Sunrun Inc(NASDAQ:RUN)

Sunrun Inc. engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offer...
Website: http://www.sunrun.com
Founded: 2007
Full Time Employees: 4,800
Sector: Technology
Industry: Solar
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 |
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revenue: | |||||||||||||||||||||||||||||||||||||||||||
customer agreements and incentives | 467,822,000 | 466,487,000 | 491,600,000 | 458,000,000 | 402,920,000 | 388,574,000 | 405,861,000 | 387,825,000 | 322,967,000 | 316,528,000 | 302,149,000 | 246,474,000 | 242,258,000 | 271,211,000 | 259,886,000 | 209,692,000 | 200,625,000 | 231,869,000 | 219,474,000 | 174,596,000 | 164,456,000 | 114,485,000 | 106,095,000 | 99,124,000 | 99,297,000 | 96,249,000 | 92,439,000 | 99,850,000 | 131,299,000 | 114,572,000 | 91,605,000 | 66,990,000 | |||||||||||
energy systems and product sales | 254,409,000 | ||||||||||||||||||||||||||||||||||||||||||
total revenue | 722,231,000 | 1,158,833,000 | 724,557,000 | 569,336,000 | 504,271,000 | 518,492,000 | 537,173,000 | 523,866,000 | 458,188,000 | 563,181,000 | 590,193,000 | 589,849,000 | 609,152,000 | 631,906,000 | 584,580,000 | 495,784,000 | 435,229,000 | 438,765,000 | 401,166,000 | 334,794,000 | 320,406,000 | 209,760,000 | 181,294,000 | 210,731,000 | 243,937,000 | 215,542,000 | 204,595,000 | 194,504,000 | 240,120,000 | 204,960,000 | 170,538,000 | 144,363,000 | 146,443,000 | 141,291,000 | 137,848,000 | 104,117,000 | 120,584,000 | 112,033,000 | 122,538,000 | 98,743,000 | 222,006,000 | 82,600,000 | 72,690,000 |
yoy | 43.22% | 123.50% | 34.88% | 8.68% | 10.06% | -7.94% | -8.98% | -11.19% | -24.78% | -10.88% | 0.96% | 18.97% | 39.96% | 44.02% | 45.72% | 48.09% | 35.84% | 109.17% | 121.28% | 58.87% | 31.35% | -2.68% | -11.39% | 8.34% | 1.59% | 5.16% | 19.97% | 34.73% | 63.97% | 45.06% | 23.71% | 38.65% | 21.44% | 26.12% | 12.49% | 5.44% | -45.68% | 35.63% | 68.58% | ||||
qoq | -37.68% | 59.94% | 27.26% | 12.90% | -2.74% | -3.48% | 2.54% | 14.33% | -18.64% | -4.58% | 0.06% | -3.17% | -3.60% | 8.10% | 17.91% | 13.91% | -0.81% | 9.37% | 19.82% | 4.49% | 52.75% | 15.70% | -13.97% | -13.61% | 13.17% | 5.35% | 5.19% | -19.00% | 17.15% | 20.18% | 18.13% | -1.42% | 3.65% | 2.50% | 32.40% | -13.66% | 7.63% | -8.57% | 24.10% | -55.52% | 168.77% | 13.63% | |
operating expenses: | |||||||||||||||||||||||||||||||||||||||||||
cost of customer agreements and incentives | 314,742,000 | 312,541,000 | 315,811,000 | 345,376,000 | 308,629,000 | 292,632,000 | 308,382,000 | 298,665,000 | 269,534,000 | 283,742,000 | 268,687,000 | 236,905,000 | 230,284,000 | 209,539,000 | 202,554,000 | 201,785,000 | 187,029,000 | 174,457,000 | 177,339,000 | 160,277,000 | 146,601,000 | 77,350,000 | 83,422,000 | 78,277,000 | 72,898,000 | 67,359,000 | 70,594,000 | 69,493,000 | 65,317,000 | 63,195,000 | 57,769,000 | 54,576,000 | |||||||||||
cost of energy systems and product sales | 187,688,000 | ||||||||||||||||||||||||||||||||||||||||||
sales and marketing | 178,533,000 | 246,006,000 | 164,798,000 | 152,459,000 | 145,990,000 | 150,751,000 | 162,490,000 | 151,657,000 | 152,264,000 | 176,349,000 | 194,876,000 | 202,836,000 | 189,040,000 | 193,992,000 | 187,428,000 | 174,926,000 | 180,787,000 | 171,462,000 | 144,599,000 | 126,113,000 | 141,608,000 | 70,720,000 | 69,701,000 | 70,270,000 | 71,679,000 | 77,478,000 | 70,038,000 | 55,953,000 | 57,158,000 | 56,758,000 | 49,237,000 | 44,079,000 | 35,357,000 | 37,298,000 | 32,784,000 | 31,676,000 | 35,685,000 | 40,192,000 | 43,716,000 | 43,188,000 | 100,095,000 | 45,382,000 | 33,976,000 |
research and development | 10,143,000 | 8,816,000 | 9,267,000 | 8,063,000 | 9,979,000 | 8,794,000 | 8,180,000 | 10,243,000 | 12,087,000 | 5,039,000 | 4,557,000 | 4,557,000 | 4,113,000 | 4,398,000 | 6,139,000 | 6,257,000 | 6,541,000 | 5,602,000 | 5,150,000 | 5,872,000 | 5,326,000 | 5,205,000 | 4,971,000 | 4,046,000 | 5,099,000 | 6,435,000 | 6,555,000 | 5,474,000 | 5,292,000 | 4,604,000 | 5,052,000 | 3,896,000 | 4,437,000 | 3,936,000 | 3,710,000 | 2,996,000 | 2,905,000 | 2,458,000 | 2,373,000 | 2,463,000 | 7,417,000 | 2,240,000 | 2,492,000 |
general and administrative | 74,635,000 | 83,193,000 | 65,550,000 | 71,543,000 | 57,763,000 | 72,045,000 | 60,587,000 | 61,229,000 | 51,266,000 | 48,452,000 | 56,366,000 | 51,886,000 | 49,121,000 | 47,099,000 | 49,946,000 | 43,081,000 | 59,337,000 | 51,290,000 | 62,916,000 | 85,630,000 | 155,087,000 | 41,829,000 | 41,756,000 | 28,074,000 | 31,857,000 | 31,059,000 | 33,044,000 | 29,063,000 | 28,916,000 | 26,720,000 | 28,130,000 | 32,893,000 | 29,644,000 | 27,925,000 | 25,230,000 | 24,621,000 | 24,184,000 | 21,331,000 | 23,614,000 | 23,248,000 | 62,956,000 | 21,486,000 | 19,677,000 |
total operating expenses | 765,741,000 | 1,061,476,000 | 720,906,000 | 681,585,000 | 619,159,000 | 3,774,751,000 | 664,951,000 | 651,914,000 | 641,310,000 | 1,910,658,000 | 796,134,000 | 817,543,000 | 798,342,000 | 768,151,000 | 739,887,000 | 677,234,000 | 643,197,000 | 576,690,000 | 542,935,000 | 513,319,000 | 576,838,000 | 271,950,000 | 264,763,000 | 273,748,000 | 292,364,000 | 275,886,000 | 267,393,000 | 238,675,000 | 246,774,000 | 228,507,000 | 205,507,000 | 201,074,000 | 197,934,000 | 189,031,000 | 170,827,000 | 154,111,000 | 169,211,000 | 163,066,000 | 170,962,000 | 165,563,000 | 378,456,000 | 145,350,000 | 118,887,000 |
income from operations | -43,510,000 | 97,357,000 | 3,651,000 | -112,249,000 | -114,888,000 | -3,256,259,000 | -127,778,000 | -128,048,000 | -183,122,000 | -1,347,477,000 | -205,941,000 | -227,694,000 | -189,190,000 | -136,245,000 | -155,307,000 | -181,450,000 | -207,968,000 | -137,925,000 | -141,769,000 | -178,525,000 | -256,432,000 | -62,190,000 | -83,469,000 | -63,017,000 | -48,427,000 | -60,344,000 | -62,798,000 | -44,171,000 | -6,654,000 | -23,547,000 | -34,969,000 | -56,711,000 | -51,491,000 | -47,740,000 | -32,979,000 | -49,994,000 | -48,627,000 | -51,033,000 | -48,424,000 | -66,820,000 | -156,450,000 | -62,750,000 | -46,197,000 |
yoy | -62.13% | -102.99% | -102.86% | -12.34% | -37.26% | 141.66% | -37.95% | -43.76% | -3.21% | 889.01% | 32.60% | 25.49% | -9.03% | -1.22% | 9.55% | 1.64% | -18.90% | 121.78% | 69.85% | 183.30% | 429.52% | 3.06% | 32.92% | 42.67% | 627.79% | 156.27% | 79.58% | -22.11% | -87.08% | -50.68% | 6.03% | 13.44% | 5.89% | -6.45% | -31.90% | -25.18% | -68.92% | -18.67% | 4.82% | ||||
qoq | -144.69% | 2566.58% | -103.25% | -2.30% | -96.47% | 2448.37% | -0.21% | -30.08% | -86.41% | 554.30% | -9.55% | 20.35% | 38.86% | -12.27% | -14.41% | -12.75% | 50.78% | -2.71% | -20.59% | -30.38% | 312.34% | -25.49% | 32.45% | 30.13% | -19.75% | -3.91% | 42.17% | 563.83% | -71.74% | -32.66% | -38.34% | 10.14% | 7.86% | 44.76% | -34.03% | 2.81% | -4.71% | 5.39% | -27.53% | -57.29% | 149.32% | 35.83% | |
operating margin % | -6.02% | 8.40% | 0.50% | -19.72% | -22.78% | -628.02% | -23.79% | -24.44% | -39.97% | -239.26% | -34.89% | -38.60% | -31.06% | -21.56% | -26.57% | -36.60% | -47.78% | -31.43% | -35.34% | -53.32% | -80.03% | -29.65% | -46.04% | -29.90% | -19.85% | -28.00% | -30.69% | -22.71% | -2.77% | -11.49% | -20.51% | -39.28% | -35.16% | -33.79% | -23.92% | -48.02% | -40.33% | -45.55% | -39.52% | -67.67% | -70.47% | -75.97% | -63.55% |
interest expense | -263,943,000 | -256,423,000 | -265,788,000 | -247,137,000 | -227,434,000 | -233,385,000 | -215,615,000 | -207,207,000 | -192,159,000 | -171,288,000 | -157,177,000 | -142,698,000 | -133,306,000 | -117,214,000 | -103,045,000 | -92,254,000 | -89,335,000 | -89,096,000 | -74,999,000 | -74,270,000 | -382,614,000 | 51,368,000 | 50,721,000 | 49,924,000 | 46,686,000 | 43,911,000 | 42,309,000 | 41,340,000 | 37,219,000 | 34,482,000 | 31,872,000 | 28,198,000 | 20,932,000 | 17,707,000 | 16,602,000 | 15,277,000 | 14,709,000 | 13,957,000 | 13,063,000 | 11,515,000 | 24,761,000 | 8,475,000 | 8,433,000 |
other income | 17,186,000 | 24,394,000 | -17,880,000 | -14,528,000 | -45,399,000 | 89,829,000 | -82,598,000 | 64,378,000 | 89,930,000 | 77,673,000 | 41,071,000 | -25,000,000 | 113,958,000 | 34,347,000 | |||||||||||||||||||||||||||||
income before income taxes | -290,267,000 | -134,672,000 | -280,017,000 | -373,914,000 | -387,721,000 | -3,399,815,000 | -425,991,000 | -270,877,000 | -285,351,000 | -1,441,092,000 | -322,047,000 | -395,392,000 | -325,623,000 | -155,506,000 | -206,479,000 | -159,746,000 | -293,137,000 | -231,353,000 | -228,321,000 | -218,448,000 | -327,598,000 | -112,694,000 | -134,338,000 | -112,891,000 | -95,113,000 | -107,365,000 | -106,495,000 | -90,267,000 | -46,786,000 | -53,512,000 | -67,349,000 | -83,217,000 | -73,708,000 | -65,353,000 | -49,789,000 | -65,746,000 | -62,956,000 | -65,032,000 | -61,517,000 | -77,803,000 | -182,893,000 | -71,312,000 | -56,080,000 |
income tax expense | 7,066,000 | 136,000 | -13,803,000 | -10,949,000 | 29,846,000 | 18,677,000 | 3,277,000 | -14,912,000 | -30,149,000 | -27,293,000 | 211,000 | -8,116,000 | 5,169,000 | -1,910,000 | -3,361,000 | 2,729,000 | -5,988,000 | 4,378,000 | 8,203,000 | -5,487,000 | 14,834,000 | 15,453,000 | 7,338,000 | ||||||||||||||||||||
net income | -297,333,000 | -175,106,000 | -277,845,000 | -278,984,000 | -277,171,000 | -3,399,951,000 | -412,188,000 | -259,928,000 | -283,150,000 | -1,470,938,000 | -340,724,000 | -335,773,000 | -327,914,000 | -155,506,000 | -209,756,000 | -156,469,000 | -321,466,000 | -241,333,000 | -213,409,000 | -204,322,000 | -297,449,000 | -85,401,000 | -134,549,000 | -109,549,000 | -86,997,000 | -112,534,000 | -104,585,000 | -86,906,000 | -49,515,000 | -47,524,000 | -71,727,000 | -91,420,000 | -68,221,000 | -80,187,000 | -65,242,000 | -73,084,000 | -85,803,000 | -74,968,000 | -64,727,000 | -77,803,000 | -176,691,000 | -72,215,000 | -49,865,000 |
yoy | 7.27% | -94.85% | -32.59% | 7.33% | -2.11% | 131.14% | 20.97% | -22.59% | -13.65% | 845.90% | 62.44% | 114.59% | 2.01% | -35.56% | -1.71% | -23.42% | 8.07% | 182.59% | 58.61% | 86.51% | 241.91% | -24.11% | 28.65% | 26.05% | 75.70% | 136.79% | 45.81% | -4.94% | -27.42% | -40.73% | 9.94% | 25.09% | -20.49% | 6.96% | 0.80% | -6.07% | -51.44% | 3.81% | 29.80% | ||||
qoq | 69.80% | -36.98% | -0.41% | 0.65% | -91.85% | 724.85% | 58.58% | -8.20% | -80.75% | 331.71% | 1.47% | 2.40% | 110.87% | -25.86% | 34.06% | -51.33% | 33.20% | 13.08% | 4.45% | -31.31% | 248.30% | -36.53% | 22.82% | 25.92% | -22.69% | 7.60% | 20.34% | 75.51% | 4.19% | -33.74% | -21.54% | 34.01% | -14.92% | 22.91% | -10.73% | -14.82% | 14.45% | 15.82% | -16.81% | -55.97% | 144.67% | 44.82% | |
