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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash $ 203,864 $ 152,154
Restricted cash 9,203 2,534
Accounts receivable (net of allowances for doubtful accounts of $1,641 and $703 as of December 31, 2015 and December 31, 2014, respectively) 60,275 43,189
State tax credits receivable 9,198 5,183
Inventories 71,258 23,914
Prepaid expenses and other current assets 6,696 9,560
Total current assets 360,494 236,534
Restricted cash 8,094 6,012
Solar energy systems, net 1,992,021 1,484,251
Property and equipment, net 44,866 22,195
Intangible assets, net 22,705 13,111
Goodwill 87,543 51,786
Prepaid tax asset 190,146 109,381
Other assets 32,277 9,314
Total assets [1] 2,738,146 1,932,584
Current liabilities:    
Accounts payable 104,133 51,166
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 8,144 6,764
Accrued expenses and other liabilities 49,146 25,445
Deferred revenue, current portion 59,726 44,398
Deferred grants, current portion 13,949 13,754
Capital lease obligation, current portion 8,951 1,593
Long-term debt, current portion 2,085 2,602
Solar asset-backed notes, current portion 3,323  
Lease pass-through financing obligation, current portion 3,710 5,161
Total current liabilities 253,167 150,883
Deferred revenue, net of current portion 559,066 467,726
Deferred grants, net of current portion 220,784 226,801
Capital lease obligation, net of current portion 15,042 5,761
Line of credit 194,975 48,597
Long-term debt, net of current portion 232,378 188,052
Solar asset-backed notes, net of current portion 105,557  
Lease pass-through financing obligation, net of current portion 153,188 180,224
Other liabilities 7,144 2,424
Deferred tax liabilities 190,146 109,549
Total liabilities [1] $ 1,931,447 $ 1,380,017
Commitments and contingencies (Note 21)
Redeemable noncontrolling interests $ 147,139 $ 135,948
Stockholders’ equity:    
Preferred stock
Common stock, $0.0001 par value—authorized, 2,000,000 and 119,547 shares as of December 31, 2015 and 2014, respectively; issued and outstanding, 101,282 and 24,249 shares as of December 31, 2015 and 2014, respectively $ 10 $ 2
Additional paid-in capital 642,229 383,860
Accumulated other comprehensive loss (921)  
Accumulated deficit (87,249) (59,003)
Total stockholders’ equity 554,069 324,864
Noncontrolling interests 105,491 91,755
Total equity 659,560 416,619
Total liabilities, redeemable noncontrolling interests and total equity $ 2,738,146 1,932,584
Convertible Preferred Stock    
Stockholders’ equity:    
Preferred stock   $ 5
[1] The Company’s consolidated assets as of December 31, 2015 and 2014 include $1,363,615 and $986,878, 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, 2015 and 2014 were $1,305,420 and $942,655, respectively; cash as of December 31, 2015 and 2014 were $44,407 and $29,099, respectively; restricted cash as of December 31, 2015 and 2014 were $757 and $593, respectively; accounts receivable, net as of December 31, 2015 and 2014 were $12,965 and $14,351; respectively; prepaid expenses and other current assets as of December 31, 2015 and 2014 were $66 and $180, respectively. The Company’s consolidated liabilities as of December 31, 2015 and 2014 include $540,464 and $474,348, respectively, in liabilities of VIEs whose creditors have no recourse to the Company. These liabilities include accounts payable as of December 31, 2015 and 2014 of $11,025 and $9,057, respectively; distributions payable to noncontrolling interests and redeemable noncontrolling interests as of December 31, 2015 and 2014 of $8,063 and $6,426, respectively; accrued expenses and other liabilities as of December 31, 2015 and 2014 of $175 and $340, respectively; deferred revenue as of December 31, 2015 and 2014 of $374,736 and $301,792, respectively; deferred grants as of December 31, 2015 and 2014 of $115,726 and $123,351, respectively; and long-term debt as of December 31, 2015 and 2014 of $30,739 and $33,382, respectively.