Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue:        
Revenue $ 204,960 $ 144,546 $ 519,861 $ 380,277
Operating expenses:        
Sales and marketing 56,758 39,921 150,074 108,109
Research and development 4,604 3,936 13,552 10,642
General and administrative 26,720 27,925 87,743 77,761
Amortization of intangible assets 1,051 1,052 3,153 3,154
Total operating expenses 228,507 189,721 635,088 514,824
Loss from operations (23,547) (45,175) (115,227) (134,547)
Interest expense, net 34,482 23,217 94,552 65,746
Other expenses (income), net (4,517) (94) (5,701) 589
Loss before income taxes (53,512) (68,298) (204,078) (200,882)
Income tax expense (benefit) (5,988) 14,517 6,593 30,698
Net loss (47,524) (82,815) (210,671) (231,580)
Net loss attributable to noncontrolling interests and redeemable noncontrolling interests (44,628) (110,822) (243,216) (287,815)
Net income (loss) available to common stockholders $ (2,896) $ 28,007 $ 32,545 $ 56,235
Net income (loss) per share available to common stockholders        
Basic (in dollars per share) $ (0.03) $ 0.26 $ 0.30 $ 0.54
Diluted (in dollars per share) $ (0.02) $ 0.26 $ 0.28 $ 0.52
Weighted average shares used to compute net income per share available to common stockholders        
Basic (in shares) 111,134 105,783 109,351 105,060
Diluted (in shares) 120,396 109,598 116,052 107,893
Customer agreements and incentives        
Revenue:        
Customer agreements and incentives $ 114,572 $ 61,717 $ 273,167 $ 168,918
Operating expenses:        
Costs 63,195 47,299 175,540 135,201
Solar energy systems and product sales        
Revenue:        
Revenue 90,388 82,829 246,694 211,359
Operating expenses:        
Costs $ 76,179 $ 69,588 $ 205,026 $ 179,957