$ENPH
Enphase Energy, Inc. Stock $enph

$enph Overview Financials Valuation SEC Filings Company Website

2018 Q1 Form 10-Q Financial Statement

#000146310118000047 Filed on May 10, 2018

Income Statement

Concept	2018 Q1	2017 Q1
Revenue	$69.97M	$54.75M
YoY Change	27.8%	-14.61%
Cost Of Revenue	$51.66M	$47.70M
YoY Change	8.29%	-8.9%
Gross Profit	$18.32M	$7.048M
YoY Change	159.86%	-40.07%
Gross Profit Margin	26.17%	12.87%
Selling, General & Admin	$13.17M	$12.29M
YoY Change	7.15%	-30.88%
% of Gross Profit	71.91%	174.39%
Research & Development	$7.620M	$9.605M
YoY Change	-20.67%	-26.49%
% of Gross Profit	41.61%	136.28%
Depreciation & Amortization	$2.276M	$2.328M
YoY Change	-2.23%	-13.13%
% of Gross Profit	12.43%	33.03%
Operating Expenses	$20.79M	$29.14M
YoY Change	-28.66%	-5.53%
Operating Profit	-$2.475M	-$22.10M
YoY Change	-88.8%	15.75%
Interest Expense	$2.385M	$2.139M
YoY Change	11.5%	1307.24%
% of Operating Profit
Other Income/Expense, Net	-$2.418M	-$1.079M
YoY Change	124.1%	-303.97%
Pretax Income	-$4.893M	-$23.17M
YoY Change	-78.89%	24.87%
Income Tax	$235.0K	$131.0K
% Of Pretax Income
Net Earnings	-$5.128M	-$23.31M
YoY Change	-78.0%	24.0%
Net Earnings / Revenue	-7.33%	-42.57%
Basic Earnings Per Share
Diluted Earnings Per Share	-$55.80K	-$303.8K
COMMON SHARES
Basic Shares Outstanding	91.42M shares	82.53M shares
Diluted Shares Outstanding	91.42M shares

Balance Sheet

Concept	2018 Q1	2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$53.30M	$30.00M
YoY Change	77.67%	130.77%
Cash & Equivalents	$53.26M	$29.96M
Short-Term Investments
Other Short-Term Assets	$20.40M	$10.10M
YoY Change	101.98%	40.28%
Inventory	$18.54M	$33.81M
Prepaid Expenses
Receivables	$55.62M	$48.90M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$147.9M	$122.8M
YoY Change	20.4%	8.78%
LONG-TERM ASSETS
Property, Plant & Equipment	$24.93M	$30.91M
YoY Change	-19.35%	-6.24%
Goodwill	$3.664M	$3.664M
YoY Change	0.0%	-2.16%
Intangibles	$439.0K	$806.0K
YoY Change	-45.53%	-60.41%
Long-Term Investments
YoY Change
Other Assets	$35.24M	$9.333M
YoY Change	277.54%	35.44%
Total Long-Term Assets	$64.27M	$44.71M
YoY Change	43.74%	-2.03%
TOTAL ASSETS
Total Short-Term Assets	$147.9M	$122.8M
Total Long-Term Assets	$64.27M	$44.71M
Total Assets	$212.1M	$167.5M
YoY Change	26.63%	5.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$14.09M	$15.86M
YoY Change	-11.17%	-34.72%
Accrued Expenses	$5.600M	$21.70M
YoY Change	-74.19%	-7.38%
Deferred Revenue	$37.41M
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change		-100.0%
Long-Term Debt Due	$14.27M	$1.497M
YoY Change	853.11%
Total Short-Term Liabilities	$103.7M	$54.63M
YoY Change	89.8%	-31.67%
LONG-TERM LIABILITIES
Long-Term Debt	$36.46M	$45.38M
YoY Change	-19.67%
Other Long-Term Liabilities	$1.934M	$1.905M
YoY Change	1.52%	-16.56%
Total Long-Term Liabilities	$38.39M	$47.29M
YoY Change	-18.81%	1971.35%
TOTAL LIABILITIES
Total Short-Term Liabilities	$103.7M	$54.63M
Total Long-Term Liabilities	$38.39M	$47.29M
Total Liabilities	$243.3M	$160.0M
YoY Change	52.01%	20.36%
SHAREHOLDERS EQUITY
Retained Earnings	$43.40M	-$273.8M
YoY Change	-115.85%	35.65%
Common Stock	$1.000K	$1.000K
YoY Change	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$31.15M	$7.471M
YoY Change
Total Liabilities & Shareholders Equity	$212.1M	$167.5M
YoY Change	26.63%	5.67%

