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Consolidated Balance Sheets (Parenthetical) - USD ($)
shares in Thousands, $ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Allowance for doubtful accounts $ 2,282 $ 2,228
Preferred stock, par value (in dollars per share) $ 0.0001 $ 0.0001
Preferred stock, shares authorized 200,000 200,000
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 2,000,000
Common stock, shares issued 114,739 113,149
Common stock, shares outstanding 114,739 113,149
Total assets [1] $ 4,939,682 $ 4,749,787
Solar energy systems, net 3,976,504 3,820,017
Cash 245,604 226,625
Restricted cash 64,182 77,626
Accounts receivable, net 67,522 66,435
Prepaid expenses and other current assets 9,568 8,563
Other assets 367,951 335,685
Total liabilities [1] 3,499,955 3,340,703
Accounts payable 105,977 131,278
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 15,628 15,847
Accrued expenses and other liabilities 103,764 98,636
Deferred revenue 693,461 591,625
Non-recourse debt 1,824,222 1,748,922
Other liabilities 84,068 48,210
Variable Interest Entities    
Total assets 2,981,910 2,905,295
Solar energy systems, net 2,761,312 2,712,377
Cash 135,548 105,494
Restricted cash 969 2,071
Accounts receivable, net 16,988 18,539
Prepaid expenses and other current assets 386 387
Other assets 66,707 66,427
Total liabilities 701,595 660,758
Accounts payable 10,979 12,136
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 15,545 15,797
Accrued expenses and other liabilities 7,315 7,122
Deferred revenue 438,765 396,920
Deferred grants 28,964 29,229
Non-recourse debt 189,294 190,711
Other liabilities $ 10,733 $ 8,843
[1] The Company’s consolidated assets as of March 31, 2019 and December 31, 2018 include $2,981,910 and $2,905,295, respectively, in assets of variable interest entities (“VIEs”) that can only be used to settle obligations of the VIEs. These assets include solar energy systems, net, as of March 31, 2019 and December 31, 2018 of $2,761,312 and $2,712,377, respectively; cash as of March 31, 2019 and December 31, 2018 of $135,548 and $105,494, respectively; restricted cash as of March 31, 2019 and December 31, 2018 of $969 and $2,071, respectively; accounts receivable, net as of March 31, 2019 and December 31, 2018 of $16,988 and $18,539, respectively; prepaid expenses and other current assets as of March 31, 2019 and December 31, 2018 of $386 and $387, respectively; and other assets as of March 31, 2019 and December 31, 2018 of $66,707 and $66,427, respectively. The Company’s consolidated liabilities as of March 31, 2019 and December 31, 2018 include $701,595 and $660,758, respectively, in liabilities of VIEs whose creditors have no recourse to the Company. These liabilities include accounts payable as of March 31, 2019 and December 31, 2018 of $10,979 and $12,136, respectively; distributions payable to noncontrolling interests and redeemable noncontrolling interests as of March 31, 2019 and December 31, 2018 of $15,545 and $15,797, respectively; accrued expenses and other current liabilities as of March 31, 2019 and December 31, 2018 of $7,315 and $7,122, respectively; deferred revenue as of March 31, 2019 and December 31, 2018 of $438,765 and $396,920, respectively; deferred grants as of March 31, 2019 and December 31, 2018 of $28,964 and $29,229, respectively; non-recourse debt as of March 31, 2019 and December 31, 2018 of $189,294 and $190,711, respectively; and other liabilities as of March 31, 2019 and December 31, 2018 of $10,733 and $8,843, respectively.