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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 03, 2022
Jan. 02, 2022
Current assets:    
Cash and cash equivalents $ 142,250 $ 123,735
Restricted cash and cash equivalents, current portion [1] 681 691
Short-term investments 308,835 365,880
Retail installment contract receivables, current portion [2] 116,354 121,268
Contract assets 35,721 25,994
Inventories 245,612 214,432
Advances to suppliers, current portion 2,685 462
Prepaid expenses and other current assets [2] 128,271 100,212
Current assets of discontinued operations [2] 179,484 120,792
Total current assets 1,159,893 1,073,466
Restricted cash and cash equivalents, net of current portion [1] 12,857 14,887
Property, plant and equipment, net 42,495 33,560
Operating lease right-of-use assets 30,337 31,654
Solar power systems leased, net 44,550 45,502
Goodwill 126,338 126,338
Other intangible assets, net 24,776 24,879
Other long-term assets 129,529 156,994
Long-term assets of discontinued operations 0 47,526
Total assets 1,570,775 1,554,806
Current liabilities:    
Accounts payable [2] 179,069 138,514
Accrued liabilities [2] 129,569 101,980
Operating lease liabilities, current portion 11,439 10,753
Contract liabilities, current portion [2] 66,127 62,285
Short-term debt 107,863 109,568
Convertible debt, current portion [2] 423,987 0
Current liabilities of discontinued operations [2] 138,153 86,496
Total current liabilities 1,056,207 509,596
Long-term 338 380
Convertible debt, net of current portion [2] 0 423,677
Operating lease liabilities, net of current portion 26,215 28,566
Contract liabilities, net of current portion 19,059 18,705
Other long-term liabilities [2] 109,295 141,197
Long-term liabilities of discontinued operations [2] 0 42,661
Total liabilities 1,211,114 1,164,782
Commitments and contingencies (Note 9)
Equity:    
Preferred stock, $0.001 par value; 10,000 shares authorized; none issued and outstanding as of April 3, 2022 and January 2, 2022 0 0
Common stock, $0.001 par value, 367,500 shares authorized; 187,652 shares issued and 173,846 shares outstanding as of April 3, 2022; 186,452 shares issued and 173,052 shares outstanding as of January 2, 2022 174 173
Additional paid-in capital 2,719,927 2,714,500
Accumulated deficit (2,150,083) (2,122,212)
Accumulated other comprehensive income 11,170 11,168
Treasury stock, at cost: 13,807 shares of common stock as of April 3, 2022; 13,401 shares of common stock as of January 2, 2022 (222,573) (215,240)
Total stockholders' equity 358,615 388,389
Noncontrolling interests in subsidiaries 1,046 1,635
Total equity 359,661 390,024
Total liabilities and equity $ 1,570,775 $ 1,554,806
[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 condensed 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 Technologies, Ltd. (“Maxeon Solar”), and unconsolidated entities in which we have a direct equity investment. These related-party balances are recorded within the “accounts receivable, net,” “prepaid expenses and other current assets,” “accounts payable,” “accrued liabilities,” “convertible debt, current portion,” “contract liabilities, current portion,” “convertible debt, net of current portion,” “other long-term liabilities,” “current assets of discontinued operations,” “current liabilities of discontinued operations,” and “long-term liabilities of discontinued operations” financial statement line items on our condensed consolidated balance sheets (see Note 3, Note 9, Note 10, Note 11, and Note 12)