2023 Q4 Form 20-F Financial Statement

#000179689824000036 Filed on May 30, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q1
Revenue $227.6M $323.5M
YoY Change -17.36% 46.06%
Cost Of Revenue $224.9M $303.4M
YoY Change -22.77% 30.77%
Gross Profit $2.728M $20.09M
YoY Change -117.32% -290.49%
Gross Profit Margin 1.2% 6.21%
Selling, General & Admin $31.77M $26.13M
YoY Change 9.02% 7.68%
% of Gross Profit 1164.63% 130.09%
Research & Development $11.63M $11.40M
YoY Change -2.85% 6.58%
% of Gross Profit 426.21% 56.77%
Depreciation & Amortization $14.54M $13.96M
YoY Change 4.63% 15.2%
% of Gross Profit 532.95% 69.48%
Operating Expenses $43.40M $37.54M
YoY Change 5.56% 7.34%
Operating Profit -$40.67M -$17.45M
YoY Change -28.47% -61.66%
Interest Expense $26.67M -$27.03M
YoY Change 61.79% 65.47%
% of Operating Profit
Other Income/Expense, Net -$71.31M -$4.402M
YoY Change -3738.32% 489.29%
Pretax Income -$108.5M -$49.39M
YoY Change 181.77% -21.79%
Income Tax -$2.554M $28.03M
% Of Pretax Income
Net Earnings -$108.3M -$75.70M
YoY Change 142.23% 3.23%
Net Earnings / Revenue -47.56% -23.4%
Basic Earnings Per Share
Diluted Earnings Per Share -$2.21 -$1.84
COMMON SHARES
Basic Shares Outstanding 53.96M shares 45.03M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q4 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $268.1M $304.4M
YoY Change -2.86% 81.61%
Cash & Equivalents $208.1M $227.4M
Short-Term Investments $60.00M $76.97M
Other Short-Term Assets $92.38M $127.0M
YoY Change -22.88% 105.11%
Inventory $386.1M $303.2M
Prepaid Expenses $18.06M $24.23M
Receivables $91.33M $54.30M
Other Receivables $1.407M $19.39M
Total Short-Term Assets $839.4M $791.0M
YoY Change 9.15% 48.38%
LONG-TERM ASSETS
Property, Plant & Equipment $382.8M $398.3M
YoY Change -5.2% -0.92%
Goodwill $7.900M $0.00
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $3.061M
YoY Change -72.74%
Other Assets $78.30M $60.42M
YoY Change -6.18% -49.76%
Total Long-Term Assets $461.4M $469.4M
YoY Change -5.36% -10.33%
TOTAL ASSETS
Total Short-Term Assets $839.4M $791.0M
Total Long-Term Assets $461.4M $469.4M
Total Assets $1.301B $1.260B
YoY Change 3.52% 19.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $180.9M $247.9M
YoY Change -38.31% -8.36%
Accrued Expenses $107.7M $135.2M
YoY Change 16.56% 66.56%
Deferred Revenue $134.2M $139.3M
YoY Change 216.09%
Short-Term Debt $23.43M $50.53M
YoY Change -53.76% 99.27%
Long-Term Debt Due $25.43M
YoY Change
Total Short-Term Liabilities $516.5M $576.2M
YoY Change -9.23% 36.86%
LONG-TERM LIABILITIES
Long-Term Debt $385.1M $380.3M
YoY Change 1.7% 160.48%
Other Long-Term Liabilities $209.2M $63.66M
YoY Change 22.36% -52.31%
Total Long-Term Liabilities $594.3M $63.66M
YoY Change 8.12% -77.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $516.5M $576.2M
Total Long-Term Liabilities $594.3M $63.66M
Total Liabilities $1.131B $1.212B
YoY Change -0.07% 71.46%
SHAREHOLDERS EQUITY
Retained Earnings -$796.1M -$520.3M
YoY Change 97.85%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $169.9M $42.44M
YoY Change
Total Liabilities & Shareholders Equity $1.301B $1.260B
YoY Change 3.52% 19.3%

Cashflow Statement

Concept 2023 Q4 2023 Q1
OPERATING ACTIVITIES
Net Income -$108.3M -$75.70M
YoY Change 142.23% 3.23%
Depreciation, Depletion And Amortization $14.54M $13.96M
YoY Change 4.63% 15.2%
Cash From Operating Activities -$151.6M $39.73M
YoY Change 279.02% 68.29%
INVESTING ACTIVITIES
Capital Expenditures $15.13M $7.416M
YoY Change -193.69% -119.8%
Acquisitions
YoY Change
Other Investing Activities $971.0K $146.0K
YoY Change -101.28% -111.89%
Cash From Investing Activities -$14.16M -$7.270M
YoY Change -84.63% -81.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$699.0K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -12.89M -1.831M
YoY Change -106.8% -142.77%
NET CHANGE
Cash From Operating Activities -151.6M 39.73M
Cash From Investing Activities -14.16M -7.270M
Cash From Financing Activities -12.89M -1.831M
Net Change In Cash -178.6M 30.63M
YoY Change -412.14% -383.78%
FREE CASH FLOW
Cash From Operating Activities -$151.6M $39.73M
Capital Expenditures $15.13M $7.416M
Free Cash Flow -$166.7M $32.31M
YoY Change 599.29% -47.08%

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CY2023 us-gaap Profit Loss
ProfitLoss
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CY2023 us-gaap Profit Loss
ProfitLoss
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CY2022 us-gaap Profit Loss
ProfitLoss
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CY2023 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
2245000 usd
CY2023 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2023 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
4077000 usd
CY2023 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
3165000 usd
CY2023 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
592000 usd
CY2023 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
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CY2022 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
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CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
5730000 usd
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2023 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2023 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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CY2023 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
118000 usd
CY2023 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
278000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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CY2023 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2023 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2022 us-gaap Profit Loss
ProfitLoss
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CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2022 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2023 us-gaap Profit Loss
ProfitLoss
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CY2023 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2023 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
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CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
12992000 usd
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
48070000 usd
CY2023 us-gaap Profit Loss
ProfitLoss
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CY2023 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
204480000 usd
CY2023 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
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CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
