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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 04, 2021
Jan. 03, 2021
Current assets:    
Cash and cash equivalents $ 213,105 $ 232,765
Restricted cash and cash equivalents, current portion 10,928 5,518
Short-term investments 325,380 0
Accounts receivable, net [1] 104,804 108,864
Contract assets [1] 114,029 114,506
Inventories 230,694 210,582
Advances to suppliers, current portion 3,852 2,814
Project assets - plants and land, current portion 9,746 21,015
Prepaid expenses and other current assets [1] 89,109 94,251
Total current assets 1,101,647 790,315
Restricted cash and cash equivalents, net of current portion 5,404 8,521
Property, plant and equipment, net 46,790 46,766
Operating lease right-of-use assets 62,722 54,070
Solar power systems leased, net 48,331 50,401
Advances to suppliers, net of current portion 2,813 0
Other intangible assets, net 298 697
Other long-term assets 326,766 695,712
Total assets 1,594,771 1,646,482
Current liabilities:    
Accounts payable [1] 156,552 166,066
Accrued liabilities [1] 113,046 121,915
Operating lease liabilities, current portion 13,529 9,736
Contract liabilities, current portion [1] 60,385 72,424
Short-term debt 94,724 97,059
Convertible debt, current portion [1] 62,456 62,531
Total current liabilities 500,692 529,731
Long-term 86,436 56,447
Convertible debt [1] 422,749 422,443
Operating lease liabilities, net of current portion 42,340 43,608
Contract liabilities, net of current portion [1] 28,748 30,170
Other long-term liabilities 152,943 157,597
Total liabilities 1,233,908 1,239,996
Commitments and contingencies (Note 8)
Equity:    
Preferred stock, $0.001 par value; 10,000 shares authorized; none issued and outstanding as of April 4, 2021 and January 3, 2021 0 0
Common stock, $0.001 par value, 367,500 shares authorized; 185,354 shares issued, and 172,264 shares outstanding as of April 4, 2021; 183,442 shares issued, and 170,428 shares outstanding as of January 3, 2021 172 170
Additional paid-in capital 2,691,423 2,685,920
Accumulated deficit (2,133,239) (2,085,246)
Accumulated other comprehensive income 8,897 8,799
Treasury stock, at cost: 13,090 shares of common stock as of April 4, 2021; 13,014 shares of common stock as of January 3, 2021 (207,596) (205,476)
Total stockholders' equity 359,657 404,167
Noncontrolling interests in subsidiaries 1,206 2,319
Total equity 360,863 406,486
Total liabilities and equity $ 1,594,771 $ 1,646,482
[1] We have related-party balances for transactions made with Total SE and its affiliates, Maxeon Solar and unconsolidated entities in which we have a direct equity investment. These related-party balances are recorded within the "accounts receivable, net," "contract assets," "prepaid expenses and other current assets," "other long-term assets," "accounts payable," "accrued liabilities," "contract liabilities, current portion," "convertible debt, net of current portion," and "contract liabilities, net of current portion" financial statement line items on our condensed consolidated balance sheets (see Note 2, Note 8, Note 9, Note 10, and Note 11).