16. Segment Reporting

3 Months Ended

Mar. 31, 2020

Segment Reporting Information, Profit (Loss) [Abstract]

Segment Reporting

16. Segment Reporting

We operate our business in two segments. Our modules segment involves the design, manufacture, and sale of cadmium telluride (“CdTe”) solar modules, which convert sunlight into electricity. Third-party customers of our modules segment include integrators and operators of PV solar power systems. Our second segment is our systems segment, through which we provide power plant solutions, which include (i) project development, (ii) EPC services, and (iii) O&M services. We may provide any combination of individual products and services within such capabilities (including, with respect to EPC services, by contracting with third parties) depending upon the customer and market opportunity. Our systems segment customers include utilities, independent power producers, commercial and industrial companies, and other system owners. As part of our systems segment, we may also temporarily own and operate certain of our systems for a period of time based on strategic opportunities or market factors. See Note 21. “Segment and Geographical Information” in our Annual Report on Form 10-K for the year ended December 31, 2019 for additional discussion of our segment reporting.

The following tables present certain financial information for our reportable segments for the three months ended March 31, 2020 and 2019 and as of March 31, 2020 and December 31, 2019 (in thousands):

	Three Months Ended March 31, 2020						Three Months Ended March 31, 2019
	Modules		Systems		Total		Modules		Systems		Total
Net sales	$	393,681	$	138,443	$	532,124	$	198,815	$	333,163	$	531,978
Gross profit (loss)	75,352		14,986		90,338		(24,996)		25,108		112
Depreciation and amortization expense	44,673		6,258		50,931		39,535		4,259		43,794
	March 31, 2020						December 31, 2019
	Modules		Systems		Total		Modules		Systems		Total
Goodwill	$	14,462	$	—	$	14,462	$	14,462	$	—	$	14,462