0001463101-22-000052.txt : 20220426 0001463101-22-000052.hdr.sgml : 20220426 20220426160659 ACCESSION NUMBER: 0001463101-22-000052 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20220426 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20220426 DATE AS OF CHANGE: 20220426 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Enphase Energy, Inc. CENTRAL INDEX KEY: 0001463101 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 204645388 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35480 FILM NUMBER: 22854356 BUSINESS ADDRESS: STREET 1: 47281 BAYSIDE PARKWAY CITY: FREMONT STATE: CA ZIP: 94538 BUSINESS PHONE: (707) 763-4784 MAIL ADDRESS: STREET 1: 47281 BAYSIDE PARKWAY CITY: FREMONT STATE: CA ZIP: 94538 8-K 1 enph-20220426.htm 8-K 2022 Q1EARNINGS RELEASE enph-20220426
0001463101false00014631012022-04-262022-04-26

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________________________________________
FORM 8-K
________________________________________________

CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 26, 2022
________________________________________________
enph-20220426_g1.jpg
ENPHASE ENERGY, INC.
(Exact name of registrant as specified in its charter)
________________________________________________
Delaware 001-35480 20-4645388
(State or other Jurisdiction of Incorporation) (Commission File No.) (IRS Employer Identification No.)

47281 Bayside Parkway
Fremont, CA 94538
(Address of principal executive offices, including zip code)
(877) 774-7000
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $0.00001 par value per shareENPHNasdaq Global Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 2.02. Results of Operations and Financial Condition.
On April 26, 2022, Enphase Energy, Inc. (the “Company”) issued a press release announcing the Company’s financial results for the first quarter ended March 31, 2022. A copy of the press release is furnished as Exhibit 99.1 to this report.
The information in Item 2.02 of this Form 8-K and the exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or subject to the liabilities of that Section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and shall not be incorporated by reference in any registration statement or other document filed under the Securities Act or the Exchange Act, whether made before or after the date hereof, regardless of any general incorporation language in such filings, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01. Financial Statements and Exhibits.



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date:April 26, 2022ENPHASE ENERGY, INC.
 By:/s/ Mandy Yang
  Mandy Yang
  Chief Financial Officer
(Principal Financial Officer and Principal Accounting Officer)



 EX-99.1 2 a2022q18-qexx991pressrelea.htm EX-99.1 - 2022 Q1 EARNINGS RELEASE Document

Exhibit 99.1
enpha06a.jpg
Enphase Energy Reports Financial Results for the First Quarter of 2022
FREMONT, Calif., April 26, 2022 - Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, announced today financial results for the first quarter of 2022, which included the summary below from its President and CEO, Badri Kothandaraman.
We reported record quarterly revenue of $441.3 million in the first quarter of 2022, along with 41.0% for non-GAAP gross margin. We shipped approximately 2,838,693 microinverters, or 1,029 megawatts DC, and 120.4 megawatt hours of Enphase IQ™ Batteries.
Financial highlights for the first quarter of 2022 are listed below.
•Record quarterly revenue of $441.3 million
•GAAP gross margin of 40.1%; non-GAAP gross margin of 41.0%
•GAAP operating income of $61.8 million; non-GAAP operating income of $114.5 million
•GAAP net income of $51.8 million; non-GAAP net income of $109.7 million
•GAAP diluted earnings per share of $0.37; non-GAAP diluted earnings per share of $0.79
•Cash flow from operations of $102.4 million
•Ending cash, cash equivalents, and marketable securities balance of $1.1 billion
Our revenue and earnings for the first quarter of 2022 are provided below, compared with those of the prior quarter and the year ago quarter:
(In thousands, except per share data and percentages)
GAAPNon-GAAP
Q1 2022Q4 2021Q1 2021Q1 2022Q4 2021Q1 2021
Revenue$441,292 $412,719 $301,754 $441,292 $412,719 $301,754 
Gross margin40.1 %39.6 %40.7 %41.0 %40.2 %41.1 %
Operating expenses$115,149 $105,619 $61,563 $66,250 $68,182 $43,699 
Operating income$61,824 $57,695 $61,386 $114,529 $97,725 $80,232 
Net income$51,821 $52,591 $31,698 $109,670 $102,779 $78,702 
Basic EPS$0.39 $0.39 $0.24 $0.82 $0.76 $0.60 
Diluted EPS$0.37 $0.37 $0.22 $0.79 $0.73 $0.56 
Our total revenue increased 7% compared to the fourth quarter of 2021. Our microinverter unit shipments were down 6%, compared to the fourth quarter of 2021. Our IQ Battery shipments were up 20%, compared to the fourth quarter of 2021. Our non-GAAP gross margin was 41.0% in the first quarter of 2022, compared to 40.2% in the fourth quarter of 2021, driven by reduced expedite costs.
Non-GAAP operating expenses were $66.3 million in the first quarter of 2022, compared to $68.2 million in the fourth quarter of 2021, primarily due to lower marketing spend. Non-GAAP operating income was $114.5 million in the first quarter of 2022, compared to $97.7 million in the fourth quarter of 2021.
We exited the first quarter of 2022 with $1.1 billion in cash, cash equivalents, and marketable securities and generated $102.4 million in cash flow from operations in the first quarter of 2022. Capital expenditures were $12.4 million in the first quarter of 2022, compared to $13.2 million in the fourth quarter of 2021.
1

