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CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Jan. 02, 2022
Jan. 03, 2021
Dec. 29, 2019
Cash flows from operating activities      
Net loss $ (255,746) $ (141,012) $ (178,902)
Adjustments to reconcile net loss to net cash used in operating activities      
Depreciation and amortization 42,210 47,328 53,448
Stock-based compensation 7,231 7,250 7,135
Non-cash interest expense 13,361 19,851 23,841
Gain from dilution of interest in joint venture (2,975) 0 0
Equity in losses of unconsolidated investees 16,480 3,198 5,342
Loss on extinguishment of debt 5,075 0 0
Loss (Gain) on retirement of property, plant and equipment 2,442 (641) 0
Deferred income taxes 5,587 (1,330) 804
Gain on equity investments 0 (1,822) 0
Remeasurement loss (gain) on Physical Delivery Forward and Prepaid Forward 34,468 (38,236) 0
Other, net (1,765) 3,078 249
Changes in operating assets and liabilities      
Accounts receivable 38,268 71,231 (77,830)
Contract assets 176 (1,806) 264
Inventories (43,493) 25,212 28,415
Prepaid expenses and other assets (20,705) (5,590) 960
Operating lease right-of-use assets 2,449 2,264 2,449
Advances to suppliers 41,147 28,473 50,163
Advances to suppliers 41,098 (143,462) 53,451
Contract liabilities 72,488 (61,344) 6,460
Operating lease liabilities (2,662) (1,804) (2,589)
Net cash used in operating activities (4,866) (189,162) (26,340)
Cash flows from investing activities      
Purchases of property, plant and equipment (154,194) (27,689) (41,905)
Proceeds from disposal of short-term investments 1,318 6,572 0
Purchase of short-term investments (1,094) (1,340) 0
Cash paid for disposal of property, plant and equipment (417) 0 0
Proceeds from sale of assets 0 1,283 265
Purchases of intangibles (61) 0 (231)
Installment payment for acquisition of subsidiary 0 (30,000) 0
Proceeds from sale of unconsolidated investee 0 3,220 0
Proceeds from dividends and partial return of capital by an unconsolidated investee 0 2,462 0
Net cash used in investing activities (154,448) (45,492) (41,871)
Cash flows from financing activities      
Proceeds from debt 170,311 236,446 253,314
Repayment of debt (193,237) (226,664) (254,649)
Payment for tax withholding obligations for issuance of common stock upon vesting of restricted stock units (4,245) 0 0
Net proceeds from issuance of convertible debt 0 190,330 0
Net proceeds from issuance of common stock 169,684 296,765 0
Payment for realized amount on underwriting physical delivery forward 0 (1,606) 0
Payment for prepaid forward 0 (40,000) 0
Distribution to noncontrolling interest 0 (278) 0
Repayment of finance lease obligations and other debt (705) (651) (1,190)
Net parent (distribution) contribution 0 (133,996) 92,409
Net cash provided by financing activities 141,808 320,346 89,884
Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents 166 77 381
Net (decrease) increase in cash, cash equivalents, restricted cash and restricted cash equivalents (17,340) 85,769 22,054
Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning of period 209,572 123,803 101,749
Cash, cash equivalents, restricted cash and restricted cash equivalents, end of period 192,232 209,572 123,803
Non-cash transactions      
Property, plant and equipment purchases funded by liabilities 58,562 27,736 13,377
Right-of-use assets obtained in exchange for lease obligations [1] 5,029 4,791 21,209
Cost from issuance of common stock paid in shares 1,078 0 0
Interest expense financed by SunPower 0 11,333 17,000
Aged supplier financing balances reclassified from accounts payable to short-term debt 0 23,933 45,352
Supplemental cash flow information      
Cash paid for interest 15,159 3,443 1,930
Cash paid for income taxes $ 9,584 $ 12,486 $ 8,109
[1] Amounts for fiscal year 2019 include the transition adjustment for the adoption of ASC 842 and new Right-of-Use (“ROU”) asset additions.