Vivint solar, inc. (VSLR)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Sep'13
Revenue:
Total revenue

362,821

341,041

327,434

301,401

291,442

290,321

293,644

290,967

283,164

268,028

243,019

209,142

171,051

135,167

109,424

90,636

71,867

64,182

55,014

40,873

31,296

25,258

20,672

0

0

0

Cost of revenue:
Total cost of revenue

275,963

258,546

248,128

239,526

241,017

248,295

247,977

245,041

241,279

230,282

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Gross profit

86,858

82,495

79,306

61,875

50,425

42,026

45,667

45,926

41,885

37,746

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating expenses:
Sales and marketing

161,168

151,194

130,743

100,463

77,459

58,950

51,658

45,625

41,003

38,696

37,395

36,204

37,606

41,436

42,975

46,409

54,293

48,078

42,821

35,990

23,083

21,869

18,334

0

0

0

Research and development

2,130

2,043

1,898

1,863

1,850

1,867

2,125

2,546

2,930

3,340

3,448

3,394

2,643

2,979

3,570

3,775

4,551

3,901

3,038

2,422

2,002

1,892

0

0

0

-

General and administrative

122,799

117,822

108,776

105,961

96,765

93,703

91,639

81,073

79,365

79,957

82,055

81,698

79,461

81,802

80,722

83,654

96,954

92,664

87,571

102,787

85,175

78,899

68,411

0

0

0

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

557

760

776

901

2,739

6,108

9,674

13,172

14,951

14,967

14,937

14,911

14,804

0

0

0

Impairment of goodwill and intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

36,601

36,601

36,601

36,601

4,506

0

0

0

-

-

-

-

-

Total operating expenses

286,097

271,059

241,417

208,287

176,074

154,520

145,004

128,965

123,158

121,993

-2,717

41,620

82,304

163,719

196,596

198,894

215,937

162,321

270,380

260,213

212,417

187,552

156,466

0

0

0

Loss from operations

-199,239

-188,564

-162,111

-146,412

-125,649

-112,494

-99,337

-83,039

-81,273

-84,247

-95,473

-116,788

-138,969

-202,533

-220,147

-241,233

-277,045

-231,114

-215,366

-219,340

-181,121

-162,294

-135,794

0

0

0

Interest expense, net

84,828

82,323

79,738

75,649

67,513

65,308

63,530

60,963

66,465

64,264

59,176

52,389

42,964

34,008

26,899

20,889

16,206

12,568

10,196

10,106

10,049

9,323

8,298

0

0

0

Other expense, net

-28,407

-1,434

-8,490

-4,582

892

4,538

7,205

7,009

2,185

-352

156

785

1,191

1,437

-98

-558

-189

154

-2,487

-2,164

-1,947

-1,372

921

0

0

0

Loss before income taxes

-312,474

-272,321

-250,339

-226,643

-192,270

-173,264

-155,662

-136,993

-145,553

-148,863

-154,493

-168,392

-180,742

-235,104

-246,398

-261,934

-292,814

-243,528

-225,871

-230,026

-191,967

-172,989

-146,095

0

0

0

Income tax expense

146,926

150,999

134,453

109,741

115,143

106,299

-101,572

-117,895

-148,091

-157,333

21,120

8,786

11,685

7,433

4,005

-484

6,038

9,737

12,193

9,419

-2,616

-7,070

-3,255

0

0

0

Net loss

-459,400

-423,320

-384,792

-336,384

-307,413

-279,563

-54,090

-19,098

2,538

8,470

-175,613

-177,178

-192,427

-242,537

-250,403

-261,450

-298,852

-253,265

-238,064

-239,445

-189,351

-165,919

-142,840

0

0

0

Net loss attributable to non-controlling interests and redeemable non-controlling interests

-343,207

-321,145

-303,284

-260,843

-278,555

-263,971

-235,283

-215,064

-180,292

-200,628

-220,928

-232,284

-254,924

-260,523

-235,061

-229,880

-268,564

-266,345

-258,195

-223,830

-165,576

-137,036

-142,951

0

0

0

Net loss attributable to common stockholders

-116,193

-102,175

-81,508

-75,541

-28,858

-15,592

181,193

195,966

182,830

209,098

45,315

55,106

62,497

17,986

-15,342

-31,570

-30,288

13,080

20,131

-15,615

-23,775

-28,883

111

0

0

0

Net loss attributable per share to common stockholders:
Basic and diluted

-0.32

-

-0.11

-

-0.22

-

-0.07

-

-0.11

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic

-

-

-

-0.24

-

-

-

0.16

-

1.63

0.06

0.04

0.12

0.19

0.15

0.12

-0.29

-0.13

0.00

0.13

0.12

-0.06

-0.45

0.07

0.09

0.30

Diluted

-

-

-

-0.24

-

-

-

0.15

-

1.56

0.06

0.04

0.11

0.19

0.15

0.11

-0.29

-0.11

0.00

0.12

0.11

-0.06

-0.45

0.07

0.09

0.30

Weighted-average shares used in computing net loss attributable per share to common stockholders:
Basic and diluted

123,922

-

121,730

-

120,307

-

118,767

-

115,155

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic

-

-

-

120,869

-

-

-

116,650

-

114,907

114,505

112,351

110,765

110,223

108,692

107,226

106,619

106,569

106,492

105,988

105,303

105,356

78,428

75,000

75,000

75,000

Diluted

-

-

-

120,869

-

-

-

121,753

-

119,639

119,465

117,570

116,398

118,809

113,344

111,380

106,619

110,364

110,223

109,794

109,051

103,025

78,428

76,267

76,064

75,000

Customer Agreements and Incentives
Total revenue

229,004

217,331

208,494

191,145

182,555

174,066

170,500

162,939

151,587

150,862

145,031

132,516

119,164

105,353

95,521

83,908

69,148

61,150

51,552

36,902

27,405

21,688

17,921

0

0

0

Total cost of revenue

198,957

186,325

174,990

168,132

166,424

164,920

159,929

152,525

144,922

141,305

138,794

143,331

148,106

150,796

151,980

150,336

145,093

131,213

115,622

97,513

80,677

67,984

51,972

0

0

0

Solar Energy System and Product Sales
Total revenue

133,817

123,710

118,940

110,256

108,887

116,255

123,144

128,028

131,577

117,166

97,988

76,626

51,887

29,814

13,903

6,728

2,719

3,032

3,462

3,971

3,891

3,570

2,751

0

0

0

Total cost of revenue

77,006

72,221

73,138

71,394

74,593

83,375

88,048

92,516

96,357

88,977

76,243

60,543

41,428

23,185

10,984

4,986

1,746

1,762

1,871

2,028

2,037

1,997

1,542

0

0

0