The following presents our consolidated statements of operations by quarter (in thousands) (unaudited):



	2019												2018
	Three Months Ended
	Dec. 31			Sept. 30			June 30			March 31			Dec. 31			Sept. 30			June 30			March 31
				As Restated and Recast									As Restated									As Revised
Revenue:
Product	$	158,427		$	163,902		$	144,081		$	90,926		$	103,937		$	102,433		$	78,497		$	115,771
Installation	14,429			21,102			13,076			12,219			11,066			24,691			19,643			12,795
Service	25,628			23,665			23,026			23,467			21,778			21,056			20,299			20,134
Electricity	15,059			15,638			20,143			20,389			20,364			20,439			19,863			19,882
Total revenue	213,543			224,307			200,326			147,001			157,145			168,619			138,302			168,582
Cost of revenue:
Product	141,782			91,697			113,228			88,772			86,154			69,053			49,603			76,465
Installation	16,901			26,141			17,685			15,760			20,651			35,506			29,951			9,198
Service	17,127			36,427			18,763			27,921			31,818			24,470			19,702			24,699
Electricity	12,785			27,317			22,300			12,984			11,601			12,180			12,062			13,785
Total cost of revenue	188,595			181,582			171,976			145,437			150,224			141,209			111,318			124,147
Gross profit	24,948			42,725			28,350			1,564			6,921			27,410			26,984			44,435
Operating expenses:
Research and development	22,148			23,389			29,772			28,859			32,970			27,021			14,413			14,731
Sales and marketing	17,357			17,649			18,194			20,373			24,951			21,396			8,167			8,293
General and administrative	33,315			36,599			43,662			39,074			47,471			40,999			15,359			14,988
Total operating expenses	72,820			77,637			91,628			88,306			105,392			89,416			37,939			38,012
Income (loss) from operations	(47,872		)	(34,912		)	(63,278		)	(86,742		)	(98,471		)	(62,006		)	(10,955		)	6,423
Interest income	862			1,214			1,700			1,885			1,996			1,467			444			415
Interest expense	(21,635		)	(21,323		)	(22,722		)	(21,800		)	(21,757		)	(22,125		)	(27,147		)	(25,992		)
Interest expense to related parties	(1,933		)	(1,605		)	(1,606		)	(1,612		)	(1,628		)	(1,966		)	(2,672		)	(2,627		)
Other income (expense), net	138			525			(222		)	265			636			(705		)	(855		)	(75		)
Gain (loss) on revaluation of warrant liabilities and embedded derivatives	(540		)	(540		)	(540		)	(540		)	192			900			(19,197		)	(4,034		)
Loss before income taxes	(70,980		)	(56,641		)	(86,668		)	(108,544		)	(119,032		)	(84,435		)	(60,382		)	(25,890		)
Income tax provision (benefit)	31			136			258			208			1,079			(3		)	128			333
Net loss	(71,011		)	(56,777		)	(86,926		)	(108,752		)	(120,111		)	(84,432		)	(60,510		)	(26,223		)
Less: net loss attributable to noncontrolling interests and redeemable noncontrolling interests	(5,178		)	(5,027		)	(5,015		)	(3,832		)	(4,662		)	(3,930		)	(4,512		)	(4,632		)
Net loss attributable to Class A and Class B common stockholders	(65,833		)	(51,750		)	(81,911		)	(104,920		)	(115,449		)	(80,502		)	(55,998		)	(21,591		)
Less: deemed dividend to noncontrolling interest	(2,454		)	—			—			—			—			—			—			—
Net loss available to Class A and Class B common stockholders	$	(68,287	)	$	(51,750	)	$	(81,911	)	$	(104,920	)	$	(115,449	)	$	(80,502	)	$	(55,998	)	$	(21,591	)
Net loss per share attributable to Class A and Class B common stockholders, basic and diluted	$	(0.58	)	$	(0.44	)	$	(0.72	)	$	(0.94	)	$	(1.06	)	$	(0.99	)	$	(5.31	)	$	(2.08	)
Weighted average shares used to compute net loss per share attributable to Class A and Class B common stockholders, basic and diluted	118,588			116,330			113,624			111,842			109,416			81,321			10,536			10,404

Restatement and Recasting and Revision of Previously Issued Unaudited Financial Data

Following are the restatement and recasting of previously reported condensed consolidated balance sheets for the quarters ended March 31, 2019, June 30, 2019, and September 30, 2019, restatement of previously reported condensed consolidated balance sheets for the quarters ended June 30, 2018 and September 30, 2018, and revision of previously reported condensed consolidated balance sheet for the quarter ended March 31, 2018.



	March 31, 2019
	As Previously Reported		Restatement Impacts				As Restated		ASC 606 Adoption Impacts			As Restated & Recast
Assets
Current assets:
Cash and cash equivalents	$	320,414	$	—			$	320,414	$	—		$	320,414
Restricted cash	18,419		—				18,419		—			18,419
Accounts receivable	84,070		3,995			1	88,065		(2,418		)	85,647
Inventories	116,544		3,327			2	119,871		—			119,871
Deferred cost of revenue	66,316		(13,405		)	3	52,911		—			52,911
Customer financing receivable	5,717		—				5,717		—			5,717
Prepaid expenses and other current assets	28,362		1,582			4	29,944		129			30,073
Total current assets	639,842		(4,501		)		635,341		(2,289		)	633,052
Property, plant and equipment, net	475,385		236,246			5	711,631		—			711,631
Customer financing receivable, non-current	65,620		—				65,620		—			65,620
Restricted cash (noncurrent)	31,101		—				31,101		—			31,101
Deferred cost of revenue, non-current	72,516		(70,583		)	3	1,933		—			1,933
Other long-term assets	34,386		8,486			6	42,872		2,575			45,447
Total assets	$	1,318,850	$	169,648			$	1,488,498	$	286		$	1,488,784
Liabilities, Redeemable Noncontrolling Interest, Stockholders’ Deficit and Noncontrolling Interest
Current liabilities:
Accounts payable	$	64,425	$	—			$	64,425	$	—		$	64,425
Accrued warranty	16,736		(1,219		)	7	15,517		(1,280		)	14,237
Accrued expenses and other current liabilities	67,966		(3,893		)	8	64,073		—			64,073
Financing obligations	—		8,819			10	8,819		—			8,819
Deferred revenue and customer deposits	89,557		(16,153		)	11	73,404		1,665			75,069
Current portion of recourse debt	15,683		—				15,683		—			15,683
Current portion of non-recourse debt	19,486		—				19,486		—			19,486
Current portion of non-recourse debt from related parties	2,341		—				2,341		—			2,341
Total current liabilities	276,194		(12,446		)		263,748		385			264,133
Derivative liabilities	11,166		4,556				15,722		—			15,722
Deferred revenue and customer deposits, net of current portion	201,863		(115,432		)	11	86,431		17,320			103,751
Financing obligations, non-current	—		394,037			10	394,037		—			394,037
Long-term portion of recourse debt	357,876		—				357,876		—			357,876
Long-term portion of non-recourse debt	284,541		—				284,541		—			284,541
Long-term portion of recourse debt from related parties	27,734		—				27,734		—			27,734
Long-term portion of non-recourse debt from related parties	33,417		—				33,417		—			33,417



	March 31, 2019
	As Previously Reported			Restatement Impacts				As Restated			ASC 606 Adoption Impacts			As Restated & Recast
Other long-term liabilities	58,032			(29,062		)	8	28,970			—			28,970
Total liabilities	1,250,823			241,653				1,492,476			17,705			1,510,181

Redeemable noncontrolling interest	58,802			—				58,802			—			58,802
Stockholders’ deficit:
Common stock	11			—				11			—			11
Additional paid-in capital	2,551,256			755			12	2,552,011			—			2,552,011
Accumulated other comprehensive income	5			—				5			—			5
Accumulated deficit	(2,656,711		)	(72,760		)		(2,729,471		)	(17,419		)	(2,746,890		)
Total stockholders’ deficit	(105,439		)	(72,005		)		(177,444		)	(17,419		)	(194,863		)
Noncontrolling interest	114,664			—				114,664			—			114,664
Total liabilities, redeemable noncontrolling interest, stockholders' deficit and noncontrolling interest	$	1,318,850		$	169,648			$	1,488,498		$	286		$	1,488,784

¹ Accounts receivable — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements, for which the amount recorded to accounts receivable represents amounts invoiced for capacity billings to end customers which have not yet been collected by the financing entity as of the period end.

² Inventories — The correction of these misstatements resulted from the change of accounting for inventory, including net capitalization of stock-based compensation cost of $3.8 million and reclassification of inventories of $0.5 million held for shipments to customers under the Managed Services Program and similar arrangements to construction in progress within property, plant and equipment, net.

³ Deferred cost of revenue, current and non-current — The correction of these misstatements resulted from reclassifying deferred cost of revenue to property, plant and equipment, net for the leased Energy Servers under the Managed Services Agreements and similar sale-leaseback arrangements of $13.9 million (short-term) and $70.6 million (long-term), net capitalization of stock-based compensation costs of $2.1 million into current deferred cost of revenue, and the correction of certain other immaterial misstatements identified to relieve installation deferred cost of revenue of $1.7 million.

⁴ Prepaid expenses and other current assets — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements and similar arrangements prepaid property tax and insurance payments are now classified within prepaid expenses, rather than offset against deferred revenue.

⁵ Property, plant and equipment, net — The correction of these misstatements resulted from the change of accounting for Managed Services transactions and similar arrangements, whereby product and install costs of goods sold are now recorded as property, plant and equipment, net in the cases where the risks of ownership have not completely transferred to the financing party of $232.6 million. This includes a net capitalization of stock-based compensation cost for these assets of $3.6 million.

⁶ Other long-term assets — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements and similar arrangements whereby the timing difference of capacity billings to end customers and the payments received from the financing entity is recorded within long term receivables and prepaid property tax and insurance payments are now classified within other long-term assets, rather than offset against long-term deferred revenue.

⁷ Accrued warranty — The correction of these misstatements resulted from the change of accounting for accrued warranty which is now recorded on an as-incurred basis for our Managed Services Agreements and similar arrangements, reducing accrued warranty by $0.4 million and the change of accounting for the grid pricing escalation guarantees we provided in some of our sales arrangements, which are now recorded as derivative liabilities, reducing accrued warranty by $0.8 million.

⁸Accrued expense and other current liabilities and other long-term liabilities — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements, for which historical accrued liabilities recorded at inception of the agreements, as well as subsequent reductions of those liabilities, were reversed.

⁹ Financing obligations, current and non-current — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements and similar arrangements, whereby instead of recognizing the upfront proceeds received from the bank as revenue, the proceeds received are classified as financing obligations.

¹⁰Deferred revenue and customer deposits, current and non-current — The correction of these misstatements resulted from the change of accounting for the recognition of product and installation revenue from upfront or ratable recognition to recognition of the capacity payments received from the end customer as power is generated by the Energy Servers as electricity revenue.

¹¹ Derivative liabilities — The correction of these misstatements resulted from the change of accounting for embedded derivatives related to grid pricing escalation guarantees we provided in some of our sales arrangements. These are now recorded as derivative liabilities and were previously treated as an accrued liability.

¹² Additional paid-in capital — Relates to the correction of an unadjusted misstatement in the valuation of our 6% Notes derivative, resulting in a credit to additional paid-in capital and additional expense of $0.8 million recorded within other expense, net.



