Solarcity Corp (SCTY) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
3055 CLEARVIEW WAY SAN MATEO, CA 94402 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 17 - Construction Special Trade Contractors (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)Annual | Quarterly
| 12/31/2016 Q4 | 9/30/2016 Q3 | 6/30/2016 Q2 | 3/31/2016 Q1 | 12/31/2015 Q4 | 9/30/2015 Q3 | 6/30/2015 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 291 | 259 | 146 | 362 | 394 | 418 | 489 | ||
| Cash and cash equivalents | 291 | 259 | 146 | 362 | 383 | 373 | 421 | ||
| Short-term investments | 11 | 46 | 68 | ||||||
| Restricted cash and investments | 75 | 61 | 99 | 52 | 40 | 20 | 9 | ||
| Receivables | 67 | 65 | 64 | 41 | 34 | 39 | 34 | ||
| Inventory, net of allowances, customer advances and progress billings | 173 | 206 | 230 | 307 | 343 | 309 | 280 | ||
| Inventory | 173 | 206 | 230 | 307 | 343 | 309 | 280 | ||
| Costs in excess of billings | 1 | ||||||||
| Other undisclosed current assets | 87 | 85 | 73 | 76 | 91 | 149 | 112 | ||
| Total current assets: | 693 | 677 | 611 | 836 | 902 | 936 | 923 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 245 | 251 | 254 | 270 | 262 | 244 | 354 | ||
| Long-term investments and receivables | 517 | 527 | 530 | 539 | 488 | 363 | 237 | ||
| Accounts and financing receivable, after allowance for credit loss | 517 | 527 | 530 | 539 | 488 | 363 | 237 | ||
| Intangible assets, net (including goodwill), including: | 462 | 473 | 485 | 509 | 517 | 527 | 523 | ||
| Goodwill | 322 | 322 | 322 | 322 | 322 | 322 | 316 | ||
| Intangible assets, net (excluding goodwill) | 140 | 151 | 163 | 187 | 195 | 206 | 207 | ||
| Other undisclosed intangible assets, net (including goodwill) | (0) | (0) | (0) | (0) | 0 | ||||
| Deferred costs | 232 | 237 | 237 | 238 | 216 | 163 | 107 | ||
| Other noncurrent assets | 345 | 272 | 277 | 257 | 241 | 172 | |||
| Deferred tax assets, net | (1) | ||||||||
| Other undisclosed noncurrent assets | 6,636 | 6,245 | 5,829 | 5,309 | 4,661 | 4,108 | 3,561 | ||
| Total noncurrent assets: | 8,438 | 8,004 | 7,613 | 7,123 | 6,385 | 5,577 | 4,781 | ||
| TOTAL ASSETS: | 9,131 | 8,681 | 8,224 | 7,959 | 7,287 | 6,512 | 5,705 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 382 | 420 | 383 | 459 | 548 | 460 | 419 | ||
| Taxes payable | 24 | 8 | 8 | 6 | |||||
| Employee-related liabilities | 78 | 84 | 73 | 78 | 65 | 76 | 72 | ||
| Accounts payable | 208 | 253 | 214 | 294 | 365 | 296 | 279 | ||
| Accrued liabilities | 96 | 83 | 72 | 86 | 110 | 79 | 62 | ||
| Debt | 819 | 488 | 467 | 453 | 372 | 235 | 221 | ||
| Restructuring reserve | 1 | 3 | |||||||
| Business combination, contingent consideration, liability | 48 | 43 | 43 | 43 | |||||
| Deferred revenue and credits | 67 | 114 | 121 | 117 | 52 | 100 | 97 | ||
| Due to related parties | 5 | 3 | 2 | 3 | 5 | 3 | 0 | ||
| Customer advances and deposits | 6 | 5 | 5 | ||||||
| Other liabilities | 25 | 16 | 15 | 18 | |||||
| Other undisclosed current liabilities | 221 | 133 | 113 | 114 | 167 | 93 | 93 | ||
| Total current liabilities: | 1,519 | 1,176 | 1,101 | 1,211 | 1,193 | 938 | 877 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,092 | 1,284 | 1,173 | 1,102 | 1,007 | 871 | 620 | ||
| Long-term debt, excluding current maturities | 1,092 | 1,284 | 1,173 | 1,102 | 1,007 | 833 | 588 | ||
| Capital lease obligations | 38 | 31 | |||||||
| Liabilities, other than long-term debt | 83 | 151 | 150 | 1,262 | 270 | 1,084 | 908 | ||
| Deferred revenue and credits | 19 | 20 | 19 | 1,078 | 131 | 886 | 774 | ||
| Deferred tax liabilities, net | 0 | 0 | 0 | 1 | 1 | 32 | 15 | ||
| Other liabilities | 63 | 46 | 48 | 102 | 58 | 87 | 41 | ||
