Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenue:      
Total revenue $ 858,578 $ 759,981 $ 532,542
Operating expenses:      
Sales and marketing 275,148 207,232 146,426
Research and development 23,563 18,844 15,079
General and administrative 125,023 116,659 107,400
Amortization of intangible assets 4,755 4,204 4,204
Total operating expenses 1,074,318 881,862 713,675
Loss from operations (215,740) (121,881) (181,133)
Interest expense, net 174,246 131,771 92,255
Other expenses (income), net 9,254 (2,788) 1,874
Loss before income taxes (399,240) (250,864) (275,262)
Income tax (benefit) expense (8,218) 9,322 12,353
Net loss (391,022) (260,186) (287,615)
Net loss attributable to noncontrolling interests and redeemable noncontrolling interests (417,357) (286,843) (413,104)
Net income attributable to common stockholders $ 26,335 $ 26,657 $ 125,489
Net income per share attributable to common stockholders      
Basic (in dollars per share) $ 0.23 $ 0.24 $ 1.19
Diluted (in dollars per share) $ 0.21 $ 0.23 $ 1.16
Weighted average shares used to compute net income per share attributable to common stockholders      
Basic (in shares) 116,397 110,089 105,432
Diluted (in shares) 123,876 117,112 108,206
Customer agreements and incentives      
Revenue:      
Customer agreements and incentives $ 387,835 $ 404,466 $ 234,276
Operating expenses:      
Cost of solar energy systems and product sales 280,344 240,857 186,435
Solar energy systems and product sales      
Revenue:      
Total revenue 470,743 355,515 298,266
Operating expenses:      
Cost of solar energy systems and product sales $ 365,485 $ 294,066 $ 254,131