Shipments of IQ8™ Microinverters continued to ramp strongly in the first quarter of 2022. IQ8 Microinverters can form a microgrid during a power outage using only sunlight, providing backup power even without a battery. IQ8’s grid-forming technology eliminates traditional ratio requirements between solar system size and battery size. And, with our Sunlight Jump Start™ feature, IQ8 Microinverters can restart a home energy system using sunlight only after prolonged grid outages that may result in a fully depleted battery.
Shipments of IQ™ Batteries increased to 120.4 megawatt hours in the first quarter of 2022, compared to 100.2 megawatt hours in the fourth quarter of 2021. We shipped batteries to the U.S., Germany, and Belgium during the first quarter, and continued to make several updates to improve the installer and homeowner experience. We now have more than 1,300 installers in the U.S. that are certified to install our batteries.
In March of 2022, we acquired SolarLeadFactory LLC, which provides high-quality leads to solar installers in the U.S. Our objective is to substantially increase lead volumes and improve conversion rates to drive down the customer acquisition costs for our installers. This was our fourth acquisition to strengthen the installer platform, with the prior acquisitions focused on solar design and proposal software, permitting services, and operations and maintenance (O&M) software. We aim to create an end-to-end installer platform to simplify installers’ lives by reducing soft costs and manual processes.
BUSINESS HIGHLIGHTS
On Feb. 28, 2022, Enphase Energy announced steady growth in its Enphase Installer Network (EIN) in Victoria, Australia due to market-leading partner support, state-run initiatives, and growing homeowner demand for safer, smarter, and more reliable solar systems.
On March 21, 2022, Enphase Energy announced that installers in Spain have seen an increase in deployments of residential solar energy systems, powered by IQ7+™ and IQ7A™ Microinverters. Residential solar deployments in Spain are growing exponentially as favorable regulatory developments and high electricity prices are motivating homeowners to make the switch to a more sustainable clean energy generation.
On March 28, 2022, Enphase Energy announced that Vermont-based utility Green Mountain Power (GMP) will offer Enphase® Energy Systems to its customers in a cutting-edge battery lease grid services pilot program. Homeowners can also enroll in GMP’s “Bring Your Own Device” grid services program, which enables customers with their own Enphase Energy Systems to participate and earn an up-front incentive.
On April 4, 2022, Enphase Energy announced it has expanded its nearly 15-year relationship with global diversified manufacturer Flex®. Starting in the first quarter of 2023, Flex’s factory in Timisoara, Romania will begin manufacturing Enphase microinverters for the European market, addressing the region’s rapid growth and demand for residential solar due to rising energy prices and the increased adoption of electric vehicles and heat pump technology.
On April 11, 2022, Enphase Energy announced the launch of its EIN in France. The EIN is a network of highly experienced installers that have a proven track-record of delivering exceptional homeowner experiences using Enphase products.
Enphase Energy recently announced that installers in South Carolina, Iowa, Nevada, Oklahoma, Wisconsin, Oregon, New Jersey, Ohio, and Utah have seen growing deployments of the Enphase Energy System powered by IQ® Microinverters and IQ Batteries.
SECOND QUARTER 2022 FINANCIAL OUTLOOK
For the second quarter of 2022, Enphase Energy estimates both GAAP and non-GAAP financial results as follows:
•Revenue to be within a range of $490 million to $520 million, which includes shipments of 130 to 140 megawatt hours of Enphase IQ™ Batteries
•GAAP gross margin to be within a range of 37.0% to 40.0%; non-GAAP gross margin to be within a range of 38.0% to 41.0%, excluding stock-based compensation expenses and acquisition related amortization
•GAAP operating expenses to be within a range of $127.5 million to $130.5 million, including $57.0 million estimated for stock-based compensation expenses and acquisition related costs and amortization
2

