Enphase Energy Inc
For the period ended Sep 30, 2024. Filed Oct 22, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 22, 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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Condensed Consolidated Balance Sheets
(In thousands, except par value)
| As of | ||
|---|---|---|
| September 30,2024 | December 31,2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $256,325 | $288,748 |
| Marketable securities | 1,510,299 | 1,406,286 |
| Accounts receivable, net of allowances of $6,213 and $2,502 at September 30, 2024 and December 31, 2023, respectively | 232,225 | 445,959 |
| Inventory | 158,837 | 213,595 |
| Prepaid expenses and other assets | 203,195 | 88,930 |
| Total current assets | 2,360,881 | 2,443,518 |
| Property and equipment, net | 148,444 | 168,244 |
| Operating lease, right of use asset, net | 28,120 | 19,887 |
| Intangible assets, net | 51,152 | 68,536 |
| Goodwill | 214,292 | 214,562 |
| Other assets | 185,448 | 215,895 |
| Deferred tax assets, net | 275,854 | 252,370 |
| Total assets | $3,264,191 | $3,383,012 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $112,417 | $116,164 |
| Accrued liabilities | 189,819 | 261,919 |
| Deferred revenues, current | 129,556 | 118,300 |
| Warranty obligations, current | 35,755 | 36,066 |
| Debt, current | 99,931 | — |
| Total current liabilities | 567,478 | 532,449 |
| Long-term liabilities: | ||
| Deferred revenues, non-current | 354,210 | 369,172 |
| Warranty obligations, non-current | 148,477 | 153,021 |
| Other liabilities | 62,392 | 51,008 |
| Debt, non-current | 1,200,261 | 1,293,738 |
| Total liabilities | 2,332,818 | 2,399,388 |
| Commitments and contingencies (Note 10) | ||
| Stockholders’ equity: | ||
| Common stock, $0.00001 par value, 300,000 shares authorized; and 135,084 shares and 135,722 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively | 1 | 1 |
| Additional paid-in capital | 1,033,036 | 939,338 |
| Accumulated earnings (deficit) | (104,927) | 46,273 |
| Accumulated other comprehensive income (loss) | 3,263 | (1,988) |
| Total stockholders’ equity | 931,373 | 983,624 |
| Total liabilities and stockholders’ equity | $3,264,191 | $3,383,012 |
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