2022 Q1 Form 10-Q Financial Statement

#000177269522000083 Filed on April 28, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $65.72M $41.28M
YoY Change 59.23% 38.38%
Cost Of Revenue $29.53M $18.64M
YoY Change 58.41% 32.86%
Gross Profit $36.20M $22.63M
YoY Change 59.94% 43.23%
Gross Profit Margin 55.07% 54.83%
Selling, General & Admin $76.98M $45.94M
YoY Change 67.58% 52.57%
% of Gross Profit 212.69% 203.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $24.74M $19.54M
YoY Change 26.59% 30.76%
% of Gross Profit 68.35% 86.36%
Operating Expenses $70.40M $45.94M
YoY Change 53.25% 52.57%
Operating Profit -$34.21M -$23.31M
YoY Change 46.77% 62.91%
Interest Expense $2.490M -$8.051M
YoY Change -130.93% -87.16%
% of Operating Profit
Other Income/Expense, Net $155.0K $113.0K
YoY Change 37.17%
Pretax Income -$20.63M -$24.06M
YoY Change -14.26% -68.75%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$33.58M -$32.98M
YoY Change 1.82% -53.59%
Net Earnings / Revenue -51.1% -79.91%
Basic Earnings Per Share -$0.30 -$0.31
Diluted Earnings Per Share -$0.30 -$0.31
COMMON SHARES
Basic Shares Outstanding 113.5M shares 106.4M shares
Diluted Shares Outstanding 113.5M shares 106.4M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $208.5M $150.9M
YoY Change 38.17% 105.59%
Cash & Equivalents $324.9M $263.5M
Short-Term Investments
Other Short-Term Assets $283.1M $192.6M
YoY Change 47.02% 10.67%
Inventory $150.5M $107.7M
Prepaid Expenses
Receivables $21.27M $11.80M
Other Receivables $49.65M $21.54M
Total Short-Term Assets $562.6M $376.8M
YoY Change 49.29% 34.6%
LONG-TERM ASSETS
Property, Plant & Equipment $3.057B $2.446B
YoY Change 24.97% 29.8%
Goodwill $13.15M
YoY Change
Intangibles $183.4M
YoY Change
Long-Term Investments
YoY Change
Other Assets $662.5M $310.8M
YoY Change 113.15% 83.13%
Total Long-Term Assets $5.366B $3.380B
YoY Change 58.76% 40.69%
TOTAL ASSETS
Total Short-Term Assets $562.6M $376.8M
Total Long-Term Assets $5.366B $3.380B
Total Assets $5.928B $3.757B
YoY Change 57.81% 40.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $72.45M $33.90M
YoY Change 113.7% -43.17%
Accrued Expenses $80.74M $44.31M
YoY Change 82.21% 192.31%
Deferred Revenue $19.21M $9.026M
YoY Change 112.82% 211.99%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $155.1M $116.2M
YoY Change 33.48% 15.38%
Total Short-Term Liabilities $345.6M $217.3M
YoY Change 59.01% 13.88%
LONG-TERM LIABILITIES
Long-Term Debt $3.462B $1.995B
YoY Change 73.54% 31.97%
Other Long-Term Liabilities $467.6M $183.4M
YoY Change 154.95% 26.22%
Total Long-Term Liabilities $3.462B $1.995B
YoY Change 73.54% 31.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $345.6M $217.3M
Total Long-Term Liabilities $3.462B $1.995B
Total Liabilities $4.276B $2.396B
YoY Change 78.48% 29.66%
SHAREHOLDERS EQUITY
Retained Earnings -$423.5M -$524.5M
YoY Change -19.25% 44.96%
Common Stock $1.657B $1.547B
YoY Change 7.09% 53.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.234B $1.023B
YoY Change
Total Liabilities & Shareholders Equity $5.928B $3.757B
YoY Change 57.81% 40.06%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$33.58M -$32.98M
YoY Change 1.82% -53.59%
Depreciation, Depletion And Amortization $24.74M $19.54M
YoY Change 26.59% 30.76%
Cash From Operating Activities -$92.13M -$49.91M
YoY Change 84.6% -14.12%
INVESTING ACTIVITIES
Capital Expenditures $138.2M $117.5M
YoY Change 17.64% -16.83%
Acquisitions
YoY Change
Other Investing Activities -$1.148M -$208.0K
YoY Change 451.92% -28.03%
Cash From Investing Activities -$357.7M -$226.2M
YoY Change 58.1% 22.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $382.8M $161.7M
YoY Change 136.76% -38.14%
NET CHANGE
Cash From Operating Activities -$92.13M -$49.91M
Cash From Investing Activities -$357.7M -$226.2M
Cash From Financing Activities $382.8M $161.7M
Net Change In Cash -$66.97M -$114.4M
YoY Change -41.48% -704.01%
FREE CASH FLOW
Cash From Operating Activities -$92.13M -$49.91M
Capital Expenditures $138.2M $117.5M
Free Cash Flow -$230.3M -$167.4M
YoY Change 37.61% -16.04%

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CY2022Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-18221000 USD
CY2021Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-1980000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-92129000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-49908000 USD
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
138181000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
117459000 USD
CY2022Q1 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
246270000 USD
CY2021Q1 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
122532000 USD
CY2022Q1 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
23740000 USD
CY2021Q1 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
13459000 USD
CY2022Q1 nova Proceeds For Investments In Solar Receivables
ProceedsForInvestmentsInSolarReceivables
1798000 USD
CY2021Q1 nova Proceeds For Investments In Solar Receivables
ProceedsForInvestmentsInSolarReceivables
0 USD
CY2022Q1 nova Proceeds From State Utility Rebates
ProceedsFromStateUtilityRebates
115000 USD
CY2021Q1 nova Proceeds From State Utility Rebates
ProceedsFromStateUtilityRebates
111000 USD
CY2022Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1148000 USD
CY2021Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-208000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-357650000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-226213000 USD
CY2022Q1 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
391903000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
311280000 USD
CY2022Q1 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
39639000 USD
CY2021Q1 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
174800000 USD
CY2022Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
CY2021Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
2254000 USD
CY2022Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
5084000 USD
CY2021Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
6273000 USD
CY2022Q1 nova Payments Of Debt Discounts
PaymentsOfDebtDiscounts
0 USD
CY2021Q1 nova Payments Of Debt Discounts
PaymentsOfDebtDiscounts
20000 USD
CY2022Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
2820000 USD
CY2021Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1037000 USD
CY2022Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