net income margin % | -41.17% | -15.11% | -38.35% | -49.00% | -54.96% | -655.74% | -76.73% | -49.62% | -61.80% | -261.18% | -57.73% | -56.93% | -53.83% | -24.61% | -35.88% | -31.56% | -73.86% | -55.00% | -53.20% | -61.03% | -92.84% | -40.71% | -74.22% | -51.99% | -35.66% | -52.21% | -51.12% | -44.68% | -20.62% | -23.19% | -42.06% | -63.33% | -46.59% | -56.75% | -47.33% | -70.19% | -71.16% | -66.92% | -52.82% | -78.79% | -79.59% | -87.43% | -68.60% |
net loss attributable to noncontrolling interests and redeemable noncontrolling interests | -464,977,000 | -278,680,000 | -294,434,000 | -558,757,000 | -327,182,000 | -586,294,000 | -328,422,000 | -399,002,000 | -195,332,000 | -401,479,000 | -396,198,000 | -95,385,000 | -390,935,000 | -366,066,000 | -197,330,000 | -68,691,000 | -282,947,000 | -265,462,000 | -172,165,000 | -180,533,000 | -128,129,000 | -122,848,000 | -120,987,000 | -81,590,000 | -99,497,000 | -141,524,000 | -103,292,000 | -73,044,000 | -43,627,000 | -44,628,000 | -79,136,000 | -119,452,000 | -127,115,000 | -107,969,000 | -90,364,000 | -85,811,000 | |||||||
net income attributable to common stockholders | 167,644,000 | 103,574,000 | 16,589,000 | 279,773,000 | 50,011,000 | 139,074,000 | -1,069,459,000 | 55,474,000 | 63,021,000 | 210,560,000 | -38,519,000 | 24,129,000 | -169,320,000 | 37,447,000 | 12,500,000 | 28,990,000 | -1,293,000 | -13,862,000 | 29,032,000 | 16,878,000 | 32,643,000 | 13,134,000 | -25,478,000 | -2,768,000 | 7,540,000 | ||||||||||||||||||
net income per share | -0.55 | -0.41 | |||||||||||||||||||||||||||||||||||||||||
basic | 0.71 | 0.45 | 0.07 | 1.22 | 0.22 | -12.66 | -0.37 | 0.63 | -0.4 | -4.92 | 0.26 | -1.12 | 0.3 | 0.99 | -0.06 | -0.42 | -0.19 | 0.12 | -0.2 | -0.12 | -1.21 | 0.3 | -0.11 | -0.23 | 0.11 | 0.25 | -0.01 | -0.12 | -0.06 | -0.03 | 0.07 | 0.26 | 0.56 | 0.26 | 0.24 | 0.12 | 0.29 | 0.16 | 0.32 | 0.13 | |||
diluted | 0.62 | 0.38 | 0.06 | 1.07 | 0.2 | -12.66 | -0.37 | 0.55 | -0.4 | -4.92 | 0.25 | -1.12 | 0.29 | 0.96 | -0.06 | -0.42 | -0.19 | 0.11 | -0.2 | -0.12 | -1.21 | 0.28 | -0.11 | -0.23 | 0.1 | 0.23 | -0.01 | -0.12 | -0.05 | -0.02 | 0.06 | 0.25 | 0.54 | 0.25 | 0.23 | 0.12 | 0.27 | 0.16 | 0.31 | 0.13 | |||
weighted-average shares used for eps calculation | 55,091 | 67,732 | 26,215 | ||||||||||||||||||||||||||||||||||||||||
basic | 234,576 | 229,809 | 230,980 | 229,167 | 226,406 | 222,215 | 223,695 | 222,474 | 219,882 | 217,344 | 216,017 | 214,548 | 211,347 | 212,696 | 211,128 | 208,676 | 205,132 | 206,103 | 204,378 | 202,562 | 139,606 | 125,003 | 120,279 | 119,220 | 116,397 | 117,652 | 115,765 | 113,912 | 110,089 | 111,134 | 109,559 | 107,449 | 105,432 | 105,783 | 105,093 | 104,038 | 102,367 | 102,707 | 101,969 | 101,273 | |||
diluted | 272,345 | 264,465 | 267,473 | 261,152 | 257,911 | 222,215 | 223,695 | 255,107 | 219,882 | 217,344 | 221,849 | 214,548 | 219,157 | 220,850 | 211,128 | 208,676 | 205,132 | 213,016 | 204,378 | 202,562 | 139,606 | 134,548 | 120,279 | 119,220 | 123,876 | 125,151 | 115,765 | 113,912 | 117,112 | 120,396 | 117,067 | 110,781 | 108,206 | 109,598 | 107,347 | 106,469 | 104,964 | 105,092 | 104,768 | 104,219 | |||
solar energy systems and product sales | 111,411,000 | 232,957,000 | 111,336,000 | 101,351,000 | 129,918,000 | 131,312,000 | 136,041,000 | 135,221,000 | 246,653,000 | 288,044,000 | 343,375,000 | 366,894,000 | 360,695,000 | 324,694,000 | 286,092,000 | 234,604,000 | 206,896,000 | 181,692,000 | 160,198,000 | 155,950,000 | 95,275,000 | 75,199,000 | 111,607,000 | 144,640,000 | 119,293,000 | 112,156,000 | 94,654,000 | 108,821,000 | 90,388,000 | 78,933,000 | 77,373,000 | 86,907,000 | 82,829,000 | 72,511,000 | 56,019,000 | 75,251,000 | 68,883,000 | 77,144,000 | 64,203,000 | 135,652,000 | 50,950,000 | 38,232,000 | |
cost of solar energy systems and product sales | 91,605,500 | 165,480,000 | 104,144,000 | 96,798,000 | 128,361,000 | 125,312,000 | 130,120,000 | 156,159,000 | 234,274,000 | 270,538,000 | 320,018,000 | 324,443,000 | 311,782,000 | 292,479,000 | 249,844,000 | 208,162,000 | 172,538,000 | 151,588,000 | 134,082,000 | 126,853,000 | 75,679,000 | 63,746,000 | 91,598,000 | 109,307,000 | 92,031,000 | 86,348,000 | 77,799,000 | 89,040,000 | 76,179,000 | 64,268,000 | 64,579,000 | 74,174,000 | 69,588,000 | 60,938,000 | 49,431,000 | 63,005,000 | 57,264,000 | 61,600,000 | 57,512,000 | 122,283,000 | 46,468,000 | 34,624,000 | |
income tax benefit | 40,434,000 | -2,172,000 | -94,930,000 | -110,550,000 | -2,201,000 | -59,619,000 | -3,277,000 | -4,764,500 | 9,980,000 | -14,126,000 | -3,342,000 | 22,847,000 | 9,936,000 | 3,210,000 | -6,202,000 | 903,000 | -6,215,000 | ||||||||||||||||||||||||||
goodwill impairment | 1,158,000,000 | ||||||||||||||||||||||||||||||||||||||||||
net loss attributable to common stockholders | -8,127,500 | -83,766,000 | -87,818,000 | -240,388,000 | -12,426,000 | -87,778,000 | -41,244,000 | -23,789,000 | -13,562,000 | -27,959,000 | |||||||||||||||||||||||||||||||||
amortization of intangible assets | 4,802,000 | 1,110,000 | 1,341,000 | 1,341,000 | 1,341,000 | 1,341,000 | 1,341,000 | 1,341,000 | 1,341,000 | 1,343,000 | 1,345,000 | 1,363,000 | 1,167,000 | 1,167,000 | 1,483,000 | 1,524,000 | 1,524,000 | 814,000 | 893,000 | 1,051,000 | 1,051,000 | 1,051,000 | 1,051,000 | 1,050,000 | 1,052,000 | 1,051,000 | 1,051,000 | 1,052,000 | 1,051,000 | 1,051,000 | 1,052,000 | 2,644,000 | 1,051,000 | 1,051,000 | |||||||||
other income (expenses) | 65,946,000 | 97,953,000 | 51,873,000 | ||||||||||||||||||||||||||||||||||||||||
other (expenses) income | 4,615,500 | -4,332,000 | -11,553,000 | ||||||||||||||||||||||||||||||||||||||||
other expenses | -191,500 | -864,000 | 148,000 | -50,000 | |||||||||||||||||||||||||||||||||||||||
other expenses (income) | 3,110,000 | 1,388,000 | 4,756,000 | -1,425,250 | -4,517,000 | 508,000 | -1,692,000 | 1,285,000 | -94,000 | 208,000 | 475,000 | ||||||||||||||||||||||||||||||||
net income available to common stockholders | 8,136,250 | -2,896,000 | 7,409,000 | 28,032,000 | 58,894,000 | 27,782,000 | 25,122,000 | 12,727,000 | 29,032,000 | 16,878,000 | 32,643,000 | -25,478,000 | -27,658,000 | ||||||||||||||||||||||||||||||
operating leases and incentives | 59,536,000 | 58,462,000 | 65,337,000 | 48,098,000 | 45,333,000 | 43,150,000 | 45,394,000 | 34,540,000 | 86,354,000 | 31,650,000 | 34,458,000 | ||||||||||||||||||||||||||||||||
cost of operating leases and incentives | 53,272,000 | 49,232,000 | 47,114,000 | 44,336,000 | 42,380,000 | 40,770,000 | 38,608,000 | 38,100,000 | 83,061,000 | 28,723,000 | 27,067,000 | ||||||||||||||||||||||||||||||||
loss on early extinguishment of debt | 431,000 | ||||||||||||||||||||||||||||||||||||||||||
other incomes (income) | -380,000 | 42,000 | 30,000 | -532,000 | |||||||||||||||||||||||||||||||||||||||
net income attributable to noncontrolling interests and redeemable noncontrolling interests | -114,835,000 | -91,846,000 | -97,370,000 | -90,937,000 | -151,213,000 | -69,447,000 | -57,405,000 | ||||||||||||||||||||||||||||||||||||
less: deemed dividend to convertible preferred stockholders | |||||||||||||||||||||||||||||||||||||||||||
less: net income allocated to participating securities | -7,540,000 | ||||||||||||||||||||||||||||||||||||||||||
other incomes | 1,251,000 | 87,000 | 1,019,000 | ||||||||||||||||||||||||||||||||||||||||
deemed dividend to convertible preferred stockholders | -24,890,000 | ||||||||||||||||||||||||||||||||||||||||||
net income per share | -0.55 | -0.41 | |||||||||||||||||||||||||||||||||||||||||
weighted-average shares used for eps calculation | 55,091 | 67,732 | 26,215 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||||||||||||||
cash | 679,552,000 | 823,380,000 | 709,148,000 | 618,057,000 | 604,874,000 | 574,956,000 | 533,863,000 | 707,587,000 | 487,280,000 | 643,787,000 | 669,094,000 | 628,536,000 | 740,508,000 | 672,083,000 | 522,460,000 | 629,161,000 | 617,634,000 | 717,593,000 | 679,588,000 | 649,493,000 | 519,965,000 | 276,052,000 | 269,569,000 | 286,418,000 | 269,577,000 | 324,698,000 | 299,537,000 | 245,604,000 | 226,625,000 | 242,936,000 | 215,706,000 | 203,189,000 | 202,525,000 | 216,142,000 | 211,321,000 | 203,791,000 | 206,364,000 | 207,477,000 | 207,220,000 | 208,313,000 | 203,864,000 | ||
restricted cash | 409,571,000 | 413,460,000 | 446,460,000 | 393,872,000 | 373,881,000 | 372,312,000 | 476,606,000 | 334,513,000 | 295,751,000 | 308,010,000 | 251,836,000 | 214,542,000 | 212,367,000 | 283,822,000 | 340,520,000 | 233,306,000 | 232,649,000 | 223,380,000 | 177,867,000 | 163,792,000 | 188,095,000 | 105,314,000 | 84,515,000 | 79,682,000 | 93,504,000 | 48,566,000 | 54,182,000 | 64,182,000 | 77,626,000 | 32,049,000 | 54,549,000 | 40,139,000 | 39,265,000 | 14,036,000 | 15,672,000 | 12,030,000 | 11,882,000 | 11,944,000 | 10,037,000 | 9,246,000 | 9,203,000 | 8,076,000 | 5,764,000 |
accounts receivable | 232,508,000 | 262,627,000 | 248,279,000 | 186,525,000 | 172,121,000 | 170,706,000 | 182,513,000 | 179,949,000 | 169,661,000 | 188,892,000 | 215,411,000 | 218,692,000 | 214,255,000 | 218,837,000 | 216,824,000 | 200,549,000 | 146,037,000 | 177,826,000 | 162,969,000 | 125,499,000 | 95,141,000 | 70,654,000 | 60,000,000 | 65,509,000 | 77,728,000 | 75,352,000 | 77,846,000 | 67,522,000 | 66,435,000 | 65,354,000 | 123,334,000 | 111,012,000 | 76,198,000 | 73,031,000 | 64,030,000 | 54,065,000 | 60,258,000 | 51,031,000 | 56,572,000 | 56,774,000 | 60,275,000 | 53,717,000 | 49,619,000 |
inventories | 490,390,000 | 501,286,000 | 569,987,000 | 491,150,000 | 414,401,000 | 402,083,000 | 342,348,000 | 353,125,000 | 411,993,000 | 661,801,000 | 791,740,000 | 887,890,000 | 783,904,000 | 589,094,000 | 547,419,000 | 555,946,000 | 506,819,000 | 444,519,000 | 341,423,000 | 289,772,000 | 283,045,000 | 177,967,000 | 210,507,000 | 257,614,000 | 260,571,000 | 109,777,000 | 89,829,000 | 76,184,000 | 79,467,000 | 95,978,000 | 81,304,000 | 87,902,000 | 94,427,000 | 63,323,000 | 52,744,000 | 59,603,000 | 67,326,000 | 85,941,000 | 88,207,000 | 94,682,000 | 71,258,000 | 51,907,000 | 37,804,000 |
prepaid expenses and other current assets | 153,921,000 | 155,216,000 | 96,597,000 | 96,207,000 | 101,936,000 | 202,579,000 | 67,132,000 | 100,978,000 | 305,921,000 | 126,028,000 | 154,995,000 | 134,612,000 | 146,609,000 | 116,192,000 | 83,150,000 | 90,388,000 | 44,580,000 | 31,342,000 | 34,805,000 | 40,098,000 | 51,483,000 | 15,752,000 | 13,649,000 | 10,813,000 | 25,984,000 | 8,847,000 | 8,692,000 | 9,568,000 | 8,563,000 | 9,699,000 | 9,114,000 | 6,488,000 | 9,202,000 | 13,907,000 | 12,575,000 | 11,585,000 | 9,802,000 | 12,589,000 | 12,380,000 | 13,903,000 | 6,696,000 | 8,375,000 | 16,698,000 |
