2021 Q1 Form 10-Q Financial Statement

#000177269521000066 Filed on April 29, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $41.28M $29.83M
YoY Change 38.38% 11.66%
Cost Of Revenue $18.64M $14.03M
YoY Change 32.86% 36.08%
Gross Profit $22.63M $15.80M
YoY Change 43.23% -3.72%
Gross Profit Margin 54.83% 52.97%
Selling, General & Admin $45.94M $30.11M
YoY Change 52.57% 43.79%
% of Gross Profit 203.0% 190.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $19.54M $14.95M
YoY Change 30.76% 35.72%
% of Gross Profit 86.36% 94.59%
Operating Expenses $45.94M $30.11M
YoY Change 52.57% 44.0%
Operating Profit -$23.31M -$14.31M
YoY Change 62.91% 217.42%
Interest Expense -$8.051M -$62.70M
YoY Change -87.16% 102.32%
% of Operating Profit
Other Income/Expense, Net $113.0K $0.00
YoY Change
Pretax Income -$24.06M -$77.00M
YoY Change -68.75% 116.9%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$32.98M -$71.08M
YoY Change -53.59% 84.54%
Net Earnings / Revenue -79.91% -238.27%
Basic Earnings Per Share -$0.31
Diluted Earnings Per Share -$0.31 -$846.2K
COMMON SHARES
Basic Shares Outstanding 106.4M shares 84.00M shares
Diluted Shares Outstanding 106.4M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $150.9M $73.40M
YoY Change 105.59% 67.2%
Cash & Equivalents $263.5M $169.2M
Short-Term Investments
Other Short-Term Assets $192.6M $174.0M
YoY Change 10.67% 3063.93%
Inventory $107.7M $115.1M
Prepaid Expenses
Receivables $11.80M $10.67M
Other Receivables $21.54M $9.264M
Total Short-Term Assets $376.8M $280.0M
YoY Change 34.6% 225.53%
LONG-TERM ASSETS
Property, Plant & Equipment $2.446B $1.885B
YoY Change 29.8% 34.68%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $310.8M $169.7M
YoY Change 83.13% 96.43%
Total Long-Term Assets $3.380B $2.402B
YoY Change 40.69% 42.69%
TOTAL ASSETS
Total Short-Term Assets $376.8M $280.0M
Total Long-Term Assets $3.380B $2.402B
Total Assets $3.757B $2.682B
YoY Change 40.06% 51.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $33.90M $59.66M
YoY Change -43.17% 70.94%
Accrued Expenses $44.31M $15.16M
YoY Change 192.31% 21.26%
Deferred Revenue $9.026M $2.893M
YoY Change 211.99%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $116.2M $100.7M
YoY Change 15.38% 95.57%
Total Short-Term Liabilities $217.3M $190.9M
YoY Change 13.88% 73.35%
LONG-TERM LIABILITIES
Long-Term Debt $1.995B $1.512B
YoY Change 31.97% 48.72%
Other Long-Term Liabilities $183.4M $145.3M
YoY Change 26.22% 92.2%
Total Long-Term Liabilities $1.995B $1.512B
YoY Change 31.97% 38.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $217.3M $190.9M
Total Long-Term Liabilities $1.995B $1.512B
Total Liabilities $2.396B $1.848B
YoY Change 29.66% 42.56%
SHAREHOLDERS EQUITY
Retained Earnings -$524.5M -$361.8M
YoY Change 44.96%
Common Stock $1.547B $1.011B
YoY Change 53.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.023B $592.0M
YoY Change
Total Liabilities & Shareholders Equity $3.757B $2.682B
YoY Change 40.06% 51.58%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income -$32.98M -$71.08M
YoY Change -53.59% 84.54%
Depreciation, Depletion And Amortization $19.54M $14.95M
YoY Change 30.76% 35.72%
Cash From Operating Activities -$49.91M -$58.11M
YoY Change -14.12% 137.87%
INVESTING ACTIVITIES
Capital Expenditures $117.5M $141.2M
YoY Change -16.83% 104.97%
Acquisitions
YoY Change
Other Investing Activities -$208.0K -$289.0K
YoY Change -28.03% 236.05%
Cash From Investing Activities -$226.2M -$184.3M
YoY Change 22.73% 98.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$41.00K
YoY Change -783.33%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $161.7M $261.4M
YoY Change -38.14% 139.02%
NET CHANGE
Cash From Operating Activities -$49.91M -$58.11M
Cash From Investing Activities -$226.2M -$184.3M
Cash From Financing Activities $161.7M $261.4M
Net Change In Cash -$114.4M $18.95M
YoY Change -704.01% -344.17%
FREE CASH FLOW
Cash From Operating Activities -$49.91M -$58.11M
Capital Expenditures $117.5M $141.2M
Free Cash Flow -$167.4M -$199.3M
YoY Change -16.04% 113.58%

Facts In Submission

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PaymentsOfStockIssuanceCosts
41000 USD
CY2021Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
40802000 USD
CY2020Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
102342000 USD
CY2021Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
2833000 USD
CY2020Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
1373000 USD
CY2021Q1 nova Payments Of Costs Related To Noncontrolling Interests
PaymentsOfCostsRelatedToNoncontrollingInterests
3146000 USD
CY2020Q1 nova Payments Of Costs Related To Noncontrolling Interests
PaymentsOfCostsRelatedToNoncontrollingInterests
1295000 USD
CY2021Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-28000 USD
CY2020Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
161691000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
261372000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-114430000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
18945000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
377893000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
150291000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