| Business combination, contingent consideration, liability | 84 | 83 | 81 | 80 | 79 | 78 | |||
| Other undisclosed noncurrent liabilities | 4,161 | 4,072 | 3,928 | 2,662 | 3,083 | 1,998 | 1,817 | ||
| Total noncurrent liabilities: | 5,336 | 5,506 | 5,252 | 5,026 | 4,359 | 3,952 | 3,344 | ||
| Total liabilities: | 6,856 | 6,682 | 6,353 | 6,237 | 5,553 | 4,891 | 4,221 | ||
| Temporary equity, carrying amount | 344 | 284 | 345 | 304 | 321 | 313 | 285 | ||
| Equity | |||||||||
| Equity, attributable to parent | 1,223 | 972 | 891 | 886 | 879 | 815 | 759 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Additional paid in capital | 1,301 | 1,316 | 1,288 | 1,228 | 1,195 | 1,136 | 1,061 | ||
| Accumulated deficit | (78) | (344) | (397) | (342) | (317) | (321) | (302) | ||
| Equity, attributable to noncontrolling interest | 708 | 743 | 636 | 532 | 535 | 493 | 440 | ||
| Total equity: | 1,931 | 1,715 | 1,526 | 1,418 | 1,414 | 1,308 | 1,199 | ||
| TOTAL LIABILITIES AND EQUITY: | 9,131 | 8,681 | 8,224 | 7,959 | 7,287 | 6,512 | 5,705 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 12/31/2016 Q4 | 9/30/2016 Q3 | 6/30/2016 Q2 | 3/31/2016 Q1 | 12/31/2015 Q4 | 9/30/2015 Q3 | 6/30/2015 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 221 | 201 | 186 | 123 | 115 | 114 | 103 | |
| Revenue, net | 193 | 0 | 40 | 29 | 25 | |||
| Cost of revenue | (143) | (129) | (115) | (109) | (87) | (89) | (59) | |
| Cost of goods and services sold | (37) | (43) | (22) | |||||
| Gross profit: | 79 | 72 | 71 | 13 | 28 | 25 | 43 | |
| Operating expenses | (135) | (258) | (265) | (227) | (227) | (216) | (176) | |
| Operating loss: | (57) | (186) | (194) | (214) | (199) | (191) | (132) | |
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 40 | 2 | (19) | (37) | (4) | (17) | (3) | |
| Interest and debt expense | (0) | (2) | (1) | (0) | 1 | (1) | (0) | |
| Loss from continuing operations before equity method investments, income taxes: | (16) | (187) | (215) | (251) | (201) | (209) | (136) | |
| Other undisclosed loss from continuing operations before income taxes | (45) | (40) | (36) | (32) | (28) | (25) | (20) | |
| Loss from continuing operations before income taxes: | (61) | (226) | (250) | (283) | (230) | (234) | (156) | |
| Income tax expense (benefit) | (1) | 1 | (0) | 0 | (2) | (0) | (0) | |
| Loss from continuing operations: | (62) | (225) | (250) | (283) | (232) | (234) | (156) | |
| Loss before gain (loss) on sale of properties: | (62) | (225) | (250) | (283) | (232) | (234) | (156) | |
| Net loss: | (62) | (225) | (250) | (283) | (232) | (234) | (156) | |
| Net income attributable to noncontrolling interest | 328 | 279 | 195 | 258 | 237 | 215 | 133 | |
| Net income (loss) available to common stockholders, basic: | 266 | 53 | (55) | (25) | 5 | (19) | (22) | |
| Other undisclosed net income available to common stockholders, diluted | 3 | |||||||
| Net income (loss) available to common stockholders, diluted: | 266 | 56 | (55) | (25) | 5 | (19) | (22) | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 12/31/2016 Q4 | 9/30/2016 Q3 | 6/30/2016 Q2 | 3/31/2016 Q1 | 12/31/2015 Q4 | 9/30/2015 Q3 | 6/30/2015 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (62) | (225) | (250) | (283) | (232) | (234) | (156) | |
| Other undisclosed comprehensive income (loss) | (305) | 135 | (172) | |||||
| Comprehensive loss: | (366) | (225) | (250) | (148) | (404) | (234) | (156) | |
| Comprehensive income, net of tax, attributable to noncontrolling interest | 328 | 279 | 195 | 258 | 237 | 215 | 133 | |
| Comprehensive income (loss), net of tax, attributable to parent: | (39) | 53 | (55) | 110 | (168) | (19) | (22) | |
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.