In millions, except per share items | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
Operating leases and incentives | | | | 105.4 | 61.2 | 21.7 | 5.9 |
Solar energy system and product sales | | | | 29.8 | 3.0 | 3.6 | 0.3 |
Total revenues [+] | 341.0 | 290.3 | 268.0 | 135.2 | 64.2 | 25.3 | 6.2 |
Products | | | | 29.8 | 3.0 | 3.6 | 0.3 |
Lease / rental | | | 150.9 | 105.4 | 61.2 | 21.7 | 5.9 |
Revenue growth [+] | 17.5% | 8.3% | 98.3% | 110.6% | 154.1% | 309.4% | |
Operating leases and incentives | | | | 72.3% | 182.0% | 269.8% | |
Solar energy system and product sales | | | | 883.3% | -15.1% | 1066.7% | |
Cost of goods sold | 258.5 | 248.3 | 230.3 | 174.0 | 133.0 | 2.0 | 0.1 |
Gross profit | 82.5 | 42.0 | 37.7 | -38.8 | -68.8 | 23.3 | 6.0 |
Gross margin | 24.2% | 14.5% | 14.1% | -28.7% | -107.2% | 92.1% | 98.0% |
Selling, general and administrative [+] | 269.0 | 152.7 | 118.7 | 123.2 | 140.7 | 100.8 | 23.8 |
Sales and marketing | 151.2 | 59.0 | 38.7 | 41.4 | 48.1 | 21.9 | 7.3 |
General and administrative | 117.8 | 93.7 | 80.0 | 81.8 | 92.7 | 78.9 | 16.4 |
Research and development | 2.0 | 1.9 | 3.3 | 3.0 | 3.9 | 1.9 | |
Other operating expenses | | | | 0.9 | 13.2 | 82.9 | 33.6 |
EBITDA [+] | -106.6 | -42.9 | -23.1 | -118.2 | -188.5 | -138.7 | -34.8 |
EBITDA growth | 148.8% | 85.7% | -80.5% | -37.3% | 35.9% | 299.1% | |
EBITDA margin | -31.3% | -14.8% | -8.6% | -87.5% | -293.7% | -549.2% | -563.4% |
Depreciation | 81.7 | 69.1 | 60.6 | 46.8 | 24.9 | 8.5 | 2.0 |
EBITA | -188.4 | -112.0 | -83.6 | -165.0 | -213.4 | -147.3 | -36.7 |
EBITA margin | -55.2% | -38.6% | -31.2% | -122.1% | -332.5% | -583.0% | -595.5% |
Amortization of intangibles | 0.2 | 0.5 | 0.6 | 0.9 | 13.2 | 15.0 | 14.6 |
EBIT [+] | -188.6 | -112.5 | -84.2 | -165.9 | -226.6 | -162.3 | -51.3 |
EBIT growth | 67.6% | 33.5% | -49.2% | -26.8% | 39.6% | 216.1% | |
EBIT margin | -55.3% | -38.7% | -31.4% | -122.8% | -353.1% | -642.5% | -832.1% |
Non-recurring items [+] | | | | 36.6 | 4.5 | | |
Asset impairment | | | | 36.6 | 4.5 | | |
Interest expense | 82.3 | 65.3 | 64.3 | 34.0 | 12.6 | 9.3 | 3.1 |
Interest expense | 82.3 | 65.3 | 64.3 | 34.0 | 12.6 | 9.3 | 3.1 |
Other income (expense), net [+] | -1.4 | 4.5 | -0.4 | 1.4 | 0.2 | -1.4 | -1.9 |
Other | -1.4 | 4.5 | -0.4 | 1.4 | 0.2 | -1.4 | -1.9 |
Pre-tax income | -272.3 | -173.3 | -148.9 | -235.1 | -243.5 | -173.0 | -56.3 |
Income taxes | 151.0 | 106.3 | -157.3 | 7.4 | 9.7 | -7.1 | 0.1 |
Tax rate | | | 105.7% | | | 4.1% | |
Minority interest | -321.1 | -264.0 | -200.6 | -260.5 | -266.3 | -137.0 | -62.1 |
Net income | -102.2 | -15.6 | 209.1 | 18.0 | 13.1 | -28.9 | 5.6 |
Net margin | -30.0% | -5.4% | 78.0% | 13.3% | 20.4% | -114.4% | 91.4% |
|
Basic EPS [+] | ($0.84) | ($0.13) | $1.85 | $0.17 | $0.12 | ($0.35) | $0.08 |
Growth | 535.1% | -107.2% | 1011.8% | 34.8% | -135.6% | -560.4% | |
Diluted EPS [+] | ($0.84) | ($0.13) | $1.77 | $0.16 | $0.12 | ($0.35) | $0.07 |
Growth | 535.1% | -107.5% | 1006.2% | 34.2% | -134.4% | -561.8% | |
|
Shares outstanding (basic) [+] | 121.3 | 117.6 | 113.1 | 108.2 | 106.1 | 83.4 | 75.0 |
Growth | 3.2% | 3.9% | 4.6% | 2.0% | 27.1% | 11.3% | |
Shares outstanding (diluted) [+] | 121.3 | 117.6 | 118.3 | 112.5 | 109.9 | 83.4 | 75.2 |
Growth | 3.2% | -0.6% | 5.1% | 2.4% | 31.7% | 10.9% | |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |