Enphase Energy, Inc. Website

Enphase Energy, Inc.

NasdaqGM-ENPH

Income Statement
Dec '14
Dec '15
Dec '16
Dec '17
Dec '18
Dec '19
Dec '20
Dec '21
Dec '22
Dec '23
LTM

Total Revenues

624.3

774.4

1,382

2,330.9

2,290.8

1,420.4

Total Revenues % Chg.

97.5%

24%

78.5%

68.7%

-1.7%

-49.2%

Cost of Goods Sold, Total

403.1

428.4

827.6

1,356.3

1,232.4

802

Gross Profit

221.2

346

554.4

974.6

1,058.4

618.4

Selling General & Admin Expenses, Total

75.5

103.6

228.2

352.5

369.6

349.8

R&D Expenses

40.4

55.9

105.5

168.8

227.3

213.2

Other Operating Expenses

—

—

—

—

—

—

—

—

—

—

-42.9

Other Operating Expenses, Total

115.9

159.5

333.7

521.4

597

520.1

Operating Income

105.3

186.4

220.7

453.2

461.4

98.4

Interest Expense, Total

-9.7

-21

-45.2

-9.4

-8.8

-8.9

Interest And Investment Income

—

—

—

2.5

2.2

0.7

13.8

69.7

79.1

Net Interest Expenses

-7.2

-18.8

-44.5

4.3

60.9

70.2

Currency Exchange Gains (Loss)

—

—

—

—

—

-0.9

-2.1

0.9

Other Non Operating Income (Expenses)

0.6

-45.1

6.1

-0.1

0.6

0.7

EBT, Excl. Unusual Items

98.7

122.4

182.3

456.6

520.9

170.1

Restructuring Charges

—

—

-2.6

—

—

-2.4

-6

-8.2

Merger & Related Restructuring Charges

—

—

—

—

—

—

-4.9

-2.6

—

—

Gain (Loss) On Sale Of Investments

—

—

—

—

—

—

—

—

0.7

8

-2.9

Asset Writedown

—

—

—

—

—

—

—

—

—

-9.7

-9.7

Other Unusual Items

—

—

—

—

-6

-3

-56.5

-0.3

—

—

EBT, Incl. Unusual Items

90.1

119.4

120.9

452

513.1

149.3

Income Tax Expense

-71

-14.6

-24.5

54.7

74.2

19.7

Earnings From Continuing Operations

161.1

134

145.4

397.4

438.9

129.6

Net Income

161.1

134

145.4

397.4

438.9

129.6

Net Income to Common Incl Extra Items

161.1

134

145.4

397.4

438.9

129.6

Net Income to Common Excl. Extra Items

161.1

134

145.4

397.4

438.9

129.6

Total Shares Outstanding

123.1

129

133.9

136.4

135.7

135.4

Weighted Avg. Shares Outstanding

116.7

125.6

134

135.3

136.4

135.9

Weighted Avg. Shares Outstanding Dil

131.6

141.9

142.9

144.4

143.3

138.4

EPS

1.4

1.1

1.1

2.9

3.2

1

EPS Diluted

1.2

0.9

1

2.8

3.1

0.9

EBITDA

119.4

204.5

251.6

503.7

526.3

169.4

Effective Tax Rate

-78.8%

-12.2%

-20.3%

12.1%

14.5%

13.2%