v3.21.2
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue:        
Total revenue $ 438,765 $ 209,760 $ 1,174,725 $ 601,785
Operating expenses:        
Sales and marketing 171,462 70,720 442,174 210,691
Research and development 5,602 5,205 16,624 14,222
General and administrative 51,290 41,829 199,836 111,659
Amortization of intangible assets 1,341 1,167 4,029 3,817
Total operating expenses 576,690 271,950 1,632,944 810,461
Loss from operations (137,925) (62,190) (458,219) (208,676)
Interest expense, net (89,096) (51,368) (238,365) (152,013)
Other (expenses) income, net (4,332) 864 18,462 766
Loss before income taxes (231,353) (112,694) (678,122) (359,923)
Income tax benefit (expense) 9,980 (27,293) (19,058) (30,424)
Net loss (241,333) (85,401) (659,064) (329,499)
Net loss attributable to noncontrolling interests and redeemable noncontrolling interests (265,462) (122,848) (618,160) (325,425)
Net income (loss) attributable to common stockholders $ 24,129 $ 37,447 $ (40,904) $ (4,074)
Net income (loss) per share attributable to common stockholders        
Basic (in dollars per share) $ 0.12 $ 0.30 $ (0.20) $ (0.03)
Diluted (in dollars per share) $ 0.11 $ 0.28 $ (0.20) $ (0.03)
Weighted average shares used to compute net income (loss) per share attributable to common stockholders        
Basic (in shares) 206,103 125,003 204,355 121,813
Diluted (in shares) 213,016 134,548 204,355 121,813
Customer agreements and incentives        
Revenue:        
Total revenue $ 231,869 $ 114,485 $ 625,939 $ 319,704
Operating expenses:        
Costs 174,457 77,350 512,073 239,049
Solar energy systems and product sales        
Revenue:        
Total revenue 206,896 95,275 548,786 282,081
Operating expenses:        
Costs $ 172,538 $ 75,679 $ 458,208 $ 231,023

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