v3.23.3
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue:        
Total revenue $ 563,181 $ 631,906 $ 1,743,223 $ 1,712,270
Operating expenses:        
Sales and marketing 176,349 193,992 574,061 556,346
Research and development 5,039 4,398 14,153 16,794
General and administrative 48,452 47,099 156,704 140,126
Goodwill impairment 1,158,000 0 1,158,000 0
Amortization of intangible assets 4,802 1,341 7,253 4,023
Total operating expenses 1,910,658 768,151 3,524,335 2,185,272
Loss from operations (1,347,477) (136,245) (1,781,112) (473,002)
Interest expense, net (171,288) (117,214) (471,163) (312,513)
Other income, net 77,673 97,953 93,744 263,784
Loss before income taxes (1,441,092) (155,506) (2,158,531) (521,731)
Income tax expense (benefit) 29,846 0 (11,096) 0
Net loss (1,470,938) (155,506) (2,147,435) (521,731)
Net loss attributable to noncontrolling interests and redeemable noncontrolling interests (401,479) (366,066) (893,062) (632,087)
Net (loss) income attributable to common stockholders $ (1,069,459) $ 210,560 $ (1,254,373) $ 110,356
Net (loss) income per share attributable to common stockholders        
Basic (in dollars per share) $ (4.92) $ 0.99 $ (5.81) $ 0.52
Diluted (in dollars per share) $ (4.92) $ 0.96 $ (5.81) $ 0.51
Weighted average shares used to compute net (loss) income per share attributable to common stockholders        
Basic (in shares) 217,344 212,696 216,029 210,609
Diluted (in shares) 217,344 220,850 216,029 218,662
Customer agreements and incentives        
Revenue:        
Total revenue $ 316,528 $ 271,211 $ 865,151 $ 740,789
Operating expenses:        
Costs 283,742 209,539 789,334 613,878
Solar energy systems and product sales        
Revenue:        
Total revenue 246,653 360,695 878,072 971,481
Operating expenses:        
Costs $ 234,274 $ 311,782 $ 824,830 $ 854,105

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