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Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Allowance for doubtful accounts $ 1,521 $ 1,166
Preferred stock, par value (in dollars per share) $ 0.0001 $ 0.0001
Preferred stock, shares authorized 200,000,000 200,000,000
Preferred stock, shares issued 0 0
Preferred stock, shares outstanding 0 0
Common stock, par value (in dollars per share) $ 0.0001 $ 0.0001
Common stock, shares authorized 2,000,000,000 2,000,000,000
Common stock, shares issued 106,677,000 104,321,000
Common stock, shares outstanding 106,677,000 104,321,000
Total assets [1] $ 3,717,753 $ 3,572,818
Solar energy systems, net 3,147,383 2,629,366
Cash 216,142 206,364
Restricted cash 14,036 11,882
Accounts receivable, net 73,031 60,258
Prepaid expenses and other current assets 13,907 9,802
Other assets 31,187 34,936
Total liabilities [1] 2,427,652 2,510,725
Accounts payable 108,689 66,018
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 14,785 10,654
Accrued expenses and other liabilities 54,533 59,261
Non-recourse debt 1,115,795 898,023
Variable Interest Entities    
Total assets 2,597,441 2,065,232
Solar energy systems, net 2,437,363 1,920,330
Cash 125,232 120,728
Restricted cash 1,861 1,680
Accounts receivable, net 30,198 20,771
Prepaid expenses and other current assets 482 242
Other assets 2,305 1,481
Total liabilities 788,734 617,011
Accounts payable 25,329 14,873
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 14,785 10,654
Accrued expenses and other liabilities 1,884 782
Deferred revenue 460,886 422,685
Deferred grants 105,860 109,034
Non-recourse debt $ 177,466 $ 58,983
[1] The Company’s consolidated assets as of September 30, 2017 and December 31, 2016 include $2,597,441 and $2,065,232, respectively, in assets of variable interest entities, or “VIEs”, that can only be used to settle obligations of the VIEs. Solar energy systems, net, as of September 30, 2017 and December 31, 2016 were $2,437,363 and $1,920,330, respectively; cash as of September 30, 2017 and December 31, 2016 were $125,232 and $120,728, respectively; restricted cash as of September 30, 2017 and December 31, 2016 were $1,861 and $1,680, respectively; accounts receivable, net as of September 30, 2017 and December 31, 2016 were $30,198 and $20,771, respectively; prepaid expenses and other current assets as of September 30, 2017 and December 31, 2016 were $482 and $242, respectively and other assets as of September 30, 2017 and December 31, 2016 were $2,305 and $1,481, respectively. The Company’s consolidated liabilities as of September 30, 2017 and December 31, 2016 include $788,734 and $617,011, respectively, in liabilities of VIEs whose creditors have no recourse to the Company. These liabilities include accounts payable as of September 30, 2017 and December 31, 2016 of $25,329 and $14,873, respectively; distributions payable to noncontrolling interests and redeemable noncontrolling interests as of September 30, 2017 and December 31, 2016 of $14,785 and $10,654, respectively; accrued expenses and other liabilities as of September 30, 2017 and December 31, 2016 of $1,884 and $782, respectively; deferred revenue as of September 30, 2017 and December 31, 2016 of $460,886 and $422,685, respectively; deferred grants as of September 30, 2017 and December 31, 2016 of $105,860 and $109,034, respectively; and non-recourse debt as of September 30, 2017 and December 31, 2016 of $177,466 and $58,983, respectively.