$ENPH
Enphase Energy, Inc.

2024 Q3 Form 10-Q Financial Statement

#000146310124000119 Filed on July 23, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q2
Revenue $380.9M $303.5M $711.1M
YoY Change -30.89% -57.33% 34.12%
Cost Of Revenue $202.7M $166.3M $387.8M
YoY Change -29.88% -57.12% 24.61%
Gross Profit $178.2M $137.2M $323.3M
YoY Change -32.0% -57.58% 47.64%
Gross Profit Margin 46.78% 45.2% 45.47%
Selling, General & Admin $79.86M $85.33M $92.80M
YoY Change -10.42% -8.06% 8.27%
% of Gross Profit 44.82% 62.21% 28.7%
Research & Development $47.84M $48.87M $60.04M
YoY Change -12.81% -18.61% 52.95%
% of Gross Profit 26.85% 35.63% 18.57%
Depreciation & Amortization $20.10M $20.48M $17.83M
YoY Change 3.09% 14.9% 16.93%
% of Gross Profit 11.28% 14.93% 5.51%
Operating Expenses $128.4M $135.4M $153.0M
YoY Change -10.86% -11.54% 22.45%
Operating Profit $49.79M $1.799M $170.3M
YoY Change -57.8% -98.94% 81.12%
Interest Expense $17.00M $15.05M $2.219M
YoY Change 674.09% 578.32% 2.35%
% of Operating Profit 34.14% 836.69% 1.3%
Other Income/Expense, Net $955.0K $9.417M $14.27M
YoY Change -95.07% -34.03% -880.85%
Pretax Income $50.70M $11.20M $184.6M
YoY Change -63.07% -93.93% 100.22%
Income Tax $5.000M $400.0K $27.40M
% Of Pretax Income 9.86% 3.57% 14.84%
Net Earnings $45.76M $10.83M $157.2M
YoY Change -59.84% -93.11% 104.21%
Net Earnings / Revenue 12.02% 3.57% 22.1%
Basic Earnings Per Share $0.34 $0.08 $1.15
Diluted Earnings Per Share $0.33 $0.08 $1.08
COMMON SHARES
Basic Shares Outstanding 135.4M shares 136.1M shares 137.0M shares
Diluted Shares Outstanding 139.9M shares 136.1M shares 145.1M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.767B $1.646B $1.800B
YoY Change -0.97% -8.56% 44.29%
Cash & Equivalents $256.3M $252.1M $278.7M
Short-Term Investments $1.510B $1.394B $1.522B
Other Short-Term Assets $160.6M $99.97M $35.81M
YoY Change 293.66% 179.18% 89.08%
Inventory $158.8M $176.1M $166.1M
Prepaid Expenses
Receivables $232.2M $277.5M $520.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.361B $2.242B $2.561B
YoY Change -9.15% -12.46% 47.51%
LONG-TERM ASSETS
Property, Plant & Equipment $148.4M $152.1M $151.7M
YoY Change -14.2% 0.27% 74.76%
Goodwill $214.3M $213.2M $214.3M
YoY Change 0.52% -0.49% 8.77%
Intangibles $51.15M $56.72M $85.96M
YoY Change -35.37% -34.02% -11.28%
Long-Term Investments
YoY Change
Other Assets $185.4M $204.2M $195.3M
YoY Change -13.86% 4.57% 51.2%
Total Long-Term Assets $903.3M $924.9M $905.1M
YoY Change -5.44% 2.19% 29.09%
TOTAL ASSETS
Total Short-Term Assets $2.361B $2.242B $2.561B
Total Long-Term Assets $903.3M $924.9M $905.1M
Total Assets $3.264B $3.167B $3.466B
YoY Change -8.15% -8.64% 42.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $112.4M $79.65M $79.08M
YoY Change 24.75% 0.72% -12.53%
Accrued Expenses $189.8M $197.6M $425.3M
YoY Change -56.35% -53.55% 114.88%
Deferred Revenue $129.6M $123.6M $109.2M
YoY Change 13.61% 13.19% 47.4%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $99.93M $98.59M $93.38M
YoY Change 5.56% 5.58% 5.6%
Total Short-Term Liabilities $567.5M $529.6M $743.6M
YoY Change -26.72% -28.78% 54.91%
LONG-TERM LIABILITIES
Long-Term Debt $1.200B $1.199B $1.201B
YoY Change 0.28% -0.14% 0.28%
Other Long-Term Liabilities $62.39M $52.87M $50.25M
YoY Change 16.05% 5.22% 110.57%
Total Long-Term Liabilities $1.263B $1.252B $1.251B
YoY Change 0.95% 0.08% 2.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $567.5M $529.6M $743.6M
Total Long-Term Liabilities $1.263B $1.252B $1.251B
Total Liabilities $2.333B $2.282B $2.493B
YoY Change -8.13% -8.47% 25.54%
SHAREHOLDERS EQUITY
Retained Earnings -$104.9M -$100.9M $189.5M
YoY Change -183.71% -153.23% -175.44%
Common Stock $1.000K $1.000K $1.000K
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $68.14M
YoY Change
Treasury Stock Shares
Shareholders Equity $931.4M $884.5M $972.6M
YoY Change
Total Liabilities & Shareholders Equity $3.264B $3.167B $3.466B
YoY Change -8.15% -8.64% 42.21%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q2
OPERATING ACTIVITIES
Net Income $45.76M $10.83M $157.2M
YoY Change -59.84% -93.11% 104.21%
Depreciation, Depletion And Amortization $20.10M $20.48M $17.83M
YoY Change 3.09% 14.9% 16.93%
Cash From Operating Activities $170.1M $127.1M $269.2M
YoY Change 16.69% -52.81% 34.19%
INVESTING ACTIVITIES
Capital Expenditures $8.533M $9.636M $44.00M
YoY Change -64.15% -78.1% -606.29%
Acquisitions
YoY Change
Other Investing Activities -$103.9M -$17.99M -$20.05M
YoY Change -1254.99% -10.26% -137.7%
Cash From Investing Activities -$112.5M -$27.63M -$64.05M
YoY Change 660.01% -56.87% -243.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -56.07M -100.6M -212.2M
YoY Change -52.4% -52.59% 16480.78%
NET CHANGE
Cash From Operating Activities 170.1M 127.1M 269.2M
Cash From Investing Activities -112.5M -27.63M -64.05M
Cash From Financing Activities -56.07M -100.6M -212.2M
Net Change In Cash 1.585M -1.178M -7.043M
YoY Change -87.99% -83.27% -102.89%
FREE CASH FLOW
Cash From Operating Activities $170.1M $127.1M $269.2M
Capital Expenditures $8.533M $9.636M $44.00M
Free Cash Flow $161.6M $117.4M $225.2M
YoY Change 32.46% -47.87% 7.6%

Facts In Submission

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<div style="margin-bottom:6pt;margin-top:9pt;text-align:justify"><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 U.S. 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, income tax provision, inventory valuation, government grants, accrued warranty obligations, fair value of investments, convertible notes, 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. These estimates are based on information available as of the date of the financial statements; therefore, actual results could differ materially from those estimates due to risks and uncertainties, including uncertainty in the ongoing semiconductor supply and logistic constraints.</span></div>
