Other Long-Term Liabilities

3 Months Ended

Mar. 31, 2018

Note 8 – Other Long-Term Liabilities

Other long-term liabilities consisted of the following (in thousands):

	March 31, 2018		December 31, 2017
Accrued warranty reserve, net of current portion	$	324,871	$	276,289
Build-to-suit lease liability, net of current portion		1,663,972		1,665,768
Deferred rent expense		52,222		46,820
Financing obligation, net of current portion		57,312		67,929
Liability for receipts from an investor		—		29,713
Sales return reserve		86,359		—
Other noncurrent liabilities		377,150		356,451
Total long-term liabilities	$	2,561,886	$	2,442,970

The liability for receipts from an investor represents the amounts received from the investor under a lease pass-through fund arrangement for the monetization of ITCs for solar energy systems not yet placed in service. Due to the adoption of the new revenue standard, automotive sales with resale value guarantees that are now accounted for as sales with a right of return require a corresponding sales return reserve which is included in other long-term liabilities on the consolidated balance sheets.