2023 Q2 Form 10-Q Financial Statement

#000177269523000069 Filed on April 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q4
Revenue $166.4M $161.7M $195.6M
YoY Change 13.17% 146.03% 200.82%
Cost Of Revenue $88.26M $99.20M $134.3M
YoY Change 7.48% 235.96% 361.22%
Gross Profit $78.12M $62.50M $61.31M
YoY Change 20.38% 72.66% 70.76%
Gross Profit Margin 46.95% 38.65% 31.34%
Selling, General & Admin $131.2M $112.0M $100.5M
YoY Change 73.85% 45.48% 54.3%
% of Gross Profit 168.01% 179.21% 163.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $42.31M $32.67M $36.87M
YoY Change 27.53% 32.06% 20.67%
% of Gross Profit 54.16% 52.28% 60.15%
Operating Expenses $137.9M $111.3M $78.15M
YoY Change 103.91% 58.06% 73.79%
Operating Profit -$59.77M -$48.78M -$16.85M
YoY Change 2088.61% 42.61% 85.84%
Interest Expense -$30.66M -$85.61M -$52.13M
YoY Change 50.0% -3538.03% 142.03%
% of Operating Profit
Other Income/Expense, Net -$3.172M -$236.0K $2.763M
YoY Change -2082.5% -252.26% -705.92%
Pretax Income -$93.60M -$109.8M -$66.21M
YoY Change 865.23% 432.43% 113.18%
Income Tax $7.183M $510.0K $3.886M
% Of Pretax Income
Net Earnings -$86.09M -$81.08M -$61.99M
YoY Change 132.66% 141.44% 336.32%
Net Earnings / Revenue -51.74% -50.15% -31.7%
Basic Earnings Per Share -$0.74 -$0.70 -$0.18
Diluted Earnings Per Share -$0.74 -$0.70 -$0.18
COMMON SHARES
Basic Shares Outstanding 116.3M shares 114.9M shares 114.9M shares
Diluted Shares Outstanding 116.2M shares 115.1M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $187.3M $210.9M $360.3M
YoY Change -9.99% 1.15% 48.19%
Cash & Equivalents $187.3M $210.9M $360.3M
Short-Term Investments
Other Short-Term Assets $78.61M $403.0M $351.3M
YoY Change -75.67% 42.32% 18.55%
Inventory $179.2M $182.9M $152.1M
Prepaid Expenses $29.71M $20.46M $17.49M
Receivables $187.5M $25.61M $24.44M
Other Receivables $114.1M $188.6M $212.4M
Total Short-Term Assets $746.8M $828.1M $948.4M
YoY Change 11.34% 47.21% 54.02%
LONG-TERM ASSETS
Property, Plant & Equipment $4.529B $4.054B $3.785B
YoY Change 37.74% 32.63% 30.08%
Goodwill $13.15M $13.15M $13.15M
YoY Change 0.0% 0.0% 0.0%
Intangibles $148.3M $155.4M $162.5M
YoY Change -15.88% -15.27% -14.7%
Long-Term Investments
YoY Change
Other Assets $941.2M $986.6M $961.9M
YoY Change 17.23% 48.93% 68.42%
Total Long-Term Assets $8.860B $8.074B $7.389B
YoY Change 47.25% 50.47% 51.14%
TOTAL ASSETS
Total Short-Term Assets $746.8M $828.1M $948.4M
Total Long-Term Assets $8.860B $8.074B $7.389B
Total Assets $9.607B $8.902B $8.337B
YoY Change 43.65% 50.16% 51.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $138.8M $123.5M $116.1M
YoY Change 68.34% 70.45% 111.03%
Accrued Expenses $151.0M $122.2M $139.9M
YoY Change 66.12% 51.4% 71.16%
Deferred Revenue $41.28M $38.94M $30.17M
YoY Change 94.04% 102.71% 97.55%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $242.9M $209.3M $214.4M
YoY Change 46.43% 34.96% 65.21%
Total Short-Term Liabilities $580.5M $528.0M $541.9M
YoY Change 49.71% 52.76% 74.32%
LONG-TERM LIABILITIES
Long-Term Debt $6.125B $5.621B $5.195B
YoY Change 53.67% 62.39% 65.67%
Other Long-Term Liabilities $913.2M $805.2M $711.8M
YoY Change 70.49% 72.21% 63.62%
Total Long-Term Liabilities $7.038B $5.621B $5.195B
YoY Change 76.58% 62.39% 65.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $580.5M $528.0M $541.9M
Total Long-Term Liabilities $7.038B $5.621B $5.195B
Total Liabilities $8.217B $6.955B $6.449B
YoY Change 67.35% 62.67% 66.11%
SHAREHOLDERS EQUITY
Retained Earnings -$272.2M -$367.0M -$364.8M
YoY Change -27.84% -13.35% -20.65%
Common Stock $1.662B $1.646B $1.638B
YoY Change -0.94% -0.68% -0.69%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.390B $1.279B $1.273B
YoY Change
Total Liabilities & Shareholders Equity $9.607B $8.902B $8.337B
YoY Change 43.65% 50.16% 51.46%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q4
OPERATING ACTIVITIES
Net Income -$86.09M -$81.08M -$61.99M
YoY Change 132.66% 141.44% 336.32%
Depreciation, Depletion And Amortization $42.31M $32.67M $36.87M
YoY Change 27.53% 32.06% 20.67%
Cash From Operating Activities -$13.22M -$169.3M -$67.63M
YoY Change -81.18% 83.79% 8.41%
INVESTING ACTIVITIES
Capital Expenditures $458.9M $289.3M $230.7M
YoY Change -289.41% 109.36% -209.57%
Acquisitions
YoY Change
Other Investing Activities -$190.8M -$1.120M -$299.6M
YoY Change -35.13% -2.44% 63.23%
Cash From Investing Activities -$649.6M -$524.3M -$530.2M
YoY Change 21.12% 46.59% 34.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 647.9M $568.9M 603.6M
YoY Change 0.37% 48.6% 84.0%
NET CHANGE
Cash From Operating Activities -13.22M -$169.3M -67.63M
Cash From Investing Activities -649.6M -$524.3M -530.2M
Cash From Financing Activities 647.9M $568.9M 603.6M
Net Change In Cash -14.95M -$124.8M 5.733M
