XML 18 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 01, 2018
Jul. 02, 2017
Jul. 01, 2018
Jul. 02, 2017
Solar power systems, components, and other $ 353,780 $ 278,578 $ 682,640 [1] $ 559,783
Residential leasing 95,317 49,403 158,345 [1] 97,293
Revenue 449,097 327,981 840,985 657,076
Solar power systems, components, and other 692,894 278,469 1,031,824 [1] 621,068
Residential leasing (66,418) (33,345) (109,128) [1] (65,425)
Cost of revenue 759,312 311,814 1,140,952 686,493
Gross profit (loss) (310,215) 16,167 (299,967) (29,417)
Operating expenses:        
Research and development1 31,210 19,754 50,101 [1] 40,269
Sales, general and administrative1 64,719 68,703 129,849 [1] 136,106
Restructuring charges 3,504 4,969 14,681 14,759
Impairment of residential lease assets 68,269 0 117,361 0
Total operating expenses 167,702 93,426 311,992 191,134
Operating loss (477,917) (77,259) (611,959) (220,551)
Other income (expense), net:        
Interest income 664 387 1,193 1,325
Interest expense1 26,718 22,505 (51,824) 43,407
Other, net3 36,624 (14,684) 52,418 (88,772)
Other income (expense), net 10,570 (36,802) 1,787 (130,854)
Income (loss) before income taxes and equity in earnings (loss) of unconsolidated investees (467,347) (114,061) (610,172) (351,405)
Provision for income taxes 3,081 2,353 (5,709) 4,384
Equity in earnings (losses) of unconsolidated investees (13,415) 6,837 (15,559) 9,325
Net loss (483,843) (109,577) (631,440) (346,464)
Net loss attributable to noncontrolling interests and redeemable noncontrolling interests (36,726) (19,062) (68,349) (36,223)
Net loss attributable to stockholders $ (447,117) $ (90,515) $ (563,091) $ (310,241)
Net loss per share attributable to stockholders:        
Basic (in dollars per share) $ (3.17) $ (0.65) $ (4.01) $ (2.23)
Diluted (in dollars per share) $ (3.17) $ (0.65) $ (4.01) $ (2.23)
Weighted-average shares:        
Basic (in shares) 140,926 139,448 140,569 139,175
Diluted (in shares) 140,926 139,448 140,569 139,175
[1] 1The Company has related-party transactions with Total S.A. and its affiliates as well as unconsolidated entities in which the Company has a direct equity investment. These related-party transactions are recorded within the "Revenue: Solar power systems, components, and other," "Cost of revenue: Solar power systems, components, and other," "Operating expenses: Research and development," "Operating expenses: Sales, general and administrative," and "Other income (expense), net: Interest expense" financial statement line items in the Consolidated Statements of Operations (see Note 2 and Note 10).