Sunrun Inc - Understand $run stock

$RUN Market Cap: $4.299 Billion

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Financial Snapshot

Revenue

$2.062B

TTM

Gross Margin

9.96%

TTM

Net Earnings

-$1.368B

TTM

Current Assets

$1.676B

Q2 2024

Current Liabilities

$1.008B

Q2 2024

Current Ratio

166.33%

Q2 2024

Total Assets

$21.44B

Q2 2024

Total Liabilities

$14.39B

Q2 2024

Book Value

$7.048B

Q2 2024

Cash

$1.042B

Q2 2024

P/E

-3.142

Sep 13, 2024 EST

Free Cash Flow

-$3.073B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Revenue	$2.260B	$2.321B	$1.610B	$922.2M	$858.6M	$760.0M	$532.5M	$477.1M	$304.6M	$198.6M	$54.74M
YoY Change	-2.65%	44.19%	74.58%	7.41%	12.97%	42.71%	11.62%	56.63%	53.41%	262.73%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Revenue	$2.260B	$2.321B	$1.610B	$922.2M	$858.6M	$760.0M	$532.5M	$477.1M	$304.6M	$198.6M	$54.74M
Cost Of Revenue	$2.097B	$2.023B	$1.365B	$743.5M	$645.8M	$534.9M	$254.1M	$239.4M	$168.8M	$100.8M	$43.10M
Gross Profit	$163.1M	$298.7M	$244.5M	$178.7M	$212.7M	$225.1M	$278.4M	$237.7M	$135.9M	$97.76M	$11.70M
Gross Profit Margin	7.22%	12.87%	15.19%	19.38%	24.77%	29.62%	52.28%	49.83%	44.6%	49.23%	21.37%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Selling, General & Admin	$961.9M	$934.6M	$882.1M	$619.0M	$400.2M	$323.9M	$253.8M	$261.2M	$229.9M	$146.8M	$55.64M
YoY Change	2.92%	5.95%	42.5%	54.7%	23.55%	27.6%	-2.81%	13.58%	56.6%	163.89%
% of Gross Profit	589.89%	312.89%	360.82%	346.42%	188.14%	143.89%	91.17%	109.85%	169.24%	150.19%	475.53%
Research & Development	$21.82M	$20.91M	$23.17M	$19.55M	$23.56M	$18.84M	$15.08M	$10.20M	$9.657M	$8.386M	$9.984M
YoY Change	4.35%	-9.75%	18.5%	-17.04%	25.04%	24.97%	47.85%	5.61%	15.16%	-16.01%
% of Gross Profit	13.38%	7.0%	9.48%	10.94%	11.08%	8.37%	5.42%	4.29%	7.11%	8.58%	85.33%
Depreciation & Amortization	$31.90M	$27.20M	$23.00M	$20.00M	$22.60M	$20.40M	$19.50M	$18.80M	$11.20M	$6.400M	$3.000M
YoY Change	17.28%	18.26%	15.0%	-11.5%	10.78%	4.62%	3.72%	67.86%	75.0%	113.33%
% of Gross Profit	19.56%	9.11%	9.41%	11.19%	10.63%	9.06%	7.0%	7.91%	8.24%	6.55%	25.64%
Operating Expenses	$983.7M	$955.5M	$905.3M	$638.6M	$423.7M	$342.7M	$268.9M	$271.4M	$239.6M	$155.2M	$65.62M
YoY Change	2.95%	5.55%	41.76%	50.71%	23.63%	27.46%	-0.9%	13.26%	54.36%	136.52%
Operating Profit	-$1.979B	-$662.2M	-$666.2M	-$465.1M	-$215.7M	-$121.9M	-$181.1M	-$192.1M	-$219.2M	-$132.6M	-$53.92M
YoY Change	198.8%	-0.6%	43.23%	115.59%	77.01%	-32.71%	-5.7%	-12.37%	65.29%	145.95%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Interest Expense	-$653.0M	-$445.8M	-$327.7M	-$230.6M	-$174.2M	-$131.8M	-$92.26M	-$73.34M	-$33.24M	-$27.52M	-$11.80M
YoY Change	46.47%	36.04%	42.11%	32.34%	32.23%	42.83%	25.79%	120.66%	20.77%	133.23%
% of Operating Profit
Other Income/Expense, Net	-$63.90M	$260.7M	$22.63M	$8.188M	-$9.254M	-$2.788M	-$1.874M	$840.0K	-$1.769M	-$3.043M	-$400.0K
