Sunrun Inc
NASDAQ:RUN
Income Statement
Earnings Waterfall
Sunrun Inc
Revenue
|
2.3B
USD
|
Cost of Revenue
|
-2.1B
USD
|
Gross Profit
|
163.1m
USD
|
Operating Expenses
|
-983.7m
USD
|
Operating Income
|
-820.6m
USD
|
Other Expenses
|
-783.9m
USD
|
Net Income
|
-1.6B
USD
|
Income Statement
Sunrun Inc
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||
Revenue |
199
N/A
|
218
+10%
|
239
+10%
|
265
+11%
|
305
+15%
|
354
+16%
|
403
+14%
|
433
+7%
|
477
+10%
|
460
-4%
|
468
+2%
|
501
+7%
|
533
+6%
|
572
+7%
|
612
+7%
|
672
+10%
|
760
+13%
|
810
+7%
|
844
+4%
|
855
+1%
|
859
+0%
|
875
+2%
|
851
-3%
|
846
-1%
|
922
+9%
|
1 046
+13%
|
1 266
+21%
|
1 495
+18%
|
1 610
+8%
|
1 771
+10%
|
1 954
+10%
|
2 148
+10%
|
2 321
+8%
|
2 416
+4%
|
2 421
+0%
|
2 352
-3%
|
2 260
-4%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(174)
|
(195)
|
(214)
|
(240)
|
(281)
|
(329)
|
(368)
|
(391)
|
(394)
|
(396)
|
(402)
|
(421)
|
(441)
|
(468)
|
(484)
|
(506)
|
(535)
|
(563)
|
(598)
|
(618)
|
(646)
|
(668)
|
(659)
|
(652)
|
(744)
|
(868)
|
(1 050)
|
(1 244)
|
(1 366)
|
(1 523)
|
(1 689)
|
(1 863)
|
(2 023)
|
(2 128)
|
(2 172)
|
(2 169)
|
(2 097)
|
|
Gross Profit |
25
N/A
|
23
-9%
|
25
+8%
|
25
+3%
|
24
-4%
|
24
+0%
|
36
+47%
|
42
+19%
|
84
+98%
|
65
-23%
|
67
+3%
|
80
+21%
|
92
+14%
|
104
+13%
|
128
+23%
|
166
+30%
|
225
+35%
|
247
+10%
|
246
0%
|
237
-4%
|
213
-10%
|
207
-3%
|
193
-7%
|
193
+0%
|
179
-8%
|
178
0%
|
216
+21%
|
251
+16%
|
245
-3%
|
248
+2%
|
266
+7%
|
284
+7%
|
299
+5%
|
287
-4%
|
249
-13%
|
184
-26%
|
163
-11%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(157)
|
(178)
|
(195)
|
(222)
|
(243)
|
(266)
|
(279)
|
(274)
|
(276)
|
(262)
|
(256)
|
(264)
|
(273)
|
(293)
|
(312)
|
(328)
|
(347)
|
(356)
|
(383)
|
(411)
|
(429)
|
(441)
|
(448)
|
(451)
|
(644)
|
(759)
|
(855)
|
(966)
|
(911)
|
(914)
|
(945)
|
(961)
|
(961)
|
(996)
|
(1 008)
|
(996)
|
(984)
|
|
Selling, General & Administrative |
(147)
|
(167)
|
(183)
|
(209)
|
(230)
|
(251)
|
(265)
|
(259)
|
(261)
|
(246)
|
(239)
|
(246)
|
(254)
|
(273)
|
(290)
|
(306)
|
(324)
|
(332)
|
(358)
|
(383)
|
(400)
|
(413)
|
(422)
|
(426)
|
(619)
|
(732)
|
(828)
|
(939)
|
(882)
|
(885)
|
(915)
|
(932)
|
(935)
|
(970)
|
(985)
|
(969)
|
(954)
|
|
Research & Development |
(8)
|
(9)
|
(9)
|
(9)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(11)
|
(12)
|
(14)
|
(15)
|
(16)
|
(17)
|
(18)
|
(19)
|
(21)
|
(22)
|
(24)
|
(24)
|
(22)
|
(21)
|
(19)
|
(20)
|
(21)
|
(22)
|
(22)
|
(23)
|
(24)
|
(25)
|
(23)
|
(21)
|
(19)
|
(18)
|
(18)
|
(22)
|
|
Depreciation & Amortization |
(2)
|
(2)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(9)
|
(7)
|
|
Operating Income |
(133)
N/A
|
(155)
-17%
|
(171)
-10%
|
(196)
-15%
|
(219)
-12%
|
(241)
-10%
|
(243)
-1%
|
(231)
+5%
|
(192)
+17%
|
(197)
-2%
|
(189)
+4%
|
(183)
+3%
|
(181)
+1%
|
(189)
-4%
|
(184)
+3%
|
(162)
+12%
|
(122)
+25%
|
(109)
+10%
|
(137)
-25%
|
(174)
-27%
|
(216)
-24%
|
(235)
-9%
|
(255)
-9%
|
(257)
-1%
|
(465)
-81%
|
(581)
-25%
|
(639)
-10%
|
(715)
-12%
|
(666)
+7%
|
(666)
N/A
|
(679)
-2%
|
(677)
