SolarCity is a full-service solar provider for homeowners, businesses and government organizations. It provides solar power system design, financing, installation, energy efficiency and monitoring services. The company makes clean energy available to homeowners, businesses, schools, non-profits and government organizations at a lower cost than they pay for energy generated by burning fossil fuels like coal, oil and natural gas. SolarCity's mission is to make solar power the workhorse of the world's energy production.
Type
Subsidiary
Parent Company
Tesla
HQ
San Mateo, US
Founded
2006
SolarCity was founded in 2006 and is headquartered in San Mateo, US
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Key People/Management at SolarCity

Lyndon Rive

Lyndon Rive

Founder, CEO
Radford Small

Radford Small

CFO
Peter Rive

Peter Rive

CTO
Elon Musk

Elon Musk

Chairman
Aaron Gillmore

Aaron Gillmore

Vice President, Solar Development

SolarCity Office Locations

SolarCity has an office in San Mateo, White Plains, San Francisco, Dennis and in 31 other locations
Las Vegas, US (HQ)
300 6671 S Las Vegas Blvd
Roseville, US (HQ)
1000 Enterprise Way
San Francisco, US (HQ)
444 De Haro St
San Mateo, US (HQ)
3055 Clearview Way
Albuquerque, US
d 8000 Bluewater Rd NW
Bethpage, US
4 15 Grumman Rd W
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SolarCity Financials and Metrics

Summary Metrics

In total, SolarCity had raised $884.6 m. SolarCity is a subsidiary of Tesla

SolarCity Financials

SolarCity's revenue was reported to be $730.34 m in FY, 2016 which is a 82.8% increase from the previous period.
Annual
usdFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

126.9 m163.8 m255 m399.6 m730.3 m

Revenue growth, %

29%56%57%83%

Cost of goods sold

34.7 m176.4 m280.8 m478.9 m

Gross profit

129.1 m78.6 m118.8 m251.4 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Revenue

48.6 m63.5 m61.3 m58.3 m67.5 m102.8 m113.9 m122.6 m185.8 m200.6 m

Cost of goods sold

31.1 m48.8 m38.5 m32.4 m45.7 m59.5 m88.6 m109.1 m114.5 m129 m

Gross profit

17.5 m14.8 m22.9 m26 m21.8 m43.3 m25.3 m13.4 m71.3 m71.6 m

Gross profit Margin, %

36%23%37%45%32%42%22%11%38%36%
Annual
usdY, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

50.5 m160.1 m577.1 m504.4 m382.5 m290.7 m

Accounts Receivable

23 m22.7 m34 m66.9 m

Inventories

111.4 m217.2 m343 m172.7 m

Current Assets

787.7 m1 b902.1 m692.9 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Cash

133 m519.6 m405.3 m696.5 m446.7 m421.4 m372.8 m361.7 m145.7 m259.3 m

Accounts Receivable

32.8 m25.9 m22.3 m22.9 m25.6 m34.2 m38.6 m40.7 m63.7 m65.1 m

Inventories

90.8 m106.3 m143.9 m186 m227.7 m279.8 m309.2 m306.7 m229.7 m206.2 m

Current Assets

312.2 m727.1 m673.9 m1 b944.7 m923.3 m935.6 m836.4 m611.3 m677 m
Annual
usdFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(151.8 m)(375.2 m)(768.8 m)(820.3 m)

Depreciation and Amortization

166.7 m

Inventories

(20 m)217 m(130 m)170.6 m

Accounts Payable

50.8 m237.8 m125.5 m(149.7 m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Net Income

(34.6 m)(75.2 m)(88.5 m)(70.1 m)(146.9 m)(155.7 m)(234.3 m)(283.1 m)(533.4 m)(758.7 m)

Depreciation and Amortization

55.8 m

Inventories

106.3 m143.9 m186 m227.7 m279.8 m309.2 m36.8 m114 m137.3 m

Accounts Payable

98.9 m141.8 m206 m216.8 m278.6 m296.2 m(69.7 m)(149.8 m)(110.8 m)
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