22073000 usd
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
5730000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4642000 usd
CY2023 us-gaap Profit Loss
ProfitLoss
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CY2023 us-gaap Profit Loss
ProfitLoss
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CY2022 us-gaap Profit Loss
ProfitLoss
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CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
55880000 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
42210000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
18327000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
14580000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
7231000 usd
CY2023 us-gaap Interest Expense Other
InterestExpenseOther
9063000 usd
CY2023 us-gaap Interest Expense Other
InterestExpenseOther
7078000 usd
CY2022 us-gaap Interest Expense Other
InterestExpenseOther
13361000 usd
CY2023 us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
0 usd
CY2023 us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
0 usd
CY2022 us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
2975000 usd
CY2023 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
2006000 usd
CY2023 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
0 usd
CY2022 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
0 usd
CY2023 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-2811000 usd
CY2023 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-9072000 usd
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-16480000 usd
CY2023 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2023 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-5075000 usd
CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-196000 usd
CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-243000 usd
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-2442000 usd
CY2023 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
708000 usd
CY2023 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
0 usd
CY2022 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
0 usd
CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
76332000 usd
CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
417000 usd
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2023 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
2436000 usd
CY2023 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
8598000 usd
CY2022 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
5587000 usd
CY2023 maxn Gain Loss On Remeasurement Of Prepaid Forward
GainLossOnRemeasurementOfPrepaidForward
-18363000 usd
CY2023 maxn Gain Loss On Remeasurement Of Prepaid Forward
GainLossOnRemeasurementOfPrepaidForward
2411000 usd
CY2022 maxn Gain Loss On Remeasurement Of Prepaid Forward
GainLossOnRemeasurementOfPrepaidForward
-34468000 usd
CY2023 maxn Inventory Write Down Utilization
InventoryWriteDownUtilization
10804000 usd
CY2023 maxn Inventory Write Down Utilization
InventoryWriteDownUtilization
16342000 usd
CY2022 maxn Inventory Write Down Utilization
InventoryWriteDownUtilization
-319000 usd
CY2023 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-135000 usd
CY2023 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1084000 usd
CY2022 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
1765000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
8331000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
15332000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-38268000 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
43473000 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
106622000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
43174000 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-29741000 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-13939000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-20618000 usd
CY2023 maxn Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
5241000 usd
CY2023 maxn Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
3192000 usd
CY2022 maxn Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
2449000 usd
CY2023 maxn Increase Decrease On Advances On Inventory Purchases
IncreaseDecreaseOnAdvancesOnInventoryPurchases
2137000 usd
CY2023 maxn Increase Decrease On Advances On Inventory Purchases
IncreaseDecreaseOnAdvancesOnInventoryPurchases
0 usd
CY2022 maxn Increase Decrease On Advances On Inventory Purchases
IncreaseDecreaseOnAdvancesOnInventoryPurchases
0 usd
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
70567000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
41098000 usd
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-55109000 usd
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
195650000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
72488000 usd
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-4179000 usd
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-2556000 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-2662000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-254295000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3437000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
67452000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
63337000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
154194000 usd
CY2023 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
971000 usd
CY2023 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
958000 usd
CY2022 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
1318000 usd
CY2023 maxn Purchase Of Restricted Short Term Marketable Securities
PurchaseOfRestrictedShortTermMarketableSecurities
1408000 usd
CY2023 maxn Purchase Of Restricted Short Term Marketable Securities
PurchaseOfRestrictedShortTermMarketableSecurities
968000 usd
CY2022 maxn Purchase Of Restricted Short Term Marketable Securities
PurchaseOfRestrictedShortTermMarketableSecurities
1094000 usd
CY2023 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
136000000 usd
CY2023 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
0 usd
CY2022 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
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CY2023 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
60000000 usd
CY2023 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
76000000 usd
CY2022 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
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CY2023 maxn Proceeds From Sale Asset Held For Sale Classified As Investing Activities
ProceedsFromSaleAssetHeldForSaleClassifiedAsInvestingActivities
5961000 usd
CY2023 maxn Proceeds From Sale Asset Held For Sale Classified As Investing Activities
