SUNPOWER CORP SPWR Income Statement

Sunpower corp (SPWR)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jul'18	Apr'18	Dec'17	Sep'17	Jun'17	Mar'17	Jan'17	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenue:
Revenue
449,190	603,761	475,958	436,281	348,225	456,837	428,263	449,097	391,888	651,135	485,836	327,981	329,095	1,017,964	729,346	420,452	384,875	374,364	380,218	381,020	440,871	1,164,238	662,734	507,871	692,422	638,134	657,120	576,516	635,433	678,525	648,948	595,897	494,131	625,276	705,427	592,255	451,418	937,073	550,645	384,238	347,274	465,361	299,341
Cost of revenue:
Utility and power plants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	257,803	119,999	144,094	195,117	124,295
Residential and commercial
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	292,842	264,239	203,180	270,244	175,046
Utility and power plants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	212,526	97,224	111,428	142,999	114,968
Residential and commercial
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	225,534	199,163	164,103	222,532	143,695
Cost of Revenue
411,742	508,622	427,707	416,481	385,510	464,408	418,386	759,058	381,314	661,652	464,547	311,814	374,679	1,018,184	600,138	379,158	333,338	354,061	317,574	310,139	350,053	904,759	554,220	413,726	529,433	507,466	463,890	468,655	576,120	631,648	568,175	522,397	448,883	582,998	629,303	572,961	362,896	699,359	438,060	296,387	275,531	365,531	258,663
Gross profit (loss)
37,448	95,139	48,251	19,800	-37,285	-7,571	9,877	-309,961	10,574	-10,517	21,289	16,167	-45,584	-220	129,208	41,294	51,537	20,303	62,644	70,881	90,818	259,479	108,514	94,145	162,989	130,668	193,230	107,861	59,313	46,877	80,773	73,500	45,248	42,278	76,124	19,294	88,522	237,714	112,585	87,851	71,743	99,830	40,678
Operating expenses:
Research and development
15,638	18,262	16,101	18,159	14,993	15,480	15,898	31,275	19,052	21,285	20,693	19,754	20,515	24,619	28,153	31,411	32,706	32,362	24,973	20,560	21,168	22,725	17,291	16,581	16,746	16,972	14,903	13,035	13,170	17,670	14,956	14,104	16,726	16,210	12,664	15,255	13,646	14,095	13,382	11,206	10,407	8,250	6,937
Sales, general and administrative
65,958	70,874	64,734	61,978	62,857	53,839	76,069	64,908	65,295	74,138	68,401	68,703	67,403	70,213	80,070	84,683	97,791	105,643	81,109	81,520	77,214	74,500	68,394	71,499	73,928	76,125	63,229	62,035	70,092	101,858	69,714	62,480	76,194	88,016	76,329	90,856	76,179	88,265	91,015	78,376	64,280	45,332	42,775
Other intangible asset impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40,301	-	-	-	0	-	-	-	-
Restructuring charges (credits)
1,576	8,039	4,283	2,453	-665	-1,107	3,923	3,504	11,177	2,769	3,517	4,969	9,790	175,775	31,202	117	96	335	726	1,749	3,581	13,213	188	-717	-461	897	1,114	928	-337	39,634	10,544	47,599	3,046	7,458	637	13,308	0	-	0	0	-	-	-
Impairment of residential lease assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	59,581	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on sale and impairment of residential lease assets
274	-2,931	10,756	8,301	9,226	81,078	53,537	68,269	49,100	624,335	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on business divestiture
0	0	0	137,286	6,114	0	59,347	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
82,898	94,244	95,874	-46,395	80,297	149,298	90,080	167,956	144,616	722,527	92,611	93,426	97,708	263,344	139,425	116,211	130,593	138,340	106,808	103,829	101,963	110,438	85,873	87,363	90,213	93,994	79,246	75,998	82,925	159,162	154,795	124,183	95,966	111,684	439,388	119,419	89,825	102,360	104,397	89,582	74,687	53,582	49,712
Operating loss
-45,450	895	-47,623	66,195	-117,582	-156,869	-80,203	-477,917	-134,042	-733,044	-71,322	-77,259	-143,292	-263,564	-10,217	-74,917	-79,056	-118,037	-44,164	-32,948	-11,145	149,041	22,641	6,782	72,776	36,674	113,984	31,863	-23,612	-112,285	-74,022	-50,683	-50,718	-69,406	-363,264	-100,125	-1,303	135,354	8,188	-1,731	-2,944	46,248	-9,034
