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Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2019

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

Our assets and liabilities that were measured at fair value on a recurring basis were as follows (in thousands):

		June 30, 2019																December 31, 2018
		Fair Value				Level I				Level II				Level III				Fair Value				Level I				Level II				Level III
Money market funds (cash and    cash equivalents & restricted cash)		$	1,723,321			$	1,723,321			$	—			$	—			$	1,812,828			$	1,812,828			$	—			$	—
Interest rate swap (liability) asset, net			(26,839	)			—				(26,839	)			—				11,070				—				11,070				—
Total		$	1,696,482			$	1,723,321			$	(26,839	)		$	—			$	1,823,898			$	1,812,828			$	11,070			$	—

Schedule of Interest Rate Swaps Outstanding

Our interest rate swaps outstanding were as follows (in thousands):

		June 30, 2019												December 31, 2018
		Aggregate Notional Amount				Gross Asset at Fair Value				Gross Liability at Fair Value				Aggregate Notional Amount				Gross Asset at Fair Value				Gross Liability at Fair Value
Interest rate swaps		$	862,853			$	1,517			$	28,356			$	800,293			$	12,159			$	1,089

Our interest rate swaps activity was as follows (in thousands):

		Three Months Ended June 30,								Six Months Ended June 30,
		2019				2018				2019				2018
Gross gains		$	—			$	2,747			$	155			$	12,410
Gross losses		$	18,521			$	1,170			$	37,964			$	1,205

Schedule of Estimated Fair Values and Carrying Values

The following table presents the estimated fair values and the carrying values (in thousands):

		June 30, 2019								December 31, 2018
		Carrying Value				Fair Value				Carrying Value				Fair Value
Convertible senior notes		$	4,150,996			$	4,727,156			$	3,660,316			$	4,346,642
Senior notes		$	1,780,345			$	1,584,000			$	1,778,756			$	1,575,000
Participation interest		$	19,802			$	19,285			$	18,946			$	18,431
Solar asset-backed notes		$	1,169,430			$	1,214,611			$	1,183,675			$	1,206,755
Solar loan-backed notes		$	189,956			$	202,891			$	203,052			$	211,788
Automotive asset-backed notes		$	945,614			$	952,042			$	1,172,160			$	1,179,910

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- Definition

Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements.

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258

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- Definition

Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959

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