YoY Change -138.37% 86.29% -104.47%
FREE CASH FLOW
Cash From Operating Activities -$13.22M -$169.3M -$67.63M
Capital Expenditures $458.9M $289.3M $230.7M
Free Cash Flow -$472.1M -$458.6M -$298.3M
YoY Change -374.4% 99.13% -301.39%

Facts In Submission

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CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7108000 usd
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7113000 usd
CY2023Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
5171000 usd
CY2022Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2626000 usd
CY2023Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
3512000 usd
CY2022Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1784000 usd
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
9515000 usd
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
10864000 usd
CY2023Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-23616000 usd
CY2022Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
33874000 usd
CY2023Q1 us-gaap Unrealized Gain Loss On Hybrid Instrument Net
UnrealizedGainLossOnHybridInstrumentNet
487000 usd
CY2022Q1 us-gaap Unrealized Gain Loss On Hybrid Instrument Net
UnrealizedGainLossOnHybridInstrumentNet
6362000 usd
CY2023Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2958000 usd
CY2022Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-9482000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-20837000 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-4958000 usd
CY2023Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
43060000 usd
CY2022Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
48228000 usd
CY2023Q1 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
80308000 usd
CY2022Q1 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
22639000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-10618000 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2086000 usd
CY2023Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-11588000 usd
CY2022Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
9620000 usd
CY2023Q1 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-3470000 usd
CY2022Q1 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-10204000 usd
CY2023Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-15485000 usd
CY2022Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-18221000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-169327000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-92129000 usd
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
289296000 usd
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
138181000 usd
CY2023Q1 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
274362000 usd
CY2022Q1 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
246270000 usd
CY2023Q1 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
36111000 usd
CY2022Q1 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
23740000 usd
CY2023Q1 nova Proceeds For Investments In Solar Receivables
ProceedsForInvestmentsInSolarReceivables
2132000 usd
CY2022Q1 nova Proceeds For Investments In Solar Receivables
ProceedsForInvestmentsInSolarReceivables
1798000 usd
CY2023Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1120000 usd
CY2022Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1263000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-524295000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-357650000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
604240000 usd
CY2022Q1 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
391903000 usd
CY2023Q1 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
188724000 usd
CY2022Q1 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
39639000 usd
CY2023Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
6832000 usd
CY2022Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
5084000 usd
CY2023Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1488000 usd
CY2022Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
2820000 usd
CY2023Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
174951000 usd
CY2022Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
51889000 usd
CY2023Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
8554000 usd
CY2022Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
5854000 usd
CY2023Q1 nova Payments Of Costs Related To Noncontrolling Interests
PaymentsOfCostsRelatedToNoncontrollingInterests
4511000 usd
CY2022Q1 nova Payments Of Costs Related To Noncontrolling Interests
PaymentsOfCostsRelatedToNoncontrollingInterests
7383000 usd
CY2023Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-211000 usd
CY2022Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-199000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
