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Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Allowances for doubtful accounts $ 14,829 $ 4,292
Rebate reserves $ 2,803 $ 2,207
Common stock, par value $ 0.01 $ 0.0001
Common stock, shares authorized 1,000,000 1,000,000,000
Common stock, shares issued 100 97,900,000
Common stock, shares outstanding 100 97,900,000
Total assets [1] $ 9,130,756 $ 7,287,118
Solar energy systems, leased and to be leased – net 5,828,755 4,375,553
Property, plant and equipment – net 244,736 262,387
Cash and cash equivalents 290,710 382,544
Inventories 172,713 342,951
Restricted cash, current 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
Prepaid expenses and other current assets 77,497 79,925
Rebates receivable 10,339 11,545
Other assets 345,145 241,262
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 24,085 26,769
Accounts payable 207,643 364,973
Current portion of long-term debt 617,588 180,048
Long-term debt, net of current portion 1,092,426 1,006,595
VIEs [Member]    
Total assets 4,133,472 2,866,882
Solar energy systems, leased and to be leased – net 3,975,214 2,779,363
Property, plant and equipment – net 0 21,960
Cash and cash equivalents 44,091 33,537
Inventories 0 1,000
Restricted cash, current 20,916 522
Accounts receivable (net of allowances for doubtful accounts of $14,829 and $4,292 as of December 31, 2016 and December 31, 2015, respectively) 16,023 10,267
Prepaid expenses and other current assets 7,532 2,713
Rebates receivable 6,646 6,220
Other assets 63,050 11,300
Non recourse Variable Interest Entity's (VIE) liabilities 596,802 33,475
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 24,085 26,769
Accounts payable 20 1,954
Customer deposits 1,169 2,928
Accrued liabilities and other payables 8,524 1,824
Current portion of long-term debt 87,467 0
Long-term debt, net of current portion $ 475,537 $ 0
[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.