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NET PARENT INVESTMENT AND TRANSACTIONS WITH SUNPOWER AND TOTALENERGIES (Tables) | 12 Months Ended
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Jan. 02, 2022
Related Party Transactions [Abstract] |
Schedule of Related Party Transactions | The below table summarizes our transactions with SunPower subsequent to the Spin-off, in relation to these agreements:
| Fiscal Year Ended
(In thousands) | January 2, 2022 |  | January 3, 2021
Charges from product collaboration agreement | $ | 32,887 |  |  | $ | 10,846 |
Net charges from transition services agreement | 5,217 |  |  | 6,229 |
We had the following balances related to transactions with SunPower as of January 2, 2022 and January 3, 2021:
| As of
(In thousands) | January 2, 2022 |  | January 3, 2021
Accounts receivable | $ | 3,959 |  |  | $ | 31,967 |
Prepaid expenses and other current assets | 13,979 |  |  | 9,665 |
Other receivables, non-current | 1,458 |  |  | 1,458 |
Accounts payable | 2,315 |  |  | 901 |
Accrued liabilities (Note 6) | 8,361 |  |  | 7,942 |
The following related party balances and amounts are associated with transactions entered into with TotalEnergies and its affiliates:
| As of
(In thousands) | January 2, 2022 |  | January 3, 2021
Accounts receivable | $ | 821 |  |  | $ | 1,273 |
Accounts payable(1) | — |  |  | 3,100 |
Contract liabilities, current portion(2) | 31,069 |  |  | 9,405 |
Contract liabilities, net of current portion(2) | 23,840 |  |  | 33,066 |
Refund liabilities (Note 6) | 22,566 |  |  | — |
(1)In connection with obtaining solar module supplies related to one solar project, we incurred charges of $3.1 million, that was paid directly to TotalEnergies in fiscal year 2021. (2)Refer to Note 9. Commitments and Contingencies—Advances from Customers.
| Fiscal Year Ended
(In thousands) | January 2, 2022 |  | January 3, 2021 |  | December 29, 2019
Revenue | $ | 14,733 |  |  | $ | 73,599 |  |  | $ | 33,371 |
Interest expense incurred on the 4.00% debentures acquired by Total(1) | — |  |  | 2,667 |  |  | 4,000 |
(1)Represents TotalEnergies share of the 4.00% debentures issued by SunPower in December 2015. The proceeds were used to finance our solar cell manufacturing facility in the Philippines which relates to our historical business. As such, the related interest expense was reflected in the Consolidated and Combined Statements of Operations prior to Spin-off. The related obligation on the 4.00% debentures were not transferred to us as part of the Spin-off. Related-party transactions with Huansheng JV are as follows:
| As of
(In thousands) | January 2, 2022 |  | January 3, 2021
Accounts payable | $ | 64,498 |  |  | $ | 40,420 |
| Fiscal Year Ended
(In thousands) | January 2, 2022 |  | January 3, 2021
Payments made to investee for products/services | $ | 140,610 |  |  | $ | 267,247 |
Schedule of Net Parent Contribution (Distribution), By Component | The components of Net parent (distribution) contribution represented the distribution/contribution by SunPower prior to the Spin-off and it comprised of the following on the Consolidated and Combined Statements of Equity for fiscal years 2020 and 2019 were as follows:
| Fiscal Year Ended
(In thousands) | January 3, 2021 |  | December 29, 2019
General financing activities | $ | (22,163) |  |  | $ | 61,971 |
Acquisition of intellectual property | (100,000) |  |  | — |
Separation cost | (25,000) |  |  | — |
Excess cash | (8,996) |  |  | — |
Corporate allocations | 9,238 |  |  | 26,096 |
Interest expense financed and paid by SunPower | 12,167 |  |  | 19,485 |
Stock-based compensation expense | 5,168 |  |  | 7,135 |
Total Net parent (distribution) contribution per Consolidated and Combined Statements of Equity | $ | (129,586) |  |  | $ | 114,687 |
Schedule of Net Parent Contribution (Distribution), Reconciliation To Cash Flow | A reconciliation of Net parent (distribution) contribution in the Consolidated and Combined Statements of Equity to the corresponding amount presented on the Consolidated and Combined Statements of Cash Flows for the periods presented was as follows:
| Fiscal Year Ended
(In thousands) | January 3, 2021 |  | December 29, 2019
Total Net parent (distribution) contribution per Consolidated and Combined Statements of Equity | $ | (129,586) |  |  | $ | 114,687 |
Interest expense financed and paid by SunPower | (12,167) |  |  | (19,485) |
Stock-based compensation expense | (5,168) |  |  | (7,135) |
Other | 12,925 |  |  | 4,342 |
Total Net parent (distribution) contribution per Consolidated and Combined Statements of Cash Flows | $ | (133,996) |  |  | $ | 92,409 |

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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