568871000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
382813000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-124751000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-66966000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
545574000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
391897000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
420823000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
324931000 usd
CY2023Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
52699000 usd
CY2022Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
34958000 usd
CY2023Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
157240000 usd
CY2022Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
81478000 usd
CY2023Q1 us-gaap Cash
Cash
210884000 usd
CY2022Q1 us-gaap Cash
Cash
208495000 usd
CY2023Q1 nova Change In Capital Expenditures Incurred But Not Yet Paid
ChangeInCapitalExpendituresIncurredButNotYetPaid
-142000 usd
CY2022Q1 nova Change In Capital Expenditures Incurred But Not Yet Paid
ChangeInCapitalExpendituresIncurredButNotYetPaid
10026000 usd
CY2023Q1 nova Change In Accounts Payable And Accrued Expenses Related To Payments For Investments
ChangeInAccountsPayableAndAccruedExpensesRelatedToPaymentsForInvestments
11462000 usd
CY2022Q1 nova Change In Accounts Payable And Accrued Expenses Related To Payments For Investments
ChangeInAccountsPayableAndAccruedExpensesRelatedToPaymentsForInvestments
3050000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
69033000 usd
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
36926000 usd
CY2023Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
510000 usd
CY2022Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 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
-19672000 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 Decrease From 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
1505948000 usd
CY2022Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
165737000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1721713000 usd
CY2023Q1 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
20404000 usd
CY2023Q1 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-89942000 usd
CY2023Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-1624000 usd
CY2023Q1 nova Noncontrolling Interest Increase From Contributions From Noncontrolling Interest Holders
NoncontrollingInterestIncreaseFromContributionsFromNoncontrollingInterestHolders
60203000 usd
CY2023Q1 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
114748000 usd
CY2023Q1 nova Distributions To Redeemable Noncontrolling Interests
DistributionsToRedeemableNoncontrollingInterests
1448000 usd
CY2023Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
7106000 usd
CY2023Q1 nova Noncontrolling Interest Decrease From Costs Related To Redeemable Noncontrolling Interest
NoncontrollingInterestDecreaseFromCostsRelatedToRedeemableNoncontrollingInterest
2605000 usd
CY2023Q1 nova Noncontrolling Interest Decrease From Costs Related To Noncontrolling Interest Holders
NoncontrollingInterestDecreaseFromCostsRelatedToNoncontrollingInterestHolders
1460000 usd
CY2023Q1 nova Redeemable Noncontrolling Interest Reallocation Of Basis
RedeemableNoncontrollingInterestReallocationOfBasis
21528000 usd
CY2023Q1 nova Reallocation Of Asset Basis
ReallocationOfAssetBasis
21528000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
9515000 usd
CY2023Q1 us-gaap Temporary Equity Other Changes
TemporaryEquityOtherChanges
-453000 usd
CY2023Q1 us-gaap Stockholders Equity Other
StockholdersEquityOther
110000 usd
CY2023Q1 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
179502000 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1767262000 usd
CY2023Q1 nova Number Of Customers
NumberOfCustomers
309000 customer
CY2023Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
45 state
CY2023Q1 nova Revenue From Contract With Customers Maximum Renewal Term
RevenueFromContractWithCustomersMaximumRenewalTerm
P10Y
nova Capital Commitments From Investors
CapitalCommitmentsFromInvestors
12500000000 usd
CY2023Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
RevisionsWe have revised our previously issued interim financial statements to correct immaterial errors pertaining to our interest rate derivative financial instruments, specifically the credit valuation adjustment to account for the counterparties' credit risk. We did not record the estimated reduction to the derivative assets related to the credit valuation adjustment as of March 31, 2022. These immaterial errors impacted our consolidated balance sheet, consolidated statement of operations, consolidated statement of cash flows and consolidated statement of redeemable noncontrolling interests and equity.
