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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents [1] $ 396,035 $ 246,947
Restricted cash [1] 92,540 52,470
Accounts receivable [1] 87,789 96,186
Contract assets 25,201 3,327
Inventories 143,370 142,059
Deferred cost of revenue 25,040 41,469
Customer financing receivable [1] 5,784 5,428
Prepaid expense and other current assets [1] 30,661 30,718
Total current assets 806,420 618,604
Property, plant and equipment, net [1] 604,106 600,628
Operating lease right-of-use assets 106,660 35,621
Customer financing receivable, non-current [1] 39,484 45,268
Restricted cash, noncurrent [1] 126,539 117,293
Deferred cost of revenue, non-current 1,289 2,462
Goodwill 1,957 0
Other long-term assets [1] 39,116 34,511
Total assets 1,725,571 1,454,387
Current liabilities:    
Accounts payable 72,967 58,334
Accrued warranty 11,746 10,263
Accrued expenses and other current liabilities [1] 114,138 112,004
Deferred revenue and customer deposits [1] 89,975 114,286
Operating lease liabilities 13,101 7,899
Financing obligations 14,721 12,745
Recourse debt 8,348 0
Non-recourse debt [1] 17,483 120,846
Total current liabilities 342,479 436,377
Deferred revenue and customer deposits, non-current [1] 90,310 87,463
Operating lease liabilities, non-current 106,187 41,849
Financing obligations, non-current 461,900 459,981
Recourse debt, non-current 283,483 168,008
Non-recourse debt, non-current [1] 217,416 102,045
Other long-term liabilities 16,772 17,268
Total liabilities 1,518,547 1,312,991
Commitments and contingencies
Redeemable convertible preferred stock, Series A: 10,000,000 shares authorized and 10,000,000 shares and no shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively. 208,551 0
Redeemable noncontrolling interest 300 377
Stockholders’ (deficit) equity:    
Common stock: $0.0001 par value; Class A shares - 600,000,000 shares authorized and 160,627,544 shares and 140,094,633 shares issued and outstanding and Class B shares - 600,000,000 shares authorized and 15,832,863 shares and 27,908,093 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively. 18 17
Additional paid-in capital 3,219,081 3,182,753
Accumulated other comprehensive loss (350) (9)
Accumulated deficit (3,263,075) (3,103,937)
Total stockholders’ (deficit) equity (44,326) 78,824
Noncontrolling interest 42,499 62,195
Total liabilities, redeemable noncontrolling interest, stockholders' (deficit) equity and noncontrolling interest $ 1,725,571 $ 1,454,387
[1] We have variable interest entities, which represent a portion of the consolidated balances recorded within these financial statement line items in the consolidated balance sheets (see Note 11 - Portfolio Financings).