Quarterly report pursuant to Section 13 or 15(d)

Revenue from Contracts with Customers (Tables)

v3.22.2
Revenue from Contracts with Customers (Tables)
6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Summary of Disaggregation of Revenue
The following table presents our revenue disaggregated by line of business and reportable segment for the three months ended June 30, 2022:
U.S. Regions U.S. Federal Canada Alternative Fuels All Other Total
Project revenue $ 378,646  $ 85,850  $ 10,160  $ —  $ 14,464  $ 489,120 
O&M revenue 5,457  13,365  11  2,122  95  21,050 
Energy assets 12,253  2,074  1,487  27,070  39  42,923 
Integrated-PV —  —  —  —  12,267  12,267 
Other 1,029  139  2,803  —  8,066  12,037 
Total revenues $ 397,385  $ 101,428  $ 14,461  $ 29,192  $ 34,931  $ 577,397 
The following table presents our revenue disaggregated by line of business and reportable segment for the three months ended June 30, 2021:
U.S. Regions U.S. Federal Canada Alternative Fuels All Other Total
Project revenue $ 101,843  $ 77,074  $ 7,307  $ —  $ 10,031  $ 196,255 
O&M revenue $ 5,403  $ 11,742  $ —  $ 2,362  $ 89  19,596 
Energy assets $ 10,058  $ 1,371  $ 1,571  $ 23,852  $ 91  36,943 
Integrated-PV $ —  $ —  $ —  $ —  $ 10,720  10,720 
Other $ 719  $ 11  $ 1,997  $ (1) $ 7,680  10,406 
Total revenues $ 118,023  $ 90,198  $ 10,875  $ 26,213  $ 28,611  $ 273,920 

The following table presents our revenue disaggregated by line of business and reportable segment for the six months ended June 30, 2022:
U.S. Regions U.S. Federal Canada Alternative Fuels All Other Total
Project revenue $ 677,278  $ 148,067  $ 24,111  $ —  $ 33,068  $ 882,524 
O&M revenue 10,537  25,662  22  4,896  186  41,303 
Energy assets 22,271  3,164  2,248  53,557  111  81,351 
Integrated-PV —  —  —  —  23,623  23,623 
Other 1,819  181  5,252  —  15,346  22,598 
Total revenues $ 711,905  $ 177,074  $ 31,633  $ 58,453  $ 72,334  $ 1,051,399 
The following table presents our revenue disaggregated by line of business and reportable segment for the six months ended June 30, 2021:
U.S. Regions U.S. Federal Canada Alternative Fuels All Other Total
Project revenue $ 177,655  $ 167,163  $ 16,308  $ —  $ 15,822  $ 376,948 
O&M revenue 9,818  23,182  26  4,894  160  38,080 
Energy assets 18,860  2,035  2,318  46,791  226  70,230 
Integrated-PV —  —  —  —  19,874  19,874 
Other 934  32  3,866  108  16,050  20,990 
Total revenues $ 207,267  $ 192,412  $ 22,518  $ 51,793  $ 52,132  $ 526,122 

The following table presents information related to our revenue recognized over time:
Three Months Ended June 30, Six Months Ended June 30,
2022 2021 2022 2021
Percentage of revenue recognized over time 97% 94% 96% 94%
The remainder of our revenue is for products and services transferred at a point in time, at which point revenue is recognized.
We attribute revenues to customers based on the location of the customer. The following table presents information related to our revenues by geographic area:
Three Months Ended June 30, Six Months Ended June 30,
2022 2021 2022 2021
United States $ 548,880  $ 252,536  $ 987,271  $ 486,545 
Canada 13,025  9,973  29,013  20,826 
Other 15,492  11,411  35,115  18,751 
Total revenues $ 577,397  $ 273,920  $ 1,051,399  $ 526,122 
Summary of Contract with Customer, Asset and Liability
The following tables provide information about receivables, contract assets and contract liabilities from contracts with customers:
  June 30, 2022 December 31, 2021
Accounts receivable, net $ 207,990  $ 161,970 
Accounts receivable retainage, net $ 43,444  $ 43,067 
Contract Assets:
Costs and estimated earnings in excess of billings $ 663,798  $ 306,172 
Contract Liabilities:
Billings in excess of cost and estimated earnings $ 39,787  $ 35,918 
Billings in excess of cost and estimated earnings, non-current (1)
6,175  6,481 
Total contract liabilities $ 45,962  $ 42,399 
June 30, 2021 December 31, 2020
Accounts receivable, net $ 115,462  $ 125,010 
Accounts receivable retainage, net $ 36,485  $ 30,189 
Contract Assets:
Costs and estimated earnings in excess of billings $ 195,027  $ 185,960 
Contract Liabilities:
Billings in excess of cost and estimated earnings $ 26,561  $ 33,984 
Billings in excess of cost and estimated earnings, non-current (1)
6,082  6,631 
Total contract liabilities $ 32,643  $ 40,615 
(1) Performance obligations that are expected to be completed beyond the next twelve months and are included in other liabilities in the condensed consolidated balance sheets.