Company name:

Sunrun Inc

  • IPO SHARE PRICE:
    $14.00
  • IPO DATE:
    05 August 2015
  • TICKER:
    RUN
  • MAIN STOCK EXCHANGE:
    NASDAQ
  • CURRENT HQ LOCATION:
    225 Bush Street Suite 1400 San Francisco California 94104
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

Sunrun Inc

We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com

Balance Sheet

Quarterly Annual
(USD in thousand)
3.6%
Selected Year:
31-Dec
2020
Current Assets
Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign
7.9%
3.6% —

Cash and cash equivalents

2.0% —

Inventory

1.3% —

Restricted cash and cash equivalents

0.7% —

Accounts Receivable

0.4% —

Prepaid expenses and other current assets

Liquidity
Selected Year:
The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries
Cash and cash equivalents
$45,679
$45,679
$45,679
 $202,525 $226,625 $269,577 $519,965
Restricted cash and cash equivalents
$45,679
$45,679
$45,679
 39,265 77,626 93,504 188,095
Accounts Receivable
$45,679
$45,679
$45,679
 60,359 66,435 77,728 95,141
State tax credits receivable
$45,679
$45,679
$45,679
 11,085 2,697 6,466 -
Inventory
$45,679
$45,679
$45,679
 94,427 79,467 260,571 283,045
Prepaid expenses and other current assets
$45,679
$45,679
$45,679
 9,202 8,563 32,450 51,483
Total current assets
$45,679
$45,679
$45,679
 $416,863 $461,413 $733,830 $1,137,729
57.0% 4.7% 29.8%
Selected Year:
31-Dec
2020
Non-Current Assets
Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet
92.1%
57.0% —

Solar energy systems net

29.8% —

Goodwill

4.7% —

Other assets non-current

0.4% —

Property and equipment net

0.1% —

Intangible assets

0.0% —

Long-term restricted cash
Selected Year:
Long-term restricted cash
45,679
45,679
45,679
 - 148 148 148
Property and equipment net
45,679
45,679
45,679
 36,402 34,893 56,708 62,182
Solar energy systems net
45,679
45,679
45,679
 3,161,570 3,820,017 4,492,615 8,202,788
Prepaid tax asset
45,679
45,679
45,679
 - - - -
Intangible assets
45,679
45,679
45,679
 14,294 10,088 19,543 18,262
Goodwill
45,679
45,679
45,679
 87,543 87,543 95,094 4,280,169
Other assets non-current
-
-
-
 - - 408,403 681,665
Other non-current assets
45,679
45,679
45,679
 246,464 335,685 408,403 -
Total non-current assets
45,679
45,679
45,679
 3,546,273 4,288,374 5,072,511 13,245,214
Total assets
45,679
45,679
45,679
 $3,963,136 $4,749,787 $5,806,341 $14,382,943
4.8% 30.4% 42.5% 3.9% 4.5%
Selected Year:
31-Dec
2020
Current Liabilities
Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables
6.3%
2.3% —

Accrued expenses and other current liabilities

1.4% —

Accounts payable

1.4% —

Current debt

0.8% —

Current portion of deferred revenue

0.2% —

Distributions payable to noncontrolling interests and redeemable noncontrolling interests

