v3.24.2.u1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue:        
Total revenue $ 523,866 $ 590,193 $ 982,054 $ 1,180,042
Operating expenses:        
Sales and marketing 151,657 194,876 303,921 397,712
Research and development 10,243 4,557 22,330 9,114
General and administrative 61,229 57,476 112,495 110,703
Total operating expenses 651,914 796,134 1,293,224 1,613,677
Loss from operations (128,048) (205,941) (311,170) (433,635)
Interest expense, net (207,207) (157,177) (399,366) (299,875)
Other income, net 64,378 41,071 154,308 16,071
Loss before income taxes (270,877) (322,047) (556,228) (717,439)
Income tax (benefit) expense (10,949) 18,677 (13,150) (40,942)
Net loss (259,928) (340,724) (543,078) (676,497)
Net loss attributable to noncontrolling interests and redeemable noncontrolling interests (399,002) (396,198) (594,334) (491,583)
Net income (loss) attributable to common stockholders $ 139,074 $ 55,474 $ 51,256 $ (184,914)
Net income (loss) per share attributable to common stockholders        
Basic (in dollars per share) $ 0.63 $ 0.26 $ 0.23 $ (0.86)
Diluted (in dollars per share) $ 0.55 $ 0.25 $ 0.23 $ (0.86)
Weighted average shares used to compute net income (loss) per share attributable to common stockholders        
Basic (in shares) 222,474 216,017 221,178 215,153
Diluted (in shares) 255,107 221,849 244,755 215,153
Customer agreements and incentives        
Revenue:        
Total revenue $ 387,825 $ 302,149 $ 710,792 $ 548,623
Operating expenses:        
Costs 298,665 268,687 568,199 505,592
Solar energy systems and product sales        
Revenue:        
Total revenue 136,041 288,044 271,262 631,419
Operating expenses:        
Costs $ 130,120 $ 270,538 $ 286,279 $ 590,556

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