	June 30, 2019
	As Previously Reported		Restatement Impacts				As Restated		ASC 606 Adoption Impacts			As Restated & Recast
Assets
Current assets:
Cash and cash equivalents	$	308,009	$	—			$	308,009	$	—		$	308,009
Restricted cash	23,706		—				23,706		—			23,706
Accounts receivable	38,296		4,172			1	42,468		(2,430		)	40,038
Inventories	104,934		1,955			2	106,889		—			106,889
Deferred cost of revenue	86,434		(6,127		)	3	80,307		—			80,307
Customer financing receivable	5,817		—				5,817		—			5,817
Prepaid expenses and other current assets	25,088		1,252			4	26,340		143			26,483
Total current assets	592,284		1,252				593,536		(2,287		)	591,249
Property, plant and equipment, net	406,610		234,649			5	641,259		—			641,259
Customer financing receivable, non-current	64,146		—				64,146		—			64,146
Restricted cash (noncurrent)	39,351		—				39,351		—			39,351
Deferred cost of revenue, non-current	59,213		(55,367		)	3	3,846		—			3,846
Other long-term assets	60,975		9,118			6	70,093		2,743			72,836
Total assets	$	1,222,579	$	189,652			$	1,412,231	$	456		$	1,412,687
Liabilities, Redeemable Noncontrolling Interest, Stockholders’ Deficit and Noncontrolling Interest
Current liabilities:
Accounts payable	61,427		—				61,427		—			61,427
Accrued warranty	12,393		(1,154		)	7	11,239		(999		)	10,240
Accrued expenses and other current liabilities	109,722		(4,329		)	8	105,393		—			105,393
Financing obligations	—		10,027			10	10,027		—			10,027
Deferred revenue and customer deposits	129,321		(13,847		)	11	115,474		3,264			118,738
Current portion of recourse debt	15,681		—				15,681		—			15,681
Current portion of non-recourse debt	7,654		—				7,654		—			7,654
Current portion of non-recourse debt from related parties	2,889		—				2,889		—			2,889
Total current liabilities	339,087		(9,303		)		329,784		2,265			332,049
Derivative liabilities	13,079		5,096				18,175		—			18,175
Deferred revenue and customer deposits, net of current portion	181,221		(95,840		)	11	85,381		25,369			110,750
Financing obligations, non-current	—		400,078			10	400,078		—			400,078
Long-term portion of recourse debt	362,424		—				362,424		—			362,424
Long-term portion of non-recourse debt	219,182		—				219,182		—			219,182
Long-term portion of recourse debt from related parties	27,734		—				27,734		—			27,734
Long-term portion of non-recourse debt from related parties	32,643		—				32,643		—			32,643
Other long-term liabilities	58,417		(28,438		)	8	29,979		—			29,979
Total liabilities	1,233,787		271,593				1,505,380		27,634			1,533,014

Redeemable noncontrolling interest	505		—				505		—			505
Stockholders’ deficit:



	June 30, 2019
	As Previously Reported			Restatement Impacts				As Restated			ASC 606 Adoption Impacts			As Restated & Recast
Common stock	11			—				11			—			11
Additional paid-in capital	2,603,279			755			12	2,604,034			—			2,604,034
Accumulated other comprehensive loss	(148		)	—				(148		)	—			(148		)
Accumulated deficit	(2,718,927		)	(82,696		)		(2,801,623		)	(27,178		)	(2,828,801		)
Total stockholders’ deficit	(115,785		)	(81,941		)		(197,726		)	(27,178		)	(224,904		)
Noncontrolling interest	104,072			—				104,072			—			104,072
Total liabilities, redeemable noncontrolling interest, stockholders' deficit and noncontrolling interest	$	1,222,579		$	189,652			$	1,412,231		$	456		$	1,412,687

² Inventories — The correction of these misstatements resulted from the change of accounting for inventory, including net capitalization of stock-based compensation costs of $2.0 million.

³ Deferred cost of revenue, current and non-current — The correction of these misstatements resulted from reclassifying deferred cost of revenue to property, plant and equipment, net for the leased Energy Servers under the Managed Services Agreements and similar sale-leaseback arrangements of $7.4 million (short-term) and $55.4 million (long-term), and net capitalization of stock-based compensation costs of $3.7 million into current deferred cost of revenue, and the correction of certain other immaterial misstatements identified to relieve installation deferred cost of revenue of $2.5 million.

⁴ Prepaid expenses and other current assets — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements and similar arrangements whereby prepaid property tax and insurance payments are now classified within prepaid expenses, rather than offset against deferred revenue.

⁵ Property, plant and equipment, net — The correction of these misstatements resulted from the change of accounting for Managed Services transactions and similar arrangements, whereby product and install cost of revenue are now recorded as property, plant and equipment, net in the cases where the risks of ownership have not completely transferred to the financing party of $230.9 million. This includes a net capitalization of stock-based compensation costs for these assets of $3.7 million.

⁷ Accrued warranty — The correction of these misstatements resulted from the change of accounting for accrued warranty which is now recorded on an as-incurred basis for our Managed Services Agreements and similar arrangements, reducing accrued warranty by $0.2 million and the change of accounting for the grid pricing escalation guarantees we provided in some of our sales arrangements, which are now recorded as derivative liabilities, reducing accrued warranty by $0.9 million.

⁸Accrued expenses and other current liabilities and other long-term liabilities — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements, for which historical accrued liabilities recorded at inception of the agreements, as well as subsequent reductions of those liabilities, were reversed.



	September 30, 2019
	As Previously Reported		Restatement Impacts				As Restated		ASC 606 Adoption Impacts			As Restated & Recast
Assets
Current assets:
Cash and cash equivalents	$	226,499	$	—			$	226,499	$	—		$	226,499
Restricted cash	14,486		—				14,486		—			14,486
Accounts receivable	26,737		4,216			1	30,953		(4,600		)	26,353
Inventories	140,372		(7,765		)	2	132,607		—			132,607
Deferred cost of revenue	50,707		(9,665		)	3	41,042		—			41,042
Customer financing receivable	5,919		—				5,919		—			5,919
Prepaid expenses and other current assets	25,639		2,830			4	28,469		173			28,642
Total current assets	490,359		(10,384		)		479,975		(4,427		)	475,548
Property, plant and equipment, net	384,377		243,008			5	627,385		—			627,385
Customer financing receivable, non-current	62,615		—				62,615		—			62,615
Restricted cash (noncurrent)	116,890		—				116,890		—			116,890
Deferred cost of revenue, non-current	57,286		(53,562		)	3	3,724		—			3,724
Other long-term assets	58,400		9,319			6	67,719		3,232			70,951
Total assets	$	1,169,927	$	188,381			$	1,358,308	$	(1,195	)	$	1,357,113
Liabilities, Redeemable Noncontrolling Interest, Stockholders’ Deficit and Noncontrolling Interest
Current liabilities:
Accounts payable	$	81,060	$	—			$	81,060	$	—		$	81,060
Accrued warranty	15,295		(1,159		)	7	14,136		(1,274		)	12,862
Accrued expense and other current liabilities	82,150		(2,534		)	8	79,616		—			79,616
Financing obligations	—		10,420			10	10,420		—			10,420
Deferred revenue and customer deposits	88,060		(13,856		)	11	74,204		3,347			77,551
Current portion of recourse debt	15,678		—				15,678		—			15,678
Current portion of non-recourse debt	7,983		—				7,983		—			7,983
Current portion of non-recourse debt from related parties	3,500		—				3,500		—			3,500
Total current liabilities	293,726		(7,129		)		286,597		2,073			288,670
Derivative liabilities	14,648		5,636				20,284		—			20,284
Deferred revenue and customer deposits, net of current portion	179,712		(92,390		)	11	87,322		34,954			122,276
Financing obligations, non-current	—		397,272			10	397,272		—			397,272
Long-term portion of recourse debt	359,959		—				359,959		—			359,959
Long-term portion of non-recourse debt	217,334		—				217,334		—			217,334
Long-term portion of recourse debt from related parties	27,734		—				27,734		—			27,734
Long-term portion of non-recourse debt from related parties	31,781		—				31,781		—			31,781
Other long-term liabilities	56,117		(27,264		)	8	28,853		(1		)	28,852
Total liabilities	1,181,011		276,125				1,457,136		37,026			1,494,162

Redeemable noncontrolling interest	557		—				557		—			557



	September 30, 2019
	As Previously Reported			Restatement Impacts				As Restated			ASC 606 Adoption Impacts			As Restated & Recast
Stockholders’ deficit:
Common stock	12			—				12			—			12
Additional paid-in capital	2,647,118			756			12	2,647,874			—			2,647,874
Accumulated other comprehensive loss	(147		)	—				(147		)	—			(147		)
Accumulated deficit	(2,753,830		)	(88,500		)		(2,842,330		)	(38,221		)	(2,880,551		)
Total stockholders’ deficit	(106,847		)	(87,744		)		(194,591		)	(38,221		)	(232,812		)
Noncontrolling interest	95,206			—				95,206			—			95,206
Total liabilities, redeemable noncontrolling interest, stockholders' deficit and noncontrolling interest	$	1,169,927		$	188,381			$	1,358,308		$	(1,195	)	$	1,357,113

² Inventories — The correction of these misstatements resulted from the change of accounting for inventory, including net capitalization of stock-based compensation costs of $3.7 million, and reclassification of inventories of $11.5 million on held for shipments to customers under the Managed Services Program and similar arrangements to construction in progress within property, plant and equipment, net.

³ Deferred cost of revenue, current and non-current — The correction of these misstatements resulted from reclassifying deferred cost of revenue to property, plant and equipment, net for the leased Energy Servers under the Managed Services Agreements and similar sale-leaseback arrangements of $7.4 million (short-term) and $53.6 million (long-term), and net capitalization of stock-based compensation costs of $0.8 million into current deferred cost of revenue, and the correction of certain other immaterial misstatements identified to relieve installation deferred cost of revenue of $3.1 million.

⁴ Prepaid expenses and other current assets — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements and similar arrangements where prepaid property tax and insurance payments are now classified within prepaid expenses, rather than offset against deferred revenue.

⁵ Property, plant and equipment, net — The correction of these misstatements resulted from the change of accounting for Managed Services transactions and similar arrangements, whereby product and install costs of goods sold are now recorded as property, plant and equipment, net in the cases where the risks of ownership have not completely transferred to the financing party of $239.3 million. This includes a net capitalization of stock-based compensation costs for these assets of $3.7 million.

⁷ Accrued warranty — The correction of these misstatements resulted from the change of accounting for accrued warranty which is now recorded on an as-incurred basis for our Managed Services Agreements and similar arrangements, reducing accrued warranty by $0.1 million and the change of accounting for the grid pricing escalation guarantees we provided in some of our sales arrangements, which are now recorded as derivative liabilities, reducing accrued warranty by $1.1 million.



	March 31, 2018
	As Previously Reported		Revision Impacts				As Revised
Assets
Current assets:
Cash and cash equivalents	$	88,227	$	—			$	88,227
Restricted cash	22,998		—				22,998
Short-term investments	20,138		—				20,138
Accounts receivable	58,520		3,476			1	61,996
Inventories	97,079		(3,047		)	2	94,032
Deferred cost of revenue	81,229		(37,814		)	3	43,415
Customer financing receivable	5,303		—				5,303
Prepaid expenses and other current assets	27,836		1,108			4	28,944
Total current assets	401,330		(36,277		)		365,053
Property, plant and equipment, net	487,169		215,059			5	702,228
Customer financing receivable, non-current	71,337		—				71,337
Restricted cash (noncurrent)	32,367		—				32,367
Deferred cost of revenue, non-current	155,658		(155,605		)	3	53
Other long-term assets	36,773		6,406			6	43,179
Total assets	$	1,184,634	$	29,583			$	1,214,217
Liabilities, Convertible Redeemable Preferred Stock, Redeemable Noncontrolling Interest, Stockholders’ Deficit and Noncontrolling Interest
Current liabilities:
Accounts payable	$	47,755	$	—			$	47,755
Accrued warranty	16,723		(329		)	7	16,394
Accrued expenses and other current liabilities	57,683		(4,029		)	8	53,654
Financing obligations	—		6,556			10	6,556
Deferred revenue and customer deposits	99,449		(27,963		)	11	71,486
Current portion of recourse debt	6,017		—				6,017
Current portion of non-recourse debt	17,583		—				17,583
Current portion of non-recourse debt from related parties	1,525		—				1,525
Total current liabilities	246,735		(25,765		)		220,970
Preferred stock warrant liabilities	6,554		—				6,554
Derivative liabilities	163,854		4,217				168,071
Deferred revenue and customer deposits, net of current portion	306,153		(216,652		)	11	89,501
Financing obligations, non-current	—		321,682			10	321,682
Long-term portion of recourse debt	517,483		—				517,483
Long-term portion of non-recourse debt	302,345		—				302,345
Long-term portion of recourse debt from related parties	70,202		—				70,202
Long-term portion of non-recourse debt from related parties	35,312		—				35,312
Other long-term liabilities	51,860		(30,107		)	8	21,753
Total liabilities	1,700,498		53,375				1,753,873



	March 31, 2018
	As Previously Reported			Revision Impacts			As Revised
Redeemable noncontrolling interest	58,176			—			58,176
Convertible redeemable preferred stock	1,465,841			—			1,465,841
Stockholders’ deficit:
Common stock	1			—			1
Additional paid-in capital	158,605			—			158,605
Accumulated other comprehensive income	117			—			117
Accumulated deficit	(2,348,363		)	(23,792		)	(2,372,155		)
Total stockholders’ deficit	(2,189,640		)	(23,792		)	(2,213,432		)
Noncontrolling interest	149,759			—			149,759
Total liabilities, redeemable noncontrolling interest, convertible redeemable preferred stock, stockholders' deficit and noncontrolling interest	$	1,184,634		$	29,583		$	1,214,217

² Inventories — The correction of these misstatements resulted from the change of accounting for inventory, including net capitalization of stock-based compensation costs of $0.3 million, and reclassification of inventories of $3.4 million held for shipments to customers under the Managed Services Program and similar arrangements to construction in progress within property, plant and equipment, net.

³ Deferred cost of revenue, current and non-current — The correction of these misstatements resulted from reclassifying deferred cost of revenue to property, plant and equipment, net for the leased Energy Servers under the Managed Services Agreements and similar sale-leaseback arrangements of $38.2 million (short-term) and $155.6 million (long-term), and net capitalization of stock-based compensation costs of $0.3 million into current deferred cost of revenue.

⁴ Prepaid expenses and other current assets — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements and similar arrangements where prepaid property tax and insurance payments are now classified within prepaid expenses, rather than offset against deferred revenue.

