| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||
-323,466 | -291,276 | -295,028 | -336,316 | |||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Depreciation | ||||||
78,584 | 53,887 | 54,376 | 43,100 | |||
Write-off of property, plant and equipment, net | ||||||
-3,117 | -939 | -48 | -140 | |||
Revaluation of derivative contracts | ||||||
-2,779 | -29,021 | -15,042 | -1,343 | |||
Share-based Compensation And Issuance Of Stock And Warrants For Services Or Claims | ||||||
196,291 | 168,482 | 29,101 | 28,157 | |||
Loss (gain) on long-term REC purchase contract | ||||||
-53 | -200 | 70 | -124 | |||
Write-off of customer financing receivable | ||||||
11,302 | 0 | 0 | 2,092 | |||
Write-off of PPA II and PPA IIIb decommissioned assets | ||||||
70,543 | 0 | 0 | 617 | |||
Gain (Loss) on Extinguishment of Debt | ||||||
-5,934 | 0 | 0 | - | |||
Revaluation of stock warrants | ||||||
0 | -9,108 | -2,975 | 8,373 | |||
Amortization of interest expense from preferred stock warrants | ||||||
- | - | - | 1,083 | |||
Amortization of debt issuance cost | ||||||
22,130 | 25,437 | 47,312 | 2,802 | |||
Amortization of debt discount from embedded derivatives | ||||||
- | - | - | 28,925 | |||
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
-51,952 | 55,023 | -3,242 | 701 | |||
Inventories | ||||||
-18,425 | 36,974 | 10,636 | 209 | |||
Deferred cost of revenue | ||||||
21,992 | -14,223 | 31,278 | 84,660 | |||
Customer financing receivable and other | ||||||
-5,520 | -4,878 | -5,459 | 211,659 | |||
Prepaid expenses and other current assets | ||||||
-8,643 | 8,032 | 982 | 8,433 | |||
Other long-term assets | ||||||
-3,618 | 202 | -756 | 1,020 | |||
Accounts payable | ||||||
-11,310 | 18,307 | 7,076 | 4,807 | |||
Accrued warranty | ||||||
-6,603 | 1,498 | -7,365 | -2,986 | |||
Accrued expenses and other current liabilities | ||||||
6,728 | -5,984 | 7,997 | 11,258 | |||
Deferred revenue and customer deposits | ||||||
37,146 | -21,774 | 48,322 | 183,564 | |||
Other long-term liabilities | ||||||
4,376 | 19,553 | 37,637 | 46,773 | |||
Net cash used in operating activities | ||||||
163,770 | -91,948 | -91,966 | -282,826 | |||
Cash flows from investing activities: | ||||||
Purchase of property, plant and equipment | ||||||
51,053 | 45,205 | 61,454 | 8,979 | |||
Payments for acquisition of intangible assets | ||||||
0 | 3,256 | 0 | 0 | |||
Purchase of marketable securities | ||||||
0 | 103,914 | 29,043 | 0 | |||
Proceeds from maturity of marketable securities | ||||||
104,500 | 27,000 | 2,250 | 0 | |||
Net cash provided by (used in) investing activities | ||||||
53,447 | -125,375 | -88,247 | -8,979 | |||
Cash flows from financing activities: | ||||||
Borrowings from issuance of debt | ||||||
0 | 0 | 100,000 | 123,489 | |||
Proceeds from issuance of debt to related parties | ||||||
- | - | - | 25,000 | |||
Repayment of debt | ||||||
119,277 | 18,770 | 20,507 | 32,192 | |||
Repayment of debt to related parties | ||||||
2,200 | 1,390 | 912 | 966 | |||
Debt make-whole payment | ||||||
5,934 | 0 | 0 | - | |||
Debt issuance costs | ||||||
0 | 0 | 6,108 | 218 | |||
Proceeds from financing obligations | ||||||
72,334 | 70,265 | 84,314 | - | |||
Repayment of financing obligations | ||||||
8,954 | 6,188 | 3,210 | - | |||
Proceeds from noncontrolling and redeemable noncontrolling interests | ||||||
0 | 0 | 13,652 | 209,860 | |||
Payments to noncontrolling and redeemable noncontrolling interests | ||||||
56,459 | 0 | 0 | - | |||
Distributions to noncontrolling and redeemable noncontrolling interests | ||||||
12,537 | 15,250 | 23,659 | 45,828 | |||
Proceeds from issuance of common stock | ||||||
12,713 | 1,521 | 432 | 1,238 | |||
Proceeds from issuance of convertible preferred stock | ||||||
- | - | - | 3,000 | |||
Proceeds from public offerings, net of underwriting discounts and commissions | ||||||
0 | 292,529 | 0 | 0 | |||
Payments of initial public offering issuance costs | ||||||
0 | 5,521 | 1,092 | 0 | |||
Net cash provided by financing activities | ||||||
-120,314 | 317,196 | 142,910 | 283,383 | |||
Net increase (decrease) in cash, cash equivalents, and restricted cash | ||||||
96,903 | 99,873 | -37,303 | -8,422 | |||
Supplemental disclosure of cash flow information: | ||||||
Interest Paid, Excluding Capitalized Interest, Operating Activities | ||||||
69,851 | 59,549 | 37,628 | 20,549 | |||
Cash paid during the period for taxes | ||||||
860 | 1,748 | 616 | 635 | |||
Non-cash investing and financing activities: | ||||||
Transfer of inventory to Energy Servers | ||||||
- | - | - | 217,205 | |||
Liabilities recorded for property, plant and equipment | ||||||
1,745 | 12,236 | 975 | 992 | |||
Liabilities recorded for intangible assets | ||||||
0 | 3,180 | 2,138 | 0 | |||
Exercise of warrants | ||||||
- | - | - | 3,336 | |||
Issuance of common stock warrant | ||||||
0 | 0 | 9,410 | 0 | |||
Reclassification of redeemable convertible preferred stock warrant liability to additional paid-in capital | ||||||
0 | 882 | 0 | 0 | |||
Stock Issued During Period, Value, Conversion of Convertible Securities | ||||||
0 | 1,465,841 | 0 | 0 | |||
Conversion of 8% convertible promissory notes into additional paid-in capital | ||||||
0 | 181,469 | 0 | 0 | |||
Conversion of 6% and 8% convertible promissory notes into additional paid-in capital to related parties | ||||||
6,933 | 40,110 | 0 | - | |||
Reclassification of derivative liability into additional paid-in capital | ||||||
0 | 177,208 | 0 | 0 | |||
Reclassification of prior year prepaid initial public offering costs to additional paid-in capital | ||||||
0 | 4,732 | 0 | 0 | |||
Issuance of common stock | ||||||
0 | 0 | 1,981 | 1,816 | |||
Issuance of restricted stock | ||||||
0 | 0 | 1,254 | 0 | |||
Accrued distributions to Equity Investors | ||||||
373 | 576 | 576 | 7,287 | |||
Accrued interest for notes | ||||||
1,812 | 19,041 | 29,705 | 23,987 | |||
Accrued interest for notes to related parties | ||||||
0 | 2,733 | 4,368 | 3,856 | |||
Issuance of 6% convertible promissory notes | ||||||
- | - | - | 25,000 | |||