Condensed Consolidated Statements of Operations - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Jun. 30, 2023 |
Jun. 30, 2022 |
|
| Net revenue: | ||||
| Net revenue | $ 260,182 | $ 151,267 | $ 470,468 | $ 292,070 |
| Cost of revenue: | ||||
| Provision for loss contracts related to service | 7,331 | 1,068 | 14,220 | 3,116 |
| Total cost of revenue | 338,325 | 183,732 | 618,007 | 359,885 |
| Gross loss | (78,143) | (32,465) | (147,539) | (67,815) |
| Operating expenses: | ||||
| Research and development | 29,251 | 23,557 | 55,786 | 44,018 |
| Selling, general and administrative | 101,154 | 95,953 | 205,170 | 176,842 |
| Impairment | 9,986 | 11,069 | ||
| Change in fair value of contingent consideration | 15,308 | (5,066) | 24,077 | (2,605) |
| Total operating expenses | 155,699 | 114,444 | 296,102 | 218,255 |
| Operating loss | (233,842) | (146,909) | (443,641) | (286,070) |
| Interest income | 16,391 | 3,838 | 34,023 | 5,892 |
| Interest expense | (11,265) | (11,203) | (21,915) | (19,851) |
| Other expense, net | (5,082) | (2,456) | (9,853) | (3,765) |
| Realized gain/(loss) on investments, net | 264 | (468) | 263 | (1,315) |
| Change in fair value of equity securities | 3,842 | (13,484) | 8,917 | (18,643) |
| Loss on equity method investments | (7,623) | (2,191) | (12,940) | (6,024) |
| Loss before income taxes | (237,315) | (172,873) | (445,146) | (329,776) |
| Income tax (benefit) expense | (917) | 423 | (2,187) | 9 |
| Net loss | $ (236,398) | $ (173,296) | $ (442,959) | $ (329,785) |
| Net loss per share: | ||||
| Net loss per share, basic | $ (0.40) | $ (0.30) | $ (0.75) | $ (0.57) |
| Net loss per share, diluted | $ (0.40) | $ (0.30) | $ (0.75) | $ (0.57) |
| Weighted average number of common stock outstanding, basic | 598,053,390 | 578,043,278 | 593,653,720 | 578,217,636 |
| Weighted average number of common stock outstanding, diluted | 598,053,390 | 578,043,278 | 593,653,720 | 578,217,636 |
| Sales of equipment, related infrastructure and other | ||||
| Net revenue: | ||||
| Net revenue | $ 216,286 | $ 116,233 | $ 398,380 | $ 225,080 |
| Cost of revenue: | ||||
| Cost of revenue | 187,408 | 94,153 | 345,728 | 182,981 |
| Services performed on fuel cell systems and related infrastructure | ||||
| Net revenue: | ||||
| Net revenue | 8,701 | 8,822 | 17,798 | 17,062 |
| Cost of revenue: | ||||
| Cost of revenue | 23,449 | 11,612 | 35,670 | 25,487 |
| Power purchase agreements | ||||
| Net revenue: | ||||
| Net revenue | 16,130 | 11,169 | 24,067 | 21,206 |
| Cost of revenue: | ||||
| Cost of revenue | 53,976 | 34,892 | 100,792 | 66,645 |
| Fuel delivered to customers and related equipment | ||||
| Net revenue: | ||||
| Net revenue | 17,878 | 14,472 | 28,020 | 27,900 |
| Cost of revenue: | ||||
| Cost of revenue | 64,450 | 41,607 | 118,951 | 80,879 |
| Other | ||||
| Net revenue: | ||||
| Net revenue | 1,187 | 571 | 2,203 | 822 |
| Cost of revenue: | ||||
| Cost of revenue | $ 1,711 | $ 400 | $ 2,646 | $ 777 |
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- Definition Represents information pertaining to nonoperating interest income. No definition available.
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- Definition Amount of expense related loan transactions, lease transactions, credit loss from transactions other than loan and lease transactions, and other loss based on assessment of uncollectibility from the counterparty to reduce the account to their net realizable value. No definition available.
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- Definition Amount of increase (decrease) in the value of a contingent consideration liability, including, but not limited to, differences arising upon settlement. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of realized gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of unrealized gain (loss) on investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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