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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 27, 2020
Sep. 29, 2019
Sep. 27, 2020
Sep. 29, 2019
Revenue:        
Revenue $ 274,806 $ 286,042 $ 783,019 $ 690,608
Cost of revenue:        
Cost of Revenue 237,666 240,547 691,043 613,205
Gross loss 37,140 45,495 91,976 77,403
Operating expenses:        
Research and development [1] 5,344 8,837 19,106 26,494
Sales, general and administrative 35,462 41,428 112,193 129,582
Restructuring (credits) charges (97) 4,252 2,738 6,626
(Gain) loss on sale and impairment of residential lease assets 386 10,756 253 28,283
Gain on business divestiture 0 0 (10,458) (143,400)
Income from transition services agreement, net2 (1,889) 0 (1,889) 0
Total operating expenses 39,206 65,273 121,943 47,585
Operating income (loss) (2,066) (19,778) (29,967) 29,818
Other income (expense), net:        
Interest income 104 951 682 2,184
Interest expense [2] (7,090) (8,930) (24,731) (40,570)
Other, net 155,457 45,111 277,100 145,343
Other income, net 148,471 37,132 253,051 106,957
Income from continuing operations before income taxes and equity in earnings of unconsolidated investees 146,405 17,354 223,084 136,775
Provision for income taxes (36,725) (2,928) (38,716) (10,074)
Equity in losses of unconsolidated investees 0 (960) 0 (716)
Net income from continuing operations 109,680 13,466 184,368 125,985
Loss before income taxes and equity in earnings (losses) of unconsolidated investees (70,761) (29,417) (125,599) (131,181)
Provision for income taxes 6,137 (2,450) 3,191 (7,169)
Equity in earnings (losses) of unconsolidated investees 58 (807) (586) (1,334)
Net loss from discontinued operations attributable to stockholders (64,566) (32,674) (122,994) (139,684)
Net income (loss) 45,114 (19,208) 61,374 (13,699)
Net (income) loss from continuing operations attributable to noncontrolling interests and redeemable noncontrolling interests (230) 5,178 2,512 33,474
Net (income) loss from discontinued operations attributable to noncontrolling interests and redeemable noncontrolling interests (258) (987) (1,313) (3,057)
Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests (488) 4,191 1,199 30,417
Net income from continuing operations attributable to stockholders 109,450 18,644 186,880 159,459
Net loss from discontinued operations attributable to stockholders (64,824) (33,661) (124,307) (142,741)
Net income (loss) attributable to stockholders $ 44,626 $ (15,017) $ 62,573 $ 16,718
Net income (loss) per share attributable to stockholders - basic:        
Continuing operations (usd per share) $ 0.64 $ 0.13 $ 1.10 $ 1.12
Discontinued operations (usd per share) (0.38) (0.24) (0.73) (1.00)
Net income (loss) per share - basic (usd per share) 0.26 (0.11) 0.37 0.12
Earnings Per Share [Abstract]        
Continuing operations (usd per share) 0.57 0.12 0.99 1.03
Discontinued operations (usd per share) (0.33) (0.22) (0.62) (0.86)
Net income (loss) per share - diluted (usd per share) $ 0.24 $ (0.10) $ 0.37 $ 0.17
Weighted-average shares:        
Basic (shares) 170,113 142,553 169,646 142,248
Diluted (shares) 198,526 155,583 200,124 166,861
Solar power systems, components, and other        
Revenue:        
Revenue [2] $ 267,619 $ 277,280 $ 765,316 $ 665,623
Cost of revenue:        
Cost of Revenue [1],[2] 233,144 236,991 681,649 600,947
Residential leasing        
Revenue:        
Revenue 1,284 3,523 3,937 9,083
Cost of revenue:        
Cost of Revenue 1,209 1,567 3,722 5,939
Solar services        
Revenue:        
Revenue 5,903 5,239 13,766 15,902
Cost of revenue:        
Cost of Revenue $ 3,313 $ 1,989 $ 5,672 $ 6,319
[1] We have related-party transactions with Maxeon Solar. These related-party transactions are recorded within the "cost of revenue: solar power systems, components, and other", "research and development" expenses", and "income from transition services agreement, net" (see Note 13).
[2] We have related-party transactions with Total SE and its affiliates as well as unconsolidated entities in which we have a direct equity investment. These related-party transactions are recorded within the "revenue: solar power systems, components, and other," "cost of revenue: solar power systems, components, and other," "operating expenses: research and development," and "other income (expense), net: interest expense" financial statement line items in our condensed consolidated statements of operations (see Note 3 and Note 11).