5. Consolidated Balance Sheet Details (Tables)

9 Months Ended

Sep. 30, 2022

Balance Sheet Related Disclosures [Abstract]

Schedule of Accounts Receivable

Accounts receivable trade, net

Accounts receivable trade, net consisted of the following at September 30, 2022 and December 31, 2021 (in thousands):

	September 30, 2022		December 31, 2021
Accounts receivable trade, gross	$	325,991	$	430,100
Allowance for credit losses	(570)		(664)
Accounts receivable trade, net	$	325,421	$	429,436

Accounts receivable unbilled, net

Accounts receivable unbilled, net consisted of the following at September 30, 2022 and December 31, 2021 (in thousands):

	September 30, 2022		December 31, 2021
Accounts receivable unbilled, gross	$	35,149	$	25,336
Allowance for credit losses	—		(63)
Accounts receivable unbilled, net	$	35,149	$	25,273

Schedule of Allowance for Credit Losses

The following tables present the change in the allowances for credit losses related to our accounts receivable for the nine months ended September 30, 2022 and 2021 (in thousands):

	Nine Months Ended September 30,
Accounts receivable trade	2022		2021
Allowance for credit losses, beginning of period	$	664	$	3,009
Provision for credit losses, net	81		(1,458)
Writeoffs	(175)		(121)
Allowance for credit losses, end of period	$	570	$	1,430

	Nine Months Ended September 30,
Accounts receivable unbilled	2022		2021
Allowance for credit losses, beginning of period	$	63	$	303
Provision for credit losses, net	(63)		(252)
Allowance for credit losses, end of period	$	—	$	51

Schedule of Inventories, Current and Noncurrent

Inventories consisted of the following at September 30, 2022 and December 31, 2021 (in thousands):

	September 30, 2022		December 31, 2021
Raw materials	$	382,552	$	404,727
Work in process	59,764		65,573
Finished goods	607,988		433,511
Inventories	$	1,050,304	$	903,811
Inventories – current	$	810,660	$	666,299
Inventories – noncurrent	$	239,644	$	237,512

Schedule of Other Current Assets

Other current assets consisted of the following at September 30, 2022 and December 31, 2021 (in thousands):

	September 30, 2022		December 31, 2021
Spare maintenance materials and parts	$	112,796	$	112,070
Prepaid expenses	47,289		28,232
Operating supplies	43,458		41,034
Prepaid income taxes	13,550		41,379
Derivative instruments (1)	11,247		5,816
Restricted cash	989		1,532
Other	10,996		14,129
Other current assets	$	240,325	$	244,192

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(1)See Note 6. “Derivative Financial Instruments” to our condensed consolidated financial statements for discussion of our derivative instruments.

Schedule of Property, Plant and Equipment, Net

Property, plant and equipment, net consisted of the following at September 30, 2022 and December 31, 2021 (in thousands):

	September 30, 2022		December 31, 2021
Land	$	17,703	$	18,359
Buildings and improvements	874,533		693,289
Machinery and equipment	2,719,789		2,527,627
Office equipment and furniture	144,223		139,611
Leasehold improvements	40,124		40,517
Construction in progress	724,211		461,708
Property, plant and equipment, gross	4,520,583		3,881,111
Accumulated depreciation	(1,396,504)		(1,231,524)
Property, plant and equipment, net	$	3,124,079	$	2,649,587

Schedule of PV Solar Power Systems, Net

PV solar power systems, net consisted of the following at September 30, 2022 and December 31, 2021 (in thousands):

	September 30, 2022		December 31, 2021
PV solar power systems, gross	$	225,193	$	281,660
Accumulated depreciation	(71,278)		(64,367)
PV solar power systems, net	$	153,915	$	217,293

Schedule of Project Assets

Project assets consisted of the following at September 30, 2022 and December 31, 2021 (in thousands):

	September 30, 2022		December 31, 2021
Project assets – development costs, including project acquisition and land costs	$	27,827	$	117,407
Project assets – construction costs	—		198,081
Project assets	$	27,827	$	315,488

Schedule of Goodwill

Goodwill for the relevant reporting unit consisted of the following at September 30, 2022 and December 31, 2021 (in thousands):

	December 31, 2021		Acquisitions (Impairments)		September 30, 2022
Modules	$	407,827	$	—	$	407,827
Accumulated impairment losses	(393,365)		—		(393,365)
Goodwill	$	14,462	$	—	$	14,462

Schedule of Intangible Assets, Net

Intangible assets, net consisted of the following at September 30, 2022 and December 31, 2021 (in thousands):

	September 30, 2022
	Gross Amount		Accumulated Amortization		Accumulated Impairments		Net Amount
Developed technology	$	100,606	$	(69,409)	$	—	$	31,197
Power purchase agreements	6,486		(1,842)		(1,300)		3,344
Patents	8,480		(6,390)		—		2,090
Intangible assets, net	$	115,572	$	(77,641)	$	(1,300)	$	36,631

	December 31, 2021
	Gross Amount		Accumulated Amortization		Net Amount
Developed technology	$	99,964	$	(61,985)	$	37,979
Power purchase agreements	6,486		(1,621)		4,865
Patents	8,480		(5,815)		2,665
Intangible assets, net	$	114,930	$	(69,421)	$	45,509

Schedule of Other Assets, Noncurrent

Other assets consisted of the following at September 30, 2022 and December 31, 2021 (in thousands):

	September 30, 2022		December 31, 2021
Operating lease assets (1)	$	97,861	$	207,544
Advance payments for raw materials	81,619		86,962
Income tax receivables	47,235		39,862
Accounts receivable unbilled, net	11,488		20,840
Accounts receivable trade, net	9,645		21,293
Restricted cash	8,828		3,651
Indirect tax receivables	351		21,873
Other	54,173		36,739
Other assets	$	311,200	$	438,764

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(1)See Note 7. “Leases” to our condensed consolidated financial statements for discussion of our lease arrangements.

Schedule of Accrued Expenses

Accrued expenses consisted of the following at September 30, 2022 and December 31, 2021 (in thousands):

	September 30, 2022		December 31, 2021
Accrued property, plant and equipment	$	124,950	$	42,031
Accrued freight	77,482		61,429
Accrued compensation and benefits	37,138		34,606
Accrued inventory	37,037		42,170
Accrued other taxes	12,472		23,103
Product warranty liability (1)	11,039		13,598
Accrued project costs	5,618		48,836
Other	27,404		22,677
Accrued expenses	$	333,140	$	288,450

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(1)See Note 10. “Commitments and Contingencies” to our condensed consolidated financial statements for discussion of our “Product Warranties.”

Schedule of Other Current Liabilities

Other current liabilities consisted of the following at September 30, 2022 and December 31, 2021 (in thousands):

	September 30, 2022		December 31, 2021
Derivative instruments (1)	$	12,892	$	3,550
Operating lease liabilities (2)	8,907		12,781
Other taxes payable	1,813		8,123
Other	4,737		10,293
Other current liabilities	$	28,349	$	34,747

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(1)See Note 6. “Derivative Financial Instruments” to our condensed consolidated financial statements for discussion of our derivative instruments.

(2)See Note 7. “Leases” to our condensed consolidated financial statements for discussion of our lease arrangements.

Schedule of Other Liabilities

Other liabilities consisted of the following at September 30, 2022 and December 31, 2021 (in thousands):

	September 30, 2022		December 31, 2021
Deferred revenue	$	348,940	$	95,943
Operating lease liabilities (1)	44,655		145,912
Deferred tax liabilities, net	24,812		27,699
Product warranty liability (2)	23,946		38,955
Other	31,462		43,658
Other liabilities	$	473,815	$	352,167

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(1)See Note 7. “Leases” to our condensed consolidated financial statements for discussion of our lease arrangements.

(2)See Note 10. “Commitments and Contingencies” to our condensed consolidated financial statements for discussion of our “Product Warranties.”