⁵ Property, plant and equipment, net — The correction of these misstatements resulted from the change of accounting for Managed Services transactions and similar arrangements, whereby product and install costs of goods sold are now recorded as property, plant and equipment, net in the cases where the risks of ownership have not completely transferred to the financing party of $214.1 million. This includes a net capitalization of stock-based compensation costs for these assets of $0.9 million.

⁷ Accrued warranty — The correction of these misstatements resulted from the change of accounting for the grid pricing escalation guarantees we provided in some of our sales arrangements, which are now recorded as derivative liabilities of $0.3 million.



	June 30, 2018
	As Previously Reported		Restatement Impacts				As Restated
Assets
Current assets:
Cash and cash equivalents	$	91,596	$	—			$	91,596
Restricted cash	25,860		—				25,860
Short-term investments	15,703		—				15,703
Accounts receivable	36,804		3,638			1	40,442
Inventories	136,433		(7,149		)	2	129,284
Deferred cost of revenue	55,476		(19,822		)	3	35,654
Customer financing receivable	5,398		—				5,398
Prepaid expenses and other current assets	23,003		1,817			4	24,820
Total current assets	390,273		(21,516		)		368,757
Property, plant and equipment, net	477,765		219,579			5	697,344
Customer financing receivable, non-current	69,963		—				69,963
Restricted cash (noncurrent)	32,416		—				32,416
Deferred cost of revenue, non-current	148,934		(148,874		)	3	60
Other long-term assets	38,386		6,855			6	45,241
Total assets	$	1,157,737	$	56,044			$	1,213,781
Liabilities, Redeemable Noncontrolling Interest, convertible redeemable preferred stock, Stockholders’ Deficit and Noncontrolling Interest
Current liabilities:
Accounts payable	$	53,798	$	—			$	53,798
Accrued warranty	14,928		(641		)	7	14,287
Accrued expenses and other current liabilities	54,832		(4,900		)	8	49,932
Financing obligations	—		6,792			10	6,792
Deferred revenue and customer deposits	94,582		(28,528		)	11	66,054
Current portion of recourse debt	10,351		—				10,351
Current portion of non-recourse debt	18,025		—				18,025
Current portion of non-recourse debt from related parties	1,630		—				1,630
Total current liabilities	248,146		(27,277		)		220,869
Preferred stock warrant liabilities	2,369		—				2,369
Derivative liabilities	188,199		4,217				192,416
Deferred revenue and customer deposits, net of current portion	301,550		(212,920		)	11	88,630
Financing obligations, non-current	—		356,727			10	356,727
Long-term portion of recourse debt	524,934		—				524,934
Long-term portion of non-recourse debt	298,048		—				298,048
Long-term portion of recourse debt from related parties	72,087		—				72,087
Long-term portion of non-recourse debt from related parties	35,054		—				35,054
Other long-term liabilities	52,153		(30,589		)	8	21,564
Total liabilities	1,722,540		90,158				1,812,698



	June 30, 2018
	As Previously Reported			Restatement Impacts			As Restated
Redeemable noncontrolling interest	54,940			—			54,940
Convertible redeemable preferred stock	1,465,841			—			1,465,841
Stockholders’ deficit:
Common stock	1			—			1
Additional paid-in capital	166,805			—			166,805
Accumulated other comprehensive income	217			—			217
Accumulated deficit	(2,394,040		)	(34,114		)	(2,428,154		)
Total stockholders’ deficit	(2,227,017		)	(34,114		)	(2,261,131		)
Noncontrolling interest	141,433			—			141,433
Total liabilities, redeemable noncontrolling interest, convertible redeemable preferred stock, stockholders' deficit and noncontrolling interest	$	1,157,737		$	56,044		$	1,213,781

² Inventories — The correction of these misstatements resulted from the change of accounting for inventory, including net capitalization of stock-based compensation expenses of $0.9 million, and reclassification of inventories of $8.0 million held for shipments planned to customers under the Managed Services Program and similar arrangements now accounted for as construction in progress within property, plant and equipment, net.

³ Deferred cost of revenue, current and non-current — The correction of these misstatements resulted from the cumulative net change of accounting moving deferred cost of revenue to property, plant and equipment, net, a decrease for the leased Energy Servers under the Managed Services Agreements and similar sale-leaseback arrangements of $20.1 million (short-term) and $148.9 million (long-term), and the cumulative net absorption in current deferred cost of revenue for overhead in related to stock-based compensation expenses of $0.3 million.

⁴ Prepaid expenses and other current assets — The correction of these misstatements resulted from the cumulative net change of accounting for Managed Services Agreements and similar arrangements where prepaid property tax and insurance payments are now classified within prepaid expenses.

⁵ Property, plant and equipment, net — The correction of these misstatements resulted from the change of accounting for Managed Services transactions and similar arrangements, whereby product and install costs of goods sold are now recorded as property, plant and equipment, net in the cases where the risks of ownership have not completely transferred to the financing party of $218.6 million. This includes a net capitalization of stock-based compensation costs for these assets of $1.0 million.

⁶ Other long-term assets — The correction of these misstatements resulted from the cumulative net change of accounting for Managed Services Agreements and similar arrangements whereby the timing difference of capacity billings to end customers and the payments received from the financing entity is recorded within long term receivables and prepaid property tax and insurance payments are now classified within long term prepaid expenses, rather than offset against long-term deferred revenue.

⁷ Accrued warranty — The correction of these misstatements resulted from the change of accounting for accrued warranty which is now recorded on an as-incurred basis on our Managed Services Agreements and similar arrangements of $0.4 million and also includes the cumulative net change of accounting for the change of accounting for the grid pricing escalation guarantees we provided in some of our sales arrangements of $0.3 million.

¹⁰Deferred revenue and customer deposits, current and non-current — The correction of these misstatements resulted from the cumulative change of accounting for the recognition of product and installation revenue from upfront or ratable recognition to recognition of the capacity payments received from the end customer as power is generated by the Energy Servers as electricity revenue.

¹¹ Derivative liabilities — The correction of these misstatements resulted from the cumulative net change of accounting for embedded derivatives related to grid pricing escalation guarantees we provided in some of our sales arrangements. These commitments were previously treated as an accrued liability.



	September 30, 2018
	As Previously Reported		Restatement Impacts				As Restated
Assets
Current assets:
Cash and cash equivalents	$	395,516	$	—			$	395,516
Restricted cash	17,931		—				17,931
Short-term investments	4,494		—				4,494
Accounts receivable	41,485		3,776			1	45,261
Inventories	134,725		3,053			2	137,778
Deferred cost of revenue	66,009		(20,826		)	3	45,183
Customer financing receivable	5,496		—				5,496
Prepaid expenses and other current assets	32,876		3,623			4	36,499
Total current assets	698,532		(10,374		)		688,158
Property, plant and equipment, net	471,074		227,049			5	698,123
Customer financing receivable, non-current	68,535		—				68,535
Restricted cash (noncurrent)	30,779		—				30,779
Deferred cost of revenue, non-current	139,217		(139,172		)	3	45
Other long-term assets	37,008		7,389			6	44,397
Total assets	$	1,445,145	$	84,892			$	1,530,037
Liabilities, Redeemable Noncontrolling Interest, Stockholders’ Deficit and Noncontrolling Interest
Current liabilities:
Accounts payable	$	59,818	$	—			$	59,818
Accrued warranty	17,975		(663		)	7	17,312
Accrued expenses and other current liabilities	66,873		(2,887		)	8	63,986
Financing obligations	—		7,780			10	7,780
Deferred revenue and customer deposits	105,265		(32,527		)	11	72,738
Current portion of recourse debt	1,686		—				1,686
Current portion of non-recourse debt	18,499		—				18,499
Current portion of non-recourse debt from related parties	1,737		—				1,737
Total current liabilities	271,853		(28,297		)		243,556
Derivative liabilities	9,441		4,217				13,658
Deferred revenue and customer deposits, net of current portion	290,481		(201,277		)	11	89,204
Financing obligations, non-current	—		375,254			10	375,254
Long-term portion of recourse debt	358,363		—				358,363
Long-term portion of non-recourse debt	293,593		—				293,593
Long-term portion of recourse debt from related parties	32,168		—				32,168
Long-term portion of non-recourse debt from related parties	34,765		—				34,765
Other long-term liabilities	48,161		(29,724		)	8	18,437
Total liabilities	1,338,825		120,173				1,458,998



	September 30, 2018
	As Previously Reported			Restatement Impacts				As Restated

Redeemable noncontrolling interest	56,446			—				56,446
Stockholders’ deficit:
Common stock	11			—				11
Additional paid-in capital	2,387,361			755			12	2,388,116
Accumulated other comprehensive income	272			—				272
Accumulated deficit	(2,472,619		)	(36,036		)		(2,508,655		)
Total stockholders’ deficit	(84,975		)	(35,281		)		(120,256		)
Noncontrolling interest	134,849			—				134,849
Total liabilities, redeemable noncontrolling interest, stockholders' deficit and noncontrolling interest	$	1,445,145		$	84,892			$	1,530,037

² Inventories — The correction of these misstatements resulted from the change of accounting for inventory, including net capitalization of stock-based compensation costs of $7.2 million, and reclassification of inventories of $4.1 million held for shipments to customers under the Managed Services Program and similar arrangements to construction in progress within property, plant and equipment, net.

³ Deferred cost of revenue, current and non-current — The correction of these misstatements resulted from reclassifying deferred cost of revenue to property, plant and equipment, net for the leased Energy Servers under the Managed Services Agreements and similar sale-leaseback arrangements of $23.8 million (short-term) and $139.2 million (long-term), and net capitalization of stock-based compensation costs of $3.0 million into current deferred cost of revenue.

⁴ Prepaid expenses and other current assets — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements and similar arrangements whereby prepaid property tax and insurance payments are now classified within prepaid expenses, rather than offset against deferred revenue.

⁵ Property, plant and equipment, net — The correction of these misstatements resulted from the change of accounting for Managed Services transactions and similar arrangements, whereby product and install costs of goods sold are now recorded as property, plant and equipment, net in the cases where the risks of ownership have not completely transferred to the financing party of $224.6 million. This includes a net capitalization of stock-based compensation costs for these assets of $2.4 million.

⁶ Other long-term assets — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements and similar arrangements where the timing difference of capacity billings to end customers and the payments received from the financing entity is recorded within long term receivables and where prepaid property tax and insurance payments are now classified within other long-term assets, rather than offset against long-term deferred revenue.

The following tables contain the restatement and recasting of previously reported unaudited condensed consolidated statements of operations for the three-month period ended March 31, 2019, the three- and six-month periods ended June 30, 2019 and the three- and nine-month periods ended September 30, 2019, the restatement of previously reported unaudited condensed consolidated statements of operations for the three- and six-month periods ended June 30, 2018 and the three- and nine-month periods ended September 30, 2018 and the revision of the previously reported unaudited condensed consolidated statement of operations for the three-month period ended March 31, 2018. Reconciliation to the previously reported unaudited condensed consolidated statements of comprehensive loss is not provided, as there is no change to those statements for any period, with the exception of the change to net loss, described in the tables below. Reconciliation to the previously reported unaudited condensed consolidated statements of convertible redeemable preferred stock, redeemable noncontrolling interest, stockholders' deficit and noncontrolling is not provided, as there is no change to those statements for any period, with the exception of the correction of an uncorrected misstatement within additional paid-in capital for $0.8 million in the three months ended September 30, 2018.



	Three Months Ended March 31, 2019
	As Previously Reported			Restatement Impacts				As Restated			ASC 606 Adoption Impacts			As Restated & Recast
Revenue:
Product	$	141,734		$	(48,171	)	a	$	93,563		$	(2,637	)	$	90,926
Installation	22,258			(11,195		)	a	11,063			1,156			12,219
Service	23,290			(574		)	a	22,716			751			23,467
Electricity	13,425			6,964			a	20,389			—			20,389
Total revenue	200,707			(52,976		)		147,731			(730		)	147,001
Cost of revenue:
Product	124,000			(34,980		)	c, d	89,020			(248		)	88,772
Installation	24,166			(8,406		)	c	15,760			—			15,760
Service	27,557			1,331			b, d	28,888			(967		)	27,921
Electricity	9,229			3,755			c	12,984			—			12,984
Total cost of revenue	184,952			(38,300		)		146,652			(1,215		)	145,437
Gross profit	15,755			(14,676		)		1,079			485			1,564
Operating expenses:
Research and development	28,859			—				28,859			—			28,859
Sales and marketing	20,463			2			e	20,465			(92		)	20,373
General and administrative	39,074			—				39,074			—			39,074
Total operating expenses	88,396			2				88,398			(92		)	88,306
Income (loss) from operations	(72,641		)	(14,678		)		(87,319		)	577			(86,742		)
Interest income	1,885			—				1,885			—			1,885
Interest expense	(15,962		)	(5,838		)	f	(21,800		)	—			(21,800		)
Interest expense to related parties	(1,612		)	—				(1,612		)	—			(1,612		)
Other income (expense), net	265			—				265			—			265
Loss on revaluation of warrant liabilities and embedded derivatives	—			(540		)	g	(540		)	—			(540		)
Loss before income taxes	(88,065		)	(21,056		)		(109,121		)	577			(108,544		)
Income tax provision	208			—				208			—			208
Net loss	(88,273		)	(21,056		)		(109,329		)	577			(108,752		)
Net loss attributable to noncontrolling interests and redeemable noncontrolling interests	(3,832		)	—				(3,832		)	—			(3,832		)
Net loss attributable to Class A and Class B common stockholders	$	(84,441	)	$	(21,056	)		$	(105,497	)	$	577		$	(104,920	)

^aRevenue impacted by Managed Services restatements — The correction of these misstatements resulted from the change from upfront recognition of product and installation revenue to recognition of the capacity payments received from the end customer as power is generated by the Energy Servers as electricity revenue over the term of our Managed Services Agreements and similar sale-leaseback arrangements, which also impacted our service revenue allocation.

