Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Parenthetical)

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Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Allowance for doubtful accounts $ 2,337 $ 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
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) 122,307,000 118,451,000
Common stock, shares outstanding (in shares) 122,307,000 118,451,000
Total assets [1] $ 6,005,042 $ 5,806,341
Cash 269,569 269,577
Restricted cash 84,515 93,504
Accounts receivable, net 60,000 77,728
Inventories 210,507 260,571
Prepaid expenses and other current assets 13,649 25,984
Other assets 432,404 408,403
Total liabilities [1] 4,312,855 4,168,344
Accounts payable 99,895 223,356
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 17,751 16,062
Accrued expenses and other liabilities 187,891 148,497
Deferred revenue 742,547 729,499
Non-recourse debt 2,423,541 2,254,940
Other liabilities 227,984 141,401
Variable Interest Entities    
Total assets 3,948,923 3,521,202
Solar energy systems, net 3,557,831 3,259,712
Cash 155,239 133,362
Restricted cash 12,411 2,746
Accounts receivable, net 25,530 21,956
Inventories 94,175 15,721
Prepaid expenses and other current assets 1,480 554
Other assets 102,257 87,151
Total liabilities 894,449 774,564
Accounts payable 14,306 11,531
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 17,701 16,012
Accrued expenses and other liabilities 14,095 10,740
Deferred revenue 506,486 482,138
Deferred grants 27,516 28,034
Non-recourse debt 277,416 206,476
Other liabilities $ 36,929 $ 19,633
[1] The Company’s consolidated assets as of June 30, 2020 and December 31, 2019 include $3,948,923 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 June 30, 2020 and December 31, 2019 of $3,557,831 and $3,259,712, respectively; cash as of June 30, 2020 and December 31, 2019 of $155,239 and $133,362, respectively; restricted cash as of June 30, 2020 and December 31, 2019 of $12,411 and $2,746, respectively; accounts receivable, net as of June 30, 2020 and December 31, 2019 of $25,530 and $21,956, respectively; inventories as of June 30, 2020 and December 31, 2019 of $94,175 and 15,721, respectively; prepaid expenses and other current assets as of June 30, 2020 and December 31, 2019 of $1,480 and $554, respectively; and other assets as of June 30, 2020 and December 31, 2019 of $102,257 and $87,151, respectively. The Company’s consolidated liabilities as of June 30, 2020 and December 31, 2019 include $894,449 and $774,564, respectively, in liabilities of VIEs whose creditors have no recourse to the Company. These liabilities include accounts payable as of June 30, 2020 and December 31, 2019 of $14,306 and $11,531, respectively; distributions payable to noncontrolling interests and redeemable noncontrolling interests as of June 30, 2020 and December 31, 2019 of $17,701 and $16,012, respectively; accrued expenses and other current liabilities as of June 30, 2020 and December 31, 2019 of $14,095 and $10,740, respectively; deferred revenue as of June 30, 2020 and December 31, 2019 of $506,486 and $482,138, respectively; deferred grants as of June 30, 2020 and December 31, 2019 of $27,516 and $28,034, respectively; non-recourse debt as of June 30, 2020 and December 31, 2019 of $277,416 and $206,476, respectively; and other liabilities as of June 30, 2020 and December 31, 2019 of $36,929 and $19,633, respectively.