Enphase Energy Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018 - 2009
Revenue	2,291	2,331	1,382	774.43	624.33	Upgrade
Revenue Growth (YoY)	-1.72%	68.65%	78.46%	24.04%	97.47%	Upgrade
Cost of Revenue	1,232	1,356	827.63	428.44	403.09	Upgrade
Gross Profit	1,058	974.6	554.42	345.98	221.25	Upgrade
Selling, General & Admin	369.63	355.1	233.06	103.62	75.54	Upgrade
Research & Development	227.34	168.85	105.53	55.92	40.38	Upgrade
Other Operating Expenses	15.68	2.38	0	0	2.6	Upgrade
Operating Expenses	612.65	526.33	338.59	159.54	118.52	Upgrade
Operating Income	445.74	448.26	215.83	186.44	102.73	Upgrade
Interest Expense / Income	8.84	9.44	45.15	21	9.69	Upgrade
Other Expense / Income	-76.24	-13.23	49.75	46.03	2.92	Upgrade
Pretax Income	513.14	452.05	120.93	119.41	90.11	Upgrade
Income Tax	74.2	54.69	-24.52	-14.59	-71.03	Upgrade
Net Income	438.94	397.36	145.45	134	161.15	Upgrade
Net Income Growth	10.46%	173.20%	8.55%	-16.85%	-	Upgrade
Shares Outstanding (Basic)	136	135	134	126	117	Upgrade
Shares Outstanding (Diluted)	143	144	143	142	132	Upgrade
Shares Change	-0.76%	1.06%	0.68%	7.80%	32.15%	Upgrade
EPS (Basic)	3.22	2.94	1.09	1.07	1.38	Upgrade
EPS (Diluted)	3.08	2.77	1.02	0.95	1.23	Upgrade
EPS Growth	11.19%	171.57%	7.37%	-22.76%	-	Upgrade
Free Cash Flow	586.38	698.37	299.52	195.78	124.28	Upgrade
Free Cash Flow Per Share	4.30	5.16	2.23	1.56	1.06	Upgrade
Gross Margin	46.20%	41.81%	40.12%	44.68%	35.44%	Upgrade
Operating Margin	19.46%	19.23%	15.62%	24.07%	16.45%	Upgrade
Profit Margin	19.16%	17.05%	10.52%	17.30%	25.81%	Upgrade
Free Cash Flow Margin	25.60%	29.96%	21.67%	25.28%	19.91%	Upgrade
Effective Tax Rate	14.46%	12.10%	-20.28%	-12.21%	-78.83%	Upgrade
EBITDA	596.69	520.26	196.93	158.51	113.92	Upgrade
EBITDA Margin	26.05%	22.32%	14.25%	20.47%	18.25%	Upgrade
Depreciation & Amortization	74.71	58.78	30.85	18.1	14.12	Upgrade
EBIT	521.98	461.49	166.08	140.41	99.81	Upgrade
EBIT Margin	22.79%	19.80%	12.02%	18.13%	15.99%	Upgrade

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).