Item 6. SELECTED CONSOLIDATED FINANCIAL DATA
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Item 6. SELECTED CONSOLIDATED FINANCIAL DATA
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The following selected consolidated financial data should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the consolidated financial statements and the related notes included elsewhere in this Annual Report on Form 10-K to fully understand factors that may affect the comparability of the information presented below (in thousands, except per share data).
| Year Ended December 31, | ||||||||||||||||||||
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| 2018 (2) | 2017 | 2016 (1) | 2015 | 2014 | ||||||||||||||||
| Consolidated Statements of Operations Data: | ||||||||||||||||||||
| Total revenues | $ | 21,461,268 | $ | 11,758,751 | $ | 7,000,132 | $ | 4,046,025 | $ | 3,198,356 | ||||||||||
| Gross profit | $ | 4,042,021 | $ | 2,222,487 | $ | 1,599,257 | $ | 923,503 | $ | 881,671 | ||||||||||
| Loss from operations | $ | (388,073 | ) | $ | (1,632,086 | ) | $ | (667,340 | ) | $ | (716,629 | ) | $ | (186,689 | ) | |||||
| Net loss attributable to common stockholders | $ | (976,091 | ) | $ | (1,961,400 | ) | $ | (674,914 | ) | $ | (888,663 | ) | $ | (294,040 | ) | |||||
| Net loss per share of common stock attributable to common stockholders, basic and diluted | $ | (5.72 | ) | $ | (11.83 | ) | $ | (4.68 | ) | $ | (6.93 | ) | $ | (2.36 | ) | |||||
| Weighted average shares used in computing net loss per share of common stock, basic and diluted | 170,525 | 165,758 | 144,212 | 128,202 | 124,539 |
| As of December 31, | ||||||||||||||||||||
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| 2018 (2) | 2017 | 2016 (1) | 2015 | 2014 | ||||||||||||||||
| Consolidated Balance Sheet Data: | ||||||||||||||||||||
| Working (deficit) capital | $ | (1,685,828 | ) | $ | (1,104,150 | ) | $ | 432,791 | $ | (29,029 | ) | $ | 1,072,907 | |||||||
| Total assets | 29,739,614 | 28,655,372 | 22,664,076 | 8,067,939 | 5,830,667 | |||||||||||||||
| Total long-term obligations | 13,433,874 | 15,348,310 | 10,923,162 | 4,125,915 | 2,753,595 |
| (1) | We acquired SolarCity Corporation (“SolarCity”) on November 21, 2016. SolarCity’s financial positions have been included in our financial positions from the acquisition date. See Note 3, Business Combinations, of the notes to the consolidated financial statements for additional information regarding this transaction. |
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| (2) | Includes the impact of the adoption of the new revenue recognition accounting standard in 2018. Prior periods have not been revised. See Note 2, Summary of Significant Accounting Policies, of the notes to the consolidated financial statements for further details. |
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