+0%
|
(662)
+2%
|
(708)
-7%
|
(759)
-7%
|
(812)
-7%
|
(821)
-1%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(28)
|
(29)
|
(31)
|
(32)
|
(33)
|
(38)
|
(42)
|
(48)
|
(73)
|
(62)
|
(71)
|
(80)
|
(92)
|
(100)
|
(110)
|
(121)
|
(132)
|
(145)
|
(155)
|
(165)
|
(174)
|
(183)
|
(191)
|
(199)
|
(231)
|
(255)
|
(279)
|
(317)
|
(328)
|
(346)
|
(374)
|
(402)
|
(446)
|
(496)
|
(550)
|
(605)
|
(712)
|
|
Non-Reccuring Items |
(4)
|
(4)
|
(5)
|
(5)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
(4)
|
(4)
|
0
|
0
|
0
|
(1 158)
|
(1 158)
|
|
Total Other Income |
(3)
|
(3)
|
(3)
|
(2)
|
(1)
|
(1)
|
1
|
1
|
0
|
(0)
|
(1)
|
(1)
|
(3)
|
(0)
|
(0)
|
4
|
3
|
(4)
|
(5)
|
(12)
|
(9)
|
(4)
|
(3)
|
1
|
8
|
43
|
31
|
26
|
23
|
102
|
166
|
268
|
261
|
122
|
111
|
91
|
(5)
|
|
Pre-Tax Income |
(168)
N/A
|
(191)
-14%
|
(209)
-9%
|
(235)
-13%
|
(254)
-8%
|
(280)
-10%
|
(285)
-2%
|
(279)
+2%
|
(265)
+5%
|
(259)
+2%
|
(261)
-1%
|
(264)
-1%
|
(275)
-4%
|
(289)
-5%
|
(293)
-2%
|
(278)
+5%
|
(251)
+10%
|
(258)
-3%
|
(297)
-15%
|
(351)
-18%
|
(399)
-14%
|
(422)
-6%
|
(450)
-7%
|
(455)
-1%
|
(688)
-51%
|
(793)
-15%
|
(887)
-12%
|
(1 006)
-13%
|
(971)
+3%
|
(913)
+6%
|
(891)
+2%
|
(815)
+9%
|
(847)
-4%
|
(1 083)
-28%
|
(1 199)
-11%
|
(2 484)
-107%
|
(2 696)
-9%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||
Tax Provision |
10
|
6
|
6
|
5
|
5
|
5
|
(4)
|
(13)
|
(56)
|
(41)
|
(49)
|
(54)
|
20
|
17
|
23
|
44
|
(9)
|
2
|
9
|
(3)
|
8
|
8
|
6
|
39
|
61
|
71
|
86
|
49
|
(9)
|
(20)
|
(38)
|
(28)
|
(2)
|
54
|
39
|
9
|
13
|
|
Income from Continuing Operations |
(158)
|
(185)
|
(203)
|
(230)
|
(249)
|
(274)
|
(289)
|
(292)
|
(321)
|
(301)
|
(310)
|
(317)
|
(256)
|
(272)
|
(270)
|
(235)
|
(260)
|
(256)
|
(289)
|
(354)
|
(391)
|
(414)
|
(444)
|
(416)
|
(627)
|
(722)
|
(801)
|
(956)
|
(981)
|
(933)
|
(929)
|
(843)
|
(850)
|
(1 029)
|
(1 160)
|
(2 475)
|
(2 683)
|
|
Income to Minority Interest |
87
|
108
|
150
|
190
|
221
|
277
|
317
|
339
|
396
|
389
|
384
|
403
|
413
|
448
|
435
|
369
|
287
|
240
|
265
|
361
|
417
|
426
|
444
|
425
|
454
|
552
|
604
|
746
|
901
|
789
|
814
|
915
|
1 023
|
1 050
|
1 249
|
1 284
|
1 078
|
|
Net Income (Common) |
(71)
N/A
|
(70)
+2%
|
(52)
+25%
|
(65)
-24%
|
(53)
+18%
|
(30)
+44%
|
3
N/A
|
48
+1 487%
|
75
+58%
|
88
+18%
|
74
-16%
|
85
+15%
|
126
+47%
|
144
+14%
|
133
-8%
|
102
-23%
|
27
-74%
|
(15)
N/A
|
(24)
-57%
|
8
N/A
|
26
+233%
|
12
-54%
|
(0)
N/A
|
8
N/A
|
(173)
N/A
|
(169)
+2%
|
(197)
-16%
|
(210)
-7%
|
(79)
+62%
|
(143)
-81%
|
(115)
+20%
|
72
N/A
|
173
+141%
|
21
-88%
|
89
+326%
|
(1 191)
N/A
|
(1 604)
-35%
|
|
EPS (Diluted) |
-0.73
N/A
|
-0.73
N/A
|
-0.55
+25%
|
-0.95
-73%
|
-0.96
-1%
|
-0.28
+71%
|
0.02
N/A
|
0.45
+2 150%
|
0.72
+60%
|
0.83
+15%
|
0.69
-17%
|
0.79
+14%
|
1.15
+46%
|
1.29
+12%
|
1.13
-12%
|
0.91
-19%
|
0.23
-75%
|
-0.14
N/A
|
-0.21
-50%
|
0.05
N/A
|
0.21
+320%
|
0.09
-57%
|
-0.01
N/A
|
0.06
N/A
|
-1.24
N/A
|
-0.83
+33%
|
-0.96
-16%
|
-0.98
-2%
|
-0.39
+60%
|
-0.7
-79%
|
-0.56
+20%
|
0.32
N/A
|
0.79
+147%
|
0.09
-89%
|
0.39
+333%
|
-5.5
N/A
|
-7.41
-35%
|