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8. Prepare a common size analysis of the statement of operations for Q3 2020 & Q2 2020. What are some of the trends you notice?
8. Prepare a common size analysis of the statement of operations for Q3 2020 & Q2 2020. What are some of the trends you notice? 30-Sep-19 31-Dec-19 31-Mar-20 30-Jun-20 30-Sep-20 5,338 1,128 3,581 BALANCE SHEET (Unaudited) In millions of USD ASSETS Current assets Cash and cash equivalents Accounts receivable, net Inventory Prepaid expenses and other current assets Total current assets Operating lease vehicles, net Solar energy systems, net Property, plant and equipment, net Operating lease right-of-use assets Goodwill and intangible assets, net Other non-current assets Total assets 893 10,940 2,253 6,168 10,190 1,234 537 1,473 32,795 6,268 1,324 3,552 959 12,103 2,447 6,138 10,396 1,218 537 1,470 34,309 8,080 1,274 4,494 1,045 14,893 2,527 6,106 10,638 1,197 516 1,373 37,250 8,615 1,485 4,018 1,218 15,336 2,524 6,069 11,009 1,274 508 1,415 38,135 14,531 1,757 4,218 1,238 21,744 2,742 6,025 11,848 1,375 521 1,436 45,691 3,771 3,222 1,163 726 LIABILITIES AND EQUITY Current liabilities Accounts payable Accrued liabilities and other Deferred revenue Customer deposits Current portion of debt and finance leases (1) Total current liabilities Debt and finance leases, net of current portion (1) Deferred revenue, net of current portion Other long-term liabilities Total liabilities Redeemable noncontrolling interests in subsidiaries Convertible senior notes Total stockholders' equity Noncontrolling interests in subsidiaries Total liabilities and equity 3,468 2,938 1,045 665 2,030 10,146 11,313 1,140 2,714 25,313 600 1,785 10,667 11,634 1,207 2,691 26,199 643 3,970 2,825 1,186 788 3,217 11,986 10,666 1,199 2,667 26,518 632 60 9,173 867 37,250 3,638 3,110 1,130 713 3,679 12,270 10,416 1,198 2,870 26,754 613 44 9,855 4,958 3,252 1,258 708 3,126 13,302 10,559 1,233 3,049 28,143 608 48 16,031 861 45,691 6,040 6,618 849 34,309 842 32,795 869 38,135 (1) Breakdown of our debt is as follows: Vehicle and energy product financing (non-recourse) 3,702 4,183 4,022 4,043 4,141 Other non-recourse debt Recourse debt Total debt excluding vehicle and energy product financing 155 7,882 8,037 355 7,263 7,618 708 7,600 8,308 1,415 7,106 8,521 605 7,448 8,053
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