v3.5.0.2
Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Allowance for doubtful accounts $ 977 $ 1,641
Preferred stock, par value $ 0.0001 $ 0.0001
Preferred stock, shares authorized 200,000,000 200,000,000
Preferred stock, shares issued 0 0
Preferred stock, shares outstanding 0 0
Common stock, par value $ 0.0001 $ 0.0001
Common stock, shares authorized 2,000,000,000 2,000,000,000
Common stock, shares issued 102,826,000 101,282,000
Common stock, shares outstanding 102,826,000 101,282,000
Total assets [1] $ 3,136,844 $ 2,734,592
Solar energy systems, net 2,282,729 1,992,021
Cash 207,220 203,864
Restricted cash 10,037 9,203
Accounts receivable, net 56,572 60,275
Prepaid expenses and other current assets 12,380 5,917
Total liabilities [1] 2,244,670 1,927,893
Accounts payable 93,681 104,133
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 8,515 8,144
Accrued expenses and other liabilities 52,015 49,146
Long-term non-recourse debt 754,686 534,764
Variable Interest Entities    
Total assets 1,651,594 1,363,615
Solar energy systems, net 1,579,222 1,305,420
Cash 53,415 44,407
Restricted cash 283 757
Accounts receivable, net 18,627 12,965
Prepaid expenses and other current assets 47 66
Total liabilities 559,311 540,464
Accounts payable 11,045 11,025
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 8,465 8,063
Accrued expenses and other liabilities 86 175
Deferred revenue 398,083 374,736
Deferred grants 112,035 115,726
Long-term non-recourse debt $ 29,597 $ 30,739
[1] The Company’s consolidated assets as of June 30, 2016 and December 31, 2015 include $1,651,594 and $1,363,615, respectively, in assets of variable interest entities, or VIEs, that can only be used to settle obligations of the VIEs. Solar energy systems, net, as of June 30, 2016 and December 31, 2015 were $1,579,222 and $1,305,420, respectively; cash as of June 30, 2016 and December 31, 2015 were $53,415 and $44,407, respectively; restricted cash as of June 30, 2016 and December 31, 2015 were $283 and $757, respectively; accounts receivable, net as of June 30, 2016 and December 31, 2015 were $18,627 and $12,965, respectively; and prepaid expenses and other current assets as of June 30, 2016 and December 31, 2015 were $47 and $66, respectively. The Company’s consolidated liabilities as of June 30, 2016 and December 31, 2015 include $559,311 and $540,464, respectively, in liabilities of VIEs whose creditors have no recourse to the Company. These liabilities include accounts payable as of June 30, 2016 and December 31, 2015 of $11,045 and $11,025, respectively; distributions payable to noncontrolling interests and redeemable noncontrolling interests as of June 30, 2016 and December 31, 2015 of $8,465 and $8,063, respectively; accrued expenses and other liabilities as of June 30, 2016 and December 31, 2015 of $86 and $175, respectively; deferred revenue as of June 30, 2016 and December 31, 2015 of $398,083 and $374,736, respectively; deferred grants as of June 30, 2016 and December 31, 2015 of $112,035 and $115,726, respectively; and long-term non-recourse debt as of June 30, 2016 and December 31, 2015 of $29,597 and $30,739, respectively.