$ENPH
Enphase Energy, Inc. Stock $enph

$enph Overview Financials Valuation SEC Filings Company Website

2014 Q4 Form 10-Q Financial Statement

#000146310114000021 Filed on November 05, 2014

Income Statement

Concept	2014 Q4	2014 Q3	2013 Q3
Revenue	$105.2M	$99.11M	$62.05M
YoY Change	56.89%	59.74%	2.03%
Cost Of Revenue	$70.17M	$66.59M	$44.61M
YoY Change	54.02%	49.27%	0.27%
Gross Profit	$35.04M	$32.52M	$17.44M
YoY Change	62.98%	86.53%	6.81%
Gross Profit Margin	33.3%	32.81%	28.1%
Selling, General & Admin	$20.04M	$18.52M	$14.49M
YoY Change	39.33%	27.81%	3.85%
% of Gross Profit	57.21%	56.94%	83.09%
Research & Development	$13.04M	$12.11M	$8.293M
YoY Change	49.52%	46.05%	-21.55%
% of Gross Profit	37.22%	37.24%	47.57%
Depreciation & Amortization	$2.300M	$2.100M	$1.700M
YoY Change	21.05%	23.53%	21.43%
% of Gross Profit	6.56%	6.46%	9.75%
Operating Expenses	$33.08M	$30.63M	$22.78M
YoY Change	43.18%	34.45%	-7.1%
Operating Profit	$1.951M	$1.893M	-$5.345M
YoY Change	-221.1%	-135.42%	-34.79%
Interest Expense	-$600.0K	$356.0K	$437.0K
YoY Change	-14.29%	-18.54%	-17.08%
% of Operating Profit	-30.75%	18.81%
Other Income/Expense, Net	-$1.134M	-$953.0K	-$815.0K
YoY Change	44.83%	16.93%	40.52%
Pretax Income	$817.0K	$940.0K	-$6.160M
YoY Change	-134.13%	-115.26%	-29.82%
Income Tax	$415.0K	$127.0K	$141.0K
% Of Pretax Income	50.8%	13.51%
Net Earnings	$402.0K	$813.0K	-$6.301M
YoY Change	-114.31%	-112.9%	-29.26%
Net Earnings / Revenue	0.38%	0.82%	-10.16%
Basic Earnings Per Share		$0.02
Diluted Earnings Per Share	$9.174K	$0.02	-$150.7K
COMMON SHARES
Basic Shares Outstanding	43.62M shares	43.13M shares	41.78M shares
Diluted Shares Outstanding		48.79M shares	41.78M shares

Balance Sheet

Concept	2014 Q4	2014 Q3	2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$42.00M	$44.50M	$31.80M
YoY Change	9.95%	39.94%	-23.74%
Cash & Equivalents	$42.03M	$44.54M	$31.78M
Short-Term Investments
Other Short-Term Assets	$6.200M	$5.200M	$3.200M
YoY Change	67.57%	62.5%	-54.29%
Inventory	$21.59M	$15.49M	$24.39M
Prepaid Expenses
Receivables	$45.12M	$49.27M	$34.74M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$114.9M	$114.5M	$94.07M
YoY Change	26.94%	21.71%	-4.11%
LONG-TERM ASSETS
Property, Plant & Equipment	$30.82M	$28.83M	$24.82M
YoY Change	24.03%	16.12%	-0.31%
Goodwill	$3.745M
YoY Change
Intangibles	$1.811M
YoY Change	533.22%
Long-Term Investments
YoY Change
Other Assets	$916.0K	$1.410M	$1.420M
YoY Change	-10.28%	-0.7%	42.0%
Total Long-Term Assets	$37.30M	$30.24M	$26.24M
YoY Change	42.57%	15.21%	0.93%
TOTAL ASSETS
Total Short-Term Assets	$114.9M	$114.5M	$94.07M
Total Long-Term Assets	$37.30M	$30.24M	$26.24M
Total Assets	$152.2M	$144.7M	$120.3M
YoY Change	30.45%	20.29%	-3.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$22.32M	$21.99M	$15.10M
YoY Change	203.08%	45.61%	-0.64%
Accrued Expenses	$26.04M	$22.91M	$20.91M
YoY Change	76.16%	9.55%	36.66%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$0.00	$2.888M	$3.432M
YoY Change	-100.0%	-15.85%	-49.53%
Total Short-Term Liabilities	$58.71M	$57.95M	$42.42M
YoY Change	75.95%	36.6%	11.35%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$2.973M	$5.861M
YoY Change	-100.0%	-49.27%	14.92%
Other Long-Term Liabilities	$3.589M	$1.439M	$435.0K
YoY Change	211.01%	230.8%	-97.62%
Total Long-Term Liabilities	$46.53M	$4.412M	$6.296M
YoY Change	7.97%	-29.92%	-73.09%
TOTAL LIABILITIES
Total Short-Term Liabilities	$58.71M	$57.95M	$42.42M
Total Long-Term Liabilities	$46.53M	$4.412M	$6.296M
Total Liabilities	$105.2M	$102.3M	$79.98M
YoY Change	37.64%	27.86%	29.83%
SHAREHOLDERS EQUITY
Retained Earnings	-$161.0M	-$161.4M	-$150.1M
YoY Change	5.26%	7.5%
Common Stock	$0.00	$0.00	$0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$46.95M	$42.46M	$40.33M
YoY Change
Total Liabilities & Shareholders Equity	$152.2M	$144.7M	$120.3M
YoY Change	30.45%	20.29%	-3.05%