ProceedsFromSaleAssetHeldForSaleClassifiedAsInvestingActivities
0 usd
CY2022 maxn Proceeds From Sale Asset Held For Sale Classified As Investing Activities
ProceedsFromSaleAssetHeldForSaleClassifiedAsInvestingActivities
0 usd
CY2023 maxn Proceeds From Payments For Disposal Of Property Plant And Equipment
ProceedsFromPaymentsForDisposalOfPropertyPlantAndEquipment
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CY2023 maxn Proceeds From Payments For Disposal Of Property Plant And Equipment
ProceedsFromPaymentsForDisposalOfPropertyPlantAndEquipment
189000 usd
CY2022 maxn Proceeds From Payments For Disposal Of Property Plant And Equipment
ProceedsFromPaymentsForDisposalOfPropertyPlantAndEquipment
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CY2023 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
146000 usd
CY2023 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
143000 usd
CY2022 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
61000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
13926000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-139301000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2023 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
195639000 usd
CY2023 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
258426000 usd
CY2022 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
170311000 usd
CY2023 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
220598000 usd
CY2023 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
233138000 usd
CY2022 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
193237000 usd
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 usd
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
257000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4245000 usd
CY2023 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 usd
CY2023 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
187232000 usd
CY2022 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
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CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
193491000 usd
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
169684000 usd
CY2023 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 usd
CY2023 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
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CY2022 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 usd
CY2023 maxn Repayment Of Finance Lease Principal Payments And Other
RepaymentOfFinanceLeasePrincipalPaymentsAndOther
581000 usd
CY2023 maxn Repayment Of Finance Lease Principal Payments And Other
RepaymentOfFinanceLeasePrincipalPaymentsAndOther
725000 usd
CY2022 maxn Repayment Of Finance Lease Principal Payments And Other
RepaymentOfFinanceLeasePrincipalPaymentsAndOther
705000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
167951000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
211474000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
141808000 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
119000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
166000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-72450000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
75729000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
267961000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
192232000 usd
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
209572000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
195511000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
267961000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
192232000 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
5491000 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
35264000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
58562000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10929000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5639000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5029000 usd
CY2023 us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
10989000 usd
CY2023 us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
0 usd
CY2022 us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
0 usd
CY2023 us-gaap Stock Issued1
StockIssued1
0 usd
CY2023 us-gaap Stock Issued1
StockIssued1
0 usd
CY2022 us-gaap Stock Issued1
StockIssued1
1078000 usd
CY2023 us-gaap Contribution Of Property
ContributionOfProperty
0 usd
CY2023 us-gaap Contribution Of Property
ContributionOfProperty
2127000 usd
CY2022 us-gaap Contribution Of Property
ContributionOfProperty
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CY2023 us-gaap Interest Paid Net
InterestPaidNet
30941000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
12910000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
15159000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
15210000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
6454000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
9584000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
190169000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
227442000 usd
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
166542000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
5242000 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
37974000 usd
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
1661000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
100000 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
2545000 usd
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
24029000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
195511000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
267961000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
192232000 usd
CY2019Q4 maxn Number Of Independent Publicly Traded Companies Due To Spin Off
NumberOfIndependentPubliclyTradedCompaniesDueToSpinOff
2 company
CY2020Q3 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
298000000 usd
CY2020Q3 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
8915692 shares
CY2020Q3 us-gaap Sale Of Stock Percentage Of Ownership Before Transaction
SaleOfStockPercentageOfOwnershipBeforeTransaction
0.295
CY2023 us-gaap Fiscal Period
FiscalPeriod
<div style="margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%">Fiscal Periods</span></div>The Company has a 52-to-53-week fiscal year that ends on the Sunday closest to December 31. Accordingly, every fifth or sixth year will be a 53-week fiscal year. Fiscal year 2023, 2022 and 2021 are 52-week fiscal years. Our fiscal year 2023 ended on December 31, 2023, our fiscal year 2022 ended on January 1, 2023 and our fiscal year 2021 ended on January 2, 2022.
