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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Net revenue:        
Net revenue $ 198,711 $ 188,628 $ 669,179 $ 480,698
Cost of revenue:        
Provision for loss contracts related to service 41,581 5,727 55,801 8,843
Total cost of revenue 336,676 234,691 954,683 594,576
Gross loss (137,965) (46,063) (285,504) (113,878)
Operating expenses:        
Research and development 27,651 28,105 83,437 72,123
Selling, general and administrative 105,451 85,578 310,621 262,420
Impairment 665   11,734 763
Change in fair value of contingent consideration 2,239   26,316 (2,605)
Total operating expenses 136,006 113,683 432,108 331,938
Operating loss (273,971) (159,746) (717,612) (445,816)
Interest income 10,369 13,429 44,392 19,321
Interest expense (11,802) (9,020) (33,717) (28,871)
Other income/(expense), net 4,987 (5,399) (4,866) (9,164)
Realized gain/(loss) on investments, net     263 (1,315)
Other than temporary impairment of available-for-sale securities (10,831)   (10,831)  
Change in fair value of equity securities 70 (4,221) 8,987 (22,864)
Loss on equity method investments (7,030) (4,280) (19,970) (10,304)
Loss before income taxes (288,208) (169,237) (733,354) (499,013)
Income tax (benefit)/expense (4,729) 1,521 (6,916) 1,530
Net loss $ (283,479) $ (170,758) (726,438) $ (500,543)
Net loss attributable to common stockholders     $ (726,400)  
Net loss per share:        
Net loss per share, basic $ (0.47) $ (0.30) $ (1.22) $ (0.87)
Net loss per share, diluted $ (0.47) $ (0.30) $ (1.22) $ (0.87)
Weighted average number of common stock outstanding, basic 599,465,146 578,043,278 593,417,595 578,217,636
Weighted average number of common stock outstanding, diluted 599,465,146 578,043,278 593,417,595 578,217,636
Sales of equipment, related infrastructure and other        
Net revenue:        
Net revenue $ 145,130 $ 157,985 $ 543,510 $ 383,065
Cost of revenue:        
Cost of revenue 158,989 127,381 504,717 310,362
Services performed on fuel cell systems and related infrastructure        
Net revenue:        
Net revenue 9,290 8,406 27,088 25,468
Cost of revenue:        
Cost of revenue 17,916 12,619 53,586 38,106
Power purchase agreements        
Net revenue:        
Net revenue 20,068 9,524 44,135 30,730
Cost of revenue:        
Cost of revenue 56,981 35,549 157,773 102,194
Fuel delivered to customers and related equipment        
Net revenue:        
Net revenue 19,371 12,389 47,391 40,289
Cost of revenue:        
Cost of revenue 59,012 53,129 177,963 134,008
Other        
Net revenue:        
Net revenue 4,852 324 7,055 1,146
Cost of revenue:        
Cost of revenue $ 2,197 $ 286 $ 4,843 $ 1,063