total current assets | 1,965,942,000 | 2,155,969,000 | 2,070,471,000 | 1,785,811,000 | 1,667,213,000 | 1,722,636,000 | 1,602,462,000 | 1,676,152,000 | 1,670,606,000 | 1,928,518,000 | 2,083,076,000 | 2,084,272,000 | 2,097,643,000 | 1,880,028,000 | 1,710,373,000 | 1,709,350,000 | 1,547,719,000 | 1,594,660,000 | 1,396,652,000 | 1,268,654,000 | 1,137,729,000 | 645,739,000 | 638,240,000 | 707,816,000 | 733,830,000 | 567,240,000 | 530,086,000 | 463,060,000 | 461,413,000 | 446,016,000 | 484,007,000 | 459,815,000 | 432,702,000 | 391,524,000 | 356,342,000 | 341,074,000 | 369,345,000 | 368,982,000 | 374,416,000 | 382,918,000 | 360,494,000 | 398,911,000 | 229,054,000 |
energy systems | 17,026,406,000 | 16,817,863,000 | |||||||||||||||||||||||||||||||||||||||||
property and equipment | 66,612,000 | 75,692,000 | 86,813,000 | 98,298,000 | 109,132,000 | 121,239,000 | 134,613,000 | 143,128,000 | 157,165,000 | 128,015,000 | 109,900,000 | 75,087,000 | 67,439,000 | 63,698,000 | 61,728,000 | 59,963,000 | 56,886,000 | 60,659,000 | 58,855,000 | 58,168,000 | 62,182,000 | 44,567,000 | 47,839,000 | 52,995,000 | 56,708,000 | 56,804,000 | 50,419,000 | 35,281,000 | 34,893,000 | 33,522,000 | 32,816,000 | 33,291,000 | 36,402,000 | 38,819,000 | 41,774,000 | 44,925,000 | 48,471,000 | 52,861,000 | 53,348,000 | 51,897,000 | 44,866,000 | 34,743,000 | 27,229,000 |
other assets | 3,705,985,000 | 3,560,924,000 | 3,468,162,000 | 3,282,396,000 | 3,103,824,000 | 3,021,746,000 | 2,817,029,000 | 2,645,109,000 | 2,461,720,000 | 2,318,376,000 | 2,075,649,000 | 1,913,615,000 | 1,827,518,000 | 1,761,556,000 | 1,559,208,000 | 1,421,880,000 | 1,125,743,000 | 1,013,349,000 | 910,369,000 | 801,270,000 | 681,665,000 | 526,239,000 | 432,404,000 | 420,350,000 | 408,403,000 | 398,278,000 | 380,919,000 | 367,951,000 | 335,685,000 | 336,705,000 | 244,841,000 | 221,535,000 | 37,225,000 | 31,187,000 | 29,834,000 | 31,497,000 | 34,936,000 | 35,932,000 | 33,487,000 | 31,833,000 | 32,277,000 | 23,201,000 | 26,201,000 |
total assets | 22,765,093,000 | 22,610,596,000 | 22,225,482,000 | 21,230,135,000 | 20,377,855,000 | 19,897,884,000 | 22,104,323,000 | 21,443,359,000 | 20,834,343,000 | 20,027,115,000 | 20,490,638,000 | 19,728,327,000 | 19,268,805,000 | 18,568,058,000 | 17,800,602,000 | 17,255,122,000 | 16,483,252,000 | 16,089,669,000 | 15,428,836,000 | 14,885,961,000 | 14,382,943,000 | 6,306,834,000 | 6,005,042,000 | 5,938,507,000 | 5,806,341,000 | 5,472,018,000 | 5,207,380,000 | 4,939,682,000 | 4,749,787,000 | 4,533,199,000 | 4,299,368,000 | 4,101,231,000 | 3,927,874,000 | 3,717,753,000 | 3,489,102,000 | 3,319,028,000 | 3,572,818,000 | 3,356,168,000 | 3,136,844,000 | 2,941,580,000 | 2,738,146,000 | 2,583,026,000 | 2,240,750,000 |
liabilities and total equity | |||||||||||||||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||||||||||||||
accounts payable | 343,226,000 | 271,021,000 | 336,547,000 | 279,775,000 | 268,908,000 | 354,214,000 | 244,184,000 | 216,557,000 | 286,923,000 | 296,453,000 | 328,827,000 | 345,968,000 | 339,166,000 | 275,057,000 | 259,201,000 | 385,265,000 | 288,108,000 | 347,068,000 | 277,775,000 | 212,230,000 | 207,441,000 | 151,804,000 | 99,895,000 | 159,791,000 | 223,356,000 | 169,893,000 | 153,206,000 | 105,977,000 | 131,278,000 | 136,064,000 | 85,104,000 | 99,695,000 | 115,193,000 | 108,689,000 | 75,336,000 | 65,520,000 | 66,018,000 | 88,669,000 | 93,681,000 | 93,701,000 | 104,133,000 | 97,908,000 | 69,566,000 |
distributions payable to noncontrolling interests and redeemable noncontrolling interests | 47,938,000 | 47,072,000 | 44,122,000 | 40,719,000 | 37,816,000 | 41,464,000 | 43,871,000 | 35,067,000 | 34,039,000 | 32,697,000 | 32,103,000 | 30,621,000 | 32,050,000 | 38,125,000 | 36,461,000 | 30,661,000 | 31,582,000 | 33,350,000 | 33,421,000 | 27,726,000 | 28,627,000 | 18,161,000 | 17,751,000 | 17,766,000 | 16,062,000 | 16,808,000 | 16,444,000 | 15,628,000 | 15,847,000 | 15,387,000 | 15,063,000 | 15,134,000 | 13,583,000 | 14,785,000 | 13,212,000 | 11,157,000 | 10,654,000 | 9,817,000 | 8,515,000 | 7,368,000 | 8,144,000 | 7,224,000 | 6,463,000 |
accrued expenses and other liabilities | 483,232,000 | 518,835,000 | 539,419,000 | 490,637,000 | 537,042,000 | 543,752,000 | 410,488,000 | 349,061,000 | 538,117,000 | 381,453,000 | 387,779,000 | 381,271,000 | 406,466,000 | 401,141,000 | 347,696,000 | 320,318,000 | 364,136,000 | 364,481,000 | 312,746,000 | 312,566,000 | 325,614,000 | 196,444,000 | 187,891,000 | 118,869,000 | 148,497,000 | 121,720,000 | 104,328,000 | 103,764,000 | 98,636,000 | 85,897,000 | 98,294,000 | 92,793,000 | 85,639,000 | 54,533,000 | 52,961,000 | 48,675,000 | 59,261,000 | 57,363,000 | 52,015,000 | 53,826,000 | 49,146,000 | 45,636,000 | 42,833,000 |
deferred revenue, current portion | 160,791,000 | 162,839,000 | 159,623,000 | 145,215,000 | 133,878,000 | 129,442,000 | 120,991,000 | 120,006,000 | 120,673,000 | 128,894,000 | 161,511,000 | 160,221,000 | 183,719,000 | 146,098,000 | 131,969,000 | 113,653,000 | 111,739,000 | 109,162,000 | 113,959,000 | 106,749,000 | 108,452,000 | 79,378,000 | 78,750,000 | 78,419,000 | 77,643,000 | 61,336,000 | 59,818,000 | 55,795,000 | 47,407,000 | 46,571,000 | 45,194,000 | 43,659,000 | 77,310,000 | 74,793,000 | 70,601,000 | 74,284,000 | 70,849,000 | 67,553,000 | 65,745,000 | 65,820,000 | 59,726,000 | 52,590,000 | 51,929,000 |
deferred grants, current portion | 8,660,000 | 8,681,000 | 4,178,000 | 8,283,000 | 8,389,000 | 7,900,000 | 8,165,000 | 8,181,000 | 8,199,000 | 8,211,000 | 8,226,000 | 8,239,000 | 8,252,000 | 8,268,000 | 8,284,000 | 8,294,000 | 8,302,000 | 8,302,000 | 8,216,000 | 8,238,000 | 8,251,000 | 8,268,000 | 8,274,000 | 8,089,000 | 8,093,000 | 7,957,000 | 8,029,000 | 7,961,000 | 7,885,000 | 8,719,000 | 8,173,000 | 8,185,000 | 8,269,000 | 7,827,000 | 8,363,000 | 8,394,000 | 8,011,000 | 14,374,000 | 14,383,000 | 14,399,000 | 13,949,000 | 13,980,000 | 14,002,000 |
finance lease obligations, current portion | 23,921,000 | 24,557,000 | 25,360,000 | 25,482,000 | 25,526,000 | 26,045,000 | 26,532,000 | 26,434,000 | 24,015,000 | 18,611,000 | 16,058,000 | 12,460,000 | 11,444,000 | 11,786,000 | 11,597,000 | 11,135,000 | 10,901,000 | 11,163,000 | 10,612,000 | 10,707,000 | 11,037,000 | 7,541,000 | 8,065,000 | 9,167,000 | 10,064,000 | 11,152,000 | 11,206,000 | 9,459,000 | 9,193,000 | 8,372,000 | 7,332,000 | 6,737,000 | |||||||||||
non-recourse debt, current portion | 291,185,000 | 269,510,000 | 311,531,000 | 278,531,000 | 250,422,000 | 231,665,000 | 236,227,000 | 250,980,000 | 245,310,000 | 540,517,000 | 470,530,000 | 194,410,000 | 157,810,000 | 185,800,000 | 188,263,000 | 193,131,000 | 190,186,000 | 193,834,000 | 128,305,000 | 103,498,000 | 195,036,000 | 122,812,000 | 105,381,000 | 71,508,000 | 35,348,000 | 29,402,000 | 35,158,000 | 26,937,000 | 35,484,000 | 27,496,000 | 24,571,000 | 28,646,000 | 21,529,000 | 22,538,000 | |||||||||
total current liabilities | 1,358,953,000 | 1,302,515,000 | 1,420,780,000 | 1,268,642,000 | 1,261,981,000 | 1,334,482,000 | 1,091,508,000 | 1,007,744,000 | 1,273,821,000 | 1,423,268,000 | 1,421,682,000 | 1,150,017,000 | 1,155,451,000 | 1,082,505,000 | 990,998,000 | 1,069,911,000 | 1,012,120,000 | 1,283,626,000 | 1,119,109,000 | 798,835,000 | 901,356,000 | 596,240,000 | 517,299,000 | 474,757,000 | 530,094,000 | 429,012,000 | 637,890,000 | 336,802,000 | 372,191,000 | 383,861,000 | 322,493,000 | 300,288,000 | 335,031,000 | 544,091,000 | 500,750,000 | 238,897,000 | 244,784,000 | 266,653,000 | 256,379,000 | 256,135,000 | 253,167,000 | 231,386,000 | 193,866,000 |
deferred revenue, net of current portion | 1,369,595,000 | 1,350,494,000 | 1,321,558,000 | 1,280,557,000 | 1,238,468,000 | 1,208,905,000 | 1,171,925,000 | 1,141,120,000 | 1,109,391,000 | 1,025,890,000 | 980,488,000 | 938,039,000 | 912,254,000 | 860,887,000 | 809,142,000 | 780,305,000 | 761,872,000 | 739,356,000 | 722,234,000 | 700,382,000 | 690,824,000 | 665,583,000 | 663,797,000 | 660,309,000 | 651,856,000 | 651,727,000 | 643,613,000 | 637,666,000 | 544,218,000 | 539,863,000 | 534,848,000 | 528,423,000 | 584,427,000 | 581,517,000 | 578,484,000 | 578,425,000 | 583,401,000 | 582,276,000 | 579,590,000 | 577,220,000 | 559,066,000 | 524,950,000 | 510,346,000 |
deferred grants, net of current portion | 194,098,000 | 196,726,000 | 191,340,000 | 190,531,000 | 193,009,000 | 196,535,000 | 188,589,000 | 190,949,000 | 193,409,000 | 193,754,000 | 196,187,000 | 198,656,000 | 201,094,000 | 199,433,000 | 201,957,000 | 204,299,000 | 206,615,000 | 205,684,000 | 208,285,000 | 210,863,000 | 213,269,000 | 211,668,000 | 213,956,000 | 217,692,000 | 218,568,000 | 214,411,000 | 217,013,000 | 219,583,000 | 221,739,000 | 220,274,000 | 223,019,000 | 225,278,000 | 228,603,000 | 231,478,000 | 222,184,000 | 224,217,000 | 226,893,000 | 208,952,000 | 212,768,000 | 216,176,000 | 220,784,000 | 224,689,000 | 219,380,000 |
finance lease obligations, net of current portion | 30,734,000 | 36,908,000 | 44,336,000 | 50,736,000 | 58,025,000 | 66,139,000 | 74,627,000 | 80,233,000 | 73,807,000 | 56,472,000 | 46,700,000 | 21,956,000 | 17,302,000 | 16,643,000 | 13,975,000 | 11,849,000 | 11,314,000 | 12,409,000 | 10,295,000 | 11,185,000 | 12,929,000 | 7,689,000 | 8,547,000 | 11,005,000 | 12,895,000 | 14,822,000 | 14,363,000 | 10,246,000 | 9,992,000 | 7,301,000 | 5,685,000 | 4,438,000 | |||||||||||
convertible senior notes | 474,259,000 | 473,749,000 | 473,234,000 | 472,724,000 | 472,226,000 | 479,420,000 | 603,510,000 | 652,379,000 | 662,781,000 | 394,583,000 | 394,009,000 | 393,442,000 | 392,882,000 | 392,310,000 | 391,739,000 | 391,175,000 | 390,618,000 | 390,049,000 | 389,482,000 | 388,960,000 | |||||||||||||||||||||||
line of credit | 152,200,000 | 238,323,000 | 319,210,000 | 336,522,000 | 358,493,000 | 384,226,000 | 392,524,000 | 390,929,000 | 387,002,000 | 517,248,000 | 551,898,000 | 552,253,000 | 505,158,000 | 505,967,000 | 550,967,000 | 470,000,000 | 211,066,000 | 209,284,000 | 217,284,000 | 194,975,000 | 133,294,000 | 140,024,000 | |||||||||||||||||||||
non-recourse debt, net of current portion | 13,877,701,000 | 13,708,532,000 | 13,517,611,000 | 12,945,532,000 | 12,479,475,000 | 11,806,181,000 | 11,219,898,000 | 10,668,063,000 | 9,852,968,000 | 8,785,196,000 | 8,187,400,000 | 7,786,399,000 | 7,343,299,000 | 6,901,087,000 | 6,471,975,000 | 6,084,854,000 | 5,711,020,000 | 5,343,639,000 | 4,874,487,000 | 4,601,570,000 | 4,370,449,000 | 2,137,154,000 | 2,081,725,000 | 2,128,840,000 | 1,980,107,000 | 1,776,872,000 | 1,688,989,000 | 1,558,250,000 | 1,466,438,000 | 1,290,102,000 | 1,226,038,000 | 1,108,383,000 | 1,026,416,000 | 846,257,000 | |||||||||