CY2022Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
660981000 usd
CY2022Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-425004000 usd
CY2022Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
1015000 usd
CY2022Q1 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
-22104000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
-22104000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-35058000 usd
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.31
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.31
CY2022Q1 us-gaap Profit Loss
ProfitLoss
-22104000 usd
CY2022Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
33874000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-92129000 usd
CY2023Q1 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>
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1676000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1044000 usd
CY2023Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
928000 usd
CY2022Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
475000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
779000 usd
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
506000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
62000 usd
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
52000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1887000 usd
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1065000 usd
CY2023Q1 us-gaap Inventory Net
InventoryNet
182949000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
152113000 usd
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
72171000 usd
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
82658000 usd
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
969000 usd
CY2022Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
0 usd
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
2173000 usd
CY2022Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
1320000 usd
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-245000 usd
CY2022Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-3760000 usd
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
70722000 usd
CY2022Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
77578000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
161696000 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
65722000 usd
CY2023Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
3700000000 usd
CY2023Q1 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.03
CY2023Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2023Q1 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
CY2023Q1 nova Average Age Of Solar Systems
AverageAgeOfSolarSystems
P4Y
CY2023Q1 us-gaap Financing Receivable Threshold Period Past Due Writeoff
FinancingReceivableThresholdPeriodPastDueWriteoff
P180D
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
297800000 usd
CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
724668000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
615623000 usd
CY2023Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
38900000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
30200000 usd
CY2023Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
19800000 usd
CY2022Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2100000 usd
CY2023Q1 us-gaap Self Insurance Reserve
SelfInsuranceReserve
2400000 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4495113000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4192983000 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
440740000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
408182000 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4054373000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3784801000 usd
CY2023Q1 us-gaap Inventory Net
InventoryNet
182949000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
152113000 usd
CY2023Q1 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
133150000 usd
CY2022Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
114910000 usd
CY2023Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
52699000 usd
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
51733000 usd
CY2023Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
20457000 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
17492000 usd
CY2023Q1 nova Deferred Receivables Current
DeferredReceivablesCurrent
5650000 usd
CY2022Q4 nova Deferred Receivables Current
DeferredReceivablesCurrent
7392000 usd
CY2023Q1 nova Investments In Solar Receivables Current
InvestmentsInSolarReceivablesCurrent
7973000 usd
CY2022Q4 nova Investments In Solar Receivables Current
InvestmentsInSolarReceivablesCurrent
7107000 usd
CY2023Q1 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
97000 usd
CY2022Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
553000 usd
CY2023Q1 us-gaap Other Assets Current
OtherAssetsCurrent
402975000 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
351300000 usd
CY2023Q1 nova Financing Receivable Construction In Progress
FinancingReceivableConstructionInProgress
326907000 usd
CY2022Q4 nova Financing Receivable Construction In Progress
FinancingReceivableConstructionInProgress
382611000 usd
CY2023Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
157240000 usd
CY2022Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
133584000 usd
CY2023Q1 nova Exclusivity And Other Bonus Arrangements With Dealers Net
ExclusivityAndOtherBonusArrangementsWithDealersNet
144568000 usd
CY2022Q4 nova Exclusivity And Other Bonus Arrangements With Dealers Net
ExclusivityAndOtherBonusArrangementsWithDealersNet
121313000 usd
CY2023Q1 nova Investments In Solar Receivables Noncurrent
InvestmentsInSolarReceivablesNoncurrent
62749000 usd
CY2022Q4 nova Investments In Solar Receivables Noncurrent
InvestmentsInSolarReceivablesNoncurrent
65064000 usd
CY2023Q1 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
55416000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
53086000 usd
CY2023Q1 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
239745000 usd
CY2022Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
206233000 usd
CY2023Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
986625000 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
961891000 usd
CY2023Q1 us-gaap Interest Payable Current
InterestPayableCurrent
26220000 usd
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
35258000 usd
CY2023Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
38938000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
30172000 usd
CY2023Q1 nova Lease Liability Current
LeaseLiabilityCurrent
3246000 usd
CY2022Q4 nova Lease Liability Current
LeaseLiabilityCurrent
3247000 usd
CY2023Q1 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
1810000 usd
CY2022Q4 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
2495000 usd
