Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.21.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenue:    
Total revenue $ 334,794 $ 210,731
Operating expenses:    
Sales and marketing 126,113 70,270
Research and development 5,872 4,046
General and administrative 85,630 28,074
Amortization of intangible assets 1,345 1,483
Total operating expenses 513,319 273,748
Loss from operations (178,525) (63,017)
Interest expense, net (74,270) (49,924)
Other income, net 34,347 50
Loss before income taxes (218,448) (112,891)
Income tax benefit (14,126) (3,342)
Net loss (204,322) (109,549)
Net loss attributable to noncontrolling interests and redeemable noncontrolling interests (180,533) (81,590)
Net loss attributable to common stockholders $ (23,789) $ (27,959)
Net loss per share attributable to common stockholders    
Basic (in dollars per share) $ (0.12) $ (0.23)
Diluted (in dollars per share) $ (0.12) $ (0.23)
Weighted average shares used to compute net loss per share attributable to common stockholders    
Basic (in shares) 202,562 119,220
Diluted (in shares) 202,562 119,220
Customer agreements and incentives    
Revenue:    
Total revenue $ 174,596 $ 99,124
Operating expenses:    
Costs 160,277 78,277
Solar energy systems and product sales    
Revenue:    
Total revenue 160,198 111,607
Operating expenses:    
Costs $ 134,082 $ 91,598