Other income (expense), net:
Interest income
404	259	1,025	566	852	777	1,087	664	529	139	636	387	938	519	630	806	697	622	448	494	556	675	922	668	318	5,178	258	326	255	329	94	326	342	900	206	488	743	247	742	279	273	0	765
Interest expense
10,537	9,489	10,649	16,424	16,791	30,215	25,972	26,718	25,106	155,727	-22,032	-22,505	-20,902	50,255	-15,813	13,950	12,881	10,802	8,796	8,517	15,681	55,770	17,170	16,310	-19,592	27,974	28,861	24,870	27,034	20,185	25,834	19,400	18,701	18,839	17,096	16,059	15,259	10,258	14,768	19,310	10,940	9,992	9,763
Gain on settlement of preexisting relationships with acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	203,252	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on equity method investment in connection with acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-90,946	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-147,365	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	309,457	-	-	-	0	-	-	-	-
Gain on share lending arrangement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50,645	-	-	-	0	-	-	-	-	-	-	-	-
Gain on sale of equity interest in unconsolidated investee
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,989	-	-	-	0	28,348	-	-	-
Gain (loss) on change in equity interest in unconsolidated investee
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	322	-	-	0	-	-	0	0
Gain on deconsolidation of consolidated subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36,849	-	-	0	-
Gain on mark-to-market derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-97	-44	6,879	-2,967	34,070	-2,218	0	21,193
Other, net
55,069	28,709	45,184	67,768	33,073	6,539	-3,643	36,624	15,794	1,463	-336	-14,684	-74,088	10,265	-5,169	-5,822	-6,232	-3,102	-3,601	14,982	-2,620	-1,726	882	-76	1,369	-2,632	-4,159	443	-8,256	-4,587	594	-4,906	-672	6,729	8,487	-9,527	-9,207	1,934	-11,947	-10,806	-5,591	585	2,807
Other income, net
44,936	19,479	35,560	51,910	17,134	-22,899	-28,528	10,570	-8,783	-23,247	-21,732	-36,802	-94,052	-7,845	-55,411	-18,966	-18,416	-13,282	-11,949	6,959	-17,745	-17,637	-15,366	-15,718	-17,905	-25,428	-32,762	-24,101	-35,035	-24,443	25,499	-23,980	-19,031	-22,380	2,586	-24,873	-23,767	22,532	7,909	32,581	-18,476	-9,407	15,002
Loss before income taxes and equity in earnings of unconsolidated investees
-514	20,374	-12,063	118,105	-100,448	-179,768	-108,731	-467,347	-142,825	-756,291	-93,054	-114,061	-237,344	-271,409	-65,628	-93,883	-97,472	-131,319	-56,113	-25,989	-28,890	131,404	7,275	-8,936	54,871	11,246	81,222	7,762	-58,647	-136,728	-48,523	-74,663	-69,749	-91,786	-360,678	-124,998	-25,070	157,886	16,097	30,850	-21,420	36,841	5,968
Provision for income taxes
1,900	9,331	5,400	6,100	5,800	-8,390	3,700	3,100	2,600	-9,079	5,457	-2,353	2,031	-9,560	7,049	6,648	3,181	28,778	36,224	-659	2,351	38,868	-8,320	-8,168	-13,620	8,985	-4,575	4,506	2,989	9,300	593	10,593	1,356	-755	11,077	22,702	-15,816	3,882	3,376	46,992	-30,875	19,962	-5,223
Equity in earnings of unconsolidated investees
245	-5,008	-1,767	-1,963	1,680	-756	-1,500	-13,415	-2,144	-146	16,759	6,837	2,488	-10,061	16,770	8,350	-764	462	5,052	1,864	2,191	1,833	1,689	1,936	1,783	1,611	1,585	1,009	-333	1,257	578	1,075	-3,425	-1,929	971	-172	7,133	-4,128	5,825	2,030	3,118	2,627	3,133
Net loss
-2,138	5,978	-19,208	110,074	-104,565	-172,145	-113,911	-483,843	-147,597	-753,566	-70,838	-109,577	-236,887	-271,910	-55,907	-92,181	-101,417	-159,635	-87,285	-23,466	-29,050	121,609	17,284	1,168	43,034	3,872	87,382	4,265	-61,969	-144,771	-48,538	-84,181	-74,530	-	-	-	-	-	18,546	-14,112	-	19,506	14,324
Net income attributable to noncontrolling interests and redeemable noncontrolling interests
