Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue:        
Revenue $ 181,294 $ 204,595 $ 392,025 $ 399,099
Operating expenses:        
Sales and marketing 69,701 70,038 139,971 125,991
Research and development 4,971 6,555 9,017 12,029
General and administrative 41,756 33,044 69,830 62,107
Amortization of intangible assets 1,167 814 2,650 1,707
Total operating expenses 264,763 267,393 538,511 506,068
Loss from operations (83,469) (62,798) (146,486) (106,969)
Interest expense, net 50,721 42,309 100,645 83,649
Other expenses, net 148 1,388 98 6,144
Loss before income taxes (134,338) (106,495) (247,229) (196,762)
Income tax expense (benefit) 211 (1,910) (3,131) (5,271)
Net loss (134,549) (104,585) (244,098) (191,491)
Net loss attributable to noncontrolling interests and redeemable noncontrolling interests (120,987) (103,292) (202,577) (176,336)
Net loss attributable to common stockholders $ (13,562) $ (1,293) $ (41,521) $ (15,155)
Net loss per share attributable to common stockholders        
Basic (in dollars per share) $ (0.11) $ (0.01) $ (0.35) $ (0.13)
Diluted (in dollars per share) $ (0.11) $ (0.01) $ (0.35) $ (0.13)
Weighted average shares used to compute net loss per share attributable to common stockholders        
Basic (in shares) 120,279 115,765 120,201 114,843
Diluted (in shares) 120,279 115,765 120,201 114,843
Customer agreements and incentives        
Revenue:        
Customer agreements and incentives $ 106,095 $ 92,439 $ 205,219 $ 192,289
Operating expenses:        
Costs 83,422 70,594 161,699 140,087
Solar energy systems and product sales        
Revenue:        
Revenue 75,199 112,156 186,806 206,810
Operating expenses:        
Costs $ 63,746 $ 86,348 $ 155,344 $ 164,147