other liabilities | 152,144,000 | 156,199,000 | 169,324,000 | 167,611,000 | 120,973,000 | 119,846,000 | 212,091,000 | 151,876,000 | 147,204,000 | 138,058,000 | 142,782,000 | 170,267,000 | 140,290,000 | 141,374,000 | 145,769,000 | 150,806,000 | 190,056,000 | 188,784,000 | 230,263,000 | 193,168,000 | 268,684,000 | 199,320,000 | 227,984,000 | 229,052,000 | 141,401,000 | 166,873,000 | 113,992,000 | 84,068,000 | 48,210,000 | 37,717,000 | 39,691,000 | 33,340,000 | 13,520,000 | 10,277,000 | 10,682,000 | 5,646,000 | 5,457,000 | 11,356,000 | 12,165,000 | 8,863,000 | 7,144,000 | 4,810,000 | 3,431,000 |
deferred tax liabilities | 198,844,000 | 163,176,000 | 123,510,000 | 71,058,000 | 97,684,000 | 137,940,000 | 115,258,000 | 111,594,000 | 122,216,000 | 137,294,000 | 90,598,000 | 63,093,000 | 133,047,000 | 122,930,000 | 102,654,000 | 98,982,000 | 101,753,000 | 70,807,000 | 62,284,000 | 86,095,000 | 81,905,000 | 11,093,000 | 36,834,000 | 37,445,000 | 65,964,000 | 67,823,000 | 73,926,000 | 84,804,000 | 93,633,000 | 98,954,000 | 103,939,000 | 96,481,000 | 59,131,000 | 68,975,000 | 54,376,000 | 41,068,000 | 415,397,000 | 334,127,000 | 278,661,000 | 222,596,000 | 190,146,000 | 174,631,000 | 145,344,000 |
total liabilities | 17,808,528,000 | 17,626,622,000 | 17,580,903,000 | 16,783,913,000 | 16,280,334,000 | 15,733,674,000 | 15,069,930,000 | 14,394,887,000 | 14,075,960,000 | 12,952,737,000 | 12,295,521,000 | 11,560,573,000 | 11,089,788,000 | 10,514,821,000 | 9,987,961,000 | 9,573,860,000 | 8,910,665,000 | 8,551,259,000 | 7,936,730,000 | 7,493,365,000 | 7,093,572,000 | 4,378,233,000 | 4,312,855,000 | 4,324,150,000 | 4,168,344,000 | 3,889,830,000 | 3,719,754,000 | 3,499,955,000 | 3,340,703,000 | 3,131,714,000 | 2,924,118,000 | 2,676,479,000 | 2,638,063,000 | 2,427,652,000 | 2,275,819,000 | 2,170,482,000 | 2,510,725,000 | 2,359,967,000 | 2,244,670,000 | 2,068,360,000 | 1,931,447,000 | 1,760,078,000 | 1,618,867,000 |
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||
redeemable noncontrolling interests | 730,224,000 | 709,255,000 | 729,861,000 | 715,585,000 | 657,772,000 | 624,159,000 | 633,817,000 | 635,865,000 | 656,845,000 | 683,449,000 | 609,573,000 | 604,707,000 | 609,702,000 | 609,479,000 | 639,740,000 | 630,511,000 | 594,973,000 | 596,901,000 | 599,313,000 | 536,294,000 | 560,461,000 | 508,061,000 | 450,682,000 | 415,693,000 | 306,565,000 | 336,586,000 | 278,539,000 | 137,616,000 | 126,302,000 | 117,468,000 | 129,929,000 | 133,524,000 | 123,737,000 | 176,460,000 | 163,077,000 | 142,012,000 | 137,907,000 | 150,903,000 | 163,520,000 | 138,049,000 | 147,139,000 | 176,705,000 | 151,288,000 |
stockholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of march 31, 2026 and december 31, 2025; no shares issued and outstanding as of march 31, 2026 and december 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||
common stock | 24,000 | 23,000 | 23,000 | 23,000 | 23,000 | 23,000 | 22,000 | 22,000 | 22,000 | 22,000 | 22,000 | 21,000 | 21,000 | 21,000 | 21,000 | 21,000 | 21,000 | 21,000 | 21,000 | 20,000 | 20,000 | 13,000 | 12,000 | 12,000 | 12,000 | 12,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 2,000 |
additional paid-in capital | 6,938,594,000 | 6,899,277,000 | 6,867,123,000 | 6,823,894,000 | 6,784,061,000 | 6,747,236,000 | 6,707,031,000 | 6,653,582,000 | 6,614,414,000 | 6,575,428,000 | 6,546,814,000 | 6,505,806,000 | 6,470,194,000 | 6,432,240,000 | 6,403,716,000 | 6,359,279,000 | 6,330,344,000 | 6,264,830,000 | 6,226,069,000 | 6,169,247,000 | 6,107,802,000 | 910,388,000 | 806,702,000 | 775,233,000 | 766,006,000 | 755,771,000 | 748,512,000 | 730,126,000 | 722,429,000 | 712,646,000 | 704,146,000 | 693,077,000 | 684,141,000 | 684,398,000 | 679,066,000 | 672,896,000 | 668,076,000 | 660,710,000 | 654,229,000 | 646,092,000 | 642,229,000 | 636,517,000 | 411,890,000 |
accumulated other comprehensive income | 64,411,000 | 50,249,000 | 52,892,000 | 61,173,000 | 37,189,000 | 94,584,000 | 87,532,000 | 119,233,000 | 64,734,000 | 31,521,000 | 78,463,000 | 45,726,000 | 18,856,000 | 16,084,000 | 10,825,000 | -4,113,000 | -3,537,000 | -3,132,000 | 236,000 | 437,000 | |||||||||||||||||||||||
retained earnings | -3,662,275,000 | -3,829,919,000 | -3,933,493,000 | -3,950,082,000 | -4,229,855,000 | -4,279,866,000 | -1,466,209,000 | -1,382,443,000 | -1,521,517,000 | -1,083,575,000 | -14,116,000 | -69,590,000 | 170,798,000 | -90,357,000 | -2,579,000 | 35,940,000 | 11,811,000 | 53,055,000 | 76,844,000 | 246,164,000 | 208,717,000 | 222,279,000 | 251,466,000 | 243,966,000 | 214,976,000 | 216,269,000 | 229,391,000 | 235,279,000 | 238,175,000 | 230,766,000 | 131,959,000 | 73,064,000 | 45,282,000 | 20,161,000 | 4,438,000 | ||||||||
total stockholders’ equity | 3,340,754,000 | 3,132,484,000 | 2,983,902,000 | 2,926,727,000 | 2,615,402,000 | 2,554,207,000 | 5,278,033,000 | 5,365,745,000 | 5,180,451,000 | 5,611,108,000 | 6,597,454,000 | 6,467,758,000 | 6,708,122,000 | 6,618,501,000 | 6,346,680,000 | 6,264,342,000 | 6,254,736,000 | 6,223,110,000 | 6,156,457,000 | 6,165,560,000 | 6,077,911,000 | 1,033,545,000 | 888,167,000 | 872,473,000 | 964,731,000 | 926,829,000 | 915,545,000 | 924,540,000 | 948,707,000 | 966,792,000 | 958,416,000 | 934,679,000 | 811,998,000 | 753,936,000 | 721,227,000 | 693,303,000 | 672,961,000 | 630,939,000 | 606,858,000 | 565,793,000 | 554,069,000 | 561,606,000 | 343,864,000 |
noncontrolling interests | 885,587,000 | 1,142,235,000 | 930,816,000 | 803,910,000 | 824,347,000 | 985,844,000 | 1,122,543,000 | 1,046,862,000 | 921,087,000 | 779,821,000 | 988,090,000 | 1,095,289,000 | 861,193,000 | 825,257,000 | 826,221,000 | 786,409,000 | 722,878,000 | 718,399,000 | 736,336,000 | 690,742,000 | 650,999,000 | 386,995,000 | 353,338,000 | 326,191,000 | 366,701,000 | 318,773,000 | 293,542,000 | 377,571,000 | 334,075,000 | 317,225,000 | 286,905,000 | 356,549,000 | 354,076,000 | 359,705,000 | 328,979,000 | 313,231,000 | 251,225,000 | 214,359,000 | 121,796,000 | 169,378,000 | 105,491,000 | 84,637,000 | 126,731,000 |
total equity | 4,226,341,000 | 4,274,719,000 | 3,914,718,000 | 3,730,637,000 | 3,439,749,000 | 3,540,051,000 | 6,400,576,000 | 6,412,607,000 | 6,101,538,000 | 6,390,929,000 | 7,585,544,000 | 7,563,047,000 | 7,569,315,000 | 7,443,758,000 | 7,172,901,000 | 7,050,751,000 | 6,977,614,000 | 6,941,509,000 | 6,892,793,000 | 6,856,302,000 | 6,728,910,000 | 1,420,540,000 | 1,241,505,000 | 1,198,664,000 | 1,331,432,000 | 1,245,602,000 | 1,209,087,000 | 1,302,111,000 | 1,282,782,000 | 1,284,017,000 | 1,245,321,000 | 1,291,228,000 | 1,166,074,000 | 1,113,641,000 | 1,050,206,000 | 1,006,534,000 | 924,186,000 | 845,298,000 | 728,654,000 | 735,171,000 | 659,560,000 | 646,243,000 | 470,595,000 |
total liabilities, redeemable noncontrolling interests and total equity | 22,765,093,000 | 22,610,596,000 | 22,225,482,000 | 21,230,135,000 | 20,377,855,000 | 19,897,884,000 | 22,104,323,000 | 21,443,359,000 | 20,834,343,000 | 20,027,115,000 | 20,490,638,000 | 19,728,327,000 | 19,268,805,000 | 18,568,058,000 | 17,800,602,000 | 17,255,122,000 | 16,483,252,000 | 16,089,669,000 | 15,428,836,000 | 14,885,961,000 | 14,382,943,000 | 6,306,834,000 | 6,005,042,000 | 5,938,507,000 | 5,806,341,000 | 5,472,018,000 | 5,207,380,000 | 4,939,682,000 | 4,749,787,000 | 4,533,199,000 | 4,299,368,000 | 4,101,231,000 | 3,927,874,000 | 3,717,753,000 | 3,489,102,000 | 3,319,028,000 | 3,572,818,000 | 3,356,168,000 | 3,136,844,000 | 2,941,580,000 | 2,738,146,000 | 2,583,026,000 | 2,240,750,000 |
preferred stock, 0.0001 par value—authorized, 200,000 shares as of december 31, 2025 and 2024; no shares issued and outstanding as of december 31, 2025 and 2024 | |||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | 63,103,000 | 86,814,000 | 67,109,000 | -4,601,000 | -73,050,000 | -77,681,000 | -81,444,000 | -56,762,000 | -106,755,000 | -123,020,000 | -127,264,000 | -125,051,000 | -52,753,000 | -72,920,000 | -47,954,000 | -21,866,000 | -3,124,000 | -5,187,000 | -5,909,000 | -6,194,000 | -921,000 | -2,695,000 | 1,425,000 | ||||||||||||||||||||
solar energy systems | 16,599,888,000 | 16,063,482,000 | 15,497,538,000 | 15,032,115,000 | 14,427,903,000 | 13,856,654,000 | 13,422,536,000 | 12,528,617,000 | 11,936,621,000 | 11,368,850,000 | 10,988,361,000 | 10,573,591,000 | 10,178,767,000 | 9,772,062,000 | 9,459,696,000 | 9,126,451,000 | 8,767,069,000 | 8,460,443,000 | 8,202,788,000 | 4,979,322,000 | 4,774,425,000 | 4,644,044,000 | 4,492,615,000 | 4,333,387,000 | 4,149,883,000 | 3,976,504,000 | 3,820,017,000 | 3,618,125,000 | 3,437,822,000 | 3,285,804,000 | 3,319,708,000 | 3,147,383,000 | 2,951,260,000 | 2,790,424,000 | 2,629,366,000 | 2,461,506,000 | 2,282,729,000 | 2,137,015,000 | 1,992,021,000 | 1,837,047,000 | 1,695,728,000 | ||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of september 30, 2025 and december 31, 2024; no shares issued and outstanding as of september 30, 2025 and december 31, 2024 | |||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of june 30, 2025 and december 31, 2024; no shares issued and outstanding as of june 30, 2025 and december 31, 2024 | |||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of march 31, 2025 and december 31, 2024; no shares issued and outstanding as of march 31, 2025 and december 31, 2024 | |||||||||||||||||||||||||||||||||||||||||||
goodwill | 3,122,168,000 | 3,122,168,000 | 3,122,168,000 | 3,122,168,000 | 4,280,169,000 | 4,280,169,000 | 4,280,169,000 | 4,280,169,000 | 4,280,169,000 | 4,280,169,000 | 4,280,169,000 | 4,280,169,000 | 4,280,169,000 | 4,280,169,000 | 4,280,169,000 | 95,094,000 | 95,094,000 | 95,094,000 | 95,094,000 | 95,094,000 | 87,543,000 | 87,543,000 | 87,543,000 | 87,543,000 | 87,543,000 | 87,543,000 | 87,543,000 | 87,543,000 | 87,543,000 | 87,543,000 | 87,543,000 | 87,543,000 | 87,543,000 | 87,543,000 | 87,543,000 | 87,555,000 | 87,555,000 | ||||||
pass-through financing obligation, current portion | 1,050,000 | 1,458,000 | 16,545,000 | 16,432,000 | 16,648,000 | 16,827,000 | 16,544,000 | 16,230,000 | 7,527,000 | 7,454,000 | 7,166,000 | 6,982,000 | 16,791,000 | 17,121,000 | 16,898,000 | 11,832,000 | 11,292,000 | 11,148,000 | 11,031,000 | 10,744,000 | 10,666,000 | 11,281,000 | 26,461,000 | 55,355,000 | 38,762,000 | 5,439,000 | |||||||||||||||||
