SOLARCITY CORP
Industrials · Construction - Special Trade Contractors · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | |
|---|---|---|---|---|---|---|
| Revenue | $730.3M | $399.6M | $255.0M | $163.8M | $126.9M | $59.6M |
| Operating income | −$650.3M | −$647.8M | −$335.6M | −$149.4M | −$91.0M | −$61.3M |
| Net income | $238.8M | −$58.3M | −$56.0M | −$55.8M | −$99.3M | $43.5M |
| Total assets | $9.13B | $7.29B | $4.55B | $2.81B | $971.6M | — |
| Total liabilities | $6.86B | $5.55B | $3.21B | $1.96B | $741.4M | — |
| Equity | $1.22B | $878.6M | $745.6M | $617.6M | −$48.2M | $62.7M |
| EPS (diluted) | — | $-0.60 | $-0.60 | $-0.70 | $-7.69 | $0.76 |
| Shares out. | 97.9M | 0 | 91.5M | 91.0M | 74.9M | 14.5M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2016- Operating margin
- −89.0%
- Net margin
- 32.7%
- Return on equity
- 19.5%
- Return on assets
- 2.6%
- Return on capital (ROCE)
- −8.5%
- Liabilities / assets
- 75.1%
- Debt / equity
- 5.60×
- Book value / share
- $12.49
- Revenue growth (YoY)
- 82.8%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2016- Altman Z″ (distress)
- -0.91distress
- Accruals / assets
- 8.2%moderate
- Beneish M-Score
- -0.64elevated
- Piotroski F-Score
- 5/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 2 severe● 4 warning● 2 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Beneish M-Score elevated — earnings-manipulation screen flag
- Strong return on equity (>15%)
- Revenue is growing year-over-year
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Mar 3, 2014
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Material events
SEC Form 8-K · most recent- Entered a material agreementJan 6, 2017
- Entered a material agreementDec 30, 2016
- Entered a material agreement · Completed an acquisition or disposition · Delisting / listing-standard notice · Modified shareholder rights · Change in control · Director / officer change · Amended charter or bylaws · Other material eventNov 21, 2016
- Shareholder voteNov 18, 2016
- Results of operations · Other material eventNov 9, 2016
- Results of operations · Other material eventNov 2, 2016
- Other material eventOct 31, 2016
- Director / officer change · Other material eventSep 29, 2016
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- ABS-15GNov 30, 2017
- ABS-15GNov 30, 2017
- ABS-15GOct 20, 2017
- ABS-15GOct 20, 2017
- 15-12BApr 13, 2017
- CT ORDERMar 22, 2017
- CT ORDERMar 15, 2017
- 10-KMar 1, 2017
- POSASRFeb 28, 2017
- SC 13G/ASOLARCITY CORPFeb 14, 2017
- ABS-15GJan 12, 2017
- ABS-15GJan 12, 2017
- 8-K8-K - REVOLVER AMENDMENT NO. 14Jan 6, 2017
- 8-K12.26 - PANASONIC AGREEMENT (DECEMBER 2016)Dec 30, 2016
- SC 13G/ADec 12, 2016
Event-driven situations (1)
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