51889000 USD
CY2021Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
40802000 USD
CY2022Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
5854000 USD
CY2021Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
2833000 USD
CY2022Q1 nova Payments Of Costs Related To Noncontrolling Interests
PaymentsOfCostsRelatedToNoncontrollingInterests
7383000 USD
CY2021Q1 nova Payments Of Costs Related To Noncontrolling Interests
PaymentsOfCostsRelatedToNoncontrollingInterests
3146000 USD
CY2022Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-199000 USD
CY2021Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-28000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
382813000 USD
CY2022Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
161691000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-66966000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-114430000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
391897000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
377893000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
324931000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
263463000 USD
CY2022Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
34958000 USD
CY2021Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
43603000 USD
CY2022Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
81478000 USD
CY2021Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
68968000 USD
CY2022Q1 us-gaap Cash
Cash
208495000 USD
CY2021Q1 us-gaap Cash
Cash
150892000 USD
CY2022Q1 nova Change In Capital Expenditures Incurred But Not Yet Paid
ChangeInCapitalExpendituresIncurredButNotYetPaid
10026000 USD
CY2021Q1 nova Change In Capital Expenditures Incurred But Not Yet Paid
ChangeInCapitalExpendituresIncurredButNotYetPaid
3272000 USD
CY2022Q1 nova Change In Accounts Payable And Accrued Expenses Related To Payments For Investments
ChangeInAccountsPayableAndAccruedExpensesRelatedToPaymentsForInvestments
3050000 USD
CY2021Q1 nova Change In Accounts Payable And Accrued Expenses Related To Payments For Investments
ChangeInAccountsPayableAndAccruedExpensesRelatedToPaymentsForInvestments
-9107000 USD
CY2022Q1 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
0 USD
CY2021Q1 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
95648000 USD
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
36926000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
28180000 USD
CY2022Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
CY2021Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 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
CY2021Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
145336000 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1476277000 USD
CY2022Q1 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-2432000 USD
CY2022Q1 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-18197000 USD
CY2022Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-2976000 USD
CY2022Q1 nova Noncontrolling Interest Increase From Contributions From Noncontrolling Interest Holders
NoncontrollingInterestIncreaseFromContributionsFromNoncontrollingInterestHolders
3757000 USD
CY2022Q1 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
48132000 USD
CY2022Q1 nova Distributions To Redeemable Noncontrolling Interests
DistributionsToRedeemableNoncontrollingInterests
1122000 USD
CY2022Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
4732000 USD
CY2022Q1 nova Noncontrolling Interest Decreasefrom Costs Related To Redeemable Noncontrolling Interest
NoncontrollingInterestDecreasefromCostsRelatedToRedeemableNoncontrollingInterest
57000 USD
CY2022Q1 nova Noncontrolling Interest Decrease From Costs Related To Noncontrolling Interest Holders
NoncontrollingInterestDecreaseFromCostsRelatedToNoncontrollingInterestHolders
2292000 USD
CY2022Q1 nova Redeemable Noncontrolling Interest Reallocation Of Basis
RedeemableNoncontrollingInterestReallocationOfBasis
173000 USD
CY2022Q1 nova Reallocation Of Asset Basis
ReallocationOfAssetBasis
173000 USD
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
10864000 USD
CY2022Q1 us-gaap Temporary Equity Other Changes
TemporaryEquityOtherChanges
-123000 USD
CY2022Q1 us-gaap Stockholders Equity Other
StockholdersEquityOther
-174000 USD
CY2022Q1 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
145186000 USD
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1507423000 USD
CY2022Q1 nova Number Of Customers
NumberOfCustomers
207000 customer
CY2022Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
25 state
CY2022Q1 nova Revenue From Contract With Customers Maximum Renewal Term
RevenueFromContractWithCustomersMaximumRenewalTerm
P10Y
nova Capital Commitments From Investors
CapitalCommitmentsFromInvestors
9400000000 USD
CY2022Q1 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>
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1044000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
912000 USD
CY2022Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
475000 USD
CY2021Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
396000 USD
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
506000 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
496000 USD
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
52000 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
36000 USD
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1065000 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
848000 USD
CY2022Q1 us-gaap Inventory Net
InventoryNet
150517000 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
127955000 USD
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
82658000 USD
CY2020Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
0 USD
CY2022Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
1320000 USD
CY2021Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
0 USD
CY2022Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-3760000 USD
CY2021Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
0 USD
CY2022Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
77578000 USD
CY2021Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
0 USD
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
65722000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
41276000 USD
CY2022Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
2300000000 USD
