Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.22.4
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenue:      
Total revenue $ 2,321,422 $ 1,609,954 $ 922,191
Operating expenses:      
Sales and marketing 745,386 622,961 352,299
Research and development 20,907 23,165 19,548
General and administrative 189,247 259,173 266,746
Amortization of intangible assets 5,364 5,370 5,180
Total operating expenses 2,983,614 2,276,141 1,387,299
Loss from operations (662,192) (666,187) (465,108)
Interest expense, net (445,819) (327,700) (230,601)
Other income (expense), net 260,657 22,628 8,188
Loss before income taxes (847,354) (971,259) (687,521)
Income tax expense (benefit) 2,291 9,271 (60,573)
Net loss (849,645) (980,530) (626,948)
Net loss attributable to noncontrolling interests and
   redeemable noncontrolling interests (1,023,022) (901,107) (453,554)
Net income (loss) attributable to common stockholders $ 173,377 $ (79,423) $ (173,394)
Net income (loss) per share attributable to common stockholders      
Basic (in dollars per share) $ 0.82 $ (0.39) $ (1.24)
Diluted (in dollars per share) $ 0.80 $ (0.39) $ (1.24)
Weighted average shares used to compute net income (loss)
   per share attributable to common stockholders      
Basic (in shares) 211,347 205,132 139,606
Diluted (in shares) 219,157 205,132 139,606
Customer agreements and incentives      
Revenue:      
Total revenue $ 983,047 $ 826,564 $ 484,160
Operating expenses:      
Costs 844,162 699,102 385,650
Solar energy systems and product sales      
Revenue:      
Total revenue 1,338,375 783,390 438,031
Operating expenses:      
Costs $ 1,178,548 $ 666,370 $ 357,876