v3.10.0.1
Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($)
shares in Thousands, $ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Allowance for doubtful accounts $ 2,187 $ 1,665
Preferred stock, par value (in dollars per share) $ 0.0001 $ 0.0001
Preferred stock, shares authorized 200,000 200,000
Preferred stock, shares issued 0 0
Preferred stock, shares outstanding 0 0
Common stock, par value (in dollars per share) $ 0.0001 $ 0.0001
Common stock, shares authorized 2,000,000 2,000,000
Common stock, shares issued 110,487 107,350
Common stock, shares outstanding 110,487 107,350
Total assets [1] $ 4,299,368 $ 3,963,136
Solar energy systems, net 3,437,822 3,161,570
Cash 215,706 202,525
Restricted cash 54,549 39,265
Accounts receivable, net 123,334 112,069
Prepaid expenses and other current assets 9,114 9,202
Other assets 244,841 194,754
Total liabilities [1] 2,924,118 2,598,819
Accounts payable 85,104 115,193
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 15,063 13,583
Accrued expenses and other liabilities 98,294 97,230
Deferred revenue 580,042 564,852
Non-recourse debt 1,497,609 1,294,945
Variable Interest Entities    
Total assets 2,798,533 2,568,378
Solar energy systems, net 2,627,741 2,385,329
Cash 90,445 118,352
Restricted cash 1,044 2,699
Accounts receivable, net 70,108 57,402
Prepaid expenses and other current assets 465 917
Other assets 8,730 3,679
Total liabilities 694,019 677,955
Accounts payable 17,104 15,929
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 15,013 13,526
Accrued expenses and other liabilities 6,260 5,200
Deferred revenue 420,240 409,761
Deferred grants 29,764 30,406
Non-recourse debt $ 196,184 $ 201,285
[1] The Company’s consolidated assets as of June 30, 2018 and December 31, 2017 include $2,798,533 and $2,568,378, respectively, in assets of variable interest entities, or “VIEs”, that can only be used to settle obligations of the VIEs. These assets include solar energy systems, net, as of June 30, 2018 and December 31, 2017 of $2,627,741 and $2,385,329, respectively; cash as of June 30, 2018 and December 31, 2017 of $90,445 and $118,352, respectively; restricted cash as of June 30, 2018 and December 31, 2017 of $1,044 and $2,699, respectively; accounts receivable, net as of June 30, 2018 and December 31, 2017 of $70,108 and $57,402, respectively; prepaid expenses and other current assets as of June 30, 2018 and December 31, 2017 of $465 and $917, respectively and other assets as of June 30, 2018 and December 31, 2017 of $8,730 and $3,679, respectively. The Company’s consolidated liabilities as of June 30, 2018 and December 31, 2017 include $694,019 and $677,955, respectively, in liabilities of VIEs whose creditors have no recourse to the Company. These liabilities include accounts payable as of June 30, 2018 and December 31, 2017 of $17,104 and $15,929, respectively; distributions payable to noncontrolling interests and redeemable noncontrolling interests as of June 30, 2018 and December 31, 2017 of $15,013 and $13,526, respectively; accrued expenses and other liabilities as of June 30, 2018 and December 31, 2017 of $6,260 and $5,200, respectively; deferred revenue as of June 30, 2018 and December 31, 2017 of $420,240 and $409,761, respectively; deferred grants as of June 30, 2018 and December 31, 2017 of $29,764 and $30,406, respectively; and non-recourse debt as of June 30, 2018 and December 31, 2017 of $196,184 and $201,285, respectively.