-707	537	-4,191	-11,385	-14,841	-13,971	-24,085	-36,726	-31,623	-302,579	24,609	19,062	17,161	-49,945	15,362	-22,189	-16,008	-32,014	-30,959	-29,975	-19,469	-57,126	-14,749	-12,934	22,010	-18,466	-21,004	-15,300	-7,273	0	0	0	0	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations, net of taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,570	7,896	-	0	0
Net loss attributable to stockholders
-1,431	5,441	-15,017	121,459	-89,724	-158,174	-89,826	-447,117	-115,974	-572,651	-46,229	-90,515	-219,726	-252,689	-40,545	-69,992	-85,409	-127,621	-56,326	6,509	-9,581	134,715	32,033	14,102	65,044	22,338	108,386	19,565	-54,696	-144,771	-48,538	-84,181	-74,530	-92,960	-370,784	-147,872	-2,121	152,251	20,116	-6,216	12,573	19,506	14,324
Continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.15	-	-	-
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.08	-	-	-
Basic and diluted net loss per share attributable to stockholders (in dollars per share)
-	-	-	-	-	-	-	-	-0.83	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.67	-	-3.77	-1.51	-0.02	-	-	-0.07	-	-	-
Basic and diluted weighted-average shares (in shares)
-	-	-	-	-	-	-	-	140,212	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	111,785	-	98,259	97,656	96,453	-	-	95,564	-	-	-
Net loss per share attributable to stockholders:
Continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.19	-	-	0.21	0.16
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.02	-	-	0.00	0.00
Basic (usd per share)
-0.01	0.04	-0.11	0.85	-0.63	-	-0.64	-3.17	-	-4.11	-0.33	-0.65	-1.58	-	-0.29	-0.51	-0.62	-0.96	-0.41	0.05	-0.07	1.03	0.24	0.11	0.53	0.20	0.89	0.16	-0.46	-	-0.41	-0.71	-	-	-	-	-	-	0.21	-	0.13	0.21	0.16
Continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.19	-	-	0.20	0.15
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.02	-	-	0.00	0.00
Diluted (usd per share)
-0.01	0.14	-0.11	0.75	-0.63	-	-0.64	-3.17	-	-4.11	-0.33	-0.65	-1.58	-	-0.29	-0.51	-0.62	-0.95	-0.41	0.04	-0.07	0.84	0.20	0.09	0.42	0.28	0.73	0.15	-0.46	-	-0.41	-0.71	-	-	-	-	-	-	0.21	-	0.13	0.20	0.15
Weighted-average shares:
Basic (shares)
168,822	152,440	142,553	142,471	141,720	-	141,027	140,926	-	139,613	139,517	139,448	138,902	-	138,209	138,084	137,203	136,654	136,473	134,376	132,033	131,393	131,204	129,747	122,196	121,466	121,314	120,943	119,553	-	118,952	118,486	-	-	-	-	-	-	95,840	-	95,154	94,668	90
Diluted (shares)
168,822	138,990	142,553	166,837	141,720	-	141,027	140,926	-	139,613	139,517	139,448	138,902	-	138,209	138,084	137,203	114,035	136,473	156,995	132,033	167,120	167,117	156,333	160,434	148,518	153,876	133,973	119,553	-	118,952	118,486	-	-	-	-	-	-	105,648	-	96,472	105,031	92
Solar power systems, components, and other
Revenue
443,933	599,670	467,196	426,841	341,442	412,833	358,403	353,780	328,860	598,119	437,039	278,578	281,205	969,172	673,538	356,011	328,700	327,494	330,401	330,552	401,213	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of Revenue
409,017	505,431	424,151	412,383	380,906	438,805	373,282	692,640	338,423	625,394	431,938	278,469	342,599	984,179	558,342	331,194	290,241	318,513	280,226	274,148	319,648	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Residential leasing
Revenue
1,324	1,322	3,523	1,676	3,884	44,004	69,860	95,317	63,028	53,016	48,797	49,403	47,890	48,792	55,808	64,441	56,175	46,870	49,817	50,468	39,658	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of Revenue
1,296	1,406	1,567	1,350	3,022	25,603	45,104	66,418	42,891	36,258	32,609	33,345	32,080	34,005	41,796	47,964	43,097	35,548	37,348	35,991	30,405	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Solar services
Revenue
3,933	2,769	5,239	7,764	2,899	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of Revenue
1,429	1,785	1,989	2,748	1,582	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-