Enphase Energy, Inc. (ENPH)

Enphase Energy Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	1,828	2,291	2,331	1,382	774.43	624.33
Revenue Growth (YoY)	-30.11%	-1.72%	68.65%	78.46%	24.04%	97.47%
Cost of Revenue	980.58	1,232	1,356	827.63	428.44	403.09
Gross Profit	847.53	1,058	974.6	554.42	345.98	221.25
Selling, General & Admin	357.23	369.63	355.1	233.06	103.62	75.54
Research & Development	224.42	227.34	168.85	105.53	55.92	40.38
Other Operating Expenses	16.9	15.68	2.38	0	0	2.6
Operating Expenses	598.55	612.65	526.33	338.59	159.54	118.52
Operating Income	248.98	445.74	448.26	215.83	186.44	102.73
Interest Expense / Income	8.88	8.84	9.44	45.15	21	9.69
Other Expense / Income	-82.57	-76.24	-13.23	49.75	46.03	2.92
Pretax Income	322.67	513.14	452.05	120.93	119.41	90.11
Income Tax	46.7	74.2	54.69	-24.52	-14.59	-71.03
Net Income	275.97	438.94	397.36	145.45	134	161.15
Net Income Growth	-43.96%	10.46%	173.20%	8.55%	-16.85%	-
Shares Outstanding (Basic)	136	136	135	134	126	117
Shares Outstanding (Diluted)	136	143	144	143	142	132
Shares Change	-6.92%	-0.76%	1.06%	0.68%	7.80%	32.15%
EPS (Basic)	2.03	3.22	2.94	1.09	1.07	1.38
EPS (Diluted)	1.93	3.08	2.77	1.02	0.95	1.23
EPS Growth	-43.73%	11.19%	171.57%	7.37%	-22.76%	-
Free Cash Flow	404.45	586.38	698.37	299.52	195.78	124.28
Free Cash Flow Per Share	2.98	4.30	5.16	2.23	1.56	1.06
Gross Margin	46.36%	46.20%	41.81%	40.12%	44.68%	35.44%
Operating Margin	13.62%	19.46%	19.23%	15.62%	24.07%	16.45%
Profit Margin	15.10%	19.16%	17.05%	10.52%	17.30%	25.81%
Free Cash Flow Margin	22.12%	25.60%	29.96%	21.67%	25.28%	19.91%
Effective Tax Rate	14.47%	14.46%	12.10%	-20.28%	-12.21%	-78.83%
EBITDA	409.8	596.69	520.26	196.93	158.51	113.92
EBITDA Margin	22.42%	26.05%	22.32%	14.25%	20.47%	18.25%
Depreciation & Amortization	78.25	74.71	58.78	30.85	18.1	14.12
EBIT	331.55	521.98	461.49	166.08	140.41	99.81
EBIT Margin	18.14%	22.79%	19.80%	12.02%	18.13%	15.99%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).