XML 18 R46.htm IDEA: XBRL DOCUMENT v2.4.1.9
Balance Sheet Components (Details) (USD $)
Mar. 29, 2015
Dec. 28, 2014
Mar. 30, 2014
Dec. 29, 2013
Accounts receivable, net:        
Accounts receivable, gross $ 485,614,000us-gaap_AccountsReceivableGrossCurrent [1],[2] $ 523,613,000us-gaap_AccountsReceivableGrossCurrent [1],[2]    
Less: allowance for doubtful accounts (17,226,000)us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent 18,152,000us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent    
Less: allowance for sales returns (520,000)spwr_Allowanceforsalesreturns 1,145,000spwr_Allowanceforsalesreturns    
Accounts receivable, net 467,868,000us-gaap_AccountsReceivableNetCurrent [3] 504,316,000us-gaap_AccountsReceivableNetCurrent    
Short-term financing receivable (11,250,000)us-gaap_FinancingReceivableRecordedInvestmentCurrent (9,141,000)us-gaap_FinancingReceivableRecordedInvestmentCurrent    
Short-term retainage 240,300,000us-gaap_ContractReceivableRetainageDueOneYearOrLess 213,000,000us-gaap_ContractReceivableRetainageDueOneYearOrLess    
Inventory Disclosure [Abstract]        
Raw materials 71,552,000us-gaap_InventoryRawMaterialsNetOfReserves 46,848,000us-gaap_InventoryRawMaterialsNetOfReserves    
Work-in-process 85,800,000us-gaap_InventoryWorkInProcessNetOfReserves 67,903,000us-gaap_InventoryWorkInProcessNetOfReserves    
Finished goods 145,235,000us-gaap_InventoryFinishedGoodsNetOfReserves 93,822,000us-gaap_InventoryFinishedGoodsNetOfReserves    
Inventories 302,587,000us-gaap_InventoryNet 208,573,000us-gaap_InventoryNet    
Prepaid Expense and Other Assets, Current [Abstract]        
Deferred project costs 57,989,000us-gaap_DeferredCostsCurrent 64,784,000us-gaap_DeferredCostsCurrent    
Bond hedge derivative 0us-gaap_DerivativeInstrumentsAndHedges 51,951,000us-gaap_DerivativeInstrumentsAndHedges    
VAT receivables, current portion 6,628,000us-gaap_ValueAddedTaxReceivableCurrent 7,554,000us-gaap_ValueAddedTaxReceivableCurrent    
Deferred costs for solar power systems to be leased 26,633,000spwr_Deferredcostsforsolarpowersystemstobeleasedcurrent 22,537,000spwr_Deferredcostsforsolarpowersystemstobeleasedcurrent    
Derivative financial instruments 12,196,000us-gaap_FinancialInstrumentsOwnedDerivativesAndOtherContractualAgreementsAtFairValue 7,018,000us-gaap_FinancialInstrumentsOwnedDerivativesAndOtherContractualAgreementsAtFairValue    
Prepaid inventory 50,395,000spwr_Prepaidinventory 0spwr_Prepaidinventory    
Other receivables 92,924,000us-gaap_OtherReceivables 79,927,000us-gaap_OtherReceivables    
Other prepaid expenses 54,923,000us-gaap_OtherPrepaidExpenseCurrent 47,448,000us-gaap_OtherPrepaidExpenseCurrent    
Other current assets 44,137,000us-gaap_OtherAssetsCurrent 47,626,000us-gaap_OtherAssetsCurrent    
Prepaid expenses and other current assets 345,825,000us-gaap_PrepaidExpenseAndOtherAssetsCurrent [3] 328,845,000us-gaap_PrepaidExpenseAndOtherAssetsCurrent    
Project Assets [Abstract]        
Project assets — plants 196,890,000spwr_Projectassetsplants 104,328,000spwr_Projectassetsplants    
Project assets — land 12,154,000spwr_Projectassetsland 12,328,000spwr_Projectassetsland    
Project assets - plants and land 209,044,000spwr_ProjectAssetsPlantsandLand 116,656,000spwr_ProjectAssetsPlantsandLand    
Project assets - plants and land, current portion 179,650,000spwr_ProjectAssetsPlantsAndLandCurrentPortion 101,181,000spwr_ProjectAssetsPlantsAndLandCurrentPortion    
Project assets - plants and land, net of current portion 29,394,000us-gaap_InvestmentsInPowerAndDistributionProjects 15,475,000us-gaap_InvestmentsInPowerAndDistributionProjects    
Property, plant and equipment, net:        
Manufacturing equipment 556,730,000us-gaap_MachineryAndEquipmentGross [4] 554,124,000us-gaap_MachineryAndEquipmentGross    
