VIE Arrangements

12 Months Ended

Dec. 31, 2021

Variable Interest Entity Disclosure [Abstract]

VIE Arrangements

VIE Arrangements

The Company consolidated various VIEs at December 31, 2021 and 2020. The carrying amounts and classification of the VIEs’ assets and liabilities included in the consolidated balance sheets are as follows (in thousands):

	December 31,
	2021		2020
Assets
Current assets
Cash	$	377,044	$	219,502
Restricted cash	70,346		34,559
Accounts receivable, net	55,714		35,152
Inventories	93,604		23,306
Prepaid expenses and other current assets	1,519		2,629
Total current assets	598,227		315,148
Solar energy systems, net	7,605,769		6,748,127
Other assets	177,224		127,591
Total assets	$	8,381,220	$	7,190,866
Liabilities
Current liabilities
Accounts payable	$	26,042	$	15,609
Distributions payable to noncontrolling interests    and redeemable noncontrolling interests	31,582		28,577
Accrued expenses and other liabilities	31,036		24,660
Deferred revenue, current portion	45,956		44,906
Deferred grants, current portion	997		1,007
Non-recourse debt, current portion	41,284		31,594
Total current liabilities	176,897		146,353
Deferred revenue, net of current portion	484,429		493,161
Deferred grants, net of current portion	24,637		25,891
Non-recourse debt, net of current portion	1,441,324		1,160,817
Other liabilities	25,205		31,745
Total liabilities	$	2,152,492	$	1,857,967

The Company holds certain variable interests in nonconsolidated VIEs established as a result of six pass-through Fund arrangements as further explained in Note 13, 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.