0.1% —

Pass-through financing obligation current portion

0.1% —

Current portion of Finance leases

0.1% —

Deferred government grant obligation
Selected Year:
Accounts payable
$45,679
$45,679
$45,679
 $115,193 $131,278 $223,356 $207,441
Distributions payable to noncontrolling interests and redeemable noncontrolling interests
$45,679
$45,679
$45,679
 13,583 15,847 16,062 28,627
Accrued expenses and other current liabilities
$45,679
$45,679
$45,679
 97,230 98,636 148,497 325,614
Current portion of deferred revenue
$45,679
$45,679
$45,679
 42,609 47,407 77,643 108,452
Deferred government grant obligation
$45,679
$45,679
$45,679
 8,193 7,885 8,093 8,251
Pass-through financing obligation current portion
-
-
-
 5,387 26,461 11,031 16,898
Solar asset-backed notes current portion
$45,679
-
-
 - - - -
Current debt
-
-
$45,679
 21,529 35,484 35,348 195,036
Current maturities of long-term debt
$45,679
$45,679
-
 - - - -
Current portion of Capital leases
$45,679
$45,679
$45,679
 - - - -
Current portion of Finance leases
-
-
-
 7,421 9,193 10,064 11,037
Current portion of Leases
$45,679
$45,679
$45,679
 - - - -
Total current liabilities
$45,679
$45,679
$45,679
 $311,145 $372,191 $530,094 $901,356
Selected Year:
31-Dec
2020
Non-Current Liabilities
The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt
43.1%
30.4% —

Long-term debt

4.8% —

Deferred revenue

2.2% —

Financing obligation

1.9% —

Other non-current liabilities

1.6% —

Recourse debt

1.5% —

Deferred government grant obligation

0.6% —

Deferred tax liability

0.1% —

Finance leases
Selected Year:
Deferred revenue
$45,679
$45,679
$45,679
 522,243 544,218 651,856 690,824
Deferred tax liability
$45,679
$45,679
$45,679
 83,119 93,633 65,964 81,905
Deferred government grant obligation
$45,679
$45,679
$45,679
 227,519 221,739 218,568 213,269
Financing obligation
-
-
-
 132,823 337,282 327,974 323,496
Borrowings under Revolving Credit Facility
$45,679
-
-
 - - - -
Long-term debt
$45,679
$45,679
$45,679
 1,026,416 1,466,438 1,980,107 4,370,449
Recourse debt
-
$45,679
$45,679
 247,000 247,000 239,485 230,660
Solar asset-backed notes
$45,679
-
-
 - - - -
Capital leases
$45,679
$45,679
$45,679
 - - - -
Finance leases
-
-
-
 5,811 9,992 12,895 12,929
Lease pass-through financing obligation
$45,679
$45,679
$45,679
 - - - -
Other non-current liabilities
$45,679
$45,679
$45,679
 42,743 48,210 141,401 268,684
Total long-term liabilities
$45,679
$45,679
$45,679
 $2,287,674 $2,968,512 $3,638,250 $6,192,216
Total Liabilities
$45,679
$45,679
$45,679
 $2,598,819 $3,340,703 $7,093,572 ($1)
Selected Year:
31-Dec
2020
Equity
It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is
42.3%
42.5% —

Additional paid-in capital

4.5% —

Non-controlling interest

3.9% —

Redeemable non-controlling interest

0.5% —

Retained earnings

0.0% —

Common stock
Selected Year:
Redeemable non-controlling interest
$45,679
$45,679
$45,679
 $123,801 $126,302 $306,565 $560,461
Non-controlling interest
$45,679
$45,679
$45,679
 358,934 334,075 366,701 650,999
Convertible preferred stock
$45,679
-
-
 - - - -
Preferred Stock
$45,679
$45,679
$45,679
 - - - -
Common stock
$45,679
$45,679
$45,679
 11 11 12 20
Retained earnings
-
$45,679
$45,679
 202,734 229,391 251,466 76,844
Accumulated deficit
$45,679
-
-
 - - - -
Additional paid-in capital
$45,679
$45,679
$45,679
 682,950 722,429 766,006 6,107,802
Accumulated other comprehensive (loss) income
-
$45,679
$45,679
 - - - -
Accumulated other comprehensive loss
$45,679
-
-
 (4,113) (3,124) (52,753) (106,755)
Total Equity
$45,679
$45,679
$45,679
 $881,582 $948,707 $964,731 $6,077,911
Total Liabilities and Equity
$45,679
$45,679
$45,679
 $3,963,136 $4,749,787 $5,806,341 $14,382,943