Vivint Solar, Inc. (VSLR) financial statements (2020 and earlier)

Company profile

Business Address 1800 WEST ASHTON BLVD.
LEHI, UT 84043
State of Incorp.
Fiscal Year End December 31
SIC 3433 - Heating Equipment, Except Electric and Warm Air Furnaces (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

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 investments1662201089792262
Cash and cash equivalents1662201089792262
Receivables2414201342
Inventory, net of allowances, customer advances and progress billings2113231111
Inventory2113231111
Prepaid expense78    
Assets held-for-sale, not part of disposal group    0
Other undisclosed current assets352334471717
Total current assets:252278185167114281
Noncurrent Assets
Property, plant and equipment181115234813
Intangible assets, net (including goodwill)31113955
Goodwill    3737
Intangible assets, net (excluding goodwill)3111218
Regulated entity, other noncurrent assets25251615  
Restricted cash and investments90714627157
Other noncurrent assets680283730149
Other undisclosed noncurrent assets1,7321,9142,1631,8631,380700
Total noncurrent assets:2,5472,0492,2791,9591,496783
TOTAL ASSETS:2,7992,3272,4642,1261,6091,064
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities17211491748587
Accounts payable594641475051
Accrued liabilities7943308129
Employee-related liabilities342621201417
Taxes payable    109
Deferred revenue41
Debt1914181154
Due to related parties200022
Deferred revenue and credits422161
Other undisclosed current liabilities8381627181
Total current liabilities:24116616813411695
Noncurrent Liabilities
Long-term debt and lease obligation1,5291,204928756426111
Long-term debt, excluding current maturities1,4831,203926751416105
Finance lease, liability6
Capital lease obligations125106
Operating lease, liability40
Liabilities, other than long-term debt92462385440288117
Deferred revenue and credits2934434
Deferred revenue18
Deferred tax liabilities, net437342395216112
Other liabilities7425141029 
Other undisclosed noncurrent liabilities54414    
Total noncurrent liabilities:2,1651,6791,3131,196714228
Total liabilities:2,4071,8451,4801,330830323
Temporary equity, carrying amount115120122130170128
Stockholders' equity
Stockholders' equity attributable to parent190289781556519478
Common stock111111
Additional paid in capital592574560542531503
Accumulated other comprehensive income (loss)(20)(7)78  
Retained earnings (accumulated deficit)(382)(280)2135(13)(26)
Stockholders' equity attributable to noncontrolling interest87748011190135
Total stockholders' equity:277362861667609613
TOTAL LIABILITIES AND EQUITY:2,7992,3272,4642,1261,6091,064

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues3412902681356425
Revenue, net2681356425
Operating leases, income statement, lease revenue174
Cost of revenue(259)(248)(230)(128)(121)(76)
Cost of goods and services sold (83)(89)(23)(2)(2)
Gross profit:8242387(57)(51)
Operating expenses(271)(155)(122)(210)(174)(111)
Operating loss:(189)(112)(84)(203)(231)(162)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(1)5(0)10(1)
Interest and debt expense(82)(65)(64)(34)(13)(9)
Loss from continuing operations before income taxes:(272)(173)(149)(235)(244)(173)
Income tax expense (benefit)(151)(106)157(7)(10)7
Income (loss) from continuing operations:(423)(280)8(243)(253)(166)
Income from discontinued operations     2
Income (loss) before gain (loss) on sale of properties:(423)(280)8(243)(253)(164)
Other undisclosed net loss     (2)
Net income (loss):(423)(280)8(243)(253)(166)
Net income attributable to noncontrolling interest321264201261266137
Net income (loss) available to common stockholders, diluted:(102)(16)2091813(29)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(423)(280)8(243)(253)(166)
Other comprehensive income   8  
Comprehensive income (loss):(423)(280)8(235)(253)(166)
Comprehensive income, net of tax, attributable to noncontrolling interest321264201261266137
Other undisclosed comprehensive loss, net of tax, attributable to parent(13)(17)(1)   
Comprehensive income (loss), net of tax, attributable to parent:(115)(33)2082613(29)

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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