SUNPOWER CORP SPWR Cash Flow

Sunpower corp (SPWR)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Jan'17	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Cash flows from operating activities:
Net loss
-7,721	-917,496	-1,170,868	-521,415	-299,436	183,095	33,550	-352,020	-613,737	178,724	32,521	-124,445
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization
80,081	127,204	185,283	170,537	138,007	108,795	98,191	117,770	130,472	102,192	84,630	54,473
Less: Income from discontinued operations, net of taxes
-	-	-	-	-	-	-	-	-	11,841	0	0
Income (loss) from continuing operations
-	-	-	-	-	-	-	-	-	166,883	32,521	-124,445
Stock-based compensation
26,935	26,353	34,674	61,498	58,960	55,592	45,678	42,439	46,736	54,372	46,994	70,220
Non-cash interest expense
9,472	15,346	18,390	1,057	6,184	21,585	49,016	38,177	28,627	30,616	22,582	17,510
Non-cash restructuring charges
5,874	0	0	166,717	0	0	-	-	-	-	-	-
Gain on settlement of preexisting relationships in connection with acquisition
-	-	-	203,252	0	0	-	-	-	-	-	-
Dividend from equity method investee
0	3,947	30,091	6,949	0	0	-	-	-	-	-	-
Gain from contract termination
-	-	-	-	-	-	51,988	0	0	-	-	-
Gain on share lending arrangement
-	-	-	-	-	-	-	50,645	0	24,000	0	-213,372
Third-party inventories write-down
-	-	-	-	-	-	-	8,869	23,651	0	0	-
Gain on deconsolidation of consolidated subsidiary
-	-	-	-	-	-	-	-	-	36,849	0	0
Project assets write-down related to change in European government incentives
-	-	-	-	-	-	-	-	16,053	0	-	-
Amortization of debt issuance costs
-	-	-	-	-	-	-	-	-	18,426	3,141	2,148
Amortization of promissory notes
-	-	-	-	-	-	-	-	-	11,054	0	0
Gain on change in equity interest in unconsolidated investee
-	-	-	-	-	-	-	-	-	28,078	0	-
Gain on sale of equity interest in unconsolidated investee
-	-	-	-	-	-	-	-	-	0	0	0
Project assets write-down
-	-	-	-	-	-	-	-	-	-	0	-
Equity in earnings of unconsolidated investees
-7,058	-17,815	25,938	14,295	9,569	7,241	3,872	-515	6,003	6,845	9,929	14,077
Gain on equity investments
158,288	-6,375	0	-	-	-	-	-	-	-	-	-
Gain on sale of assets
25,212	0	0	-	-	-	-	-77,807	0	-	-	-
Gain on business divestiture
143,400	59,347	0	0	-	-	-	-	-	-	-	-
Excess tax benefit from stock-based compensation
-	-	-	2,810	39,375	2,379	0	0	-	-	-	40,696
Gain on sale of investments without readily determinable fair value
17,275	54,196	5,346	0	0	-	-	-	-	-	-	-
Unrealized loss on equity investments with readily determinable fair value
-	-	-	0	-	-	-	-	-	-	-	-
Deferred income taxes
5,067	-6,862	-6,966	-6,611	50,238	6,120	1,138	-4,332	-14,385	15,889	12,238	17,363
Impairment of equity method investment
0	0	89,564	90,946	0	-	-	-	-	-	-	-
Impairment of property, plant and equipment
777	369,168	0	0	-	-	-	-	-	-	-	-
Impairment of residential lease assets
-33,778	-251,984	-624,335	-7,263	0	-	-	-	-	-	-	-
Loss on equity method investment in connection with acquisition
-	-	-	-	-	0	-	-	-	-	-	-
Gain (Loss) on Disposition of Property
-	-	-	-	-	-	-	-	-	0	-	-
Amortization of other intangible assets
-	-	-	-	-	-	-	-	-	38,477	16,474	16,762
Goodwill, Impairment Loss
-	-	-	147,365	0	0	-	59,581	349,758	0	0	-
Gain on sale of residential lease portfolio to 8point3 Energy Partners LP
