v3.7.0.1
Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Allowance for doubtful accounts $ 1,166 $ 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 104,321,000 101,282,000
Common stock, shares outstanding 104,321,000 101,282,000
Total assets [1] $ 3,572,818 $ 2,734,592
Solar energy systems, net 2,629,366 1,992,021
Cash 206,364 203,864
Restricted cash 11,882 9,203
Accounts receivable, net 60,258 60,275
Prepaid expenses and other current assets 9,802 5,917
Other assets 34,936 29,502
Total liabilities [1] 2,510,725 1,927,893
Accounts payable 66,018 104,133
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 10,654 8,144
Accrued expenses and other liabilities 59,261 49,146
Deferred revenue 654,250 618,792
Long-term non-recourse debt 898,023 534,764
Variable Interest Entities    
Total assets 2,065,232 1,363,615
Solar energy systems, net 1,920,330 1,305,420
Cash 120,728 44,407
Restricted cash 1,680 757
Accounts receivable, net 20,771 12,965
Prepaid expenses and other current assets 242 66
Other assets 1,481 0
Total liabilities 617,011 540,464
Accounts payable 14,873 11,025
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 10,654 8,063
Accrued expenses and other liabilities 782 175
Deferred revenue 422,685 374,736
Deferred grants 109,034 115,726
Long-term non-recourse debt $ 58,983 $ 30,739
[1] The Company’s consolidated assets as of December 31, 2016 and 2015 include $2,065,232 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 December 31, 2016 and 2015 were $1,920,330 and $1,305,420, respectively; cash as of December 31, 2016 and 2015 were $120,728 and $44,407, respectively; restricted cash as of December 31, 2016 and 2015 were $1,680 and $757, respectively; accounts receivable, net as of December 31, 2016 and 2015 were $20,771 and $12,965, respectively; prepaid expenses and other current assets as of December 31, 2016 and 2015 were $242 and $66, respectively and other assets as of December 31, 2016 and 2015 were $1,481 and $0, respectively. The Company’s consolidated liabilities as of December 31, 2016 and 2015 include $617,011 and $540,464, respectively, in liabilities of VIEs whose creditors have no recourse to the Company. These liabilities include accounts payable as of December 31, 2016 and 2015 of $14,873 and $11,025, respectively; distributions payable to noncontrolling interests and redeemable noncontrolling interests as of December 31, 2016 and 2015 of $10,654 and $8,063, respectively; accrued expenses and other liabilities as of December 31, 2016 and 2015 of $782 and $175, respectively; deferred revenue as of December 31, 2016 and 2015 of $422,685 and $374,736, respectively; deferred grants as of December 31, 2016 and 2015 of $109,034 and $115,726, respectively; and long-term non-recourse debt as of December 31, 2016 and 2015 of $58,983 and $30,739, respectively.