$ENPH
Enphase Energy, Inc. Stock $enph

$enph Overview Financials Valuation SEC Filings Company Website

2017 Q2 Form 10-Q Financial Statement

#000146310117000054 Filed on May 10, 2017

Income Statement

Concept	2017 Q2	2017 Q1	2016 Q1
Revenue	$74.70M	$54.75M	$64.12M
YoY Change	-5.66%	-14.61%	-26.0%
Cost Of Revenue	$61.16M	$47.70M	$52.36M
YoY Change	-5.98%	-8.9%	-10.69%
Gross Profit	$13.55M	$7.048M	$11.76M
YoY Change	-4.17%	-40.07%	-58.04%
Gross Profit Margin	18.13%	12.87%	18.34%
Selling, General & Admin	$11.24M	$12.29M	$17.78M
YoY Change	-33.24%	-30.88%	-11.72%
% of Gross Profit	82.96%	174.39%	151.21%
Research & Development	$7.947M	$9.605M	$13.07M
YoY Change	-39.29%	-26.49%	-2.71%
% of Gross Profit	58.66%	136.28%	111.11%
Depreciation & Amortization	$2.300M	$2.328M	$2.680M
YoY Change	-14.81%	-13.13%	5.85%
% of Gross Profit	16.98%	33.03%	22.79%
Operating Expenses	$22.79M	$29.14M	$30.85M
YoY Change	-23.83%	-5.53%	-8.11%
Operating Profit	-$9.247M	-$22.10M	-$19.09M
YoY Change	-41.43%	15.75%	244.05%
Interest Expense	$2.080M	$2.139M	$152.0K
YoY Change	881.13%	1307.24%	94.87%
% of Operating Profit
Other Income/Expense, Net	-$1.992M	-$1.079M	$529.0K
YoY Change	237.06%	-303.97%	-187.44%
Pretax Income	-$11.24M	-$23.17M	-$18.56M
YoY Change	-31.38%	24.87%	201.63%
Income Tax	$854.0K	$131.0K	$236.0K
% Of Pretax Income
Net Earnings	-$12.09M	-$23.31M	-$18.80M
YoY Change	-27.69%	24.0%	197.39%
Net Earnings / Revenue	-16.19%	-42.57%	-29.31%
Basic Earnings Per Share
Diluted Earnings Per Share	-$143.4K	-$303.8K	-$406.9K
COMMON SHARES
Basic Shares Outstanding	84.28M shares	82.53M shares	46.21M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2017 Q2	2017 Q1	2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$31.00M	$30.00M	$13.00M
YoY Change	278.05%	130.77%	-52.03%
Cash & Equivalents	$30.95M	$29.96M	$13.02M
Short-Term Investments
Other Short-Term Assets	$13.30M	$10.10M	$7.200M
YoY Change	68.35%	40.28%	1.41%
Inventory	$20.84M	$33.81M	$45.58M
Prepaid Expenses
Receivables	$56.40M	$48.90M	$47.06M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$121.5M	$122.8M	$112.9M
YoY Change	16.34%	8.78%	-1.69%
LONG-TERM ASSETS
Property, Plant & Equipment	$29.35M	$30.91M	$32.96M
YoY Change	-15.15%	-6.24%	5.66%
Goodwill	$3.664M	$3.664M	$3.745M
YoY Change	-2.16%	-2.16%	0.0%
Intangibles	$668.0K	$806.0K	$2.036M
YoY Change	-63.93%	-60.41%	19.48%
Long-Term Investments
YoY Change
Other Assets	$8.493M	$9.333M	$6.891M
YoY Change	7.71%	35.44%	242.15%
Total Long-Term Assets	$42.18M	$44.71M	$45.64M
YoY Change	-12.27%	-2.03%	18.04%
TOTAL ASSETS
Total Short-Term Assets	$121.5M	$122.8M	$112.9M
Total Long-Term Assets	$42.18M	$44.71M	$45.64M
Total Assets	$163.7M	$167.5M	$158.5M
YoY Change	7.32%	5.67%	3.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$15.43M	$15.86M	$24.29M
YoY Change	-58.99%	-34.72%	-21.52%
Accrued Expenses	$25.80M	$21.70M	$23.43M
YoY Change	17.32%	-7.38%	15.8%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$20.00M
YoY Change	-100.0%	-100.0%
Long-Term Debt Due	$5.951M	$1.497M
YoY Change
Total Short-Term Liabilities	$63.35M	$54.63M	$79.95M
YoY Change	-25.14%	-31.67%	28.34%
LONG-TERM LIABILITIES
Long-Term Debt	$41.39M	$45.38M	$0.00
YoY Change
Other Long-Term Liabilities	$1.969M	$1.905M	$2.283M
YoY Change	-16.28%	-16.56%	-4.36%
Total Long-Term Liabilities	$43.35M	$47.29M	$2.283M
YoY Change	1743.28%	1971.35%	-4.36%
TOTAL LIABILITIES
Total Short-Term Liabilities	$63.35M	$54.63M	$79.95M
Total Long-Term Liabilities	$43.35M	$47.29M	$2.283M
Total Liabilities	$166.1M	$160.0M	$133.0M
YoY Change	18.57%	20.36%	21.41%
SHAREHOLDERS EQUITY
Retained Earnings	-$285.9M	-$273.8M	-$201.9M
YoY Change	30.81%	35.65%	20.65%
Common Stock	$1.000K	$1.000K	$0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$2.384M	$7.471M	$25.56M
YoY Change
Total Liabilities & Shareholders Equity	$163.7M	$167.5M	$158.5M
YoY Change	7.32%	5.67%	3.28%