-	-	-	-	27,915	0	0	-	-	-	-	-
Impairment of Intangible Assets (Excluding Goodwill)
-	-	-	-	-	-	-	-	-	0	0	-
Gain (Loss) on Sale of Investments
-	-	-	-	-	-	-	-	-	770	-1,443	-7,611
Gain on mark-to-market derivatives
-	-	-	-	-	-	-	-	-	35,764	21,193	0
Other, net
0	6,796	-1,298	-4,793	-2,589	-5,278	-9,372	-3,841	2,201	-	-	-
Changes in operating assets and liabilities:
Accounts receivable
66,194	175	1,191	33,465	-311,743	31,505	53,756	-11,522	23,383	132,184	50,510	57,575
Contract assets
38,200	43,500	-10,660	62,161	148,426	-155,300	4,608	18,458	41,165	63,444	-5,610	-9,256
Inventories
128,404	39,174	38,236	70,448	237,764	1,247	6,243	-28,324	-81,994	114,534	-53,740	95,712
Project assets
2,188	-39,512	-2,393	-3,601	-763,065	-68,247	-22,094	-23,397	-34,113	10,687	0	0
Prepaid expenses and other assets
8,746	-22,763	-110,530	-3,187	80,105	-203,654	-34,147	73,706	-177,522	2,519	13,091	59,284
Operating lease right-of-use assets
-8,530	0	0	-	-	-	-	-	-	-	-	-
Long-term financing receivables, net
-473	-182,937	-123,674	-172,272	-142,973	-94,314	-107,531	-62,415	-5,165	-	-	-
Advances to suppliers
50,191	44,417	68,767	-74,341	-50,560	26,343	31,909	23,883	-40,492	96,060	27,894	-1,297
Accounts payable and other accrued liabilities
79,394	-127,286	-216,349	-18,780	97,433	59,508	120,599	91,564	46,256	157,993	2,123	150,078
Contract liabilities
27,531	-30,495	145,171	47,622	30,661	-225,210	83,100	54,723	121,488	33,591	919	-53,595
Operating lease liabilities
-8,954	0	0	-	-	-	-	-	-	-	-	-
Customer advances
-	-	-	-	-20,830	-23,481	-39,577	65,711	49,317	90,643	-18,409	40,125
Net Cash Provided by (Used in) Operating Activities, Continuing Operations
-	-	-	-	-	-	-	-	-	168,402	141,389	154,831
Cash Provided by (Used in) Operating Activities, Discontinued Operations
-	-	-	-	-	-	-	-	-	-1,593	0	0
Net cash used in operating activities
-270,413	-543,389	-267,412	-312,283	-726,231	8,360	162,429	28,903	-94,304	166,809	141,389	154,831
Cash flows from investing activities:
Increase in restricted cash and cash equivalents
-	-	-	-	-	11,562	-15,465	-32,591	-176,744	5,555	135,455	107,390
Purchases of property, plant and equipment
47,395	44,906	69,791	187,094	230,050	102,505	34,054	104,786	131,512	119,152	167,811	265,905
Cash paid for solar power systems, leased, net
0	68,612	86,539	84,289	88,376	50,974	97,235	150,446	11,631	0	-	-
Cash paid for solar power systems
53,284	41,808	126,548	38,746	10,007	13,457	21,257	0	0	-	-	-
Purchases of marketable securities
0	0	1,306	4,955	0	30	99,928	1,436	9,180	40,132	0	-
Proceeds from business divestiture
40,491	23,257	0	0	-	-	-	-	-	-	-	-
Cash outflow from sale of residential lease portfolio, net of cash sold
-	-	-	0	-	-	-	-	-	-	-	-
Proceeds from sales or maturities of marketable securities
-	-	-	6,210	0	1,380	100,947	0	0	-	-	-
Proceeds from sale of cost method investments
-	-	-	0	-	-	-	-	-	-	-	-
Payments to 8point3 Energy Partners LP
-	-	-	9,838	-539,791	0	0	-	-	-	-	-
Purchases of available-for-sale securities
-	-	-	-	-	-	-	-	-	-	-	65,748
Cash decrease due to deconsolidation of consolidated subsidiary
-	-	-	-	-	-	-	-	-	12,879	0	0
Cash paid for acquisitions, net of cash acquired
0	17,000	0	24,003	64,756	35,078	0	0	-	272,699	0	18,311
