| Schedule of reportable segments and operating income |
| |
|
Three Months Ended
|
|
|
Six Months Ended
|
|
| |
|
Solar
|
|
|
All other
|
|
|
Solar
|
|
|
All other
|
|
|
Revenues
|
|
$
|
947,360
|
|
|
$
|
43,728
|
|
|
$
|
1,855,865
|
|
|
$
|
78,925
|
|
|
Cost of revenues
|
|
|
618,943
|
|
|
|
47,931
|
|
|
|
1,209,048
|
|
|
|
94,147
|
|
|
Gross profit (loss)
|
|
|
328,417
|
|
|
|
(4,203
|
)
|
|
|
646,817
|
|
|
|
(15,222
|
)
|
|
Research and development
|
|
|
62,102
|
|
|
|
6,863
|
|
|
|
117,925
|
|
|
|
13,391
|
|
|
Sales and marketing
|
|
|
34,136
|
|
|
|
2,029
|
|
|
|
65,281
|
|
|
|
3,590
|
|
|
General and administrative
|
|
|
25,145
|
|
|
|
2,988
|
|
|
|
49,888
|
|
|
|
6,766
|
|
|
Segments profit (loss)
|
|
$
|
207,034
|
|
|
$
|
(16,083
|
)
|
|
$
|
413,723
|
|
|
$
|
(38,969
|
)
|
| |
|
Three Months Ended
June 30, 2022
|
|
|
Six Months Ended
June 30, 2022
|
|
| |
|
Solar
|
|
|
All other
|
|
|
Solar
|
|
|
All other
|
|
|
Revenues
|
|
$
|
687,599
|
|
|
$
|
40,029
|
|
|
$
|
1,295,596
|
|
|
$
|
86,977
|
|
|
Cost of revenues
|
|
|
494,400
|
|
|
|
38,948
|
|
|
|
918,900
|
|
|
|
83,289
|
|
|
Gross profit
|
|
|
193,199
|
|
|
|
1,081
|
|
|
|
376,696
|
|
|
|
3,688
|
|
|
Research and development
|
|
|
49,141
|
|
|
|
8,587
|
|
|
|
92,272
|
|
|
|
16,517
|
|
|
Sales and marketing
|
|
|
28,419
|
|
|
|
3,283
|
|
|
|
54,224
|
|
|
|
5,857
|
|
|
General and administrative
|
|
|
16,396
|
|
|
|
3,789
|
|
|
|
32,245
|
|
|
|
7,414
|
|
|
Segments profit (loss)
|
|
$
|
99,243
|
|
|
$
|
(14,578
|
)
|
|
$
|
197,955
|
|
|
$
|
(26,100
|
)
|
|
| Schedule of reconciliation to consolidated operating income |
The following table presents information on reportable segments reconciliation to consolidated revenues for the periods presented:
| |
|
Three Months Ended
June 30,
|
|
|
Six Months Ended
June 30,
|
|
| |
|
2023
|
|
|
2022
|
|
|
2023
|
|
|
2022
|
|
|
Solar revenues
|
|
$
|
947,360
|
|
|
$
|
687,599
|
|
|
$
|
1,855,865
|
|
|
$
|
1,295,596
|
|
|
All other revenues
|
|
|
43,728
|
|
|
|
40,029
|
|
|
|
78,925
|
|
|
|
86,977
|
|
|
Revenues from finance component
|
|
|
202
|
|
|
|
146
|
|
|
|
389
|
|
|
|
281
|
|
|
Consolidated revenues
|
|
$
|
991,290
|
|
|
$
|
727,774
|
|
|
$
|
1,935,179
|
|
|
$
|
1,382,854
|
|
The following table presents information on reportable segments reconciliation to consolidated operating income for the periods presented:
| |
|
Three Months Ended
June 30,
|
|
|
Six Months Ended
June 30,
|
|
| |
|
2023
|
|
|
2022
|
|
|
2023
|
|
|
2022
|
|
|
Solar segment profit
|
|
$
|
207,034
|
|
|
$
|
99,243
|
|
|
$
|
413,723
|
|
|
$
|
197,955
|
|
|
All other segment loss
|
|
|
(16,083
|
)
|
|
|
(14,578
|
)
|
|
|
(38,969
|
)
|
|
|
(26,100
|
)
|
|
Segments operating profit
|
|
|
190,951
|
|
|
|
84,665
|
|
|
|
374,754
|
|
|
|
171,855
|
|
|
Amounts not allocated to segments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock based compensation expenses
|
|
|
(38,965
|
)
|
|
|
(37,074
|
)
|
|
|
(78,200
|
)
|
|
|
(71,181
|
)
|
|
Impairment of goodwill and intangible assets
|
|
|
-
|
|
|
|
(4,008
|
)
|
|
|
-
|
|
|
|
(4,008
|
)
|
|
Disposal of assets related to Critical Power
|
|
|
-
|
|
|
|
(4,314
|
)
|
|
|
-
|
|
|
|
(4,314
|
)
|
|
Other unallocated expenses, net
|
|
|
(1,628
|
)
|
|
|
(3,257
|
)
|
|
|
(2,042
|
)
|
|
|
(5,476
|
)
|
|
Consolidated operating income
|
|
$
|
150,358
|
|
|
$
|
36,012
|
|
|
$
|
294,512
|
|
|
$
|
86,876
|
|
|