pass-through financing obligation, net of current portion | 253,361,000 | 280,974,000 | 283,777,000 | 286,451,000 | 289,011,000 | 291,685,000 | 308,785,000 | 311,679,000 | 314,231,000 | 316,905,000 | 320,291,000 | 322,110,000 | 323,496,000 | 324,576,000 | 326,278,000 | 327,090,000 | 327,974,000 | 329,255,000 | 329,968,000 | 329,501,000 | 337,282,000 | 306,642,000 | 221,405,000 | 132,848,000 | |||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of december 31, 2024 and 2023; no shares issued and outstanding as of december 31, 2024 and 2023 | |||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of september 30, 2024 and december 31, 2023; no shares issued and outstanding as of september 30, 2024 and december 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of june 30, 2024 and december 31, 2023; no shares issued and outstanding as of june 30, 2024 and december 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of march 31, 2024 and december 31, 2023; no shares issued and outstanding as of march 31, 2024 and december 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||
intangible assets | 1,273,000 | 5,075,000 | 6,186,000 | 7,527,000 | 8,868,000 | 10,209,000 | 11,550,000 | 12,891,000 | 14,233,000 | 15,574,000 | 17,109,000 | 18,262,000 | 15,725,000 | 16,892,000 | 18,060,000 | 19,543,000 | 21,067,000 | 8,382,000 | 9,195,000 | 10,088,000 | 11,140,000 | 12,191,000 | 13,243,000 | 14,294,000 | 15,345,000 | 16,397,000 | 17,448,000 | 18,499,000 | 19,551,000 | 20,602,000 | 21,653,000 | 22,705,000 | 23,756,000 | 24,808,000 | |||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of september 30, 2023 and december 31, 2022; no shares issued and outstanding as of september 30, 2023 and december 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of june 30, 2023 and december 31, 2022; no shares issued and outstanding as of june 30, 2023 and december 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of march 31, 2023 and december 31, 2022; no shares issued and outstanding as of march 31, 2023 and december 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of december 31, 2022 and 2021; no shares issued and outstanding as of december 31, 2022 and 2021 | |||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of september 30, 2022 and december 31, 2021; no shares issued and outstanding as of september 30, 2022 and december 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||
retained deficit | 107,777,000 | -102,783,000 | |||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of june 30, 2022 and december 31, 2021; no shares issued and outstanding as of june 30, 2022 and december 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of march 31, 2022 and december 31, 2021; no shares issued and outstanding as of march 31, 2022 and december 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of december 31, 2021 and 2020; no shares issued and outstanding as of december 31, 2021 and 2020 | |||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of september 30, 2021 and december 31, 2020; no shares issued and outstanding as of september 30, 2021 and december 31, 2020 | |||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of june 30, 2021 and december 31, 2020; no shares issued and outstanding as of june 30, 2021 and december 31, 2020 | |||||||||||||||||||||||||||||||||||||||||||
recourse debt | 180,197,000 | 230,660,000 | 224,910,000 | 236,435,000 | 237,960,000 | 239,485,000 | 239,035,000 | 239,035,000 | 247,000,000 | 247,000,000 | 247,000,000 | 247,000,000 | 247,400,000 | 244,000,000 | 244,000,000 | 242,400,000 | 191,000,000 | ||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of march 31, 2021 and december 31, 2020; no shares issued and outstanding as of march 31, 2021 and december 31, 2020 | |||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of december 31, 2020 and 2019; no shares issued and outstanding as of december 31, 2020 and 2019 | |||||||||||||||||||||||||||||||||||||||||||
state tax credits receivable | 7,780,000 | 6,466,000 | 2,697,000 | 11,085,000 | 11,085,000 | 11,085,000 | 13,713,000 | 9,198,000 | |||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000,000 shares as of september 30, 2020 and december 31, 2019; no shares issued and outstanding as of september 30, 2020 and december 31, 2019 | |||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of june 30, 2020 and december 31, 2019; no shares issued and outstanding as of june 30, 2020 and december 31, 2019 | |||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of march 31, 2020 and december 31, 2019; no shares issued and outstanding as of march 31, 2020 and december 31, 2019 | |||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of december 31, 2019 and 2018; no shares issued and outstanding as of december 31, 2019 and 2018 | |||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of september 30, 2019 and december 31, 2018; no shares issued and outstanding as of september 30, 2019 and december 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||
recourse debt, current portion | 239,035,000 | 247,000,000 | 247,000,000 | ||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of june 30, 2019 and december 31, 2018; no shares issued and outstanding as of june 30, 2019 and december 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of march 31, 2019 and december 31, 2018; no shares issued and outstanding as of march 31, 2019 and december 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of december 31, 2018 and 2017; no shares issued and outstanding as of december 31, 2018 and 2017 | |||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of september 30, 2018 and december 31, 2017; no shares issued and outstanding as of september 30, 2018 and december 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of june 30, 2018 and december 31, 2017; no shares issued and outstanding as of june 30, 2018 and december 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of march 31, 2018 and december 31, 2017; no shares issued and outstanding as of march 31, 2018 and december 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||
prepaid tax asset | 378,541,000 | 323,676,000 | 278,602,000 | 222,596,000 | 190,146,000 | 170,000,000 | 142,785,000 | ||||||||||||||||||||||||||||||||||||
capital lease obligations, current portion | 7,421,000 | 7,883,000 | 8,525,000 | 9,198,000 | 10,015,000 | 11,127,000 | 11,371,000 | ||||||||||||||||||||||||||||||||||||
lease pass-through financing obligation, current portion | 6,087,000 | 6,043,000 | 5,869,000 | 5,872,000 | 5,823,000 | 5,177,000 | 4,301,000 | 4,540,000 | 3,710,000 | 2,837,000 | 3,321,000 | ||||||||||||||||||||||||||||||||
capital lease obligations, net of current portion | 5,811,000 | 7,060,000 | 8,745,000 | 10,701,000 | 12,965,000 | 15,582,000 | 16,916,000 | ||||||||||||||||||||||||||||||||||||
recourse debt, net of current portion | 247,000,000 | ||||||||||||||||||||||||||||||||||||||||||
lease pass-through financing obligation, net of current portion | 138,124,000 | 137,997,000 | 139,249,000 | 138,050,000 | 137,958,000 | 138,121,000 | 139,873,000 | 143,020,000 | 153,188,000 | 124,160,000 | 203,392,000 | ||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of december 31, 2017 and 2016; no shares issued and outstanding as of december 31, 2017 and 2016 | |||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of september 30, 2017 and december 31, 2016; no shares issued and outstanding as of september 30, 2017 and december 31, 2016 | |||||||||||||||||||||||||||||||||||||||||||
long-term non-recourse debt, current portion | 18,883,000 | 15,797,000 | 14,153,000 | 12,573,000 | 6,368,000 | 5,591,000 | |||||||||||||||||||||||||||||||||||||
long-term non-recourse debt, net of current portion | 761,349,000 | 686,078,000 | 639,870,000 | 558,900,000 | 505,918,000 | 436,196,000 | |||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of june 30, 2017 and december 31, 2016; no shares issued and outstanding as of june 30, 2017 and december 31, 2016 | |||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of march 31, 2017 and december 31, 2016; no shares issued and outstanding as of march 31, 2017 and december 31, 2016 | |||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of december 31, 2016 and 2015; no shares issued and outstanding as of december 31, 2016 and 2015 | |||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of september 30, 2016 and december 31, 2015; no shares issued and outstanding as of september 30, 2016 and december 31, 2015 | |||||||||||||||||||||||||||||||||||||||||||
accumulated deficit | -24,594,000 | -41,472,000 | -74,115,000 | -87,249,000 | -72,226,000 | -69,458,000 | |||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of june 30, 2016 and december 31, 2015; no shares issued and outstanding as of june 30, 2016 and december 31, 2015 | |||||||||||||||||||||||||||||||||||||||||||
capital lease obligation, current portion | 10,890,000 | 8,951,000 | 6,441,000 | 3,928,000 | |||||||||||||||||||||||||||||||||||||||
capital lease obligation, net of current portion | 17,154,000 | 15,042,000 | 11,406,000 | 7,210,000 | |||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 shares as of march 31, 2016 and december 31, 2015; issued and outstanding, 0 shares as of march 31, 2016 and december 31, 2015 | |||||||||||||||||||||||||||||||||||||||||||
long-term debt, current portion | 2,085,000 | 1,803,000 | 1,824,000 | ||||||||||||||||||||||||||||||||||||||||
solar asset-backed notes, current portion | 3,323,000 | 2,967,000 | |||||||||||||||||||||||||||||||||||||||||
long-term debt | 232,378,000 | 224,021,000 | 195,874,000 | ||||||||||||||||||||||||||||||||||||||||
solar asset-backed notes, net of current portion | 105,557,000 | 106,731,000 | |||||||||||||||||||||||||||||||||||||||||
convertible preferred stock | 5,000 | ||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value—authorized, 200,000 and 0 shares as of december 31, 2015 and 2014, respectively; issued and outstanding, 0 shares as of december 31, 2015 and 2014 | |||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 263,006,000 | 116,610,000 | |||||||||||||||||||||||||||||||||||||||||
grants receivable | 9,198,000 | ||||||||||||||||||||||||||||||||||||||||||
deferred tax assets, current | 4,632,000 | 2,559,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities: | ||||||||||||||||||||||||||||||||||||||||||
