Enphase Energy Inc
For the period ended Dec 31, 2023. Filed Feb 9, 2024.
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FY2023 · Filed Feb 9, 2024
ENPH$29.08+2.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(In thousands, except par value)
| As of | ||
|---|---|---|
| December 31,2023 | December 31,2022 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $288,748 | $473,244 |
| Marketable securities | 1,406,286 | 1,139,599 |
| Accounts receivable, net of allowances of $2,502 and $979 at December 31, 2023 and December 31, 2022, respectively | 445,959 | 440,896 |
| Inventory | 213,595 | 149,708 |
| Prepaid expenses and other assets | 88,930 | 60,824 |
| Total current assets | 2,443,518 | 2,264,271 |
| Property and equipment, net | 168,244 | 111,367 |
| Operating lease, right of use asset, net | 19,887 | 21,379 |
| Intangible assets, net | 68,536 | 99,541 |
| Goodwill | 214,562 | 213,559 |
| Other assets | 215,895 | 169,291 |
| Deferred tax assets, net | 252,370 | 204,872 |
| Total assets | $3,383,012 | $3,084,280 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $116,164 | $125,085 |
| Accrued liabilities | 261,919 | 295,939 |
| Deferred revenues, current | 118,300 | 90,747 |
| Warranty obligations, current | 36,066 | 35,556 |
| Debt, current | — | 90,892 |
| Total current liabilities | 532,449 | 638,219 |
| Long-term liabilities: | ||
| Deferred revenues, non-current | 369,172 | 281,613 |
| Warranty obligations, non-current | 153,021 | 95,890 |
| Other liabilities | 51,008 | 43,520 |
| Debt, non-current | 1,293,738 | 1,199,465 |
| Total liabilities | 2,399,388 | 2,258,707 |
| Commitments and contingencies (Note 14) | ||
| Stockholders’ equity: | ||
| Common stock, $0.00001 par value, 300,000 shares authorized; and 135,722 shares and 136,441 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively | 1 | 1 |
| Additional paid-in capital | 939,338 | 819,119 |
| Accumulated earnings | 46,273 | 17,335 |
| Accumulated other comprehensive loss | (1,988) | (10,882) |
| Total stockholders’ equity | 983,624 | 825,573 |
| Total liabilities and stockholders’ equity | $3,383,012 | $3,084,280 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.