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-796100000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
190200000 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:115%">Use of Estimates</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Significant estimates in these consolidated financial statements include (i) inventory write-downs; (ii) long-lived asset impairment, specifically estimates for valuation assumptions including future cash flows, economic useful lives of property, plant and equipment and intangible assets; (iii) valuation of contingencies such as accrued warranty; (iv) income taxes and tax valuation allowances; and (v) determining if we are the primary beneficiary in variable interest entities. Actual results could materially differ from those estimates.</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Due to the macro-economic trends such as the continued heightened geopolitical tensions and the ongoing war in Ukraine and the Israel-Hamas-Iran conflict, there has been continued uncertainty and disruption in the global economy and financial markets. We are not aware of any specific event or circumstance that would require updates to our estimates and judgments or require us to revise the carrying value of our assets or liabilities as of the date of issuance of the financial statements. These estimates may change as new events occur and additional information is obtained. Actual results could differ materially from these estimates under different assumptions or conditions.</span></div>
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
62700000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
600000 usd
CY2023Q4 maxn Percentage Of Accounts Receivable Less Than60 Days Outstanding
PercentageOfAccountsReceivableLessThan60DaysOutstanding
0.980
CY2022 us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
10392000 usd
CY2022Q1 maxn Extended Product Warranty Term
ExtendedProductWarrantyTerm
P40Y
CY2023 us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
-11900000 usd
CY2023 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-7900000 usd
CY2023 maxn Decrease In Net Loss Due To Change In Product Warranty Estimates
DecreaseInNetLossDueToChangeInProductWarrantyEstimates
11900000 usd
CY2023 maxn Decrease In Basic Net Loss Per Share Relating To Product Warranties
DecreaseInBasicNetLossPerShareRelatingToProductWarranties
0.26
CY2023 maxn Decrease In Diluted Net Loss Per Share Relating To Product Warranties
DecreaseInDilutedNetLossPerShareRelatingToProductWarranties
0.26
CY2023 us-gaap Advertising Expense
AdvertisingExpense
5900000 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
4700000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
3500000 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Concentration of Credit Risk</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are exposed to credit losses in the event of nonperformance by the counterparties to our financial and derivative instruments. Financial and derivative instruments that potentially subject us to concentrations of credit risk are primarily cash and cash equivalents, investments, accounts receivable, advances to suppliers, and foreign currency forward contracts. Our investment policy requires cash and cash equivalents and investments to be placed with high-quality financial institutions and to limit the amount of credit risk from any one issuer.</span></div>We perform ongoing credit evaluations of our customers’ financial condition whenever deemed necessary. We maintain an allowance for credit losses based on the expected collectability of all accounts receivable, which takes into consideration an analysis of historical bad debts, specific customer creditworthiness and current economic trends. We believe that our concentration of credit risk is limited because of our large number of customers, credit quality of the customer base, small account balances for most of these customers, and customer geographic diversification. During fiscal years 2023, 2022 and 2021, we recorded revenues of $206.0 million, $283.3 million and $225.9 million, or 18.3%, 26.7% and 28.8% of total revenue, respectively, representing the sale of solar modules to SunPower. The pricing term is based on the applicable supply agreement with SunPower in force for the respective period. Except for revenue transactions with SunPower, for fiscal years 2023, we had one customer, that accounted for at least 10% of revenue. No customer accounted for at least 10% of revenue except for SunPower for fiscal year 2022. As of December 31, 2023, SunPower accounted for 0.9% amount of our accounts receivables while it accounted for 9.6% of our accounts receivable as of January 1, 2023. Four and two customers individually accounted for 10% or more of accounts receivable as of December 31, 2023 and January 1, 2023, respectively.
