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Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2017
Accounting Policies [Abstract]  
Schedule of Activity Related to Resale Value Guarantee Program

Activity related to our resale value guarantee and similar programs consisted of the following (in thousands):

 

  

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Operating Lease Vehicles

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease vehicles—beginning of period

 

$

2,732,399

 

 

$

1,909,310

 

 

$

2,462,061

 

 

$

1,556,529

 

Net increase in operating lease vehicles

 

 

252,553

 

 

 

291,036

 

 

 

666,914

 

 

 

705,017

 

Depreciation expense recorded in cost

   of automotive leasing revenues

 

 

(93,161

)

 

 

(57,568

)

 

 

(172,017

)

 

 

(102,386

)

Additional depreciation expense recorded in cost

   of automotive leasing revenues as a result of

   early cancellation of resale value guarantee

 

 

(3,792

)

 

 

(2,571

)

 

 

(12,215

)

 

 

(5,657

)

Additional depreciation expense recorded in cost

   of automotive leasing revenues result of

   expiration

 

 

(31,467

)

 

 

—

 

 

 

(72,899

)

 

 

—

 

Increases to inventory from vehicles returned

   under our trade-in program and exercises of

   resale value guarantee

 

 

(20,868

)

 

 

(13,626

)

 

 

(36,180

)

 

 

(26,922

)

Operating lease vehicles—end of period

 

$

2,835,664

 

 

$

2,126,581

 

 

$

2,835,664

 

 

$

2,126,581

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred Revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred revenue—beginning of period

 

$

1,010,502

 

 

$

800,968

 

 

$

916,652

 

 

$

679,132

 

Net increase in deferred revenue from new vehicle

   deliveries and reclassification of collateralized

   borrowing from long-term to short-term

 

 

166,176

 

 

 

165,875

 

 

 

404,863

 

 

 

391,639

 

Amortization of deferred revenue and short-term

   collateralized borrowing recorded in automotive

   leasing revenue

 

 

(165,518

)

 

 

(108,852

)

 

 

(303,186

)

 

 

(206,600

)

Additional revenue recorded in automotive leasing

   revenue as a result of early cancellation of resale

   value guarantee

 

 

(615

)

 

 

(3,424

)

 

 

(2,352

)

 

 

(6,420

)

Recognition of deferred revenue resulting from

   return of vehicle under trade-in program,

   expiration, and exercises of resale value

   guarantee

 

 

(3,945

)

 

 

(2,883

)

 

 

(9,377

)

 

 

(6,067

)

Deferred revenue—end of period

 

$

1,006,600

 

 

$

851,684

 

 

$

1,006,600

 

 

$

851,684

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Resale Value Guarantee

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Resale value guarantee liability—beginning of

   period

 

$

2,692,593

 

 

$

1,775,498

 

 

$

2,389,927

 

 

$

1,430,573

 

Increase in resale value guarantee

 

 

143,598

 

 

 

270,436

 

 

 

562,319

 

 

 

651,935

 

Reclassification from long-term to short-term

   collateralized borrowing

 

 

(67,097

)

 

 

(23,216

)

 

 

(115,481

)

 

 

(46,042

)

Additional revenue recorded in automotive

   leasing revenue as a result of early cancellation

   of resale value guarantee

 

 

(2,106

)

 

 

(3,318

)

 

 

(8,248

)

 

 

(5,819

)

Release of resale value guarantee resulting from

   return of vehicle under trade-in program and

   exercises

 

 

(19,634

)

 

 

(12,053

)

 

 

(39,833

)

 

 

(23,300

)

Release of resale value guarantee resulting from

   expiration of resale value guarantee

 

 

(31,394

)

 

 

—

 

 

 

(72,724

)

 

 

—

 

Resale value guarantee liability—end of period

 

$

2,715,960

 

 

$

2,007,347

 

 

$

2,715,960

 

 

$

2,007,347

 

 
Schedule of Potentially Dilutive Shares that were Excluded from Computation of Diluted Net Income (Loss) per Share of Common Stock

The following table presents the potentially dilutive shares that were excluded from the computation of diluted net income (loss) per share of common stock attributable to common stockholders, because their effect was anti-dilutive:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Stock-based awards

 

 

9,038,397

 

 

 

11,345,742

 

 

 

10,434,764

 

 

 

13,538,610

 

Convertible senior notes

 

 

2,792,247

 

 

 

2,345,823

 

 

 

2,972,278

 

 

 

2,150,258

 

Warrants

 

 

801,673

 

 

 

998,101

 

 

 

736,567

 

 

 

702,123

 

 
Schedule of Accrued Warranty Activity

Accrued warranty activity consisted of the following (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Accrued warranty—beginning of period

 

$

306,951

 

 

$

198,705

 

 

$

266,655

 

 

$

180,754

 

Warranty costs incurred

 

 

(25,384

)

 

 

(24,459

)

 

 

(48,400

)

 

 

(40,163

)

Net changes in liability for pre-existing warranties,

   including expirations and foreign exchange impact

 

 

8,915

 

 

 

3,250

 

 

 

2,653

 

 

 

6,634

 

Provision for warranty

 

 

52,797

 

 

 

38,963

 

 

 

122,371

 

 

 

69,234

 

Accrued warranty—end of period

 

$

343,279

 

 

$

216,459

 

 

$

343,279

 

 

$

216,459