Cashflow Statement

Concept	2017 Q2	2017 Q1	2016 Q1
OPERATING ACTIVITIES
Net Income	-$12.09M	-$23.31M	-$18.80M
YoY Change	-27.69%	24.0%	197.39%
Depreciation, Depletion And Amortization	$2.300M	$2.328M	$2.680M
YoY Change	-14.81%	-13.13%	5.85%
Cash From Operating Activities	$200.0K	-$24.51M	-$15.25M
YoY Change	-97.22%	60.74%	32.62%
INVESTING ACTIVITIES
Capital Expenditures	$0.00	$3.466M	$3.348M
YoY Change	-100.0%	3.52%	-7.28%
Acquisitions
YoY Change
Other Investing Activities	$0.00
YoY Change	-100.0%
Cash From Investing Activities	$0.00	-$3.466M	-$3.348M
YoY Change	-100.0%	3.52%	-7.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net		$26.52M	$0.00
YoY Change
Debt Paid & Issued, Net		$0.00	$55.00K
YoY Change		-100.0%
Cash From Financing Activities	100.0K	$40.59M	$3.046M
YoY Change	-101.45%	1232.44%	349.93%
NET CHANGE
Cash From Operating Activities	200.0K	-$24.51M	-$15.25M
Cash From Investing Activities	0.000	-$3.466M	-$3.348M
Cash From Financing Activities	100.0K	$40.59M	$3.046M
Net Change In Cash	300.0K	$12.61M	-$15.55M
YoY Change	-106.52%	-181.08%	7.75%
FREE CASH FLOW
Cash From Operating Activities	$200.0K	-$24.51M	-$15.25M
Capital Expenditures	$0.00	$3.466M	$3.348M
Free Cash Flow	$200.0K	-$27.98M	-$18.60M
YoY Change	-98.25%	50.44%	23.09%