CY2022Q1 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
CY2022Q1 nova Average Ageof Solar Systems
AverageAgeofSolarSystems
P4Y
CY2022Q1 us-gaap Financing Receivable Threshold Period Past Due Writeoff
FinancingReceivableThresholdPeriodPastDueWriteoff
P180D
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
106800000 USD
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
363056000 USD
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
297819000 USD
CY2022Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
19200000 USD
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
15300000 USD
CY2022Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2100000 USD
CY2021Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2500000 USD
CY2022Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3382170000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3210348000 USD
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
325272000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
300735000 USD
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3056898000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2909613000 USD
CY2022Q1 us-gaap Inventory Net
InventoryNet
150517000 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
127955000 USD
CY2022Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
34958000 USD
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
80213000 USD
CY2022Q1 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
67608000 USD
CY2021Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
56074000 USD
CY2022Q1 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
16438000 USD
CY2021Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
14920000 USD
CY2022Q1 nova Investments In Solar Receivables Current
InvestmentsInSolarReceivablesCurrent
6750000 USD
CY2021Q4 nova Investments In Solar Receivables Current
InvestmentsInSolarReceivablesCurrent
6787000 USD
CY2022Q1 nova Prepaid Inventory
PrepaidInventory
2155000 USD
CY2021Q4 nova Prepaid Inventory
PrepaidInventory
4835000 USD
CY2022Q1 nova Deferred Receivables Current
DeferredReceivablesCurrent
4021000 USD
CY2021Q4 nova Deferred Receivables Current
DeferredReceivablesCurrent
4818000 USD
CY2022Q1 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
692000 USD
CY2021Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
719000 USD
CY2022Q1 us-gaap Other Assets Current
OtherAssetsCurrent
283139000 USD
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
296321000 USD
CY2022Q1 nova Financing Receivable Construction In Progress
FinancingReceivableConstructionInProgress
271400000 USD
CY2021Q4 nova Financing Receivable Construction In Progress
FinancingReceivableConstructionInProgress
238791000 USD
CY2022Q1 nova Exclusivity And Other Bonus Arrangements With Dealers Net
ExclusivityAndOtherBonusArrangementsWithDealersNet
92854000 USD
CY2021Q4 nova Exclusivity And Other Bonus Arrangements With Dealers Net
ExclusivityAndOtherBonusArrangementsWithDealersNet
81756000 USD
CY2022Q1 nova Investments In Solar Receivables Noncurrent
InvestmentsInSolarReceivablesNoncurrent
70828000 USD
CY2021Q4 nova Investments In Solar Receivables Noncurrent
InvestmentsInSolarReceivablesNoncurrent
75871000 USD
CY2022Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
81478000 USD
CY2021Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
68583000 USD
CY2022Q1 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
45835000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
43367000 USD
CY2022Q1 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
100061000 USD
CY2021Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
62768000 USD
CY2022Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
662456000 USD
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
571136000 USD
CY2022Q1 us-gaap Interest Payable Current
InterestPayableCurrent
13658000 USD
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
22740000 USD
CY2022Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
19209000 USD
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
15273000 USD
CY2022Q1 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
1993000 USD
CY2021Q4 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
3175000 USD
CY2022Q1 nova Lease Liability Current
LeaseLiabilityCurrent
2215000 USD
CY2021Q4 nova Lease Liability Current
LeaseLiabilityCurrent
1850000 USD
CY2022Q1 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
240000 USD
CY2021Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
1312000 USD
CY2022Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
37315000 USD
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
44350000 USD
CY2022Q1 nova Asset Retirement Obligation Useful Life
AssetRetirementObligationUsefulLife
P30Y
CY2021Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
54396000 USD
CY2020Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
41788000 USD
CY2022Q1 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
2573000 USD
CY2021Q1 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
2290000 USD
CY2022Q1 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
840000 USD
CY2021Q1 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
652000 USD
CY2022Q1 nova Asset Retirement Obligation Other
AssetRetirementObligationOther
30000 USD
CY2021Q1 nova Asset Retirement Obligation Other
AssetRetirementObligationOther
16000 USD
CY2022Q1 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
57779000 USD
CY2021Q1 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
44714000 USD
CY2022Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
1565417000 USD
CY2021Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
1301285000 USD
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
47818000 USD
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
41138000 USD
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
41138000 USD
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
17668000 USD
CY2022Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
6644000 USD
CY2021Q1 us-gaap Provision For Loan Losses Expensed
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P4Y6M29D
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P5Y6M7D
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14.71
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16816 shares
CY2021Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
0 shares
