$ENPH
Enphase Energy, Inc. Stock $enph

$enph Overview Financials Valuation SEC Filings Company Website

2016 Q1 Form 10-Q Financial Statement

#000146310116000048 Filed on May 04, 2016

Income Statement

Concept	2016 Q1	2015 Q1
Revenue	$64.12M	$86.65M
YoY Change	-26.0%	50.49%
Cost Of Revenue	$52.36M	$58.63M
YoY Change	-10.69%	50.62%
Gross Profit	$11.76M	$28.02M
YoY Change	-58.04%	50.22%
Gross Profit Margin	18.34%	32.34%
Selling, General & Admin	$17.78M	$20.14M
YoY Change	-11.72%	31.18%
% of Gross Profit	151.21%	71.87%
Research & Development	$13.07M	$13.43M
YoY Change	-2.71%	47.81%
% of Gross Profit	111.11%	47.92%
Depreciation & Amortization	$2.680M	$2.532M
YoY Change	5.85%	32.57%
% of Gross Profit	22.79%	9.04%
Operating Expenses	$30.85M	$33.57M
YoY Change	-8.11%	37.36%
Operating Profit	-$19.09M	-$5.548M
YoY Change	244.05%	-4.1%
Interest Expense	$152.0K	$78.00K
YoY Change	94.87%	-82.63%
% of Operating Profit
Other Income/Expense, Net	$529.0K	-$605.0K
YoY Change	-187.44%	76.9%
Pretax Income	-$18.56M	-$6.153M
YoY Change	201.63%	0.42%
Income Tax	$236.0K	$167.0K
% Of Pretax Income
Net Earnings	-$18.80M	-$6.320M
YoY Change	197.39%	1.35%
Net Earnings / Revenue	-29.31%	-7.29%
Basic Earnings Per Share
Diluted Earnings Per Share	-$406.9K	-$143.2K
COMMON SHARES
Basic Shares Outstanding	46.21M shares	43.95M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2016 Q1	2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$13.00M	$27.10M
YoY Change	-52.03%	-32.08%
Cash & Equivalents	$13.02M	$27.13M
Short-Term Investments
Other Short-Term Assets	$7.200M	$7.100M
YoY Change	1.41%	65.12%
Inventory	$45.58M	$34.75M
Prepaid Expenses
Receivables	$47.06M	$45.87M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$112.9M	$114.8M
YoY Change	-1.69%	32.32%
LONG-TERM ASSETS
Property, Plant & Equipment	$32.96M	$31.20M
YoY Change	5.66%	25.75%
Goodwill	$3.745M	$3.745M
YoY Change	0.0%
Intangibles	$2.036M	$1.704M
YoY Change	19.48%
Long-Term Investments
YoY Change
Other Assets	$6.891M	$2.014M
YoY Change	242.15%	28.28%
Total Long-Term Assets	$45.64M	$38.66M
YoY Change	18.04%	46.56%
TOTAL ASSETS
Total Short-Term Assets	$112.9M	$114.8M
Total Long-Term Assets	$45.64M	$38.66M
Total Assets	$158.5M	$153.5M
YoY Change	3.28%	35.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$24.29M	$30.95M
YoY Change	-21.52%	230.95%
Accrued Expenses	$23.43M	$20.23M
YoY Change	15.8%	48.99%
Deferred Revenue
YoY Change
Short-Term Debt	$20.00M	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$79.95M	$62.29M
YoY Change	28.34%	82.7%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00
YoY Change		-100.0%
Other Long-Term Liabilities	$2.283M	$2.387M
YoY Change	-4.36%	87.66%
Total Long-Term Liabilities	$2.283M	$2.387M
YoY Change	-4.36%	-58.33%
TOTAL LIABILITIES
Total Short-Term Liabilities	$79.95M	$62.29M
Total Long-Term Liabilities	$2.283M	$2.387M
Total Liabilities	$133.0M	$109.5M
YoY Change	21.41%	42.73%
SHAREHOLDERS EQUITY
Retained Earnings	-$201.9M	-$167.3M
YoY Change	20.65%	5.11%
Common Stock	$0.00	$0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$25.56M	$43.98M
YoY Change
Total Liabilities & Shareholders Equity	$158.5M	$153.5M
YoY Change	3.28%	35.64%

