Sunworks, Inc. (SUNW) financial statements (2021 and earlier)
Company profile
| Business Address |
1030 WINDING CREEK ROAD ROSEVILLE, CA 95678 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 3661 - Telephone and Telegraph Apparatus (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 investments | 39 | 3 | 4 | 6 | 11 | 12 | 0 | ||
| Cash and cash equivalents | 39 | 3 | 4 | 6 | 11 | 12 | 0 | ||
| Restricted cash and investments | 0 | 0 | 0 | 0 | 0 | ||||
| Receivables | 3 | 8 | 8 | 11 | 10 | 7 | 2 | ||
| Inventory, net of allowances, customer advances and progress billings | 1 | 3 | 3 | 4 | 3 | 1 | 0 | ||
| Inventory | 1 | 3 | 3 | 4 | 3 | 1 | 0 | ||
| Contract with customer, asset | 2 | 5 | 6 | ✕ | ✕ | ✕ | ✕ | ||
| Costs in excess of billings | ✕ | ✕ | ✕ | 4 | 4 | 2 | 1 | ||
| Other current assets | 0 | 0 | 0 | 2 | 0 | 0 | 0 | ||
| Other undisclosed current assets | 0 | ||||||||
| Total current assets: | 46 | 19 | 22 | 28 | 29 | 23 | 4 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1 | 2 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 0 | 1 | 1 | 1 | 2 | 1 | 0 | ||
| Intangible assets, net (including goodwill) | 5 | 3 | |||||||
| Goodwill | 5 | 3 | |||||||
| Deposits noncurrent assets | 0 | 0 | |||||||
| Other noncurrent assets | 10 | 10 | 11 | 11 | 11 | 3 | |||
| Other undisclosed noncurrent assets | (3) | ||||||||
| Total noncurrent assets: | 6 | 12 | 10 | 13 | 13 | 12 | 3 | ||
| TOTAL ASSETS: | 52 | 31 | 32 | 41 | 42 | 35 | 7 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 7 | 11 | 12 | 13 | 13 | 5 | 2 | ||
| Accounts payable | 4 | 9 | 9 | 11 | 12 | 4 | 1 | ||
| Accrued liabilities | 3 | 2 | 2 | 2 | 1 | 0 | 0 | ||
| Employee-related liabilities | 1 | 1 | 1 | 1 | 0 | 0 | 0 | ||
| Other undisclosed accounts payable and accrued liabilities | 0 | ||||||||
| Deferred revenue | 6 | 5 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 1 | 1 | 1 | 1 | 1 | 2 | 1 | ||
| Derivative instruments and hedges, liabilities | 0 | ||||||||
| Billings in excess of cost | ✕ | ✕ | ✕ | 7 | 5 | 2 | 1 | ||
| Customer advances and deposits | ✕ | ✕ | ✕ | 3 | 0 | 0 | 0 | ||
| Contract with customer, liability | ✕ | ✕ | 5 | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed current liabilities | 1 | 1 | 0 | 2 | 1 | ||||
| Total current liabilities: | 15 | 18 | 18 | 24 | 19 | 11 | 5 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2 | 4 | 4 | 1 | 1 | 0 | |||
| Long-term debt, excluding current maturities | 2 | 3 | 4 | 1 | 1 | 0 | |||
| Operating lease, liability | 0 | 1 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 1 | 0 | 0 | 0 | 0 | 0 | |||
| Accounts payable and accrued liabilities | 1 | 0 | 0 | 0 | 0 | 0 | |||
| Other undisclosed noncurrent liabilities | 0 | ||||||||
| Total noncurrent liabilities: | 3 | 5 | 4 | 1 | 1 | 0 | |||
| Total liabilities: | 18 | 22 | 22 | 25 | 20 | 11 | 5 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 34 | 8 | 10 | 16 | 21 | 24 | 2 | ||
| Preferred stock | 0 | 0 | 0 | ||||||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Additional paid in capital | 123 | 81 | 73 | 72 | 70 | 63 | 43 | ||
| Accumulated deficit | (89) | (73) | (64) | (56) | (49) | (40) | (41) | ||
| Total stockholders' equity: | 34 | 8 | 10 | 16 | 21 | 24 | 2 | ||
| TOTAL LIABILITIES AND EQUITY: | 52 | 31 | 32 | 41 | 42 | 35 | 7 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 38 | 60 | 71 | 77 | 86 | 54 | 20 | |
| Revenue, net | ✕ | ✕ | ✕ | 1,400 | ||||
| Cost of revenue | (33) | (53) | (59) | (64) | (64) | (37) | (15) | |
| Cost of goods and services sold | (33) | (53) | (59) | |||||
| Gross profit: | 5 | 7 | 12 | 14 | 22 | 17 | 6 | |
| Operating expenses | (21) | (15) | (17) | (20) | (30) | (15) | (5) | |
| Operating income (loss): | (15) | (8) | (5) | (6) | (8) | 2 | 0 | |
| Nonoperating expense | (1) | (1) | (1) | (1) | (1) | (1) | (25) | |
| Other nonoperating income (expense) | 0 | 0 | (0) | 0 | (1) | (1) | (25) | |
| Interest and debt expense | (0) | (0) | (0) | (1) | (1) | (1) | (4) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 0 | 0 | 0 | 1 | 1 | 1 | 4 | |
| Net income (loss) attributable to parent: | (16) | (9) | (6) | (7) | (9) | 1 | (25) | |
| Preferred stock dividends and other adjustments | (0) | |||||||
| Net income (loss) available to common stockholders, diluted: | (16) | (9) | (6) | (7) | (9) | 1 | (25) | |
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): | (16) | (9) | (6) | (7) | (9) | 1 | (25) | |
| Comprehensive income (loss), net of tax, attributable to parent: | (16) | (9) | (6) | (7) | (9) | 1 | (25) | |
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.