Enphase Energy, Inc. — Cash Flow Charts
2 years of history · ending 2025-12-31 · SEC EDGAR
Source:10-K · 10-Q
Capital Allocation
How management deploys cash: investing in the business (Capex + M&A) vs returning to shareholders (Buybacks + Dividends).
Capital Allocation Waterfall
Buybacks vs Stock-Based Comp
Net Debt Issuance
Cash Flow
Cash Flow by Activity
Operating Cash Flow
$137M
Free Cash Flow
$96M
Investing Cash Flow
$107M
Financing Cash Flow
$-242M
Capex
$41M
Acquisitions
$0
Stock Buybacks
$130M
Stock-Based Comp
$214M
Debt Issued
—
Debt Repaid
$102M
D&A
$81M
SBC Allocated Expense
$214M
SBC Unrecognized Cost
$277M