Land and buildings 26,138,000spwr_LandandbuildingsGross 26,138,000spwr_LandandbuildingsGross    
Leasehold improvements 237,713,000us-gaap_LeaseholdImprovementsGross 236,867,000us-gaap_LeaseholdImprovementsGross    
Solar power systems 126,350,000spwr_Solarpowersystemsgross [5] 124,848,000spwr_Solarpowersystemsgross    
Computer equipment 92,636,000spwr_ComputerEquipmentGross 88,257,000spwr_ComputerEquipmentGross    
Furniture and fixtures 9,384,000us-gaap_FurnitureAndFixturesGross 9,436,000us-gaap_FurnitureAndFixturesGross    
Construction-in-process 97,493,000us-gaap_ConstructionInProgressGross 75,570,000us-gaap_ConstructionInProgressGross    
Property, plant and equipment, gross 1,146,444,000us-gaap_PropertyPlantAndEquipmentGross 1,115,240,000us-gaap_PropertyPlantAndEquipmentGross    
Less: accumulated depreciation (551,978,000)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment 529,896,000us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment    
Property, plant and equipment, net 594,466,000us-gaap_PropertyPlantAndEquipmentNet [6] 585,344,000us-gaap_PropertyPlantAndEquipmentNet    
Pledged Assets, Other, Not Separately Reported on Statement of Financial Position [Abstract]        
Solar power systems, sale leaseback 95,400,000us-gaap_SaleLeasebackTransactionNetBookValue 94,400,000us-gaap_SaleLeasebackTransactionNetBookValue    
Property, plant and equipment, net by geography:        
Property, plant and equipment, net 594,466,000us-gaap_PropertyPlantAndEquipmentNet [6] 585,344,000us-gaap_PropertyPlantAndEquipmentNet    
Other Assets, Noncurrent [Abstract]        
Equity method investments 213,089,000us-gaap_EquityMethodInvestments 210,898,000us-gaap_EquityMethodInvestments    
Cost method investments 32,277,000us-gaap_CostMethodInvestments 32,308,000us-gaap_CostMethodInvestments    
Other 61,644,000us-gaap_InvestmentsAndOtherNoncurrentAssets 57,023,000us-gaap_InvestmentsAndOtherNoncurrentAssets    
Other long-term assets 307,010,000us-gaap_OtherAssetsNoncurrent [3] 300,229,000us-gaap_OtherAssetsNoncurrent    
Accrued Liabilities, Current [Abstract]        
Bond hedge derivatives 0us-gaap_DerivativeInstrumentsAndHedgesLiabilities 51,951,000us-gaap_DerivativeInstrumentsAndHedgesLiabilities    
Employee compensation and employee benefits 36,355,000us-gaap_EmployeeRelatedLiabilitiesCurrent 47,667,000us-gaap_EmployeeRelatedLiabilitiesCurrent    
Deferred revenue 27,075,000us-gaap_DeferredRevenueCurrent 33,412,000us-gaap_DeferredRevenueCurrent    
Short-term residential lease financing 1,270,000spwr_Shorttermresidentialleasefinancing 1,489,000spwr_Shorttermresidentialleasefinancing    
Interest payable 11,703,000us-gaap_InterestPayableCurrent 10,575,000us-gaap_InterestPayableCurrent    
Short-term warranty reserves 14,467,000us-gaap_ProductWarrantyAccrualClassifiedCurrent 13,278,000us-gaap_ProductWarrantyAccrualClassifiedCurrent    
Restructuring reserve 9,130,000us-gaap_RestructuringReserve 13,477,000us-gaap_RestructuringReserve    
VAT payables 7,316,000spwr_ValueAddedTaxPayableCurrent 6,073,000spwr_ValueAddedTaxPayableCurrent    
Derivative financial instruments 2,715,000us-gaap_DerivativeLiabilitiesCurrent 1,345,000us-gaap_DerivativeLiabilitiesCurrent    
Inventory payable 50,395,000spwr_Inventorypayable 0spwr_Inventorypayable    
Other 109,065,000us-gaap_OtherAccruedLiabilitiesCurrent 151,767,000us-gaap_OtherAccruedLiabilitiesCurrent    
Accrued liabilities 269,491,000us-gaap_AccruedLiabilitiesCurrent 331,034,000us-gaap_AccruedLiabilitiesCurrent    
Other Liabilities, Noncurrent [Abstract]        
Deferred revenue 178,602,000us-gaap_DeferredRevenueNoncurrent 176,804,000us-gaap_DeferredRevenueNoncurrent    
Long-term warranty reserves 139,630,000us-gaap_ProductWarrantyAccrualNoncurrent 141,370,000us-gaap_ProductWarrantyAccrualNoncurrent    