Cash paid for intangibles
-	-	-	521	9,936	0	0	-	-	-	-	-
Dividend from equity method investee
0	12,952	3,773	0	-	-	-	-	-	-	-	-
Proceeds from sales or maturities of available-for-sale securities
-	-	-	-	-	-	-	-	43,759	1,572	39,149	155,833
Proceeds from sale of equity investment and partial return of capital by an unconsolidated investee
59,970	0	0	-	0	-	645	424	514	-	-	-
Proceeds from sale of distribution rights of debt refinancing
1,950	0	0	-	-	-	-	-	-	-	-	-
Cash outflow from sale of residential lease portfolio, net of cash received
10,923	28,004	0	-	-	-	-	-	-	-	-	-
Proceeds from sale of investments
42,957	453,708	5,954	0	-	-	-	-	-	-	-	-
Proceeds from sale of equipment to third-party
-	-	-	-	-	-	-	-	-	5,284	9,961	0
Dividend from equity method investees
-	-	-	-	0	-	-	17,403	75,346	0	0	-
Cash paid for investments in unconsolidated investees
12,400	14,687	18,627	11,547	4,092	97,013	17,761	13,817	80,000	17,799	2,403	24,625
Net Cash Provided by (Used in) Investing Activities, Continuing Operations
-	-	-	-	-	-	-	-	-	-461,360	-256,559	-326,146
Net cash provided by investing activities of discontinued operations
-	-	-	-	-	-	-	-	-	33,950	0	0
Net cash provided by (used in) investing activities
21,366	274,900	-293,084	-354,783	132,574	-309,239	-153,178	-220,067	64,040	-427,410	-256,559	-326,146
Cash flows from financing activities:
Proceeds from issuance of convertible debt, net of issuance costs
-	-	-	-	416,305	395,275	296,283	0	0	244,241	225,018	0
Cash paid for repurchase of convertible debt
-	-	-	-	324,352	42,250	0	198,608	0	143,804	75,636	1,187
Proceeds from settlement of 4.75% Bond Hedge
-	-	-	-	-	68,842	0	0	-	-	-	-
Payments to settle 4.75% Warrants
-	-	-	-	-	81,077	0	0	-	-	-	-
Proceeds from settlement of 4.50% Bond Hedge
-	-	-	-	74,628	131	0	0	-	-	-	-
Payments to settle 4.50% Warrants
-	-	-	-	574	0	0	-	-	-	-	-
Cash paid for acquisitions
-	-	-	5,714	0	0	-	-	-	-	-	-
Proceeds from bank loans and other debt
381,928	227,676	339,253	113,645	0	0	-	150,000	489,221	214,655	193,256	54,598
Repayment of bank loans and other debt
271,015	535,252	358,317	143,601	16,088	16,852	290,486	154,078	377,124	63,646	0	0
Proceeds from issuance of non-recourse residential financing, net of issuance costs
72,259	192,287	89,612	183,990	100,108	81,926	0	0	-	-	-	-
Repayment of non-recourse residential financing
2,959	17,358	6,888	37,932	41,503	15,930	0	0	-	-	-	-
Proceeds from 8point3 Energy Partners LP attributable to operating leases and unguaranteed sales-type lease residual values
-	-	-	-	29,300	0	0	-	-	-	-	-
Contributions from noncontrolling interests attributable to real estate projects
-	-	-	-	12,410	-	0	-	-	-	-	-
Cash increase in connection with the consolidation of an entity under common control
-	-	-	-	-	-	-	-	50,443	0	-	-
Contributions from noncontrolling interests and redeemable noncontrolling interests attributable to residential projects
35,790	151,204	196,628	146,334	180,881	100,683	100,008	0	0	-	-	-
Distributions to noncontrolling interests and redeemable noncontrolling interests attributable to residential projects
316	21,918	18,228	19,039	10,291	5,093	335	0	0	-	-	-
Proceeds from issuance of non-recourse power plant and commercial financing, net of issuance costs
