v3.24.1.1.u2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Jan. 01, 2023
Current assets    
Cash and cash equivalents $ 190,169 $ 227,442
Short-term securities 0 76,000
Restricted short-term marketable securities 1,403 968
Accounts receivable, net [1] 62,687 54,301
Inventories 308,948 303,230
Prepaid expenses and other current assets [1] 55,812 129,108
Total current assets 619,019 791,049
Property, plant and equipment, net 280,025 380,468
Operating lease right of use assets 22,824 17,844
Intangible assets, net 3,352 291
Goodwill 7,879 0
Deferred tax assets 0 10,348
Other long-term assets [1] 68,910 60,418
Total assets 1,002,009 1,260,418
Current liabilities    
Accounts payable [1] 153,020 247,870
Accrued liabilities [1] 113,456 135,157
Contract liabilities, current portion [1] 134,171 139,267
Short-term debt 25,432 50,526
Operating lease liabilities, current portion 5,857 3,412
Total current liabilities 431,936 576,232
Long-term debt 1,203 1,649
Contract liabilities, net of current portion [1] 113,564 161,678
Operating lease liabilities, net of current portion 19,611 15,603
Convertible debt [1] 385,558 378,610
Deferred tax liabilities 7,001 14,913
Other long-term liabilities [1] 38,494 63,663
Commitments and contingencies (Note 9)
Total liabilities 997,367 1,212,348
Equity    
Common stock, no par value (53,959,109 and 45,033,027 issued and outstanding as of December 31, 2023 and January 1, 2023, respectively) 0 0
Additional paid-in capital 811,361 584,808
Accumulated deficit (796,092) (520,263)
Accumulated other comprehensive loss (16,378) (22,108)
Equity attributable to the Company (1,109) 42,437
Noncontrolling interests 5,751 5,633
Total equity 4,642 48,070
Total liabilities and equity $ 1,002,009 $ 1,260,418
Common stock, shares issued (in shares) 53,959,109 53,959,109
Common stock, shares outstanding (in shares) 45,033,027 45,033,027
[1] We have related-party balances for transactions with TCL Zhonghuan Renewable Energy Technology Co. Ltd, SunPower and TotalEnergies S.E. 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,” “Prepaid expenses and other current assets,” “Other long-term assets,” “Accounts payable,” “Accrued liabilities,” “Contract liabilities, current portion,” “Contract liabilities, net of current portion,” “Convertible debt,” and “Other long-term liabilities” financial statement line items in our Consolidated Balance Sheets (see Note 3, Note 4, Note 6, Note 10 and Note 11).