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Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Allowance for doubtful accounts $ 1,088 $ 1,166
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 104,643,000 104,321,000
Common stock, shares outstanding 104,643,000 104,321,000
Total assets [1] $ 3,319,028 $ 3,572,818
Solar energy systems, net 2,790,424 2,629,366
Cash 203,791 206,364
Restricted cash 12,030 11,882
Accounts receivable, net 54,065 60,258
Prepaid expenses and other current assets 11,585 9,802
Other assets 31,497 34,936
Total liabilities [1] 2,170,482 2,510,725
Accounts payable 65,520 66,018
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 11,157 10,654
Accrued expenses and other liabilities 48,675 59,261
Long-term non-recourse debt 949,275 898,023
Variable Interest Entities    
Total assets 2,224,280 2,065,232
Solar energy systems, net 2,083,079 1,920,330
Cash 114,974 120,728
Restricted cash 1,631 1,680
Accounts receivable, net 22,916 20,771
Prepaid expenses and other current assets 202 242
Other assets 1,478 1,481
Total liabilities 638,951 617,011
Accounts payable 22,564 14,873
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 11,157 10,654
Accrued expenses and other liabilities 1,600 782
Deferred revenue 433,804 422,685
Deferred grants 108,088 109,034
Long-term non-recourse debt $ 61,738 $ 58,983
[1] The Company’s consolidated assets as of March 31, 2017 and December 31, 2016 include $2,224,280 and $2,065,232, 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 March 31, 2017 and December 31, 2016 were $2,083,079 and $1,920,330, respectively; cash as of March 31, 2017 and December 31, 2016 were $114,974 and $120,728, respectively; restricted cash as of March 31, 2017 and December 31, 2016 were $1,631 and $1,680, respectively; accounts receivable, net as of March 31, 2017 and December 31, 2016 were $22,916 and $20,771, respectively; prepaid expenses and other current assets as of March 31, 2017 and December 31, 2016 were $202 and $242, respectively and other assets as of March 31, 2017 and December 31, 2016 were $1,478 and $1,481, respectively. The Company’s consolidated liabilities as of March 31, 2017 and December 31, 2016 include $638,951 and $617,011, respectively, in liabilities of VIEs whose creditors have no recourse to the Company. These liabilities include accounts payable as of March 31, 2017 and December 31, 2016 of $22,564 and $14,873, respectively; distributions payable to noncontrolling interests and redeemable noncontrolling interests as of March 31, 2017 and December 31, 2016 of $11,157 and $10,654, respectively; accrued expenses and other liabilities as of March 31, 2017 and December 31, 2016 of $1,600 and $782, respectively; deferred revenue as of March 31, 2017 and December 31, 2016 of $433,804 and $422,685, respectively; deferred grants as of March 31, 2017 and December 31, 2016 of $108,088 and $109,034, respectively; and long-term non-recourse debt as of March 31, 2017 and December 31, 2016 of $61,738 and $58,983, respectively.