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Reclassifications</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior period amounts have been reclassified to conform to the current period's presentation. These reclassifications occurred within “Interest expense” and “Interest income” in the Consolidated Statements of Operations. The reclassifications are immaterial and arose due to reclassification of interest income which was presented as a net balance within “Interest expense, net” in prior year. The total balance for “Other expense, net” remains unchanged. In addition, the Company has reclassified “Advances to supplier” within “Prepaid expense and other current assets” with the expiration of the long-term supply agreements for polysilicon in fiscal year 2022 and such balances are no longer material.</span></div>
CY2023Q2 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
28.00
CY2023Q2 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
28.00
CY2023Q4 maxn Prepayments To Suppliers Related Party
PrepaymentsToSuppliersRelatedParty
0 usd
CY2023Q1 maxn Prepayments To Suppliers Related Party
PrepaymentsToSuppliersRelatedParty
15009000 usd
CY2023 us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
121770000 usd
CY2023 us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
87228000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1123100000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1060100000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
783300000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
600000 usd
CY2023Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
600000 usd
CY2023 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-1000000 usd
CY2023 maxn Increase Decrease In Contract Liability
IncreaseDecreaseInContractLiability
-53200000 usd
CY2023 maxn Increase Decrease In Contract Liability
IncreaseDecreaseInContractLiability
197900000 usd
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
123300000 usd
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
14900000 usd
CY2023Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
63517000 usd
CY2023Q1 us-gaap Accounts Receivable Gross
AccountsReceivableGross
55218000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
566000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
807000 usd
CY2023Q4 maxn Accounts Receivable Allowance For Sales Returns Current
AccountsReceivableAllowanceForSalesReturnsCurrent
264000 usd
CY2023Q1 maxn Accounts Receivable Allowance For Sales Returns Current
AccountsReceivableAllowanceForSalesReturnsCurrent
110000 usd
CY2023Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
62687000 usd
CY2023Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
54301000 usd
CY2023Q4 maxn Number Of Third Party Factor Agencies
NumberOfThirdPartyFactorAgencies
2 thirdpartyagency
CY2023Q4 maxn Cash Held In Escrow For Factor Agencies Uncollected
CashHeldInEscrowForFactorAgenciesUncollected
100000 usd
CY2023Q1 maxn Cash Held In Escrow For Factor Agencies Uncollected
CashHeldInEscrowForFactorAgenciesUncollected
500000 usd
CY2023 us-gaap Accounts Receivable Sale
AccountsReceivableSale
498400000 usd
CY2023 us-gaap Accounts Receivable Sale
AccountsReceivableSale
577900000 usd
CY2023Q4 maxn Uncollected Accounts Receivable Factoring Agreement
UncollectedAccountsReceivableFactoringAgreement
49400000 usd
CY2023Q1 maxn Uncollected Accounts Receivable Factoring Agreement
UncollectedAccountsReceivableFactoringAgreement
63600000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
807000 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
170000 usd
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
71000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
566000 usd
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
940000 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
13000 usd
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
120000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
807000 usd
CY2023Q1 maxn Accounts Receivable Allowance For Sales Returns Current
AccountsReceivableAllowanceForSalesReturnsCurrent
110000 usd
CY2023 maxn Accounts Receivable Sales Returns Charges Releases
AccountsReceivableSalesReturnsChargesReleases
-154000 usd
CY2023 maxn Accounts Receivable Allowance For Sales Return Utilize
AccountsReceivableAllowanceForSalesReturnUtilize
0 usd
CY2023Q4 maxn Accounts Receivable Allowance For Sales Returns Current
AccountsReceivableAllowanceForSalesReturnsCurrent
264000 usd
CY2022Q1 maxn Accounts Receivable Allowance For Sales Returns Current
AccountsReceivableAllowanceForSalesReturnsCurrent
225000 usd
CY2023 maxn Accounts Receivable Sales Returns Charges Releases
AccountsReceivableSalesReturnsChargesReleases
115000 usd
CY2023 maxn Accounts Receivable Allowance For Sales Return Utilize
AccountsReceivableAllowanceForSalesReturnUtilize
0 usd
CY2023Q1 maxn Accounts Receivable Allowance For Sales Returns Current
AccountsReceivableAllowanceForSalesReturnsCurrent
110000 usd
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
37063000 usd
CY2023Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
83350000 usd
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
80219000 usd
CY2023Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
76718000 usd
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
191666000 usd
CY2023Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
143162000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
308948000 usd
CY2023Q1 us-gaap Inventory Net
InventoryNet
303230000 usd
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
30500000 usd
CY2023Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
21300000 usd
CY2023Q4 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
10218000 usd
CY2023Q1 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
7320000 usd
CY2023Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
1580000 usd
CY2023Q1 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
3819000 usd
CY2023Q4 maxn Receivables From Tolling Partners
ReceivablesFromTollingPartners
0 usd
CY2023Q1 maxn Receivables From Tolling Partners
ReceivablesFromTollingPartners
14923000 usd
CY2023Q4 maxn Other Receivables Related Parties
OtherReceivablesRelatedParties
3448000 usd
CY2023Q1 maxn Other Receivables Related Parties
OtherReceivablesRelatedParties
14703000 usd
CY2023Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
14278000 usd
CY2023Q1 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
19394000 usd
CY2023Q4 us-gaap Deferred Costs Current
DeferredCostsCurrent
1528000 usd
CY2023Q1 us-gaap Deferred Costs Current
DeferredCostsCurrent
1652000 usd
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
5242000 usd
CY2023Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
37974000 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
18055000 usd
CY2023Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
26366000 usd
CY2023Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
313000 usd
CY2023Q1 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
703000 usd
CY2023Q4 us-gaap Disposal Group Including Discontinued Operation Other Assets
DisposalGroupIncludingDiscontinuedOperationOtherAssets
466000 usd
CY2023Q1 us-gaap Disposal Group Including Discontinued Operation Other Assets