3,004	126,020	527,897	738,822	441,775	112,137	-	-	-	-	-	-
Repayment of non-recourse power plant and commercial financing
0	31,282	176,069	795,209	238,744	4,437	8,804	0	0	-	-	-
Proceeds from issuance of non-recourse debt financing, net of issuance costs
-	-	-	-	-	-	-	-	-	-	0	0
Proceeds from residential lease financing
-	-	-	-	-	-	96,392	60,377	0	0	-	-
Repayment of residential lease financing
-	-	-	-	-	-	0	0	-	-	-	-
Proceeds from sale-leaseback financing
-	-	-	-	-	-	73,139	0	0	-	-	-
Assumption of project loans by customers
-	-	-	-	-	-	-	-	-	-333,467	0	0
Proceeds of common stock equity offering, net of offering costs
171,834	0	0	-	-	-	-	-	-	-	218,781	0
Payment for prior business combination
39,000	0	0	-	-	-	-	-	-	-	-	-
Proceeds from Sale of Claim in Connection With Share Lending Arrangement
-	-	-	-	-	-	-	-	-	24,000	0	0
Settlement of contingent consideration arrangement, net of cash received
1,646	0	0	-	-	-	-	-	-	-	-	-
Contributions from noncontrolling interests attributable to power plant and commercial projects
0	0	800	0	0	-	-	-	-	-	-	-
Proceeds from warrant transactions
-	-	-	-	-	-	-	-	2,261	61,450	71,001	0
Proceeds from exercise of stock options
-	-	-	-	517	1,052	156	51	4,051	867	1,529	5,128
Proceeds from (Payments to) Noncontrolling Interests
-	-	-	-	123,817	-	-	-	-	-	-	-
Excess tax benefit from stock-based compensation
-	-	-	-	39,375	2,379	0	0	-	-	-	40,696
Purchases of stock for tax withholding obligations on vested restricted stock
5,565	5,530	4,756	21,517	43,780	57,548	19,829	5,691	11,744	3,689	4,327	6,682
Cash paid for purchased options
-	-	-	-	-	-	-	-	-	-	97,336	0
Cash paid for bond hedge
-	-	-	-	-	-	-	-	-	75,200	0	0
Proceeds from private offering of common stock, net of issuance costs
-	-	-	-	-	-	-	163,616	0	0	-	-
Cash distributions to Parent in connection with the transfer of entities under common control
-	-	-	-	-	-	-	169,637	0	0	-	-
Proceeds from recovery of claim in connection with share lending arrangement
-	-	-	-	-	-	-	50,645	0	-	-	-
Net Cash Provided by (Used in) Financing Activities, Continuing Operations
-	-	-	-	-	-	-	-	-	244,045	532,286	92,553
Net cash provided by financing activities of discontinued operations
-	-	-	-	-	-	-	-	-	17,059	0	0
Net cash provided by (used in) financing activities
344,314	85,847	589,932	159,779	619,967	498,566	294,068	-75,708	157,108	261,104	532,286	92,553
Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents
-373	2,068	689	735	-4,782	-4,023	1,705	-1,259	-6,646	-10,962	-3,568	-4,121
Net decrease in cash, cash equivalents, restricted cash and restricted cash equivalents
94,894	-180,574	30,125	-506,552	21,528	193,664	305,024	-268,131	120,198	-10,459	413,548	-82,883
Non-cash transactions:
Stock consideration received from a business divestiture
0	42,600	0	0	-	-	-	-	-	-	-	-
Acquisition of noncontrolling interests funded by Mezzanine Loan proceeds
0	12,400	0	0	-	-	-	-	-	-	-	-
Costs of solar power systems, leased, sourced from existing inventory
0	36,384	57,688	57,422	66,604	41,204	53,721	117,692	10,158	0	-	-
Costs of solar power systems, leased, funded by liabilities
0	3,631	5,527	3,026	10,972	3,786	5,884	6,544	1,767	0	1,471	3,054
