Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.22.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue:    
Total revenue $ 495,784 $ 334,794
Operating expenses:    
Sales and marketing 174,926 126,113
Research and development 6,257 5,872
General and administrative 43,081 85,630
Amortization of intangible assets 1,341 1,345
Total operating expenses 677,234 513,319
Loss from operations (181,450) (178,525)
Interest expense, net (92,254) (74,270)
Other income, net 113,958 34,347
Loss before income taxes (159,746) (218,448)
Income tax benefit (3,277) (14,126)
Net loss (156,469) (204,322)
Net loss attributable to noncontrolling interests and redeemable noncontrolling interests (68,691) (180,533)
Net loss attributable to common stockholders $ (87,778) $ (23,789)
Net loss per share attributable to common stockholders    
Basic (in dollars per share) $ (0.42) $ (0.12)
Diluted (in dollars per share) $ (0.42) $ (0.12)
Weighted average shares used to compute net loss per share attributable to common stockholders    
Basic (in shares) 208,676 202,562
Diluted (in shares) 208,676 202,562
Customer agreements and incentives    
Revenue:    
Total revenue $ 209,692 $ 174,596
Operating expenses:    
Costs 201,785 160,277
Solar energy systems and product sales    
Revenue:    
Total revenue 286,092 160,198
Operating expenses:    
Costs $ 249,844 $ 134,082