Enphase financials - Non-GAAP P&L - Non-GAAP $ in MUSD) ( ···---······ $726.0 $441.3 $530.2 $634.7 $711.1 $551.1 $302.6 $2,290.8 $263.3 $303.5 $724.7 $2,330.9 Revenues (394.1) (382.5) (284.5) (150.5) (1,211.5) (141.7) (160.7) (260.5) (306.6) (362.2) (407.6) (1,336.9) Cost of revenues Gross profit 272.5 317.1 331.9 328.6 266.6 152.1 1,079.3 121.6 142.8 223.6 994.0 180.8 42.9% 42.6% 45.7% 46.2% 48.4% 50.3% 47.1% 46.2% Gross margin% 42.2% 47.1% 43.8% 41.0% (71.2) (87.7) (303.7) (81.7) (66.3) (78.6) (98.3) (98.1) (99.0) (86.5) (382.1) (82.6) Operating expenses 12% 13% 14% 14% 18% 29% 17% 31% 13% 27% %of Revenue 12% 15% 193.9 229.4 152.4 61.1 690.3 233.6 230.5 167.6 65.6 697.2 39.0 114.5 Operating income %of Revenue 31% 30% 32% 32% 30% 22% 30% 15% 29% 20% 32% 26% 223.8 122.0 15.4 41.8 Free cash flows 179.1 698.4 225.2 586.4 117.4 192.0 237.3 90.1 Cash, cash equivalents and marketable securities 1,646.4 1,612.8 1,612.8 1,063.5 1,247.8 1,417.3 1,778.4 1,629.6 1,783.9 1,695.0 1,695.0 1,800.5