,598 | 63,093 | 133,047 | 122,930 | 102,654 | |||
| Other liabilities | 138,058 | 142,782 | 170,267 | 140,290 | 141,374 | 145,769 | |||
| Other undisclosed noncurrent liabilities | 9,777,172 | 9,219,262 | 8,823,759 | 7,833,404 | 7,898,172 | 7,533,684 | |||
| Total noncurrent liabilities: | 11,529,469 | 10,873,839 | 10,410,556 | 9,934,337 | 9,432,316 | 8,996,963 | |||
| Total liabilities: | 12,952,737 | 12,295,521 | 11,560,573 | 11,089,788 | 10,514,821 | 9,987,961 | |||
| Temporary equity, carrying amount | 683,449 | 609,573 | 604,707 | 609,702 | 609,479 | 639,740 | |||
| Equity | |||||||||
| Equity, attributable to parent | 5,611,108 | 6,597,454 | 6,467,758 | 6,708,122 | 6,618,501 | 6,346,680 | |||
| Common stock | 22 | 22 | 21 | 21 | 21 | 21 | |||
| Additional paid in capital | 6,575,428 | 6,546,814 | 6,505,806 | 6,470,194 | 6,432,240 | 6,403,716 | |||
| Accumulated other comprehensive income | 119,233 | 64,734 | 31,521 | 67,109 | 78,463 | 45,726 | |||
| Retained earnings (accumulated deficit) | (1,083,575) | (14,116) | (69,590) | 170,798 | 107,777 | (102,783) | |||
| Equity, attributable to noncontrolling interest | 779,821 | 988,090 | 1,095,289 | 861,193 | 825,257 | 826,221 | |||
| Total equity: | 6,390,929 | 7,585,544 | 7,563,047 | 7,569,315 | 7,443,758 | 7,172,901 | |||
| TOTAL LIABILITIES AND EQUITY: | 20,027,115 | 20,490,638 | 19,728,327 | 19,268,805 | 18,568,058 | 17,800,602 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 563,181 | 590,193 | 589,849 | 609,152 | 631,906 | 584,580 | ||
| Cost of revenue | (504,516) | (525,425) | (435,159) | (401,778) | (511,521) | (485,933) | ||
| Gross profit: | 58,665 | 64,768 | 154,690 | 207,374 | 120,385 | 98,647 | ||
| Operating expenses | (1,406,142) | (270,709) | (382,384) | (396,564) | (256,630) | (253,954) | ||
| Operating loss: | (1,347,477) | (205,941) | (227,694) | (189,190) | (136,245) | (155,307) | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 77,673 | 41,071 | (25,000) | (3,127) | 97,953 | 51,873 | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (6,300) | |||||||
| Loss from continuing operations before equity method investments, income taxes: | (1,269,804) | (164,870) | (252,694) | (198,617) | (38,292) | (103,434) | ||
| Other undisclosed loss from continuing operations before income taxes | (171,288) | (157,177) | (142,698) | (127,006) | (117,214) | (103,045) | ||
| Loss from continuing operations before income taxes: | (1,441,092) | (322,047) | (395,392) | (325,623) | (155,506) | (206,479) | ||
| Income tax expense (benefit) | (29,846) | (18,677) | 59,619 | (3,277) | ||||
| Other undisclosed loss from continuing operations | (2,291) | |||||||
| Loss from continuing operations: | (1,470,938) | (340,724) | (335,773) | (327,914) | (155,506) | (209,756) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | (155,506) | (209,756) | |
| Net loss: | (1,470,938) | (340,724) | (335,773) | (327,914) | (155,506) | (209,756) | ||
| Net income attributable to noncontrolling interest | 401,479 | 396,198 | 95,385 | 390,935 | 366,066 | 197,330 | ||
| Net income (loss) attributable to parent: | (1,069,459) | 55,474 | (240,388) | 63,021 | 210,560 | (12,426) | ||
| Other undisclosed net income available to common stockholders, basic | 2,258 | |||||||
| Net income (loss) available to common stockholders, basic: | (1,069,459) | 55,474 | (240,388) | 65,279 | 210,560 | (12,426) | ||
| Other undisclosed net income (loss) available to common stockholders, diluted | 534 | (1,692) | 571 | |||||
| Net income (loss) available to common stockholders, diluted: | (1,069,459) | 56,008 | (240,388) | 63,587 | 211,131 | (12,426) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (1,470,938) | (340,724) | (335,773) | (327,914) | (155,506) | (209,756) | ||
| Comprehensive loss: | (1,470,938) | (340,724) | (335,773) | (327,914) | (155,506) | (209,756) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 401,479 | 396,198 | 95,385 | 390,935 | 366,066 | 197,330 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 54,499 | 33,213 | (35,588) | (11,354) | 32,737 | 50,327 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (1,014,960) | 88,687 | (275,976) | 51,667 | 243,297 | 37,901 | ||
Statements Sources
The financial statements are based on the Company's filings with 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.