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Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Allowances for doubtful accounts $ 4,292 $ 1,941
Rebate reserves $ 2,207 $ 7,860
Common stock, par value $ 0.0001 $ 0.0001
Common stock, shares authorized 1,000,000,000 1,000,000,000
Common stock, shares issued 97,864,000 96,521,000
Common stock, shares outstanding 97,864,000 96,521,000
Total assets [1] $ 7,287,118 $ 4,551,219
Solar energy systems, leased and to be leased – net 4,375,553 2,796,796
Property, plant and equipment – net 262,387 75,464
Cash and cash equivalents 382,544 504,383
Inventories 342,951 217,223
Restricted cash, current 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
Prepaid expenses and other current assets 79,925 50,946
Rebates receivable 11,545 30,021
Other assets 241,262 67,645
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 26,769 8,552
Accounts payable 364,973 237,809
Customer deposits 6,322 10,560
Current portion of long-term debt 180,048 11,781
VIEs [Member]    
Total assets 2,866,882 1,672,370
Solar energy systems, leased and to be leased – net 2,779,363 1,581,459
Property, plant and equipment – net 21,960 24,286
Cash and cash equivalents 33,537 27,820
Inventories 1,000 614
Restricted cash, current 522 106
Accounts receivable (net of allowances for doubtful accounts of $4,292 and $1,941 as of December 31, 2015 and December 31, 2014, respectively) 10,267 6,769
Prepaid expenses and other current assets 2,713 1,839
Rebates receivable 6,220 25,397
Restricted cash, noncurrent 254 300
Other assets 11,046 3,780
Non recourse Variable Interest Entity's (VIE) liabilities 33,475 27,808
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 26,769 8,552
Accounts payable 1,954 2,748
Customer deposits 2,928 6,405
Accrued liabilities and other payables 1,824 969
Current portion of long-term debt $ 0 $ 9,134
[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.