•Non-GAAP operating expenses to be within a range of $70.5 million to $73.5 million, excluding $57.0 million estimated for stock-based compensation expenses and acquisition related costs and amortization
Follow Enphase Online
•Read the Enphase blog.
•Follow @Enphase on Twitter.
•Visit us on Facebook and LinkedIn.
•Watch Enphase videos on YouTube.
Use of Non-GAAP Financial Measures
The Company has presented certain non-GAAP financial measures in this press release. To view a description of non-GAAP financial measures used and the non-GAAP reconciliation schedule for the periods presented, click here.
Conference Call Information
Enphase Energy will host a conference call for analysts and investors to discuss its first quarter 2022 results and second quarter 2022 business outlook today at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time). The call is open to the public by dialing (877) 644-1284; participant passcode 9774335. A live webcast of the conference call will also be accessible from the “Investor Relations” section of the Company’s website at investor.enphase.com. Following the webcast, an archived version will be available on the website for approximately one year. In addition, an audio replay of the conference call will be available by calling (855) 859-2056; participant passcode 9774335, beginning approximately one hour after the call.
Forward-Looking Statements
This press release contains forward-looking statements, including statements related to Enphase Energy’s expectations as to its second quarter of 2022 financial outlook and expense levels; the capabilities, advantages, features and performance of its technology and products, including the ability to simplify and reduce installation time; its business strategies and anticipated demand for and availability of its products and services; the impact to its installation partners and homeowners; the capabilities and performance of its partners; and the manufacture of microinverters in European market to address rapid growth. These forward-looking statements are based on Enphase Energy’s current expectations and inherently involve significant risks and uncertainties. Enphase Energy’s actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of certain risks and uncertainties including those risks described in more detail in its most recent Annual Report on Form 10-K for the year ended December 31, 2021 and other documents on file with the SEC from time to time and available on the SEC’s website at www.sec.gov. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations, except as required by law.
A copy of this press release can be found on the investor relations page of Enphase Energy’s website at investor.enphase.com.
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company based in Fremont, CA, is the world's leading supplier of microinverter-based solar and battery systems that enable people to harness the sun to make, use, save, and sell their own power—and control it all with a smart mobile app. The company revolutionized the solar industry with its microinverter-based technology and builds all-in-one solar, battery, and software solutions. Enphase has shipped more than 45 million microinverters, and over 2.0 million Enphase-based systems have been deployed in more than 135 countries. For more information, visit www.enphase.com.
© 2022 Enphase Energy, Inc. All rights reserved. Enphase Energy, Enphase, the “e” logo, IQ, IQ7+, IQ7A, IQ8, Sunlight Jump Start, and certain other names and marks are trademarks of Enphase Energy, Inc. Other names are for informational purposes and may be trademarks of their respective owners.

3


Contact:
Karen Sagot
Enphase Energy, Inc.
Investor Relations
ir@enphaseenergy.com
4

ENPHASE ENERGY, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
(Unaudited)
Three Months Ended
March 31,
2022		December 31,
2021		March 31,
2021
Net revenues$441,292 $412,719 $301,754 
Cost of revenues264,319 249,405 178,805 
Gross profit176,973 163,314 122,949 
Operating expenses:
Research and development35,719 31,589 21,818 
Sales and marketing41,344 44,470 19,622 
General and administrative38,086 29,560 20,123 
Total operating expenses115,149 105,619 61,563 
Income from operations61,824 57,695 61,386 
Other income (expense), net
Interest income460 414 73 
Interest expense(2,736)(12,689)(7,329)
Other income (expense), net(2,141)5,236 573 
Loss on partial settlement of convertible notes (1)— (115)(56,369)
Total other expense, net(4,417)(7,154)(63,052)
Income before income taxes57,407 50,541 (1,666)
Income tax benefit (provision)(5,586)2,050 33,364 
Net income$51,821 $52,591 $31,698 
Net income per share:
Basic$0.39 $0.39 $0.24 
Diluted$0.37 $0.37 $0.22 
Shares used in per share calculation:
Basic134,327 134,920 131,303 
Diluted144,617 141,480 146,442 