DisposalGroupIncludingDiscontinuedOperationOtherAssets
1490000 usd
CY2023Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
684000 usd
CY2023Q1 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
764000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
55812000 usd
CY2023Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
129108000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
5561000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2209000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3352000 usd
CY2023 us-gaap Adjustment For Amortization
AdjustmentForAmortization
200000 usd
CY2023 us-gaap Adjustment For Amortization
AdjustmentForAmortization
300000 usd
CY2022 us-gaap Adjustment For Amortization
AdjustmentForAmortization
400000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
866000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
818000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
740000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
730000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
80000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
118000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3352000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
7900000 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
493739000 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
598542000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
213714000 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
218074000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
280025000 usd
CY2023Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
380468000 usd
CY2023 us-gaap Depreciation
Depreciation
55700000 usd
CY2023 us-gaap Depreciation
Depreciation
56500000 usd
CY2023Q4 maxn Liquidated Damage Provision
LiquidatedDamageProvision
8361000 usd
CY2022 us-gaap Depreciation
Depreciation
41800000 usd
CY2023Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
4000000 usd
CY2023Q1 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
4000000 usd
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
0 usd
CY2023Q1 us-gaap Equity Method Investments
EquityMethodInvestments
3061000 usd
CY2023Q4 maxn Prepaid Forwards Fair Value Disclosure Noncurrent
PrepaidForwardsFairValueDisclosureNoncurrent
16298000 usd
CY2023Q1 maxn Prepaid Forwards Fair Value Disclosure Noncurrent
PrepaidForwardsFairValueDisclosureNoncurrent
34661000 usd
CY2023Q4 maxn Prepayment For Capital Expenditures Noncurrent
PrepaymentForCapitalExpendituresNoncurrent
35150000 usd
CY2023Q1 maxn Prepayment For Capital Expenditures Noncurrent
PrepaymentForCapitalExpendituresNoncurrent
7890000 usd
CY2023Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
100000 usd
CY2023Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
2545000 usd
CY2023Q4 maxn Land Rights
LandRights
4728000 usd
CY2023Q1 maxn Land Rights
LandRights
4930000 usd
CY2023Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
2414000 usd
CY2023Q1 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
1873000 usd
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
68910000 usd
CY2023Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
60418000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
23165000 usd
CY2023Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
25885000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
3333000 usd
CY2023Q1 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
7082000 usd
CY2023Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
25429000 usd
CY2023Q1 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
563000 usd
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
12151000 usd
CY2023Q1 us-gaap Interest Payable Current
InterestPayableCurrent
13577000 usd
CY2023Q4 maxn Accrued Liabilities Related Parties Current
AccruedLiabilitiesRelatedPartiesCurrent
2198000 usd
CY2023Q1 maxn Accrued Liabilities Related Parties Current
AccruedLiabilitiesRelatedPartiesCurrent
7769000 usd
CY2023Q4 maxn Value Added Tax Payables Current
ValueAddedTaxPayablesCurrent
3108000 usd
CY2023Q1 maxn Value Added Tax Payables Current
ValueAddedTaxPayablesCurrent
8418000 usd
CY2023Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
2456000 usd
CY2023Q1 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
5318000 usd
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
8489000 usd
CY2023Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
7903000 usd
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
4572000 usd
CY2023Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
13575000 usd
CY2023Q4 maxn Payable To Factor Agencies Current
PayableToFactorAgenciesCurrent
504000 usd
CY2023Q1 maxn Payable To Factor Agencies Current
PayableToFactorAgenciesCurrent
1172000 usd
CY2023Q4 maxn Refund Liabilities Related Parties Current
RefundLiabilitiesRelatedPartiesCurrent
10127000 usd
CY2023Q1 maxn Refund Liabilities Related Parties Current
RefundLiabilitiesRelatedPartiesCurrent
7382000 usd
CY2023Q4 us-gaap Repurchase Agreement Counterparty Amount At Risk
RepurchaseAgreementCounterpartyAmountAtRisk
0 usd
CY2023Q1 us-gaap Repurchase Agreement Counterparty Amount At Risk
RepurchaseAgreementCounterpartyAmountAtRisk
30508000 usd
CY2023Q4 maxn Short Term Security Deposit Payable
ShortTermSecurityDepositPayable
1990000 usd
CY2023Q1 maxn Short Term Security Deposit Payable
ShortTermSecurityDepositPayable
0 usd
CY2023Q1 maxn Liquidated Damage Provision
LiquidatedDamageProvision
0 usd
CY2023Q4 us-gaap Provision For Loss On Contracts
ProvisionForLossOnContracts
2644000 usd
CY2023Q1 us-gaap Provision For Loss On Contracts
ProvisionForLossOnContracts
1041000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4929000 usd
CY2023Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4964000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
113456000 usd
CY2023Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
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CY2023Q4 us-gaap Standard Product Warranty Accrual Noncurrent
StandardProductWarrantyAccrualNoncurrent
22178000 usd
CY2023Q1 us-gaap Standard Product Warranty Accrual Noncurrent
StandardProductWarrantyAccrualNoncurrent
26130000 usd
CY2023Q4 maxn Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued Non Current
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccruedNonCurrent
5451000 usd
CY2023Q1 maxn Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued Non Current
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccruedNonCurrent
16823000 usd
CY2023Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
91000 usd
CY2023Q1 us-gaap Security Deposit Liability
SecurityDepositLiability
2012000 usd
CY2023Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
-1960000 usd
CY2023Q1 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
-1632000 usd
CY2023Q4 maxn Noncurrent Refund Liabilities Related Parties
NoncurrentRefundLiabilitiesRelatedParties
8102000 usd
CY2023Q1 maxn Noncurrent Refund Liabilities Related Parties
NoncurrentRefundLiabilitiesRelatedParties
14764000 usd
CY2023Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
712000 usd
CY2023Q1 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
2302000 usd
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
38494000 usd
CY2023Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
