SunPower Corporation (SPWR) financial statements (2021 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)
Annual | Quarterly

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 investments233423309435425955956
Cash and cash equivalents233423309435425955956
Restricted cash and investments6264244342419
Receivables110234185227234205512
Inventory, net of allowances, customer advances and progress billings211358308353402382209
Inventory211358308353402382209
Prepaid expense22152424309847
Deferred costs27303040686765
Derivative instruments and hedges, assets      52
Advances on inventory purchases310738311118598
Costs in excess of billings✕✕✕183339187
Other current assets 0010 48
Other undisclosed current assets179186136180578659211
Total current assets:7901,3811,0741,3521,9152,5152,403
Noncurrent Assets
Operating lease, right-of-use asset5451✕✕✕✕✕
Property, plant and equipment473248401,1481,027731585
Long-term investments and receivables  20339507335513
Long-term investments      243
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases✕✕20339507335270
Intangible assets, net (including goodwill), including:1713264412038
Goodwill     5821
Intangible assets, net (excluding goodwill)  1326446117
Other undisclosed intangible assets, net (including goodwill)17     
Regulated entity, other noncurrent assets    34515
Restricted cash and investments991972604832
Deferred costs      12
Other noncurrent assets69633116280186298312
Other undisclosed noncurrent assets5068226613795806448
Total noncurrent assets:8567911,2792,2782,6522,3421,954
TOTAL ASSETS:1,6462,1722,3533,6294,5674,8574,357
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities288646561675932828809
Accounts payable166442326407540515420
Accrued liabilities122204235268391313331
Employee-related liabilities      48
Interest and dividends payable      11
Deferred revenue72 ✕✕✕✕✕
Debt1602194058712118
Derivative instruments and hedges, liabilities      52
Deferred revenue and credits✕✕✕   33
Billings in excess of cost✕✕✕97711683
Customer advances and deposits✕✕✕55103432
Contract with customer, liability✕✕104✕✕✕✕
Other undisclosed current liabilities1034 300  102
Total current liabilities:5308987051,0961,0909991,130
Noncurrent Liabilities
Long-term debt and lease obligation1009798571,2441,5621,585913
Long-term debt, excluding current maturities569338571,2441,5621,585913
Operating lease, liability4446✕✕✕✕✕
Liabilities, other than long-term debt1882729391,0247216911,036
Customer advances or deposits✕✕✕690126149
Deferred revenue and credits✕✕✕   177
Accounts payable and accrued liabilities      141
Deferred revenue3068✕✕✕✕✕
Contract with customer, liability✕✕100✕✕✕✕
Liability, pension and other postretirement and postemployment benefits      10
Other liabilities158204839955721565555
Derivative instruments and hedges, liabilities      4
Other undisclosed noncurrent liabilities42212334(327)
Total noncurrent liabilities:7101,2521,7982,2712,2862,2811,623
Total liabilities:1,2402,1502,5033,3673,3763,2792,753
Temporary equity, carrying amount   151046929
Stockholders' equity
Stockholders' equity attributable to parent, including:40410(209)1431,0081,4491,534
Treasury stock, value(205)(193)(187)(182)(177)(155)(111)
Additional paid in capital2,6862,6622,4632,4432,4102,3602,220
Accumulated other comprehensive income (loss)9(10)(4)(3)(7)(8)(13)
Accumulated deficit(2,085)(2,450)(2,481)(2,115)(1,219)(748)(561)
Other undisclosed stockholders' equity attributable to parent0000000
Stockholders' equity attributable to noncontrolling interest21159104795942
Total stockholders' equity:40621(150)2471,0871,5091,576
TOTAL LIABILITIES AND EQUITY:1,6462,1722,3533,6294,5674,8574,357

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,1251,8641,7261,8722,5601,5763,027
Revenue, net✕✕✕1,8722,5601,5763,027
Cost of revenue(958)(1,738)(2,023)(1,887)(2,370)(1,332)(2,402)
Gross profit:167126(297)(15)190245625
Operating expenses(173) (552)(1,003)(652)(451)(374)
Operating income (loss):(6)126(849)(1,018)(462)(206)251
Nonoperating income (expense)66117(50)(99)(102)(36)(67)
Investment income, nonoperating 17     
Other nonoperating income (expense)693 55(11)(9)60
Interest and debt expense(33)(53)(108)(90)(61)(44)(70)
Other undisclosed income from continuing operations before equity method investments, income taxes  10890614470
Income (loss) from continuing operations before equity method investments, income taxes:62190(899)(1,117)(565)(242)185
Income (loss) from equity method investments(1)(7)(18)2028107
Income (loss) from continuing operations before income taxes:62183(916)(1,097)(537)(233)192
Income tax expense (benefit) (27)(1)4(7)(67)(9)
Income (loss) from continuing operations:62156(917)(1,093)(544)(299)183
Loss from discontinued operations(124)      
Income (loss) before gain (loss) on sale of properties:49756(917)(1,093)(544)(299)183
Other undisclosed net loss (64)     
Net income (loss):497(8)(917)(1,093)(544)(299)183
Net income attributable to noncontrolling interest1301062427311263
Other undisclosed net loss attributable to parent(22)      
Net income (loss) available to common stockholders, basic:47522(811)(851)(471)(187)246
Other undisclosed net income available to common stockholders, diluted139     7
Net income (loss) available to common stockholders, diluted:61422(811)(851)(471)(187)253

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):497(8)(917)(1,093)(544)(299)183
Other comprehensive income (loss)1(5)(1)415(9)
Other undisclosed comprehensive loss(22)      
Comprehensive income (loss):475(13)(919)(1,089)(543)(294)174
Comprehensive income, net of tax, attributable to noncontrolling interest1301062427311263
Comprehensive income (loss), net of tax, attributable to parent:47617(812)(847)(470)(182)237

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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