Enphase Energy, Inc.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-45.2M | $-67.5M | $-22.1M | $-8.1M | $-25.9M | $-38.2M | $-32.3M | $-21.8M |
| Depreciation & Amortization | $9.0M | $10.6M | $10.5M | $8.3M | $7.0M | $5.6M | $3.0M | $1.6M |
| Depreciation | $8.6M | $10.0M | $8.1M | $8.1M | $7.0M | $5.6M | $2.3M | — |
| Amortization | $400.0K | $700.0K | $500.0K | $100.0K | — | — | — | — |
| Stock-Based Compensation | $6.7M | $10.3M | $12.7M | $9.7M | $6.8M | $4.8M | $2.1M | $829.0K |
| Net Cash from Operating Activities | $-28.4M | $-33.0M | $-21.2M | $24.2M | $-872.0K | $-44.6M | $-367.0K | $-17.9M |
| Investing Activities | ||||||||
| Capital Expenditures | $4.1M | $12.2M | $12.5M | $13.2M | $6.3M | $13.0M | $14.7M | $3.3M |
| Business Acquisitions | $0 | $0 | $0 | $2.2M | $0 | $0 | — | — |
| Net Cash from Investing Activities | $-4.1M | $-11.8M | $-12.5M | $-16.5M | $-6.3M | $-13.0M | $-14.7M | $-3.3M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $43.3M | $34.4M | $20.6M | $-3.3M | $-58.0K | $51.4M | $26.5M | $52.5M |
| Net Change in Cash | $11.4M | $-10.7M | $-13.6M | $3.8M | $-7.1M | $-6.2M | $11.5M | $31.4M |
| Free Cash Flow | $-32.6M | $-45.1M | $-33.7M | $11.0M | $-7.1M | $-57.6M | $-15.0M | $-21.1M |