63663000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-19450000 usd
CY2023Q1 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-21695000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-4513000 usd
CY2023Q1 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-5105000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Financial Liability Fair Value Option After Tax
AccumulatedOtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionAfterTax
-1441000 usd
CY2023Q1 us-gaap Accumulated Other Comprehensive Income Loss Financial Liability Fair Value Option After Tax
AccumulatedOtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionAfterTax
-5518000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-16378000 usd
CY2023Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-22108000 usd
CY2023Q4 us-gaap Debt Securities Held To Maturity Amortized Cost After Allowance For Credit Loss Current
DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLossCurrent
1400000 usd
CY2023Q1 us-gaap Debt Securities Held To Maturity Amortized Cost After Allowance For Credit Loss Current
DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLossCurrent
1000000 usd
CY2023Q1 us-gaap Other Short Term Investments
OtherShortTermInvestments
76000000 usd
CY2023Q1 us-gaap Investment Interest Rate
InvestmentInterestRate
0.0365
CY2023Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
4000000 usd
CY2023Q1 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
4000000 usd
CY2023 maxn Restructuring Charges Credits
RestructuringChargesCredits
149729000 usd
CY2023 maxn Restructuring Charges Credits
RestructuringChargesCredits
2118000 usd
CY2022 maxn Restructuring Charges Credits
RestructuringChargesCredits
8084000 usd
CY2023Q1 us-gaap Restructuring Reserve
RestructuringReserve
563000 usd
CY2023 maxn Restructuring Charges Credits
RestructuringChargesCredits
149729000 usd
CY2023 maxn Payments Recovery For Restructuring
PaymentsRecoveryForRestructuring
124863000 usd
CY2023Q4 us-gaap Restructuring Reserve
RestructuringReserve
25429000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
29100000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
22500000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P3Y10M24D
CY2023Q4 maxn Lessee Operating Lease Extension Term Of Contract
LesseeOperatingLeaseExtensionTermOfContract
P10Y
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
1600000 usd
CY2023Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
2200000 usd
CY2023Q4 us-gaap Lessee Finance Lease Term Of Contract1
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P3Y4M24D
CY2023Q1 us-gaap Lessee Finance Lease Term Of Contract1
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CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
1600000 usd
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
400000 usd
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
1200000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
5236000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
4173000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
5941000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
3537000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10929000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5639000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y10M24D
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y7M6D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.065
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.064
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
7143000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
504000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
7046000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
519000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
6625000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
535000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4795000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
229000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
3519000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
0 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
29128000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
1787000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3712000 usd
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
160000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
25416000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
1627000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
2585000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
2408000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
177000 usd
CY2023Q4 maxn Lessor Operating Lease Payment To Be Received After Year Two
LessorOperatingLeasePaymentToBeReceivedAfterYearTwo
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CY2023Q1 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
703000 usd
CY2023Q4 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
266619000 usd
CY2023Q4 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
481000 usd
CY2023Q4 maxn Purchase Obligation To Be Paid Year Three And Thereafter
PurchaseObligationToBePaidYearThreeAndThereafter
922000 usd
CY2023Q4 us-gaap Purchase Obligation
PurchaseObligation
268022000 usd
CY2023Q4 maxn Purchase Obligation Non Cancellable Purchase Orders
PurchaseObligationNonCancellablePurchaseOrders
150600000 usd
CY2023Q4 maxn Purchase Obligation Long Term Supply And Service Agreements
PurchaseObligationLongTermSupplyAndServiceAgreements
117400000 usd
CY2023Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
28347000 usd
CY2022Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
30616000 usd
CY2023 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
6437000 usd
CY2023 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
6366000 usd
CY2023 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
13794000 usd
CY2023 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
8635000 usd
CY2023Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
20990000 usd
CY2023Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
28347000 usd
CY2023Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
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CY2023Q1 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
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CY2023 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
600000 usd
CY2023 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
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CY2022 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
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CY2023 maxn Qualification Age Defined Benefit Plan Membership Maximum
QualificationAgeDefinedBenefitPlanMembershipMaximum
60 y
CY2023Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
5300000 usd
CY2023Q4 us-gaap Cash Collateral For Borrowed Securities
CashCollateralForBorrowedSecurities
5300000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
2456000 usd
CY2023Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
703000 usd
CY2023Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
4000000 usd
CY2023Q1 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
4000000 usd