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Goodwill
214562000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
213559000 usd
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-1323000 usd
CY2023 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
1003000 usd
CY2024Q2 us-gaap Goodwill
Goodwill
213239000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
214562000 usd
CY2024Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
286000 usd
CY2024Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
286000 usd
CY2023Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
286000 usd
CY2023Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
286000 usd
CY2024Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
140346000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
83631000 usd
CY2024Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
56715000 usd
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
144136000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
71793000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
68536000 usd
CY2024Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5910000 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6794000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
11838000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
13588000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
10887000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
21370000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
19080000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
5092000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
56429000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
1505300000 usd
CY2024Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
286000 usd
CY2024Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
3719000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
1501867000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
1541584000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
1863000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
2218000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
1541229000 usd
CY2024Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
1128945000 usd
CY2024Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
1126814000 usd
CY2024Q2 enph Debt Securities Available For Sale Amortized Cost Maturity Allocated And Single Maturity Date After Year One Through Three
DebtSecuritiesAvailableForSaleAmortizedCostMaturityAllocatedAndSingleMaturityDateAfterYearOneThroughThree
376355000 usd
CY2024Q2 enph Debt Securities Available For Sale Fair Value Maturity Allocated And Single Maturity Date After Year One Through Three
DebtSecuritiesAvailableForSaleFairValueMaturityAllocatedAndSingleMaturityDateAfterYearOneThroughThree
375053000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
1501867000 usd
CY2024Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
177164000 usd
CY2023Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
146034000 usd
CY2023Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
189087000 usd
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
131446000 usd
CY2024Q2 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
6424000 usd
CY2023Q2 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
16344000 usd
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
12522000 usd
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
32515000 usd
CY2024Q2 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-275000 usd
CY2023Q2 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-10363000 usd
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-12636000 usd
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-6635000 usd
CY2024Q2 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
7606000 usd
CY2023Q2 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
5092000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
14499000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
13986000 usd
CY2024Q2 enph Product Warranty Accrual Accretion Expense
ProductWarrantyAccrualAccretionExpense
2690000 usd
CY2023Q2 enph Product Warranty Accrual Accretion Expense
ProductWarrantyAccrualAccretionExpense
3907000 usd
enph Product Warranty Accrual Accretion Expense
ProductWarrantyAccrualAccretionExpense
5595000 usd
enph Product Warranty Accrual Accretion Expense
ProductWarrantyAccrualAccretionExpense
7452000 usd
CY2024Q2 enph Standard Product Warranty Accrual Change In Discount Rate
StandardProductWarrantyAccrualChangeInDiscountRate
759000 usd
CY2023Q2 enph Standard Product Warranty Accrual Change In Discount Rate
StandardProductWarrantyAccrualChangeInDiscountRate
31797000 usd
enph Standard Product Warranty Accrual Change In Discount Rate
StandardProductWarrantyAccrualChangeInDiscountRate
759000 usd
enph Standard Product Warranty Accrual Change In Discount Rate
StandardProductWarrantyAccrualChangeInDiscountRate
31797000 usd
CY2024Q2 enph Standard And Extended Product Warranty Accrual Other Period Increase Decrease
StandardAndExtendedProductWarrantyAccrualOtherPeriodIncreaseDecrease
-1977000 usd
CY2023Q2 enph Standard And Extended Product Warranty Accrual Other Period Increase Decrease
