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, 2021
Dec. 31, 2020
Allowance for doubtful accounts $ 7,248 $ 4,861
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 usd 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) 205,374,000 201,406,000
Common stock, shares outstanding (in shares) 205,374,000 201,406,000
Total assets [1] $ 15,428,836 $ 14,382,943
Solar energy systems, net 8,767,069 8,202,788
Cash 679,588 519,965
Restricted cash 177,867 188,095
Accounts receivable, net 162,969 95,141
Inventories 341,423 283,045
Prepaid expenses and other current assets 34,805 51,483
Other assets 910,369 681,665
Total liabilities [1] 7,936,730 7,093,572
Accounts payable 277,775 207,441
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 33,421 28,627
Accrued expenses and other liabilities 312,746 325,614
Deferred revenue 836,193 799,276
Other liabilities 230,263 268,684
Variable Interest Entities    
Total assets 7,965,715 7,190,866
Solar energy systems, net 7,321,816 6,748,127
Cash 340,214 219,502
Restricted cash 53,121 34,559
Accounts receivable, net 61,971 35,152
Inventories 31,207 23,306
Prepaid expenses and other current assets 1,333 2,629
Other assets 156,053 127,591
Total liabilities 2,139,358 1,857,967
Accounts payable 33,151 15,609
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 33,371 28,577
Accrued expenses and other liabilities 29,013 24,660
Deferred revenue 578,560 538,067
Deferred grants 26,268 26,898
Total debt, net 1,409,946 1,192,411
Other liabilities $ 29,049 $ 31,745
[1] The Company’s consolidated assets as of June 30, 2021 and December 31, 2020 include $7,965,715 and $7,190,866, 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, 2021 and December 31, 2020 of $7,321,816 and $6,748,127, respectively; cash as of June 30, 2021 and December 31, 2020 of $340,214 and $219,502, respectively; restricted cash as of June 30, 2021 and December 31, 2020 of $53,121 and $34,559, respectively; accounts receivable, net as of June 30, 2021 and December 31, 2020 of $61,971 and $35,152, respectively; inventories as of June 30, 2021 and December 31, 2020 of $31,207 and 23,306, respectively; prepaid expenses and other current assets as of June 30, 2021 and December 31, 2020 of $1,333 and $2,629, respectively; and other assets as of June 30, 2021 and December 31, 2020 of $156,053 and $127,591, respectively. The Company’s consolidated liabilities as of June 30, 2021 and December 31, 2020 include $2,139,358 and $1,857,967, respectively, in liabilities of VIEs whose creditors have no recourse to the Company. These liabilities include accounts payable as of June 30, 2021 and December 31, 2020 of $33,151 and $15,609, respectively; distributions payable to noncontrolling interests and redeemable noncontrolling interests as of June 30, 2021 and December 31, 2020 of $33,371 and $28,577, respectively; accrued expenses and other current liabilities as of June 30, 2021 and December 31, 2020 of $29,013 and $24,660, respectively; deferred revenue as of June 30, 2021 and December 31, 2020 of $578,560 and $538,067, respectively; deferred grants as of June 30, 2021 and December 31, 2020 of $26,268 and $26,898, respectively; non-recourse debt as of June 30, 2021 and December 31, 2020 of $1,409,946 and $1,192,411, respectively; and other liabilities as of June 30, 2021 and December 31, 2020 of $29,049 and $31,745, respectively.