263463000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
169236000 USD
CY2021Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
43603000 USD
CY2020Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
30502000 USD
CY2021Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
68968000 USD
CY2020Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
65298000 USD
CY2021Q1 us-gaap Cash
Cash
150892000 USD
CY2020Q1 us-gaap Cash
Cash
73436000 USD
CY2021Q1 nova Change In Capital Expenditures Incurred But Not Yet Paid
ChangeInCapitalExpendituresIncurredButNotYetPaid
3272000 USD
CY2020Q1 nova Change In Capital Expenditures Incurred But Not Yet Paid
ChangeInCapitalExpendituresIncurredButNotYetPaid
9357000 USD
CY2021Q1 nova Change In Accounts Payable And Accrued Expenses Related To Payments For Investments
ChangeInAccountsPayableAndAccruedExpensesRelatedToPaymentsForInvestments
-9107000 USD
CY2020Q1 nova Change In Accounts Payable And Accrued Expenses Related To Payments For Investments
ChangeInAccountsPayableAndAccruedExpensesRelatedToPaymentsForInvestments
-4523000 USD
CY2021Q1 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
95648000 USD
CY2020Q1 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
0 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
28180000 USD
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
25369000 USD
CY2021Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
CY2020Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
CY2019Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
127129000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
691111000 USD
CY2020Q1 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
1576000 USD
CY2020Q1 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-78580000 USD
CY2020Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
214000 USD
CY2020Q1 nova Noncontrolling Interest Increase From Contributions From Noncontrolling Interest Holders
NoncontrollingInterestIncreaseFromContributionsFromNoncontrollingInterestHolders
3170000 USD
CY2020Q1 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
99172000 USD
CY2020Q1 nova Distributions To Redeemable Noncontrolling Interests
DistributionsToRedeemableNoncontrollingInterests
1373000 USD
CY2020Q1 nova Noncontrolling Interest Decreasefrom Costs Related To Redeemable Noncontrolling Interest
NoncontrollingInterestDecreasefromCostsRelatedToRedeemableNoncontrollingInterest
-187000 USD
CY2020Q1 nova Noncontrolling Interest Decrease From Costs Related To Noncontrolling Interest Holders
NoncontrollingInterestDecreaseFromCostsRelatedToNoncontrollingInterestHolders
894000 USD
CY2020Q1 nova Redeemable Noncontrolling Interest Reallocation Of Basis
RedeemableNoncontrollingInterestReallocationOfBasis
-145000 USD
CY2020Q1 nova Reallocation Of Asset Basis
ReallocationOfAssetBasis
-145000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2690000 USD
CY2020Q1 us-gaap Temporary Equity Other Changes
TemporaryEquityOtherChanges
-44000 USD
CY2020Q1 us-gaap Stockholders Equity Other
StockholdersEquityOther
3000 USD
CY2020Q1 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
130790000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
703657000 USD
CY2020Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
136124000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1144557000 USD
CY2021Q1 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
2110000 USD
CY2021Q1 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-26174000 USD
CY2021Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
65542000 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt Subsequent Adjustments
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebtSubsequentAdjustments
8807000 USD
CY2021Q1 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
40802000 USD
CY2021Q1 nova Distributions To Redeemable Noncontrolling Interests
DistributionsToRedeemableNoncontrollingInterests
1090000 USD
CY2021Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1743000 USD
CY2021Q1 nova Noncontrolling Interest Decrease From Costs Related To Noncontrolling Interest Holders
NoncontrollingInterestDecreaseFromCostsRelatedToNoncontrollingInterestHolders
55000 USD
CY2021Q1 nova Redeemable Noncontrolling Interest Reallocation Of Basis
RedeemableNoncontrollingInterestReallocationOfBasis
-40000 USD
CY2021Q1 nova Reallocation Of Asset Basis
ReallocationOfAssetBasis
-40000 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7924000 USD
CY2021Q1 us-gaap Temporary Equity Other Changes
TemporaryEquityOtherChanges
-62000 USD
CY2021Q1 us-gaap Stockholders Equity Other
StockholdersEquityOther
475000 USD
CY2021Q1 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
137122000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1223785000 USD
CY2021Q1 nova Number Of Customers
NumberOfCustomers
116000 customer
CY2021Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
25 state
CY2021Q1 nova Revenue From Contract With Customers Maximum Renewal Term
RevenueFromContractWithCustomersMaximumRenewalTerm
P10Y
nova Capital Commitments From Investors
CapitalCommitmentsFromInvestors
6900000000 USD
CY2021Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2019Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
