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Note 21. Segment and Geographical Information (Notes) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Segment and Geographical Information | 21. Segment and Geographical Information Our only reportable segment is our modules business, which involves the design, manufacture, and sale of CdTe solar modules, which convert sunlight into electricity. Third-party customers of our modules segment include system developers, independent power producers, utilities, commercial and industrial companies, and other system owners and operators. Our residual business operations include certain project development activities, O&M services, the results of operations from PV solar power systems we owned and operated in certain international regions, and the sale of such systems to third-party customers. Our business is managed by our Chief Executive Officer, who is also considered our chief operating decision maker (“CODM”). Our CODM views sales of solar modules as the primary driver of our consolidated operating results. Our modules segment contributes to our operating results by providing the fundamental technologies and solar modules that drive our business and sales opportunities. Accordingly, our CODM generally makes decisions about allocating resources and assessing performance of the Company based on the gross profit of our modules segment. However, information about our modules segment assets is not reported to the CODM for purposes of making such decisions. Accordingly, we exclude such asset information from our reportable segment financial disclosures. The following tables provide a reconciliation of certain financial information for our reportable segment to information presented in our consolidated financial statements for the years ended December 31, 2024, 2023, and 2022 (in thousands):
|  | Year Ended December 31, 2024
|  | Modules |  | Other |  | Consolidated Total
Net sales |  | $ | 4,202,733 |  |  | $ | 3,556 |  |  | $ | 4,206,289 |
Cost of sales |  | 2,342,045 |  |  | 6,380 |  |  | 2,348,425 |
Gross profit (loss) |  | 1,860,688 |  |  | (2,824) |  |  | 1,857,864 |
Goodwill |  | 28,335 |  |  | — |  |  | 28,335 |
|  | Year Ended December 31, 2023
|  | Modules |  | Other |  | Consolidated Total
Net sales |  | $ | 3,296,809 |  |  | $ | 21,793 |  |  | $ | 3,318,602 |
Cost of sales |  | 2,019,388 |  |  | (1,465) |  |  | 2,017,923 |
Gross profit |  | 1,277,421 |  |  | 23,258 |  |  | 1,300,679 |
Goodwill |  | 29,687 |  |  | — |  |  | 29,687 |
|  | Year Ended December 31, 2022
|  | Modules |  | Other |  | Consolidated Total
Net sales |  | $ | 2,428,278 |  |  | $ | 191,041 |  |  | $ | 2,619,319 |
Cost of sales |  | 2,312,881 |  |  | 236,580 |  |  | 2,549,461 |
Gross profit (loss) |  | 115,397 |  |  | (45,539) |  |  | 69,858 |
Goodwill |  | 14,462 |  |  | — |  |  | 14,462 |
The following table presents net sales for the years ended December 31, 2024, 2023, and 2022 by geographic region, based on the customer country of invoicing (in thousands):
|  | 2024 |  | 2023 |  | 2022
United States |  | $ | 3,904,844 |  |  | $ | 3,187,603 |  |  | $ | 2,193,619 |
India |  | 201,714 |  |  | 10,869 |  |  | 37,215 |
France |  | 34,370 |  |  | 68,302 |  |  | 67,656 |
Chile |  | — |  |  | 9 |  |  | 173,279 |
All other foreign countries |  | 65,361 |  |  | 51,819 |  |  | 147,550 |
Net sales |  | $ | 4,206,289 |  |  | $ | 3,318,602 |  |  | $ | 2,619,319 |
The following table presents long-lived assets, which include property, plant and equipment, lease assets, and project assets as of December 31, 2024 and 2023 by geographic region, based on the physical location of the assets (in thousands):
|  | 2024 |  | 2023
United States |  | $ | 3,911,923 |  |  | $ | 2,734,952 |
Malaysia |  | 646,111 |  |  | 718,692 |
Vietnam |  | 500,568 |  |  | 544,380 |
India |  | 471,736 |  |  | 478,667 |
All other foreign countries |  | 52,345 |  |  | 50,492 |
Long-lived assets |  | $ | 5,582,683 |  |  | $ | 4,527,183 |

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