CY2023Q4 maxn Equity Securities Without Readily Determinable Fair Value And Equity Method Investment
EquitySecuritiesWithoutReadilyDeterminableFairValueAndEquityMethodInvestment
4000000 usd
CY2023Q1 maxn Equity Securities Without Readily Determinable Fair Value And Equity Method Investment
EquitySecuritiesWithoutReadilyDeterminableFairValueAndEquityMethodInvestment
7061000 usd
CY2020Q3 us-gaap Debt Instrument Convertible Threshold Trading Days
DebtInstrumentConvertibleThresholdTradingDays
60 d
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
16100000 usd
CY2023Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
19700000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
313000 usd
CY2023Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
313000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
313000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
2456000 usd
CY2023Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
2456000 usd
CY2023Q1 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
703000 usd
CY2023Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
5318000 usd
CY2023Q1 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
5318000 usd
CY2023Q1 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
5318000 usd
CY2023 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-2900000 usd
CY2023 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-1500000 usd
CY2022 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-3400000 usd
CY2023Q1 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
-5500000 usd
CY2023 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-5100000 usd
CY2023 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-9200000 usd
CY2023 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
4100000 usd
CY2023 maxn Derivatives Accumulated Other Comprehensive Income Loss Derivatives After Tax
DerivativesAccumulatedOtherComprehensiveIncomeLossDerivativesAfterTax
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CY2023 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
7300000 usd
CY2023 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
15500000 usd
CY2023 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
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CY2023 maxn Income Loss From Continuing Operations Before Equity Method Investments Income Taxes Noncontrolling Interest Domestic
IncomeLossFromContinuingOperationsBeforeEquityMethodInvestmentsIncomeTaxesNoncontrollingInterestDomestic
-384890000 usd
CY2023 maxn Income Loss From Continuing Operations Before Equity Method Investments Income Taxes Noncontrolling Interest Domestic
IncomeLossFromContinuingOperationsBeforeEquityMethodInvestmentsIncomeTaxesNoncontrollingInterestDomestic
-307284000 usd
CY2022 maxn Income Loss From Continuing Operations Before Equity Method Investments Income Taxes Noncontrolling Interest Domestic
IncomeLossFromContinuingOperationsBeforeEquityMethodInvestmentsIncomeTaxesNoncontrollingInterestDomestic
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CY2023 maxn Income Loss From Continuing Operations Before Equity Method Investments Income Taxes Noncontrolling Interest Foreign
IncomeLossFromContinuingOperationsBeforeEquityMethodInvestmentsIncomeTaxesNoncontrollingInterestForeign
111364000 usd
CY2023 maxn Income Loss From Continuing Operations Before Equity Method Investments Income Taxes Noncontrolling Interest Foreign
IncomeLossFromContinuingOperationsBeforeEquityMethodInvestmentsIncomeTaxesNoncontrollingInterestForeign
81401000 usd
CY2022 maxn Income Loss From Continuing Operations Before Equity Method Investments Income Taxes Noncontrolling Interest Foreign
IncomeLossFromContinuingOperationsBeforeEquityMethodInvestmentsIncomeTaxesNoncontrollingInterestForeign
32877000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-273526000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-225883000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-239063000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
463000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
375000 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
-3525000 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
23727000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
-5759000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-3062000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
23593000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-5384000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 usd
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
2452000 usd
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
8598000 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
5587000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2436000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
8598000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
5587000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-626000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
32191000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
203000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.17
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.17
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.17
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-46500000 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-38400000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-40641000 usd
CY2023 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
41357000 usd
CY2023 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
45985000 usd
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
37390000 usd
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
10746000 usd
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
30595000 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
12510000 usd
CY2023 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
-1332000 usd
CY2023 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
-3455000 usd
CY2022 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
-7797000 usd
CY2023 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
2797000 usd
CY2022 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
0 usd
CY2021 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
0 usd
CY2023 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-2100000 usd
CY2023 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-2534000 usd
CY2022 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-1259000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-626000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
32191000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
203000 usd
CY2023 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
-1300000 usd
CY2023 maxn Decrease In Basic Net Loss Per Share Relating To Tax Holiday
DecreaseInBasicNetLossPerShareRelatingToTaxHoliday
0.60
CY2023 maxn Decrease In Diluted Net Loss Per Share Relating To Tax Holiday
DecreaseInDilutedNetLossPerShareRelatingToTaxHoliday
0.60
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
64596000 usd
CY2023Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
49183000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
2559000 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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