StandardAndExtendedProductWarrantyAccrualOtherPeriodIncreaseDecrease
-1912000 usd
enph Standard And Extended Product Warranty Accrual Other Period Increase Decrease
StandardAndExtendedProductWarrantyAccrualOtherPeriodIncreaseDecrease
-3649000 usd
enph Standard And Extended Product Warranty Accrual Other Period Increase Decrease
StandardAndExtendedProductWarrantyAccrualOtherPeriodIncreaseDecrease
-1874000 usd
CY2024Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
177179000 usd
CY2024Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
30261000 usd
CY2023Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
36686000 usd
CY2024Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
30261000 usd
CY2023Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
36686000 usd
CY2024Q2 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
146918000 usd
CY2023Q2 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
144029000 usd
CY2024Q2 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
146918000 usd
CY2023Q2 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
144029000 usd
CY2024Q2 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-300000 usd
CY2023Q2 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-10400000 usd
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-12600000 usd
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-6600000 usd
CY2024Q2 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
6000000 usd
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
6000000 usd
enph Warranty Obligations At Fair Value Increase In Fair Value Liability Resulting From One Percentage Point Increase In Profit Element And Risk Premium
WarrantyObligationsAtFairValueIncreaseInFairValueLiabilityResultingFromOnePercentagePointIncreaseInProfitElementAndRiskPremium
1100000 usd
enph Warranty Obligations At Fair Value Decrease In Fair Value Liability Resulting From One Percentage Point Decrease In Profit Element And Risk Premium
WarrantyObligationsAtFairValueDecreaseInFairValueLiabilityResultingFromOnePercentagePointDecreaseInProfitElementAndRiskPremium
-1100000 usd
enph Warranty Obligations At Fair Value Decrease In Fair Value Resulting From One Percentage Point Increase In Discount Rate
WarrantyObligationsAtFairValueDecreaseInFairValueResultingFromOnePercentagePointIncreaseInDiscountRate
-10600000 usd
enph Warranty Obligations At Fair Value Increase In Fair Value Resulting From One Percentage Point Decrease In Discount Rate
WarrantyObligationsAtFairValueIncreaseInFairValueResultingFromOnePercentagePointDecreaseInDiscountRate
12000000 usd
CY2024Q2 us-gaap Restructuring Charges
RestructuringCharges
1171000 usd
CY2023Q2 us-gaap Restructuring Charges
RestructuringCharges
177000 usd
us-gaap Restructuring Charges
RestructuringCharges
3078000 usd
us-gaap Restructuring Charges
RestructuringCharges
870000 usd
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
1298024000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
1293738000 usd
CY2024Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
98592000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 usd
CY2024Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1199432000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1293738000 usd
CY2024Q2 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P12Y
CY2024Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
2675000 usd
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
2416000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
5322000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
5008000 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5123000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5220000 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
18200000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
18802000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
23323000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
24022000 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y9M18D
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.069
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.070
CY2024Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
1699000 usd
CY2023Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
1788000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
3604000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
3490000 usd
CY2024Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
655000 usd
CY2023Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2852000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2350000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4368000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
3260000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
6219000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4557000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3211000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2801000 usd
CY2024Q2 enph Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
8995000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
29043000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
5720000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
23323000 usd
CY2024Q2 us-gaap Purchase Obligation
PurchaseObligation
159300000 usd
CY2024Q2 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
891896 shares
CY2024Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
112.02
CY2024Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
99900000 usd
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
1224631 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
