Sunnova Energy International Inc(NYSE:NOVA)

Sunnova Energy International Inc., together with its subsidiaries, provides residential solar and energy storage services in the United States. The company offers operations and maintenance, monitoring, repairs and replacements, equipment upgrades, on-site power optimization, and diagnostics service...
Website: http://www.sunnova.com
Founded: 2012
IPO Price: $12 (Jul 25, 2019)
Full Time Employees: 324
CEO: William Jackson Berger
Sector: Technology
Industry: Solar
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At a glance:
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Income Statements:
Quarterly
Annual
| Unit: USD | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2015-09-30 | 2015-06-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 |
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revenues | |||||||||||||||||||||||||
expenses | |||||||||||||||||||||||||
general and administrative | 11,300 | 2,900 | 2,900 | 5,500 | 11,200 | 2,800 | 2,800 | 5,600 | 11,200 | 2,935 | 2,800 | 5,600 | 11,400 | 3,085 | 2,900 | 3,100 | 3,100 | 4,077 | 6,810 | 21,581 | 6,111 | 6,221 | 8,950 | 21,955 | 5,828 |
total expenses | 11,300 | 2,900 | 2,900 | 5,500 | 11,200 | 2,800 | 2,800 | 5,600 | 11,200 | 2,935 | 2,800 | 5,600 | 11,400 | 3,085 | 2,900 | 3,100 | 3,100 | 4,077 | 6,810 | 21,581 | 6,111 | 6,221 | 8,950 | 21,955 | 5,828 |
net income before other incomes | -725 | -2,900 | -2,900 | -5,500 | -11,200 | -2,800 | -2,800 | -5,600 | -11,200 | -2,935 | -2,800 | -5,600 | -6,810 | ||||||||||||
other income | |||||||||||||||||||||||||
interest expense – related party | -7,330 | -2,457 | -2,457 | -2,416 | -6,728 | -2,267 | -2,250 | -2,183 | -6,016 | -2,006 | -1,989 | -1,989 | -5,481 | -1,827 | -1,827 | -1,615 | -1,228 | -1,228 | |||||||
interest expense | -5,222 | -1,783 | -1,735 | -1,704 | -5,112 | -1,704 | -1,704 | -1,704 | -4,986 | -1,704 | -1,658 | -1,624 | -4,608 | -1,600 | -1,534 | -1,450 | -1,383 | -1,280 | -1,172 | -2,405 | -1,981 | -1,841 | -1,788 | -3,968 | -1,325 |
total other income | -12,552 | -4,240 | -4,192 | -4,120 | -11,840 | -3,971 | -3,954 | -3,887 | -11,002 | -3,710 | -3,647 | -3,613 | -10,089 | -3,427 | -3,361 | -3,065 | -2,998 | -2,508 | -2,400 | -5,620 | -1,981 | -1,841 | -1,788 | -3,968 | -1,325 |
income from operations before income taxes | -1,785 | -7,140 | -7,092 | -9,620 | -23,040 | -6,771 | -6,754 | -9,487 | -22,202 | -6,645 | -6,447 | -9,213 | -21,489 | -6,512 | -6,261 | -6,165 | -6,098 | -6,585 | -9,210 | -27,201 | -8,092 | -8,062 | -10,738 | -25,923 | -7,153 |
income taxes | |||||||||||||||||||||||||
net income | -23,852 | -7,140 | -7,092 | -9,620 | -23,040 | -6,771 | -6,754 | -9,487 | -22,202 | -6,645 | -6,447 | -9,213 | -21,489 | -6,512 | -6,261 | -6,165 | -6,098 | -6,586 | -9,210 | -27,201 | -8,092 | -8,062 | -10,738 | -25,923 | -7,153 |
yoy | 3.52% | 5.45% | 5.00% | 1.40% | 3.77% | 1.90% | 4.76% | 2.97% | 3.32% | 2.04% | 2.97% | 49.44% | 252.39% | -1.12% | -32.02% | -77.34% | -24.64% | -18.31% | -14.23% | 4.93% | 13.13% | ||||
qoq | 234.06% | 0.68% | -26.28% | -58.25% | 240.27% | 0.25% | -28.81% | -57.27% | 234.12% | 3.07% | -30.02% | -57.13% | 229.99% | 4.01% | 1.56% | 1.10% | -7.41% | -28.49% | -66.14% | 236.15% | 0.37% | -24.92% | -58.58% | 262.41% | |
basic and diluted net income per share | |||||||||||||||||||||||||
weighted-average shares outstanding | 18,000,000 | 18,000,000 | 18,000,000 | 18,000,000 | 18,000,000 | 18,000,000 | 18,000,000 | 18,000,000 | 18,000,000 | 18,000,000 | 18,000,000 | 18,000,000 | 18,000,000 | 18,000,000 | 18,000,000 | 18,000,000 | 18,000,000 | 18,000,000 | 18,000,000 | 18,000,000 | 18,000,000 | 18,000,000 | 18,000,000 | 18,000,000 | 18,000,000 |
net operating income before other income | -771.25 | -3,085 | -2,900 | -3,100 | -3,100 | -4,077 | -1,527.75 | -6,111 | -6,221 | -8,950 | -1,457 | -5,828 | |||||||||||||
