Company name:

Sunrun Inc

  • IPO SHARE PRICE:
    $14.00
  • IPO DATE:
    August 05, 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

Income Statement

Quarterly Annual
(USD in thousand)
Selected Year:
31-Dec
2020
Revenue
Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers
100%
52.5% —

Customer agreements and incentives

47.5% —

Solar energy systems and product sales
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Customer agreements and incentives
-
-
-
45,679
 234,276 404,466 387,835 484,160 484,160 657,824
Operating leases and incentives
$45,679
$45,679
$45,679
-
 - - - - - -
Solar energy systems and product sales
$45,679
$45,679
$45,679
$45,679
 298,266 355,515 470,743 438,031 438,031 623,800
Total Revenue
$45,679
$45,679
$45,679
$45,679
 $532,542 $759,981 $858,578 $922,191 $922,191 $1,281,624
Selected Year:
31-Dec
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
150.4%
41.8% —

Cost of customer agreements and incentives

38.8% —

Cost of solar energy systems and product sales

38.2% —

Sales and marketing

28.9% —

General and administrative

2.1% —

Research and development

0.6% —

Amortization
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cost of customer agreements and incentives
-
-
-
45,679
 186,435 240,857 280,344 385,650 385,650 586,404
Cost of operating leases and incentives
45,679
45,679
45,679
-
 - - - - - -
Cost of solar energy systems and product sales
45,679
45,679
45,679
45,679
 254,131 294,066 365,485 357,876 357,876 507,412
Sales and marketing
45,679
45,679
45,679
45,679
 146,426 207,232 275,148 352,299 352,299 566,432
Research and development
45,679
45,679
45,679
45,679
 15,079 18,844 23,563 19,548 19,548 21,304
General and administrative
45,679
45,679
45,679
45,679
 107,400 116,659 125,023 266,746 266,746 620,348
Amortization
45,679
45,679
45,679
45,679
 4,204 4,204 4,755 5,180 5,180 5,452
Other expenses
45,679
-
-
-
 - - - - - -
Total operating expenses
45,679
45,679
45,679
45,679
 713,675 881,862 1,074,318 1,387,299 1,387,299 2,307,352
Selected Year:
31-Dec
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
50.4%
50.4% —

Operating Income

Key metric that shows earnings potential of the company's business model
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Operating income
$45,679
$45,679
$45,679
$45,679
 ($181,133) ($121,881) ($215,740) ($465,108) ($465,108) ($1,025,728)
Selected Year:
31-Dec
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
0.9%
0.9% —

Other expense or income
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Other expense or income
-
45,679
45,679
45,679
 1,874 2,788 (9,254) 8,188 8,188 35,816
Loss on early repayment of debt
45,679
45,679
-
-
 - - - - - -
Total non-operating income (expense)
45,679
45,679
45,679
45,679
 1,874 (2,788) 9,254 8,188 8,188 35,816
Selected Year:
31-Dec
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
49.5%
49.5% —

EBIT

Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
EBIT
$45,679
$45,679
$45,679
$45,679
 ($179,259) ($124,669) ($206,486) ($456,920) ($456,920) ($989,912)
Selected Year:
31-Dec
2020
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
18.4%
6.6% —

Income tax expense or benefit

25.0% —

Interest expense
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Interest expense
45,679
45,679
45,679
45,679
 92,255 (131,771) (174,246) (230,601) (230,601) (1,530,456)
Income before income taxes
45,679
45,679
45,679
45,679
 (275,262) (250,864) (399,240) (687,521) (687,521) (1,310,392)
Income tax expense or benefit TEST - ODD
45,679
45,679
45,679
45,679
 12,353 9,322 (8,218) (60,573) (60,573) (120,596)
Selected Year:
31-Dec
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
68.0%
68.0% —

Net income (loss)

It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
$45,679
$45,679
 ($287,615) ($260,186) ($391,022) ($626,948) ($626,948) -
Net income (loss) attributable to redeemable non-controlling interests Net income (loss) attributable to redeemable non-controlling interests
45,679
45,679
45,679
45,679
 (413,104) (286,843) (417,357) (453,554) (453,554) (512,516)
Net income (loss) attributable to common stock
45,679
45,679
45,679
45,679
 125,489 26,657 26,335 (173,394) (173,394) (677,280)
Convertible Preferred stock deemed dividend
45,679
45,679
45,679
-
 - - - - - -

Basic Shares Outstanding
Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective
Common
-
-
45,678,795
45,678,795
 107,730,204 113,899,831 119,385,549 202,583,673 202,583,673 202,583,673
Selected Year:
31-Dec
2020
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net Income per basic share
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
 $1.19 $0.24 $0.23 ($1.24) ($1.24) ($4.84)
Net Income per diluted share
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
 $1.16 $0.23 $0.21 ($1.24) ($1.24) ($4.84)