(1)    Loss on partial settlement of convertible notes of $0.1 million for the three months ended December 31, 2021, primarily relates to the non-cash loss on settlement of $1.1 million remaining aggregate principal amount of the Notes due 2024. Loss on partial settlement of convertible notes of $56.4 million for the three months ended March 31, 2021 primarily relates to the $9.5 million non-cash loss on partial settlement of $87.1 million aggregate principal amount of the Notes due 2024, $9.4 million non-cash loss on partial settlement of $217.7 million aggregate principal amount of the Notes due 2025 and $37.5 million non-cash inducement loss incurred on repurchase of Notes due 2025.
5

ENPHASE ENERGY, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
(Unaudited)
March 31,
2022		December 31,
2021
ASSETS
Current assets:
Cash and cash equivalents$251,850 $119,316 
Marketable securities811,621 897,335 
Accounts receivable, net358,310 333,626 
Inventory96,436 74,400 
Prepaid expenses and other assets40,566 37,784 
Total current assets1,558,783 1,462,461 
Property and equipment, net85,073 82,167 
Operating lease, right of use asset, net19,442 14,420 
Intangible assets, net103,173 97,758 
Goodwill195,637 181,254 
Other assets120,878 118,726 
Deferred tax assets, net180,291 122,470 
Total assets$2,263,277 $2,079,256 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable$104,738 $113,767 
Accrued liabilities169,146 157,912 
Deferred revenues, current68,693 62,670 
Warranty obligations, current23,960 19,395 
Debt, current87,219 86,052 
Total current liabilities453,756 439,796 
Long-term liabilities:
Deferred revenues, noncurrent202,711 187,186 
Warranty obligations, noncurrent59,619 53,982 
Other liabilities19,259 16,530 
Debt, noncurrent1,196,950 951,594 
Total liabilities1,932,295 1,649,088 
Total stockholders’ equity330,982 430,168 
Total liabilities and stockholders’ equity$2,263,277 $2,079,256 


6

ENPHASE ENERGY, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
(Unaudited)
Three Months Ended
March 31,
2022		December 31,
2021		March 31,
2021
Cash flows from operating activities:
Net income$51,821 $52,591 $31,698 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization15,558 10,972 5,558 
Provision for doubtful accounts147 27 14 
Loss on partial settlement of convertibles notes— 115 56,369 
Deemed repayment of convertible notes attributable to accreted debt discount— (133)(15,579)
Non-cash interest expense1,979 12,494 7,156 
Gain on settlement of debt securities— (6,569)— 
Change in fair value of debt securities1,116 111 (1,437)
Stock-based compensation47,797 37,176 14,844 
Deferred income taxes3,165 (2,451)(35,367)
Changes in operating assets and liabilities:
Accounts receivable(24,224)(58,091)(53,719)
Inventory(22,036)(5,618)6,888 
Prepaid expenses and other assets(3,042)(8,123)(5,040)
Accounts payable, accrued and other liabilities(1,805)45,396 36,376 
Warranty obligations9,906 5,417 8,640 
Deferred revenues22,061 13,859 19,440 
Net cash provided by operating activities102,443 97,173 75,841 
Cash flows from investing activities:
Purchases of property and equipment(12,375)(13,208)(9,940)
Purchases of marketable securities— (389,466)— 
Maturities of marketable securities76,735 — — 
Investments in private companies— — (25,000)
Settlement of investment in private companies— 26,569 — 
Business acquisitions, net of cash acquired(24,625)(180,413)(55,239)
Net cash provided by (used in) investing activities39,735 (556,518)(90,179)
Cash flows from financing activities:
Issuance of convertible notes, net of issuance costs— — 1,189,388 
Purchase of convertible note hedges— — (286,235)
Sale of warrants— — 220,800 
Principal payments and financing fees on debt— (272)(1,078)
Partial repurchase of convertible notes— (935)(289,233)
Repurchase of common stock— (300,000)— 
7

Three Months Ended
March 31,
2022		December 31,
2021		March 31,
2021
Proceeds from exercise of equity awards and employee stock purchase plan404 3,800 214 
Payment of withholding taxes related to net share settlement of equity awards(9,344)(8,825)(9,185)
Net cash provided by (used in) financing activities(8,940)(306,232)824,671 
Effect of exchange rate changes on cash and cash equivalents(704)(653)(702)
Net increase (decrease) in cash and cash equivalents132,534 (766,230)809,631 
Cash and cash equivalents—Beginning of period119,316 885,546 679,379 
Cash and cash equivalents —End of period$251,850 $119,316 $1,489,010 
8