net loss | -297,333,000 | -175,106,000 | -277,845,000 | -278,984,000 | -277,171,000 | -3,399,951,000 | -412,188,000 | -259,928,000 | -283,150,000 | -1,470,938,000 | -340,724,000 | -335,773,000 | -327,914,000 | -155,506,000 | -209,756,000 | -156,469,000 | -321,466,000 | -241,333,000 | -213,409,000 | -204,322,000 | -297,449,000 | -85,401,000 | -134,549,000 | -109,549,000 | -86,997,000 | -112,534,000 | -104,585,000 | -86,906,000 | -49,515,000 | -47,524,000 | -71,727,000 | -91,420,000 | -68,221,000 | -80,187,000 | -65,242,000 | -73,084,000 | ||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization, net of amortization of deferred grants | 189,556,000 | 184,429,000 | 181,546,000 | 189,713,000 | 169,890,000 | 162,343,000 | 155,528,000 | 152,485,000 | 150,520,000 | 138,756,000 | 126,784,000 | 123,105,000 | 119,190,000 | 118,620,000 | 107,126,000 | 106,110,000 | 102,095,000 | 98,856,000 | 95,190,000 | 91,955,000 | 86,685,000 | 53,242,000 | 51,994,000 | 51,021,000 | 48,543,000 | 49,601,000 | 45,358,000 | 43,661,000 | 42,296,000 | 39,731,000 | 37,794,000 | 36,186,000 | 36,687,000 | 34,392,000 | 33,572,000 | 31,710,000 | 30,535,000 | 27,006,000 | 24,968,000 | 21,596,000 | 20,314,000 | 18,386,000 |
deferred income taxes | 7,067,000 | -96,103,000 | -110,550,000 | 136,000 | -13,803,000 | -10,948,000 | -2,202,000 | 29,844,000 | 18,676,000 | -59,613,000 | -3,277,000 | 28,316,000 | 9,980,000 | -14,563,000 | -14,126,000 | -30,149,000 | -27,293,000 | 211,000 | -3,342,000 | -8,116,000 | 5,169,000 | -1,910,000 | -3,361,000 | 2,732,000 | -5,992,000 | 4,379,000 | 8,203,000 | -5,486,000 | 14,836,000 | 15,451,000 | 7,337,000 | |||||||||||
stock-based compensation expense | 26,302,000 | 28,332,000 | 29,591,000 | 25,024,000 | 25,005,000 | 28,869,000 | 26,992,000 | 28,095,000 | 28,869,000 | 27,723,000 | 28,237,000 | 28,266,000 | 21,931,000 | 22,830,000 | 26,653,000 | 39,219,000 | 50,246,000 | 39,262,000 | 43,463,000 | 78,029,000 | 133,043,000 | 8,217,000 | 22,018,000 | 7,309,000 | 6,886,000 | 6,854,000 | 6,783,000 | 5,783,000 | 5,873,000 | 5,741,000 | 5,548,000 | 10,694,000 | 5,548,000 | 5,105,000 | 5,515,000 | 5,874,000 | 4,697,000 | 5,379,000 | 4,838,000 | 3,809,000 | ||
unrealized loss on derivatives | -18,366,000 | -23,459,000 | 16,079,000 | 17,555,000 | 45,070,000 | -122,319,000 | -55,103,000 | |||||||||||||||||||||||||||||||||||
other noncash items | 79,797,000 | 89,739,000 | 79,288,000 | 77,307,000 | 61,499,000 | 105,220,000 | 65,436,000 | 25,184,000 | 14,639,000 | 63,750,000 | 51,318,000 | 27,366,000 | 27,283,000 | 19,863,000 | 34,678,000 | -28,173,000 | 21,944,000 | 38,164,000 | 28,943,000 | -28,451,000 | 19,793,000 | 10,946,000 | 8,859,000 | 11,442,000 | 9,280,000 | 9,786,000 | ||||||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||
accounts receivable | 22,086,000 | -24,017,000 | -68,609,000 | -20,233,000 | -6,906,000 | 5,741,000 | -7,113,000 | -12,231,000 | -1,371,000 | 22,688,000 | -3,317,000 | -9,385,000 | 545,000 | -7,841,000 | -22,234,000 | -57,232,000 | 28,046,000 | -17,811,000 | -40,048,000 | -32,311,000 | 2,261,000 | -12,401,000 | 4,084,000 | 11,044,000 | -3,821,000 | 1,805,000 | -12,701,000 | -147,000 | 356,000 | 6,981,000 | -12,684,000 | -360,000 | -3,907,000 | -9,748,000 | -10,577,000 | 6,362,000 | -8,509,000 | 5,299,000 | 289,000 | 3,595,000 | -9,518,000 | -1,783,000 |
inventories | 30,896,000 | 68,701,000 | -78,838,000 | -76,748,000 | -12,318,000 | -59,735,000 | 10,777,000 | 58,868,000 | 47,753,000 | 129,939,000 | 96,150,000 | -103,986,000 | -194,810,000 | -41,675,000 | 8,527,000 | -49,127,000 | -62,300,000 | -103,096,000 | -51,651,000 | -6,727,000 | -35,050,000 | 32,540,000 | 47,107,000 | 2,957,000 | -150,794,000 | -19,948,000 | -13,645,000 | 3,283,000 | 16,511,000 | -14,674,000 | 6,598,000 | 6,525,000 | -31,104,000 | -10,579,000 | 6,859,000 | 7,723,000 | 18,615,000 | 2,266,000 | 6,475,000 | -23,314,000 | -19,351,000 | -14,103,000 |
prepaid expenses and other assets | -137,889,000 | -189,579,000 | -208,568,000 | -45,761,000 | -199,993,000 | -134,946,000 | -135,678,000 | |||||||||||||||||||||||||||||||||||
accounts payable | 78,710,000 | -44,975,000 | -71,446,000 | 51,982,000 | -15,618,000 | 141,070,000 | 45,217,000 | -68,479,000 | 59,641,000 | -36,439,000 | -18,404,000 | -1,428,000 | 55,221,000 | 19,734,000 | -134,922,000 | 100,425,000 | -53,480,000 | 68,115,000 | 50,818,000 | 1,479,000 | 11,795,000 | 41,422,000 | -43,331,000 | -55,604,000 | 60,612,000 | 8,311,000 | 21,010,000 | -22,577,000 | -9,441,000 | 51,129,000 | -19,858,000 | -12,982,000 | 16,168,000 | 29,033,000 | 6,993,000 | -4,357,000 | -18,116,000 | -12,331,000 | 214,000 | -10,103,000 | 13,341,000 | 14,854,000 |
accrued expenses and other liabilities | -16,107,000 | 73,011,000 | 10,696,000 | -26,927,000 | 27,910,000 | 4,182,000 | 68,707,000 | 4,304,000 | 3,395,000 | 24,023,000 | -21,734,000 | -26,776,000 | -8,679,000 | 52,676,000 | 47,905,000 | -27,780,000 | 5,242,000 | 9,256,000 | 4,584,000 | 14,113,000 | 15,658,000 | -10,766,000 | 36,469,000 | -51,667,000 | 27,550,000 | 13,006,000 | -6,199,000 | 7,724,000 | 32,013,000 | -14,688,000 | 5,009,000 | -7,048,000 | 13,940,000 | -84,000 | 4,162,000 | -15,445,000 | 3,805,000 | 4,796,000 | 3,535,000 | -317,000 | 13,600,000 | -641,000 |
deferred revenue | 17,243,000 | 44,755,000 | 55,370,000 | 53,323,000 | 34,744,000 | 55,297,000 | 32,013,000 | 31,279,000 | 34,173,000 | 12,913,000 | 44,034,000 | 2,413,000 | 93,509,000 | 66,242,000 | 39,810,000 | 27,736,000 | 28,563,000 | 12,493,000 | 29,131,000 | 8,008,000 | 25,870,000 | 2,543,000 | 2,539,000 | 10,565,000 | 16,486,000 | 9,741,000 | 10,347,000 | 101,848,000 | 5,811,000 | 26,137,000 | -12,011,000 | 7,456,000 | 5,184,000 | 7,912,000 | -3,284,000 | -1,030,000 | 3,118,000 | 3,881,000 | -2,277,000 | 5,572,000 | 15,828,000 | 11,602,000 |
deferred tax liabilities | 28,661,000 | 4,848,000 | ||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | 10,623,000 | 96,948,000 | -121,523,000 | -292,659,000 | -104,206,000 | -258,359,000 | -156,156,000 | -208,545,000 | -143,093,000 | -63,240,000 | -202,170,000 | -439,323,000 | -304,673,000 | -89,859,000 | -197,852,000 | -256,409,000 | -281,357,000 | -180,065,000 | -170,117,000 | -185,647,000 | -151,213,000 | -14,506,000 | -35,368,000 | -116,885,000 | -98,379,000 | -49,493,000 | -68,030,000 | 11,415,000 | 81,295,000 | -32,575,000 | -65,427,000 | -45,754,000 | -21,845,000 | -5,709,000 | -4,350,000 | -29,107,000 | -23,349,000 | -28,818,000 | -21,018,000 | -77,395,000 | -33,334,000 | -27,330,000 |
capital expenditures | 30,764,000 | 774,000 | -13,043,000 | 27,519,000 | 41,202,000 | -19,471,000 | -326,000 | -3,862,000 | 62,901,000 | -601,000 | -6,373,000 | 65,561,000 | 1,698,000 | -10,504,000 | 10,741,000 | 41,189,000 | -3,368,000 | -18,565,000 | 3,012,000 | 60,731,000 | -16,579,000 | 7,064,000 | 32,294,000 | 40,559,000 | -11,356,000 | 1,131,000 | 14,813,000 | 21,786,000 | 1,852,000 | 656,000 | 3,998,000 | 15,712,000 | -11,581,000 | 2,430,000 | 962,000 | 19,858,000 | -2,147,000 | -2,189,000 | -3,185,000 | -5,023,000 | -4,611,000 | -3,728,000 |
free cash flows | 41,387,000 | 97,722,000 | -134,566,000 | -265,140,000 | -63,004,000 | -277,830,000 | -156,482,000 | -212,407,000 | -80,192,000 | -63,841,000 | -208,543,000 | -373,762,000 | -302,975,000 | -100,363,000 | -187,111,000 | -215,220,000 | -284,725,000 | -198,630,000 | -167,105,000 | -124,916,000 | -167,792,000 | -7,442,000 | -3,074,000 | -76,326,000 | -109,735,000 | -48,362,000 | -53,217,000 | 33,201,000 | 83,147,000 | -31,919,000 | -61,429,000 | -30,042,000 | -33,426,000 | -3,279,000 | -3,388,000 | -9,249,000 | -25,496,000 | -31,007,000 | -24,203,000 | -82,418,000 | -37,945,000 | -31,058,000 |
investing activities: | ||||||||||||||||||||||||||||||||||||||||||
payments for the costs of energy systems | -424,428,000 | |||||||||||||||||||||||||||||||||||||||||
purchase of equity investment | -3,717,000 | 0 | 0 | 0 | -75,000,000 | |||||||||||||||||||||||||||||||||||||
purchases of property and equipment | -409,000 | 774,000 | -1,489,000 | -843,000 | -219,000 | -627,000 | -202,000 | -4,274,000 | 3,531,000 | -4,666,000 | -7,636,000 | -3,996,000 | -7,383,000 | -6,517,000 | 2,168,000 | -6,471,000 | 3,064,000 | -6,128,000 | -5,473,000 | -39,000 | -711,000 | -47,000 | 768,000 | -3,105,000 | -4,161,000 | -7,234,000 | -11,433,000 | -2,517,000 | -1,872,000 | -317,000 | -1,241,000 | -1,521,000 | -2,000,000 | -1,492,000 | -1,854,000 | -2,610,000 | -2,147,000 | -2,189,000 | -3,185,000 | -5,023,000 | -4,611,000 | -3,728,000 |
net cash from investing activities | -428,554,000 | -408,855,000 | -743,641,000 | -692,821,000 | -655,021,000 | -792,412,000 | -764,363,000 | -608,805,000 | -535,444,000 | -741,447,000 | -700,262,000 | -510,310,000 | -518,690,000 | -547,078,000 | -518,197,000 | -502,101,000 | -488,215,000 | -440,919,000 | -400,000,000 | -357,051,000 | 188,963,000 | -322,335,000 | -153,952,000 | -210,465,000 | -225,212,000 | -215,663,000 | -200,983,000 | -201,397,000 | -237,056,000 | -224,536,000 | -185,013,000 | -164,711,000 | -223,183,000 | -227,954,000 | -190,431,000 | -170,759,000 | -199,420,000 | -200,012,000 | -176,028,000 | -169,652,000 | -195,637,000 | -154,783,000 |
financing activities: | ||||||||||||||||||||||||||||||||||||||||||
proceeds from state tax credits, net of recapture | 12,384,000 | 0 | 0 | 0 | 0 | 0 | 0 | 4,033,000 | -344,000 | -192,000 | 1,342,000 | -1,418,000 | -275,000 | 2,604,000 | -62,000 | 515,000 | 10,483,000 | -49,000 | 988,000 | -386,000 | -217,000 | 13,388,000 | 0 | -42,000 | ||||||||||||||||||
repayment of trade receivable financing | -95,758,000 | -71,323,000 | -99,519,000 | -24,742,000 | ||||||||||||||||||||||||||||||||||||||
proceeds from line of credit | 182,500,000 | 182,500,000 | 49,800,000 | 1,862,000 | 148,824,000 | 48,700,000 | 161,824,000 | 3,927,000 | 139,805,000 | 295,014,000 | 213,053,000 | 143,331,000 | 146,300,000 | 238,000,000 | 290,967,000 | 490,000,000 | 211,066,000 | 102,001,000 | ||||||||||||||||||||||||
repayment of line of credit | -268,622,000 | -263,387,000 | -67,112,000 | -23,833,000 | -174,557,000 | -56,998,000 | -160,229,000 | 0 | -292,305,000 | -359,572,000 | -183,500,000 | -96,236,000 | -147,109,000 | -283,000,000 | -210,000,000 | -231,066,000 | -209,284,000 | -110,000,000 | ||||||||||||||||||||||||
proceeds from issuance of convertible senior notes, net of capped call transaction | 0 | 0 | 0 | 444,822,000 | 2,000 | 0 | ||||||||||||||||||||||||||||||||||||
