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Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Allowance for doubtful accounts $ 931 $ 1,641
Preferred stock, par value $ 0.0001 $ 0.0001
Preferred stock, shares authorized 200,000,000 200,000,000
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 2,000,000,000
Common stock, shares issued 103,438,000 101,282,000
Common stock, shares outstanding 103,438,000 101,282,000
Total assets [1] $ 3,356,168 $ 2,734,592
Solar energy systems, net 2,461,506 1,992,021
Cash 207,477 203,864
Restricted cash 11,944 9,203
Accounts receivable, net 51,031 60,275
Prepaid expenses and other current assets 12,589 5,917
Other assets 35,932 29,502
Total liabilities [1] 2,359,967 1,927,893
Accounts payable 88,669 104,133
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 9,817 8,144
Accrued expenses and other liabilities 57,363 49,146
Long-term non-recourse debt 815,473 534,764
Variable Interest Entities    
Total assets 1,881,912 1,363,615
Solar energy systems, net 1,756,040 1,305,420
Cash 104,054 44,407
Restricted cash 1,554 757
Accounts receivable, net 18,485 12,965
Prepaid expenses and other current assets 242 66
Other assets 1,537 0
Total liabilities 603,841 540,464
Accounts payable 18,904 11,025
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 9,767 8,063
Accrued expenses and other liabilities 475 175
Deferred revenue 408,490 374,736
Deferred grants 110,125 115,726
Long-term non-recourse debt $ 56,080 $ 30,739
[1] The Company’s consolidated assets as of September 30, 2016 and December 31, 2015 include $1,881,912 and $1,363,615, 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 September 30, 2016 and December 31, 2015 were $1,756,040 and $1,305,420, respectively; cash as of September 30, 2016 and December 31, 2015 were $104,054 and $44,407, respectively; restricted cash as of September 30, 2016 and December 31, 2015 were $1,554 and $757, respectively; accounts receivable, net as of September 30, 2016 and December 31, 2015 were $18,485 and $12,965, respectively; prepaid expenses and other current assets as of September 30, 2016 and December 31, 2015 were $242 and $66, respectively and other assets as of September 30, 2016 and December 31, 2015 were $1,537 and $0, respectively. The Company’s consolidated liabilities as of September 30, 2016 and December 31, 2015 include $603,841 and $540,464, respectively, in liabilities of VIEs whose creditors have no recourse to the Company. These liabilities include accounts payable as of September 30, 2016 and December 31, 2015 of $18,904 and $11,025, respectively; distributions payable to noncontrolling interests and redeemable noncontrolling interests as of September 30, 2016 and December 31, 2015 of $9,767 and $8,063, respectively; accrued expenses and other liabilities as of September 30, 2016 and December 31, 2015 of $475 and $175, respectively; deferred revenue as of September 30, 2016 and December 31, 2015 of $408,490 and $374,736, respectively; deferred grants as of September 30, 2016 and December 31, 2015 of $110,125 and $115,726, respectively; and long-term non-recourse debt as of September 30, 2016 and December 31, 2015 of $56,080 and $30,739, respectively.