Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Enphase Energy Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Accounts payable	116,164)	125,085)	113,767)	72,609)	57,474)
Customer rebates and sales incentives	158,338)	153,916)	79,038)	36,622)	24,198)
Liability due to supply agreements	32,973)	17,341)	14,653)	5,500)	1,729)
Freight	19,262)	35,011)	20,522)	10,300)	4,908)
Salaries, commissions, incentive compensation and benefits	10,316)	18,009)	13,062)	6,634)	5,524)
Income tax payable	8,531)	16,146)	340)	—)	—)
Operating lease liabilities, current	5,220)	5,371)	3,830)	4,542)	3,170)
Contingent consideration	—)	—)	3,710)	—)	—)
VAT payable	3,243)	19,852)	7,231)	—)	—)
Post combination expense accrual	—)	9,138)	8,602)	—)	—)
Liabilities related to restructuring activities	3,104)	714)	—)	—)	—)
Other	20,932)	20,441)	6,924)	12,944)	7,563)
Accrued liabilities	261,919)	295,939)	157,912)	76,542)	47,092)
Deferred revenues, current	118,300)	90,747)	62,670)	47,665)	81,783)
Warranty obligations, current	36,066)	35,556)	19,395)	11,260)	10,078)
Debt, current	—)	90,892)	86,052)	325,967)	2,884)
Current liabilities	532,449)	638,219)	439,796)	534,043)	199,311)
Deferred revenues, non-current	369,172)	281,613)	187,186)	125,473)	100,204)
Warranty obligations, non-current	153,021)	95,890)	53,982)	34,653)	27,020)
Other liabilities	51,008)	43,520)	16,530)	17,042)	11,817)
Debt, non-current	1,293,738)	1,199,465)	951,594)	4,898)	102,659)
Non-current liabilities	1,866,939)	1,620,488)	1,209,292)	182,066)	241,700)
Total liabilities	2,399,388)	2,258,707)	1,649,088)	716,109)	441,011)
Common stock, $0.00001 par value	1)	1)	1)	1)	1)
Additional paid-in capital	939,338)	819,119)	837,924)	534,744)	458,315)
Accumulated equity (deficit)	46,273)	17,335)	(405,737)	(51,186)	(185,181)
Accumulated other comprehensive income (loss)	(1,988)	(10,882)	(2,020)	434)	(923)
Stockholders’ equity	983,624)	825,573)	430,168)	483,993)	272,212)
Total liabilities and stockholders’ equity	3,383,012)	3,084,280)	2,079,256)	1,200,102)	713,223)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Download chart

Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Enphase Energy Inc. current liabilities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
Non-current liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Enphase Energy Inc. non-current liabilities increased from 2021 to 2022 and from 2022 to 2023.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Enphase Energy Inc. total liabilities increased from 2021 to 2022 and from 2022 to 2023.
Stockholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Enphase Energy Inc. stockholders’ equity increased from 2021 to 2022 and from 2022 to 2023.

Enphase Energy Inc. (NASDAQ:ENPH)

Balance Sheet: Liabilities and Stockholders’ Equity