Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.20.1
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2020
Accounting Policies [Abstract]  
Schedule of revenue from external customers
Revenue from external customers for each group of similar products and services is as follows (in thousands):
Three Months Ended March 31,
2020 2019
Customer agreements $ 94,253    $ 78,528   
Incentives 4,871    21,322   
Customer agreements and incentives 99,124    99,850   
Solar energy systems 71,277    58,436   
Products 40,330    36,218   
Solar energy systems and product sales 111,607    94,654   
Total revenue $ 210,731    $ 194,504   
Cash and restricted cash Cash and restricted cash consists of the following (in thousands):
Three Months Ended March 31,
    2020 2019
Beginning of period:
   Cash $ 269,577    $ 226,625   
   Restricted cash, current and long-term 93,652    77,774   
Total $ 363,229    $ 304,399   
End of period:
   Cash $ 286,418    $ 245,604   
   Restricted cash, current and long-term 79,830    64,330   
Total $ 366,248    $ 309,934   
Cash and restricted cash Cash and restricted cash consists of the following (in thousands):
Three Months Ended March 31,
    2020 2019
Beginning of period:
   Cash $ 269,577    $ 226,625   
   Restricted cash, current and long-term 93,652    77,774   
Total $ 363,229    $ 304,399   
End of period:
   Cash $ 286,418    $ 245,604   
   Restricted cash, current and long-term 79,830    64,330   
Total $ 366,248    $ 309,934   
Accounts receivable, net Accounts receivable, net, consists of the following (in thousands):
    March 31, 2020   December 31, 2019
Customer receivables $ 65,537    $ 79,899   
Other receivables 61    23   
Rebates receivable 3,039    957   
Allowance for doubtful accounts (3,128)   (3,151)  
Total $ 65,509    $ 77,728   
Deferred revenue
The opening balance of deferred revenue was $591.6 million as of December 31, 2018. Deferred revenue consists of the following (in thousands):
  March 31, 2020 December 31, 2019
Under Customer Agreements:
Payments received $ 560,007    $ 558,630   
Financing component balance 46,634    44,874   
606,641    603,504   
Under SREC contracts:
Payments received 127,672    122,680   
Financing component balance 4,415    3,315   
132,087    125,995   
Total $ 738,728    $ 729,499