127129000 USD
CY2020Q1 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
1576000 USD
CY2020Q1 nova Noncontrolling Interest Increase From Contributions From Noncontrolling Interest Holders
NoncontrollingInterestIncreaseFromContributionsFromNoncontrollingInterestHolders
3170000 USD
CY2020Q1 nova Distributions To Redeemable Noncontrolling Interests
DistributionsToRedeemableNoncontrollingInterests
1373000 USD
CY2020Q1 nova Noncontrolling Interest Decreasefrom Costs Related To Redeemable Noncontrolling Interest
NoncontrollingInterestDecreasefromCostsRelatedToRedeemableNoncontrollingInterest
-187000 USD
CY2020Q1 nova Redeemable Noncontrolling Interest Reallocation Of Basis
RedeemableNoncontrollingInterestReallocationOfBasis
-145000 USD
CY2020Q1 us-gaap Temporary Equity Other Changes
TemporaryEquityOtherChanges
-44000 USD
CY2020Q1 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
130790000 USD
CY2021Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="text-indent:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div><span><br/></span></div><div style="text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The application of GAAP in the preparation of the interim financial statements requires us to make estimates and assumptions that affect the amounts reported in the interim financial statements and accompanying notes. We base our estimates on historical experience and on various other assumptions believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results could differ materially from those estimates.</span></div>
CY2021Q1 us-gaap Financing Receivable Threshold Period Past Due Writeoff
FinancingReceivableThresholdPeriodPastDueWriteoff
P180D
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
58900000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
912000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
960000 USD
CY2021Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
396000 USD
CY2020Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
402000 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
496000 USD
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
385000 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
36000 USD
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
9000 USD
CY2021Q1 nova Accounts Receivable Allowance For Credit Loss Other Net
AccountsReceivableAllowanceForCreditLossOtherNet
0 USD
CY2020Q1 nova Accounts Receivable Allowance For Credit Loss Other Net
AccountsReceivableAllowanceForCreditLossOtherNet
1000 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
848000 USD
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
747000 USD
CY2021Q1 us-gaap Inventory Net
InventoryNet
107684000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
102589000 USD
CY2021Q1 nova Accrued Expense Inventory
AccruedExpenseInventory
13500000 USD
CY2020Q4 nova Accrued Expense Inventory
AccruedExpenseInventory
8900000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
41276000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
29829000 USD
CY2021Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1700000000 USD
CY2021Q1 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.04
CY2021Q1 nova Average Ageof Solar Systems
AverageAgeofSolarSystems
P4Y
CY2021Q1 us-gaap Revenue Performance Obligation Description Of Timing
RevenuePerformanceObligationDescriptionOfTiming
We do not expect the annual recognition to vary significantly over approximately the next 20 years as the vast majority of existing solar service agreements have at least 20 years remaining
CY2021Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
136472000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
106809000 USD
CY2021Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
9000000.0 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
3800000 USD
CY2021Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2500000 USD
CY2020Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
997000 USD
CY2021Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2679139000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2536757000 USD
CY2021Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
233036000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
213588000 USD
CY2021Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2446103000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2323169000 USD
CY2021Q1 us-gaap Inventory Net
InventoryNet
107684000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
102589000 USD
CY2021Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
43603000 USD
CY2020Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
73020000 USD
CY2021Q1 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
29077000 USD
CY2020Q4 us-gaap Other Assets Current
OtherAssetsCurrent
215175000 USD
CY2020Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
8645000 USD
CY2021Q1 nova Prepaid Inventory
PrepaidInventory
0 USD
CY2020Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
24035000 USD
CY2021Q1 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
9318000 USD
CY2020Q4 nova Prepaid Inventory
PrepaidInventory
3352000 USD
CY2021Q1 nova Deferred Receivables Current
DeferredReceivablesCurrent
2075000 USD