other income, non-operating | |||||||||||||||||||||||||
interest expense - related party | -1,615 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-09-30 | 2018-06-30 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-09-30 |
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assets | ||||||||||||||||
current assets | ||||||||||||||||
cash | 315 | 315 | 315 | 315 | 15 | 15 | 1,215 | 550 | 1,350 | 1,350 | 2,650 | 435 | 5,022 | 244 | 254 | 1,154 |
total current assets | 315 | 315 | 315 | 315 | 15 | 15 | 1,215 | 550 | 1,350 | 1,350 | 2,650 | 435 | 5,022 | 244 | 254 | 1,154 |
total assets | 315 | 315 | 315 | 315 | 15 | 15 | 1,215 | 550 | 1,350 | 1,350 | 2,650 | 435 | 5,022 | 244 | 254 | 1,154 |
liabilities and stockholders' deficit | ||||||||||||||||
current liabilities | ||||||||||||||||
accounts payable – related party | 6,000 | 11,100 | 9,600 | 8,100 | 11,700 | 10,200 | 12,000 | 10,500 | 9,000 | 6,900 | 13,400 | 11,800 | 35,250 | 30,500 | 25,650 | 36,750 |
accounts payable and accrued liabilities | 4,200 | |||||||||||||||
notes payable – related party | 129,450 | 122,850 | 122,850 | 122,850 | 113,350 | 113,350 | 100,750 | 99,450 | 99,450 | 99,450 | 91,350 | 91,350 | ||||
notes payable | 89,176 | 89,176 | 89,176 | 85,176 | 85,176 | 85,176 | 85,176 | 85,176 | 81,176 | 81,176 | 81,176 | 76,676 | ||||
accrued interest – related party | 51,107 | 48,650 | 46,193 | 43,736 | 39,025 | 36,758 | 30,287 | 28,281 | 26,292 | 24,303 | 22,476 | 20,649 | ||||
accrued interest | 48,919 | 47,136 | 45,353 | 43,618 | 40,210 | 38,506 | 33,394 | 31,690 | 30,032 | 28,408 | 26,784 | 25,184 | 15,243 | 13,262 | 11,421 | 8,308 |
total current liabilities | 328,852 | 321,712 | 314,572 | 307,480 | 290,761 | 283,990 | 262,407 | 255,097 | 249,450 | 240,237 | 235,186 | 226,459 | 150,043 | 137,173 | 129,121 | 111,308 |
total liabilities | 328,852 | 321,712 | 314,572 | 307,480 | 290,761 | 283,990 | 262,407 | 255,097 | 249,450 | 240,237 | 235,186 | 226,459 | 150,043 | 137,173 | 129,121 | 111,308 |
stockholders' deficit | ||||||||||||||||
common stock, .001 par value... | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 |
additional paid-in capital | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 |
accumulated deficit | -355,537 | -348,397 | -341,257 | -334,165 | -317,746 | -310,975 | -288,192 | -281,547 | -275,100 | -265,887 | -259,536 | -253,024 | ||||
total stockholders' deficit | -328,537 | -321,397 | -314,257 | -290,746 | -283,975 | -261,192 | -254,547 | -238,887 | -232,536 | -226,024 | ||||||
total liabilities and stockholders' deficit | 315 | 315 | 315 | 15 | 15 | 1,215 | 550 | 1,350 | 2,650 | 435 | ||||||
14 | ||||||||||||||||
table of contents | ||||||||||||||||
accounts payable | 2,800 | 1,400 | 4,000 | 1,300 | 800 | 3,500 | 1,361 | |||||||||
4 | ||||||||||||||||
liabilities and stockholders’ deficit | ||||||||||||||||
stockholders’ deficit | ||||||||||||||||
total stockholders’ deficit | -307,165 | -248,100 | ||||||||||||||
total liabilities and stockholders’ deficit | 315 | 1,350 | ||||||||||||||
15 | ||||||||||||||||
accounts payable – vendors | 800 | |||||||||||||||
liabilities and stockholders' equity | ||||||||||||||||
loans | 99,550 | 92,050 | 92,050 | 66,250 | ||||||||||||
stockholders' equity | ||||||||||||||||
deficit accumulated during the development stage | -172,021 | -163,929 | -155,867 | -137,154 | ||||||||||||
total stockholders' equity | -145,021 | -136,929 | -128,867 | -110,154 | ||||||||||||
total liabilities and stockholders' equity | 5,022 | 244 | 254 | 1,154 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2019-12-31 | 2019-09-30 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2015-12-31 | 2015-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2008-04-25 |
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cash flows from operating activities | ||||||||||||||||||||
