v3.22.2.2
Consolidated Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Operating revenues, net $ 30,438 $ 20,138 $ 74,399 $ 50,222
Operating expenses        
Cost of operations (exclusive of depreciation and amortization shown separately below) 4,488 3,849 12,842 10,005
General and administrative 6,560 4,630 19,502 12,073
Depreciation, amortization and accretion expense 7,134 5,309 20,819 14,167
Acquisition and entity formation costs 237 954 583 1,186
Loss (gain) on fair value remeasurement of contingent consideration, net 825 (350) (146) (2,400)
Gain on disposal of property, plant and equipment (2,222) 0 (2,222) 0
Stock-based compensation 2,708 34 6,670 111
Total operating expenses 19,730 14,426 58,048 35,142
Operating income 10,708 5,712 16,351 15,080
Other (income) expense        
Change in fair value of redeemable warrant liability 29,564 0 6,447 0
Change in fair value of alignment shares liability 72,418 0 9,367 0
Other (income) expense, net (2,267) 1,087 (2,860) 838
Interest expense, net 5,657 5,223 15,768 13,962
Loss on extinguishment of debt 0 3,245 0 3,245
Total other expense 105,372 9,555 28,722 18,045
Loss before income tax expense (94,664) (3,843) (12,371) (2,965)
Income tax (expense) benefit (1,964) 2,552 (2,548) 1,497
Net loss (96,628) (1,291) (14,919) (1,468)
Net income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests 352 (236) (2,473) (186)
Net loss attributable to Altus Power, Inc. $ (96,980) $ (1,055) $ (12,446) $ (1,282)
Net loss per share attributable to common stockholders        
Net loss per share attributable to common stockholders – basic (in usd per share) $ (0.63) $ (0.01) $ (0.08) $ (0.01)
Net loss per share attributable to common stockholders – diluted (in usd per share) $ (0.63) $ (0.01) $ (0.08) $ (0.01)
Weighted average shares used to compute net loss per share attributable to common stockholders        
Weighted average shares of common stock outstanding – basic (in shares) 154,455,228 88,741,089 153,482,503 88,741,089
Weighted average shares of common stock outstanding – diluted (in shares) 154,455,228 88,741,089 153,482,503 88,741,089