Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.19.3
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue:        
Revenue $ 215,542 $ 204,960 $ 614,641 $ 519,861
Operating expenses:        
Sales and marketing 77,478 56,758 203,469 150,074
Research and development 6,435 4,604 18,464 13,552
General and administrative 31,059 26,720 93,166 87,743
Amortization of intangible assets 1,524 1,051 3,231 3,153
Total operating expenses 275,886 228,507 781,954 635,088
Loss from operations (60,344) (23,547) (167,313) (115,227)
Interest expense, net 43,911 34,482 127,560 94,552
Other expenses (income), net 3,110 (4,517) 9,254 (5,701)
Loss before income taxes (107,365) (53,512) (304,127) (204,078)
Income tax (benefit) expense 5,169 (5,988) (102) 6,593
Net loss (112,534) (47,524) (304,025) (210,671)
Net loss attributable to noncontrolling interests and redeemable noncontrolling interests (141,524) (44,628) (317,860) (243,216)
Net income (loss) attributable to common stockholders $ 28,990 $ (2,896) $ 13,835 $ 32,545
Net income (loss) per share attributable to common stockholders        
Basic (in dollars per share) $ 0.25 $ (0.03) $ 0.12 $ 0.30
Diluted (in dollars per share) $ 0.23 $ (0.02) $ 0.11 $ 0.28
Weighted average shares used to compute net income (loss) per share attributable to common stockholders        
Basic (in shares) 117,652 111,134 115,790 109,351
Diluted (in shares) 125,151 120,396 123,645 116,052
Customer agreements and incentives        
Revenue:        
Customer agreements and incentives $ 96,249 $ 114,572 $ 288,538 $ 273,167
Operating expenses:        
Costs 67,359 63,195 207,446 175,540
Solar energy systems and product sales        
Revenue:        
Revenue 119,293 90,388 326,103 246,694
Operating expenses:        
Costs $ 92,031 $ 76,179 $ 256,178 $ 205,026