YoY Change	-124.51%	1051.92%	176.36%	-188.48%	231.92%	48.77%	-323.1%	-147.48%	-41.87%	660.75%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Pretax Income	-$2.696B	-$847.4M	-$971.3M	-$687.5M	-$399.2M	-$250.9M	-$275.3M	-$264.6M	-$254.2M	-$167.5M	-$66.10M
YoY Change	218.11%	-12.76%	41.27%	72.21%	59.15%	-8.86%	4.04%	4.08%	51.73%	153.45%
Income Tax	-$12.69M	$2.291M	$9.271M	-$60.57M	-$8.218M	$9.322M	$12.35M	$56.26M	-$5.299M	-$10.04M	-$600.0K
% Of Pretax Income
Net Earnings	-$1.604B	$173.4M	-$79.42M	-$173.4M	$26.34M	$26.66M	$125.5M	$75.13M	-$28.25M	-$70.85M	-$1.201M
YoY Change	-1025.44%	-318.3%	-54.2%	-758.42%	-1.21%	-78.76%	67.03%	-365.98%	-60.13%	5799.42%
Net Earnings / Revenue	-71.0%	7.47%	-4.93%	-18.8%	3.07%	3.51%	23.56%	15.75%	-9.27%	-35.68%	-2.19%
Basic Earnings Per Share	-$7.41	$0.82	-$0.39	-$1.24	$0.23	$0.24	$1.19	$0.73	-$0.96	-$3.11
Diluted Earnings Per Share	-$7.41	$0.80	-$0.39	-$1.24	$0.21	$0.23	$1.16	$0.72	-$0.96	-$3.11	-$12.37K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Cash & Short-Term Investments	$678.8M	$740.5M	$617.6M	$520.0M	$270.0M	$227.0M	$203.0M	$206.0M	$204.0M	$152.0M	$100.0M
YoY Change	-8.33%	19.89%	18.78%	92.59%	18.94%	11.82%	-1.46%	0.98%	34.21%	52.0%
Cash & Equivalents								$206.0M	$204.0M	$152.0M	$100.0M
Short-Term Investments
Other Short-Term Assets	$571.7M	$359.0M	$277.2M	$239.0M	$120.0M	$87.00M	$48.00M	$18.00M	$15.00M	$9.000M	$9.000M
YoY Change	59.26%	29.49%	16.0%	99.17%	37.93%	81.25%	166.67%	20.0%	66.67%	0.0%
Inventory	$459.7M	$783.9M	$506.8M	$283.0M	$261.0M	$79.00M	$94.00M	$67.00M	$71.00M	$24.00M	$0.00
Prepaid Expenses
Receivables	$172.0M	$205.3M	$136.3M	$93.00M	$77.00M	$62.00M	$58.00M	$55.00M	$60.00M	$35.00M	$12.00M
Other Receivables	$0.00	$8.924M	$9.701M	$2.000M	$7.000M	$7.000M	$13.00M	$22.00M	$9.000M	$17.00M	$7.000M
Total Short-Term Assets	$1.882B	$2.098B	$1.548B	$1.138B	$734.0M	$461.0M	$417.0M	$369.0M	$360.0M	$237.0M	$128.0M
YoY Change	-10.27%	35.53%	36.0%	55.04%	59.22%	10.55%	13.01%	2.5%	51.9%	85.16%
Property, Plant & Equipment	$13.18B	$11.16B	$9.609B	$8.346B	$4.584B	$3.875B	$3.223B	$2.678B	$2.037B	$1.506B	$1.088B
YoY Change	18.08%	16.14%	15.14%	82.07%	18.3%	20.23%	20.35%	31.47%	35.26%	38.42%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$132.6M	$186.2M	$63.83M	$65.00M
YoY Change	-28.8%	191.73%	-1.81%
Other Assets	$2.268B	$1.212B	$756.6M	$384.0M	$270.0M	$234.0M	$169.0M	$420.0M	$228.0M	$125.0M	$109.0M
YoY Change	87.06%	60.23%	97.04%	42.22%	15.38%	38.46%	-59.76%	84.21%	82.4%	14.68%
Total Long-Term Assets	$18.57B	$17.17B	$14.94B	$13.25B	$5.072B	$4.289B	$3.546B	$3.204B	$2.375B	$1.696B	$1.197B
YoY Change	8.13%	14.97%	12.76%	161.14%	18.26%	20.95%	10.67%	34.91%	40.04%	41.69%
Total Assets	$20.45B	$19.27B	$16.48B	$14.38B	$5.806B	$4.750B	$3.963B	$3.573B	$2.735B	$1.933B	$1.325B
YoY Change
Accounts Payable	$230.7M	$339.2M	$288.1M	$207.0M	$223.0M	$131.0M	$115.0M	$66.00M	$104.0M	$51.00M	$18.00M
YoY Change	-31.97%	17.72%	39.18%	-7.17%	70.23%	13.91%	74.24%	-36.54%	103.92%	183.33%