^bService cost of revenue impacted by grid pricing escalation guarantees — The correction of these misstatements resulted in a change in the accounting for our grid escalation guarantees that resulted in a decrease in service cost of revenue of $0.1 million.

c Cost of revenue impacted by Managed Services restatements — The correction of these misstatements resulted from the change from upfront recognition of product and installation cost of revenue to recognition of the depreciation expense on the capitalized Energy Servers over their useful life of 21 years for our Managed Services Agreements and similar sale-leaseback transactions, resulting in a decrease in product cost of revenue of $37.5 million and installation cost of revenue of $9.2 million, offset by an increase in electricity cost of revenue of $3.7 million, together with the correction of certain other immaterial misstatements identified to record installation cost of revenue of $0.8 million.

^dCost of revenue impacted by stock-based compensation allocation — The correction of these misstatements resulted from the capitalization of stock-based compensation costs, with a net increase to product cost of revenue of $2.5 million and an increase in service cost of revenue of $1.4 million due to the expensing of stock-based compensation related to field replacement units.

^e Sales and marketing and general and administrative expenses — The correction of these misstatements primarily resulted from the change of accounting for sales commission expense on an as earned basis, to accounting for the expense over the term of our Managed Services Agreements and similar sale-leaseback arrangements.

^fInterest expense — The correction of these misstatements resulted from the change of accounting for sales that should have been accounted for as financing transactions, in which the upfront consideration received from the financing party is accounted for as a financing obligation and interest expense is recognized over the term of the Managed Services Agreement using the effective interest method.

^g Gain (loss) on revaluation of warrant liabilities and embedded derivatives — The correction of these misstatements resulted from the change of accounting for the grid pricing escalation guarantees we provided in some of our sales arrangements which is now recorded as a derivative liability that needs to be fair valued each period end. The fair value increased resulting in a loss of $0.5 million.



	Three Months Ended June 30, 2019
	As Previously Reported			Restatement Impacts				As Restated			ASC 606 Adoption Impacts			As Restated & Recast
Revenue:
Product	$	179,899		$	(22,757	)	a	$	157,142		$	(13,061	)	$	144,081
Installation	17,285			(5,900		)	a	11,385			1,691			13,076
Service	23,659			(586		)	a	23,073			(47		)	23,026
Electricity	12,939			7,204			a	20,143			—			20,143
Total revenue	233,782			(22,039		)		211,743			(11,417		)	200,326
Cost of revenue:
Product	131,952			(19,005		)	c, d	112,947			281			113,228
Installation	22,116			(4,431		)	c	17,685			—			17,685
Service	19,599			920			b, d	20,519			(1,756		)	18,763
Electricity	18,442			3,858			c	22,300			—			22,300
Total cost of revenue	192,109			(18,658		)		173,451			(1,475		)	171,976
Gross profit	41,673			(3,381		)		38,292			(9,942		)	28,350
Operating expenses:
Research and development	29,772			—				29,772			—			29,772
Sales and marketing	18,359			17			e	18,376			(182		)	18,194
General and administrative	43,662			—				43,662			—			43,662
Total operating expenses	91,793			17				91,810			(182		)	91,628
Loss from operations	(50,120		)	(3,398		)		(53,518		)	(9,760		)	(63,278		)
Interest income	1,700			—				1,700			—			1,700
Interest expense	(16,725		)	(5,997		)	f	(22,722		)	—			(22,722		)
Interest expense to related parties	(1,606		)	—				(1,606		)	—			(1,606		)
Other income (expense), net	(222		)	—				(222		)	—			(222		)
Loss on revaluation of warrant liabilities and embedded derivatives	—			(540		)	g	(540		)	—			(540		)
Loss before income taxes	(66,973		)	(9,935		)		(76,908		)	(9,760		)	(86,668		)
Income tax provision	258			—				258			—			258
Net loss	(67,231		)	(9,935		)		(77,166		)	(9,760		)	(86,926		)
Net loss attributable to noncontrolling interests and redeemable noncontrolling interests	(5,015		)	—				(5,015		)	—			(5,015		)
Net loss attributable to Class A and Class B common stockholders	$	(62,216	)	$	(9,935	)		$	(72,151	)	$	(9,760	)	$	(81,911	)

^bService cost of revenue impacted by grid pricing escalation guarantees — The correction of these misstatements resulted in a change in accounting for our grid escalation guarantees that resulted in a decrease in service cost of revenue of $0.1 million.

c Cost of revenue impacted by Managed Services restatements — The correction of these misstatements resulted from the change from upfront recognition of product and installation cost of revenue to recognition of the depreciation expense on the capitalized Energy Servers over their useful life of 21 years for our Managed Services Agreements and similar sale-leaseback transactions, resulting in a decrease in product cost of revenue of $18.1 million and installation cost of revenue of $5.2 million, offset by an increase in electricity cost of revenue of $3.8 million, together with the correction of certain other immaterial misstatements identified to record installation cost of revenue of $0.8 million.

^dCost of revenue impacted by stock-based compensation allocation — The correction of these misstatements resulted from the capitalization of stock-based compensation costs, with a net benefit to product cost of revenue of $0.9 million and an increase in service cost of revenue of $1.0 million due to the expensing of stock-based compensation related to field replacement units.



	Three Months Ended September 30, 2019
	As Previously Reported			Restatement Impacts				As Restated			ASC 606 Adoption Impacts			As Restated & Recast
Revenue:
Product	$	182,616		$	(1,292	)	a	$	181,324		$	(17,422	)	$	163,902
Installation	19,010			(460		)	a	18,550			2,552			21,102
Service	23,597			(779		)	a	22,818			847			23,665
Electricity	8,248			7,390			a	15,638			—			15,638
Total revenue	233,471			4,859				238,330			(14,023		)	224,307
Cost of revenue:
Product	94,056			(2,085		)	c, d	91,971			(274		)	91,697
Installation	26,162			(21		)	c	26,141			—			26,141
Service	36,539			2,073			b, d	38,612			(2,185		)	36,427
Electricity	23,249			4,068			c	27,317			—			27,317
Total cost of revenue	180,006			4,035				184,041			(2,459		)	181,582
Gross profit	53,465			824				54,289			(11,564		)	42,725
Operating expenses:
Research and development	23,389			—				23,389			—			23,389
Sales and marketing	18,125			43			e	18,168			(519		)	17,649
General and administrative	36,599			—				36,599			—			36,599
Total operating expenses	78,113			43				78,156			(519		)	77,637
Income (loss) from operations	(24,648		)	781				(23,867		)	(11,045		)	(34,912		)
Interest income	1,214			—				1,214			—			1,214
Interest expense	(15,280		)	(6,043		)	f	(21,323		)	—			(21,323		)
Interest expense to related parties	(1,605		)	—				(1,605		)	—			(1,605		)
Other income, net	525			—				525			—			525
Loss on revaluation of warrant liabilities and embedded derivatives	—			(540		)	g	(540		)	—			(540		)
Loss before income taxes	(39,794		)	(5,802		)		(45,596		)	(11,045		)	(56,641		)
Income tax provision	136			—				136			—			136
Net loss	(39,930		)	(5,802		)		(45,732		)	(11,045		)	(56,777		)
Net loss attributable to noncontrolling interests and redeemable noncontrolling interests	(5,027		)	—				(5,027		)	—			(5,027		)
Net loss attributable to Class A and Class B common stockholders	$	(34,903	)	$	(5,802	)		$	(40,705	)	$	(11,045	)	$	(51,750	)

c Cost of revenue impacted by Managed Services restatements — The correction of these misstatements resulted from the change from upfront recognition of product and installation cost of revenue to recognition of the depreciation expense on the capitalized Energy Servers over their useful life of 21 years for our Managed Services Agreements and similar sale-leaseback transactions, resulting in a decrease in product cost of revenue of $1.1 million, a decrease of installation cost of revenue of $0.6 million, offset by an increase in electricity cost of revenue of $4.0 million together with the correction of certain other immaterial misstatements identified to record installation cost of revenue of $0.6 million.

^dCost of revenue impacted by stock-based compensation allocation — The correction of these misstatements resulted from the capitalization of stock-based compensation costs, with a net benefit to product cost of revenue of $1.0 million and an increase in service cost of revenue of $2.2 million due to the expensing of stock-based compensation related to field replacement units.



	Six Months Ended June 30, 2019
	As Previously Reported			Restatement Impacts				As Restated			ASC 606 Adoption Impacts			As Restated & Recast
Revenue:
Product	$	321,633		$	(70,928	)	a	$	250,705		$	(15,698	)	$	235,007
Installation	39,543			(17,095		)	a	22,448			2,847			25,295
Service	46,949			(1,160		)	a	45,789			704			46,493
Electricity	26,364			14,168			a	40,532			—			40,532
Total revenue	434,489			(75,015		)		359,474			(12,147		)	347,327
Cost of revenue:
Product	255,952			(53,985		)	c, d	201,967			33			202,000
Installation	46,282			(12,837		)	c	33,445			—			33,445
Service	47,156			2,251			b, d	49,407			(2,723		)	46,684
Electricity	27,671			7,613			c	35,284			—			35,284
Total cost of revenue	377,061			(56,958		)		320,103			(2,690		)	317,413
Gross profit	57,428			(18,057		)		39,371			(9,457		)	29,914
Operating expenses:
Research and development	58,631			—				58,631			—			58,631
Sales and marketing	38,822			19			e	38,841			(274		)	38,567
General and administrative	82,736			—				82,736			—			82,736
Total operating expenses	180,189			19				180,208			(274		)	179,934
Loss from operations	(122,761		)	(18,076		)		(140,837		)	(9,183		)	(150,020		)
Interest income	3,585			—				3,585			—			3,585
Interest expense	(32,687		)	(11,835		)	f	(44,522		)	—			(44,522		)
Interest expense to related parties	(3,218		)	—				(3,218		)	—			(3,218		)
Other income, net	43			—				43			—			43
Loss on revaluation of warrant liabilities and embedded derivatives	—			(1,080		)	g	(1,080		)	—			(1,080		)
Loss before income taxes	(155,038		)	(30,991		)		(186,029		)	(9,183		)	(195,212		)
Income tax provision	466			—				466			—			466
Net loss	(155,504		)	(30,991		)		(186,495		)	(9,183		)	(195,678		)
Net loss attributable to noncontrolling interests and redeemable noncontrolling interests	(8,847		)	—				(8,847		)	—			(8,847		)
Net loss attributable to Class A and Class B common stockholders	$	(146,657	)	$	(30,991	)		$	(177,648	)	$	(9,183	)	$	(186,831	)

c Cost of revenue impacted by Managed Services restatements — The correction of these misstatements resulted from the change from upfront recognition of product and installation cost of revenue to recognition of the depreciation expense on the capitalized Energy Servers over their useful life of 21 years for our Managed Services Agreements and similar sale-leaseback transactions, resulting in a decrease in product cost of revenue of $55.6 million and installation cost of revenue of $14.4 million, offset by an increase in electricity cost of revenue of $7.5 million, together with the correction of certain other immaterial misstatements identified to record installation cost of revenue of $1.6 million.

^dCost of revenue impacted by stock-based compensation allocation — The correction of these misstatements resulted from the capitalization of stock-based compensation costs, with a net increase to product cost of revenue of $1.6 million, and an increase in service cost of revenue of $2.4 million due to the expensing of stock-based compensation related to field replacement units.



