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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 04, 2021
Jan. 03, 2021
Current assets:    
Cash and cash equivalents $ 140,462 $ 232,765
Restricted cash and cash equivalents, current portion [1] 5,818 5,518
Short-term investments 372,820 0
Accounts receivable, net [2] 110,450 108,864
Contract assets [2] 89,219 114,506
Inventories 235,843 210,582
Advances to suppliers, current portion 4,995 2,814
Project assets - plants and land, current portion 12,850 21,015
Prepaid expenses and other current assets [2] 88,890 94,251
Total current assets 1,061,347 790,315
Restricted cash and cash equivalents, net of current portion [1] 5,347 8,521
Property, plant and equipment, net 32,507 46,766
Operating lease right-of-use assets 55,893 54,070
Solar power systems leased, net 47,385 50,401
Other long-term assets [2] 344,153 696,409
Total assets 1,546,632 1,646,482
Current liabilities:    
Accounts payable [2] 158,631 166,066
Accrued liabilities [2] 97,134 121,915
Operating lease liabilities, current portion 12,969 9,736
Contract liabilities, current portion [2] 65,425 72,424
Short-term debt 74,071 97,059
Convertible debt, current portion [2] 0 62,531
Total current liabilities 408,230 529,731
Long-term 58,224 56,447
Convertible debt, net of current portion [2] 423,059 422,443
Operating lease liabilities, net of current portion 35,230 43,608
Contract liabilities, net of current portion [2] 28,283 30,170
Other long-term liabilities 149,593 157,597
Total liabilities 1,102,619 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 July 4, 2021 and January 3, 2021 0 0
Common stock, $0.001 par value, 367,500 shares authorized; 186,119 shares issued, and 172,842 shares outstanding as of July 4, 2021; 183,442 shares issued, and 170,428 shares outstanding as of January 3, 2021 172 170
Additional paid-in capital 2,703,647 2,685,920
Accumulated deficit (2,058,032) (2,085,246)
Accumulated other comprehensive income 9,389 8,799
Treasury stock, at cost: 13,277 shares of common stock as of July 4, 2021; 13,014 shares of common stock as of January 3, 2021 (211,931) (205,476)
Total stockholders' equity 443,245 404,167
Noncontrolling interests in subsidiaries 768 2,319
Total equity 444,013 406,486
Total liabilities and equity $ 1,546,632 $ 1,646,482
[1] Amounts included in the "Restricted cash and cash equivalents, current portion" and "Restricted cash and cash equivalents, net of current portion" financial statement line items on our unaudited condensed consolidated balance sheets include cash balances set aside for various financial obligations including loans, distributions, letter of credit facilities, and other projects' related cash transactions
[2] We have related-party balances for transactions made with TotalEnergies SE and its affiliates, Maxeon Solar Technologies, Ltd. ("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, current portion," "convertible debt, net of current portion," and "contract liabilities, current portion" financial statement line items on our unaudited condensed consolidated balance sheets (see Note 2, Note 8, Note 9, Note 10, and Note 11)