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Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Allowance for doubtful accounts $ (2,228) $ (1,665)
Preferred stock, par value $ 0.0001 $ 0.0001
Preferred stock, shares authorized 200,000,000 200,000,000
Preferred stock, shares issued (in shares) 0 0
Preferred stock, shares outstanding (in shares) 0 0
Common stock, par value $ 0.0001 $ 0.0001
Common stock, shares authorized 2,000,000,000 2,000,000,000
Common stock, shares issued 107,350,000 104,321,000
Common stock, shares outstanding (in shares) 107,350,000 104,321,000
Total assets [1] $ 4,749,787 $ 3,963,136
Solar energy systems, net 3,820,017 3,161,570
Cash 226,625 202,525
Restricted cash 77,626 39,265
Accounts receivable, net 66,435 60,359
Prepaid expenses and other current assets 8,563 9,202
Other assets 335,685 246,464
Total liabilities [1] 3,340,703 2,598,819
Accounts payable 131,278 115,193
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 15,847 13,583
Accrued expenses and other liabilities 98,636 97,230
Deferred revenue 591,625 564,852
Other liabilities 48,210 42,743
Variable Interest Entities    
Total assets 2,905,295 2,568,378
Solar energy systems, net 2,712,377 2,385,329
Cash 105,494 118,352
Restricted cash 2,071 2,699
Accounts receivable, net 18,539 18,786
Prepaid expenses and other current assets 387 917
Other assets 66,427 42,295
Total liabilities 660,758 677,955
Accounts payable 12,136 15,929
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 15,797 13,526
Accrued expenses and other liabilities 7,122 5,200
Deferred revenue 396,920 409,761
Deferred grants 29,229 30,406
Non-recourse debt 190,711 201,285
Other liabilities $ 8,843 $ 1,848
[1] The Company’s consolidated assets as of December 31, 2018 and 2017 include $2,905,295 and $2,568,378, 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 December 31, 2018 and 2017 were $2,712,377 and $2,385,329, respectively; cash as of December 31, 2018 and 2017 were $105,494 and $118,352, respectively; restricted cash as of December 31, 2018 and 2017 were $2,071 and $2,699, respectively; accounts receivable, net as of December 31, 2018 and 2017 were $18,539 and $18,786, respectively; prepaid expenses and other current assets as of December 31, 2018 and 2017 were $387 and $917, respectively and other assets as of December 31, 2018 and 2017 were $66,427 and $42,295, respectively. The Company’s consolidated liabilities as of December 31, 2018 and 2017 include $660,758 and $677,955, respectively, in liabilities of VIEs whose creditors have no recourse to the Company. These liabilities include accounts payable as of December 31, 2018 and 2017 of $12,136 and $15,929, respectively; distributions payable to noncontrolling interests and redeemable noncontrolling interests as of December 31, 2018 and 2017 of $15,797 and $13,526, respectively; accrued expenses and other liabilities as of December 31, 2018 and 2017 of $7,122 and $5,200, respectively; deferred revenue as of December 31, 2018 and 2017 of $396,920 and $409,761, respectively; deferred grants as of December 31, 2018 and 2017 of $29,229 and $30,406, respectively; non-recourse debt as of December 31, 2018 and 2017 of $190,711 and $201,285, respectively; and other liabilities as of December 31, 2018 and December 31, 2017 of $8,843 thousand and $1,848, respectively.