Enphase Energy, Inc. (ENPH) Financial Statements (2023 and Earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,017679251106291828
Cash and cash equivalents119679251106291828
Short-term investments897      
Receivables33418214579656146
Inventory, net of allowances, customer advances and progress billings74423216263241
Inventory74423216263241
Contract with customer, asset24181514
Other undisclosed current assets14125671076
Total current assets:1,462933500222130118122
Noncurrent Assets
Operating lease, right-of-use asset141810
Property, plant and equipment82432921263132
Intangible assets, net (including goodwill)279545560456
Goodwill181252525444
Intangible assets, net (excluding goodwill)98293135112
Deferred income tax assets1229375
Other noncurrent assets1196045378106
Total noncurrent assets:617267214118394644
TOTAL ASSETS:2,0791,200713340169164166
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities27214910578515545
Accounts payable114735749293226
Accrued liabilities158774729222319
Deferred revenue634882
Debt8632632817317
Deferred revenue and credits1664
Contract with customer, liability33
Other undisclosed current liabilities19111087197
Total current liabilities:440534199147928373
Noncurrent Liabilities
Long-term debt and lease obligation9525103823221 
Long-term debt, excluding current maturities9525103823221 
Liabilities, other than long-term debt258177139103545951
Deferred revenue and credits303425
Accounts payable and accrued liabilities54352723222323
Deferred revenue187125100
Contract with customer, liability77
Other liabilities1717123223
Total noncurrent liabilities:1,209182242185878051
Total liabilities:1,649716441332178162124
Stockholders' equity
Stockholders' equity attributable to parent4304842728(9)141
Common stock000000 
Additional paid in capital838535458353287252225
Accumulated other comprehensive income (loss)(2)0(1)1(1)(0)(0)
Accumulated deficit(406)(51)(185)(346)(296)(251)(183)
Total stockholders' equity:4304842728(9)141
TOTAL LIABILITIES AND EQUITY:2,0791,200713340169164166

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,382774624316286323357
Revenue, net286323357
Cost of revenue(828)(428)(403)(222)(230)(265)(249)
Gross profit:554346221945658108
Operating expenses(339)(160)(119)(93)(95)(121)(128)
Operating income (loss):2161861032(39)(63)(19)
Nonoperating expense(95)(67)(13)(12)(6)(3)(1)
Investment income, nonoperating (44)     
Other nonoperating income (expense)6(4)(5)(2)2(1)(1)
Interest and debt expense(56)(21)(6)(10)(8)(3)(1)
Income (loss) from continuing operations before equity method investments, income taxes:649884(20)(53)(69)(21)
Other undisclosed income from continuing operations before income taxes5621610831
Income (loss) from continuing operations before income taxes:12111990(10)(45)(66)(21)
Income tax expense (benefit)251571(1)0(1)(1)
Net income (loss) available to common stockholders, basic:145134161(12)(45)(67)(22)
Interest on convertible debt001    
Net income (loss) available to common stockholders, diluted:146134162(12)(45)(67)(22)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):145134161(12)(45)(67)(22)
Other comprehensive income (loss)1   (0)(0)(0)
Comprehensive income (loss):146134161(12)(46)(68)(22)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(3)1(2)1   
Comprehensive income (loss), net of tax, attributable to parent:143135159(10)(46)(68)(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.

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