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
36000 usd
CY2023Q1 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
2670000 usd
CY2022Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
334000 usd
CY2023Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
72884000 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
71506000 usd
CY2023Q1 nova Asset Retirement Obligation Useful Life
AssetRetirementObligationUsefulLife
P30Y
CY2022Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
69869000 usd
CY2021Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
54396000 usd
CY2023Q1 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
3355000 usd
CY2022Q1 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
2573000 usd
CY2023Q1 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
1081000 usd
CY2022Q1 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
840000 usd
CY2023Q1 nova Asset Retirement Obligation Other
AssetRetirementObligationOther
13000 usd
CY2022Q1 nova Asset Retirement Obligation Other
AssetRetirementObligationOther
30000 usd
CY2023Q1 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
74292000 usd
CY2022Q1 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
57779000 usd
CY2023Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
3089154000 usd
CY2022Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
2662307000 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
91459000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
81248000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
81248000 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
41138000 usd
CY2023Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
10211000 usd
CY2022Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
6644000 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
0 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
91459000 usd
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
47818000 usd
CY2023Q1 us-gaap Provision For Lease Losses
ProvisionForLeaseLosses
48000 usd
CY2022Q1 us-gaap Provision For Lease Losses
ProvisionForLeaseLosses
13000 usd
CY2023Q1 nova Solar Energy Equipment Not Yet Placed In Service
SolarEnergyEquipmentNotYetPlacedInService
326900000 usd
CY2022Q4 nova Solar Energy Equipment Not Yet Placed In Service
SolarEnergyEquipmentNotYetPlacedInService
382600000 usd
CY2023Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
15600000 usd
CY2022Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
12600000 usd
CY2023Q1 nova Financing Receivable Nonaccrual Allowance For Credit Loss
FinancingReceivableNonaccrualAllowanceForCreditLoss
341000 usd
CY2022Q4 nova Financing Receivable Nonaccrual Allowance For Credit Loss
FinancingReceivableNonaccrualAllowanceForCreditLoss
278000 usd
CY2023Q1 us-gaap Financing Receivable Nonaccrual Interest Income
FinancingReceivableNonaccrualInterestIncome
0 usd
CY2022Q1 us-gaap Financing Receivable Nonaccrual Interest Income
FinancingReceivableNonaccrualInterestIncome
0 usd
CY2023Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
3089154000 usd
CY2022Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
2662307000 usd
CY2023Q1 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
47800000 usd
CY2022Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
31400000 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
17.70
CY2023Q1 us-gaap Financing Receivable Originated In Current Fiscal Year
FinancingReceivableOriginatedInCurrentFiscalYear
457192000 usd
CY2023Q1 us-gaap Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year
FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear
1421348000 usd
CY2023Q1 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear
736750000 usd
CY2023Q1 us-gaap Financing Receivable Originated Three Years Before Latest Fiscal Year
FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear
225646000 usd
CY2023Q1 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
117019000 usd
CY2023Q1 us-gaap Financing Receivable Originated Five Or More Years Before Latest Fiscal Year
FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
131199000 usd
CY2023Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
3089154000 usd
CY2023Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
5621437000 usd
CY2023Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
209335000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
5194755000 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
214431000 usd
CY2023Q1 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
220700000 usd
CY2023Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
124100000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
130200000 usd
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2023Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3259459 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
18.48
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y9M
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
10341000 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
826076 shares
CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
14.61
CY2023Q1 nova Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageRemainingContractualTerm
P9Y11M23D
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
8.49
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4085535 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
115073975 shares
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y7M9D
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
6679000 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2706045 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
16.44
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y7M6D
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
5746000 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
4085535 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
17.70
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P5Y7M9D
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
6679000 usd
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
1379490 shares
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
10.94
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
16816 shares
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
16816 shares
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
309000 usd
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
309000 usd
CY2023Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
12300000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-81083000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-81083000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-35058000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-35058000 usd
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.70
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.70