ENPHASE ENERGY, INC.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(In thousands, except per share data and percentages)
(Unaudited)
Three Months Ended
March 31,
2022		December 31,
2021		March 31,
2021
Gross profit (GAAP)$176,973 $163,314 $122,949 
Stock-based compensation2,507 2,409 982 
Acquisition related amortization1,299 184 — 
Gross profit (Non-GAAP)$180,779 $165,907 $123,931 

Gross margin (GAAP)40.1 %39.6 %40.7 %
Stock-based compensation0.6 %0.6 %0.4 %
Acquisition related amortization0.3 %— %— %
Gross margin (Non-GAAP)41.0 %40.2 %41.1 %

Operating expenses (GAAP)$115,149 $105,619 $61,563 
Stock-based compensation (1)(45,290)(34,767)(13,862)
Acquisition related expenses and amortization(3,609)(2,670)(4,002)
Operating expenses (Non-GAAP)$66,250 $68,182 $43,699 

(1) Includes stock-based compensation as follows:
Research and development
$13,729 $11,712 $5,749 
Sales and marketing
13,057 13,090 3,537 
General and administrative
18,504 9,965 4,576 
Total
$45,290 $34,767 $13,862 

Income from operations (GAAP)$61,824 $57,695 $61,386 
Stock-based compensation47,797 37,176 14,844 
Acquisition related expenses and amortization4,908 2,854 4,002 
Income from operations (Non-GAAP)$114,529 $97,725 $80,232 

Net income (GAAP)$51,821 $52,591 $31,698 
Stock-based compensation47,797 37,176 14,844 
Acquisition related expenses and amortization4,908 2,854 4,002 
Non-cash interest expense1,979 12,494 7,156 
Loss on partial settlement of convertible notes— 115 56,369 
Non-GAAP income tax adjustment3,165 (2,451)(35,367)
Net income (Non-GAAP)$109,670 $102,779 $78,702 

9

Three Months Ended
March 31,
2022		December 31,
2021		March 31,
2021
Net income per share, basic (GAAP)$0.39 $0.39 $0.24 
Stock-based compensation0.36 0.28 0.11 
Acquisition related expenses and amortization0.04 0.02 0.03 
Non-cash interest expense0.01 0.09 0.05 
Loss on partial settlement of convertible notes— — 0.43 
Non-GAAP income tax adjustment0.02 (0.02)(0.26)
Net income per share, basic (Non-GAAP)$0.82 $0.76 $0.60 
Shares used in basic per share calculation GAAP and Non-GAAP134,327 134,920 131,303 
Net income per share, diluted (GAAP)$0.37 $0.37 $0.22 
Stock-based compensation0.34 0.27 0.11 
Acquisition related expenses and amortization0.04 0.02 0.03 
Non-cash interest expense0.02 0.09 0.05 
Loss on partial settlement of convertible notes— — 0.40 
Non-GAAP income tax adjustment0.02 (0.02)(0.25)
Net income per share, diluted (Non-GAAP) (2)$0.79 $0.73 $0.56 
Shares used in diluted per share calculation GAAP144,617 141,480 146,442 
Shares used in diluted per share calculation Non-GAAP (3)139,289 140,680 141,746 
Net cash provided by operating activities (GAAP)$102,443 $97,173 $75,841 
Purchases of property and equipment(12,375)(13,208)(9,940)
Deemed repayment of convertible notes due 2024 and notes due 2025 attributable to accreted debt discount— 133 15,579 
Free cash flow (Non-GAAP)$90,068 $84,098 $81,480 

