Sunrun Inc. (RUN) financial statements (2022 and earlier)

Company profile

Business Address 225 BUSH STREET, SUITE 1400
SAN FRANCISCO, CA 94104
State of Incorp. DE
Fiscal Year End December 31
SIC 369 - Miscellaneous Electrical Machinery, Equipment, and Supplies (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments618520270227203206
Cash and cash equivalents618520270227203206
Restricted cash and investments2331889478  
Receivables1469578667761
Inventory, net of allowances, customer advances and progress billings507283261799467
Inventory507283261799467
Prepaid expense    96
Other current assets     0
Other undisclosed current assets455132115029
Total current assets:1,5481,138734461433369
Noncurrent Assets
Property, plant and equipment5826257353648
Long-term investments and receivables166    
Long-term investments166    
Intangible assets, net (including goodwill)4,2934,29811598102106
Goodwill4,2804,28095888888
Intangible assets, net (excluding goodwill)131820101418
Derivative instruments and hedges    2 
Restricted cash and investments0000  
Other noncurrent assets1,1266824083363735
Other undisclosed noncurrent assets8,9338,1374,4933,8203,3183,014
Total noncurrent assets:14,93613,2455,0734,2883,4953,203
TOTAL ASSETS:16,48314,3835,8064,7503,9283,573
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities589473349214201117
Accounts payable28820722313111566
Accrued liabilities20017587435429
Employee-related liabilities1009139402923
Taxes payable    3 
Deferred revenue11210878
Debt111155352924
Deferred revenue and credits7771
Other undisclosed current liabilities301309481232832
Total current liabilities:1,012901530372335245
Noncurrent Liabilities
Long-term debt and lease obligation613982,2691,7131,279897
Long-term debt, excluding current maturities602 2,2201,7131,273884
Finance lease, liability111313
Capital lease obligations 613
Operating lease, liability 8636
Liabilities, other than long-term debt1,0541,041859486661,004
Deferred revenue and credits584583
Deferred revenue762691652
Deferred tax liabilities, net 59415
Deferred income tax liabilities1028266
Other liabilities19026914148145
Derivative instruments and hedges, liabilities    9 
Other undisclosed noncurrent liabilities6,2325,0525101,207358365
Total noncurrent liabilities:7,8996,1923,6382,9692,3032,266
Total liabilities:8,9117,0944,1683,3412,6382,511
Temporary equity, carrying amount595560307126124138
Stockholders' equity
Stockholders' equity attributable to parent6,2556,078965949812673
Common stock000000
Additional paid in capital6,3306,108766722684668
Accumulated other comprehensive income (loss)(73)(107)(53)(3)(4)0
Retained earnings (accumulated deficit)(3)772512291324
Stockholders' equity attributable to noncontrolling interest723651367334354251
Total stockholders' equity:6,9786,7291,3311,2831,166924
TOTAL LIABILITIES AND EQUITY:16,48314,3835,8064,7503,9283,573

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues1,610922859760530454
Revenue, net530454
Cost of revenue(953)(499)(460)(380)(314)(298)
Cost of goods and services sold    (254)(239)
Gross profit:657424399380216156
Operating expenses(1,323)(889)(614)(502)(398)(371)
Operating loss:(666)(465)(216)(122)(182)(215)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
23(8)(9)3(2)1
Interest and debt expense(6)(1)(2)   
Loss from continuing operations before equity method investments, income taxes:(650)(474)(227)(119)(184)(214)
Other undisclosed loss from continuing operations before income taxes(321)(213)(172)(132)(71)(53)
Loss from continuing operations before income taxes:(971)(688)(399)(251)(255)(267)
Income tax expense (benefit)(9)618(9)(32)(36)
Net loss:(981)(627)(391)(260)(287)(303)
Net income attributable to noncontrolling interest901454417287411395
Net income (loss) available to common stockholders, diluted:(79)(173)262712592

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net loss:(981)(627)(391)(260)(287)(303)
Comprehensive loss:(981)(627)(391)(260)(287)(303)
Comprehensive income, net of tax, attributable to noncontrolling interest901454417287411395
Other undisclosed comprehensive income (loss), net of tax, attributable to parent34(54)(49)1(5)1
Comprehensive income (loss), net of tax, attributable to parent:(46)(227)(23)2812093

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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