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Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 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 September 30,

 

 

Nine Months Ended September 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Operating Lease Vehicles

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease vehicles—

   beginning of period

 

$

2,835,674

 

 

$

2,126,581

 

 

$

2,462,061

 

 

$

1,556,529

 

Net increase in operating lease vehicles

 

 

237,853

 

 

 

375,287

 

 

 

904,767

 

 

 

1,085,551

 

Depreciation expense recorded in cost

   of automotive leasing revenues

 

 

(96,995

)

 

 

(71,454

)

 

 

(269,012

)

 

 

(179,087

)

Additional depreciation expense recorded in

   cost of automotive leasing revenues as

   a result of early cancellation of resale

   value guarantee

 

 

(2,416

)

 

 

(5,509

)

 

 

(14,631

)

 

 

(11,166

)

Additional depreciation expense recorded in

   cost of automotive leasing revenues

   as a result of expiration

 

 

(32,489

)

 

 

(55,009

)

 

 

(105,378

)

 

 

(55,009

)

Increases to inventory from vehicles

   returned under our trade-in program

   and exercises of resale value guarantee

 

 

(14,700

)

 

 

(18,718

)

 

 

(50,880

)

 

 

(45,640

)

Operating lease vehicles—end of period

 

$

2,926,927

 

 

$

2,351,178

 

 

$

2,926,927

 

 

$

2,351,178

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred Revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred revenue—beginning of period

 

$

1,006,600

 

 

$

851,684

 

 

$

916,652

 

 

$

679,132

 

Net increase in deferred revenue from new

   vehicle deliveries and reclassification of

   collateralized borrowing from long-term

   to short-term

 

 

155,133

 

 

 

188,113

 

 

 

559,996

 

 

 

574,226

 

Amortization of deferred revenue and

   short-term collateralized borrowing

   recorded in automotive leasing

   revenue

 

 

(171,763

)

 

 

(125,411

)

 

 

(474,949

)

 

 

(330,093

)

Additional revenue recorded in automotive

   leasing revenue as a result of early

   cancellation of resale value guarantee

 

 

(394

)

 

 

(1,521

)

 

 

(2,746

)

 

 

(4,333

)

Recognition of deferred revenue resulting

   from return of vehicle under trade-in

   program, expiration, and exercises of

   resale value guarantee

 

 

(3,118

)

 

 

(3,456

)

 

 

(12,495

)

 

 

(9,523

)

Deferred revenue—end of period

 

$

986,458

 

 

$

909,409

 

 

$

986,458

 

 

$

909,409

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Resale Value Guarantee

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Resale value guarantee liability—beginning

   of period

 

$

2,835,849

 

 

$

2,007,347

 

 

$

2,389,927

 

 

$

1,430,573

 

Increase in resale value guarantee

 

 

240,134

 

 

 

361,434

 

 

 

922,342

 

 

 

1,013,369

 

Reclassification from long-term to

   short-term collateralized borrowing

 

 

(74,252

)

 

 

(33,129

)

 

 

(189,733

)

 

 

(79,171

)

Additional revenue recorded in automotive

   leasing revenue as a result of early

   cancellation of resale value guarantee

 

 

(1,322

)

 

 

(4,291

)

 

 

(9,570

)

 

 

(10,110

)

Release of resale value guarantee resulting

   from return of vehicle under trade-in

   program and exercises

 

 

(14,372

)

 

 

(15,516

)

 

 

(54,205

)

 

 

(38,816

)

Release of resale value guarantee resulting

   from expiration of resale value guarantee

 

 

(32,481

)

 

 

(55,722

)

 

 

(105,205

)

 

 

(55,722

)

Resale value guarantee liability—end of

   period

 

$

2,953,556

 

 

$

2,260,123

 

 

$

2,953,556

 

 

$

2,260,123

 

 
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 September 30,

 

 

Nine Months Ended September 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Stock-based awards

 

 

8,855,128

 

 

 

5,666,686

 

 

 

10,177,154

 

 

 

16,527,336

 

Convertible senior notes

 

 

1,908,572

 

 

 

—

 

 

 

2,559,810

 

 

 

1,959,492

 

Warrants

 

 

414,996

 

 

 

—

 

 

 

658,345

 

 

 

629,782

 

 
Schedule of Accrued Warranty Activity

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

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Accrued warranty—beginning of period

 

$

343,279

 

 

$

216,459

 

 

$

266,655

 

 

$

180,754

 

Warranty costs incurred

 

 

(39,481

)

 

 

(16,571

)

 

 

(87,881

)

 

 

(56,734

)

Net changes in liability for pre-existing warranties,

   including expirations and foreign exchange impact

 

 

4,768

 

 

 

(19,523

)

 

 

7,239

 

 

 

(12,889

)

Provision for warranty

 

 

60,156

 

 

 

46,454

 

 

 

182,709

 

 

 

115,688

 

Accrued warranty—end of period

 

$

368,722

 

 

$

226,819

 

 

$

368,722

 

 

$

226,819