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Enphase Energy, Inc. (ENPH)

Income Statement Business | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-23Mar-31-23Dec-31-22Sep-30-22Jun-30-22Mar-31-22Dec-31-21Sep-30-21
   10-Q8-K8-K8-K10-Q10-Q10-K10-Q
Revenues  2,796.52,615.62,330.92,018.91,735.71,521.61,382.01,234.2
            Revenue growth  61.1%71.9%68.7%63.6%63.6%74.8%78.5%71.5%
Cost of goods sold  1,568.21,491.61,356.31,191.71,036.1913.1827.6721.1
Gross profit  1,228.31,124.0974.6827.2699.7608.4554.4513.0
            Gross margin  43.9%43.0%41.8%41.0%40.3%40.0%40.1%41.6%
Selling, general and administrative   [+]383.6376.6355.1326.9312.8272.7233.1186.1
Research and development  211.0190.3168.8150.8136.0119.4105.589.7
Other operating expenses        56.5 
EBITDA   [+]698.7617.0509.4403.2298.2258.6191.8204.7
            EBITDA margin  25.0%23.6%21.9%20.0%17.2%17.0%13.9%16.6%
Depreciation  58.353.546.739.030.127.221.116.9
EBITA  640.4563.5462.7364.2268.1231.4170.6187.8
            EBITA margin  22.9%21.5%19.9%18.0%15.4%15.2%12.3%15.2%
Amortization of intangibles  6.8   17.315.311.310.0
EBIT   [+]633.6557.2450.6349.5250.8216.1159.3177.8
            EBIT margin  22.7%21.3%19.3%17.3%14.4%14.2%11.5%14.4%
Non-recurring items   [+]3.33.12.40.5  -56.5 
Interest expense, net   [+]-35.2-19.5-4.214.528.439.544.537.4
Other income (expense), net   [+]0.40.0-0.4-0.13.43.2-50.4-58.1
Pre-tax income  666.0573.6452.0334.4225.9180.0120.9141.7
Income taxes  29.217.054.738.222.714.4-24.5-24.1
            Tax rate  4.4% 12.1%11.4%10.0%8.0% -17.0%
Net income  425.8345.5397.4296.2203.2165.6145.4165.8
            Net margin  15.2%13.2%17.0%14.7%11.7%10.9%10.5%13.4%
   
Basic EPS   [+]$4.17$3.40$2.94$2.20$1.51$1.23$1.09$1.26
Diluted EPS   [+]$3.89$3.17$2.74$2.05$1.42$1.16$1.02$1.16
   
Shares outstanding (basic)   [+]102.1 135.3134.8134.6134.5133.8131.7
Shares outstanding (diluted)   [+]109.3 145.2144.3143.1142.6143.0142.8
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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