Annual report pursuant to Section 13 and 15(d)

Quarterly Results of Operations (Unaudited)

v3.19.3.a.u2
Quarterly Results of Operations (Unaudited)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results of Operations (Unaudited) Quarterly Results of Operations (Unaudited)
The following table presents selected quarterly results of operations data for the years ended December 31, 2019 and 2018 (in thousands, except per share amounts):

 
Three Months Ended
 
December 31
 
September 30
 
June 30
 
March 31
2019
 
 
 
 
 
 
 
Total Revenue
$
243,937

 
$
215,542

 
$
204,595

 
$
194,504

Cost of customer agreements and incentives
$
72,898

 
$
67,359

 
$
70,594

 
$
69,493

Cost of solar energy systems and product sales
$
109,307

 
$
92,031

 
$
86,348

 
$
77,799

Net loss
$
(86,997
)
 
$
(112,534
)
 
$
(104,585
)
 
$
(86,906
)
Net (loss) income attributable to common stockholders
$
12,500

 
$
28,990

 
$
(1,293
)
 
$
(13,862
)
Net (loss) income per share attributable to common stockholders, basic
$
0.11

 
$
0.25

 
$
(0.01
)
 
$
(0.12
)
Net (loss) income per share attributable to common stockholders, diluted
$
0.10

 
$
0.23

 
$
(0.01
)
 
$
(0.12
)
2018
 
 
 
 
 
 
 
Total Revenue
$
240,120

 
$
204,960

 
$
170,538

 
$
144,363

Cost of customer agreements and incentives
$
65,317

 
$
63,195

 
$
57,769

 
$
54,576

Cost of solar energy systems and product sales
$
89,040

 
$
76,179

 
$
64,268

 
$
64,579

Net loss
$
(49,515
)
 
$
(47,524
)
 
$
(71,727
)
 
$
(91,420
)
Net income attributable to common stockholders
$
(5,888
)
 
$
(2,896
)
 
$
7,409

 
$
28,032

Net income per share attributable to common stockholders, basic
$
(0.05
)
 
$
(0.03
)
 
$
0.07

 
$
0.26

Net income per share attributable to common stockholders, diluted
$
(0.05
)
 
$
(0.02
)
 
$
0.06

 
$
0.25