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 Statements of Operations
(In thousands, except per share data)
| Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Net revenues | $2,290,786 | $2,330,853 | $1,382,049 |
| Cost of revenues | 1,232,398 | 1,356,258 | 827,627 |
| Gross profit | 1,058,388 | 974,595 | 554,422 |
| Operating expenses: | |||
| Research and development | 227,336 | 168,846 | 105,526 |
| Sales and marketing | 231,792 | 215,102 | 128,974 |
| General and administrative | 137,835 | 140,002 | 104,090 |
| Restructuring and asset impairment charges | 15,684 | 2,384 | — |
| Total operating expenses | 612,647 | 526,334 | 338,590 |
| Income from operations | 445,741 | 448,261 | 215,832 |
| Other income (expense), net | |||
| Interest income | 69,728 | 13,656 | 695 |
| Interest expense | (8,839) | (9,438) | (45,152) |
| Other income (expense), net | 6,509 | (431) | 6,050 |
| Loss on partial settlement of convertible notes | — | — | (56,497) |
| Total other income (expense), net | 67,398 | 3,787 | (94,904) |
| Income before income taxes | 513,139 | 452,048 | 120,928 |
| Income tax benefit (provision) | (74,203) | (54,686) | 24,521 |
| Net income | $438,936 | $397,362 | $145,449 |
| Net income per share: | |||
| Basic | $3.22 | $2.94 | $1.09 |
| Diluted | $3.08 | $2.77 | $1.02 |
| Shares used in per share calculation: | |||
| Basic | 136,376 | 135,349 | 134,025 |
| Diluted | 143,290 | 144,390 | 142,878 |
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