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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents [1] $ 235,638,000 $ 396,035,000
Restricted cash [1] 50,293,000 92,540,000
Accounts receivable less allowance for doubtful accounts of $119 as of June 30, 2022 and December 31, 2021 [1] 77,972,000 87,789,000
Contract assets 33,374,000 25,201,000
Inventories 206,707,000 143,370,000
Deferred cost of revenue 30,110,000 25,040,000
Customer financing receivable [1] 0 5,784,000
Prepaid expense and other current assets [1] 35,155,000 30,661,000
Total current assets 669,249,000 806,420,000
Property, plant and equipment, net [1] 628,759,000 604,106,000
Operating lease right-of-use assets 110,362,000 106,660,000
Customer financing receivable [1] 0 39,484,000
Restricted cash [1] 128,248,000 126,539,000
Deferred cost of revenue 5,310,000 1,289,000
Other long-term assets [1] 38,905,000 41,073,000
Total assets 1,580,833,000 1,725,571,000
Current liabilities:    
Accounts payable 134,020,000 72,967,000
Accrued warranty 9,319,000 11,746,000
Accrued expenses and other current liabilities [1] 101,204,000 114,138,000
Deferred revenue and customer deposits [1] 93,237,000 89,975,000
Operating lease liabilities 12,581,000 13,101,000
Financing obligations 16,159,000 14,721,000
Recourse debt 12,434,000 8,348,000
Non-recourse debt [1] 14,734,000 17,483,000
Total current liabilities 393,688,000 342,479,000
Deferred revenue and customer deposits [1] 76,890,000 90,310,000
Operating lease liabilities 118,291,000 106,187,000
Financing obligations 447,595,000 461,900,000
Recourse debt 278,538,000 283,483,000
Non-recourse debt [1] 183,555,000 217,416,000
Other long-term liabilities 18,646,000 16,772,000
Total liabilities 1,517,203,000 1,518,547,000
Commitments and contingencies (Note 13)
Redeemable convertible preferred stock, Series A: — shares authorized and — shares and no shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively. 208,551,000 208,551,000
Redeemable noncontrolling interest 0 300,000
Stockholders’ deficit:    
Common stock: $0.0001 par value; Class A shares - 600,000,000 shares authorized and 163,085,510 shares and 160,627,544 shares issued and outstanding and Class B shares - 600,000,000 shares authorized and 15,828,287 shares and 15,832,863 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively. 18,000 18,000
Additional paid-in capital 3,284,261,000 3,219,081,000
Accumulated other comprehensive loss (1,000,000) (350,000)
Accumulated deficit (3,460,234,000) (3,263,075,000)
Total deficit attributable to Class A and Class B common stockholders (176,955,000) (44,326,000)
Noncontrolling interest 32,034,000 42,499,000
Total stockholders' deficit (144,921,000) (1,827,000)
Total liabilities, redeemable convertible preferred stock, redeemable noncontrolling interest and stockholders' deficit $ 1,580,833,000 $ 1,725,571,000
[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).