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309000 USD
CY2021Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
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0 USD
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8500000 USD
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25000 USD
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FinanceLeaseInterestExpense
14000 USD
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FinanceLeaseInterestExpense
3000 USD
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27000 USD
CY2021Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
10000 USD
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255000 USD
CY2021Q1 us-gaap Variable Lease Cost
VariableLeaseCost
261000 USD
CY2022Q1 us-gaap Lease Cost
LeaseCost
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LeaseCost
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OperatingLeaseRightOfUseAsset
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OperatingLeaseRightOfUseAsset
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LeaseRightOfUseAsset
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17684000 USD
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FinanceLeaseLiabilityNoncurrent
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LeaseLiability
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LeaseLiability
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382000 USD
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FinanceLeaseInterestPaymentOnLiability
14000 USD
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FinanceLeaseInterestPaymentOnLiability
3000 USD
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199000 USD
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-0.31
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113499426 shares
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113499426 shares
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CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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106359220 shares
CY2022Q1 us-gaap Operating Lease Cost
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692000 USD
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
336000 USD
CY2022Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
175000 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
CY2021Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
28000 USD
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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287000 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 USD
CY2022Q1 nova Operating Leases Leasehold Improvements Reimbursements
OperatingLeasesLeaseholdImprovementsReimbursements
45000 USD
CY2021Q1 nova Operating Leases Leasehold Improvements Reimbursements
OperatingLeasesLeaseholdImprovementsReimbursements
423000 USD
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y3M18D
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y6M14D
CY2022Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y2M12D
CY2021Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y4M6D
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0392
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2022Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
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0.0317
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FinanceLeaseWeightedAverageDiscountRatePercent
0.0311
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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1514000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
570000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3086000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
609000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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3065000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
439000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3113000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
175000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3180000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
5000 USD
CY2022Q1 nova Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
8638000 USD
CY2022Q1 nova Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
0 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
22596000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
1798000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3114000 USD
CY2022Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
79000 USD
CY2022Q1 nova Lessee Operating Lease Leasehold Incentive
LesseeOperatingLeaseLeaseholdIncentive
802000 USD
CY2022Q1 nova Finance Lease Liability Leasehold Incentives
FinanceLeaseLiabilityLeaseholdIncentives
0 USD
CY2022Q1 us-gaap Operating Lease Liability
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18680000 USD
CY2022Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
1719000 USD
CY2022Q1 us-gaap Operating Lease Liability Current
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1525000 USD
CY2022Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
690000 USD
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
17155000 USD
CY2022Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
1029000 USD
CY2022Q1 us-gaap Other Commitment
OtherCommitment
92900000 USD
CY2021Q4 us-gaap Other Commitment
OtherCommitment
81800000 USD
CY2022Q1 nova Payments For Other Commitments
PaymentsForOtherCommitments
13200000 USD
CY2021Q1 nova Payments For Other Commitments
PaymentsForOtherCommitments
3700000 USD
CY2021Q4 nova Purchase Obligation Megawatt Hours
PurchaseObligationMegawattHours
1420 MWh
CY2022Q1 us-gaap Contractual Obligation Future Minimum Payments Due Remainder Of Fiscal Year
ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear
21213000 USD
CY2022Q1 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
18264000 USD
CY2022Q1 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
4728000 USD
CY2022Q1 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
17000 USD
CY2022Q1 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
0 USD
CY2022Q1 nova Contractual Obligation To Be Paid After Year Four
ContractualObligationToBePaidAfterYearFour
0 USD
CY2022Q1 us-gaap Contractual Obligation
ContractualObligation
44222000 USD

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