115.87
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
141900000 usd
CY2023Q2 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
1254474 shares
CY2023Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
159.43
CY2023Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
200000000 usd
CY2023Q2 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
1254474 shares
CY2023Q2 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
833517 shares
CY2023Q3 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
420957 shares
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
52757000 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
54166000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
113590000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
113821000 usd
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
52757000 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
54166000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
113590000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
113821000 usd
CY2024Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
383400000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y6M
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
692000 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.01
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
672000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.76
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
81367000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
20000 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
10.44
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P0Y9M18D
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1776000 usd
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
20000 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
10.44
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P0Y9M18D
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
1776000 usd
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
20000 shares
CY2024Q2 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
10.44
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P0Y9M18D
CY2024Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
1776000 usd
CY2024Q2 us-gaap Share Price
SharePrice
99.71
CY2024Q2 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
20000 shares
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P0Y9M18D
CY2024Q2 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
10.44
CY2024Q2 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
20000 shares
CY2024Q2 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
10.44
CY2024Q2 us-gaap Share Price
SharePrice
99.71
CY2024Q2 us-gaap Share Price
SharePrice
99.71
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
400000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
27400000 usd
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
11200000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
184600000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-300000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
59500000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
363600000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
10833000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
157191000 usd
us-gaap Net Income Loss
NetIncomeLoss
-5264000 usd
us-gaap Net Income Loss
NetIncomeLoss
304064000 usd
CY2024Q2 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
0 usd
CY2023Q2 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
1651000 usd
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
0 usd
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
3255000 usd
CY2024Q2 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
10833000 usd
CY2023Q2 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
158842000 usd
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-5264000 usd
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
307319000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
135646000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
136607000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
135768000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
136650000 shares
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
135646000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
136607000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
135768000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
136650000 shares
CY2024Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
374000 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1760000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2155000 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
136123000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
145098000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
135768000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
145608000 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.15
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.04
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.23
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.09
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.11
CY2024Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
16611000 shares
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6227000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
16782000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5137000 shares
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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