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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 382,544 $ 504,383
Short-term investments 11,311 138,311
Restricted cash 39,864 20,875
Accounts receivable (net of allowances for doubtful accounts of $4,292 and $1,941 as of December 31, 2015 and December 31, 2014, respectively) 33,998 22,708
Rebates receivable (net of reserves of $2,207 and $7,860 as of December 31, 2015 and December 31, 2014, respectively) 11,545 30,021
Inventories 342,951 217,223
Deferred income tax asset   13,149
Prepaid expenses and other current assets 79,925 50,946
Total current assets 902,138 997,616
Solar energy systems, leased and to be leased – net 4,375,553 2,796,796
Property, plant and equipment – net 262,387 75,464
Build-to-suit lease asset under construction 284,500 26,450
Goodwill and intangible assets – net 517,109 539,557
MyPower customer notes receivable, net of current portion 488,461 34,544
MyPower deferred costs 215,708 13,147
Other assets 241,262 67,645
Total assets [1] 7,287,118 4,551,219
Current liabilities:    
Accounts payable 364,973 237,809
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 26,769 8,552
Current portion of deferred U.S. Treasury grant income 15,336 15,330
Accrued and other current liabilities 270,184 152,408
Customer deposits 6,322 10,560
Current portion of deferred revenue 103,078 86,238
Current portion of long-term debt 180,048 11,781
Current portion of solar asset-backed notes 13,864 13,157
Current portion of financing obligation 34,479 29,689
Total current liabilities 1,193,362 566,513
Deferred revenue, net of current portion 1,010,491 557,408
Long-term debt, net of current portion 1,006,595 282,789
Convertible senior notes 881,585 777,726
Convertible senior notes issued to related parties 12,975  
Solar asset-backed notes, net of current portion 395,667 293,215
Long-term deferred tax liability 1,373 13,194
Financing obligation, net of current portion 68,940 73,379
Deferred U.S. Treasury grant income, net of current portion 382,283 397,486
Build-to-suit lease liability 284,500 26,450
Other liabilities and deferred credits 279,006 218,024
Total liabilities [1] $ 5,552,555 $ 3,208,847
Commitments and contingencies (Note 22)
Redeemable noncontrolling interests in subsidiaries $ 320,935 $ 186,788
Stockholders' equity:    
Common stock, $0.0001 par value - authorized, 1,000,000 shares as of December 31, 2015 and December 31, 2014; issued and outstanding, 97,864 and 96,521 shares as of December 31, 2015 and December 31, 2014, respectively 10 10
Additional paid-in capital 1,195,246 1,003,992
Accumulated deficit (316,690) (258,360)
Total stockholders' equity 878,566 745,642
Noncontrolling interests in subsidiaries 535,062 409,942
Total equity 1,413,628 1,155,584
Total liabilities and equity 7,287,118 4,551,219
Solar Bonds [Member]    
Current liabilities:    
Current portion of solar bonds 13,189 659
Current portion of solar bonds issued to related parties 165,120 330
Solar bonds, net of current portion 35,678 2,463
Solar bonds issued to related parties, net of current portion $ 100 $ 200
[1] SolarCity Corporation’s, or the Company’s, consolidated assets as of December 31, 2015 and 2014 include $2,866,882 and $1,672,370, respectively, being assets of variable interest entities, or VIEs, that can only be used to settle obligations of the VIEs. These assets include solar energy systems, leased and to be leased - net of $2,779,363 and $1,581,459 as of December 31, 2015 and 2014, respectively; property, plant and equipment - net of $21,960 and $24,286 as of December 31, 2015 and 2014, respectively; cash and cash equivalents of $33,537 and $27,820 as of December 31, 2015 and 2014, respectively; inventory of $1,000 and $614 as of December 31, 2015 and 2014, respectively; restricted cash, current, of $522 and $106 as of December 31, 2015 and 2014, respectively; accounts receivable - net of $10,267 and $6,769 as of December 31, 2015 and 2014, respectively; prepaid expenses and other current assets of $2,713 and $1,839 as of December 31, 2015 and 2014, respectively; rebates receivable of $6,220 and $25,397 as of December 31, 2015 and 2014, respectively; restricted cash, long-term, of $254 and $300 as of December 31, 2015 and 2014, respectively; and other assets of $11,046 and $3,780 as of December 31, 2015 and 2014, respectively. The Company’s consolidated liabilities as of December 31, 2015 and 2014 included $33,475 and $27,808, respectively, being liabilities of VIEs whose creditors have no recourse to the Company. These liabilities include distributions payable to noncontrolling interests in subsidiaries and redeemable noncontrolling interests in subsidiaries of $26,769 and $8,552 as of December 31, 2015 and 2014, respectively; accounts payable of $1,954 and $2,748 as of December 31, 2015 and 2014, respectively; customer deposits of $2,928 and $6,405 as of December 31, 2015 and 2014, respectively; accrued liabilities and other payables of $1,824 and $969 as of December 31, 2015 and 2014, respectively; and current portion of long-term debt of $0 and $9,134 as of December 31, 2015 and 2014, respectively.