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, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue:        
Total revenue $ 401,166 $ 181,294 $ 735,960 $ 392,025
Operating expenses:        
Sales and marketing 144,599 69,701 270,712 139,971
Research and development 5,150 4,971 11,022 9,017
General and administrative 62,916 41,756 148,546 69,830
Amortization of intangible assets 1,343 1,167 2,688 2,650
Total operating expenses 542,935 264,763 1,056,254 538,511
Loss from operations (141,769) (83,469) (320,294) (146,486)
Interest expense, net (74,999) (50,721) (149,269) (100,645)
Other (expenses) income, net (11,553) (148) 22,794 (98)
Loss before income taxes (228,321) (134,338) (446,769) (247,229)
Income tax (benefit) expense (14,912) 211 (29,038) (3,131)
Net loss (213,409) (134,549) (417,731) (244,098)
Net loss attributable to noncontrolling interests and redeemable noncontrolling interests (172,165) (120,987) (352,698) (202,577)
Net loss attributable to common stockholders $ (41,244) $ (13,562) $ (65,033) $ (41,521)
Net loss per share attributable to common stockholders        
Basic (in dollars per share) $ (0.20) $ (0.11) $ (0.32) $ (0.35)
Diluted (in dollars per share) $ (0.20) $ (0.11) $ (0.32) $ (0.35)
Weighted average shares used to compute net loss per share attributable to common stockholders        
Basic (in shares) 204,378 120,279 203,475 120,201
Diluted (in shares) 204,378 120,279 203,475 120,201
Customer agreements and incentives        
Revenue:        
Total revenue $ 219,474 $ 106,095 $ 394,070 $ 205,219
Operating expenses:        
Costs 177,339 83,422 337,616 161,699
Solar energy systems and product sales        
Revenue:        
Total revenue 181,692 75,199 341,890 186,806
Operating expenses:        
Costs $ 151,588 $ 63,746 $ 285,670 $ 155,344