Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.8.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]  
Schedule of revenue from external customers
Revenues from external customers (including, but not limited to homeowners) for each group of similar products and services are as follows (in thousands): 
 
 
Year Ended December 31,
 
 
2017
 
2016
 
2015
Operating leases
 
$
174,664

 
$
125,197

 
$
86,332

Incentives
 
56,769

 
43,220

 
31,672

Operating leases and incentives
 
231,433

 
168,417

 
118,004

Solar energy systems
 
113,953

 
127,727

 
50,191

Products
 
184,313

 
157,754

 
136,411

Solar energy systems and product sales
 
298,266

 
285,481

 
186,602

Total revenue
 
$
529,699

 
$
453,898

 
$
304,606

Schedule of accounts receivable, net
Accounts receivable, net consists of the following (in thousands):
 
 
December 31,
 
 
2017
 
2016
Customer receivables
 
$
68,243

 
$
50,811

Customer deposits
 
7,427

 
5,793

Other receivables
 
751

 
856

Rebates receivable
 
1,442

 
3,964

Allowance for doubtful accounts
 
(1,665
)
 
(1,166
)
Total
 
$
76,198

 
$
60,258

Schedule of deprecation of property and equipment
Property and equipment is depreciated on a straight-line basis over the following periods:
Leasehold improvements
 
Lesser of 6 years or lease term
Furniture
 
5 years
Computer hardware and software
 
3 years
Machinery and equipment
 
5 years or lease term
Automobiles
 
Lease term
Schedule of finite-lived intangible assets
Finite-lived intangible assets are initially recorded at fair value and presented net of accumulated amortization. Intangible assets are amortized on a straight-line basis over their estimated useful lives as follows:
Customer relationships
 
6-10 years
Developed technology
 
5 years
Trade names
 
5-8 years
Schedule of deferred revenue
Deferred revenue consists of the following (in thousands):
 
 
December 31,
 
 
2017
 
2016
Customer payments
 
$
436,859

 
$
400,233

Rebates and incentives
 
108,823

 
110,576

ITCs
 
85,602

 
121,004

SRECs
 
30,453

 
22,437

Total
 
$
661,737

 
$
654,250