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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 27, 2020
Dec. 29, 2019
Current assets:    
Cash and cash equivalents $ 324,741 $ 301,999
Restricted cash and cash equivalents, current portion 16,605 26,348
Accounts receivable, net [1] 94,756 127,878
Contract assets [1] 126,474 99,426
Inventories 178,139 163,405
Advances to suppliers, current portion 0 31,843
Project assets - plants and land, current portion 24,366 12,650
Prepaid expenses and other current assets2 [2] 96,247 86,755
Current assets of discontinued operations 0 530,627
Total current assets 861,328 1,380,931
Restricted cash and cash equivalents, net of current portion 8,419 9,354
Property, plant and equipment, net 50,397 55,860
Operating lease right-of-use assets 53,716 40,699
Solar power systems leased, net 51,179 54,338
Other intangible assets, net 1,073 7,121
Other long-term assets 423,197 277,805
Long-term assets of discontinued operations 0 345,813
Total assets 1,449,309 2,171,921
Current liabilities:    
Accounts payable [1],[2] 162,499 207,062
Accrued liabilities [1] 128,647 116,276
Operating lease liabilities, current portion 9,995 7,559
Contract liabilities, current portion [1] 55,274 91,345
Short-term debt 96,625 44,473
Convertible debt, current portion [1] 301,258 0
Current liabilities of discontinued operations 0 431,694
Total current liabilities 754,298 898,409
Long-term 68,386 112,340
Convertible debt [1] 422,132 820,259
Operating lease liabilities, net of current portion 44,100 36,657
Contract liabilities, net of current portion [1] 29,478 31,922
Other long-term liabilities 137,981 157,774
Long-term liabilities of discontinued operations 0 93,061
Total liabilities 1,456,375 2,150,422
Commitments and contingencies (Note 8)
(Deficit) equity:    
Preferred stock, $0.001 par value; 10,000 shares authorized; none issued and outstanding as of September 27, 2020 and December 29, 2019 0 0
Common stock, $0.001 par value, 367,500 shares authorized; 182,941 shares issued, and 170,139 shares outstanding as of September 27, 2020; 182,830 shares issued, and 170,059 shares outstanding as of December 29, 2019 170 168
Additional paid-in capital 2,679,960 2,661,819
Accumulated deficit (2,497,409) (2,449,679)
Accumulated other comprehensive gain (loss) 8,070 (9,512)
Treasury stock, at cost: 12,801 shares of common stock as of September 27, 2020; 12,770 shares of common stock as of December 29, 2019 (201,090) (192,633)
Total stockholders' (deficit) equity (10,299) 10,163
Noncontrolling interests in subsidiaries 3,233 11,336
Total (deficit) equity (7,066) 21,499
Total liabilities and (deficit) equity $ 1,449,309 $ 2,171,921
[1] We have related-party balances for transactions made with Total SE and its affiliates as well as unconsolidated entities in which we have a direct equity investment. These related-party balances are recorded within the "accounts receivable, net," "contract assets," "accounts payable," "accrued liabilities," "contract liabilities, current portion," "convertible debt," and "contract liabilities, net of current portion," financial statement line items on our condensed consolidated balance sheets (see Note 3, Note 10, Note 11, and Note 12).
[2] We have related-party balances for transactions entered with Maxeon Solar. These related-party balances are recorded within "prepaid expenses and other current assets" and "accrued liabilities" on our condensed consolidated balance sheets (see Note 13).