(2)    Calculation of non-GAAP diluted net income per share for the three months ended March 31, 2022, December 31, 2021 and March 31, 2021, excludes convertible notes due 2023 interest expense, net of tax of less than $0.1 million in each period from non-GAAP net income.
(3)    Effect of dilutive in-the-money portion of convertible senior notes and warrants are included in the GAAP weighted-average diluted shares in periods where the Company has GAAP net income. The Company excluded the in-the-money portion of convertible notes due 2024 totaling 38 thousand shares and 2,984 thousand shares in the three months ended December 31, 2021 and March 31, 2021, respectively, from non-GAAP weighted-average diluted shares as the Company entered into convertible note hedge transactions that reduce potential dilution to the Company’s common stock upon any conversion of the notes due 2024. The Company excluded the in-the-money portion of convertible notes due 2025 totaling 1,253 thousand shares, 763 thousand shares and 1,713 thousand shares in the three months ended March 31, 2022, December 31, 2021 and March 31, 2021, respectively, from non-GAAP weighted-average diluted shares as the Company entered into convertible note hedge transactions that reduce potential dilution to the Company’s common stock upon any conversion of the notes due 2025.
10
 EX-101.SCH 3 enph-20220426.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 0001001 - Document - Cover Page Cover Page link:presentationLink link:calculationLink link:definitionLink EX-101.LAB 4 enph-20220426_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT Pre-commencement Tender Offer Pre-commencement Tender Offer Amendment Flag Amendment Flag Entity Address, State or Province Entity Address, State or Province Entity Tax Identification Number Entity Tax Identification Number Title of 12(b) Security Title of 12(b) Security Entity File Number Entity File Number Written Communications Written Communications Pre-commencement Issuer Tender Offer Pre-commencement Issuer Tender Offer Security Exchange Name Entity Emerging Growth Company Trading Symbol Trading Symbol Document Period End Date Document Period End Date Soliciting Material Soliciting Material Document Type Document Type City Area Code City Area Code Entity Incorporation, State or Country Code Entity Incorporation, State or Country Code Entity Address, Address Line One Entity Address, Address Line One Entity Registrant Name Entity Registrant Name Local Phone Number Local Phone Number Entity Address, City or Town Entity Address, City or Town Cover page. Cover [Abstract] Entity Address, Postal Zip Code Entity Address, Postal Zip Code Entity Central Index Key Entity Central Index Key Security Exchange Name Security Exchange Name EX-101.PRE 5 enph-20220426_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT GRAPHIC 6 enph-20220426_g1.jpg LOGO begin 644 enph-20220426_g1.jpg M_]C_X 02D9)1@ ! 0$!+ $L #_X0%:17AI9@ 34T *@ @ #P#^ 0 M ! $ 0 ! !Z0$! 0 ! 50$" , $ P@$# M , ! 4 $& , ! 4 $1 0 / R@$5 , ! 0 M $6 0 ! !@$7 0 / !!@$: 4 ! !0@$; 4 ! M !2@$< , ! $ $H , ! ( $] , ! ( M" ( @ " @ %G "TP !S, LX /70 $PH !

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enpha06a.jpg LOGO begin 644 enpha06a.jpg M_]C_X 02D9)1@ ! 0$!+ $L #_X0%:17AI9@ 34T *@ @ #P#^ 0 M ! $ 0 ! !Z0$! 0 ! 50$" , $ P@$# M , ! 4 $& , ! 4 $1 0 / R@$5 , ! 0 M $6 0 ! !@$7 0 / !!@$: 4 ! !0@$; 4 ! M !2@$< , ! $ $H , ! ( $] , ! ( M" ( @ " @ %G "TP !S, LX /70 $PH !

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htm IDEA: XBRL DOCUMENT v3.22.1
Cover Page Cover Page
Apr. 26, 2022
Cover [Abstract]  
Entity Central Index Key 0001463101
Document Type 8-K
Document Period End Date Apr. 26, 2022
Entity Registrant Name ENPHASE ENERGY, INC.
Entity Incorporation, State or Country Code DE
Entity File Number 001-35480
Entity Tax Identification Number 20-4645388
Entity Address, Address Line One 47281 Bayside Parkway
Entity Address, City or Town Fremont
Entity Address, State or Province CA
Entity Address, Postal Zip Code 94538
City Area Code 877
Local Phone Number 774-7000
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, $0.00001 par value per share
Trading Symbol ENPH
Security Exchange Name NASDAQ
Security Exchange Name false
Amendment Flag false

