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Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Allowance for doubtful accounts $ 11,035 $ 4,861
Preferred stock, par value (in dollars per share) $ 0.0001 $ 0.0001
Preferred stock, shares authorized (in shares) 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 (in dollars per share) $ 0.0001 $ 0.0001
Common stock, shares authorized (in shares) 2,000,000,000 2,000,000,000
Common stock, shares issued (in shares) 208,176,000 201,406,000
Common stock, shares outstanding (in shares) 208,176,000 201,406,000
Total assets $ 16,483,252 [1] $ 14,382,943
Solar energy systems, net 9,459,696 8,202,788
Cash 617,634 519,965
Restricted cash 232,649 188,095
Accounts receivable, net 146,037 95,141
Inventories 506,819 283,045
Prepaid expenses and other current assets 44,580 51,483
Other assets 1,125,743 681,665
Total liabilities [1] 8,910,665 7,093,572
Accounts payable 288,108 207,441
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 31,582 28,627
Accrued expenses and other liabilities 364,136 325,614
Deferred revenue 873,611 799,276
Other liabilities 190,056 268,684
Variable Interest Entities    
Total assets 8,381,220 7,190,866
Solar energy systems, net 7,605,769 6,748,127
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
Other assets 177,224 127,591
Total liabilities 2,152,492 1,857,967
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 530,385 538,067
Deferred grants 25,634 26,898
Non-recourse debt 1,482,608 1,192,411
Other liabilities $ 25,205 $ 31,745
[1] The Company’s consolidated assets as of December 31, 2021 and 2020 include $8,381,220 and $7,190,866, 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, 2021 and 2020 were $7,605,769 and $6,748,127, respectively; cash as of December 31, 2021 and 2020 were $377,044 and $219,502, respectively; restricted cash as of December 31, 2021 and 2020 were $70,346 and $34,559, respectively; accounts receivable, net as of December 31, 2021 and 2020 were $55,714 and $35,152, respectively; inventories as of December 31, 2021 and December 31, 2020 of $93,604 and $23,306; prepaid expenses and other current assets as of December 31, 2021 and 2020 were $1,519 and $2,629, respectively and other assets as of December 31, 2021 and 2020 were $177,224 and $127,591, respectively. The Company’s consolidated liabilities as of December 31, 2021 and 2020 include $2,152,492 and $1,857,967, respectively, in liabilities of VIEs whose creditors have no recourse to the Company. These liabilities include accounts payable as of December 31, 2021 and 2020 of $26,042 and $15,609, respectively; distributions payable to noncontrolling interests and redeemable noncontrolling interests as of December 31, 2021 and 2020 of $31,582 and $28,577, respectively; accrued expenses and other liabilities as of December 31, 2021 and 2020 of $31,036 and $24,660, respectively; deferred revenue as of December 31, 2021 and 2020 of $530,385 and $538,067, respectively; deferred grants as of December 31, 2021 and 2020 of $25,634 and $26,898, respectively; non-recourse debt as of December 31, 2021 and 2020 of $1,482,608 and $1,192,411, respectively; and other liabilities as of December 31, 2021 and December 31, 2020 of $25,205 and $31,745, respectively.