CY2020Q4 nova Deferred Receivables Current
DeferredReceivablesCurrent
2678000 USD
CY2021Q1 nova Financing Receivable After Allowance For Credit Loss Other Current
FinancingReceivableAfterAllowanceForCreditLossOtherCurrent
820000 USD
CY2020Q4 nova Financing Receivable After Allowance For Credit Loss Other Current
FinancingReceivableAfterAllowanceForCreditLossOtherCurrent
853000 USD
CY2021Q1 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
3000 USD
CY2020Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
3000 USD
CY2021Q1 us-gaap Other Assets Current
OtherAssetsCurrent
192580000 USD
CY2021Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
68968000 USD
CY2020Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
95014000 USD
CY2021Q1 nova Financing Receivable Construction In Progress
FinancingReceivableConstructionInProgress
102242000 USD
CY2020Q4 nova Financing Receivable Construction In Progress
FinancingReceivableConstructionInProgress
85604000 USD
CY2021Q1 nova Exclusivity And Other Bonus Arrangements With Dealers Net
ExclusivityAndOtherBonusArrangementsWithDealersNet
62600000 USD
CY2020Q4 nova Exclusivity And Other Bonus Arrangements With Dealers Net
ExclusivityAndOtherBonusArrangementsWithDealersNet
55709000 USD
CY2021Q1 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
35877000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
33411000 USD
CY2021Q1 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
14291000 USD
CY2020Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
0 USD
CY2021Q1 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
26816000 USD
CY2020Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
24634000 USD
CY2021Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
310794000 USD
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
294372000 USD
CY2021Q1 us-gaap Interest Payable Current
InterestPayableCurrent
10318000 USD
CY2020Q4 us-gaap Interest Payable Current
InterestPayableCurrent
17718000 USD
CY2021Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
9026000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
3754000 USD
CY2021Q1 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
2349000 USD
CY2020Q4 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
3308000 USD
CY2021Q1 nova Lease Liability Current
LeaseLiabilityCurrent
1217000 USD
CY2020Q4 nova Lease Liability Current
LeaseLiabilityCurrent
1206000 USD
CY2021Q1 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
22000 USD
CY2020Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
27000 USD
CY2021Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
22932000 USD
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
26013000 USD
CY2021Q1 us-gaap Financing Receivable Nonaccrual No Allowance
FinancingReceivableNonaccrualNoAllowance
0 USD
CY2021Q1 nova Asset Retirement Obligation Useful Life
AssetRetirementObligationUsefulLife
P30Y
CY2020Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
41788000 USD
CY2019Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
31053000 USD
CY2021Q1 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
2290000 USD
CY2020Q1 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
2067000 USD
CY2021Q1 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
652000 USD
CY2020Q1 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
489000 USD
CY2021Q1 nova Asset Retirement Obligation Other
AssetRetirementObligationOther
-16000 USD
CY2020Q1 nova Asset Retirement Obligation Other
AssetRetirementObligationOther
-15000 USD
CY2021Q1 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
44714000 USD
CY2020Q1 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
33594000 USD
CY2021Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
672897000 USD
CY2020Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
555089000 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
20919000 USD
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
17668000 USD
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
17668000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
1091000 USD
CY2021Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
3251000 USD
CY2020Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1811000 USD
CY2021Q1 nova Finance Receivables Allowance For Credit Loss Other Net
FinanceReceivablesAllowanceForCreditLossOtherNet
0 USD
CY2020Q1 nova Finance Receivables Allowance For Credit Loss Other Net
FinanceReceivablesAllowanceForCreditLossOtherNet
-1000 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
20919000 USD
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
12136000 USD
CY2021Q1 us-gaap Provision For Lease Losses
ProvisionForLeaseLosses
62000 USD
CY2020Q1 us-gaap Provision For Lease Losses
ProvisionForLeaseLosses
53000 USD
CY2021Q1 nova Solar Energy Equipment Not Yet Placed In Service
SolarEnergyEquipmentNotYetPlacedInService
102200000 USD
CY2020Q4 nova Solar Energy Equipment Not Yet Placed In Service
SolarEnergyEquipmentNotYetPlacedInService
85600000 USD
CY2020Q4 us-gaap Financing Receivable Nonaccrual No Allowance
FinancingReceivableNonaccrualNoAllowance
0 USD
CY2020Q1 us-gaap Financing Receivable Nonaccrual Interest Income
FinancingReceivableNonaccrualInterestIncome
0 USD
