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Related Party Transactions
 12 Months Ended
Dec. 31, 2015
Related Party Transactions [Abstract]  
Related Party Transactions

21. Related Party Transactions

The Company’s operations included the following related party transactions (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2015

 

 

2014

 

 

2013

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

Solar energy systems sales to related parties

 

$

79

 

 

$

2,479

 

 

$

17

 

Expenditures:

 

 

 

 

 

 

 

 

 

 

 

 

Purchases of inventories or equipment from related parties

 

$

7,809

 

 

$

3,383

 

 

$

1,741

 

Fees paid or payable to related parties (included in sales

   and marketing expense)

 

$

—

 

 

$

103

 

 

$

81

 

Interest paid or payable to related parties (included in interest

   expense — net)

 

$

2,125

 

 

$

3

 

 

$

—

 

 

Related party balances were comprised of the following (in thousands):

 

 

 

December 31, 2015

 

 

December 31, 2014

 

Due from related parties (included in accounts receivable)

 

$

30

 

 

$

30

 

Due to related parties (included in accounts payable)

 

$

3,961

 

 

$

300

 

Due to related parties (included in solar bonds)

 

$

165,220

 

 

$

530

 

Due to related parties (included in convertible senior notes)

 

$

12,975

 

 

$

—

 

Due to related parties (included in accrued and other current

   liabilities)

 

$

1,249

 

 

$

3

 

 

The related party transactions were primarily purchases of batteries from Tesla Motors, Inc., or Tesla, issuances of Solar Bonds to SpaceX and the Company’s Chief Technology Officer and issuances of convertible senior notes to an entity affiliated with the Chairman of the Company’s board of directors and the Company’s Chief Executive Officer. Tesla is considered a related party because the Chairman of the Company’s board of directors is the Chief Executive Officer and Chairman of Tesla, other members of the Company’s board of directors also serve as members of the board of directors of Tesla, the Company’s Chief Financial Officer also serves as a member of the board of directors of Tesla and some members of the Company’s board of directors and executive management are also investors in Tesla. SpaceX is considered a related party because the Chairman of the Company’s board of directors is the Chief Executive Officer, Chief Designer, Chairman and a significant stockholder of SpaceX, other members of the Company’s board of directors also serve as members of the board of directors of SpaceX and some members of the Company’s board of directors and executive management are also investors in SpaceX.