Enphase Energy, Inc. (ENPH) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments67925110629182842
Cash and cash equivalents67925110629182842
Receivables1821457965614645
Inventory, net of allowances, customer advances and progress billings42321626324122
Inventory42321626324122
Contract with customer, asset181514
Other undisclosed current assets1256710766
Total current assets:933500222130118122115
Noncurrent Assets
Operating lease, right-of-use asset1810
Property, plant and equipment43292126313231
Intangible assets, net (including goodwill)5455604566
Goodwill2525254444
Intangible assets, net (excluding goodwill)2931351122
Deferred income tax assets9375
Other noncurrent assets60453781061
Total noncurrent assets:26721411839464437
TOTAL ASSETS:1,200713340169164166152
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1491057851554563
Accounts payable73574929322622
Accrued liabilities77472922231926
Employee-related liabilities      15
Deferred revenue4882
Debt32632817317 
Deferred revenue and credits16643
Contract with customer, liability33
Other undisclosed current liabilities111087197(7)
Total current liabilities:53419914792837359
Noncurrent Liabilities
Long-term debt and lease obligation5103823221  
Long-term debt, excluding current maturities5103823221  
Liabilities, other than long-term debt17713910354595147
Deferred revenue and credits30342517
Accounts payable and accrued liabilities35272322232326
Deferred revenue125100
Contract with customer, liability77
Other liabilities171232234
Total noncurrent liabilities:18224218587805147
Total liabilities:716441332178162124105
Stockholders' equity
Stockholders' equity attributable to parent4842728(9)14147
Common stock00000  
Additional paid in capital535458353287252225208
Accumulated other comprehensive income (loss)0(1)1(1)(0)(0)(0)
Accumulated deficit(51)(185)(346)(296)(251)(183)(161)
Total stockholders' equity:4842728(9)14147
TOTAL LIABILITIES AND EQUITY:1,200713340169164166152

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues774624316286323357344
Revenue, net286323357344
Cost of revenue(428)(403)(222)(230)(265)(249)(231)
Gross profit:346221945658108113
Operating expenses(160)(119)(93)(95)(121)(128)(117)
Operating income (loss):1861032(39)(63)(19)(4)
Nonoperating expense(67)(13)(12)(6)(3)(1)(3)
Investment income, nonoperating(44)      
Other nonoperating income (expense)(4)(5)(2)2(1)(1)(1)
Interest and debt expense(21)(6)(10)(8)(3)(1)(2)
Income (loss) from continuing operations before equity method investments, income taxes:9884(20)(53)(69)(21)(9)
Other undisclosed income from continuing operations before income taxes216108312
Income (loss) from continuing operations before income taxes:11990(10)(45)(66)(21)(7)
Income tax expense (benefit)1571(1)0(1)(1)(1)
Net income (loss) available to common stockholders, basic:134161(12)(45)(67)(22)(8)
Interest on convertible debt01     
Net income (loss) available to common stockholders, diluted:134162(12)(45)(67)(22)(8)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):134161(12)(45)(67)(22)(8)
Other comprehensive loss   (0)(0)(0)(0)
Comprehensive income (loss):134161(12)(46)(68)(22)(8)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1(2)1    
Comprehensive income (loss), net of tax, attributable to parent:135159(10)(46)(68)(22)(8)

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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