SunPower Corporation (SPWR) financial statements (2022 and earlier)

Company profile

Business Address 51 RIO ROBLES
SAN JOSE, CA 95134
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)

12/31/2021
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 investments493233423309435425955
Cash and cash equivalents127233423309435425955
Short-term investments366      
Restricted cash and investments462642443424
Receivables131110234185227234205
Inventory, net of allowances, customer advances and progress billings243211358308353402382
Inventory243211358308353402382
Prepaid expense36221524243098
Deferred costs53273030406867
Advances on inventory purchases33107383111185
Costs in excess of billings183339
Other current assets  0010 
Other undisclosed current assets109179186136180578659
Total current assets:1,0737901,3811,0741,3521,9152,515
Noncurrent Assets
Operating lease, right-of-use asset595451
Property, plant and equipment35473248401,1481,027731
Long-term investments and receivables   20339507335
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases20339507335
Intangible assets, net (including goodwill), including:15117132644120
Goodwill126     58
Intangible assets, net (excluding goodwill)25  13264461
Other undisclosed intangible assets, net (including goodwill) 17    
Regulated entity, other noncurrent assets     345
Restricted cash and investments179919726048
Other noncurrent assets17369633116280186298
Other undisclosed noncurrent assets465068226613795806
Total noncurrent assets:4818567911,2792,2782,6522,342
TOTAL ASSETS:1,5551,6462,1722,3533,6294,5674,857
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities177288646561675932828
Accounts payable177166442326407540515
Accrued liabilities 122204235268391313
Deferred revenue8972 
Debt11316021940587121
Billings in excess of cost977116
Customer advances and deposits551034
Contract with customer, liability104
Other undisclosed current liabilities1311034 300  
Total current liabilities:5105308987051,0961,090999
Noncurrent Liabilities
Long-term debt and lease obligation391009798571,2441,5621,585
Long-term debt, excluding current maturities0569338571,2441,5621,585
Operating lease, liability394446
Liabilities, other than long-term debt1921882729391,024721691
Customer advances or deposits690126
Deferred revenue283068
Contract with customer, liability100
Other liabilities165158204839955721565
Other undisclosed noncurrent liabilities42442212334
Total noncurrent liabilities:6557101,2521,7982,2712,2862,281
Total liabilities:1,1651,2402,1502,5033,3673,3763,279
Temporary equity, carrying amount    1510469
Stockholders' equity
Stockholders' equity attributable to parent, including:38840410(209)1431,0081,449
Treasury stock, value(215)(205)(193)(187)(182)(177)(155)
Additional paid in capital2,7152,6862,6622,4632,4432,4102,360
Accumulated other comprehensive income (loss)119(10)(4)(3)(7)(8)
Accumulated deficit(2,122)(2,085)(2,450)(2,481)(2,115)(1,219)(748)
Other undisclosed stockholders' equity attributable to parent0000000
Stockholders' equity attributable to noncontrolling interest2211591047959
Total stockholders' equity:39040621(150)2471,0871,509
TOTAL LIABILITIES AND EQUITY:1,5551,6462,1722,3533,6294,5674,857

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
Revenues1,3231,1251,8641,7261,8722,5601,576
Revenue, net1,8722,5601,576
Cost of revenue(1,102)(958)(1,738)(2,023)(1,887)(2,370)(1,332)
Gross profit:222167126(297)(15)190245
Operating expenses(249)(173) (552)(1,003)(652)(451)
Operating income (loss):(27)(6)126(849)(1,018)(462)(206)
Nonoperating income (expense)(5)66117(50)(99)(102)(36)
Investment income, nonoperating  17    
Other nonoperating income (expense)23693 55(11)(9)6
Interest and debt expense(29)(33)(53)(108)(90)(61)(44)
Other undisclosed income from continuing operations before equity method investments, income taxes29  108906144
Income (loss) from continuing operations before equity method investments, income taxes:(33)62190(899)(1,117)(565)(242)
Income (loss) from equity method investments (1)(7)(18)202810
Other undisclosed income from continuing operations before income taxes0      
Income (loss) from continuing operations before income taxes:(33)62183(916)(1,097)(537)(233)
Income tax expense (benefit)(5) (27)(1)4(7)(67)
Income (loss) from continuing operations:(38)62156(917)(1,093)(544)(299)
Loss from discontinued operations (124)     
Income (loss) before gain (loss) on sale of properties:(38)49756(917)(1,093)(544)(299)
Other undisclosed net loss  (64)    
Net income (loss):(38)497(8)(917)(1,093)(544)(299)
Net income attributable to noncontrolling interest113010624273112
Other undisclosed net loss attributable to parent (22)     
Net income (loss) available to common stockholders, basic:(37)47522(811)(851)(471)(187)
Other undisclosed net income available to common stockholders, diluted 139     
Net income (loss) available to common stockholders, diluted:(37)61422(811)(851)(471)(187)

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):(38)497(8)(917)(1,093)(544)(299)
Other comprehensive income (loss)21(5)(1)415
Other undisclosed comprehensive loss (22)     
Comprehensive income (loss):(36)475(13)(919)(1,089)(543)(294)
Comprehensive income, net of tax, attributable to noncontrolling interest113010624273112
Comprehensive income (loss), net of tax, attributable to parent:(35)47617(812)(847)(470)(182)

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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