v3.19.2
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue:        
Revenue $ 204,595 $ 170,538 $ 399,099 $ 314,901
Operating expenses:        
Sales and marketing 70,038 49,237 125,991 93,316
Research and development 6,555 5,052 12,029 8,948
General and administrative 33,044 28,130 62,107 61,023
Amortization of intangible assets 814 1,051 1,707 2,102
Total operating expenses 267,393 205,507 506,068 406,581
Loss from operations (62,798) (34,969) (106,969) (91,680)
Interest expense, net 42,309 31,872 83,649 60,070
Other expenses (income), net 1,388 508 6,144 (1,184)
Loss before income taxes (106,495) (67,349) (196,762) (150,566)
Income tax (benefit) expense (1,910) 4,378 (5,271) 12,581
Net loss (104,585) (71,727) (191,491) (163,147)
Net loss attributable to noncontrolling interests and redeemable noncontrolling interests (103,292) (79,136) (176,336) (198,588)
Net (loss) income attributable to common stockholders $ (1,293) $ 7,409 $ (15,155) $ 35,441
Net (loss) income per share attributable to common stockholders        
Basic (in dollars per share) $ (0.01) $ 0.07 $ (0.13) $ 0.33
Diluted (in dollars per share) $ (0.01) $ 0.06 $ (0.13) $ 0.31
Weighted average shares used to compute net (loss) income per share attributable to common stockholders        
Basic (in shares) 115,765 109,559 114,843 108,510
Diluted (in shares) 115,765 117,067 114,843 113,930
Customer agreements and incentives        
Revenue:        
Customer agreements and incentives $ 92,439 $ 91,605 $ 192,289 $ 158,595
Operating expenses:        
Costs 70,594 57,769 140,087 112,345
Solar energy systems and product sales        
Revenue:        
Revenue 112,156 78,933 206,810 156,306
Operating expenses:        
Costs $ 86,348 $ 64,268 $ 164,147 $ 128,847

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