Cashflow Statement

Concept	2016 Q1	2015 Q1
OPERATING ACTIVITIES
Net Income	-$18.80M	-$6.320M
YoY Change	197.39%	1.35%
Depreciation, Depletion And Amortization	$2.680M	$2.532M
YoY Change	5.85%	32.57%
Cash From Operating Activities	-$15.25M	-$11.50M
YoY Change	32.62%	-368.58%
INVESTING ACTIVITIES
Capital Expenditures	$3.348M	$3.611M
YoY Change	-7.28%	66.25%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	-$3.348M	-$3.611M
YoY Change	-7.28%	66.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$0.00
YoY Change
Debt Paid & Issued, Net	$55.00K	$0.00
YoY Change		-100.0%
Cash From Financing Activities	$3.046M	$677.0K
YoY Change	349.93%	-264.32%
NET CHANGE
Cash From Operating Activities	-$15.25M	-$11.50M
Cash From Investing Activities	-$3.348M	-$3.611M
Cash From Financing Activities	$3.046M	$677.0K
Net Change In Cash	-$15.55M	-$14.43M
YoY Change	7.75%	-950.44%
FREE CASH FLOW
Cash From Operating Activities	-$15.25M	-$11.50M
Capital Expenditures	$3.348M	$3.611M
Free Cash Flow	-$18.60M	-$15.11M
YoY Change	23.09%	-816.41%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2016Q1	dei	Document Period End Date DocumentPeriodEndDate	2016-03-31
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CY2016Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	7237000	USD
CY2015Q1	us-gaap	Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions	677000	USD
CY2016Q1	us-gaap	Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions	101000	USD
CY2015Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	0	USD
CY2016Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	10000000	USD
CY2014Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	33940000	USD
CY2015Q1	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	34163000	USD
CY2015Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	30547000	USD
CY2016Q1	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	29700000	USD
CY2015Q1	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	7550000	USD
CY2015Q4	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	7072000	USD
CY2016Q1	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	6651000	USD
CY2015Q1	us-gaap	Product Warranty Accrual Noncurrent ProductWarrantyAccrualNoncurrent	26613000	USD
CY2015Q4	us-gaap	Product Warranty Accrual Noncurrent ProductWarrantyAccrualNoncurrent	23475000	USD
CY2016Q1	us-gaap	Product Warranty Accrual Noncurrent ProductWarrantyAccrualNoncurrent	23008000	USD
CY2015Q1	us-gaap	Product Warranty Accrual Preexisting Increase Decrease ProductWarrantyAccrualPreexistingIncreaseDecrease	58000	USD
CY2016Q1	us-gaap	Product Warranty Accrual Preexisting Increase Decrease ProductWarrantyAccrualPreexistingIncreaseDecrease	158000	USD
CY2015Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	32118000	USD
CY2016Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	32963000	USD
CY2015Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	0	USD
CY2016Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	537000	USD
CY2015Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	0	USD
CY2016Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	7000000	USD
CY2015Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	0	USD
CY2016Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	55000	USD
CY2015Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	13430000	USD
CY2016Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	13066000	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-183073000	USD
CY2016Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-201868000	USD
CY2015Q1	us-gaap	Sales Revenue Net SalesRevenueNet	86653000	USD
CY2016Q1	us-gaap	Sales Revenue Net SalesRevenueNet	64121000	USD
CY2015Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	11937000	USD
CY2016Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	10215000	USD
CY2015Q1	us-gaap	Share Based Compensation ShareBasedCompensation	2988000	USD
CY2016Q1	us-gaap	Share Based Compensation ShareBasedCompensation	2999000	USD
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue	700000	USD
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod	341000	shares
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice	7.28
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	1644000	shares
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	3800000	USD
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	8173000	shares
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	9129000	shares
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	5.36
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	4.90
CY2016Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	0.29
CY2016Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	2.12
CY2015Q1	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	1151000	USD
CY2016Q1	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	1719000	USD
CY2015Q1	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	1105000	USD
CY2016Q1	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	708000	USD
CY2016Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	347000	shares
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	41449000	USD
CY2016Q1	us-gaap	Stockholders Equity StockholdersEquity	25560000	USD
CY2015Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	43950000	shares
CY2016Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	46209000	shares
CY2015Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	43950000	shares
CY2016Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	46209000	shares
CY2016Q1	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 GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Significant estimates and assumptions reflected in the financial statements include revenue recognition, inventory valuation, accrued warranty obligations and stock bonus program. These estimates are based on information available as of the date of the financial statements; therefore, actual results could differ materially from management’s estimates using different assumptions or under different conditions.</font></div></div>

Files In Submission

Name	View Source	Status
0001463101-16-000048-index-headers.html	Edgar Link	pending
0001463101-16-000048-index.html	Edgar Link	pending
0001463101-16-000048.txt	Edgar Link	pending
0001463101-16-000048-xbrl.zip	Edgar Link	pending
a2016q110-qexx311.htm	Edgar Link	pending
a2016q110-qexx312.htm	Edgar Link	pending
a2016q110-qexx321.htm	Edgar Link	pending
a2016q1form10-q.htm	Edgar Link	pending
enph-20160331.xml	Edgar Link	completed
enph-20160331.xsd	Edgar Link	pending
enph-20160331_cal.xml	Edgar Link	unprocessable
enph-20160331_def.xml	Edgar Link	unprocessable
enph-20160331_lab.xml	Edgar Link	unprocessable
enph-20160331_pre.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
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
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R2.htm	Edgar Link	pending
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R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
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R44.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

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$ENPH
Enphase Energy, Inc. Stock $enph

2016 Q1 Form 10-Q Financial Statement

#000146310116000048 Filed on May 04, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ENPH Enphase Energy, Inc. Stock $enph

2016 Q1 Form 10-Q Financial Statement

#000146310116000048 Filed on May 04, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ENPH
Enphase Energy, Inc. Stock $enph