XML 59 R48.htm IDEA: XBRL DOCUMENT v3.7.0.1
VIE Arrangements - Carrying Amounts and Classification of the VIEs' Assets and Liabilities Included in the Consolidated Balance Sheets (Details) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Mar. 31, 2016
Dec. 31, 2015
Current assets:        
Cash $ 203,791 $ 206,364 $ 208,313 $ 203,864
Restricted cash 12,030 11,882    
Accounts receivable, net 54,065 60,258    
Prepaid expenses and other current assets 11,585 9,802    
Total current assets 341,074 369,345    
Solar energy systems, net 2,790,424 2,629,366    
Other assets 31,497 34,936    
Total assets [1] 3,319,028 3,572,818    
Current liabilities:        
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    
Deferred revenue, current portion 74,284 70,849    
Deferred grants, current portion 8,394 8,011    
Long-term non-recourse debt, current portion 15,797 14,153    
Total current liabilities 238,897 244,784    
Deferred revenue, net of current portion 578,425 583,401    
Deferred grants, net of current portion 224,217 226,893    
Long-term non-recourse debt, net of current portion 686,078 639,870    
Total liabilities [1] 2,170,482 2,510,725    
Variable Interest Entities        
Current assets:        
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    
Total current assets 139,723 143,421    
Solar energy systems, net 2,083,079 1,920,330    
Other assets 1,478 1,481    
Total assets 2,224,280 2,065,232    
Current liabilities:        
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, current portion 28,593 25,827    
Deferred grants, current portion 3,641 3,644    
Long-term non-recourse debt, current portion 9,813 8,616    
Total current liabilities 77,368 64,396    
Deferred revenue, net of current portion 405,211 396,858    
Deferred grants, net of current portion 104,447 105,390    
Long-term non-recourse debt, net of current portion 51,925 50,367    
Total liabilities $ 638,951 $ 617,011    
[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.