Enphase energy, inc. (ENPH)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Net revenues

729,728

624,333

506,590

404,535

346,337

316,159

303,544

302,580

301,388

286,167

297,094

308,740

313,221

322,591

297,619

311,809

334,717

357,249

396,827

393,066

372,977

343,904

305,753

268,686

244,849

232,846

223,358

222,125

219,655

216,678

216,244

200,159

174,054

149,523

0

0

0

Cost of revenues

461,147

403,088

335,061

272,448

236,868

221,714

218,275

226,114

234,076

230,122

243,804

256,032

259,924

264,582

240,144

238,747

242,764

249,032

269,275

264,459

250,565

230,861

206,249

184,268

170,979

165,430

161,382

161,260

161,473

161,390

163,941

155,637

138,326

120,454

0

0

0

Gross profit

268,581

221,245

171,529

132,087

109,469

94,445

85,269

76,466

67,312

56,045

53,290

52,708

53,297

58,009

57,475

73,062

91,953

108,217

127,552

128,607

122,412

113,043

99,504

84,418

73,870

67,416

61,976

60,865

58,182

55,288

52,303

44,522

35,728

29,069

0

0

0

Operating expenses:
Research and development

43,733

40,381

36,553

33,633

33,491

32,587

33,455

32,687

31,172

33,157

36,327

42,099

47,243

50,704

51,870

50,760

50,455

50,819

51,315

51,368

49,730

45,386

41,067

37,248

34,584

34,524

34,336

36,614

36,785

35,601

34,248

30,108

27,596

25,099

0

0

0

Sales and marketing

41,067

36,728

32,655

30,479

28,253

27,047

25,370

23,448

22,894

23,125

25,777

31,340

35,053

38,810

42,140

41,634

44,155

45,877

46,753

46,127

44,112

41,003

37,520

36,186

33,058

31,080

30,290

28,779

27,774

25,973

24,060

21,588

19,493

17,454

0

0

0

General and administrative

41,243

38,808

36,022

33,637

32,023

29,086

27,405

25,336

23,331

22,221

22,534

23,801

25,683

27,417

28,526

28,936

30,192

30,830

31,671

33,185

32,762

31,083

28,908

26,213

24,460

23,970

24,076

25,050

25,215

24,875

22,807

19,876

17,674

15,228

0

0

0

Restructuring charges

2,231

2,599

3,009

5,128

4,497

4,129

4,579

6,062

9,671

16,918

15,987

14,633

11,024

3,777

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

128,274

118,516

108,239

102,877

98,264

92,849

90,809

87,533

87,068

95,421

100,625

111,873

119,003

120,708

125,253

121,330

124,802

127,526

129,739

130,680

126,604

117,472

107,495

99,647

92,102

89,574

88,702

90,443

89,774

86,449

81,115

71,572

64,763

57,781

0

0

0

Income from operations

140,307

102,729

63,290

29,210

11,205

1,596

-5,540

-11,067

-19,756

-39,376

-47,335

-59,165

-65,706

-62,699

-67,778

-48,268

-32,849

-19,309

-2,187

-2,073

-4,192

-4,429

-7,991

-15,229

-18,232

-22,158

-26,726

-29,578

-31,592

-31,161

-28,812

-27,050

-29,035

-28,712

0

0

0

Other income (expense), net
Interest income

3,393

2,513

2,188

1,615

1,176

1,058

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Interest expense

9,095

9,691

10,483

10,987

12,059

10,693

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,055

0

0

0

-

-

-

-

3,006

0

0

0

Other expense, net

-5,880

-5,437

-8,017

-7,453

-2,545

-2,190

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-837

0

0

0

-

-

-

-

-572

0

0

0

Gain (Loss) on Derivative Instruments, Net, Pretax

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other income (expense), net

3,762

-12,615

-16,312

-16,825

-13,428

-11,825

-9,862

-8,151

-7,302

-5,963

-6,553

-6,297

-4,896

-3,288

-880

-843

-260

-1,394

-2,591

-2,700

-3,120

-2,857

-2,506

-2,368

-2,721

-2,892

-3,367

-3,132

-6,080

-6,406

-6,855

-7,016

-4,085

-3,578

0

0

0

Income before income taxes

144,101

90,101

46,965

12,372

-2,236

-10,229

-15,402

-19,218

-27,058

-45,339

-53,888

-65,462

-70,602

-65,987

-68,658

-49,111

-33,109

-20,703

-4,778

-4,773

-7,312

-7,286

-10,497

-17,597

-20,953

-25,050

-30,093

-32,710

-37,672

-37,567

-35,667

-34,066

-33,120

-32,290

0

0

0

Income tax benefit (provision)

-83,282

-71,082

1,739

1,715

1,463

1,398

-126

-558

-43

-147

1,552

1,880

1,370

1,475

1,399

1,566

1,448

1,379

1,119

935

824

766

767

781

790

863

752

741

768

651

0

0

0

-

-

0

-

Net Income (Loss) Attributable to Parent

227,319

161,148

45,191

10,622

-3,734

-11,627

-15,276

-18,660

-27,015

-45,192

-55,440

-67,342

-71,972

-67,462

-70,057

-50,677

-34,557

-22,082

-5,897

-5,708

-8,136

-8,052

-11,264

-18,378

-21,743

-25,913

-30,845

-33,451

-38,440

-38,218

-36,013

-34,282

-33,185

-32,290

0

0

0

Net income per share:
Basic and diluted (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

41,617

41,149

-

-

-

-

1,635

1,503

1,034

848

Basic (in USD per share)

0.56

0.95

0.25

0.09

0.03

0.01

-0.03

-0.04

-0.06

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.15

-

-

-

-

-

-

-

-

-

-

Diluted (in USD per share)

0.50

0.88

0.23

0.08

0.02

0.01

-0.03

-0.04

-0.06

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.15

-

-

-

-

-

-

-

-

-

-

Income (Loss) from Continuing Operations, Per Basic and Diluted Share

-

-

-

-

-

-

-

-

-

-0.03

-0.08

-0.14

-0.30

-0.21

-0.40

-0.36

-0.41

-

-

-

-

-

-

-

-

-0.07

-

-0.15

-0.25

-0.19

-0.22

-0.29

-5.97

-0.06

-4.77

-9.95

-10.95

Shares used in per share calculation:
Basic (in shares)

123,531

122,692

122,258

113,707

108,195

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

41,777

-

-

-

-

-

-

-

-

-

-

Diluted (in shares)

138,104

133,234

134,542

142,937

115,863

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

41,777

-

-

-

-

-

-

-

-

-

-