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SPWR - SunPower Corporation

NASDAQ -> Technology -> Solar
San Jose, United States
Type: Equity

SPWR price evolution
SPWR
(in millions $) 31 Jan 2024 2 Aug 2023 2 May 2023 1 Feb 2023
Current assets
Cash $106.41 $115.34 $126.11
Short term investments $15.44 $12.92
Net receivables $219.66 $286.77 $257.86 $229.23
Inventory $260.91 $424.04 $381.85 $316.81
Total current assets $828.77 $1046.21 $986.28 $1268.51
Long term investments $9.55 $15.94 $15.16
Property, plant & equipment $177.38 $170.7 $159.19 $153.23
Goodwill & intangible assets $145.83 $147.02 $148.77
Total noncurrent assets $520.13 $527.57 $506.13
Total investments $24.99 $28.85 $15.16
Total assets $1347.08 $1573.78 $1492.41 $1780.01
Current liabilities
Accounts payable $220.36 $229.01 $225.14 $242.23
Deferred revenue
Short long term debt $317.22 $53.79 $133.06
Total current liabilities $883.92 $637.79 $683.7 $1050.35
Long term debt $0.25 $318.08 $165.02 $8.19
Total noncurrent liabilities $157.79 $458.31 $305.42
Total debt $341.8 $386.37 $317.39
Total liabilities $1041.38 $1097 $990.01 $1205.16
Shareholders' equity
Retained earnings -$2332.76 -$2149.93 -$2116.86 -$2066.18
Other shareholder equity $14 $11.59 $11.57 $11.57
Total shareholder equity $422.61 $476.78 $502.4
(in millions $) 31 Jan 2024 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $386.88 $131.29 $238.28
Short term investments $132.48 $365.88
Net receivables $219.66 $229.23 $126.79 $108.86
Inventory $260.91 $316.81 $242.99 $210.58
Total current assets $828.77 $1268.51 $1073.47 $790.32
Long term investments $15.15 $17.33 $8.52
Property, plant & equipment $177.38 $153.23 $148.13 $172.25
Goodwill & intangible assets $150.53 $151.22 $0.7
Total noncurrent assets $511.49 $481.34 $856.17
Total investments $147.63 $383.21 $8.52
Total assets $1347.08 $1780.01 $1554.81 $1646.48
Current liabilities
Accounts payable $220.36 $242.23 $177.06 $166.07
Deferred revenue $72.42
Short long term debt $518.68 $124.82 $169.33
Total current liabilities $883.92 $1050.35 $509.6 $529.73
Long term debt $0.25 $8.19 $462.82 $522.5
Total noncurrent liabilities $154.01 $655.19 $710.26
Total debt $548.33 $587.64 $691.82
Total liabilities $1041.38 $1205.16 $1164.78 $1240
Shareholders' equity
Retained earnings -$2332.76 -$2066.18 -$2122.21 -$2085.25
Other shareholder equity $14 $11.57 $11.17 $8.8
Total shareholder equity $574.85 $388.39 $404.17
(in millions $) 31 Jan 2024 2 Aug 2023 2 May 2023 31 Mar 2023
Revenue
Total revenue $356.9 $463.85 $440.88 $440.88
Cost of revenue $376.77
Gross Profit $10.98 $64.13 $64.11 $64.11
Operating activities
Research & development $7.25
Selling, general & administrative $90.88
Total operating expenses $109.66 $89.22 $98.13 $97.9
Operating income -$33.79
Income from continuing operations
EBIT -$43.78
Income tax expense -$0.62 $0.23 $1.23 $1.23
Interest expense -$9.34 -$5.46 -$4.85 $5.68
Net income
Net income -$123.9 -$33.07 -$50.68 -$50.68
Income (for common shares) -$50.68
(in millions $) 31 Jan 2024 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $1685.22 $1741.07 $1323.49 $1124.83
Cost of revenue $1377.17 $1101.89 $957.7
Gross Profit $238.46 $363.9 $221.61 $167.13
Operating activities
Research & development $24.76 $17.07 $22.38
Selling, general & administrative $339.32 $232.25 $164.7
Total operating expenses $416.99 $364.39 $249.29 $183.47
Operating income -$0.49 -$27.69 -$16.35
Income from continuing operations
EBIT $68.86 -$3.06 $562.56
Income tax expense $0.95 -$8.75 $5.22 $54.36
Interest expense -$26.21 $21.57 $29.08 $33.15
Net income
Net income -$247.11 $56.04 -$37.36 $475.05
Income (for common shares) $56.04 -$37.36 $475.05
(in millions $) 31 Jan 2024 2 Aug 2023 2 May 2023 31 Mar 2023
Net income -$50.68
Operating activities
Depreciation $11.66
Business acquisitions & disposals
Stock-based compensation $6.88
Total cash flows from operations -$135.08
Investing activities
Capital expenditures -$12.83
Investments $120.37
Total cash flows from investing $16 $47.15 $107.54 $107.54
Financing activities
Dividends paid
Sale and purchase of stock -$5.07
Net borrowings -$228.15
Total cash flows from financing -$172.31 -$165.56 -$233.22 -$233.22
Effect of exchange rate
Change in cash and equivalents -$308.02 -$270.76 -$260.76 -$260.76
(in millions $) 31 Jan 2024 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $56.04 -$37.36 $475.05
Operating activities
Depreciation $34.6 $11.51 $48.3
Business acquisitions & disposals $146.3 -$113.68 -$115.72
Stock-based compensation $26.43 $25.9 $24.82
Total cash flows from operations -$181.48 -$44.48 -$187.39
Investing activities
Capital expenditures -$54.5 -$13.28 -$21.11
Investments $401.17 $181.26 $266.01
Total cash flows from investing $16 $492.97 $54.29 $129.19
Financing activities
Dividends paid
Sale and purchase of stock -$11.4 -$6.76 -$12.84
Net borrowings -$37.46 -$101.25 -$140.18
Total cash flows from financing -$172.31 -$58.07 -$108.01 -$153.85
Effect of exchange rate $0.2
Change in cash and equivalents -$308.02 $253.42 -$98.19 -$211.85
Fundamentals
Market cap $526.08M
Enterprise value N/A
Shares outstanding 175.36M
Revenue $1.70B
EBITDA N/A
EBIT N/A
Net Income -$258.33M
Revenue Q/Q -24.97%
Revenue Y/Y N/A
P/E ratio -2.04
EV/Sales N/A
EV/EBITDA N/A
EV/EBIT N/A
P/S ratio 0.31
P/B ratio N/A
Book/Share N/A
Cash/Share N/A
EPS -$1.47
ROA -16.68%
ROE N/A
Debt/Equity N/A
Net debt/EBITDA N/A
Current ratio 0.94
Quick ratio 0.64