XML 16 R4.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Net revenue:        
Net revenue $ 173,730 $ 198,711 $ 437,344 $ 669,179
Cost of revenue:        
Provision for loss contracts related to service 6,036 41,581 38,265 55,801
Total cost of revenue 273,755 336,676 827,699 954,683
Gross loss (100,025) (137,965) (390,355) (285,504)
Operating expenses:        
Research and development 19,712 27,651 63,932 83,437
Selling, general and administrative 91,586 105,451 254,689 310,621
Restructuring 514   8,154  
Impairment 4,185 665 8,406 11,734
Change in fair value of contingent consideration 146 2,239 (5,286) 26,316
Total operating expenses 116,143 136,006 329,895 432,108
Operating loss (216,168) (273,971) (720,250) (717,612)
Interest income 7,423 10,369 24,495 44,392
Interest expense (9,148) (11,802) (29,984) (33,717)
Other income/(expense), net 15,510 4,987 (566) (4,866)
Realized gain on investments, net       263
Other-than-temporary impairment of available-for-sale securities   (10,831)   (10,831)
Change in fair value of equity securities   70   8,987
Loss on equity method investments (8,690) (7,030) (29,043) (19,970)
Loss on extinguishment of convertible senior notes     (14,047)  
Loss before income taxes (211,073) (288,208) (769,395) (733,354)
Income tax (expense)/benefit (95) 4,729 118 6,916
Net loss $ (211,168) $ (283,479) $ (769,277) $ (726,438)
Net loss per share:        
Net loss per share, basic (in dollars per share) $ (0.25) $ (0.47) $ (1.03) $ (1.22)
Net loss per share, diluted (in dollars per share) $ (0.25) $ (0.47) $ (1.03) $ (1.22)
Weighted average number of common stock outstanding, basic (in shares) 858,442,951 599,465,146 745,827,431 593,417,595
Weighted average number of common stock outstanding, diluted (in shares) 858,442,951 599,465,146 745,827,431 593,417,595
Sales of equipment, related infrastructure and other        
Net revenue:        
Net revenue $ 107,141 $ 145,130 $ 252,224 $ 543,510
Cost of revenue:        
Cost of revenue 149,912 158,989 414,948 504,717
Services performed on fuel cell systems and related infrastructure        
Net revenue:        
Net revenue 14,148 9,290 40,205 27,088
Cost of revenue:        
Cost of revenue 9,086 17,916 35,773 53,586
Power purchase agreements        
Net revenue:        
Net revenue 20,459 20,068 58,437 44,135
Cost of revenue:        
Cost of revenue 51,782 56,981 161,322 157,773
Fuel delivered to customers and related equipment        
Net revenue:        
Net revenue 29,791 19,371 77,964 47,391
Cost of revenue:        
Cost of revenue 55,538 59,012 172,428 177,963
Other        
Net revenue:        
Net revenue 2,191 4,852 8,514 7,055
Cost of revenue:        
Cost of revenue $ 1,401 $ 2,197 $ 4,963 $ 4,843