Cashflow Statement

Concept	2014 Q4	2014 Q3	2013 Q3
OPERATING ACTIVITIES
Net Income	$402.0K	$813.0K	-$6.301M
YoY Change	-114.31%	-112.9%	-29.26%
Depreciation, Depletion And Amortization	$2.300M	$2.100M	$1.700M
YoY Change	21.05%	23.53%	21.43%
Cash From Operating Activities	$8.900M	$11.20M	-$500.0K
YoY Change	17.11%	-2340.0%	-97.56%
INVESTING ACTIVITIES
Capital Expenditures	-$3.400M	-$5.500M	-$1.400M
YoY Change	142.86%	292.86%	-54.84%
Acquisitions
YoY Change
Other Investing Activities	-$3.300M
YoY Change
Cash From Investing Activities	-$6.700M	-$5.500M	-$1.400M
YoY Change	378.57%	292.86%	-54.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-4.400M	1.600M	-500.0K
YoY Change	-4500.0%	-420.0%	-70.59%
NET CHANGE
Cash From Operating Activities	8.900M	11.20M	-500.0K
Cash From Investing Activities	-6.700M	-5.500M	-1.400M
Cash From Financing Activities	-4.400M	1.600M	-500.0K
Net Change In Cash	-2.200M	7.300M	-2.400M
YoY Change	-134.92%	-404.17%	-90.51%
FREE CASH FLOW
Cash From Operating Activities	$8.900M	$11.20M	-$500.0K
Capital Expenditures	-$3.400M	-$5.500M	-$1.400M
Free Cash Flow	$12.30M	$16.70M	$900.0K
YoY Change	36.67%	1755.56%	-105.17%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	enph	Increase Decreasein Product Warranty Accrual IncreaseDecreaseinProductWarrantyAccrual	8028000	USD
	enph	Increase Decreasein Product Warranty Accrual IncreaseDecreaseinProductWarrantyAccrual	1875000	USD
CY2014Q3	enph	Line Of Credit Number Of Debt Agreements LineOfCreditNumberOfDebtAgreements	3	debt_agreement
	enph	Product Warranty Accrual Accretion Expense ProductWarrantyAccrualAccretionExpense	-87000	USD
	enph	Current Federal State And Local Tax Expense Benefit CurrentFederalStateAndLocalTaxExpenseBenefit	0	USD
	enph	Product Warranty Accrual Accretion Expense ProductWarrantyAccrualAccretionExpense	0	USD
CY2014Q3	enph	Product Warranty Accrual Accretion Expense ProductWarrantyAccrualAccretionExpense	-47000	USD
CY2013Q3	enph	Product Warranty Accrual Accretion Expense ProductWarrantyAccrualAccretionExpense	0	USD
CY2013Q4	enph	Product Warranty Accrual Current Fair Value Disclosure ProductWarrantyAccrualCurrentFairValueDisclosure	0	USD
CY2014Q3	enph	Product Warranty Accrual Current Fair Value Disclosure ProductWarrantyAccrualCurrentFairValueDisclosure	978000	USD
CY2014Q3	enph	Product Warranty Accrual Noncurrent Fair Value Disclosure ProductWarrantyAccrualNoncurrentFairValueDisclosure	1983000	USD
CY2013Q4	enph	Product Warranty Accrual Noncurrent Fair Value Disclosure ProductWarrantyAccrualNoncurrentFairValueDisclosure	0	USD
	enph	Product Warranty Accrual Other ProductWarrantyAccrualOther	-164000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	1111000	USD
	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	351000	USD
	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	447000	USD
	enph	Sharebased Compensation Arrangementby Sharebased Payment Award Options Exercisedin Period Fair Value SharebasedCompensationArrangementbySharebasedPaymentAwardOptionsExercisedinPeriodFairValue	4500000	USD
	us-gaap	Repayments Of Long Term Capital Lease Obligations RepaymentsOfLongTermCapitalLeaseObligations	0	USD
	us-gaap	Repayments Of Long Term Capital Lease Obligations RepaymentsOfLongTermCapitalLeaseObligations	40000	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	2847000	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	1815000	USD
	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-270000	USD
CY2014Q3	enph	Product Warranty Accrual Other ProductWarrantyAccrualOther	-175000	USD
	enph	Product Warranty Accrual Other ProductWarrantyAccrualOther	0	USD
CY2013Q3	enph	Product Warranty Accrual Other ProductWarrantyAccrualOther	0	USD
CY2013Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	192916000	USD
CY2013Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	7363000	USD
CY2014Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	21992000	USD
CY2013Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	32084000	USD
CY2014Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	49270000	USD
CY2013Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	14780000	USD
CY2014Q3	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	22906000	USD
CY2014Q3	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-56000	USD
CY2013Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	229000	USD
CY2014Q3	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	203911000	USD
CY2014Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	2530000	USD
CY2013Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	2045000	USD
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	4955000	USD
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	7037000	USD
CY2013Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	2000000	USD
CY2014Q3	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	2241000	USD
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	256000	USD
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	322000	USD
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	8770000	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	9926000	shares
CY2013Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	9268000	shares
CY2014Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	560000	shares
CY2013Q4	us-gaap	Assets Assets	116669000	USD
CY2014Q3	us-gaap	Assets Assets	144724000	USD
CY2013Q4	us-gaap	Assets Current AssetsCurrent	90509000	USD
CY2014Q3	us-gaap	Assets Current AssetsCurrent	114489000	USD
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	1291000	USD
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	305000	USD
CY2013Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	38190000	USD
CY2014Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	44537000	USD
CY2013Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	31778000	USD
CY2012Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	45294000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	6347000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-13516000	USD
CY2014Q3	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2013Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2014Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.00001
CY2013Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.00001
CY2014Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2013Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2013Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	42123000	shares
CY2014Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	43378000	shares
CY2013Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	42123000	shares
CY2014Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	43378000	shares
CY2014Q3	us-gaap	Common Stock Value CommonStockValue	0	USD
CY2013Q4	us-gaap	Common Stock Value CommonStockValue	0	USD
	us-gaap	Comparability Of Prior Year Financial Data ComparabilityOfPriorYearFinancialData	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain reclassifications of prior year's balances have been made to conform to current year presentation, including separately presenting balances for “Warranty obligations” in current liabilities on the condensed consolidated balance sheets and under changes in operating assets and liabilities on the condensed consolidated statements of cash flows.</font></div></div>