Long-term sale-leaseback financing 112,240,000us-gaap_SaleLeasebackTransactionAmountDueUnderFinancingArrangement 111,904,000us-gaap_SaleLeasebackTransactionAmountDueUnderFinancingArrangement    
Long-term residential lease financing 19,032,000spwr_Longtermresidentialleasefinancing 27,122,000spwr_Longtermresidentialleasefinancing    
Unrecognized Tax Benefits Including Income Tax Penalties And Interest Accrued, Non-Current 23,069,000spwr_UnrecognizedTaxBenefitsIncludingIncomeTaxPenaltiesAndInterestAccruedNonCurrent      
Long-term pension liability 10,780,000us-gaap_DefinedBenefitPensionPlanLiabilitiesNoncurrent 9,980,000us-gaap_DefinedBenefitPensionPlanLiabilitiesNoncurrent    
Derivative financial instruments 10,548,000us-gaap_DerivativeLiabilitiesNoncurrent 3,712,000us-gaap_DerivativeLiabilitiesNoncurrent    
Other 49,072,000us-gaap_OtherLiabilities 52,688,000us-gaap_OtherLiabilities    
Other long-term liabilities 542,973,000us-gaap_OtherLiabilitiesNoncurrent 555,344,000us-gaap_OtherLiabilitiesNoncurrent    
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]        
Cumulative translation adjustment (10,715,000)spwr_AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentBeforeTax (8,712,000)spwr_AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentBeforeTax    
Net unrealized loss on derivatives (5,631,000)spwr_AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgeEffectBeforeTax (1,443,000)spwr_AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgeEffectBeforeTax (420,000)spwr_AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgeEffectBeforeTax (805,000)spwr_AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgeEffectBeforeTax
Net loss on long-term pension liability adjustment (2,878,000)spwr_AccumulatedOtherComprehensiveIncomePensionandOtherPostretirementBenefitPlansAdjustmentBeforeTax (2,878,000)spwr_AccumulatedOtherComprehensiveIncomePensionandOtherPostretirementBenefitPlansAdjustmentBeforeTax    
Deferred taxes (311,000)us-gaap_DeferredTaxLiabilitiesOtherComprehensiveIncome (422,000)us-gaap_DeferredTaxLiabilitiesOtherComprehensiveIncome    
Accumulated other comprehensive loss (19,535,000)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (13,455,000)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax    
IFC Mortgage Loan [Member]        
Pledged Assets, Other, Not Separately Reported on Statement of Financial Position [Abstract]        
Collateralized Equipment 107,700,000us-gaap_PledgedAssetsNotSeparatelyReportedOtherFinancialInstruments
/ us-gaap_DebtInstrumentAxis
= spwr_IFCMortgageLoanMember		 111,900,000us-gaap_PledgedAssetsNotSeparatelyReportedOtherFinancialInstruments
/ us-gaap_DebtInstrumentAxis
= spwr_IFCMortgageLoanMember		    
UNITED STATES        
Property, plant and equipment, net:        
Property, plant and equipment, net 182,362,000us-gaap_PropertyPlantAndEquipmentNet
/ us-gaap_StatementGeographicalAxis
= country_US		 [6] 183,631,000us-gaap_PropertyPlantAndEquipmentNet
/ us-gaap_StatementGeographicalAxis
= country_US		    
Property, plant and equipment, net by geography:        
Property, plant and equipment, net 182,362,000us-gaap_PropertyPlantAndEquipmentNet
/ us-gaap_StatementGeographicalAxis
= country_US		 [6] 183,631,000us-gaap_PropertyPlantAndEquipmentNet
/ us-gaap_StatementGeographicalAxis
= country_US		    
PHILIPPINES        
Property, plant and equipment, net:        
Property, plant and equipment, net 345,803,000us-gaap_PropertyPlantAndEquipmentNet
/ us-gaap_StatementGeographicalAxis
= country_PH		 [6] 335,643,000us-gaap_PropertyPlantAndEquipmentNet
/ us-gaap_StatementGeographicalAxis
= country_PH		    
Property, plant and equipment, net by geography:        
Property, plant and equipment, net 345,803,000us-gaap_PropertyPlantAndEquipmentNet
/ us-gaap_StatementGeographicalAxis