Assignment of residential lease receivables to third parties
0	0	129	4,290	3,315	8,023	93,013	23,813	0	0	-	-
Costs of solar power systems sourced from existing inventory
29,206	0	0	-	-	-	-	-	-	-	-	-
Costs of solar power systems funded by liabilities
2,671	0	0	-	-	-	-	-	-	-	-	-
Costs of solar power systems under sale-leaseback financing arrangements, sourced from project assets
0	86,540	110,375	27,971	6,076	28,259	30,442	0	0	-	-	-
Issuance of common stock for repurchased convertible debt
-	-	-	-	-	-	-	-	-	-	-	40
Property, plant and equipment acquisitions funded by liabilities
13,745	8,214	15,706	43,817	28,950	11,461	5,288	6,408	10,888	5,937	28,914	41,274
Non-cash interest expense capitalized and added to the cost of qualified assets
-	-	-	-	-	-	-	-	-	5,957	4,964	8,930
Issuance of warrants in connection with the Liquidity Support Agreement
-	-	-	-	-	-	-	50,327	0	0	-	-
Issuance of common stock upon conversion of convertible debt
-	-	-	-	-	188,263	0	0	-	-	-	-
Exchange of receivables for an investment in an unconsolidated investee
-	-	-	2,890	0	0	-	-	-	-	-	-
Sale of residential lease portfolio in exchange for non-controlling equity interests in the 8point3 Group
-	-	-	-	68,273	0	0	-	-	-	-	-
Acquisition funded by liabilities
0	9,000	0	103,354	0	0	-	-	-	-	-	-
Contractual obligations satisfied by inventory
1,701	56,840	34,675	-	0	-	-	-	-	-	-	-
Proceeds from issuance of project loans, net of issuance costs
-	-	-	-	-	-	82,394	27,617	0	318,638	-	-
Assumption of debt by buyer upon sale of equity interest
0	27,321	196,104	0	0	40,672	34,850	0	0	-	-	-
Right-of-use assets obtained in exchange for lease obligations
111,142	0	0	-	-	-	-	-	-	-	-	-
Assumption of mezzanine loan by SunStrong in connection with sale of residential lease assets
-	-	-	0	-	-	-	-	-	-	-	-
Assumption of back leverage loans by SunStrong in connection with sale of residential lease assets
-	-	-	0	-	-	-	-	-	-	-	-
Retained interest in SunStrong lease portfolio
0	9,750	0	0	-	-	-	-	-	-	-	-
Derecognition of financing obligations upon business divestiture
590,884	0	0	-	-	-	-	-	-	-	-	-
Holdback related to sale of commercial sale-leaseback
1,927	0	0	-	-	-	-	-	-	-	-	-
Receivables in connection with sale of residential lease assets
2,570	12,510	0	-	-	-	-	-	-	-	-	-
Assumption of debt by buyer in connection with sale of residential lease assets
69,076	561,588	0	-	-	-	-	-	-	-	-	-
Aged supplier financing balances reclassified from accounts payable to short-term debt
45,352	0	0	-	-	-	-	-	-	-	-	-
Receivables in connection with sale of residential lease portfolio
-	-	-	0	-	-	-	-	-	-	-	-
Supplemental cash flow information:
Net reclassification of cash proceeds offset by project assets in connection with the deconsolidation of assets sold to the 8point3 Group
-	-	-	-	102,333	0	0	-	-	-	-	-
Proceeds from issuance of bond, net of issuance costs
-	-	-	-	-	-	-	-	-	29,538	0	0
Change in goodwill relating to adjustments to acquired net assets
-	-	-	-	-	-	-	-	-	-	-	1,176
Cash paid for interest, net of amount capitalized
32,777	99,204	59,885	35,770	34,909	39,857	46,026	40,621	28,280	16,592	7,922	4,220
Cash paid for income taxes
8,988	7,800	12,795	35,414	29,509	8,765	1,338	8,073	28,154	10,582	17,169	13,431