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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jan. 02, 2022
Jan. 03, 2021
Current assets    
Cash and cash equivalents $ 166,542 $ 206,744
Restricted short-term marketable securities 1,079 1,359
Accounts receivable, net [1] 39,730 76,702
Inventories 212,820 169,240
Advances to supplier utilized [1] 51,045 43,680
Prepaid expenses and other current assets [1] 61,904 49,470
Total current assets 533,120 547,195
Property, plant and equipment, net 386,630 246,908
Operating lease right of use assets 15,397 13,482
Intangible assets, net 420 456
Advances to supplier, net of current portion [1] 716 49,228
Deferred tax assets 5,183 9,620
Other long-term assets [1] 115,077 113,454
Total assets 1,056,543 980,343
Current liabilities    
Accounts payable [1] 270,475 159,184
Accrued liabilities [1] 78,680 77,307
Contract liabilities, current portion [1] 44,059 20,756
Short-term debt 25,355 48,421
Operating lease liabilities, current portion 2,467 2,464
Total current liabilities 421,036 308,132
Long-term debt 213 962
Contract liabilities, net of current portion [1] 58,994 33,075
Operating lease liabilities, net of current portion 13,464 12,064
Convertible debt 145,772 135,071
Deferred tax liabilities 1,150 0
Other long-term liabilities [1] 61,039 51,752
Total liabilities 701,668 541,056
Commitments and contingencies (Note 9)
Equity    
Common stock, no par value (44,246,603 and 33,995,116 issued and outstanding as of January 2, 2022 and January 3, 2021, respectively) 0 0
Additional paid-in capital 624,261 451,474
Accumulated deficit (262,961) (8,441)
Accumulated other comprehensive loss (11,844) (10,391)
Equity attributable to the Company 349,456 432,642
Noncontrolling interests 5,419 6,645
Total equity 354,875 439,287
Total liabilities and equity $ 1,056,543 $ 980,343
[1] We have related-party balances for transactions with Tianjin Zhonghuan Semiconductor Co., Ltd, SunPower Corporation (“SunPower”) and TotalEnergies S.E. and its affiliates as well as unconsolidated entities in which we have a direct equity investment. These related-party balances are recorded within the “Accounts receivable, net,” “Accounts payable,” “Accrued liabilities,” “Advances to suppliers, current portion,” “Advances to suppliers, net of current portion,” “Prepaid expenses and other current assets,” “Other long-term assets,” “Contract liabilities, current portion,” “Contract liabilities, net of current portion,” “Other long-term liabilities,” and “Net parent investment” financial statement line items in our Consolidated Balance Sheets (see Note 3, Note 4, Note 6 and Note 10).