Sunrun inc. (RUN)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Sep'14Jun'14
Revenue:
Revenue

874,805

858,578

854,761

844,179

810,122

759,981

672,126

611,712

571,796

532,542

524,070

491,557

483,473

477,107

432,953

403,520

353,672

304,606

261,043

230,382

0

0

0

Operating expenses:
Sales and marketing

289,465

275,148

260,627

239,907

219,106

207,232

188,391

171,554

157,373

146,426

149,750

150,021

158,681

168,737

168,289

173,479

163,739

145,477

127,729

99,520

0

0

0

Research and development

22,135

23,563

23,756

21,925

20,422

18,844

17,989

17,321

15,979

15,079

13,547

12,069

10,732

10,199

9,932

9,714

9,833

9,657

9,055

8,814

0

0

0

General and administrative

124,034

125,023

122,082

117,743

112,829

116,659

117,382

118,587

115,685

107,400

101,984

95,390

93,776

92,416

91,166

91,321

87,384

84,442

79,169

77,720

0

0

0

Amortization of intangible assets

5,390

4,800

4,278

3,805

4,042

4,200

4,199

4,200

4,200

4,200

4,200

4,199

4,199

4,200

4,205

4,205

4,205

3,695

3,219

2,823

0

0

0

Total operating expenses

1,109,391

1,074,318

1,028,728

981,349

919,463

881,862

833,939

795,153

760,918

713,675

684,416

657,761

657,451

669,183

664,392

646,676

594,601

523,806

452,108

389,314

0

0

0

Loss from operations

-234,586

-215,740

-173,967

-137,170

-109,341

-121,881

-161,813

-183,441

-189,122

-181,133

-160,346

-166,204

-173,978

-192,076

-231,439

-243,156

-240,929

-219,200

-191,065

-158,932

0

0

0

Interest expense, net

-182,830

-174,246

-164,779

-155,350

-144,913

-131,771

-121,061

-109,796

-99,895

-92,255

-100,551

-91,291

-82,383

-73,340

-47,733

-42,251

-37,621

-33,236

-31,471

-29,658

0

0

0

Loss on early extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

Other (income) expenses, net

-4,448

-9,254

-12,167

-4,540

-3,660

2,788

4,416

-7

293

-1,874

-209

-345

-167

840

96

51

-938

-1,769

-748

725

0

0

0

Loss before income taxes

-421,864

-399,240

-350,913

-297,060

-257,914

-250,864

-278,458

-293,244

-288,724

-275,262

-261,106

-257,840

-256,528

-264,576

-278,645

-284,925

-279,488

-254,205

-225,029

-192,382

0

0

0

Income tax benefit

-8,199

-8,218

2,627

-8,530

-2,242

9,322

-11,752

8,753

15,156

12,353

40,634

29,327

0

-

0

0

-

-

0

0

-

-

0

Net loss

-413,665

-391,022

-353,540

-288,530

-255,672

-260,186

-266,706

-301,997

-303,880

-287,615

-334,921

-327,074

-318,191

-320,839

-291,804

-289,051

-274,189

-248,906

-219,717

-180,250

0

0

0

Net loss attributable to noncontrolling interests and redeemable noncontrolling interests

-425,903

-417,357

-361,487

-264,591

-240,435

-286,843

-368,505

-434,699

-447,519

-413,104

-403,630

-384,654

-390,068

-395,968

-339,436

-317,037

-277,072

-220,660

-131,474

-77,544

0

0

0

Net loss attributable to common stockholders

12,238

26,335

7,947

-23,939

-15,237

26,657

101,799

132,702

143,639

125,489

68,709

57,580

71,877

75,129

47,632

27,986

2,883

-28,246

-28,437

-42,900

0

0

0

Less: Deemed dividend to convertible preferred stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Less: Net income allocated to participating securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

Net income (loss) available to common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

0

0

Net loss per share attributable to common stockholders
Basic (in dollars per share)

-0.23

0.11

0.25

-0.01

-0.12

-0.06

-0.03

0.07

0.26

0.67

0.26

0.17

0.09

0.12

0.16

0.32

0.13

-0.14

-0.41

0.33

-0.74

-

-

Diluted (in dollars per share)

-0.23

0.11

0.23

-0.01

-0.12

-0.06

-0.02

0.06

0.25

0.64

0.26

0.17

0.09

0.12

0.16

0.31

0.13

-0.14

-0.41

0.33

-0.74

-

-

Weighted average shares used to compute net loss per share attributable to common stockholders
Basic (in shares)

119,220

118,259

117,652

115,765

113,912

112,214

111,134

109,559

107,449

106,814

105,783

105,093

104,038

103,519

102,707

101,969

101,273

101,990

67,732

26,215

24,427

-

-

Diluted (in shares)

119,220

140,676

125,151

115,765

113,912

120,204

120,396

117,067

110,781

109,410

109,598

107,347

106,469

105,777

105,092

104,768

104,219

101,990

67,732

26,215

24,427

-

-

Net loss per share available to common shareholders basic and diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.64

-0.72

Weighted average shares used to compute net loss per share available to common stockholders basic and diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,943

23,827

Customer agreements and incentives
Customer agreements and incentives

387,109

387,835

419,837

438,160

437,326

404,466

338,525

285,670

252,176

234,276

237,460

218,893

206,176

191,626

152,672

141,172

130,236

118,004

110,028

101,365

0

0

0

Costs

289,128

280,344

272,763

268,599

255,774

240,857

226,774

210,878

198,398

186,435

171,967

165,438

158,757

154,244

152,095

140,048

128,507

111,784

96,279

84,915

0

0

0

Solar energy systems and product sales
Revenue

487,696

470,743

434,924

406,019

372,796

355,515

333,601

326,042

319,620

298,266

286,610

272,664

277,297

285,481

280,281

262,348

223,436

186,602

151,015

129,017

0

0

0

Costs

379,284

365,485

345,218

329,366

307,286

294,066

279,200

272,609

269,279

254,131

242,962

230,638

231,300

239,381

238,705

227,909

200,933

168,751

136,657

115,522

0

0

0