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-22958000	USD
CY2014Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	521000	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-8739000	USD
CY2013Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-6197000	USD
CY2014Q3	us-gaap	Cost Of Revenue CostOfRevenue	66592000	USD
CY2013Q3	us-gaap	Cost Of Revenue CostOfRevenue	44611000	USD
	us-gaap	Cost Of Revenue CostOfRevenue	119870000	USD
	us-gaap	Cost Of Revenue CostOfRevenue	160689000	USD
CY2013Q3	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	141000	USD
CY2014Q3	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	127000	USD
CY2013Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	2773000	USD
CY2014Q3	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	2418000	USD
CY2014Q3	us-gaap	Deferred Revenue Noncurrent DeferredRevenueNoncurrent	15339000	USD
CY2013Q4	us-gaap	Deferred Revenue Noncurrent DeferredRevenueNoncurrent	11284000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	5122000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	6004000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	4955000	USD
	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	4000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	7037000	USD
CY2014Q3	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	20700000	USD
	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P2Y10M5D
	us-gaap	Gain Loss On Sale Of Other Assets GainLossOnSaleOfOtherAssets	-82000	USD
	us-gaap	Gain Loss On Sale Of Other Assets GainLossOnSaleOfOtherAssets	-247000	USD
CY2014Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	8632000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	17899000	USD
CY2013Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	5937000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	22837000	USD
	us-gaap	Gross Profit GrossProfit	45920000	USD
CY2014Q3	us-gaap	Gross Profit GrossProfit	32521000	USD
CY2013Q3	us-gaap	Gross Profit GrossProfit	17435000	USD
	us-gaap	Gross Profit GrossProfit	78008000	USD
CY2013Q3	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	-5345000	USD
CY2014Q3	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	1893000	USD
	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	-20547000	USD
	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	-6380000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-22656000	USD
CY2013Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-6160000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-8103000	USD
CY2014Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	940000	USD
	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	-0.56
	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	-0.20
CY2013Q3	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	-0.15
CY2014Q3	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	0.02
	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	-0.56
CY2014Q3	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	0.02
	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	-0.20
CY2013Q3	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	-0.15
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod	257000	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice	7.50
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	1005000	shares
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	447000	USD
CY2014Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	127000	USD
CY2013Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	141000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	351000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	22638000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	3827000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	17897000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	7666000	USD
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	3700000	USD
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	4835000	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	4549000	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-1092000	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	1867000	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	969000	USD
	us-gaap	Interest Expense InterestExpense	1291000	USD
	us-gaap	Interest Expense InterestExpense	1385000	USD
CY2014Q3	us-gaap	Interest Expense InterestExpense	356000	USD
CY2013Q3	us-gaap	Interest Expense InterestExpense	437000	USD
CY2013Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	15152000	USD
CY2014Q3	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	12564000	USD
CY2013Q4	us-gaap	Inventory Net InventoryNet	16580000	USD
CY2014Q3	us-gaap	Inventory Net InventoryNet	15488000	USD
CY2013Q4	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	1428000	USD
CY2014Q3	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	2924000	USD
CY2014Q3	us-gaap	Liabilities Liabilities	102262000	USD
CY2013Q4	us-gaap	Liabilities Liabilities	76463000	USD
CY2014Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	144724000	USD
CY2013Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	116669000	USD
CY2013Q4	us-gaap	Liabilities Current LiabilitiesCurrent	33365000	USD
CY2014Q3	us-gaap	Liabilities Current LiabilitiesCurrent	57953000	USD
CY2014Q3	us-gaap	Loans Payable Current LoansPayableCurrent	2888000	USD
CY2013Q4	us-gaap	Loans Payable Current LoansPayableCurrent	3507000	USD
CY2014Q3	us-gaap	Long Term Debt LongTermDebt	5861000	USD
CY2013Q4	us-gaap	Long Term Debt LongTermDebt	8677000	USD
CY2014Q3	us-gaap	Long Term Debt Current LongTermDebtCurrent	2888000	USD
CY2013Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	3507000	USD
CY2013Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	5170000	USD
CY2014Q3	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	2973000	USD
CY2014Q3	us-gaap	Long Term Loans Payable LongTermLoansPayable	2973000	USD
CY2013Q4	us-gaap	Long Term Loans Payable LongTermLoansPayable	5170000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-183000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-9836000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-4886000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-8451000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	15342000	USD
CY2013Q3	us-gaap	Net Income Loss NetIncomeLoss	-6301000	USD
CY2014Q3	us-gaap	Net Income Loss NetIncomeLoss	813000	USD
	us-gaap	Net Income Loss NetIncomeLoss	-8454000	USD
	us-gaap	Net Income Loss NetIncomeLoss	-23103000	USD
CY2014Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-953000	USD
CY2013Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-815000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-2109000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-1723000	USD
CY2014Q3	us-gaap	Operating Expenses OperatingExpenses	30628000	USD
	us-gaap	Operating Expenses OperatingExpenses	84388000	USD
	us-gaap	Operating Expenses OperatingExpenses	66467000	USD
CY2013Q3	us-gaap	Operating Expenses OperatingExpenses	22780000	USD
CY2013Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	1307000	USD
