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VIE Arrangements
 9 Months Ended
Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
VIE Arrangements VIE Arrangements
The Company consolidated various VIEs at September 30, 2020 and December 31, 2019. The carrying amounts and classification of the VIEs’ assets and liabilities included in the consolidated balance sheets are as follows (in thousands):
September 30, 2020December 31, 2019
Assets
Current assets
Cash$155,201 $133,362 
Restricted cash14,495 2,746 
Accounts receivable, net27,471 21,956 
Inventories51,894 15,721 
Prepaid expenses and other current assets1,583 554 
Total current assets250,644 174,339 
Solar energy systems, net3,773,324 3,259,712 
Other assets112,079 87,151 
Total assets$4,136,047 $3,521,202 
Liabilities
Current liabilities
Accounts payable$25,535 $11,531 
Distributions payable to noncontrolling interests and redeemable noncontrolling interests
17,776 16,012 
Accrued expenses and other liabilities15,053 10,740 
Deferred revenue, current portion41,435 38,265 
Deferred grants, current portion1,011 1,011 
Non-recourse debt, current portion54,358 4,901 
Total current liabilities155,168 82,460 
Deferred revenue, net of current portion473,129 443,873 
Deferred grants, net of current portion26,220 27,023 
Non-recourse debt, net of current portion186,173 201,575 
Other liabilities35,176 19,633 
Total liabilities$875,866 $774,564 
The Company holds a variable interest in an entity that provides the noncontrolling interest with a right to terminate the leasehold interests in all of the leased projects on the tenth anniversary of the effective date of the master lease. In this circumstance, the Company would be required to pay the noncontrolling interest an amount equal to the fair market value, as defined in the governing agreement of all leased projects as of that date.
The Company holds certain variable interests in nonconsolidated VIEs established as a result of six pass-through Fund arrangements as further explained in Note 10, Pass-through Financing Obligations. The Company does not have material exposure to losses as a result of its involvement with the VIEs in excess of the amount of the pass-through financing obligation recorded in the Company’s consolidated financial statements. The Company is not considered the primary beneficiary of these VIEs.