Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)

Acquisitions (Tables)
12 Months Ended
Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]  
Schedule of Business Acquisitions
The calculation of the purchase price is as follows (in thousands, except for share, per share and ratio amounts):

Vivint Solar outstanding common stock at October 8, 2020 126,313,816 
Exchange ratio 0.55 
Number of Sunrun shares issued 69,472,599 
Per share price of Sunrun common stock at October 8, 2020 $ 70.54 
Fair value of Sunrun common stock issued 4,900,597 
Fair value of replacement Sunrun stock options and restricted stock units 136,919 
Purchase price $ 5,037,516 
Schedule of Identifiable Tangible and Intangible Assets Acquired and Liabilities Assumed The following table sets forth the purchase accounting for Vivint Solar’s identifiable tangible and intangible assets acquired and liabilities assumed, with the excess recorded as goodwill (in thousands):
Assets acquired:
Cash and cash equivalents $ 433,217 
Accounts receivable 29,207 
Inventories 70,028 
Solar energy systems 2,979,304 
Property and equipment 19,308 
Intangible assets 3,900 
Restricted cash, current and non-current 104,025 
Prepaid expenses and other assets, current and non-current 110,402 
Total assets acquired 3,749,391 
Liabilities assumed:
Accrued liabilities, accounts payable and distributions payable 177,092 
Finance lease obligations, current and non-current 8,408 
Deferred revenue, current and long-term 32,604 
Debt, current and long-term 2,191,831 
Pass-through financing obligation, current and non-current 4,759 
Long-term deferred tax liability 92,792 
Other long-term liabilities 101,764 
Total liabilities assumed 2,609,250 
Net assets acquired, excluding goodwill 1,140,141 
Redeemable non-controlling interests in subsidiaries 58,300 
Non-controlling interests in subsidiaries 229,400 
Total other 287,700 
Total purchase price 5,037,516 
Goodwill $ 4,185,075 
Schedule of Unaudited Pro Forma
The following table shows selected unaudited pro forma condensed combined total revenue and earnings of the Company after giving effect to the Merger. The selected unaudited pro forma condensed combined total revenue and earnings for the twelve months ended December 31, 2020 and 2019 give effect to the Merger if it occurred on January 1, 2019, the first day of the Company’s 2019 fiscal year (in thousands).
Year Ended December 31,
2020 2019
Total revenues $ 1,234,352  $ 1,198,759 
Net loss $ (971,554) $ 886,774