CY2021Q1 us-gaap Financing Receivable Nonaccrual Interest Income
FinancingReceivableNonaccrualInterestIncome
0 USD
CY2021Q1 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
17797000 USD
CY2020Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
17092000 USD
CY2021Q1 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
655100000 USD
CY2020Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
537997000 USD
CY2021Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
672897000 USD
CY2020Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
555089000 USD
CY2020Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
8600000 USD
CY2021Q1 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
8600000 USD
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
75031 shares
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
110883000 USD
CY2021Q1 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
281100000 USD
CY2021Q1 us-gaap Financing Receivable Originated In Current Fiscal Year
FinancingReceivableOriginatedInCurrentFiscalYear
129799000 USD
CY2021Q1 us-gaap Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year
FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear
261450000 USD
CY2021Q1 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear
132412000 USD
CY2021Q1 us-gaap Financing Receivable Originated Three Years Before Latest Fiscal Year
FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear
86868000 USD
CY2021Q1 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
32357000 USD
CY2021Q1 us-gaap Financing Receivable Originated Five Or More Years Before Latest Fiscal Year
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CY2021Q1 nova Operating Leases Leasehold Improvements Reimbursements
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423000 USD
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P8Y2M23D
CY2020Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2021Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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CY2020Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0393
CY2020Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2021Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
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0.0338
CY2020Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0339
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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1155000 USD
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91000 USD
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CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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CY2021Q1 nova Lessee Operating Lease Liability To Be Paid After Year Four
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5984000 USD
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CY2021Q1 nova Lessee Operating Lease Leasehold Incentive
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527000 USD
CY2021Q1 nova Finance Lease Liability Leasehold Incentives
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178000 USD
CY2021Q1 us-gaap Letters Of Credit Outstanding Amount
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375000 USD
CY2021Q1 us-gaap Other Commitment
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62600000 USD
CY2020Q4 us-gaap Other Commitment
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CY2021Q1 nova Payments For Other Commitments
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3700000 USD
CY2020Q1 nova Payments For Other Commitments
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5300000 USD
CY2019Q3 nova Purchase Obligation Purchase Term
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P5Y
CY2020Q4 nova Purchase Obligation Purchase Term
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P1Y
CY2021Q1 us-gaap Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
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15642000 USD
CY2021Q1 us-gaap Purchase Obligation Due In Next Twelve Months
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26810000 USD
CY2021Q1 us-gaap Purchase Obligation Due In Second Year
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CY2021Q1 nova Purchase Obligation To Be Paid After Year Four
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CY2021Q1 us-gaap Purchase Obligation
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8026000 USD
CY2021Q1 us-gaap Contractual Obligation Due In Next Twelve Months
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2216000 USD
CY2021Q1 us-gaap Contractual Obligation Due In Second Year
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26000 USD
CY2021Q1 us-gaap Contractual Obligation Due In Third Year
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26000 USD
CY2021Q1 us-gaap Contractual Obligation Due In Fourth Year
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7000 USD
CY2021Q1 nova Contractual Obligation To Be Paid After Year Four
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0 USD
CY2021Q1 us-gaap Contractual Obligation
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10301000 USD

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