= country_PH		 [6] 335,643,000us-gaap_PropertyPlantAndEquipmentNet
/ us-gaap_StatementGeographicalAxis
= country_PH		    
MEXICO        
Property, plant and equipment, net:        
Property, plant and equipment, net 40,393,000us-gaap_PropertyPlantAndEquipmentNet
/ us-gaap_StatementGeographicalAxis
= country_MX		 [6] 40,251,000us-gaap_PropertyPlantAndEquipmentNet
/ us-gaap_StatementGeographicalAxis
= country_MX		    
Property, plant and equipment, net by geography:        
Property, plant and equipment, net 40,393,000us-gaap_PropertyPlantAndEquipmentNet
/ us-gaap_StatementGeographicalAxis
= country_MX		 [6] 40,251,000us-gaap_PropertyPlantAndEquipmentNet
/ us-gaap_StatementGeographicalAxis
= country_MX		    
Europe [Member]        
Property, plant and equipment, net:        
Property, plant and equipment, net 24,620,000us-gaap_PropertyPlantAndEquipmentNet
/ us-gaap_StatementGeographicalAxis
= us-gaap_EuropeMember		 [6] 24,748,000us-gaap_PropertyPlantAndEquipmentNet
/ us-gaap_StatementGeographicalAxis
= us-gaap_EuropeMember		    
Property, plant and equipment, net by geography:        
Property, plant and equipment, net 24,620,000us-gaap_PropertyPlantAndEquipmentNet
/ us-gaap_StatementGeographicalAxis
= us-gaap_EuropeMember		 [6] 24,748,000us-gaap_PropertyPlantAndEquipmentNet
/ us-gaap_StatementGeographicalAxis
= us-gaap_EuropeMember		    
UNKNOWN COUNTRY        
Property, plant and equipment, net:        
Property, plant and equipment, net 1,288,000us-gaap_PropertyPlantAndEquipmentNet
/ us-gaap_StatementGeographicalAxis
= country_XX		 [6] 1,071,000us-gaap_PropertyPlantAndEquipmentNet
/ us-gaap_StatementGeographicalAxis
= country_XX		    
Property, plant and equipment, net by geography:        
Property, plant and equipment, net $ 1,288,000us-gaap_PropertyPlantAndEquipmentNet
/ us-gaap_StatementGeographicalAxis
= country_XX		 [6] $ 1,071,000us-gaap_PropertyPlantAndEquipmentNet
/ us-gaap_StatementGeographicalAxis
= country_XX		    
[1] Includes short-term financing receivables associated with solar power systems leased of $11.3 million and $9.1 million as of March 29, 2015 and December 28, 2014, respectively (see Note 5).
[2] Includes short-term retainage of $240.3 million and $213.0 million as of March 29, 2015 and December 28, 2014, respectively. Retainage refers to the earned, but unbilled, portion of a construction and development project for which payment is deferred by the customer until certain contractual milestones are met.
[3] The Company has related-party balances for transactions made with Total and its affiliates as well as unconsolidated entities in which the Company has a direct equity investment. These related-party balances are recorded within the "Accounts Receivable, net," "Costs and estimated earnings in excess of billings," "Prepaid expenses and other current assets," "Other long-term assets," "Accounts payable," "Customer advances, current portion," "Convertible debt, net of current portion," and "Customer advances, net of current portion" financial statement line items in the Consolidated Balance Sheets (see Note 2, Note 6, Note 9, Note 10, and Note 11).
[4] 3 The Company's mortgage loan agreement with International Finance Corporation ("IFC") is collateralized by certain manufacturing equipment with a net book value of $107.7 million and $111.9 million as of March 29, 2015 and December 28, 2014, respectively.
[5] Includes $95.4 million and $94.4 million of solar power systems associated with sale-leaseback transactions under the financing method as of March 29, 2015 and December 28, 2014, respectively, which are depreciated using the straight-line method to their estimated residual values over the lease terms of up to 20 years (see Note 5).
[6] Property, plant and equipment, net by geography is based on the physical location of the assets.