2021 Q4 Form 10-Q Financial Statement

#000146310121000125 Filed on October 26, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $412.7M $351.5M $178.5M
YoY Change 55.84% 96.93% -0.86%
Cost Of Revenue $249.4M $211.2M $83.52M
YoY Change 74.53% 152.82% -27.59%
Gross Profit $163.3M $140.4M $94.98M
YoY Change 33.93% 47.77% 46.79%
Gross Profit Margin 39.57% 39.93% 53.21%
Selling, General & Admin $74.03M $73.60M $28.17M
YoY Change 173.95% 161.26% 44.86%
% of Gross Profit 45.33% 52.43% 29.66%
Research & Development $31.59M $29.41M $15.05M
YoY Change 99.92% 95.4% 35.79%
% of Gross Profit 19.34% 20.95% 15.85%
Depreciation & Amortization $10.97M $8.313M $4.800M
YoY Change 107.02% 73.19% 23.08%
% of Gross Profit 6.72% 5.92% 5.05%
Operating Expenses $105.6M $103.0M $43.22M
YoY Change 146.64% 138.32% 39.43%
Operating Profit $57.70M $37.35M $51.76M
YoY Change -27.07% -27.84% 53.56%
Interest Expense -$12.28M $12.63M $5.993M
YoY Change -308.02% 110.71% 162.16%
% of Operating Profit -21.28% 33.81% 11.58%
Other Income/Expense, Net $5.236M -$11.64M -$6.914M
YoY Change -167.46% 68.41% 196.1%
Pretax Income $50.54M $25.70M $44.80M
YoY Change -29.17% -42.63% 42.81%
Income Tax -$2.050M $3.900M $5.500M
% Of Pretax Income -4.06% 15.18% 12.28%
Net Earnings $52.59M $21.81M $39.36M
YoY Change -27.95% -44.59% 26.57%
Net Earnings / Revenue 12.74% 6.2% 22.05%
Basic Earnings Per Share
Diluted Earnings Per Share $369.7K $154.4K $277.9K
COMMON SHARES
Basic Shares Outstanding 134.9M shares 134.7M shares 126.1M shares
Diluted Shares Outstanding 141.2M shares 141.8M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.017B $1.394B $661.8M
YoY Change 49.64% 110.66% 226.01%
Cash & Equivalents $119.3M $885.5M $661.8M
Short-Term Investments $897.3M $508.6M
Other Short-Term Assets $37.78M $35.54M $28.50M
YoY Change 26.79% 24.71% 15.85%
Inventory $74.40M $65.41M $37.54M
Prepaid Expenses
Receivables $333.6M $273.0M $122.4M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.462B $1.768B $850.2M
YoY Change 56.74% 107.95% 117.16%
LONG-TERM ASSETS
Property, Plant & Equipment $82.17M $73.45M $35.19M
YoY Change 91.15% 108.73% 49.53%
Goodwill $181.3M $61.04M $24.78M
YoY Change 631.36% 146.29% 0.0%
Intangibles $97.76M $43.15M $26.84M
YoY Change 239.34% 60.76% -15.5%
Long-Term Investments
YoY Change
Other Assets $118.7M $136.1M $52.00M
YoY Change 98.29% 161.76% 27.86%
Total Long-Term Assets $616.8M $462.1M $242.1M
YoY Change 130.98% 90.86% 83.2%
TOTAL ASSETS
Total Short-Term Assets $1.462B $1.768B $850.2M
Total Long-Term Assets $616.8M $462.1M $242.1M
Total Assets $2.079B $2.230B $1.092B
YoY Change 73.26% 104.16% 108.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $113.8M $92.21M $48.15M
YoY Change 56.68% 91.52% -20.67%
Accrued Expenses $157.9M $139.2M $52.20M
YoY Change 106.31% 166.73% 30.54%
Deferred Revenue $62.67M $59.23M $41.74M
YoY Change 31.48% 41.91% 21.7%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $86.10M $86.04M $103.7M
YoY Change -73.59% -17.01% 3261.54%
Total Short-Term Liabilities $439.8M $393.5M $256.5M
YoY Change -17.65% 53.38% 74.72%
LONG-TERM LIABILITIES
Long-Term Debt $951.6M $940.2M $256.5M
YoY Change 19328.22% 266.64% 153.97%
Other Long-Term Liabilities $16.53M $20.62M $14.39M
YoY Change -3.0% 43.3% 20.19%
Total Long-Term Liabilities $968.1M $960.9M $270.8M
YoY Change 4312.6% 254.77% 139.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $439.8M $393.5M $256.5M
Total Long-Term Liabilities $968.1M $960.9M $270.8M
Total Liabilities $1.649B $1.582B $676.1M
YoY Change 130.28% 134.03% 82.06%
SHAREHOLDERS EQUITY
Retained Earnings -$405.7M -$158.3M -$124.2M
YoY Change 692.67% 27.5% -58.86%
Common Stock $1.000K $1.000K $1.000K
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $430.2M $647.8M $416.2M
YoY Change
Total Liabilities & Shareholders Equity $2.079B $2.230B $1.092B
YoY Change 73.26% 104.16% 108.59%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $52.59M $21.81M $39.36M
YoY Change -27.95% -44.59% 26.57%
Depreciation, Depletion And Amortization $10.97M $8.313M $4.800M
YoY Change 107.02% 73.19% 23.08%
Cash From Operating Activities $97.17M $113.4M $67.50M
YoY Change 15.54% 67.93% 1250.0%
INVESTING ACTIVITIES
Capital Expenditures -$13.21M -$12.93M -$3.900M
YoY Change 48.4% 231.59% -7.14%
Acquisitions
YoY Change
Other Investing Activities -$543.3M -$523.5M
YoY Change 10766.2%
Cash From Investing Activities -$556.5M -$536.4M -$3.900M
YoY Change 3903.73% 13654.41% -7.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -306.2M -3.271M -9.200M
YoY Change 471.33% -64.45% 187.5%
NET CHANGE
Cash From Operating Activities 97.17M 113.4M 67.50M
Cash From Investing Activities -556.5M -536.4M -3.900M
Cash From Financing Activities -306.2M -3.271M -9.200M
Net Change In Cash -765.6M -426.3M 54.40M
YoY Change -4711.91% -883.71% -2366.67%
FREE CASH FLOW
Cash From Operating Activities $97.17M $113.4M $67.50M
Capital Expenditures -$13.21M -$12.93M -$3.900M
Free Cash Flow $110.4M $126.3M $71.40M
YoY Change 18.69% 76.87% 676.09%

Facts In Submission

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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
140207000 shares
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
39362000 USD
us-gaap Net Income Loss
NetIncomeLoss
92858000 USD
us-gaap Net Income Loss
NetIncomeLoss
61004000 USD
CY2021Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.16
CY2020Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.31
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.69
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.49
CY2021Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.15
CY2020Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.28
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.65
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.44
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
134721000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126109000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
133719000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
