XML 18 R7.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Apr. 04, 2021
Mar. 29, 2020
Jan. 03, 2021
Cash flows from operating activities:      
Net loss $ (49,498) $ (2,138)  
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 2,849 16,892  
Stock-based compensation expense 5,437 6,867  
Non-cash interest expense 1,505 1,910  
Equity in earnings of unconsolidated investees 0 (245)  
Loss (gain) on equity investments with readily determinable fair value 44,730 (49,152)  
Gain on retirement of convertible debt 0 (2,956)  
Gain on sale of investments (1,162) 0  
Deferred income taxes (3,901) (349)  
Other, net (5,280) 289  
Changes in operating assets and liabilities:      
Accounts receivable 4,114 (17,880)  
Contract assets 487 295  
Inventories (8,271) (43,061)  
Project assets 9,197 (8,881)  
Prepaid expenses and other assets 1,429 18,635  
Operating lease right-of-use assets 2,875 2,923  
Advances to suppliers (3,852) 8,936  
Accounts payable and other accrued liabilities (24,152) (92,599)  
Contract liabilities (13,461) (16,130)  
Operating lease liabilities (3,429) (2,849)  
Net cash used in operating activities (40,383) (179,493)  
Cash flows from investing activities:      
Purchases of property, plant and equipment (1,964) (6,213)  
Cash paid for solar power systems (635) (610)  
Cash received from sale of investments 1,200 0  
Proceeds from sale of distribution rights of debt refinancing 0 46,149  
Net cash provided by (used in) investing activities (1,399) 39,326  
Cash flows from financing activities:      
Proceeds from bank loans and other debt 71,323 76,544  
Repayment of bank loans and other debt (35,076) (65,730)  
Proceeds from issuance of non-recourse residential and commercial financing, net of issuance costs 0 9,754  
Repayment of non-recourse residential and commercial financing (9,713) 0  
Cash paid for repurchase of convertible debt 0 (87,141)  
Receipt of contingent asset of a prior business combination 0 423  
Equity offering costs paid 0 (928)  
Purchases of stock for tax withholding obligations on vested restricted stock (2,118) (6,914)  
Net cash provided by financing activities 24,416 (73,992)  
Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents 0 (216)  
Net decrease in cash, cash equivalents, restricted cash and restricted cash equivalents (17,367) (214,375)  
Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning of period [1] 246,804 458,657 $ 458,657
Cash, cash equivalents, restricted cash and restricted cash equivalents, end of period [1] 229,437 244,282 $ 246,804
Non-cash transactions:      
Costs of solar power systems funded by liabilities 0 1,184  
Property, plant and equipment acquisitions funded by liabilities 1,647 2,385  
Right-of-use assets obtained in exchange for lease obligations 11,528 12,461  
Accounts payable balances reclassified to short-term debt 0 5,000  
Contractual obligations satisfied by inventory $ 0 $ 975  
[1] The "Cash, cash equivalents, restricted cash and restricted cash equivalents" balance consisted of "cash and cash equivalents", "restricted cash and cash equivalents, current portion" and "restricted cash and cash equivalents, net of current portion" financial statement line items on the condensed consolidated balance sheets for the respective periods.