Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.8.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenue:      
Operating leases and incentives $ 231,433 $ 168,417 $ 118,004
Solar energy systems and product sales 298,266 285,481 186,602
Total revenue 529,699 453,898 304,606
Operating expenses:      
Cost of operating leases and incentives 193,954 159,858 111,784
Cost of solar energy systems and product sales 254,131 239,381 168,751
Sales and marketing 137,115 162,781 145,477
Research and development 15,079 10,199 9,657
General and administrative 107,420 92,377 84,442
Amortization of intangible assets 4,204 4,206 3,695
Total operating expenses 711,903 668,802 523,806
Loss from operations (182,204) (214,904) (219,200)
Interest expense, net 70,518 53,244 33,236
Other expenses (income), net 1,874 (840) 1,769
Loss before income taxes (254,596) (267,308) (254,205)
Income tax expense (benefit) 32,138 35,993 (5,299)
Net loss (286,734) (303,301) (248,906)
Net loss attributable to noncontrolling interests and redeemable noncontrolling interests (411,259) (394,988) (220,660)
Net income (loss) attributable to common stockholders 124,525 91,687 (28,246)
Less: Deemed dividend to convertible preferred stockholders 0 0 (24,890)
Net income (loss) available to common stockholders $ 124,525 $ 91,687 $ (53,136)
Net income (loss) per share available to common stockholders      
Net income (loss) per share available to common shareholders, Basic (in shares) $ 1.18 $ 0.90 $ (0.96)
Net income (loss) per share available to common shareholders, Diluted (in shares) $ 1.15 $ 0.87 $ (0.96)
Weighted average shares used to compute net income (loss) per share available to common stockholders      
Weighted average shares used to compute net income (loss) per share attributable to common stockholders, basic (in shares) 105,432 102,367 55,091
Weighted average shares used to compute net income (loss) per share attributable to common stockholders, diluted (in shares) 108,206 104,964 55,091