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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 02, 2022
Oct. 03, 2021
Oct. 02, 2022
Oct. 03, 2021
Income Statement [Abstract]        
Total revenues [1] $ 475,711 $ 283,312 $ 1,243,760 $ 784,199
Total cost of revenues 370,264 220,923 984,505 615,133
Gross profit 105,447 62,389 259,255 169,066
Operating expenses:        
Research and development [1] 6,784 2,615 19,199 11,497
Sales, general, and administrative [1] 87,124 43,704 257,163 135,449
Restructuring charges (credits) 111 (230) 244 4,344
(Gain) loss on sale and impairment of residential lease assets 0 0 0 (294)
(Gain) loss on business divestitures, net 0 0 0 (5,290)
(Income) expense from transition services agreement, net [1] (1,059) (468) (1,287) (5,211)
Total operating expenses 92,960 45,621 275,319 140,495
Operating income (loss) 12,487 16,768 (16,064) 28,571
Other (expense) income, net:        
Interest income 144 43 278 168
Interest expense [1] (4,216) (5,171) (15,224) (18,828)
Other, net 135,368 (86,099) 122,160 (46,539)
Other income (expense), net 131,296 (91,227) 107,214 (65,199)
Income (loss) from continuing operations before income taxes 143,783 (74,459) 91,150 (36,628)
(Provision for) benefits from income taxes (3,109) 2,015 5,308 3,547
Equity in earnings (losses) of unconsolidated investees 1,958 0 1,958 0
Net income (loss) from continuing operations 142,632 (72,444) 98,416 (33,081)
(Loss) income from discontinued operations before income taxes [1] 0 (12,042) (47,155) (27,401)
Benefits from (provision for) income taxes from discontinued operations 0 179 584 1,446
Net (loss) income from discontinued operations, net of taxes 0 (11,863) (46,571) (25,955)
Net income (loss) 142,632 (84,307) 51,845 (59,036)
Net (income) loss from continuing operations attributable to noncontrolling interests (3,225) (263) (3,671) 321
Net (income) loss from discontinued operations attributable to noncontrolling interests 0 194 250 1,161
Net (income) loss attributable to noncontrolling interests (3,225) (69) (3,421) 1,482
Net income (loss) from continuing operations attributable to stockholders 139,407 (72,707) 94,745 (32,760)
Net (loss) income from discontinued operations attributable to stockholders 0 (11,669) (46,321) (24,794)
Net income (loss) attributable to stockholders $ 139,407 $ (84,376) $ 48,424 $ (57,554)
Net income (loss) per share attributable to stockholders - basic:        
Continuing operations (in dollars per share) $ 0.80 $ (0.42) $ 0.55 $ (0.19)
Discontinued operations (in dollars per share) 0 (0.07) (0.27) (0.14)
Net income (loss) per share – basic (in dollars per share) 0.80 (0.49) 0.28 (0.33)
Net income (loss) per share attributable to stockholders - diluted:        
Continuing operations (in dollars per share) 0.74 (0.42) 0.54 (0.19)
Discontinued operations (in dollars per share) 0 (0.07) (0.24) (0.14)
Net income (loss) per share – diluted (in dollars per share) $ 0.74 $ (0.49) $ 0.30 $ (0.33)
Weighted-average shares:        
Basic (in shares) 174,118 172,885 173,815 172,242
Diluted (in shares) 192,497 172,885 191,589 172,242
[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 “total revenues,” “total cost of revenues,” “operating expenses: research and development,” “operating expenses: sales, general, and administrative,” “operating expenses: (income) expense transition services agreement, net,” “other income (expense), net: interest expense,” and “(loss) income from discontinued operations before income taxes” financial statement line items in our condensed consolidated statements of operations (see Note 3, Note 10, and Note 12).