Enphase Energy, Inc. (ENPH) FY2026 Q2 Statement of Cash Flows
2026-04-01 to 2026-06-30
Statement of Cash Flows
2026-04-01 to 2026-06-30
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Chart details
Enphase Energy, Inc. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026
Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.
- Beginning cash on Mar 31, 2026
- 497,546,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- Operating activities
- 40,323,000 US dollars. Net cash provided.
- Net income
- 36,079,000 US dollars
- Depreciation and amortization
- 20,196,000 US dollars
- Discount from sale of AMPTC generated
- 0 US dollars
- Amortization (accretion) of investments purchased at a premium (discount)
- 184,000 US dollars
- Provision for credit losses
- 90,000 US dollars
- Asset impairment
- 0 US dollars
- Non-cash interest expense
- 327,000 US dollars
- Change in fair value of debt securities and tax equity fund
- 2,494,000 US dollars
- Stock-based compensation
- 43,554,000 US dollars
- Deferred income taxes
- 21,203,000 US dollars
- Accounts receivable
- negative 77,229,000 US dollars
- Inventory
- 5,679,000 US dollars
- Prepaid expenses and other assets
- negative 125,984,000 US dollars
- Accounts payable, accrued and other liabilities
- 2,477,000 US dollars
- Warranty obligations
- negative 1,001,000 US dollars
- Deferred revenues
- 112,254,000 US dollars
- Investing activities
- negative 9,536,000 US dollars. Net cash used.
- Purchases of marketable securities
- negative 29,006,000 US dollars
- Maturities and sales of marketable securities
- 52,779,000 US dollars
- Purchases of property and equipment
- negative 14,394,000 US dollars
- Issuance of loan receivables
- 0 US dollars
- Investment in tax equity fund
- 0 US dollars
- Receipts of loan receivables
- 10,085,000 US dollars
- Issuance of secured revolving credit facility
- negative 29,000,000 US dollars
- Financing activities
- 1,631,000 US dollars. Net cash provided. The remaining amount is calculated by subtracting the other displayed items from the financing total. This quarter is the year to date less the prior quarter's year to date. The prior quarter reported part of this section under different lines (Settlement of Notes due 2026), so those amounts cannot be separated for this quarter. It may combine inflows and outflows.
- Settlement of Notes due 2025
- negative 632,500,000 US dollars
- Proceeds from issuances of common stock under employee equity plans
- 4,171,000 US dollars
- Payments of withholding taxes related to net share settlement of equity awards
- negative 2,540,000 US dollars
- Repurchases of common stock
- 0 US dollars
- Remaining financing cash flows, net (calculated)
- 632,500,000 US dollars
- Operating adjustment reconciliation
- 208,458,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- financing displayed reconciliation
- 636,671,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
- investing gross reconciliation
- 72,400,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- Exchange-rate effect
- negative 620,000 US dollars
- Ending cash on Jun 30, 2026
- 529,344,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- Cash sources and uses
- 539,500,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- 31,798,000 US dollars. Ending cash minus beginning cash.
- Cash flow / Net income
- 1.12×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
- Operating cash flow
- 40,323,000 US dollars. Operating cash flow used in the free cash flow calculation.
- Cash purchases of property, plant and equipment
- 14,394,000 US dollars. These cash purchases are already included in investing activities above.
- Free cash flow
- 25,929,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.
Chart connections
- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $4.24M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 40,323,000 US dollars minus 14,394,000 US dollars equals 25,929,000 US dollars.
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