Facts In Submission

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CY2017Q1	dei	Document Period End Date DocumentPeriodEndDate	2017-03-31
CY2017Q1	dei	Document Type DocumentType	10-Q
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CY2017Q1	us-gaap	Net Income Loss NetIncomeLoss	-23305000	USD
CY2016Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	529000	USD
CY2017Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-1079000	USD
CY2016Q1	us-gaap	Operating Expenses OperatingExpenses	30848000	USD
CY2017Q1	us-gaap	Operating Expenses OperatingExpenses	29143000	USD
CY2016Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-19088000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	-194000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	-339000	USD
CY2016Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	2025000	USD
CY2017Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	1905000	USD
CY2016Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	681000	USD
CY2017Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1060000	USD
CY2016Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	55000	USD
CY2017Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	0	USD
CY2016Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	3348000	USD
CY2017Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	3466000	USD
CY2016Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.00001
CY2017Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.00001
CY2016Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2017Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2016Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2017Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2016Q1	us-gaap	Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions	101000	USD
CY2016Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2017Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2016Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2017Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	7121000	USD
CY2017Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	10133000	USD
CY2016Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	USD
CY2017Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	26522000	USD
CY2016Q1	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	0	USD
CY2017Q1	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	24162000	USD
CY2017Q1	us-gaap	Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions	2000	USD
CY2016Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	10000000	USD
CY2017Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	0	USD
CY2015Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	30547000	USD
CY2016Q1	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	29659000	USD
CY2016Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	31414000	USD
CY2017Q1	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	31995000	USD
CY2016Q1	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	6651000	USD
CY2016Q4	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	8596000	USD
CY2017Q1	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	8376000	USD
CY2016Q1	us-gaap	Product Warranty Accrual Noncurrent ProductWarrantyAccrualNoncurrent	23008000	USD
CY2016Q4	us-gaap	Product Warranty Accrual Noncurrent ProductWarrantyAccrualNoncurrent	22818000	USD
CY2017Q1	us-gaap	Product Warranty Accrual Noncurrent ProductWarrantyAccrualNoncurrent	23619000	USD
CY2016Q1	us-gaap	Product Warranty Accrual Period Increase Decrease ProductWarrantyAccrualPeriodIncreaseDecrease	-419000	USD
CY2017Q1	us-gaap	Product Warranty Accrual Period Increase Decrease ProductWarrantyAccrualPeriodIncreaseDecrease	578000	USD
CY2016Q1	us-gaap	Product Warranty Accrual Preexisting Increase Decrease ProductWarrantyAccrualPreexistingIncreaseDecrease	158000	USD
CY2017Q1	us-gaap	Product Warranty Accrual Preexisting Increase Decrease ProductWarrantyAccrualPreexistingIncreaseDecrease	291000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	31440000	USD
CY2017Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	30905000	USD
CY2016Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	537000	USD
CY2017Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	142000	USD
CY2016Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	7000000	USD
CY2017Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	10100000	USD
CY2016Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	13066000	USD
CY2017Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	9605000	USD
CY2017Q1	us-gaap	Restructuring Charges RestructuringCharges	7200000	USD
CY2016Q1	us-gaap	Restructuring Costs And Asset Impairment Charges RestructuringCostsAndAssetImpairmentCharges	25000	USD
CY2017Q1	us-gaap	Restructuring Costs And Asset Impairment Charges RestructuringCostsAndAssetImpairmentCharges	1920000	USD
CY2016Q1	us-gaap	Restructuring Settlement And Impairment Provisions RestructuringSettlementAndImpairmentProvisions	0	USD
CY2017Q1	us-gaap	Restructuring Settlement And Impairment Provisions RestructuringSettlementAndImpairmentProvisions	7247000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-250535000	USD
CY2017Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-273840000	USD
CY2016Q1	us-gaap	Sales Revenue Net SalesRevenueNet	64121000	USD
CY2017Q1	us-gaap	Sales Revenue Net SalesRevenueNet	54751000	USD
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	4.29
CY2017Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	0.42
CY2016Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	10215000	USD
CY2017Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	6458000	USD
CY2016Q1	us-gaap	Share Based Compensation ShareBasedCompensation	2999000	USD
CY2017Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1929000	USD
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod	812000	shares
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice	6.50
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	191000	shares
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	1300000	USD
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	8730000	shares
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	8103000	shares
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	4.56
CY2017Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	1.15
CY2016Q1	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	1719000	USD
CY2017Q1	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	1617000	USD
CY2016Q1	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	708000	USD
CY2017Q1	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	834000	USD
CY2017Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	6000	shares
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	1300000	USD
CY2017Q1	us-gaap	Stockholders Equity StockholdersEquity	7471000	USD
CY2016Q1	us-gaap	Warrants Not Settleable In Cash Fair Value Disclosure WarrantsNotSettleableInCashFairValueDisclosure	0	USD
CY2017Q1	us-gaap	Warrants Not Settleable In Cash Fair Value Disclosure WarrantsNotSettleableInCashFairValueDisclosure	1400000	USD
CY2017Q1	us-gaap	Warrants Not Settleable In Cash Fair Value Disclosure WarrantsNotSettleableInCashFairValueDisclosure	1447000	USD
CY2016Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	46209000	shares
CY2017Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	76651000	shares
CY2017Q1	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:Arial;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:Arial;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 and accrued warranty obligations. 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
0001463101-17-000054-index-headers.html	Edgar Link	pending
0001463101-17-000054-index.html	Edgar Link	pending
0001463101-17-000054.txt	Edgar Link	pending
0001463101-17-000054-xbrl.zip	Edgar Link	pending
a2017q110-qexx311.htm	Edgar Link	pending
a2017q110-qexx312.htm	Edgar Link	pending
a2017q110-qexx321.htm	Edgar Link	pending
a2017q1form10-q.htm	Edgar Link	pending
enph-20170331.xml	Edgar Link	completed
enph-20170331.xsd	Edgar Link	pending
enph-20170331_cal.xml	Edgar Link	unprocessable
enph-20170331_def.xml	Edgar Link	unprocessable
enph-20170331_lab.xml	Edgar Link	unprocessable
enph-20170331_pre.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
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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
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2017 Q2 Form 10-Q Financial Statement

#000146310117000054 Filed on May 10, 2017

Income Statement

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$ENPH Enphase Energy, Inc. Stock $enph

2017 Q2 Form 10-Q Financial Statement

#000146310117000054 Filed on May 10, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ENPH
Enphase Energy, Inc. Stock $enph