Cashflow Statement

Concept	2018 Q1	2017 Q1
OPERATING ACTIVITIES
Net Income	-$5.128M	-$23.31M
YoY Change	-78.0%	24.0%
Depreciation, Depletion And Amortization	$2.276M	$2.328M
YoY Change	-2.23%	-13.13%
Cash From Operating Activities	$3.361M	-$24.51M
YoY Change	-113.71%	60.74%
INVESTING ACTIVITIES
Capital Expenditures	$1.043M	$3.466M
YoY Change	-69.91%	3.52%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	-$1.043M	-$3.466M
YoY Change	-69.91%	3.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$20.00M	$26.52M
YoY Change	-24.59%
Debt Paid & Issued, Net	$771.0K	$0.00
YoY Change		-100.0%
Cash From Financing Activities	$21.73M	$40.59M
YoY Change	-46.46%	1232.44%
NET CHANGE
Cash From Operating Activities	$3.361M	-$24.51M
Cash From Investing Activities	-$1.043M	-$3.466M
Cash From Financing Activities	$21.73M	$40.59M
Net Change In Cash	$24.11M	$12.61M
YoY Change	91.22%	-181.08%
FREE CASH FLOW
Cash From Operating Activities	$3.361M	-$24.51M
Capital Expenditures	$1.043M	$3.466M
Free Cash Flow	$2.318M	-$27.98M
YoY Change	-108.29%	50.44%

