XML 138 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Jun. 30, 2019
Jun. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenue $ 213,543 $ 224,307 $ 200,326 $ 147,001 $ 157,145 $ 168,619 $ 138,302 $ 168,582 $ 347,327 $ 306,884 $ 571,634 $ 475,503 $ 785,177 $ 632,648 $ 365,623
Cost of revenue 188,595 181,582 171,976 145,437 150,224 141,209 111,318 124,147 317,413 235,465 498,995 376,674 687,590 526,898 381,934
Gross profit (loss) 24,948 42,725 28,350 1,564 6,921 27,410 26,984 44,435 29,914 71,419 72,639 98,829 97,587 105,750 (16,311)
Operating expenses:                              
Research and development 22,148 23,389 29,772 28,859 32,970 27,021 14,413 14,731 58,631 29,144 82,020 56,165 104,168 89,135 51,146
Sales and marketing 17,357 17,649 18,194 20,373 24,951 21,396 8,167 8,293 38,567 16,460 56,216 37,856 73,573 62,807 31,926
General and administrative 33,315 36,599 43,662 39,074 47,471 40,999 15,359 14,988 82,736 30,347 119,335 71,346 152,650 118,817 55,689
Total operating expenses 72,820 77,637 91,628 88,306 105,392 89,416 37,939 38,012 179,934 75,951 257,571 165,367 330,391 270,759 138,761
Loss from operations (47,872) (34,912) (63,278) (86,742) (98,471) (62,006) (10,955) 6,423 (150,020) (4,532) (184,932) (66,538) (232,804) (165,009) (155,072)
Interest income 862 1,214 1,700 1,885 1,996 1,467 444 415 3,585 859 4,799 2,326 5,661 4,322 759
Interest expense (21,635) (21,323) (22,722) (21,800) (21,757) (22,125) (27,147) (25,992) (44,522) (53,139) (65,845) (75,264) (87,480) (97,021) (112,039)
Interest expense to related parties (1,933) (1,605) (1,606) (1,612) (1,628) (1,966) (2,672) (2,627) (3,218) (5,299) (4,823) (7,265) (6,756) (8,893) (12,265)
Other income (expense), net 138 525 (222) 265 636 (705) (855) (75) 43 (930) 568 (1,635) 706 (999) (491)
Gain (loss) on revaluation of warrant liabilities and embedded derivatives (540) (540) (540) (540) 192 900 (19,197) (4,034) (1,080) (23,231) (1,620) (22,331) (2,160) (22,139) (15,284)
Loss before income taxes (70,980) (56,641) (86,668) (108,544) (119,032) (84,435) (60,382) (25,890) (195,212) (86,272) (251,853) (170,707) (322,833) (289,739) (294,392)
Income tax provision 31 136 258 208 1,079 (3) 128 333 466 461 602 458 633 1,537 636
Net loss (71,011) (56,777) (86,926) (108,752) (120,111) (84,432) (60,510) (26,223) (195,678) (86,733) (252,455) (171,165) (323,466) (291,276) (295,028)
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) (8,847) (9,144) (13,874) (13,074) (19,052) (17,736) (18,666)
Net loss available to Class A and Class B common stockholders (65,833) (51,750) (81,911) (104,920) (115,449) (80,502) (55,998) (21,591) (186,831) (77,589) (238,581) (158,091) (304,414) (273,540) (276,362)
Less: deemed dividend to noncontrolling interest (2,454) 0 0 0 0 0 0 0         (2,454) 0 0
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)         $ (306,868) $ (273,540) $ (276,362)
Net loss per share attributable to Class A and Class B common stockholders, basic and diluted (in dollars per share) $ (0.58) $ (0.44) $ (0.72) $ (0.94) $ (1.06) $ (0.99) $ (5.31) $ (2.08)         $ (2.67) $ (5.14) $ (26.97)
Weighted average shares used to compute net loss per share attributable to Class A and Class B common stockholders, basic and diluted (in shares) 118,588 116,330 113,624 111,842 109,416 81,321 10,536 10,404         115,118 53,268 10,248
Product                              
Revenue $ 158,427 $ 163,902 $ 144,081 $ 90,926 $ 103,937 $ 102,433 $ 78,497 $ 115,771 235,007 194,268 398,909 296,701 $ 557,336 $ 400,638 $ 157,192
Cost of revenue 141,782 91,697 113,228 88,772 86,154 69,053 49,603 76,465 202,000 126,068 293,697 195,121 435,479 281,275 192,361
Installation                              
Revenue 14,429 21,102 13,076 12,219 11,066 24,691 19,643 12,795 25,295 32,438 46,397 57,129 60,826 68,195 57,937
Cost of revenue 16,901 26,141 17,685 15,760 20,651 35,506 29,951 9,198 33,445 39,149 59,586 74,655 76,487 95,306 54,970
Service                              
Revenue 25,628 23,665 23,026 23,467 21,778 21,056 20,299 20,134 46,493 40,433 70,158 61,489 95,786 83,267 74,892
Cost of revenue 17,127 36,427 18,763 27,921 31,818 24,470 19,702 24,699 46,684 44,401 83,111 68,871 100,238 100,689 85,128
Electricity                              
Revenue 15,059 15,638 20,143 20,389 20,364 20,439 19,863 19,882 40,532 39,745 56,170 60,184 71,229 80,548 75,602
Cost of revenue $ 12,785 $ 27,317 $ 22,300 $ 12,984 $ 11,601 $ 12,180 $ 12,062 $ 13,785 $ 35,284 $ 25,847 $ 62,601 $ 38,027 $ 75,386 $ 49,628 $ 49,475