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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 290,710 $ 382,544
Short-term investments   11,311
Restricted cash 74,717 39,864
Accounts receivable (net of allowances for doubtful accounts of $14,829 and $4,292 as of December 31, 2016 and December 31, 2015, respectively) 66,949 33,998
Rebates receivable (net of reserves of $2,803 and $2,207 as of December 31, 2016 and December 31, 2015, respectively) 10,339 11,545
Inventories 172,713 342,951
Prepaid expenses and other current assets 77,497 79,925
Total current assets 692,925 902,138
Solar energy systems, leased and to be leased – net 5,828,755 4,375,553
Property, plant and equipment – net 244,736 262,387
Build-to-suit lease asset under construction 807,593 284,500
Goodwill and intangible assets – net 461,989 517,109
MyPower customer notes receivable, net of current portion 517,244 488,461
MyPower deferred costs 232,369 215,708
Other assets 345,145 241,262
Total assets [1] 9,130,756 7,287,118
Current liabilities:    
Accounts payable 207,643 364,973
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 24,085 26,769
Payable to parent – net 11,693  
Current portion of deferred U.S. Treasury grant income 14,348 15,336
Accrued and other current liabilities 265,987 276,506
Current portion of deferred revenue 124,722 103,078
Current portion of long-term debt 617,588 180,048
Current portion of solar asset-backed notes 19,628 13,864
Current portion of financing obligation 52,031 34,479
Total current liabilities 1,519,307 1,193,362
Deferred revenue, net of current portion 1,086,417 1,010,491
Long-term debt, net of current portion 1,092,426 1,006,595
Convertible senior notes 873,194 881,585
Convertible senior notes issued to related parties 11,669 12,975
Solar asset-backed notes, net of current portion 549,205 395,667
Long-term deferred tax liability 481 1,373
Financing obligation, net of current portion 81,917 68,940
Deferred U.S. Treasury grant income, net of current portion 343,264 382,283
Build-to-suit lease liability 807,593 284,500
Other liabilities and deferred credits 339,951 279,006
Total liabilities [1] 6,855,703 5,552,555
Commitments and contingencies (Note 23)
Redeemable noncontrolling interests in subsidiaries 343,623 320,935
Parent's equity:    
Common stock: as of December 31, 2016, $0.01 par value, 1.0 million shares authorized, 100 shares issued and outstanding; as of December 31, 2015, $0.0001 par value, 1 billion shares authorized, 97.9 million shares issued and outstanding   10
Additional paid-in capital 1,301,201 1,195,246
Accumulated deficit (77,916) (316,690)
Total parent's equity 1,223,285 878,566
Noncontrolling interests in subsidiaries 708,145 535,062
Total equity 1,931,430 1,413,628
Total liabilities and equity 9,130,756 7,287,118
Solar Bonds [Member]    
Current liabilities:    
Current portion of solar bonds 16,582 13,189
Current portion of solar bonds issued to related parties 165,000 165,120
Solar bonds, net of current portion 50,179 35,678
Solar bonds issued to related parties, net of current portion $ 100,100 $ 100
[1] SolarCity Corporation’s, or the Company’s, consolidated assets as of December 31, 2016 and 2015 included $4,133,472 and $2,866,882, respectively, of assets of variable interest entities, or VIEs, that can only be used to settle obligations of the VIEs. These assets included solar energy systems, leased and to be leased – net of $3,975,214 and $2,779,363 as of December 31, 2016 and 2015, respectively; property, plant and equipment – net of $0 and $21,960 as of December 31, 2016 and 2015, respectively; cash and cash equivalents of $44,091 and $33,537 as of December 31, 2016 and 2015, respectively; inventory of $0 and $1,000 as of December 31, 2016 and 2015, respectively; restricted cash, current, of $20,916 and $522 as of December 31, 2016 and 2015, respectively; accounts receivable – net of $16,023 and $10,267 as of December 31, 2016 and 2015, respectively; prepaid expenses and other current assets of $7,532 and $2,713 as of December 31, 2016 and 2015, respectively; rebates receivable of $6,646 and $6,220 as of December 31, 2016 and 2015, respectively; and other assets of $63,050 and $11,300 as of December 31, 2016 and 2015, respectively. The Company’s consolidated liabilities as of December 31, 2016 and 2015 included $596,802 and $33,475, respectively, of liabilities of VIEs whose creditors have no recourse to the Company. These liabilities included distributions payable to noncontrolling interests in subsidiaries and redeemable noncontrolling interests in subsidiaries of $24,085 and $26,769 as of December 31, 2016 and 2015, respectively; accounts payable of $20 and $1,954 as of December 31, 2016 and 2015, respectively; customer deposits of $1,169 and $2,928 as of December 31, 2016 and 2015, respectively; accrued liabilities and other payables of $8,524 and $1,824 as of December 31, 2016 and 2015, respectively; current portion of long-term debt of $87,467 and $0 as of December 31, 2016 and 2015, respectively; and long-term debt, net of current portion, of $475,537 and $0 as of December 31, 2016 and 2015, respectively.