v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,124,740 $ 1,621,376
Marketable securities 29,098 171,583
Accounts receivable trade, net 1,730,972 1,261,049
Government grants receivable, net 482,546 403,759
Inventories 1,414,006 1,084,384
Other current assets 642,229 546,882
Total current assets 5,423,591 5,089,033
Property, plant and equipment, net 5,722,561 5,413,683
Deferred tax assets, net 204,671 208,808
Restricted marketable securities 213,737 199,136
Government grants receivable 238,850 157,570
Goodwill 30,555 28,335
Intangibles assets, net 51,950 54,654
Inventories 269,852 275,372
Other assets 702,277 697,770
Total assets 12,858,044 12,124,361
Current liabilities:    
Accounts payable 367,652 482,190
Income taxes payable 79,018 77,363
Accrued expenses 593,244 508,581
Current portion of debt 249,894 236,424
Deferred revenue 1,058,262 712,000
Other current liabilities 504,547 60,884
Total current liabilities 2,852,617 2,077,442
Accrued solar module collection and recycling liability 144,599 134,394
Long-term debt 327,972 373,354
Deferred revenue 764,819 1,327,825
Other liabilities 221,907 233,769
Total liabilities 4,311,914 4,146,784
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.001 par value per share; 500,000,000 shares authorized; 107,247,360 and 107,060,281 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 107 107
Additional paid-in capital 2,892,426 2,898,418
Accumulated earnings 5,814,513 5,263,110
Accumulated other comprehensive loss (160,916) (184,058)
Total stockholders' equity 8,546,130 7,977,577
Total liabilities and stockholders' equity $ 12,858,044 $ 12,124,361