CY2014Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	1410000	USD
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	-285000	USD
CY2014Q3	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	-292000	USD
CY2013Q3	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	104000	USD
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	145000	USD
CY2014Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	1439000	USD
CY2013Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	1154000	USD
CY2013Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-378000	USD
CY2014Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-597000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-432000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-724000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	9836000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	4886000	USD
CY2013Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.00001
CY2013Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2014Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.00001
CY2014Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2014Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2013Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2014Q3	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2013Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2013Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2014Q3	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2014Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	5194000	USD
CY2013Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	3655000	USD
	us-gaap	Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions	3958000	USD
	us-gaap	Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions	1672000	USD
CY2014Q3	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	32307000	USD
CY2014Q2	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	32969000	USD
CY2012Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	21338000	USD
CY2013Q3	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	29366000	USD
CY2013Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	30432000	USD
CY2013Q2	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	26777000	USD
CY2014Q3	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	7749000	USD
CY2013Q4	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	4942000	USD
CY2013Q3	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	8434000	USD
CY2013Q4	us-gaap	Product Warranty Accrual Noncurrent ProductWarrantyAccrualNoncurrent	25490000	USD
CY2014Q3	us-gaap	Product Warranty Accrual Noncurrent ProductWarrantyAccrualNoncurrent	24558000	USD
CY2013Q3	us-gaap	Product Warranty Accrual Noncurrent ProductWarrantyAccrualNoncurrent	20932000	USD
CY2013Q3	us-gaap	Product Warranty Accrual Preexisting Increase Decrease ProductWarrantyAccrualPreexistingIncreaseDecrease	3823000	USD
CY2014Q3	us-gaap	Product Warranty Accrual Preexisting Increase Decrease ProductWarrantyAccrualPreexistingIncreaseDecrease	1146000	USD
	us-gaap	Product Warranty Accrual Preexisting Increase Decrease ProductWarrantyAccrualPreexistingIncreaseDecrease	8537000	USD
	us-gaap	Product Warranty Accrual Preexisting Increase Decrease ProductWarrantyAccrualPreexistingIncreaseDecrease	5506000	USD
CY2013Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	24853000	USD
CY2014Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	28825000	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	711000	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	665000	USD
CY2014Q3	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	12112000	USD
CY2013Q3	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	8293000	USD
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	25803000	USD
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	32346000	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	165790000	USD
CY2013Q3	us-gaap	Sales Revenue Net SalesRevenueNet	62046000	USD
CY2014Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-161393000	USD
CY2013Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-152939000	USD
CY2014Q3	us-gaap	Sales Revenue Net SalesRevenueNet	99113000	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	238697000	USD
CY2013Q3	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	8550000	USD
CY2014Q3	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	9884000	USD
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	22765000	USD
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	29205000	USD
CY2014Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	89100000	USD
CY2014Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	8498000	shares
CY2013Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	8509000	shares
CY2014Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	4.52
CY2013Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	3.94
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	4.29
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	10.04
CY2013Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	41777000	shares
CY2014Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	43128000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	42664000	shares
CY2013Q3	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	2626000	USD
	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	5311000	USD
	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	6666000	USD
CY2014Q3	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	3041000	USD
	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	4802000	USD
CY2014Q3	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	1361000	USD
	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	3112000	USD
CY2013Q3	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	1392000	USD
	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	759000	shares
CY2013Q4	us-gaap	Stockholders Equity StockholdersEquity	40206000	USD
CY2014Q3	us-gaap	Stockholders Equity StockholdersEquity	42462000	USD
	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:8px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions about future events and apply judgments that affect the amounts reported in the condensed consolidated financial statements and the accompanying notes. Actual results could differ from these estimates. Significant estimates and assumptions by management affect the timing and amounts of revenue recognition, warranty obligations and expense and the carrying value of inventory.</font></div></div>
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	41517000	shares
CY2014Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	48786000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	42664000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	41517000	shares
CY2013Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	41777000	shares
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2014
	dei	Document Period End Date DocumentPeriodEndDate	2014-09-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001463101
CY2014Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	43624571	shares
	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	Enphase Energy, Inc.