Facts In Submission

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CY2017Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2018Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2017Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2018Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2017Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2018Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2017Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	9957000	USD
CY2018Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	20435000	USD
CY2017Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	26522000	USD
CY2018Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	19923000	USD
CY2017Q1	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	24162000	USD
CY2018Q1	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	2309000	USD
CY2017Q1	us-gaap	Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions	2000	USD
CY2018Q1	us-gaap	Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions	269000	USD
CY2016Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	31414000	USD
CY2017Q1	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	31995000	USD
CY2017Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	29816000	USD
CY2018Q1	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	30625000	USD
CY2018Q1	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	30600000	USD
CY2017Q1	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	8376000	USD
CY2017Q4	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	7427000	USD
CY2018Q1	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	7699000	USD
CY2017Q1	us-gaap	Product Warranty Accrual Noncurrent ProductWarrantyAccrualNoncurrent	23619000	USD
CY2017Q4	us-gaap	Product Warranty Accrual Noncurrent ProductWarrantyAccrualNoncurrent	22389000	USD
CY2018Q1	us-gaap	Product Warranty Accrual Noncurrent ProductWarrantyAccrualNoncurrent	22926000	USD
CY2017Q1	us-gaap	Product Warranty Accrual Period Increase Decrease ProductWarrantyAccrualPeriodIncreaseDecrease	578000	USD
CY2018Q1	us-gaap	Product Warranty Accrual Period Increase Decrease ProductWarrantyAccrualPeriodIncreaseDecrease	-142000	USD
CY2017Q1	us-gaap	Product Warranty Accrual Preexisting Increase Decrease ProductWarrantyAccrualPreexistingIncreaseDecrease	291000	USD
CY2018Q1	us-gaap	Product Warranty Accrual Preexisting Increase Decrease ProductWarrantyAccrualPreexistingIncreaseDecrease	1450000	USD
CY2017Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	26483000	USD
CY2018Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	24926000	USD
CY2017Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	142000	USD
CY2018Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	600000	USD
CY2017Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	10100000	USD
CY2018Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	0	USD
CY2017Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	0	USD
CY2018Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	771000	USD
CY2017Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	9605000	USD
CY2018Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	7620000	USD
CY2017Q1	us-gaap	Restructuring Costs And Asset Impairment Charges RestructuringCostsAndAssetImpairmentCharges	1920000	USD
CY2018Q1	us-gaap	Restructuring Costs And Asset Impairment Charges RestructuringCostsAndAssetImpairmentCharges	0	USD
CY2017Q1	us-gaap	Restructuring Settlement And Impairment Provisions RestructuringSettlementAndImpairmentProvisions	7247000	USD
CY2018Q1	us-gaap	Restructuring Settlement And Impairment Provisions RestructuringSettlementAndImpairmentProvisions	0	USD
CY2017Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-295727000	USD
CY2018Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-339803000	USD
CY2018Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	69972000	USD
CY2018Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	29698000	USD
CY2018Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	28199000	USD
CY2018Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	22695000	USD
CY2018Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	16147000	USD
CY2018Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	11097000	USD
CY2018Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	7837000	USD
CY2018Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	115673000	USD
CY2018Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1571000	USD
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue	300000	USD
CY2018Q1	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod	P9M
CY2018Q1	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod	P1Y
CY2018Q1	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod	P1Y
CY2018Q1	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod	P1Y
CY2018Q1	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod	P1Y
CY2018Q1	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod
CY2017Q1	us-gaap	Sales Revenue Net SalesRevenueNet	54751000	USD
CY2018Q1	us-gaap	Sales Revenue Net SalesRevenueNet	69972000	USD
CY2017Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	6458000	USD
CY2018Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	6227000	USD
CY2017Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1929000	USD
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod	34000	shares
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice	1.98
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	69000	shares
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	25000000	USD
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	8426000	shares
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	8327000	shares
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	1.77
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	1.77
CY2018Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	2.00
CY2018Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	2.86
CY2017Q1	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	1617000	USD
CY2018Q1	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	1676000	USD
CY2017Q1	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	834000	USD
CY2018Q1	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	758000	USD
CY2018Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	134000	shares
CY2017Q4	us-gaap	Stockholders Equity StockholdersEquity	-9126000	USD
CY2018Q1	us-gaap	Stockholders Equity StockholdersEquity	-31151000	USD
CY2017Q1	us-gaap	Warrants Not Settleable In Cash Fair Value Disclosure WarrantsNotSettleableInCashFairValueDisclosure	1447000	USD
CY2017Q4	us-gaap	Warrants Not Settleable In Cash Fair Value Disclosure WarrantsNotSettleableInCashFairValueDisclosure	1400000	USD
CY2018Q1	us-gaap	Warrants Not Settleable In Cash Fair Value Disclosure WarrantsNotSettleableInCashFairValueDisclosure	0	USD
CY2017Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	76651000	shares
CY2018Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	91422000	shares
CY2018Q1	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
0001463101-18-000047-index-headers.html	Edgar Link	pending
0001463101-18-000047-index.html	Edgar Link	pending
0001463101-18-000047.txt	Edgar Link	pending
0001463101-18-000047-xbrl.zip	Edgar Link	pending
a2018q110-qexx311.htm	Edgar Link	pending
a2018q110-qexx312.htm	Edgar Link	pending
a2018q110-qexx321.htm	Edgar Link	pending
a2018q1form10-q.htm	Edgar Link	pending
enph-20180331.xml	Edgar Link	completed
enph-20180331.xsd	Edgar Link	pending
enph-20180331_cal.xml	Edgar Link	unprocessable
enph-20180331_def.xml	Edgar Link	unprocessable
enph-20180331_lab.xml	Edgar Link	unprocessable
enph-20180331_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
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R9999.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$ENPH
Enphase Energy, Inc. Stock $enph

2018 Q1 Form 10-Q Financial Statement

#000146310118000047 Filed on May 10, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ENPH Enphase Energy, Inc. Stock $enph

2018 Q1 Form 10-Q Financial Statement

#000146310118000047 Filed on May 10, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ENPH
Enphase Energy, Inc. Stock $enph