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 and from the historical consolidated financial statements not included herein to fully understand factors that may affect the comparability of the information presented below (in millions, except per share data).
Year Ended December 31,
2019 (3)
2018 (2)
2017
2016 (1)
2015
Consolidated Statements of Operations Data:
Total revenues
$
24,578
$
21,461
$
11,759
$
7,000
$
4,046
Gross profit
$
4,069
$
4,042
$
2,223
$
1,599
$
924
Loss from operations
$
(69
)
$
(388
)
$
(1,632
)
$
(667
)
$
(717
)
Net loss attributable to common stockholders
$
(862
)
$
(976
)
$
(1,962
)
$
(675
)
$
(889
)
Net loss per share of common stock attributable to common stockholders, basic and diluted
$
(4.92
)
$
(5.72
)
$
(11.83
)
$
(4.68
)
$
(6.93
)
Weighted average shares used in computing net loss per share of common stock, basic and diluted
177
171
166
144
128
As of December 31,
2019 (3)
2018 (2)
2017
2016 (1)
2015
Consolidated Balance Sheet Data:
Working (deficit) capital
$
1,436
$
(1,686
)
$
(1,104
)
$
433
$
(29
)
Total assets
34,309
29,740
28,655
22,664
8,068
Total long-term obligations
15,532
13,434
15,348
10,923
4,126
(1)
We acquired SolarCity Corporation (“SolarCity”) on November 21, 2016. SolarCity’s financial results have been included in our financial results from the acquisition date as previously reported in our Annual Report on Form 10-K for the year ended December 31, 2016.
(2)
We adopted ASC 606 in 2018. Prior periods have not been revised. See Note 2, Summary of Significant Accounting Policies, of the notes to the consolidated financial statements included elsewhere in this Annual Report on Form 10-K for further details.
(3)
Includes the impact of the adoption of the new lease accounting standard in 2019. Prior periods have not been revised. See Note 2, Summary of Significant Accounting Policies, of the notes to the consolidated financial statements included elsewhere in this Annual Report on Form 10-K for further details.
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