125084000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
141220000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
141820000 shares
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
39362000 USD
us-gaap Net Income Loss
NetIncomeLoss
92858000 USD
us-gaap Net Income Loss
NetIncomeLoss
61004000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
21809000 USD
CY2021Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-1792000 USD
CY2020Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
797000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-302000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
567000 USD
CY2021Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-284000 USD
CY2020Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-284000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesNetOfTax
0 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
-97000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
-97000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-284000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-284000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
0 USD
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
19733000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
40159000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
92272000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
61571000 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
647815000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
416206000 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
647815000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
416206000 USD
us-gaap Net Income Loss
NetIncomeLoss
92858000 USD
us-gaap Net Income Loss
NetIncomeLoss
61004000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
254000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
21467000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
12750000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
450000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
31893000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
13516000 USD
us-gaap Gain Loss On Repurchase Of Debt Instrument
GainLossOnRepurchaseOfDebtInstrument
-56382000 USD
us-gaap Gain Loss On Repurchase Of Debt Instrument
GainLossOnRepurchaseOfDebtInstrument
0 USD
enph Deemed Repayment Of Convertible Notes Attributable To Accreted Debt Discount
DeemedRepaymentOfConvertibleNotesAttributableToAccretedDebtDiscount
15585000 USD
enph Deemed Repayment Of Convertible Notes Attributable To Accreted Debt Discount
DeemedRepaymentOfConvertibleNotesAttributableToAccretedDebtDiscount
0 USD
us-gaap Debt Securities Gain Loss
DebtSecuritiesGainLoss
3153000 USD
us-gaap Debt Securities Gain Loss
DebtSecuritiesGainLoss
0 USD
us-gaap Share Based Compensation
ShareBasedCompensation
77110000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
34214000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
0 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-44348000 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-28790000 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-14507000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
93069000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-23533000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
23640000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
5479000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
18762000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
10451000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
71787000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-9200000 USD
enph Increase Decrease In Warranty Obligations
IncreaseDecreaseInWarrantyObligations
21599000 USD
enph Increase Decrease In Warranty Obligations
IncreaseDecreaseInWarrantyObligations
6681000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
64308000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-24509000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
254855000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
132154000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
39050000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11707000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
250000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 USD
enph Payments To Acquire Debt Securities
PaymentsToAcquireDebtSecurities
58000000 USD
enph Payments To Acquire Debt Securities
PaymentsToAcquireDebtSecurities
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
55239000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
545490000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
0 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
35000000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-663029000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-11707000 USD
enph Proceedsfrom Convertible Debt Netof Issuance Costs
ProceedsfromConvertibleDebtNetofIssuanceCosts
1188439000 USD
enph Proceedsfrom Convertible Debt Netof Issuance Costs
ProceedsfromConvertibleDebtNetofIssuanceCosts
312420000 USD
us-gaap Payments For Hedge Financing Activities
PaymentsForHedgeFinancingActivities
286235000 USD
us-gaap Payments For Hedge Financing Activities
PaymentsForHedgeFinancingActivities
89056000 USD
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
220800000 USD
enph Payments For Partial Repurchase Of Convertible Debt
PaymentsForPartialRepurchaseOfConvertibleDebt
0 USD
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
71552000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1422000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2269000 USD
enph Payments For Partial Repurchase Of Convertible Debt
PaymentsForPartialRepurchaseOfConvertibleDebt
289312000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
3684000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
4708000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
200000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
20311000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
