XML 66 R57.htm IDEA: XBRL DOCUMENT v3.23.1
VIE Arrangements - Carrying Amounts and Classification of the VIEs' Assets and Liabilities Included in the Consolidated Balance Sheets (Details)
$ in Thousands
3 Months Ended
Mar. 31, 2023
USD ($)
fund
investment_fund
Dec. 31, 2022
USD ($)
Mar. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Current assets:        
Cash $ 628,536 $ 740,508 $ 629,161 $ 617,634
Restricted cash 214,542 212,367    
Accounts receivable, net 218,692 214,255    
Inventories 887,890 783,904    
Prepaid expenses and other current assets 134,612 146,609    
Total current assets 2,084,272 2,097,643    
Solar energy systems, net 11,368,850 10,988,361    
Other assets 1,913,615 1,827,518    
Total assets [1] 19,728,327 19,268,805    
Current liabilities:        
Accounts payable 345,968 339,166    
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 30,621 32,050    
Accrued expenses and other liabilities 381,271 406,466    
Deferred revenue, current portion 160,221 183,719    
Non-recourse debt, current portion 194,410 157,810    
Total current liabilities 1,150,017 1,155,451    
Deferred revenue, net of current portion 938,039 912,254    
Non-recourse debt, net of current portion 7,786,399 7,343,299    
Other liabilities 170,267 140,290    
Total liabilities [1] $ 11,560,573 11,089,788    
Number of types of investment funds used by the company | investment_fund 3      
Variable Interest Entities        
Current assets:        
Cash $ 395,983 457,005    
Restricted cash 42,500 44,514    
Accounts receivable, net 72,961 66,847    
Inventories 414,407 193,836    
Prepaid expenses and other current assets 12,003 12,698    
Total current assets 937,854 774,900    
Solar energy systems, net 9,227,988 8,968,835    
Other assets 302,876 287,771    
Total assets 10,468,718 10,031,506    
Current liabilities:        
Accounts payable 18,954 36,315    
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 30,622 32,051    
Accrued expenses and other liabilities 32,118 32,512    
Deferred revenue, current portion 49,809 49,037    
Non-recourse debt, current portion 73,734 39,894    
Total current liabilities 205,237 189,809    
Deferred revenue, net of current portion 582,279 572,420    
Non-recourse debt, net of current portion 1,449,125 1,449,513    
Other liabilities 15,754 15,260    
Total liabilities $ 2,252,395 $ 2,227,002    
Number of types of investment funds used by the company | fund 6      
[1] The Company’s consolidated assets as of March 31, 2023 and December 31, 2022 include $10,468,718 and $10,031,506, 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, 2023 and December 31, 2022 of $9,227,988 and $8,968,835, respectively; cash as of March 31, 2023 and December 31, 2022 of $395,983 and $457,005, respectively; restricted cash as of March 31, 2023 and December 31, 2022 of $42,500 and $44,514, respectively; accounts receivable, net as of March 31, 2023 and December 31, 2022 of $72,961 and $66,847, respectively; inventories as of March 31, 2023 and December 31, 2022 of $414,407 and 193,836, respectively; prepaid expenses and other current assets as of March 31, 2023 and December 31, 2022 of $12,003 and $12,698, respectively; and other assets as of March 31, 2023 and December 31, 2022 of $302,876 and $287,771, respectively. The Company’s consolidated liabilities as of March 31, 2023 and December 31, 2022 include $2,252,395 and $2,227,002, respectively, in liabilities of VIEs whose creditors have no recourse to the Company. These liabilities include accounts payable as of March 31, 2023 and December 31, 2022 of $18,954 and $36,315, respectively; distributions payable to noncontrolling interests and redeemable noncontrolling interests as of March 31, 2023 and December 31, 2022 of $30,622 and $32,051, respectively; accrued expenses and other current liabilities as of March 31, 2023 and December 31, 2022 of $32,118 and $32,512, respectively; deferred revenue as of March 31, 2023 and December 31, 2022 of $632,088 and $621,457, respectively; non-recourse debt as of March 31, 2023 and December 31, 2022 of $1,522,859 and $1,489,407, respectively; and other liabilities as of March 31, 2023 and December 31, 2022 of $15,754 and $15,260, respectively.