	Nine Months Ended September 30, 2019
	As Previously Reported			Restatement Impacts				As Restated			ASC 606 Adoption Impacts			As Restated & Recast
Revenue:
Product	$	504,249		$	(72,220	)	a	$	432,029		$	(33,120	)	$	398,909
Installation	58,553			(17,555		)	a	40,998			5,399			46,397
Service	70,546			(1,939		)	a	68,607			1,551			70,158
Electricity	34,612			21,558			a	56,170			—			56,170
Total revenue	667,960			(70,156		)		597,804			(26,170		)	571,634
Cost of revenue:
Product	350,008			(56,070		)	c, d	293,938			(241		)	293,697
Installation	72,444			(12,858		)	c	59,586			—			59,586
Service	83,695			4,324			b, d	88,019			(4,908		)	83,111
Electricity	50,920			11,681			c	62,601			—			62,601
Total cost of revenue	557,067			(52,923		)		504,144			(5,149		)	498,995
Gross profit	110,893			(17,233		)		93,660			(21,021		)	72,639
Operating expenses:
Research and development	82,020			—				82,020			—			82,020
Sales and marketing	56,947			62			e	57,009			(793		)	56,216
General and administrative	119,335			—				119,335			—			119,335
Total operating expenses	258,302			62				258,364			(793		)	257,571
Loss from operations	(147,409		)	(17,295		)		(164,704		)	(20,228		)	(184,932		)
Interest income	4,799			—				4,799			—			4,799
Interest expense	(47,967		)	(17,878		)	f	(65,845		)	—			(65,845		)
Interest expense to related parties	(4,823		)	—				(4,823		)	—			(4,823		)
Other income, net	568			—				568			—			568
Loss on revaluation of warrant liabilities and embedded derivatives	—			(1,620		)	g	(1,620		)	—			(1,620		)
Loss before income taxes	(194,832		)	(36,793		)		(231,625		)	(20,228		)	(251,853		)
Income tax provision	602			—				602			—			602
Net loss	(195,434		)	(36,793		)		(232,227		)	(20,228		)	(252,455		)
Net loss attributable to noncontrolling interests and redeemable noncontrolling interests	(13,874		)	—				(13,874		)	—			(13,874		)
Net loss attributable to Class A and Class B common stockholders	$	(181,560	)	$	(36,793	)		$	(218,353	)	$	(20,228	)	$	(238,581	)

c Cost of revenue impacted by Managed Services restatements — The correction of these misstatements resulted from the change from upfront recognition of product and installation cost of revenue to recognition of the depreciation expense on the capitalized Energy Servers over their useful life of 21 years for our Managed Services Agreements and similar sale-leaseback transactions, resulting in a decrease in product cost of revenue of $56.7 million and installation cost of revenue of $15.0 million, offset by an increase in electricity cost of revenue of $11.6 million, together with the correction of certain other immaterial misstatements identified to record installation cost of revenue of $2.1 million

^dCost of revenue impacted by stock-based compensation allocation — The correction of these misstatements resulted from the capitalization of stock-based compensation costs, with a net increase to product cost of revenue of $0.6 million and an increase in service cost of revenue of $4.6 million due to the expensing of stock-based compensation related to field replacement units.



	Three Months Ended March 31, 2018
	As Previously Reported			Revision Impacts				As Revised
Revenue:
Product	$	121,307		$	(5,536	)	a	$	115,771
Installation	14,118			(1,323		)	a	12,795
Service	19,907			227			a	20,134
Electricity	14,029			5,853			a	19,882
Total revenue	169,361			(779		)		168,582
Cost of revenue:
Product	80,355			(3,890		)	c, d	76,465
Installation	10,438			(1,240		)	c	9,198
Service	24,253			446			d	24,699
Electricity	10,649			3,136			c	13,785
Total cost of revenue	125,695			(1,548		)		124,147
Gross profit	43,666			769				44,435
Operating expenses:
Research and development	14,731			—				14,731
Sales and marketing	8,262			31			e	8,293
General and administrative	14,988			—				14,988
Total operating expenses	37,981			31				38,012
Income from operations	5,685			738				6,423
Interest income	415			—				415
Interest expense	(21,379		)	(4,613		)	f	(25,992		)
Interest expense to related parties	(2,627		)	—				(2,627		)
Other expense, net	(75		)	—				(75		)
Loss on revaluation of warrant liabilities and embedded derivatives	(4,034		)	—				(4,034		)
Loss before income taxes	(22,015		)	(3,875		)		(25,890		)
Income tax provision	333			—				333
Net loss	(22,348		)	(3,875		)		(26,223		)
Net loss attributable to noncontrolling interests and redeemable noncontrolling interests	(4,632		)	—				(4,632		)
Net loss attributable to Class A and Class B common stockholders	$	(17,716	)	$	(3,875	)		$	(21,591	)

b Not used.

c Cost of revenue impacted by Managed Services restatements — The correction of these misstatements resulted from the change from upfront recognition of product and installation cost of revenue to recognition of the depreciation expense on the capitalized Energy Servers over their useful life of 21 years for our Managed Services Agreements and similar sale-leaseback transactions, resulting in a decrease in product cost of revenue of $3.6 million and installation cost of revenue of $1.2 million, offset by an increase in electricity cost of revenue of $3.1 million.

^dCost of revenue impacted by stock-based compensation allocation — The correction of these misstatements resulted from the capitalization of stock-based compensation costs, with a net benefit to product cost of revenue of $0.3 million and an increase in service cost of revenue of $0.4 million due to the expensing of stock-based compensation related to field replacement units.



	Three Months Ended June 30, 2018
	As Previously Reported			Restatement Impacts				As Restated
Revenue:
Product	$	108,654		$	(30,157	)	a	$	78,497
Installation	26,245			(6,602		)	a	19,643
Service	19,975			324			a	20,299
Electricity	14,007			5,856			a	19,863
Total revenue	168,881			(30,579		)		138,302
Cost of revenue:
Product	70,802			(21,199		)	c, d	49,603
Installation	37,099			(7,148		)	c	29,951
Service	19,260			442			d	19,702
Electricity	8,949			3,113			c	12,062
Total cost of revenue	136,110			(24,792		)		111,318
Gross profit	32,771			(5,787		)		26,984
Operating expenses:
Research and development	14,413			—				14,413
Sales and marketing	8,254			(87		)	e	8,167
General and administrative	15,359			—				15,359
Total operating expenses	38,026			(87		)		37,939
Loss from operations	(5,255		)	(5,700		)		(10,955		)
Interest income	444			—				444
Interest expense	(22,525		)	(4,622		)	f	(27,147		)
Interest expense to related parties	(2,672		)	—				(2,672		)
Other expense, net	(855		)	—				(855		)
Loss on revaluation of warrant liabilities and embedded derivatives	(19,197		)	—				(19,197		)
Loss before income taxes	(50,060		)	(10,322		)		(60,382		)
Income tax provision	128			—				128
Net loss	(50,188		)	(10,322		)		(60,510		)
Net loss attributable to noncontrolling interests and redeemable noncontrolling interests	(4,512		)	—				(4,512		)
Net loss attributable to Class A and Class B common stockholders	$	(45,676	)	$	(10,322	)		$	(55,998	)

b Not used.

c Cost of revenue impacted by Managed Services restatements — The correction of these misstatements resulted from the change from upfront recognition of product and installation costs of revenue to recognition of the depreciation expense on the capitalized Energy Servers over their useful life of 21 years for our Managed Services Agreements and similar sale-leaseback transactions, resulting in a decrease in product cost of revenue of $20.3 million and installation cost of revenue of $7.1 million, offset by an increase in electricity cost of revenue of $3.1 million.

^dCost of revenue impacted by stock-based compensation allocation — The correction of these misstatements resulted from the capitalization of stock-based compensation costs, with a net benefit to product cost of revenue of $0.9 million and an increase in service cost of revenue of $0.4 million due to the expensing of stock-based compensation related to field replacement units.



	Three Months Ended September 30, 2018
	As Previously Reported			Restatement Impacts				As Restated
Revenue:
Product	$	125,690		$	(23,257	)	a	$	102,433
Installation	29,690			(4,999		)	a	24,691
Service	20,751			305			a	21,056
Electricity	14,059			6,380			a	20,439
Total revenue	190,190			(21,571		)		168,619
Cost of revenue:
Product	95,357			(26,304		)	c, d	69,053
Installation	40,118			(4,612		)	c	35,506
Service	22,651			1,819			d	24,470
Electricity	8,679			3,501			c	12,180
Total cost of revenue	166,805			(25,596		)		141,209
Gross profit	23,385			4,025				27,410
Operating expenses:
Research and development	27,021			—				27,021
Sales and marketing	21,476			(80		)	e	21,396
General and administrative	40,999			—				40,999
Total operating expenses	89,496			(80		)		89,416
Loss from operations	(66,111		)	4,105				(62,006		)
Interest income	1,467			—				1,467
Interest expense	(16,853		)	(5,272		)	f	(22,125		)
Interest expense to related parties	(1,966		)	—				(1,966		)
Other expense, net	(705		)	—				(705		)
Loss on revaluation of warrant liabilities and embedded derivatives	1,655			(755		)	g	900
Loss before income taxes	(82,513		)	(1,922		)		(84,435		)
Income tax provision	(3		)	—				(3		)
Net loss	(82,510		)	(1,922		)		(84,432		)
Net loss attributable to noncontrolling interests and redeemable noncontrolling interests	(3,930		)	—				(3,930		)
Net loss attributable to Class A and Class B common stockholders	$	(78,580	)	$	(1,922	)		$	(80,502	)

b Not used.

c Cost of revenue impacted by Managed Services restatements — The correction of these misstatements resulted from the change from upfront recognition of product and installation cost of revenue to recognition of the depreciation expense on the capitalized Energy Servers over their useful life of 21 years for our Managed Services Agreements and similar sale-leaseback transactions, resulting in a decrease in product cost of revenue of $14.0 million and installation cost of revenue of $4.6 million, offset by an increase in electricity cost of revenue of $3.5 million.

^dCost of revenue impacted by stock-based compensation allocation — The correction of these misstatements resulted from the capitalization of stock-based compensation costs, with a net benefit to product cost of revenue of $12.3 million and an increase in service cost revenue of $1.8 million due to the expensing of stock-based compensation related to field replacement units.

g Gain (loss) on revaluation of warrant liabilities and embedded derivatives — The correction of these misstatements resulted from the correction of a misstatement in the valuation of our 6% Notes derivative, resulting in $0.8 million of additional loss in the period.



	Three Months Ended December 31, 2018
	As Previously Reported			Restatement Impacts				As Restated
Revenue:
Product	$	156,671		$	(52,734	)	a	$	103,937
Installation	21,363			(10,297		)	a	11,066
Service	21,752			26			a	21,778
Electricity	13,820			6,544			a	20,364
Total revenue	213,606			(56,461		)		157,145
Cost of revenue:
Product	128,076			(41,922		)	c, d	86,154
Installation	31,819			(11,168		)	c	20,651
Service	28,475			3,343			b, d	31,818
Electricity	7,988			3,613			c	11,601
Total cost of revenue	196,358			(46,134		)		150,224
Gross profit	17,248			(10,327		)		6,921
Operating expenses:
Research and development	32,970			—				32,970
Sales and marketing	24,983			(32		)	e	24,951
General and administrative	47,471			—			e	47,471
Total operating expenses	105,424			(32		)		105,392
Loss from operations	(88,176		)	(10,295		)		(98,471		)
Interest income	1,996			—				1,996
Interest expense	(16,178		)	(5,579		)	f	(21,757		)
Interest expense to related parties	(1,628		)	—				(1,628		)
Other expense, net	636			—				636
Gain (loss) on revaluation of warrant liabilities and embedded derivatives	(14		)	206			g	192
Loss before income taxes	(103,364		)	(15,668		)		(119,032		)
Income tax provision	1,079			—				1,079
Net loss	(104,443		)	(15,668		)		(120,111		)
Net loss attributable to noncontrolling interests and redeemable noncontrolling interests	(4,662		)	—				(4,662		)
Net loss attributable to Class A and Class B common stockholders	$	(99,781	)	$	(15,668	)		$	(115,449	)

b Service cost of revenue impacted by grid pricing escalation guarantees — The correction of these misstatements resulted in a change in accounting for our grid escalation guarantees that resulted in a decrease of service cost of revenue of $0.5 million.

c Cost of revenue impacted by Managed Services restatements — The correction of these misstatements resulted from the change from upfront recognition of product and installation cost of revenue to recognition of the depreciation expense on the capitalized Energy Servers over their useful life of 21 years for our Managed Services Agreements and similar sale-leaseback transactions, resulting in a decrease in product cost of revenue of $37.1 million and installation cost of revenue of $12.1 million, offset by an increase in electricity cost of revenue $3.6 million, together with the correction of certain other immaterial misstatements identified to record installation cost of revenue of $0.9 million.

^dCost of revenue impacted by stock-based compensation allocation — The correction of these misstatements resulted from the capitalization of stock-based compensation costs, with a net benefit to product cost of revenue of $4.8 million and an increase in service cost of $3.8 million due to the expensing of stock-based compensation related to field replacement units.

^g Gain (loss) on revaluation of warrant liabilities and embedded derivatives —The correction of these misstatements resulted from the change of accounting for the grid pricing escalation guarantees we provided in some of our sales arrangements which is now recorded as a derivative liability that needs to be fair valued each period end. The fair value of the liability decreased resulting in a gain of $0.2 million.



