XML 15 R3.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Allowance for doubtful accounts $ 1,641 $ 703
Preferred stock, par value $ 0.0001 $ 0.0001
Preferred stock, shares authorized 200,000,000 0
Preferred stock, shares issued 0 0
Preferred stock, shares outstanding 0 0
Common stock, par value $ 0.0001 $ 0.0001
Common stock, shares authorized 2,000,000,000 119,547,000
Common stock, shares issued 101,282,000 24,249,000
Common stock, shares outstanding 101,282,000 24,249,000
Total assets [1] $ 2,738,146 $ 1,932,584
Solar energy systems, net 1,992,021 1,484,251
Cash 203,864 152,154
Accounts receivable, net 60,275 43,189
Prepaid expenses and other current assets 6,696 9,560
Total liabilities [1] 1,931,447 1,380,017
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 618,792 512,124
Long-term debt 538,318 239,251
Variable Interest Entities    
Total assets 1,363,615 986,878
Solar energy systems, net 1,305,420 942,655
Cash 44,407 29,099
Restricted cash 757 593
Accounts receivable, net 12,965 14,351
Prepaid expenses and other current assets 66 180
Total liabilities 540,464 474,348
Accounts payable 11,025 9,057
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 8,063 6,426
Accrued expenses and other liabilities 175 340
Deferred revenue 374,736 301,792
Deferred grants 115,726 123,351
Long-term debt $ 30,739 $ 33,382
Convertible Preferred Stock    
Preferred stock, par value $ 0.0001 $ 0.0001
Preferred stock, shares authorized 0 57,028,000
Preferred stock, shares issued 0 54,841,000
Preferred stock, shares outstanding 0 54,841,000
Aggregate liquidation preference $ 0 $ 305,883
[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.