Accrued Expenses	$499.2M	$406.5M	$364.1M	$326.0M	$148.0M	$99.00M	$97.00M	$59.00M	$49.00M	$25.00M	$13.00M
YoY Change	22.82%	11.62%	11.7%	120.27%	49.49%	2.06%	64.41%	20.41%	96.0%	92.31%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$569.9M	$169.3M	$201.1M	$206.0M	$45.00M	$45.00M	$29.00M	$30.00M	$17.00M	$9.000M	$38.00M
YoY Change	236.73%	-15.83%	-2.38%	357.78%	0.0%	55.17%	-3.33%	76.47%	88.89%	-76.32%
Total Short-Term Liabilities	$1.488B	$1.155B	$1.012B	$901.0M	$530.0M	$372.0M	$311.0M	$245.0M	$252.0M	$151.0M	$124.0M
YoY Change	28.79%	14.16%	12.33%	70.0%	42.47%	19.61%	26.94%	-2.78%	66.89%	21.77%
Long-Term Debt	$10.19B	$8.259B	$6.324B	$4.614B	$2.232B	$1.723B	$1.279B	$1.035B	$698.0M	$423.0M	$207.0M
YoY Change	23.42%	30.59%	37.06%	106.72%	29.54%	34.71%	23.57%	48.28%	65.01%	104.35%
Other Long-Term Liabilities	$1.732B	$1.543B	$1.473B	$1.496B	$1.340B	$1.151B	$925.0M	$816.0M	$787.0M	$697.0M	$558.0M
YoY Change	12.3%	4.74%	-1.55%	11.64%	16.42%	24.43%	13.36%	3.68%	12.91%	24.91%
Total Long-Term Liabilities	$11.93B	$9.801B	$7.797B	$6.110B	$3.572B	$2.874B	$2.204B	$1.851B	$1.485B	$1.120B	$765.0M
YoY Change	21.67%	25.71%	27.61%	71.05%	24.29%	30.4%	19.07%	24.65%	32.59%	46.41%
Total Liabilities	$15.22B	$12.56B	$10.23B	$8.305B	$4.842B	$3.801B	$3.082B	$2.900B	$2.181B	$1.608B	$1.160B
YoY Change	21.17%	22.8%	23.16%	71.52%	27.39%	23.33%	6.28%	32.97%	35.63%	38.62%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Basic Shares Outstanding	216.6M shares	211.3M shares	205.1M shares	139.6M shares	116.4M shares	110.1M shares	105.4M shares	102.4M shares	55.09M shares	22.80M
Diluted Shares Outstanding	216.6M shares	219.2M shares	205.1M shares	139.6M shares	123.9M shares	117.1M shares	108.2M shares	105.0M shares	55.09M shares	22.80M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Dividends

Stock Price

Market Cap: $4.2987 Billion

About Sunrun Inc

Sunrun, Inc. engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems. The company is headquartered in San Francisco, California and currently employs 10,833 full-time employees. The company went IPO on 2015-08-05. The firm is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. Its primary customers are residential homeowners. The firm also offers battery storage along with solar energy systems to its customers in select markets and sells its services to certain commercial developers through its multifamily and new homes offerings. The firm installs solar energy systems on its customers’ homes and provides them with the solar power produced by those systems for a 20- or 25-year initial term. In addition, it monitors, maintains, and ensures the system during the term of the contract. The firm also provides electric vehicle (EV) chargers, battery retrofits, re-powered or expanding systems, home energy management services, and other home electrification products.

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