52042000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
615643000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
245313000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1302000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-77000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
206167000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
365683000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
679379000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
296109000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
885546000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
661792000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
6867000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2132000 USD
us-gaap Business Combination Consideration Transferred Liabilities Incurred
BusinessCombinationConsiderationTransferredLiabilitiesIncurred
3500000 USD
us-gaap Business Combination Consideration Transferred Liabilities Incurred
BusinessCombinationConsiderationTransferredLiabilitiesIncurred
0 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:6pt;margin-top:9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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, allowance for doubtful accounts, stock-based compensation, deferred compensation arrangements, inventory valuation, accrued warranty obligations, fair value of investments, debt derivatives, convertible notes and contingent consideration, fair value of acquired intangible assets and goodwill, useful lives of acquired intangible assets and property and equipment, incremental borrowing rate for right-of-use assets and lease liability, legal contingencies, and tax valuation allowance. 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.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In light of ongoing semiconductor supply and logistics constraints, and the evolving COVID-19 pandemic, management has considered their impact on the Company’s critical and significant accounting estimates on the date of issuance of these financial statements. These estimates may change, as new events occur and additional information is obtained, and are recognized in the consolidated financial statements as soon as they become known. Actual results could differ from those estimates and any such differences may be material to the Company’s condensed financial statements.</span></div>
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
351519000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
178503000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
969330000 USD
CY2021Q3 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
509586000 USD
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
351519000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
178503000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
969330000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
509586000 USD
CY2021Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
273012000 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
182165000 USD
CY2021Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
22461000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
17879000 USD
CY2021Q3 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
67380000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
51986000 USD
CY2021Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
59232000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
47665000 USD
CY2021Q3 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
177249000 USD
CY2020Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
125473000 USD
us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0 USD
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
69865000 USD
enph Contract With Customer Asset Amount Recognized
ContractWithCustomerAssetAmountRecognized
15957000 USD
enph Contract With Customer Asset New Contract Additions
ContractWithCustomerAssetNewContractAdditions
35933000 USD
CY2021Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
89841000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
173138000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
48704000 USD
enph Contract With Customer Liability Increase From Cash Receipts
ContractWithCustomerLiabilityIncreaseFromCashReceipts
112047000 USD
CY2021Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
236481000 USD
CY2021Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
16241000 USD
CY2021Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
56803000 USD
CY2021Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
50566000 USD
CY2021Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
45344000 USD
CY2021Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
38377000 USD
CY2021Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
29150000 USD
CY2021Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
236481000 USD
CY2021Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
22470000 USD
CY2020Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
10140000 USD
CY2021Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
42935000 USD
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
31624000 USD
CY2021Q3 us-gaap Inventory Net
InventoryNet
65405000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
41764000 USD
CY2021Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
10647000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
6634000 USD
CY2021Q3 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
66098000 USD
CY2020Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
36622000 USD
CY2021Q3 enph Accrued Freight Costs
AccruedFreightCosts
16624000 USD
CY2020Q4 enph Accrued Freight Costs
AccruedFreightCosts
10300000 USD
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4261000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4542000 USD
CY2021Q3 enph Supply Agreements Liability Current
SupplyAgreementsLiabilityCurrent
11762000 USD
CY2020Q4 enph Supply Agreements Liability Current
SupplyAgreementsLiabilityCurrent