	Six Months Ended June 30, 2018
	As Previously Reported			Restatement Impacts				As Restated
Revenue:
Product	$	229,961		$	(35,693	)	a	$	194,268
Installation	40,363			(7,925		)	a	32,438
Service	39,882			551			a	40,433
Electricity	28,036			11,709			a	39,745
Total revenue	338,242			(31,358		)		306,884
Cost of revenue:
Product	151,157			(25,089		)	c, d	126,068
Installation	47,537			(8,388		)	c	39,149
Service	43,513			888			d	44,401
Electricity	19,598			6,249			c	25,847
Total cost of revenue	261,805			(26,340		)		235,465
Gross profit	76,437			(5,018		)		71,419
Operating expenses:
Research and development	29,144			—				29,144
Sales and marketing	16,516			(56		)	e	16,460
General and administrative	30,347			—				30,347
Total operating expenses	76,007			(56		)		75,951
Loss from operations	430			(4,962		)		(4,532		)
Interest income	859			—				859
Interest expense	(43,904		)	(9,235		)	f	(53,139		)
Interest expense to related parties	(5,299		)	—				(5,299		)
Other expense, net	(930		)	—				(930		)
Loss on revaluation of warrant liabilities and embedded derivatives	(23,231		)	—				(23,231		)
Loss before income taxes	(72,075		)	(14,197		)		(86,272		)
Income tax provision	461			—				461
Net loss	(72,536		)	(14,197		)		(86,733		)
Net loss attributable to noncontrolling interests and redeemable noncontrolling interests	(9,144		)	—				(9,144		)
Net loss attributable to Class A and Class B common stockholders	$	(63,392	)	$	(14,197	)		$	(77,589	)

b .Not used.

c Cost of revenue impacted by Managed Services restatements — The correction of these misstatements resulted from the change from upfront recognition of product and installation cost of revenue to recognition of the depreciation expense on the capitalized Energy Servers over their useful life of 21 years for our Managed Services Agreements and similar sale-leaseback transactions, resulting in decreases in product cost of revenue of $23.9 million and installation cost of revenue of $8.4 million, offset by an increase in electricity cost of revenue of $6.2 million.

^dCost of revenue impacted by stock-based compensation allocation — The correction of these misstatements resulted from the capitalization of stock-based compensation costs, with a net benefit to product cost of revenue of $1.2 million and an increase in service cost of revenue of $0.9 million due to the expensing of stock-based compensation related to field replacement units.



	Nine Months Ended September 30, 2018
	As Previously Reported			Restatement Impacts				As Restated
Revenue:
Product	$	355,651		$	(58,950	)	a	$	296,701
Installation	70,053			(12,924		)	a	57,129
Service	60,633			856			a	61,489
Electricity	42,095			18,089			a	60,184
Total revenue	528,432			(52,929		)		475,503
Cost of revenue:
Product	246,514			(51,393		)	c, d	195,121
Installation	87,655			(13,000		)	c	74,655
Service	66,164			2,707			d	68,871
Electricity	28,277			9,750			c	38,027
Total cost of revenue	428,610			(51,936		)		376,674
Gross profit	99,822			(993		)		98,829
Operating expenses:
Research and development	56,165			—				56,165
Sales and marketing	37,992			(136		)	e	37,856
General and administrative	71,346			—			e	71,346
Total operating expenses	165,503			(136		)		165,367
Loss from operations	(65,681		)	(857		)		(66,538		)
Interest income	2,326			—				2,326
Interest expense	(60,757		)	(14,507		)	f	(75,264		)
Interest expense to related parties	(7,265		)	—				(7,265		)
Other expense, net	(1,635		)	—				(1,635		)
Loss on revaluation of warrant liabilities and embedded derivatives	(21,576		)	(755		)	g	(22,331		)
Loss before income taxes	(154,588		)	(16,119		)		(170,707		)
Income tax provision	458			—				458
Net loss	(155,046		)	(16,119		)		(171,165		)
Net loss attributable to noncontrolling interests and redeemable noncontrolling interests	(13,074		)	—				(13,074		)
Net loss attributable to Class A and Class B common stockholders	$	(141,972	)	$	(16,119	)		$	(158,091	)

b Not used.

c Cost of revenue impacted by Managed Services restatements — The correction of these misstatements resulted from the change from upfront recognition of product and installation cost of revenue to recognition of the depreciation expense on the capitalized Energy Servers over their useful life of 21 years for our Managed Services Agreements and similar sale-leaseback transactions, resulting in a decrease in product cost of revenue of $37.9 million and installation cost of revenue of $13.0 million, offset by an increase in electricity cost of revenue of $9.7 million.

^dCost of revenue impacted by stock-based compensation allocation — The correction of these misstatements resulted from the capitalization of stock-based compensation costs, with a net benefit to product cost of revenue of $13.5 million and an increase in service cost of revenue of $2.7 million due to the expensing of stock-based compensation related to field replacement units.

The following tables contain the restatement and recasting of previously reported unaudited condensed consolidated statements of cash flows for the three-month period ended March 31, 2019, the six-month periods ended June 30, 2019 and the nine-month period ended September 30, 2019, the restatement of previously reported unaudited condensed consolidated statements of cash flows for the six-month period ended June 30, 2018 and the nine-month period ended September 30, 2018 and the revision of the previously reported unaudited condensed consolidated statement of cash flows for the three-month period ended March 31, 2018.



	Three Months Ended March 31, 2019
	As Previously Reported			Restatement Impacts				As Restated			ASC 606 Adoption Impacts			As Restated & Recast
Cash flows from operating activities:
Net loss	$	(88,273	)	$	(21,056	)		$	(109,329	)	$	577		$	(108,752	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	11,271			2,954			A	14,225			—			14,225
Write-off of property, plant and equipment, net	1			—				1			—			1
Revaluation of derivative contracts	(453		)	540			B	87			—			87
Stock-based compensation	63,882			3,940			C	67,822			—			67,822
Loss on long-term REC purchase contract	59			—				59			—			59
Amortization of debt issuance cost	5,152			—				5,152			—			5,152
Changes in operating assets and liabilities:
Accounts receivable	816			(98		)	D	718			3,413			4,131
Inventories	15,932			(4,845		)	E	11,087			—			11,087
Deferred cost of revenue	26,014			(37,098		)	F	(11,084		)	—			(11,084		)
Customer financing receivable and other	1,339			—				1,339			—			1,339
Prepaid expenses and other current assets	5,194			1,423			G	6,617			11			6,628
Other long-term assets	83			(396		)	H	(313		)	(103		)	(416		)
Accounts payable	(2,464		)	—				(2,464		)	—			(2,464		)
Accrued warranty	(2,500		)	50			I	(2,450		)	(247		)	(2,697		)
Accrued expenses and other current liabilities	823			(1,196		)	J	(373		)	—			(373		)
Deferred revenue and customer deposits	(44,533		)	49,428			K	4,895			(3,651		)	1,244
Other long-term liabilities	3,487			679			L	4,166			—			4,166
Net cash used in operating activities	(4,170		)	(5,675		)		(9,845		)	—			(9,845		)
Cash flows from investing activities:
Purchase of property, plant and equipment	(8,543		)	(3,403		)	M	(11,946		)	—			(11,946		)
Payments for acquisition of intangible assets	(848		)	—				(848		)	—			(848		)
Proceeds from maturity of marketable securities	104,500			—				104,500			—			104,500
Net cash provided by investing activities	95,109			(3,403		)		91,706			—			91,706
Cash flows from financing activities:
Repayment of debt	(5,016		)	—				(5,016		)	—			(5,016		)
Repayment of debt to related parties	(778		)	—				(778		)	—			(778		)
Proceeds from financing obligations	—			10,961			N	10,961			—			10,961
Repayment of financing obligations	—			(1,883		)	N	(1,883		)	—			(1,883		)
Distributions to noncontrolling and redeemable noncontrolling interests	(3,189		)	—				(3,189		)	—			(3,189		)
Proceeds from issuance of common stock	7,493			—				7,493			—			7,493



	Three Months Ended March 31, 2019
	As Previously Reported			Restatement Impacts			As Restated		ASC 606 Adoption Impacts		As Restated & Recast
Net cash provided by (used in) financing activities	(1,490		)	9,078			7,588		—		7,588
Net increase in cash, cash equivalents, and restricted cash	89,449			—			89,449		—		89,449
Cash, cash equivalents, and restricted cash:
Beginning of period	280,485			—			280,485		—		280,485
End of period	$	369,934		$	—		$	369,934	$	—	$	369,934

Supplemental disclosure of cash flow information:
Cash paid during the period for interest	$	14,545		$	5,838	N	$	20,383	$	—	$	20,383
Cash paid during the period for taxes	222			—			222		—		222

^A Depreciation and amortization — The correction of these misstatements resulted from the change of accounting for Energy Servers under the Managed Services Program and similar arrangements that would have been product and install cost of revenue, but are now recorded as property, plant and equipment, net and depreciated over their useful lives of 21 years.

^BRevaluation of derivative contracts — The correction of these misstatements resulted from the change of accounting for the grid pricing escalation guarantees we provided in some of our sales arrangements. These commitments were previously treated as a contingent liability that was considered remote. We now consider the commitments a derivative liability, with the initial value of recorded as a reduction in product revenue and then any changes in the value adjusted through other expense, net each period thereafter.

^CStock-based compensation — The correction of these misstatements resulted from the change of accounting for stock-based compensation, including net capitalization of stock-based compensation cost into inventory of $4.4 million. The correction of this misstatement also resulted in the capitalization of $0.5 million of stock-based compensation costs related to assets under the Managed Services Programs now recorded as construction in progress within property, plant and equipment, net.

^DAccounts receivable — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements, for which the amount recorded to accounts receivable represents amounts invoiced for capacity billings to end customers which have not yet been collected by the financing entity as of the period end.

^EInventories — The correction of these misstatements resulted from the change of accounting for inventories held for shipments planned to customers under the Managed Services Program and similar arrangements now accounted for as construction in progress within property, plant and equipment, net.

^F Deferred cost of revenue, current and non-current — The correction of these misstatements resulted from the cumulative net change of accounting moving deferred cost of revenue to property, plant and equipment, net for the leased Energy Servers under the Managed Services Agreements and similar sale-leaseback arrangements of $37.2 million, and the net capitalization of stock-based compensation expenses of $0.1 million.

^GPrepaid expenses and other current assets — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements and similar arrangements where prepaid property tax and insurance payments are now classified within prepaid expenses.

^H Other long-term assets — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements and similar arrangements where the timing difference of capacity billings to end customers and the payments received from the financing entity is recorded within long term receivables and whereby prepaid property tax and insurance payments are now classified within other long-term assets, rather than offset against long-term deferred revenue.

^IAccrued warranty — The correction of these misstatements resulted from the change of accounting for accrued warranty which is now recorded on an as-incurred basis on our Managed Services Agreements and similar arrangements. The correction of these misstatements resulted from the change of accounting for the grid pricing escalation guarantees we provided in some of our sales arrangements. These commitments were previously treated as a contingent liability that was considered remote and therefore, no accrual was made. We now have a $0.1 million accrual, with the initial value of treated as a reduction in product revenue and then any changes in the value adjusted through other expense, net each period thereafter.

^JAccrued expense and other current liabilities and other long-term liabilities — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements and similar arrangements whereby instead of recognizing the bank financing as revenue, the bank financing loan proceeds received and due are classified as a lease loan liability.

^KDeferred revenue and customer deposits, current and non-current — The correction of these misstatements resulted from the change of accounting for the recognition of product and installation revenue from upfront or ratable recognition to the recognition of the capacity payments received from the end customer as power is generated by the Energy Servers as electricity revenue.

^L Other long-term liabilities — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements and similar arrangements whereby instead of recognizing the bank financing as revenue, the bank financing loan proceeds received and due beyond the next twelve months are classified as a lease loan liability.

^MPurchase of property, plant and equipment — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements and similar arrangements, whereby costs previously recognized as product and installation cost of revenue are now recorded as property, plant and equipment, net in the cases where the risks of ownership have not completely transferred to the financing party.

^NProceeds and repayments from financing obligations — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements and similar arrangements where instead of recognizing the upfront proceeds received from the bank as revenue, the proceeds received and due are classified as proceeds from financing obligations and the capacity payments received from the end customer are classified as repayment of financing obligations and interest paid.



