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

12/31/2019
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 investments423309435425955956763
Cash and cash equivalents423309435425955956763
Restricted cash and investments264244342419 
Receivables234185227234205512361
Inventory, net of allowances, customer advances and progress billings358308353402382209246
Inventory358308353402382209246
Prepaid expense15242430984729
Deferred costs303040686765275
Derivative instruments and hedges, assets     52 
Advances on inventory purchases1073831111859859
Costs in excess of billings✕✕18333918732
Other current assets0010 4870
Other undisclosed current assets186136180578659211355
Total current assets:1,3811,0741,3521,9152,5152,4032,188
Noncurrent Assets
Operating lease, right-of-use asset51✕✕✕✕✕✕
Property, plant and equipment3248401,1481,027731585533
Long-term investments and receivables 20339507335513319
Long-term investments     243144
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases✕20339507335270175
Intangible assets, net (including goodwill), including:713264412038✕
Goodwill    5821 
Intangible assets, net (excluding goodwill) 1326446117 
Other undisclosed intangible assets, net (including goodwill)7     ✕
Regulated entity, other noncurrent assets   345156
Restricted cash and investments9197260483226
Deferred costs     1210
Other noncurrent assets33116280186298312298
Investments and other noncurrent assets✕✕✕✕✕✕55
Other undisclosed noncurrent assets68226613795806448461
Total noncurrent assets:7911,2792,2782,6522,3421,9541,710
TOTAL ASSETS:2,1722,3533,6294,5674,8574,3573,899
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities646561675932828809853
Accounts payable442326407540515420444
Accrued liabilities204235268391313331358
Employee-related liabilities     4850
Interest and dividends payable     11 
Debt219405871211857
Derivative instruments and hedges, liabilities     52 
Deferred revenue and credits✕✕   3329
Billings in excess of cost✕✕97711683309
Customer advances and deposits✕✕55103432✕
Contract with customer, liability✕104✕✕✕✕✕
Other undisclosed current liabilities34 300  102413
Total current liabilities:8987051,0961,0909991,1301,660
Noncurrent Liabilities
Long-term debt and lease obligation9798571,2441,5621,585913387
Long-term debt, excluding current maturities9338571,2441,5621,585913387
Operating lease, liability46✕✕✕✕✕✕
Liabilities, other than long-term debt2729391,0247216911,036868
Customer advances or deposits✕✕690126149167
Deferred revenue and credits✕✕   177177
Accounts payable and accrued liabilities     141 
Deferred revenue68✕✕✕✕✕✕
Contract with customer, liability✕100✕✕✕✕✕
Liability, pension and other postretirement and postemployment benefits     10✕
Other liabilities204839955721565555524
Derivative instruments and hedges, liabilities     4 
Other undisclosed noncurrent liabilities12334(327)(171)
Total noncurrent liabilities:1,2521,7982,2712,2862,2811,6231,084
Total liabilities:2,1502,5033,3673,3763,2792,7532,745
Temporary equity, carrying amount  151046929 
Stockholders' equity
Stockholders' equity attributable to parent, including:10(209)1431,0081,4491,5341,116
Common stock      0
Treasury stock, value(193)(187)(182)(177)(155)(111)(54)
Additional paid in capital2,6622,4632,4432,4102,3602,2201,981
Accumulated other comprehensive loss(10)(4)(3)(7)(8)(13)(4)
Accumulated deficit(2,450)(2,481)(2,115)(1,219)(748)(561)(806)
Other undisclosed stockholders' equity attributable to parent000000 
Stockholders' equity attributable to noncontrolling interest115910479594238
Total stockholders' equity:21(150)2471,0871,5091,5761,154
TOTAL LIABILITIES AND EQUITY:2,1722,3533,6294,5674,8574,3573,899

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,8641,7261,8722,5601,5763,0272,507
Revenue, net✕✕1,8722,5601,5763,0272,507
Cost of revenue(1,738)(2,023)(1,887)(2,370)(1,332)(2,402)(2,016)
Gross profit:126(297)(15)190245625491
Operating expenses (552)(1,003)(652)(451)(374)(332)
Operating income (loss):126(849)(1,018)(462)(206)251159
Nonoperating income (expense)17(50)(99)(102)(36)(67)(117)
Investment income, nonoperating17      
Loss on contract termination      (52)
Other nonoperating income (expense) 55(11)(9)60(15)
Interest and debt expense(53)(108)(90)(61)(44)(70)(109)
Other undisclosed income from continuing operations before equity method investments, income taxes 10890614470109
Income (loss) from continuing operations before equity method investments, income taxes:90(899)(1,117)(565)(242)18542
Income (loss) from equity method investments(7)(18)20281074
Income (loss) from continuing operations before income taxes:83(916)(1,097)(537)(233)19245
Income tax expense (benefit)(27)(1)4(7)(67)(9)(12)
Income (loss) before gain (loss) on sale of properties:56(917)(1,093)(544)(299)18334
Other undisclosed net loss(64)      
Net income (loss):(8)(917)(1,093)(544)(299)18334
Net income attributable to noncontrolling interest30106242731126362
Net income (loss) available to common stockholders, basic:22(811)(851)(471)(187)24696
Interest on convertible debt      1
Other undisclosed net income available to common stockholders, diluted     7 
Net income (loss) available to common stockholders, diluted:22(811)(851)(471)(187)25397

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(8)(917)(1,093)(544)(299)18334
Other comprehensive income (loss)(5)(1)415(9)(2)
Comprehensive income (loss):(13)(919)(1,089)(543)(294)17432
Comprehensive income, net of tax, attributable to noncontrolling interest30106242731126362
Comprehensive income (loss), net of tax, attributable to parent:17(812)(847)(470)(182)23794

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: