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Segment Reporting and Information about Geographic Areas | 6 Months Ended
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Jun. 30, 2019
Segment Reporting [Abstract] |
Segment Reporting and Information about Geographic Areas | Note 18 – Segment Reporting and Information about Geographic Areas We have two operating and reportable segments: (i) automotive and (ii) energy generation and storage. The automotive segment includes the design, development, manufacturing, sales, and leasing of electric vehicles as well as sales of automotive regulatory credits. Additionally, the automotive segment is also comprised of services and other, which includes non-warranty after-sales vehicle services, sales of used vehicles, sales of electric vehicle components and systems to other manufacturers, retail merchandise, and sales by our acquired subsidiaries to third party customers. The energy generation and storage segment includes the design, manufacture, installation, sales, and leasing of solar energy generation and energy storage products. Our CODM does not evaluate operating segments using asset or liability information. The following table presents revenues and gross margins by reportable segment (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Automotive segment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 5,981,468 |  |  | $ | 3,627,823 |  |  | $ | 10,198,271 |  |  | $ | 6,626,552 |
Gross profit |  | $ | 878,361 |  |  | $ | 574,795 |  |  | $ | 1,436,330 |  |  | $ | 996,662 |
Energy generation and storage segment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 368,208 |  |  | $ | 374,408 |  |  | $ | 692,869 |  |  | $ | 784,430 |
Gross profit |  | $ | 42,685 |  |  | $ | 44,135 |  |  | $ | 50,459 |  |  | $ | 78,794 |
The following table presents revenues by geographic area based on the sales location of our products (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
United States |  | $ | 3,480,000 |  |  | $ | 2,246,637 |  |  | $ | 5,809,569 |  |  | $ | 4,115,828 |
China |  |  | 689,735 |  |  |  | 527,230 |  |  |  | 1,469,148 |  |  |  | 1,035,933 |
Norway |  |  | 380,373 |  |  |  | 224,421 |  |  |  | 796,433 |  |  |  | 386,741 |
Netherlands |  |  | 248,102 |  |  |  | 206,550 |  |  |  | 361,453 |  |  |  | 353,076 |
Other |  |  | 1,551,466 |  |  |  | 797,393 |  |  |  | 2,454,537 |  |  |  | 1,519,404 |
Total |  | $ | 6,349,676 |  |  | $ | 4,002,231 |  |  | $ | 10,891,140 |  |  | $ | 7,410,982 |
The revenues in certain geographic areas were impacted by the price adjustments we made to our vehicle offerings during the six months ended June 30, 2019. Refer to Note 2, Summary of Significant Accounting Policies, for details. The following table presents long-lived assets by geographic area (in thousands):
|  | June 30, |  |  | December 31, |
|  | 2019 |  |  | 2018 |
United States |  | $ | 15,620,488 |  |  | $ | 16,741,409 |
International |  |  | 662,674 |  |  |  | 860,064 |
Total |  | $ | 16,283,162 |  |  | $ | 17,601,473 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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