	Six Months Ended June 30, 2019
	As Previously Reported			Restatement Impacts				As Restated			ASC 606 Adoption Impacts			As Restated & Recast
Cash flows from operating activities:
Net loss	$	(155,504	)	$	(30,991	)		$	(186,495	)	$	(9,183	)	$	(195,678	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	31,023			6,011			A	37,034			—			37,034
Write-off of property, plant and equipment, net	2,704			—				2,704			—			2,704
Write-off of PPA II and PPA IIIb decommissioned assets	25,613			—				25,613			—			25,613
Debt make-whole expense	5,934			—				5,934			—			5,934
Revaluation of derivative contracts	555			1,081			B	1,636			—			1,636
Stock-based compensation	115,100			4,086			C	119,186			—			119,186
Loss on long-term REC purchase contract	60			—				60			—			60
Amortization of debt issuance cost	11,255			—				11,255			—			11,255
Changes in operating assets and liabilities:
Accounts receivable	46,591			(274		)	D	46,317			3,424			49,741
Inventories	27,542			(5,345		)	E	22,197			—			22,197
Deferred cost of revenue	19,198			(57,991		)	F	(38,793		)	—			(38,793		)
Customer financing receivable and other	2,713			—				2,713			—			2,713
Prepaid expenses and other current assets	8,477			1,752			G	10,229			(2		)	10,227
Other long-term assets	1,028			(1,029		)	H	(1		)	(271		)	(272		)
Accounts payable	(5,461		)	—				(5,461		)	—			(5,461		)
Accrued warranty	(6,843		)	114			I	(6,729		)	33			(6,696		)
Accrued expenses and other current liabilities	7,213			(1,632		)	J	5,581			—			5,581
Deferred revenue and customer deposits	(25,411		)	71,325			K	45,914			5,999			51,913
Other long-term liabilities	3,419			1,303			L	4,722			—			4,722
Net cash provided by operating activities	115,206			(11,590		)		103,616			—			103,616
Cash flows from investing activities:
Purchase of property, plant and equipment	(18,882		)	(4,737		)	M	(23,619		)	—			(23,619		)
Payments for acquisition of intangible assets	(970		)	—				(970		)	—			(970		)
Proceeds from maturity of marketable securities	104,500			—				104,500			—			104,500
Net cash provided by investing activities	84,648			(4,737		)		79,911			—			79,911
Cash flows from financing activities:
Repayment of debt	(83,997		)	—				(83,997		)	—			(83,997		)
Repayment of debt to related parties	(1,220		)	—				(1,220		)	—			(1,220		)
Debt make-whole payment	(5,934		)	—				(5,934		)	—			(5,934		)
Proceeds from financing obligations	—			20,333			N	20,333			—			20,333
Repayment of financing obligations	—			(4,006		)	N	(4,006		)	—			(4,006		)
Payments to noncontrolling and redeemable noncontrolling interests	(18,690		)	—				(18,690		)	—			(18,690		)
Distributions to noncontrolling and redeemable noncontrolling interests	(7,753		)	—				(7,753		)	—			(7,753		)
Proceeds from issuance of common stock	8,321			—				8,321			—			8,321
Net cash used in financing activities	(109,273		)	16,327				(92,946		)	—			(92,946		)
Net increase in cash, cash equivalents, and restricted cash	90,581			—				90,581			—			90,581



	Six Months Ended June 30, 2019
	As Previously Reported		Restatement Impacts			As Restated		ASC 606 Adoption Impacts		As Restated & Recast
Cash, cash equivalents, and restricted cash:
Beginning of period	280,485		—			280,485		—		280,485
End of period	$	371,066	$	—		$	371,066	$	—	$	371,066

Supplemental disclosure of cash flow information:
Cash paid during the period for interest	$	23,867	$	11,835	N	$	35,702	$	—	$	35,702
Cash paid during the period for taxes	497		—			497		—		497

^BRevaluation of derivative contracts — The correction of these misstatements resulted from the change of accounting for the grid pricing escalation guarantees we provided in some of our sales arrangements. These commitments were previously treated as a contingent liability that was considered remote. We now consider the commitments a derivative liability, with the initial value recorded as a reduction in product revenue and then any changes in the value adjusted through other expense, net each period thereafter.

^CStock-based compensation — The correction of these misstatements resulted from the change of accounting for stock-based compensation, including net capitalization of stock-based compensation costs into inventory of $4.7 million. The correction of this misstatement resulted in the capitalization of $0.6 million of stock-based compensation costs related to assets under the Managed Services Programs now recorded as construction in progress within property, plant and equipment, net.

^F Deferred cost of revenue, current and non-current — The correction of these misstatements resulted from the cumulative net change of accounting moving deferred cost of revenue to property, plant and equipment, net for the leased Energy Servers under the Managed Services Agreements and similar sale-leaseback arrangements of $56.5 million, and the net capitalization of stock-based compensation costs of $1.5 million.

^G Prepaid expenses and other current assets — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements and similar arrangements whereby prepaid property tax and insurance payments are now classified within prepaid expenses, rather than offset against deferred revenue.

^H Other long-term assets — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements and similar arrangements, including the timing difference of capacity billings to end customers and the payments received from the financing entity, is recorded within long term receivables and whereby prepaid property tax and insurance payments are now classified within other long-term assets, rather than offset against long-term deferred revenue.

^IAccrued warranty — The correction of these misstatements resulted from the change of accounting for accrued warranty which is now recorded on an as-incurred basis for our Managed Services Agreements and similar arrangements. The correction of these misstatements resulted from the change of accounting for the grid pricing escalation guarantees we've provided in some of our sales arrangements. These commitments were previously treated as a contingent liability that was considered remote. We now maintain a $0.3 million accrual, with the initial value of treated as a reduction in product revenue and then any changes in the value adjusted through other expense, net each period thereafter.

^NProceeds and repayments from financing obligations — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements and similar arrangements, whereby instead of recognizing the upfront proceeds received from the bank as revenue, the bank proceeds received are classified as proceeds from financing obligations and the capacity payments received from the end customer are classified as repayment of financing obligations and interest paid.



	Nine Months Ended September 30, 2019
	As Previously Reported			Restatement Impacts				As Restated			ASC 606 Adoption Impacts			As Restated & Recast
Cash flows from operating activities:
Net loss	$	(195,434	)	$	(36,793	)		$	(232,227	)	$	(20,228	)	$	(252,455	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	55,816			9,132			A	64,948			—			64,948
Write-off of property, plant and equipment, net	2,987			—				2,987			—			2,987
Write-off of PPA II and PPA IIIb decommissioned assets	25,613			—				25,613			—			25,613
Debt make-whole expense	5,934			—				5,934			—			5,934
PPA I decommissioning, net	—			—				—			—			—
Revaluation of derivative contracts	1,335			1,620			B	2,955			—			2,955
Stock-based compensation	154,955			5,278			C	160,233			—			160,233
Loss on long-term REC purchase contract	61			—				61			—			61
Amortization of debt issuance cost	16,295			—				16,295			—			16,295
Changes in operating assets and liabilities:
Accounts receivable	58,150			(318		)	D	57,832			5,594			63,426
Inventories	(7,896		)	6,121			E	(1,775		)	—			(1,775		)
Deferred cost of revenue	56,854			(59,198		)	F	(2,344		)	—			(2,344		)
Customer financing receivable and other	4,142			—				4,142			—			4,142
Prepaid expenses and other current assets	7,928			176			G	8,104			(33		)	8,071
Other long-term assets	3,281			(1,229		)	H	2,052			(758		)	1,294
Accounts payable	14,171			—				14,171			—			14,171
Accrued warranty	(3,941		)	109			I	(3,832		)	(242		)	(4,074		)
Accrued expenses and other current liabilities	5,029			162			J	5,191			—			5,191
Deferred managed services revenue	—			—				—			—			—
Deferred revenue and customer deposits	(68,180		)	74,765			K	6,585			15,667			22,252
Other long-term liabilities	2,083			2,477			L	4,560			—			4,560
Net cash provided by operating activities	139,183			2,302				141,485			—			141,485
Cash flows from investing activities:
Purchase of property, plant and equipment	(23,474		)	(16,216		)	M	(39,690		)	—			(39,690		)
Payments for acquisition of intangible assets	(1,478		)	—				(1,478		)	—			(1,478		)
Proceeds from maturity of marketable securities	104,500			—				104,500			—			104,500
Net cash provided by investing activities	79,548			(16,216		)		63,332			—			63,332
Cash flows from financing activities:
Repayment of debt	(93,263		)	—				(93,263		)	—			(93,263		)
Repayment of debt to related parties	(1,691		)	—				(1,691		)	—			(1,691		)
Debt make-whole payment	(5,934		)	—				(5,934		)	—			(5,934		)
Proceeds from financing obligations	—			20,333			N	20,333			—			20,333
Repayment of financing obligations	—			(6,419		)	N	(6,419		)	—			(6,419		)
Payments to noncontrolling and redeemable noncontrolling interests	(43,713		)	—				(43,713		)	—			(43,713		)
Distributions to noncontrolling and redeemable noncontrolling interests	(9,363		)	—				(9,363		)	—			(9,363		)
Proceeds from issuance of common stock	12,623			—				12,623			—			12,623



	Nine Months Ended September 30, 2019
	As Previously Reported			Restatement Impacts			As Restated			ASC 606 Adoption Impacts		As Restated & Recast
Net cash used in financing activities	(141,341		)	13,914			(127,427		)	—		(127,427		)
Net increase in cash, cash equivalents, and restricted cash	77,390			—			77,390			—		77,390
Cash, cash equivalents, and restricted cash:
Beginning of period	280,485			—			280,485			—		280,485
End of period	$	357,875		$	—		$	357,875		$	—	$	357,875

Supplemental disclosure of cash flow information:
Cash paid during the period for interest	$	35,894		$	17,878	N	$	53,772		$	—	$	53,772
Cash paid during the period for taxes	715			—			715			—		715

^B Revaluation of derivative contracts — The correction of these misstatements resulted from the change of accounting for the grid pricing escalation guarantees we provided in some of our sales arrangements. These commitments were previously treated as a contingent liability that was considered remote. We now consider the commitments a derivative liability, with the initial value of recorded as a reduction in product revenue and then any changes in the value adjusted through other expense, net each period thereafter.

^CStock-based compensation — The correction of these misstatements resulted from the change of accounting for stock-based compensation, including net capitalization of stock-based compensation costs into inventory of $5.9 million. The correction of this misstatement also resulted in the capitalization of $0.6 million of stock-based compensation costs related to assets under the Managed Services Programs now recorded as construction in progress within property, plant and equipment, net.

^F Deferred cost of revenue, current and non-current — The correction of these misstatements resulted from the cumulative net change of accounting moving deferred cost of revenue to property, plant and equipment, net for the leased Energy Servers under the Managed Services Agreements and similar sale-leaseback arrangements of $60.6 million and the net capitalization of stock-based compensation expenses of $1.4 million.

^G Prepaid expenses and other current assets — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements and similar arrangements whereby prepaid property tax and insurance payments are now classified within prepaid expenses, rather than offset against deferred revenue.

^H Other long-term assets — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements and similar arrangements, whereby the timing difference of capacity billings to end customers and the payments received from the financing entity is recorded within long term receivables and whereby prepaid property tax and insurance payments are now classified within other long-term assets, rather than offset against long-term deferred revenue.

^IAccrued warranty — The correction of these misstatements resulted from the change of accounting for accrued warranty which is now recorded on an as-incurred basis for our Managed Services Agreements and similar arrangements. The correction of these misstatements resulted from the change of accounting for the grid pricing escalation guarantees we provided in some of our sales arrangements. These commitments were previously treated as a contingent liability that was considered remote. We now maintain a $0.4 million accrual, with the initial value treated as a reduction in product revenue and then any changes in the value adjusted through other expense, net each period thereafter.

^KDeferred revenue and customer deposits, current and non-current — The correction of these misstatements resulted from the change of accounting for the recognition of product and installation revenue from upfront or ratable recognition to recognition of the capacity payments received from the end customer as power is generated by the Energy Servers as electricity revenue.

^NProceeds and repayments from financing obligations — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements and similar arrangements, whereby instead of recognizing the upfront proceeds received from the bank as revenue, the bank proceeds received are classified as proceeds from financing obligations and the capacity payments received from the end customer are classified as repayment of financing obligations and interest paid.



	Three Months Ended March 31, 2018
	As Previously Reported			Revision Impacts				As Revised
Cash flows from operating activities:
Net loss	$	(22,348	)	$	(3,875	)		$	(26,223	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	10,847			2,457			A	13,304
Revaluation of derivative contracts	7,157			—				7,157
Stock-based compensation	7,956			191			B	8,147
Loss on long-term REC purchase contract	12			—				12
Revaluation of preferred stock warrants	(3,271		)	—				(3,271		)
Common stock warrant valuation	(100		)	—				(100		)
Amortization of debt issuance cost	7,168			—				7,168
Changes in operating assets and liabilities:
Accounts receivable	(28,203		)	(32		)	C	(28,235		)
Inventories	(6,818		)	3,291			D	(3,527		)
Deferred cost of revenue	16,282			(3,541		)	E	12,741
Customer financing receivable and other	1,306			—				1,306
Prepaid expenses and other current assets	(446		)	929			F	483
Other long-term assets	1,266			(418		)	G	848
Accounts payable	(827		)	—				(827		)
Accrued warranty	(87		)	10			H	(77		)
Accrued expenses and other current liabilities	(10,083		)	(515		)	I	(10,598		)
Deferred revenue and customer deposits	(22,347		)	6,620			J	(15,727		)
Other long-term liabilities	8,049			981			K	9,030
Net cash used in operating activities	(34,487		)	6,098				(28,389		)
Cash flows from investing activities:
Purchase of property, plant and equipment	(223		)	(4,635		)	L	(4,858		)
Purchase of marketable securities	(8,991		)	—				(8,991		)
Proceeds from maturity of marketable securities	15,750			—				15,750
Net cash provided by investing activities	6,536			(4,635		)		1,901
Cash flows from financing activities:
Repayment of debt	(4,489		)	—				(4,489		)
Repayment of debt to related parties	(290		)	—				(290		)
Repayment of financing obligations	—			(1,463		)	M	(1,463		)
Distributions to noncontrolling and redeemable noncontrolling interests	(3,832		)	—				(3,832		)
Proceeds from issuance of common stock	120			—				120
Payments of initial public offering issuance costs	(578		)	—				(578		)
Net cash used in financing activities	(9,069		)	(1,463		)		(10,532		)
Net decrease in cash, cash equivalents, and restricted cash	(37,020		)	—				(37,020		)
Cash, cash equivalents, and restricted cash:
Beginning of period	180,612			—				180,612



	Three Months Ended March 31, 2018
	As Previously Reported		Revision Impacts			As Revised
End of period	$	143,592	$	—		$	143,592

Supplemental disclosure of cash flow information:
Cash paid during the period for interest	11,216		4,613		M	15,829
Cash paid during the period for taxes	401		—			401

^BStock-based compensation — The correction of these misstatements resulted from the change of accounting for stock-based compensation, including net capitalization of stock-based compensation costs into inventory of $0.6 million. The correction of this misstatement also resulted in the capitalization of costs of $0.8 million related to assets under the Managed Services Program now recorded as construction in progress within property, plant and equipment, net.

