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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents [1] $ 286,007 $ 396,035
Restricted cash [1] 70,141 92,540
Accounts receivable [1] 110,842 87,789
Contract assets 13,533 25,201
Inventories 183,066 143,370
Deferred cost of revenue 17,143 25,040
Customer financing receivable [1] 5,875 5,784
Prepaid expense and other current assets [1] 37,000 30,661
Total current assets 723,607 806,420
Property, plant and equipment, net [1] 608,912 604,106
Operating lease right-of-use assets 98,119 106,660
Customer financing receivable, non-current [1] 38,005 39,484
Restricted cash, noncurrent [1] 137,748 126,539
Deferred cost of revenue, non-current 3,212 1,289
Goodwill 1,957 1,957
Other long-term assets [1] 38,412 39,116
Total assets 1,649,972 1,725,571
Current liabilities:    
Accounts payable 89,012 72,967
Accrued warranty 14,671 11,746
Accrued expenses and other current liabilities [1] 92,170 114,138
Deferred revenue and customer deposits [1] 94,044 89,975
Operating lease liabilities 11,598 13,101
Financing obligations 15,172 14,721
Recourse debt 12,355 8,348
Non-recourse debt [1] 17,936 17,483
Total current liabilities 346,958 342,479
Deferred revenue and customer deposits, non-current [1] 80,457 90,310
Operating lease liabilities, non-current 105,656 106,187
Financing obligations, non-current 452,229 461,900
Recourse debt, non-current 280,056 283,483
Non-recourse debt, non-current [1] 212,465 217,416
Other long-term liabilities 18,356 16,772
Total liabilities 1,496,177 1,518,547
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 March 31, 2022 and December 31, 2021, respectively. 208,551 208,551
Redeemable noncontrolling interest 0 300
Stockholders’equity (deficit):    
Common stock: $0.0001 par value; Class A shares - 600,000,000 shares authorized and 162,165,862 shares and 160,627,544 shares issued and outstanding and Class B shares - 600,000,000 shares authorized and 15,829,833 shares and 15,832,863 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively. 18 18
Additional paid-in capital 3,251,128 3,219,081
Accumulated other comprehensive loss (503) (350)
Accumulated deficit (3,341,434) (3,263,075)
Total stockholders’ equity (deficit) (90,791) (44,326)
Noncontrolling interest 36,035 42,499
Total liabilities, redeemable noncontrolling interest, stockholders' (deficit) equity and noncontrolling interest $ 1,649,972 $ 1,725,571
[1] We have variable interest entities, which represent a portion of the consolidated balances recorded within these financial statement line items in the condensed consolidated balance sheets (see Note 11 - Portfolio Financings).