Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.20.2
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue:        
Total revenue $ 209,760 $ 215,542 $ 601,785 $ 614,641
Operating expenses:        
Sales and marketing 70,720 77,478 210,691 203,469
Research and development 5,205 6,435 14,222 18,464
General and administrative 41,829 31,059 111,659 93,166
Amortization of intangible assets 1,167 1,524 3,817 3,231
Total operating expenses 271,950 275,886 810,461 781,954
Loss from operations (62,190) (60,344) (208,676) (167,313)
Interest expense, net 51,368 43,911 152,013 127,560
Other (income) expenses, net (864) 3,110 (766) 9,254
Loss before income taxes (112,694) (107,365) (359,923) (304,127)
Income tax (benefit) expense (27,293) 5,169 (30,424) (102)
Net loss (85,401) (112,534) (329,499) (304,025)
Net loss attributable to noncontrolling interests and redeemable noncontrolling interests (122,848) (141,524) (325,425) (317,860)
Net income (loss) attributable to common stockholders $ 37,447 $ 28,990 $ (4,074) $ 13,835
Net income (loss) per share attributable to common stockholders        
Basic (in dollars per share) $ 0.30 $ 0.25 $ (0.03) $ 0.12
Diluted (in dollars per share) $ 0.28 $ 0.23 $ (0.03) $ 0.11
Weighted average shares used to compute net income (loss) per share attributable to common stockholders        
Basic (in shares) 125,003 117,652 121,813 115,790
Diluted (in shares) 134,548 125,151 121,813 123,645
Customer agreements and incentives        
Revenue:        
Total revenue $ 114,485 $ 96,249 $ 319,704 $ 288,538
Operating expenses:        
Costs 77,350 67,359 239,049 207,446
Solar energy systems and product sales        
Revenue:        
Total revenue 95,275 119,293 282,081 326,103
Operating expenses:        
Costs $ 75,679 $ 92,031 $ 231,023 $ 256,178