^CAccounts receivable — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements, for which the amount recorded to accounts receivable represents amounts invoiced for capacity billings to end customers which have not yet been collected by the financing entity as of the period end.

^DInventories — The correction of these misstatements resulted from the change of accounting for inventories held for shipments planned to customers under the Managed Services Program and similar arrangements now accounted for as construction in progress within property, plant and equipment, net.

^EDeferred cost of revenue, current and non-current — The correction of these misstatements resulted from the cumulative net change of accounting moving deferred cost of revenue to property, plant and equipment, net for the leased Energy Servers under the Managed Services Agreements and similar sale-leaseback arrangements of $3.2 million and the net capitalization of stock-based compensation expenses of $0.3 million.

^FPrepaid expenses and other current assets — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements and similar arrangements whereby prepaid property tax and insurance payments are now classified within prepaid expenses, rather than offset against deferred revenue.

^GOther long-term assets —The correction of these misstatements resulted from the change of accounting for Managed Services Agreements and similar arrangements, including the timing difference of capacity billings to end customers and the payments received from the financing entity is recorded within long term receivables and whereby prepaid property tax and insurance payments are now classified within other long-term assets, rather than offset against long-term deferred revenue.

^HAccrued warranty — The correction of these misstatements resulted from the change of accounting for accrued warranty which is now recorded on an as-incurred basis on our Managed Services Agreements and similar arrangements.

^IAccrued expense and other current liabilities and other long-term liabilities — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements and similar arrangements whereby instead of recognizing the bank financing as revenue, the bank financing loan proceeds received and due are classified as a lease loan liability.

^JDeferred revenue and customer deposits, current and non-current — The correction of these misstatements resulted from the change of accounting for the recognition of product and installation revenue from upfront or ratable recognition to the recognition of the capacity payments received from the end customer as power is generated by the Energy Servers as electricity revenue.

^K Other long-term liabilities — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements and similar arrangements whereby instead of recognizing the bank financing as revenue, the bank financing loan proceeds received and due beyond the next twelve months are classified as a lease loan liability.

^LPurchase of property, plant and equipment — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements and similar arrangements, whereby costs previously recognized as product and installation cost of revenue are now recorded as property, plant and equipment, net in the cases where the risks of ownership have not completely transferred to the financing party.

^MProceeds and repayments from financing obligations — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements and similar arrangements whereby instead of recognizing the upfront proceeds received from the bank as revenue, the proceeds received and due are classified as proceeds from financing obligations and the capacity payments received from the end customer are classified as repayment of financing obligations and interest paid.



	Six Months Ended June 30, 2018
	As Previously Reported			Restatement Impacts				As Restated
Cash flows from operating activities:
Net loss	$	(72,536	)	$	(14,197	)		$	(86,733	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	21,554			4,912			A	26,466
Write-off of property, plant and equipment, net	661			—				661
Revaluation of derivative contracts	28,611			—				28,611
Stock-based compensation	15,773			(292		)	B	15,481
Loss on long-term REC purchase contract	100			—				100
Revaluation of stock warrants	(7,456		)	—				(7,456		)
Revaluation of preferred stock warrants	(166		)	—				(166		)
Amortization of debt issuance cost	14,420			—				14,420
Changes in operating assets and liabilities:
Accounts receivable	(6,486		)	(195		)	C	(6,681		)
Inventories	(46,172		)	7,915			D	(38,257		)
Deferred cost of revenue	48,760			(28,362		)	E	20,398
Customer financing receivable and other	2,439			—				2,439
Prepaid expenses and other current assets	4,544			220			F	4,764
Other long-term assets	15			(866		)	G	(851		)
Accounts payable	5,217			—				5,217
Accrued warranty	(1,883		)	(300		)	H	(2,183		)
Accrued expenses and other current liabilities	(12,815		)	(1,386		)	I	(14,201		)
Deferred revenue and customer deposits	(31,817		)	9,787			J	(22,030		)
Other long-term liabilities	18,652			497			K	19,149
Net cash used in operating activities	(18,585		)	(22,267		)		(40,852		)
Cash flows from investing activities:
Purchase of property, plant and equipment	(1,595		)	(11,550		)	L	(13,145		)
Purchase of marketable securities	(15,732		)	—				(15,732		)
Proceeds from maturity of marketable securities	27,000			—				27,000
Net cash provided by (used in) investing activities	9,673			(11,550		)		(1,877		)
Cash flows from financing activities:
Repayment of debt	(9,201		)	—				(9,201		)
Repayment of debt to related parties	(627		)	—				(627		)
Proceeds from financing obligations	—			36,799			M	36,799
Repayment of financing obligations	—			(2,982		)	M	(2,982		)
Distributions to noncontrolling and redeemable noncontrolling interests	(11,582		)	—				(11,582		)
Proceeds from issuance of common stock	742			—				742
Payments of initial public offering issuance costs	(1,160		)	—				(1,160		)
Net cash provided by (used in) financing activities	(21,828		)	33,817				11,989
Net decrease in cash, cash equivalents, and restricted cash	(30,740		)	—				(30,740		)
Cash, cash equivalents, and restricted cash:



	Six Months Ended June 30, 2018
	As Previously Reported		Restatement Impacts			As Restated
Beginning of period	180,612		—			180,612
End of period	$	149,872	$	—		$	149,872

Supplemental disclosure of cash flow information:
Cash paid during the period for interest	$	16,540	$	9,233	M	$	25,773
Cash paid during the period for taxes	625		—			625

^BStock-based compensation — The correction of these misstatements resulted from the change of accounting for stock-based compensation, including net capitalization of stock-based compensation costs into inventory of $1.0 million. The correction of this misstatement also resulted in the capitalization of $0.7 million of stock-based compensation costs related to assets under the Managed Services Programs now recorded as construction in progress within property, plant and equipment, net.

^CAccounts receivable — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements for which the amount recorded to accounts receivable represents amounts invoiced for capacity billings to end customers which have not yet been collected by the financing entity as of the period end.

^D Inventories — The correction of these misstatements resulted from the change of accounting for inventories held for shipments planned to customers under the Managed Services Program and similar arrangements now accounted for as construction in progress within property, plant and equipment, net.

^EDeferred cost of revenue, current and non-current — The correction of these misstatements resulted from the cumulative net change of accounting moving deferred cost of revenue to property, plant and equipment, net for the leased Energy Servers under the Managed Services Agreements and similar sale-leaseback arrangements of $28.1 million and the net capitalization of stock-based compensation costs of $0.3 million.

^GOther long-term assets — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements and similar arrangements, including the timing difference of capacity billings to end customers and the payments received from the financing entity is recorded within long term receivables and whereby prepaid property tax and insurance payments are now classified within other long-term assets, rather than offset against long-term deferred revenue.

^HAccrued warranty — The correction of these misstatements resulted from the change of accounting for accrued warranty which is now recorded on an as-incurred basis for our Managed Services Agreements and similar arrangements.

^K Other long-term liabilities — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements and similar arrangements where instead of recognizing the bank financing as revenue, the bank financing loan proceeds received and due beyond the next twelve months are classified as a lease loan liability.



	Nine Months Ended September 30, 2018
	As Previously Reported			Restatement Impacts				As Restated
Cash flows from operating activities:
Net loss	$	(155,046	)	$	(16,119	)		$	(171,165	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	32,141			7,616			A	39,757
Write-off of property, plant and equipment, net	901			—				901
Revaluation of derivative contracts	26,761			755			B	27,516
Stock-based compensation	87,451			(10,777		)	C	76,674
Loss on long-term REC purchase contract	150			—				150
Revaluation of stock warrants	(9,109		)	—				(9,109		)
Amortization of debt issuance cost	20,279			—				20,279
Changes in operating assets and liabilities:
Accounts receivable	(11,168		)	(332		)	D	(11,500		)
Inventories	(44,465		)	4,037			E	(40,428		)
Deferred cost of revenue	47,945			(34,343		)	F	13,602
Customer financing receivable and other	3,736			—				3,736
Prepaid expenses and other current assets	(6,514		)	(1,585		)	G	(8,099		)
Other long-term assets	1,052			(1,398		)	H	(346		)
Accounts payable	11,236			—				11,236
Accrued warranty	1,164			(324		)	I	840
Accrued expenses and other current liabilities	1,885			626			J	2,511
Deferred revenue and customer deposits	(32,203		)	17,431			K	(14,772		)
Other long-term liabilities	10,156			1,362			L	11,518
Net cash used in operating activities	(13,648		)	(33,051		)		(46,699		)
Cash flows from investing activities:
Purchase of property, plant and equipment	(4,333		)	(20,283		)	M	(24,616		)
Payments for acquisition of intangible assets	(2,762		)	—				(2,762		)
Purchase of marketable securities	(15,732		)	—				(15,732		)
Proceeds from maturity of marketable securities	38,250			—				38,250
Net cash provided by (used in) investing activities	15,423			(20,283		)		(4,860		)
Cash flows from financing activities:
Repayment of debt	(14,036		)	—				(14,036		)
Repayment of debt to related parties	(990		)	—				(990		)
Proceeds from financing obligations	—			57,897			N	57,897
Repayment of financing obligations	—			(4,563		)	N	(4,563		)
Distributions to noncontrolling and redeemable noncontrolling interests	(14,192		)	—				(14,192		)
Proceeds from issuance of common stock	1,456			—				1,456
Proceeds from public offerings, net of underwriting discounts and commissions	292,529			—				292,529
Payments of initial public offering issuance costs	(2,928		)	—				(2,928		)
Net cash provided by financing activities	261,839			53,334				315,173
Net increase in cash, cash equivalents, and restricted cash	263,614			—				263,614



	Nine Months Ended September 30, 2018
	As Previously Reported		Restatement Impacts			As Restated
Cash, cash equivalents, and restricted cash:
Beginning of period	180,612		—			180,612
End of period	$	444,226	$	—		$	444,226

Supplemental disclosure of cash flow information:
Cash paid during the period for interest	$	30,601	$	14,505	N	$	45,106
Cash paid during the period for taxes	1,052		—			1,052

^BRevaluation of derivative contracts — The correction of this misstatement resulted from the cumulative net change in the valuation of our embedded derivatives in our 6% Notes. The change in the valuation was recorded in loss on revaluation of embedded derivatives.

^CStock-based compensation — The correction of these misstatements resulted from the change of accounting for stock-based compensation, including net capitalization of stock-based compensation cost into inventory of $10.1 million. The correction of this misstatement also resulted in the capitalization of $0.7 million of stock-based compensation costs related to assets under the Managed Services Programs now recorded as construction in progress within property, plant and equipment, net.

^FDeferred cost of revenue, current and non-current — The correction of these misstatements resulted from the cumulative net change of accounting moving deferred cost of revenue to property, plant and equipment, net for the leased Energy Servers under the Managed Services Agreements and similar sale-leaseback arrangements of $31.4 million and the net capitalization of stock-based compensation expenses of $3.0 million.

^G Prepaid expenses and other current assets — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements and similar arrangements whereby prepaid property tax and insurance payments are now classified within prepaid expenses.

^H Other long-term assets — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements and similar arrangements whereby the timing difference of capacity billings to end customers and payments received from the financing entity is recorded within long term receivables and commission payments are now classified within long term prepaid commissions.

^KDeferred revenue and customer deposits, current and non-current — The correction of these misstatements resulted from the change of accounting for the recognition of product and installation revenue from upfront or ratable recognition to recognition of the capacity payments received from the end customer as power is generated by the Energy Servers as electricity revenue.

^L Other long-term liabilities — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements and similar arrangements whereby the timing difference of capacity billings to end customers and the payments received from the financing entity is recorded within long term receivables and whereby prepaid property tax and insurance payments are now classified within other long-term assets, rather than offset against long-term deferred revenue.

^NProceeds and repayments from financing obligations — The correction of these misstatements resulted from the change of accounting for Managed Services Agreements and similar arrangements whereby instead of recognizing the upfront proceeds received from the bank as revenue, the proceeds received and due are classified as proceeds from financing obligations and the capacity payments received from the end customer are classified as repayment of financing obligations and interest paid.