XML 19 R3.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jan. 02, 2022
Jan. 03, 2021
Current assets:    
Cash and cash equivalents $ 127,130 $ 232,765
Restricted cash and cash equivalents, current portion [1] 4,157 5,518
Short-term investments 365,880 0
Accounts receivable, net [2] 126,789 108,864
Contract assets [2] 81,667 114,506
Inventories 242,993 210,582
Advances to suppliers, current portion 3,276 2,814
Project assets - plants and land, current portion 8,105 21,015
Prepaid expenses and other current assets [2] 113,469 94,251
Total current assets 1,073,466 790,315
Restricted cash and cash equivalents, net of current portion [1] 17,326 8,521
Property, plant and equipment, net 35,294 46,766
Operating lease right-of-use assets 59,226 54,070
Solar power systems leased, net 45,502 50,401
Goodwill 126,338 0
Other intangible assets, net 24,879 697
Other long-term assets [2] 172,775 695,712
Total assets 1,554,806 1,646,482
Current liabilities:    
Accounts payable [2] 177,055 166,066
Accrued liabilities [2] 118,875 121,915
Operating lease liabilities, current portion 12,153 9,736
Contract liabilities, current portion [2] 88,844 72,424
Short-term debt 112,669 97,059
Convertible debt, current portion [2] 0 62,531
Total current liabilities 509,596 529,731
Long-term debt 380 56,447
Convertible debt, net of current portion [2] 423,677 422,443
Operating lease liabilities, net of current portion 38,766 43,608
Contract liabilities, net of current portion [2] 27,801 30,170
Other long-term liabilities [2] 164,562 157,597
Total liabilities 1,164,782 1,239,996
Commitments and contingencies (Note 9)
Equity:    
Preferred stock, $0.001 par value; 10,000 shares authorized; none issued and outstanding as of January 2, 2022 and January 3, 2021 0 0
Common stock, $0.001 par value; 367,500 shares authorized; 186,452 shares issued and 173,052 shares outstanding as of January 2, 2022; 183,442 shares issued and 170,428 shares outstanding as of January 3, 2021 173 170
Additional paid-in capital 2,714,500 2,685,920
Accumulated deficit (2,122,212) (2,085,246)
Accumulated other comprehensive income (loss) 11,168 8,799
Treasury stock, at cost: 13,401 shares of common stock as of January 2, 2022; 13,014 shares of common stock as of January 3, 2021 (215,240) (205,476)
Total stockholders' equity 388,389 404,167
Noncontrolling interests in subsidiaries 1,635 2,319
Total equity 390,024 406,486
Total liabilities and equity $ 1,554,806 $ 1,646,482
[1] Amounts included in the Restricted cash and cash equivalents, current portion and Restricted cash and cash equivalents, net of current portion financial statement line items on our consolidated balance sheets include cash balances set aside for various financial obligations including loans, distributions, letter of credit facilities, and other projects related cash transactions.
[2] We have related-party balances for transactions made with TotalEnergies SE and its affiliates, Maxeon Solar, and unconsolidated entities in which we have a direct equity investment. These related-party balances are recorded within the accounts receivable, net, contract assets, prepaid expenses and other current assets, other long-term assets, accounts payable, accrued liabilities, contract liabilities, current portion, convertible debt, current portion, convertible debt, net of current portion, contract liabilities, current portion, and other long-term liabilities financial statement line items on our consolidated balance sheets (see Note 2, Note 9, Note 10, Note 11, and Note 12).