repurchase of convertible senior notes | -5,457,000 | 0 | 0 | 0 | -2,124,000 | -117,235,000 | -45,562,000 | -10,069,000 | -173,715,000 | |||||||||||||||||||||||||||||||||
proceeds from issuance of non-recourse debt | 808,005,000 | 214,700,000 | 1,847,950,000 | 527,800,000 | 1,520,629,000 | 644,950,000 | 749,700,000 | 1,845,150,000 | 770,106,000 | 1,724,370,000 | 950,230,000 | 514,880,000 | 1,047,200,000 | 995,652,000 | 932,278,000 | 453,700,000 | 495,735,000 | 933,223,000 | 326,399,000 | 431,633,000 | 308,543,000 | 245,699,000 | 5,500,000 | 191,751,000 | 499,499,000 | 140,801,000 | 359,597,000 | 181,652,000 | 492,168,000 | 238,144,000 | 154,332,000 | 95,900,000 | 454,720,000 | 94,561,000 | 161,300,000 | 38,225,000 | 106,400,000 | |||||
repayment of non-recourse debt | -665,674,000 | -115,320,000 | -1,256,945,000 | -75,266,000 | -838,483,000 | -102,748,000 | -238,489,000 | -1,022,193,000 | -431,532,000 | -1,061,809,000 | -287,022,000 | -50,968,000 | -632,708,000 | -542,117,000 | -541,018,000 | -83,585,000 | -103,045,000 | -427,251,000 | -32,386,000 | -293,409,000 | -191,088,000 | -171,059,000 | -24,315,000 | -12,997,000 | -282,408,000 | -74,626,000 | -214,226,000 | -99,248,000 | -293,561,000 | -175,356,000 | -41,555,000 | -7,122,000 | -269,962,000 | -7,971,000 | -79,926,000 | -4,904,000 | -4,963,000 | -1,570,000 | -14,383,000 | -2,160,000 | ||
payment of debt fees | -18,238,000 | -3,522,000 | -35,672,000 | -240,000 | -28,018,000 | -128,000 | -10,723,000 | -35,245,000 | -47,779,000 | -29,809,000 | -16,388,000 | -733,000 | -20,712,000 | -11,693,000 | -22,018,000 | -8,571,000 | -11,036,000 | -13,880,000 | -13,517,000 | -15,360,000 | -5,730,000 | -18,928,000 | -2,297,000 | -4,808,000 | -2,654,000 | -15,010,000 | -706,000 | -5,253,000 | -3,880,000 | -8,060,000 | -1,377,000 | -127,000 | -1,337,000 | -2,908,000 | -9,369,000 | -47,000 | -11,950,000 | |||||
proceeds from pass-through financing and other obligations | 0 | 1,192,000 | 1,795,000 | 1,808,000 | 2,392,000 | 2,316,000 | 2,004,000 | 2,194,000 | -2,811,000 | 2,351,000 | 1,911,000 | 2,175,000 | 2,559,000 | 2,812,000 | 2,486,000 | 2,973,000 | 2,007,000 | 1,959,000 | 1,762,000 | 1,917,000 | 1,941,000 | 3,497,000 | 1,785,000 | -69,560,000 | 135,010,000 | |||||||||||||||||
repayment of pass-through financing obligation | 0 | 0 | -220,288,000 | -20,000,000 | ||||||||||||||||||||||||||||||||||||||
payment of finance lease obligations | -6,121,000 | -6,148,000 | -6,251,000 | -6,303,000 | -6,483,000 | -6,605,000 | -6,884,000 | -7,019,000 | -6,732,000 | -6,035,000 | -6,283,000 | -4,477,000 | -3,657,000 | -3,713,000 | -3,477,000 | -3,299,000 | -3,109,000 | -3,106,000 | -3,050,000 | -3,087,000 | -2,815,000 | -2,218,000 | -2,592,000 | -2,953,000 | -3,470,000 | -4,004,000 | -3,444,000 | -3,001,000 | -2,635,000 | -2,309,000 | -1,968,000 | -2,113,000 | ||||||||||
contributions received from noncontrolling interests and redeemable noncontrolling interests | 305,812,000 | 542,078,000 | 524,815,000 | 679,384,000 | 255,900,000 | 521,480,000 | 494,569,000 | 631,580,000 | 164,337,000 | 355,002,000 | 359,789,000 | 397,750,000 | 489,243,000 | 393,799,000 | 301,258,000 | 230,493,000 | 338,400,000 | 324,342,000 | 328,297,000 | 247,693,000 | 206,206,000 | 236,906,000 | 204,045,000 | 170,904,000 | 140,419,000 | 241,184,000 | 178,162,000 | 152,149,000 | 97,443,000 | 80,236,000 | 23,864,000 | 143,604,000 | 123,599,000 | 167,777,000 | 140,980,000 | 162,565,000 | 151,335,000 | 182,586,000 | 84,677,000 | 154,944,000 | 59,980,000 | 60,062,000 |
distributions paid to noncontrolling interests and redeemable noncontrolling interests | -75,650,000 | -69,632,000 | -58,299,000 | -58,547,000 | -60,253,000 | -70,269,000 | -55,985,000 | -107,569,000 | -74,834,000 | -52,192,000 | -57,443,000 | -63,901,000 | -65,528,000 | -51,774,000 | -49,086,000 | -51,245,000 | -54,430,000 | -52,302,000 | -41,821,000 | -47,913,000 | -48,682,000 | -22,612,000 | -20,937,000 | -18,992,000 | -23,761,000 | -17,286,000 | -17,160,000 | -18,447,000 | -27,672,000 | -17,425,000 | -18,038,000 | -15,263,000 | -15,769,000 | -14,126,000 | -11,748,000 | -12,887,000 | -11,793,000 | -9,492,000 | -8,271,000 | -9,986,000 | -8,489,000 | -6,531,000 |
acquisition of noncontrolling interest | -1,000 | -14,485,000 | -4,761,000 | -1,501,000 | -18,774,000 | -1,159,000 | -32,090,000 | -7,009,000 | -7,175,000 | -5,198,000 | -7,200,000 | 0 | -30,173,000 | -37,377,000 | 0 | -4,195,000 | 0 | 0 | -4,600,000 | |||||||||||||||||||||||
proceeds from transfer of investment tax credits | 340,110,000 | 446,214,000 | 295,778,000 | 236,098,000 | 624,776,000 | 148,586,000 | 222,891,000 | 227,691,000 | 106,529,000 | |||||||||||||||||||||||||||||||||
payments to redeemable noncontrolling interests and noncontrolling interests of investment tax credits | -340,110,000 | -446,214,000 | -295,778,000 | -236,098,000 | -624,776,000 | -148,586,000 | -222,891,000 | -227,691,000 | -106,529,000 | |||||||||||||||||||||||||||||||||
net proceeds related to stock-based award activities | 1,275,000 | 7,629,000 | 607,000 | 8,544,000 | 21,000 | 6,923,000 | 976,000 | 9,921,000 | 1,056,000 | 283,000 | 12,541,000 | 1,328,000 | 10,308,000 | 4,719,000 | 15,307,000 | 2,529,000 | 12,791,000 | 4,343,000 | 10,466,000 | 8,541,000 | 16,825,000 | |||||||||||||||||||||
net cash from financing activities | 270,214,000 | 393,139,000 | 1,008,843,000 | 1,018,654,000 | 790,714,000 | 987,570,000 | 888,888,000 | 1,076,419,000 | 473,878,000 | 835,554,000 | 980,284,000 | 839,836,000 | 820,333,000 | 729,862,000 | 716,562,000 | 770,694,000 | 678,882,000 | 704,502,000 | 614,287,000 | 647,923,000 | 288,944,000 | 364,123,000 | 177,304,000 | 330,369,000 | 313,408,000 | 284,701,000 | 312,946,000 | 195,517,000 | 185,027,000 | 261,841,000 | 277,515,000 | 212,003,000 | 231,411,000 | 238,484,000 | 202,311,000 | 197,293,000 | 221,656,000 | 229,087,000 | 195,953,000 | 251,496,000 | 169,829,000 | 328,509,000 |
net change in cash and restricted cash | -147,717,000 | 81,232,000 | 143,679,000 | 33,174,000 | 31,487,000 | -63,201,000 | -31,631,000 | 259,069,000 | -204,659,000 | 30,867,000 | 77,852,000 | -109,797,000 | -3,030,000 | 92,925,000 | 513,000 | 12,184,000 | -90,690,000 | 83,518,000 | 44,170,000 | 105,225,000 | 326,694,000 | 27,282,000 | -12,016,000 | 3,019,000 | -10,183,000 | 19,545,000 | 43,933,000 | 5,535,000 | 29,266,000 | 4,730,000 | 27,075,000 | 1,538,000 | ||||||||||
cash and restricted cash, beginning of period | 1,236,988,000 | 0 | 0 | 0 | 947,416,000 | 0 | 0 | 0 | 987,838,000 | 0 | 0 | 953,023,000 | 0 | 0 | 0 | 850,431,000 | 0 | 0 | 0 | 708,208,000 | 0 | 0 | 0 | 363,229,000 | 0 | 0 | 0 | 304,399,000 | 0 | 0 | 0 | 241,790,000 | ||||||||||
cash and restricted cash, end of period | 1,089,271,000 | 81,232,000 | 143,679,000 | 33,174,000 | 978,903,000 | -63,201,000 | -31,631,000 | 259,069,000 | 783,179,000 | 30,867,000 | 77,852,000 | 843,226,000 | -3,030,000 | 92,925,000 | 513,000 | 862,615,000 | -90,690,000 | 83,518,000 | 44,170,000 | 813,433,000 | 326,694,000 | 27,282,000 | -12,016,000 | 366,248,000 | -10,183,000 | 19,545,000 | 43,933,000 | 309,934,000 | 29,266,000 | 4,730,000 | 27,075,000 | 243,328,000 | ||||||||||
supplemental disclosures of cash flow information | ||||||||||||||||||||||||||||||||||||||||||
cash paid for interest | 210,725,000 | 194,357,000 | 193,408,000 | 181,577,000 | 172,332,000 | 167,446,000 | 142,471,000 | 144,657,000 | 136,711,000 | 114,273,000 | 104,766,000 | 93,988,000 | 90,395,000 | 80,986,000 | 59,845,000 | 68,892,000 | 55,513,000 | 65,677,000 | 48,150,000 | 55,910,000 | 34,123,000 | 28,737,000 | 28,331,000 | 28,435,000 | 30,376,000 | 31,314,000 | 17,724,000 | 20,058,000 | 20,712,000 | 22,092,000 | 17,063,000 | 16,446,000 | 12,811,000 | 11,949,000 | 8,087,000 | 9,347,000 | 8,415,000 | 7,100,000 | 5,995,000 | 4,681,000 | ||
cash paid for income taxes | ||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of noncash investing and financing activities | ||||||||||||||||||||||||||||||||||||||||||
purchases of energy systems and property and equipment included in accounts payable and accrued expenses | 31,173,000 | |||||||||||||||||||||||||||||||||||||||||
right-of-use assets obtained in exchange for new finance lease liabilities | 41,000 | 326,000 | 705,000 | 277,000 | 1,750,000 | 1,484,000 | 2,781,000 | 17,835,000 | 14,891,000 | 19,456,000 | 34,677,000 | 10,175,000 | 4,030,000 | 6,633,000 | 6,207,000 | 4,160,000 | 1,631,000 | 6,260,000 | 2,074,000 | 1,090,000 | 879,000 | 33,000 | 180,000 | 4,906,000 | 8,941,000 | 3,543,000 | 5,339,000 | 3,563,000 | 99,000 | |||||||||||||
purchases of energy systems included in inventory | 25,000,000 | |||||||||||||||||||||||||||||||||||||||||
goodwill impairment | ||||||||||||||||||||||||||||||||||||||||||
income tax benefit | 40,434,000 | |||||||||||||||||||||||||||||||||||||||||
interest on pass-through financing obligations | 0 | 0 | 4,081,000 | 4,756,000 | 4,886,000 | 4,894,000 | 4,862,000 | 4,997,000 | 5,022,000 | 5,047,000 | 5,010,000 | 5,143,000 | 5,442,000 | 5,452,000 | 5,394,000 | 5,686,000 | 5,707,000 | 5,896,000 | 5,877,000 | 5,968,000 | 5,980,000 | 5,906,000 | 6,472,000 | 6,741,000 | 5,462,000 | 3,903,000 | 3,099,000 | |||||||||||||||
reduction in pass-through financing obligations | 0 | -1,599,000 | -9,853,000 | -9,335,000 | -10,485,000 | -10,406,000 | -9,641,000 | -10,059,000 | -11,407,000 | -9,872,000 | -9,826,000 | -10,149,000 | -11,002,000 | -10,939,000 | -10,219,000 | -10,281,000 | -9,649,000 | -9,569,000 | -9,689,000 | -9,675,000 | -9,706,000 | -9,716,000 | -9,986,000 | 44,837,000 | -59,700,000 | -5,114,000 | -5,028,000 | |||||||||||||||
prepaid expenses and other current assets | 0 | |||||||||||||||||||||||||||||||||||||||||
proceeds from trade receivable financing | 0 | 95,758,000 | ||||||||||||||||||||||||||||||||||||||||
payments for the costs of solar energy systems | -742,152,000 | -691,978,000 | -654,802,000 | -791,785,000 | -764,161,000 | -604,531,000 | -538,975,000 | -736,781,000 | -692,626,000 | -506,314,000 | -511,307,000 | -540,561,000 | -520,365,000 | -420,630,000 | -491,279,000 | -434,791,000 | -394,527,000 | -357,012,000 | -347,568,000 | -256,932,000 | -154,720,000 | -207,360,000 | -221,051,000 | -205,707,000 | -189,550,000 | -198,880,000 | -235,184,000 | -224,219,000 | -183,772,000 | -163,190,000 | ||||||||||||
