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)

9/30/2019
TTM
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 investments2031062918284238
Cash and cash equivalents2031062918284238
Receivables134796561464532
Inventory, net of allowances, customer advances and progress billings30162632412217
Inventory30162632412217
Contract with customer, asset1414
Other undisclosed current assets107107664
Total current assets:39222213011812211591
Noncurrent Assets
Operating lease, right-of-use asset11
Property, plant and equipment24212631323125
Intangible assets, net (including goodwill)57604566
Goodwill25254444 
Intangible assets, net (excluding goodwill)32351122 
Other noncurrent assets4137810611
Total noncurrent assets:1321183946443726
TOTAL ASSETS:524340169164166152117
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities101785155456327
Accounts payable6149293226227
Accrued liabilities40292223192620
Employee-related liabilities     15 
Deferred revenue34
Debt62817317 4
Deferred revenue and credits166433
Contract with customer, liability33
Other undisclosed current liabilities687197(7) 
Total current liabilities:1471479283735933
Noncurrent Liabilities
Long-term debt and lease obligation101823221  5
Long-term debt, excluding current maturities101823221  5
Liabilities, other than long-term debt1241035459514712
Deferred revenue and credits3034251711
Accounts payable and accrued liabilities262322232326 
Deferred revenue86
Contract with customer, liability77
Other liabilities12322341
Other undisclosed noncurrent liabilities      25
Total noncurrent liabilities:2251858780514743
Total liabilities:37133217816212410576
Stockholders' equity
Stockholders' equity attributable to parent1528(9)1414740
Common stock0000   
Additional paid in capital454353287252225208193
Accumulated other comprehensive income (loss)11(1)(0)(0)(0)0
Accumulated deficit(302)(346)(296)(251)(183)(161)(153)
Total stockholders' equity:1528(9)1414740
TOTAL LIABILITIES AND EQUITY:524340169164166152117

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues507316286323357344233
Revenue, net286323357344233
Cost of revenue(335)(222)(230)(265)(249)(231)(165)
Gross profit:17294565810811367
Operating expenses(108)(93)(95)(121)(128)(117)(90)
Operating income (loss):632(39)(63)(19)(4)(22)
Nonoperating expense(16)(12)(6)(3)(1)(3)(3)
Other nonoperating income (expense)(8)(2)2(1)(1)(1)(1)
Interest and debt expense(8)(10)(8)(3)(1)(2)(2)
Income (loss) from continuing operations before equity method investments, income taxes:39(20)(53)(69)(21)(9)(27)
Other undisclosed income from continuing operations before income taxes81083122
Income (loss) from continuing operations before income taxes:47(10)(45)(66)(21)(7)(25)
Income tax expense (benefit)(2)(1)0(1)(1)(1)(1)
Net income (loss) available to common stockholders, basic:45(12)(45)(67)(22)(8)(26)
Interest on convertible debt0      
Net income (loss) available to common stockholders, diluted:46(12)(45)(67)(22)(8)(26)

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):45(12)(45)(67)(22)(8)(26)
Other comprehensive income (loss)  (0)(0)(0)(0)0
Comprehensive income (loss):45(12)(46)(68)(22)(8)(26)
Other undisclosed comprehensive income, net of tax, attributable to parent11     
Comprehensive income (loss), net of tax, attributable to parent:46(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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