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.31
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.31
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
115073975 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
113499426 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
113499426 shares
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
692000 usd
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
692000 usd
CY2023Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
230000 usd
CY2022Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
175000 usd
CY2023Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
18000 usd
CY2022Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
14000 usd
CY2023Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
27000 usd
CY2022Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
27000 usd
CY2023Q1 us-gaap Variable Lease Cost
VariableLeaseCost
233000 usd
CY2022Q1 us-gaap Variable Lease Cost
VariableLeaseCost
255000 usd
CY2023Q1 us-gaap Lease Cost
LeaseCost
1200000 usd
CY2022Q1 us-gaap Lease Cost
LeaseCost
1163000 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
14194000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
14706000 usd
CY2023Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
2329000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
2476000 usd
CY2023Q1 nova Lease Right Of Use Asset
LeaseRightOfUseAsset
16523000 usd
CY2022Q4 nova Lease Right Of Use Asset
LeaseRightOfUseAsset
17182000 usd
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2487000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2451000 usd
CY2023Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
759000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
796000 usd
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
15131000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
15751000 usd
CY2023Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
851000 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
957000 usd
CY2023Q1 nova Lease Liability
LeaseLiability
19228000 usd
CY2022Q4 nova Lease Liability
LeaseLiability
19955000 usd
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
764000 usd
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
382000 usd
CY2023Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
18000 usd
CY2022Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
14000 usd
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
211000 usd
CY2022Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
199000 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
83000 usd
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
287000 usd
CY2023Q1 nova Operating Leases Leasehold Improvements Reimbursements
OperatingLeasesLeaseholdImprovementsReimbursements
0 usd
CY2022Q1 nova Operating Leases Leasehold Improvements Reimbursements
OperatingLeasesLeaseholdImprovementsReimbursements
45000 usd
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y4M13D
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y7M6D
CY2023Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y8M4D
CY2022Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y10M9D
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0395
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0395
CY2023Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0452
CY2022Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0437
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2386000 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
648000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3118000 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
637000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3168000 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
320000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3236000 usd
CY2023Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
851000 usd
CY2023Q1 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
0 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
97000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3304000 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
3000 usd
CY2023Q1 nova Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
5485000 usd
CY2023Q1 nova Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
0 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
20697000 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
1705000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2458000 usd
CY2023Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
95000 usd
CY2023Q1 nova Lessee Operating Lease Leasehold Incentive
LesseeOperatingLeaseLeaseholdIncentive
621000 usd
CY2023Q1 nova Finance Lease Liability Leasehold Incentives
FinanceLeaseLiabilityLeaseholdIncentives
0 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
17618000 usd
CY2023Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
1610000 usd
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2487000 usd
CY2023Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
759000 usd
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
15131000 usd
CY2023Q1 us-gaap Other Commitment
OtherCommitment
144600000 usd
CY2022Q4 us-gaap Other Commitment
OtherCommitment
121300000 usd
CY2023Q1 nova Payments For Other Commitments
PaymentsForOtherCommitments
24600000 usd
CY2022Q1 nova Payments For Other Commitments
PaymentsForOtherCommitments
13200000 usd
CY2021Q4 nova Purchase Obligation Megawatt Hours
PurchaseObligationMegawattHours
1420 mwh
CY2023Q1 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
457100000 usd
CY2023Q1 nova Payments For Purchase Obligations
PaymentsForPurchaseObligations
78400000 usd
CY2022Q1 nova Payments For Purchase Obligations
PaymentsForPurchaseObligations
50600000 usd
CY2023Q1 us-gaap Contractual Obligation Future Minimum Payments Due Remainder Of Fiscal Year
ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear
27796000 usd
CY2023Q1 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
6012000 usd
CY2023Q1 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
85000 usd
CY2023Q1 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
0 usd
CY2023Q1 nova Contractual Obligation To Be Paid After Year Four
ContractualObligationToBePaidAfterYearFour
0 usd
CY2023Q1 us-gaap Contractual Obligation
ContractualObligation
33893000 usd

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0001772695-23-000069-index.html Edgar Link pending
0001772695-23-000069.txt Edgar Link pending
0001772695-23-000069-xbrl.zip Edgar Link pending
exhibit1010-ezopassignment.htm Edgar Link pending
exhibit1011-tephassignment.htm Edgar Link pending
exhibit103-retirementpolic.htm Edgar Link pending
exhibit104-retirementandtr.htm Edgar Link pending
exhibit106-ezopresignation.htm Edgar Link pending
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