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, 2022
Dec. 31, 2021
Allowance for doubtful accounts $ 12,026 $ 11,035
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) 211,943,000 208,176,000
Common stock, shares outstanding (in shares) 211,943,000 208,176,000
Total assets [1] $ 17,800,602 $ 16,483,252
Solar energy systems, net 10,178,767 9,459,696
Cash 522,460 617,634
Restricted cash 340,520 232,649
Accounts receivable, net 216,824 146,037
Inventories 547,419 506,819
Prepaid expenses and other current assets 83,150 44,580
Other assets 1,559,208 1,125,743
Total liabilities [1] 9,987,961 8,910,665
Accounts payable 259,201 288,108
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 36,461 31,582
Accrued expenses and other liabilities 347,696 364,136
Deferred revenue 941,111 873,611
Total debt, net 7,602,944 6,502,890
Other liabilities 145,769 190,056
Variable Interest Entities    
Total assets 9,012,626 8,381,220
Solar energy systems, net 8,207,342 7,605,769
Cash 317,047 377,044
Restricted cash 82,697 70,346
Accounts receivable, net 83,747 55,714
Inventories 89,096 93,604
Prepaid expenses and other current assets 4,387 1,519
Other assets 228,310 177,224
Total liabilities 2,110,699 2,152,492
Accounts payable 22,375 26,042
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 36,462 31,582
Accrued expenses and other liabilities 28,715 31,036
Deferred revenue 556,363 530,385
Deferred grants 0 25,634
Total debt, net 1,452,907 1,482,608
Other liabilities $ 13,877 $ 25,205
[1] The Company’s consolidated assets as of June 30, 2022 and December 31, 2021 include $9,012,626 and $8,381,220, 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, 2022 and December 31, 2021 of $8,207,342 and $7,605,769, respectively; cash as of June 30, 2022 and December 31, 2021 of $317,047 and $377,044, respectively; restricted cash as of June 30, 2022 and December 31, 2021 of $82,697 and $70,346, respectively; accounts receivable, net as of June 30, 2022 and December 31, 2021 of $83,747 and $55,714, respectively; inventories as of June 30, 2022 and December 31, 2021 of $89,096 and 93,604, respectively; prepaid expenses and other current assets as of June 30, 2022 and December 31, 2021 of $4,387 and $1,519, respectively; and other assets as of June 30, 2022 and December 31, 2021 of $228,310 and $177,224, respectively. The Company’s consolidated liabilities as of June 30, 2022 and December 31, 2021 include $2,110,699 and $2,152,492, respectively, in liabilities of VIEs whose creditors have no recourse to the Company. These liabilities include accounts payable as of June 30, 2022 and December 31, 2021 of $22,375 and $26,042, respectively; distributions payable to noncontrolling interests and redeemable noncontrolling interests as of June 30, 2022 and December 31, 2021 of $36,462 and $31,582, respectively; accrued expenses and other current liabilities as of June 30, 2022 and December 31, 2021 of $28,715 and $31,036, respectively; deferred revenue as of June 30, 2022 and December 31, 2021 of $556,363 and $530,385, respectively; deferred grants as of June 30, 2022 and December 31, 2021 of $0 and $25,634, respectively; non-recourse debt as of June 30, 2022 and December 31, 2021 of $1,452,907 and $1,482,608, respectively; and other liabilities as of June 30, 2022 and December 31, 2021 of $13,877 and $25,205, respectively.