purchases of solar energy systems and property and equipment included in accounts payable and accrued expenses | -11,554,000 | 28,362,000 | 41,421,000 | -18,844,000 | -124,000 | 412,000 | 59,370,000 | 4,065,000 | 1,263,000 | 69,557,000 | 9,081,000 | -3,987,000 | 8,573,000 | 47,660,000 | -6,432,000 | -12,437,000 | 8,485,000 | 60,770,000 | -15,868,000 | 7,111,000 | 31,526,000 | 43,664,000 | -7,195,000 | 8,365,000 | 26,246,000 | 24,303,000 | 3,724,000 | 973,000 | 5,239,000 | 17,233,000 | -9,581,000 | 3,922,000 | 2,816,000 | 22,468,000 | ||||||||
portion of solar energy systems financed with seller financing, included within non-recourse debt | 0 | |||||||||||||||||||||||||||||||||||||||||
unrealized gain on derivatives | -74,390,000 | -36,452,000 | 30,721,000 | 6,914,000 | -68,102,000 | -57,534,000 | -66,182,000 | |||||||||||||||||||||||||||||||||||
prepaid and other assets | -83,510,000 | -141,226,000 | -109,454,000 | -95,092,000 | -110,315,000 | -36,557,000 | -136,843,000 | -103,557,000 | -88,391,000 | -97,088,000 | -88,469,000 | -79,075,000 | -23,613,000 | -15,460,000 | 1,115,000 | -14,301,000 | -17,558,000 | -13,903,000 | -35,868,000 | -21,767,000 | -33,683,000 | -13,728,000 | -6,746,000 | 142,000 | -766,000 | -1,413,000 | -1,441,000 | 336,000 | -2,375,000 | 1,595,000 | -4,355,000 | -3,923,000 | 11,654,000 | |||||||||
business combination, net of cash acquired | ||||||||||||||||||||||||||||||||||||||||||
proceeds from shares issued in connection with a subscription agreement | 0 | |||||||||||||||||||||||||||||||||||||||||
purchase of equity method investment | 0 | |||||||||||||||||||||||||||||||||||||||||
early repayment of pass-through financing obligations | ||||||||||||||||||||||||||||||||||||||||||
acquisition of noncontrolling interests | ||||||||||||||||||||||||||||||||||||||||||
repurchase of common stock | ||||||||||||||||||||||||||||||||||||||||||
early repayment of pass-through financing obligation | 0 | 0 | -7,597,000 | |||||||||||||||||||||||||||||||||||||||
bonus liability converted to rsus | 11,636,000 | |||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of recourse debt, net of capped call transaction | 579,694,000 | |||||||||||||||||||||||||||||||||||||||||
repayment of recourse debt | -258,160,000 | -50,000,000 | -95,000,000 | -1,525,000 | -45,000,000 | -45,000,000 | -85,000,000 | -15,000,000 | -47,965,000 | 0 | -15,000,000 | 0 | -2,000,000 | -45,000,000 | -34,000,000 | -34,400,000 | -54,000,000 | -104,000,000 | -95,400,000 | -65,000,000 | -147,000,000 | |||||||||||||||||||||
proceeds from issuance of recourse debt | 55,750,000 | 83,475,000 | 0 | 43,475,000 | 45,450,000 | 85,000,000 | 15,000,000 | 40,000,000 | 0 | 15,000,000 | 0 | 2,000,000 | 45,000,000 | 34,000,000 | 34,000,000 | 57,400,000 | ||||||||||||||||||||||||||
right-of-use assets obtained in exchange for finance lease liabilities | ||||||||||||||||||||||||||||||||||||||||||
business acquisition | 0 | |||||||||||||||||||||||||||||||||||||||||
proceeds from exercises of stock options, net of withholding taxes paid on restricted stock units | 8,950,000 | 2,419,000 | 406,000 | 11,603,000 | 839,000 | 3,916,000 | 3,732,000 | 5,520,000 | -576,000 | |||||||||||||||||||||||||||||||||
extinguishment of pass-through financing and other obligations | ||||||||||||||||||||||||||||||||||||||||||
cash paid for taxes | ||||||||||||||||||||||||||||||||||||||||||
purchases of solar energy systems included in non-recourse debt | 0 | 0 | 0 | 12,873,000 | ||||||||||||||||||||||||||||||||||||||
other noncash losses and expenses | 1,489,000 | 4,848,000 | 8,505,000 | 6,464,000 | 5,667,000 | 6,697,000 | 2,259,000 | 1,692,000 | 2,898,000 | |||||||||||||||||||||||||||||||||
offering costs paid related to initial public offering | 0 | -437,000 | ||||||||||||||||||||||||||||||||||||||||
distributions payable to noncontrolling interests and redeemable noncontrolling interests | -71,000 | 15,134,000 | -1,202,000 | 1,573,000 | 2,055,000 | 11,157,000 | 837,000 | 1,302,000 | 1,147,000 | 7,368,000 | ||||||||||||||||||||||||||||||||
proceeds from pass-through financing obligations | 1,502,000 | |||||||||||||||||||||||||||||||||||||||||
noncash interest expense | 4,006,000 | 3,663,000 | 3,550,000 | 5,931,000 | 5,417,000 | 2,689,000 | 1,833,000 | 3,502,000 | 1,648,000 | 906,000 | ||||||||||||||||||||||||||||||||
interest on lease pass-through financing obligations | 3,010,000 | 3,014,000 | 2,988,000 | 2,961,000 | 3,030,000 | |||||||||||||||||||||||||||||||||||||
reduction in lease pass-through financing obligations | -4,509,000 | -4,559,000 | -4,616,000 | -4,546,000 | -4,402,000 | -4,658,000 | -5,255,000 | -4,236,000 | ||||||||||||||||||||||||||||||||||
payments for the costs of solar energy systems, leased and to be leased | -221,183,000 | -226,462,000 | -188,577,000 | -168,149,000 | -197,273,000 | -197,823,000 | -167,843,000 | -164,629,000 | -186,026,000 | -151,055,000 | ||||||||||||||||||||||||||||||||
business acquisition, net of cash acquired | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||
proceeds from lease pass-through financing obligations | 1,582,000 | 1,577,000 | 1,614,000 | 1,448,000 | 1,805,000 | 1,437,000 | 3,059,000 | 9,746,000 | 55,821,000 | 21,266,000 | ||||||||||||||||||||||||||||||||
repayment of lease pass-through financing obligations | 0 | |||||||||||||||||||||||||||||||||||||||||
proceeds from exercises of stock options, net of withholding taxes on restricted stock units and issuance of shares in connection with the employee stock purchase plan | 1,242,000 | 218,000 | 2,660,000 | 1,088,000 | ||||||||||||||||||||||||||||||||||||||
proceeds received, net and (offering costs paid) related to initial public offering | ||||||||||||||||||||||||||||||||||||||||||
payment of capital lease obligations | -2,251,000 | -2,323,000 | -2,513,000 | -2,749,000 | -3,091,000 | -3,252,000 | ||||||||||||||||||||||||||||||||||||
change in restricted cash | -19,292,000 | 534,000 | -2,466,000 | -126,000 | -16,000 | -2,005,000 | -751,000 | 1,819,000 | -1,408,000 | -2,735,000 | ||||||||||||||||||||||||||||||||
net change in cash | -13,617,000 | 4,821,000 | 7,530,000 | -2,573,000 | ||||||||||||||||||||||||||||||||||||||
cash, beginning of period | 0 | 0 | 0 | 206,364,000 | 0 | 0 | 0 | 203,864,000 | ||||||||||||||||||||||||||||||||||
cash, end of period | -13,617,000 | 4,821,000 | 7,530,000 | 203,791,000 | -1,113,000 | 257,000 | -1,093,000 | 208,313,000 | ||||||||||||||||||||||||||||||||||
vehicles acquired under capital leases | 484,000 | 72,000 | 18,000 | 76,000 | 324,000 | 1,723,000 | 3,596,000 | 7,318,000 | ||||||||||||||||||||||||||||||||||
noncash purchase consideration on acquisition of business | ||||||||||||||||||||||||||||||||||||||||||
deemed dividend on series d and e preferred shares | ||||||||||||||||||||||||||||||||||||||||||
offering costs prepaid in prior year | ||||||||||||||||||||||||||||||||||||||||||
proceeds from exercises of stock options, net of withholding taxes on restricted stock units | -1,067,000 | 452,000 | ||||||||||||||||||||||||||||||||||||||||
net income | -85,803,000 | -74,968,000 | -64,727,000 | -77,803,000 | -74,306,000 | -72,215,000 | ||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||
noncash losses | 448,000 | 922,000 | 1,189,000 | 1,321,000 | ||||||||||||||||||||||||||||||||||||||
bad debt expense | 633,000 | 308,000 | 78,000 | 336,000 | 840,000 | 419,000 | ||||||||||||||||||||||||||||||||||||
noncash tax expense | 22,847,000 | 9,936,000 | ||||||||||||||||||||||||||||||||||||||||
proceeds from recourse debt | 104,000,000 | 97,000,000 | 116,400,000 | 141,000,000 | ||||||||||||||||||||||||||||||||||||||
proceeds from non-recourse debt | 85,846,000 | 60,074,000 | ||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible preferred stock, net of issuance costs | ||||||||||||||||||||||||||||||||||||||||||
net increase in cash | -1,113,000 | 257,000 | -1,093,000 | 4,449,000 | ||||||||||||||||||||||||||||||||||||||
costs of solar energy systems and property and equipment included in accounts payable and accrued expenses | -4,324,000 | 7,285,000 | -183,000 | 15,769,000 | ||||||||||||||||||||||||||||||||||||||
repayments of lease pass-through financing obligations | ||||||||||||||||||||||||||||||||||||||||||
proceeds received and (offering costs paid) related to initial public offering | ||||||||||||||||||||||||||||||||||||||||||
deferred offering costs not yet paid | ||||||||||||||||||||||||||||||||||||||||||
other assets | 0 | |||||||||||||||||||||||||||||||||||||||||
long-term non-recourse debt, current portion | 0 | |||||||||||||||||||||||||||||||||||||||||
recourse debt | 0 | |||||||||||||||||||||||||||||||||||||||||
long-term non-recourse debt, net of current portion | 0 | |||||||||||||||||||||||||||||||||||||||||
interest on lease pass-through financing | 3,017,000 | 3,002,000 | 2,534,000 | 2,248,000 | ||||||||||||||||||||||||||||||||||||||
proceeds from grants and state tax credits, net of recapture | 9,202,000 | |||||||||||||||||||||||||||||||||||||||||
payment of capital lease obligation | -3,115,000 | -2,184,000 | -1,198,000 | |||||||||||||||||||||||||||||||||||||||
noncash tax benefit | 13,000 | 903,000 | ||||||||||||||||||||||||||||||||||||||||
reduction in lease pass—through financing obligations | -721,000 | -5,680,000 | ||||||||||||||||||||||||||||||||||||||||
acquisitions of businesses, net of cash acquired | -5,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of debt | 226,385,000 | 164,800,000 | ||||||||||||||||||||||||||||||||||||||||
repayment of debt | -158,018,000 | -144,904,000 | ||||||||||||||||||||||||||||||||||||||||
proceeds from solar asset-backed notes | 0 | |||||||||||||||||||||||||||||||||||||||||
repayment of solar asset-backed notes | -818,000 | |||||||||||||||||||||||||||||||||||||||||
proceeds from exercises of stock options | 360,000 | 801,000 | ||||||||||||||||||||||||||||||||||||||||
proceeds from initial public offering, net of offering costs | -1,463,000 | |||||||||||||||||||||||||||||||||||||||||
noncash losses and impairments | ||||||||||||||||||||||||||||||||||||||||||
stock—based compensation expense | 4,006,000 | |||||||||||||||||||||||||||||||||||||||||
proceeds from grants and state tax credits | -145,000 | |||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 146,396,000 | |||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 0 | |||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of period | 146,396,000 | |||||||||||||||||||||||||||||||||||||||||
loss on early extinguishment of debt | ||||||||||||||||||||||||||||||||||||||||||
payments for deferred offering costs | ||||||||||||||||||||||||||||||||||||||||||
costs of solar energy systems included in accounts payable |