XML 9 enph-20220426_htm.xml IDEA: XBRL DOCUMENT 0001463101 2022-04-26 2022-04-26 0001463101 false 8-K 2022-04-26 ENPHASE ENERGY, INC. DE 001-35480 20-4645388 47281 Bayside Parkway Fremont CA 94538 877 774-7000 false false false false Common Stock, $0.00001 par value per share ENPH NASDAQ false 2022-04-26 2022-04-26 EXCEL 10 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 11 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 12 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 13 FilingSummary.xml IDEA: XBRL DOCUMENT 3.22.1 html 1 22 1 false 0 0 false 0 false false R1.htm 0001001 - Document - Cover Page Cover Page Sheet http://enphase.com/role/CoverPageCoverPage Cover Page Cover Page Cover 1 false false All Reports Book All Reports enph-20220426.htm a2022q18-qexx991pressrelea.htm enph-20220426.xsd enph-20220426_lab.xml enph-20220426_pre.xml enph-20220426_g1.jpg http://xbrl.sec.gov/dei/2021 true false JSON 15 MetaLinks.json IDEA: XBRL DOCUMENT { "instance": { "enph-20220426.htm": { "axisCustom": 0, "axisStandard": 0, "contextCount": 1, "dts": { "inline": { "local": [ "enph-20220426.htm" ] }, "labelLink": { "local": [ "enph-20220426_lab.xml" ] }, "presentationLink": { "local": [ "enph-20220426_pre.xml" ] }, "schema": { "local": [ "enph-20220426.xsd" ], "remote": [ "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd", "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd", "https://xbrl.sec.gov/dei/2021/dei-2021.xsd" ] } }, "elementCount": 23, "entityCount": 1, "hidden": { "http://xbrl.sec.gov/dei/2021": 2, "total": 2 }, "keyCustom": 0, "keyStandard": 22, "memberCustom": 0, "memberStandard": 0, "nsprefix": "enph", "nsuri": "http://enphase.com/20220426", "report": { "R1": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "enph-20220426.htm", "contextRef": "i88a00c7295e844768d67c0f21db49ac7_D20220426-20220426", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "document", "isDefault": "true", "longName": "0001001 - Document - Cover Page Cover Page", "role": "http://enphase.com/role/CoverPageCoverPage", "shortName": "Cover Page Cover Page", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "enph-20220426.htm", "contextRef": "i88a00c7295e844768d67c0f21db49ac7_D20220426-20220426", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } } }, "segmentCount": 0, "tag": { "dei_AmendmentFlag": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.", "label": "Amendment Flag", "terseLabel": "Amendment Flag" } } }, "localname": "AmendmentFlag", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://enphase.com/role/CoverPageCoverPage" ], "xbrltype": "booleanItemType" }, "dei_CityAreaCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Area code of city", "label": "City Area Code", "terseLabel": "City Area Code" } } }, "localname": "CityAreaCode", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://enphase.com/role/CoverPageCoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_CoverAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Cover page.", "label": "Cover [Abstract]", "terseLabel": "Cover page." } } }, "localname": "CoverAbstract", "nsuri": "http://xbrl.sec.gov/dei/2021", "xbrltype": "stringItemType" }, "dei_DocumentPeriodEndDate": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.", "label": "Document Period End Date", "terseLabel": "Document Period End Date" } } }, "localname": "DocumentPeriodEndDate", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://enphase.com/role/CoverPageCoverPage" ], "xbrltype": "dateItemType" }, "dei_DocumentType": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.", "label": "Document Type", "terseLabel": "Document Type" } } }, "localname": "DocumentType", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://enphase.com/role/CoverPageCoverPage" ], "xbrltype": "submissionTypeItemType" }, "dei_EntityAddressAddressLine1": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 1 such as Attn, Building Name, Street Name", "label": "Entity Address, Address Line One", "terseLabel": "Entity Address, Address Line One" } } }, "localname": "EntityAddressAddressLine1", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://enphase.com/role/CoverPageCoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCityOrTown": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the City or Town", "label": "Entity Address, City or Town", "terseLabel": "Entity Address, City or Town" } } }, "localname": "EntityAddressCityOrTown", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://enphase.com/role/CoverPageCoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressPostalZipCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Code for the postal or zip code", "label": "Entity Address, Postal Zip Code", "terseLabel": "Entity Address, Postal Zip Code" } } }, "localname": "EntityAddressPostalZipCode", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://enphase.com/role/CoverPageCoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressStateOrProvince": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the state or province.", "label": "Entity Address, State or Province", "terseLabel": "Entity Address, State or Province" } } }, "localname": "EntityAddressStateOrProvince", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://enphase.com/role/CoverPageCoverPage" ], "xbrltype": "stateOrProvinceItemType" }, "dei_EntityCentralIndexKey": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.", "label": "Entity Central Index Key", "terseLabel": "Entity Central Index Key" } } }, "localname": "EntityCentralIndexKey", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://enphase.com/role/CoverPageCoverPage" ], "xbrltype": "centralIndexKeyItemType" }, "dei_EntityEmergingGrowthCompany": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "Indicate