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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 03, 2021
Sep. 27, 2020
Oct. 03, 2021
Sep. 27, 2020
Revenues:        
Revenue $ 323,636 $ 274,806 $ 938,961 $ 783,019
Cost of revenues:        
Cost of Revenue 263,986 237,666 768,406 691,043
Gross profit 59,650 37,140 170,555 91,976
Operating expenses:        
Research and development [1] 2,979 5,344 12,705 19,106
Sales, general, and administrative 51,169 35,462 155,643 112,193
Restructuring (credits) charges (230) (97) 4,344 2,738
(Gain) loss on sale and impairment of residential lease assets 0 386 (294) 253
(Gain) loss on business divestitures, net 0 0 (224) (10,458)
Income from transition services agreement, net [1] (468) (1,889) (5,211) (1,889)
Total operating expenses 53,450 39,206 166,963 121,943
Operating income (loss) 6,200 (2,066) 3,592 (29,967)
Other income (expense), net:        
Interest income 83 104 249 682
Interest expense [1] (6,710) (7,090) (22,396) (24,731)
Other, net (86,074) 155,457 (45,474) 277,100
Other income (expense), net (92,701) 148,471 (67,621) 253,051
(Loss) income from continuing operations before income taxes and equity in earnings of unconsolidated investees (86,501) 146,405 (64,029) 223,084
Benefits from (provision for) income taxes 2,194 (36,725) 4,993 (38,716)
Net (loss) income from continuing operations (84,307) 109,680 (59,036) 184,368
(Loss) income from discontinued operations before income taxes and equity in losses of unconsolidated investees 0 (70,761) 0 (125,599)
Benefits from (provision for) income taxes from discontinued operations 0 6,137 0 3,191
Equity in earnings (losses) of unconsolidated investees 0 58 0 (586)
Net (loss) income from discontinued operations, net of taxes 0 (64,566) 0 (122,994)
Net (loss) income (84,307) 45,114 (59,036) 61,374
Net (income) loss from continuing operations attributable to noncontrolling interests (69) (230) 1,482 2,512
Net (income) loss from discontinued operations attributable to noncontrolling interests 0 (258) 0 (1,313)
Net (income) loss attributable to noncontrolling interests (69) (488) 1,482 1,199
Net (loss) income from continuing operations attributable to stockholders (84,376) 109,450 (57,554) 186,880
Net (loss) income from discontinued operations attributable to stockholders 0 (64,824) 0 (124,307)
Net (loss) income $ (84,376) $ 44,626 $ (57,554) $ 62,573
Net (loss) income per share attributable to stockholders - basic:        
Continuing operations (in dollars per share) $ (0.49) $ 0.64 $ (0.33) $ 1.10
Discontinued operations (in dollars per share) 0 (0.38) 0 (0.73)
Net (loss) income per share – basic (0.49) 0.26 (0.33) 0.37
Net (loss) income per share attributable to stockholders - diluted:        
Continuing operations (in dollars per share) (0.49) 0.57 (0.33) 0.99
Discontinued operations (in dollars per share) 0 (0.33) 0 (0.62)
Net (loss) income per share - diluted (in dollars per share) $ (0.49) $ 0.24 $ (0.33) $ 0.37
Weighted-average shares:        
Basic (in shares) 172,885 170,113 172,242 169,646
Diluted (in shares) 172,885 198,526 172,242 200,124
Solar power systems, components, and other        
Revenues:        
Revenue [1] $ 318,607 $ 267,619 $ 923,252 $ 765,316
Cost of revenues:        
Cost of Revenue [1] 260,251 233,144 760,408 681,649
Residential leasing        
Revenues:        
Revenue 1,291 1,284 3,765 3,937
Cost of revenues:        
Cost of Revenue 935 1,209 2,214 3,722
Solar services        
Revenues:        
Revenue 3,738 5,903 11,944 13,766
Cost of revenues:        
Cost of Revenue $ 2,800 $ 3,313 $ 5,784 $ 5,672
[1] We have related-party transactions with TotalEnergies SE and its affiliates, Maxeon Solar, and unconsolidated entities in which we have a direct equity investment. These related-party transactions are recorded within the "revenues: solar power systems, components, and other," "cost of revenues: solar power systems, components, and other," "operating expenses: research and development," "operating expenses: sales, general, and administrative," "operating expenses: income from transition services agreement, net," and "other income (expense), net: interest expense," financial statement line items in our unaudited condensed consolidated statements of operations (see Note 2, Note 9, and Note 11).