Convertible and Long-term Debt Obligations (Tables)

12 Months Ended

Dec. 31, 2016

The following is a summary of our debt as of December 31, 2016 (in thousands):

	Unpaid						Unused
	Principal		Net Carrying Value				Committed
	Balance		Current		Long-Term		Amount		Interest Rate			Maturity Dates
Recourse debt:
1.5% Convertible Senior Notes due in 2018	$	205,013	$	196,229		—		—		1.5	%	June 2018
0.25% Convertible Senior Notes due in 2019		920,000		—		827,620		—		0.25	%	March 2019
1.25% Convertible Senior Notes due in 2021		1,380,000		—		1,132,029		—		1.25	%	March 2021
Credit Agreement		969,000		—		969,000		181,000	1% plus LIBOR			June 2020
Secured Revolving Credit Facility		364,000		366,247		—		24,305	4.0%-6.0%			January 2017 - December 2017
Vehicle and Other Loans		23,771		17,235		6,536		—	2.9%-7.6%			March 2017 - June 2019
2.75% Convertible Senior Notes due in 2018		230,000		—		212,223		—	2.8%			November 2018
1.625% Convertible Senior Notes due in 2019		566,000		—		483,820		—	1.6%			November 2019
Zero-coupon Convertible Senior Notes due in 2020		113,000		—		89,418		—	0.0%			December 2020
Solar Bonds		332,060		181,582		148,948	*		1.1%-6.5%			January 2017 - January 2031
Total recourse debt		5,102,844		761,293		3,869,594		205,305
Non-recourse debt:
Warehouse Agreement		390,000		73,708		316,292		210,000	Various			September 2018
Canada Credit Facility		67,342		18,489		48,853		—	3.6%- 4.5%			December 2020
Term Loan due in December 2017		75,467		75,715		—		52,173	4.2%			December 2017
Term Loan due in January 2021		183,388		5,860		176,169		—	4.5%			January 2021
MyPower Revolving Credit Facility		133,762		133,827		—		56,238	4.1%-6.6%			January 2017
Revolving Aggregation Credit Facility		424,757		—		427,944		335,243	4.0%-4.8%			December 2018
Solar Renewable Energy Credit Term Loan		38,124		12,491		26,262		—	6.6%-9.9%			April 2017 - July 2021
Cash Equity Debt I		119,753		3,272		115,464		—	5.7%			July 2033
Cash Equity Debt II		206,901		5,376		189,424		—	5.3%			July 2034
Cash Equity Debt III		170,000		4,994		161,853			5.8%			January 2035
Solar Asset-backed Notes, Series 2013-1		41,899		3,329		38,346		—	4.8%			November 2038
Solar Asset-backed Notes, Series 2014-1		60,768		3,016		57,417		—	4.6%			April 2044
Solar Asset-backed Notes, Series 2014-2		186,851		7,055		173,625		—	4.0%-Class A 5.4%-Class B			July 2044
Solar Asset-backed Notes, Series 2015-1		119,199		1,511		110,238		—	4.2%-Class A 5.6%-Class B			August 2045
Solar Asset-backed Notes, Series 2016-1		50,119		1,202		47,025		—	5.3%-Class A 7.5%-Class B			September 2046
Solar Loan-backed Notes, Series 2016-A		140,586		3,514		133,510		—	4.8%-Class A 6.9%-Class B			September 2048
Total non-recourse debt		2,408,916		353,359		2,022,422		653,654
Total debt	$	7,511,760	$	1,114,652	$	5,892,016	$	858,959

*	Out of the $350.0 million authorized to be issued, $17.9 million remained available to be issued. See below and Note 21, Related Party Transactions, for Solar Bonds issued to related parties.

Schedule of Aggregate Amount of Interest Expense Recognized

The following table presents the aggregate amount of interest expense recognized relating to the contractual interest coupon and amortization of the debt issuance costs and debt discount on convertible notes with cash conversion features, which includes the 2018 Notes, the 2019 Notes, and the 2021 Notes (in thousands):

	2016		2015		2014
Contractual interest coupon	$	27,060	$	32,061	$	26,019
Amortization of debt issuance costs		8,567		8,102		5,288
Amortization of debt discount		99,811		97,786		79,479
Total	$	135,438	$	137,949	$	110,786