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Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Allowance for doubtful accounts $ 2,454 $ 1,665
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 108,681,000 107,350,000
Common stock, shares outstanding 108,681,000 107,350,000
Total assets [1] $ 4,101,231 $ 3,963,136
Solar energy systems, net 3,285,804 3,161,570
Cash 203,189 202,525
Accounts receivable, net 111,012 112,069
Prepaid expenses and other current assets 6,488 9,202
Other assets 221,535 194,754
Total liabilities [1] 2,676,479 2,598,819
Accounts payable 99,695 115,193
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 15,134 13,583
Accrued expenses and other liabilities 92,793 97,230
Deferred revenue 572,082 564,852
Non-recourse debt 1,384,029 1,294,945
Variable Interest Entities    
Total assets 2,746,338 2,568,378
Solar energy systems, net 2,525,977 2,385,329
Cash 144,822 118,352
Restricted cash 5,991 2,699
Accounts receivable, net 62,233 57,402
Prepaid expenses and other current assets 694 917
Other assets 6,621 3,679
Total liabilities 711,213 677,955
Accounts payable 17,575 15,929
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 15,134 13,526
Accrued expenses and other liabilities 5,851 5,200
Deferred revenue 419,496 409,761
Deferred grants 30,070 30,406
Non-recourse debt $ 222,951 $ 201,285
[1] The Company’s consolidated assets as of March 31, 2018 and December 31, 2017 include $2,746,338 and $2,568,378, respectively, in assets of variable interest entities, or “VIEs”, that can only be used to settle obligations of the VIEs. These assets include solar energy systems, net, as of March 31, 2018 and December 31, 2017 of $2,525,977 and $2,385,329, respectively; cash as of March 31, 2018 and December 31, 2017 of $144,822 and $118,352, respectively; restricted cash as of March 31, 2018 and December 31, 2017 of $5,991 and $2,699, respectively; accounts receivable, net as of March 31, 2018 and December 31, 2017 of $62,233 and $57,402, respectively; prepaid expenses and other current assets as of March 31, 2018 and December 31, 2017 of $694 and $917, respectively and other assets as of March 31, 2018 and December 31, 2017 of $6,621 and $3,679, respectively. The Company’s consolidated liabilities as of March 31, 2018 and December 31, 2017 include $711,213 and $677,955, respectively, in liabilities of VIEs whose creditors have no recourse to the Company. These liabilities include accounts payable as of March 31, 2018 and December 31, 2017 of $17,575 thousand and $15,929 thousand, respectively; distributions payable to noncontrolling interests and redeemable noncontrolling interests as of March 31, 2018 and December 31, 2017 of $15,134 and $13,526, respectively; accrued expenses and other liabilities as of March 31, 2018 and December 31, 2017 of $5,851 and $5,200, respectively; deferred revenue as of March 31, 2018 and December 31, 2017 of $419,496 and $409,761, respectively; deferred grants as of March 31, 2018 and December 31, 2017 of $30,070 and $30,406, respectively; and non-recourse debt as of March 31, 2018 and December 31, 2017 of $222,951 and $201,285, respectively.