if registrant meets the emerging growth company criteria.", "label": "Entity Emerging Growth Company", "terseLabel": "Security Exchange Name" } } }, "localname": "EntityEmergingGrowthCompany", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://enphase.com/role/CoverPageCoverPage" ], "xbrltype": "booleanItemType" }, "dei_EntityFileNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.", "label": "Entity File Number", "terseLabel": "Entity File Number" } } }, "localname": "EntityFileNumber", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://enphase.com/role/CoverPageCoverPage" ], "xbrltype": "fileNumberItemType" }, "dei_EntityIncorporationStateCountryCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Two-character EDGAR code representing the state or country of incorporation.", "label": "Entity Incorporation, State or Country Code", "terseLabel": "Entity Incorporation, State or Country Code" } } }, "localname": "EntityIncorporationStateCountryCode", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://enphase.com/role/CoverPageCoverPage" ], "xbrltype": "edgarStateCountryItemType" }, "dei_EntityRegistrantName": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.", "label": "Entity Registrant Name", "terseLabel": "Entity Registrant Name" } } }, "localname": "EntityRegistrantName", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://enphase.com/role/CoverPageCoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityTaxIdentificationNumber": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.", "label": "Entity Tax Identification Number", "terseLabel": "Entity Tax Identification Number" } } }, "localname": "EntityTaxIdentificationNumber", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://enphase.com/role/CoverPageCoverPage" ], "xbrltype": "employerIdItemType" }, "dei_LocalPhoneNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Local phone number for entity.", "label": "Local Phone Number", "terseLabel": "Local Phone Number" } } }, "localname": "LocalPhoneNumber", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://enphase.com/role/CoverPageCoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_PreCommencementIssuerTenderOffer": { "auth_ref": [ "r2" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.", "label": "Pre-commencement Issuer Tender Offer", "terseLabel": "Pre-commencement Issuer Tender Offer" } } }, "localname": "PreCommencementIssuerTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://enphase.com/role/CoverPageCoverPage" ], "xbrltype": "booleanItemType" }, "dei_PreCommencementTenderOffer": { "auth_ref": [ "r3" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.", "label": "Pre-commencement Tender Offer", "terseLabel": "Pre-commencement Tender Offer" } } }, "localname": "PreCommencementTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://enphase.com/role/CoverPageCoverPage" ], "xbrltype": "booleanItemType" }, "dei_Security12bTitle": { "auth_ref": [ "r0" ], "lang": { "en-us": { "role": { "documentation": "Title of a 12(b) registered security.", "label": "Title of 12(b) Security", "terseLabel": "Title of 12(b) Security" } } }, "localname": "Security12bTitle", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://enphase.com/role/CoverPageCoverPage" ], "xbrltype": "securityTitleItemType" }, "dei_SecurityExchangeName": { "auth_ref": [ "r1" ], "lang": { "en-us": { "role": { "documentation": "Name of the Exchange on which a security is registered.", "label": "Security Exchange Name", "terseLabel": "Security Exchange Name" } } }, "localname": "SecurityExchangeName", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://enphase.com/role/CoverPageCoverPage" ], "xbrltype": "edgarExchangeCodeItemType" }, "dei_SolicitingMaterial": { "auth_ref": [ "r4" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.", "label": "Soliciting Material", "terseLabel": "Soliciting Material" } } }, "localname": "SolicitingMaterial", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://enphase.com/role/CoverPageCoverPage" ], "xbrltype": "booleanItemType" }, "dei_TradingSymbol": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Trading symbol of an instrument as listed on an exchange.", "label": "Trading Symbol", "terseLabel": "Trading Symbol" } } }, "localname": "TradingSymbol", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://enphase.com/role/CoverPageCoverPage" ], "xbrltype": "tradingSymbolItemType" }, "dei_WrittenCommunications": { "auth_ref": [ "r6" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.", "label": "Written Communications", "terseLabel": "Written Communications" } } }, "localname": "WrittenCommunications", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://enphase.com/role/CoverPageCoverPage" ], "xbrltype": "booleanItemType" } }, "unitCount": 0 } }, "std_ref": { "r0": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b" }, "r1": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "d1-1" }, "r2": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "13e", "Subsection": "4c" }, "r3": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14d", "Subsection": "2b" }, "r4": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14a", "Subsection": "12" }, "r5": { "Name": "Regulation 12B", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-2" }, "r6": { "Name": "Securities Act", "Number": "230", "Publisher": "SEC", "Section": "425" } }, "version": "2.1" } ZIP 16 0001463101-22-000052-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001463101-22-000052-xbrl.zip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end