Files In Submission

Name	View Source	Status
0001463101-14-000021-index-headers.html	Edgar Link	pending
0001463101-14-000021-index.html	Edgar Link	pending
0001463101-14-000021.txt	Edgar Link	pending
0001463101-14-000021-xbrl.zip	Edgar Link	pending
enph-20140930.xml	Edgar Link	completed
enph-20140930.xsd	Edgar Link	pending
enph-20140930_cal.xml	Edgar Link	unprocessable
enph-20140930_def.xml	Edgar Link	unprocessable
enph-20140930_lab.xml	Edgar Link	unprocessable
enph-20140930_pre.xml	Edgar Link	unprocessable
enph0930201410-q.htm	Edgar Link	pending
enph09302014ex101.htm	Edgar Link	pending
enph09302014ex311.htm	Edgar Link	pending
enph09302014ex312.htm	Edgar Link	pending
enph09302014ex321.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
vivintenphase.jpg	Edgar Link	pending
vivintsolar.jpg	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$ENPH
Enphase Energy, Inc. Stock $enph

2014 Q4 Form 10-Q Financial Statement

#000146310114000021 Filed on November 05, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ENPH Enphase Energy, Inc. Stock $enph

2014 Q4 Form 10-Q Financial Statement

#000146310114000021 Filed on November 05, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ENPH
Enphase Energy, Inc. Stock $enph