Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets (Parenthetical)

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Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Allowance for doubtful accounts $ 1,665 $ 1,166
Preferred stock, par value $ 0.0001 $ 0.0001
Preferred stock, shares authorized 200,000,000 200,000,000
Preferred stock, shares issued 0 0
Preferred stock, shares outstanding 0 0
Common stock, par value $ 0.0001 $ 0.0001
Common stock, shares authorized 2,000,000,000 2,000,000,000
Common stock, shares issued 107,350,000 104,321,000
Common stock, shares outstanding 107,350,000 104,321,000
Total assets $ 3,927,874 $ 3,572,818
Solar energy systems, net 3,319,708 2,629,366
Cash 202,525 206,364
Restricted cash 39,265 11,882
Accounts receivable, net 76,198 60,258
Prepaid expenses and other current assets 9,202 9,802
Other assets 37,225 34,936
Total liabilities [1] 2,638,063 2,510,725
Accounts payable 115,193 66,018
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 13,583 10,654
Deferred revenue 661,737 654,250
Variable Interest Entities    
Total assets 2,541,176 2,065,232
Solar energy systems, net 2,385,329 1,920,330
Cash 118,352 120,728
Restricted cash 2,699 1,680
Accounts receivable, net 30,200 20,771
Prepaid expenses and other current assets 917 242
Other assets 3,679 1,481
Total liabilities 674,564 617,011
Accounts payable 15,929 14,873
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 13,526 10,654
Accrued expenses and other liabilities 4,896 782
Deferred revenue 408,523 422,685
Deferred grants 30,406 109,034
Non-recourse debt $ 201,284 $ 58,983
[1] The Company’s consolidated assets as of December 31, 2017 and 2016 include $2,541,176 and $2,065,232, respectively, in assets of variable interest entities, or “VIEs”, that can only be used to settle obligations of the VIEs. Solar energy systems, net, as of December 31, 2017 and 2016 were $2,385,329 and $1,920,330, respectively; cash as of December 31, 2017 and 2016 were $118,352 and $120,728, respectively; restricted cash as of December 31, 2017 and 2016 were $2,699 and $1,680, respectively; accounts receivable, net as of December 31, 2017 and 2016 were $30,200 and $20,771, respectively; prepaid expenses and other current assets as of December 31, 2017 and 2016 were $917 and $242, respectively and other assets as of December 31, 2017 and 2016 were $3,679 and $1,481, respectively. The Company’s consolidated liabilities as of December 31, 2017 and 2016 include $674,564 and $617,011, respectively, in liabilities of VIEs whose creditors have no recourse to the Company. These liabilities include accounts payable as of December 31, 2017 and 2016 of $15,929 and $14,873, respectively; distributions payable to noncontrolling interests and redeemable noncontrolling interests as of December 31, 2017 and 2016 of $13,526 and $10,654, respectively; accrued expenses and other liabilities as of December 31, 2017 and 2016 of $4,896 and $782, respectively; deferred revenue as of December 31, 2017 and 2016 of $408,523 and $422,685, respectively; deferred grants as of December 31, 2017 and 2016 of $30,406 and $109,034, respectively; and non-recourse debt as of December 31, 2017 and 2016 of $201,284 and $58,983, respectively.