net income | -7,140 | -7,140 | -6,799 | -6,771 | -6,754 | -9,487 | -6,542 | -6,645 | -6,447 | -9,213 | -6,780 | -6,165 | -6,585 | -9,210 | -8,400 | -8,092 | -8,063 | -10,738 | -7,974 | -1,099 |
adjustments to reconcile net income to cash provided (used) by operating activities: | ||||||||||||||||||||
expenses paid by related party | 1,500 | 1,500 | 1,500 | 1,500 | 1,500 | 2,100 | 1,500 | 1,500 | 1,500 | 2,100 | 1,700 | 1,800 | 2,700 | 2,900 | ||||||
changes in operating assets and liabilities: | ||||||||||||||||||||
accounts payable and accrued liabilities | ||||||||||||||||||||
increase in accrued interest – related party | 2,457 | 2,457 | 2,295 | 2,267 | 2,250 | 2,183 | 2,038 | 2,006 | 1,989 | 1,989 | 1,615 | 1,228 | 1,228 | |||||||
increase in accrued interest | 1,783 | 1,783 | 1,704 | 1,704 | 1,704 | 1,704 | 1,704 | 1,704 | 1,658 | 1,624 | 1,450 | 1,450 | 1,280 | 1,172 | 1,991 | 1,981 | 1,841 | 1,788 | 1,325 | |
net cash provided (used) by operating activities | 0 | 0 | -1,300 | 0 | -2,100 | -635 | -2,815 | -500 | -1,759 | -2,722 | -10 | -5,280 | -1,120 | -399 | ||||||
cash flows from investing activities | ||||||||||||||||||||
net cash provided (used) by investing activities | ||||||||||||||||||||
cash flows from financing activities | ||||||||||||||||||||
proceeds from notes payable – related party | 0 | 0 | 1,400 | 0 | 1,500 | |||||||||||||||
proceeds from notes payable | 0 | 0 | 0 | 0 | ||||||||||||||||
net cash from financing activities | 1,500 | 1,300 | 0 | 0 | 0 | 5,300 | 0 | 7,500 | 0 | 5,500 | 0 | |||||||||
increase in cash | 0 | 0 | 100 | 0 | -600 | 665 | -2,815 | -500 | -5,287 | 5,300 | -1,759 | 4,778 | -10 | 220 | -1,120 | -399 | ||||
cash and cash equivalents at beginning of year | ||||||||||||||||||||
cash and cash equivalents at end of year | ||||||||||||||||||||
supplemental cash flow information: | ||||||||||||||||||||
cash paid for interest | ||||||||||||||||||||
cash paid for income taxes | ||||||||||||||||||||
non-cash investing and financing activities: | ||||||||||||||||||||
converted related party accounts payable and advances into notes payable – related party | ||||||||||||||||||||
accounts payable | 1,400 | 0 | ||||||||||||||||||
net cash provided (used) by financing activities | 0 | 0 | ||||||||||||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 0 | 615 | 0 | 0 | 1,350 | 0 | 0 | 0 | 3,263 | 0 | 0 | 0 | 34 | 0 | 2,803 | |||
cash and cash equivalents at end of period | 0 | 0 | -600 | 615 | 665 | -800 | 1,350 | -2,815 | -500 | -5,287 | 8,563 | -1,759 | 4,778 | -10 | 254 | -1,120 | 2,404 | |||
increase in accounts payable | 3,500 | |||||||||||||||||||
increase in accounts payable – vendor | 3,500 | |||||||||||||||||||
converted related party accounts payable and advances into loans | ||||||||||||||||||||
cash advances received | 0 | 0 | 0 | 5,300 | ||||||||||||||||
non-cash investing and financing activities | ||||||||||||||||||||
increase in accrued interest - related party | ||||||||||||||||||||
shares issued for services | ||||||||||||||||||||
depreciation and amortization | ||||||||||||||||||||
decrease in accounts payable and accrued expenses | 3,910 | |||||||||||||||||||
cash advances – related party | ||||||||||||||||||||
stock issued for marketing rights | ||||||||||||||||||||
changes in assets and liabilities: | ||||||||||||||||||||
increase in accounts payable and accrued expenses | 3,389 | 6,212 | 3,670 | 700 | ||||||||||||||||
proceeds from cash advances and notes payable | 7,500 | 0 | 5,500 | |||||||||||||||||
converted accounts payable and advances into loans | ||||||||||||||||||||
adjustments to reconcile net (loss) to cash provided | ||||||||||||||||||||
(used) by operating activities: | ||||||||||||||||||||
depreciation & amortization | ||||||||||||||||||||
changes in assets & liabilities: | ||||||||||||||||||||
cash paid for: | ||||||||||||||||||||
interest | ||||||||||||||||||||
income taxes |
