Variable Interest Entity Arrangements (Tables)

9 Months Ended

Sep. 30, 2018

Carrying Values of Assets and Liabilities of Subsidiary in Consolidated Balance Sheets

The aggregate carrying values of the VIEs’ assets and liabilities, after elimination of any intercompany transactions and balances, in the consolidated balance sheets were as follows (in thousands):

	September 30, 2018		December 31, 2017
Assets
Current assets
Cash and cash equivalents	$	73,117	$	55,425
Restricted cash		76,569		33,656
Accounts receivable, net		25,932		18,204
Prepaid expenses and other current assets		9,306		9,018
Total current assets		184,924		116,303
Operating lease vehicles, net		802,083		337,089
Solar energy systems, leased and to be leased, net		5,091,612		5,075,321
Restricted cash, net of current portion		54,656		36,999
Other assets		56,794		29,555
Total assets	$	6,190,069	$	5,595,267
Liabilities
Current liabilities
Accounts payable	$	32	$	32
Accrued liabilities and other		111,360		51,652
Deferred revenue		21,537		59,412
Customer deposits		443		726
Current portion of long-term debt and capital leases		614,401		196,531
Total current liabilities		747,773		308,353
Deferred revenue, net of current portion		219,312		323,919
Long-term debt and capital leases, net of current portion		1,103,772		625,934
Other long-term liabilities		28,801		30,536
Total liabilities	$	2,099,658	$	1,288,742

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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