5500000 USD
CY2021Q3 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
3653000 USD
CY2020Q4 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
0 USD
CY2021Q3 enph Business Combination Post Combination Expense Accrual Current
BusinessCombinationPostCombinationExpenseAccrualCurrent
5239000 USD
CY2020Q4 enph Business Combination Post Combination Expense Accrual Current
BusinessCombinationPostCombinationExpenseAccrualCurrent
0 USD
CY2021Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
7478000 USD
CY2020Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
384000 USD
CY2021Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
13481000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
12560000 USD
CY2021Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
139243000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
76542000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
24783000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
24783000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
36177000 USD
CY2020 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
78000 USD
CY2020 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
0 USD
CY2021Q3 us-gaap Goodwill
Goodwill
61038000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
24783000 USD
CY2021Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
286000 USD
CY2021Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
286000 USD
CY2020Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
286000 USD
CY2020Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
286000 USD
CY2021Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
39807000 USD
us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
21150000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
17811000 USD
CY2021Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
43146000 USD
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
36486000 USD
CY2020 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
3321000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
10999000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
28808000 USD
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2513000 USD
CY2020Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1247000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6812000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3740000 USD
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4780000 USD
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1939000 USD
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11993000 USD
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2410000 USD
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2506000 USD
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610000 USD
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1870000 USD
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10760000 USD
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16728000 USD
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10760000 USD
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33019000 USD
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3600000 USD
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2500000 USD
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400000 USD
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2200000 USD
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P6Y
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P6Y4M24D
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P3Y
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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341368000 USD
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P3Y
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1.96
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2296000 shares
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1.95
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CY2021Q3 us-gaap Income Tax Expense Benefit
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25700000 USD
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44800000 USD
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48100000 USD
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39362000 USD
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CY2021Q3 us-gaap Interest On Convertible Debt Net Of Tax
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44000 USD
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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92991000 USD
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134721000 shares
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133000 USD
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39406000 USD
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126109000 shares
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133719000 shares
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WeightedAverageNumberOfShareOutstandingBasicAndDiluted
125084000 shares
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126109000 shares
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133719000 shares
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125084000 shares
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6330000 shares
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0.16
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0.69
us-gaap Income Loss From Continuing Operations Per Basic Share
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0.49
CY2021Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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8413000 shares
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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3232000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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7742000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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4354000 shares

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