Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Parenthetical)

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Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Allowance for doubtful accounts $ 3,128 $ 3,151
Preferred stock, par value (in dollars per share) $ 0.0001 $ 0.0001
Preferred stock, shares authorized (in shares) 200,000,000 200,000,000
Preferred stock, shares issued (in shares) 0 0
Preferred stock, shares outstanding (in shares) 0 0
Common stock, par value (in dollars per share) $ 0.0001 $ 0.0001
Common stock, shares authorized (in shares) 2,000,000,000 2,000,000,000
Common stock, shares issued (in shares) 120,123,000 118,451,000
Common stock, shares outstanding (in shares) 120,123,000 118,451,000
Total assets [1] $ 5,938,507 $ 5,806,341
Solar energy systems, net 4,644,044 4,492,615
Cash 286,418 269,577
Restricted cash 79,682 93,504
Accounts receivable, net 65,509 77,728
Inventories 257,614 260,571
Prepaid expenses and other current assets 10,813 25,984
Other assets 420,350 408,403
Total liabilities [1] 4,324,150 4,168,344
Accounts payable 159,791 223,356
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 17,766 16,062
Accrued expenses and other liabilities 118,869 148,497
Deferred revenue 738,728 729,499
Non-recourse debt 2,438,308 2,254,940
Other liabilities 229,052 141,401
Variable Interest Entities    
Total assets 3,833,562 3,521,202
Solar energy systems, net 3,415,118 3,259,712
Cash 178,982 133,362
Restricted cash 7,370 2,746
Accounts receivable, net 25,927 21,956
Inventories 110,594 15,721
Prepaid expenses and other current assets 1,497 554
Other assets 94,074 87,151
Total liabilities 897,807 774,564
Accounts payable 13,758 11,531
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 17,716 16,012
Accrued expenses and other liabilities 9,977 10,740
Deferred revenue 498,065 482,138
Deferred grants 27,776 28,034
Non-recourse debt 291,798 206,476
Other liabilities $ 38,717 $ 19,633
[1] The Company’s consolidated assets as of March 31, 2020 and December 31, 2019 include $3,833,562 and $3,521,202, respectively, in assets of variable interest entities (“VIEs”) that can only be used to settle obligations of the VIEs. These assets include solar energy systems, net, as of March 31, 2020 and December 31, 2019 of $3,415,118 and $3,259,712, respectively; cash as of March 31, 2020 and December 31, 2019 of $178,982 and $133,362, respectively; restricted cash as of March 31, 2020 and December 31, 2019 of $7,370 and $2,746, respectively; accounts receivable, net as of March 31, 2020 and December 31, 2019 of $25,927 and $21,956, respectively; inventories as of March 31, 2020 and December 31, 2019 of $110,594 and 15,721, respectively; prepaid expenses and other current assets as of March 31, 2020 and December 31, 2019 of $1,497 and $554, respectively; and other assets as of March 31, 2020 and December 31, 2019 of $94,074 and $87,151, respectively. The Company’s consolidated liabilities as of March 31, 2020 and December 31, 2019 include $897,807 and $774,564, respectively, in liabilities of VIEs whose creditors have no recourse to the Company. These liabilities include accounts payable as of March 31, 2020 and December 31, 2019 of $13,758 and $11,531, respectively; distributions payable to noncontrolling interests and redeemable noncontrolling interests as of March 31, 2020 and December 31, 2019 of $17,716 and $16,012, respectively; accrued expenses and other current liabilities as of March 31, 2020 and December 31, 2019 of $9,977 and $10,740, respectively; deferred revenue as of March 31, 2020 and December 31, 2019 of $498,065 and $482,138, respectively; deferred grants as of March 31, 2020 and December 31, 2019 of $27,776 and $28,034, respectively; non-recourse debt as of March 31, 2020 and December 31, 2019 of $291,798 and $206,476, respectively; and other liabilities as of March 31, 2020 and December 31, 2019 of $38,717 and $19,633, respectively.