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Note 21. Segment and Geographical Information (Notes)
12 Months Ended
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
 ModulesOther
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 
Goodwill28,335 — 28,335 
 Year Ended December 31, 2023
 ModulesOther
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 
Goodwill29,687 — 29,687 
 Year Ended December 31, 2022
 ModulesOther
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 
Goodwill14,462 — 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):
 202420232022
United States$3,904,844 $3,187,603 $2,193,619 
India201,714 10,869 37,215 
France34,370 68,302 67,656 
Chile— 173,279 
All other foreign countries65,361 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):
 20242023
United States$3,911,923 $2,734,952 
Malaysia646,111 718,692 
Vietnam500,568 544,380 
India471,736 478,667 
All other foreign countries52,345 50,492 
Long-lived assets$5,582,683 $4,527,183