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Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Allowance for doubtful accounts $ 1,550 $ 1,166
Preferred stock, par value (in dollars per share) $ 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 (in dollars per share) $ 0.0001 $ 0.0001
Common stock, shares authorized 2,000,000,000 2,000,000,000
Common stock, shares issued 105,940,000 104,321,000
Common stock, shares outstanding 105,940,000 104,321,000
Total assets [1] $ 3,489,102 $ 3,572,818
Solar energy systems, net 2,951,260 2,629,366
Cash 211,321 206,364
Restricted cash 15,672 11,882
Accounts receivable, net 64,030 60,258
Prepaid expenses and other current assets 12,575 9,802
Other assets 29,834 34,936
Total liabilities [1] 2,275,819 2,510,725
Accounts payable 75,336 66,018
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 13,212 10,654
Accrued expenses and other liabilities 52,961 59,261
Long-term non-recourse debt 1,027,232 898,023
Variable Interest Entities    
Total assets 2,379,224 2,065,232
Solar energy systems, net 2,237,670 1,920,330
Cash 108,039 120,728
Restricted cash 3,574 1,680
Accounts receivable, net 27,547 20,771
Prepaid expenses and other current assets 235 242
Other assets 2,159 1,481
Total liabilities 762,273 617,011
Accounts payable 22,196 14,873
Distributions payable to noncontrolling interests and redeemable noncontrolling interests 13,213 10,654
Accrued expenses and other liabilities 1,471 782
Deferred revenue 444,103 422,685
Deferred grants 106,933 109,034
Long-term non-recourse debt $ 172,020 $ 58,983
[1] The Company’s consolidated assets as of June 30, 2017 and December 31, 2016 include $2,379,224 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 June 30, 2017 and December 31, 2016 were $2,237,670 and $1,920,330, respectively; cash as of June 30, 2017 and December 31, 2016 were $108,039 and $120,728, respectively; restricted cash as of June 30, 2017 and December 31, 2016 were $3,574 and $1,680, respectively; accounts receivable, net as of June 30, 2017 and December 31, 2016 were $27,547 and $20,771, respectively; prepaid expenses and other current assets as of June 30, 2017 and December 31, 2016 were $235 and $242, respectively and other assets as of June 30, 2017 and December 31, 2016 were $2,159 and $1,481, respectively. The Company’s consolidated liabilities as of June 30, 2017 and December 31, 2016 include $762,273 and $617,011, respectively, in liabilities of VIEs whose creditors have no recourse to the Company. These liabilities include accounts payable as of June 30, 2017 and December 31, 2016 of $22,196 and $14,873, respectively; distributions payable to noncontrolling interests and redeemable noncontrolling interests as of June 30, 2017 and December 31, 2016 of $13,213 and $10,654, respectively; accrued expenses and other liabilities as of June 30, 2017 and December 31, 2016 of $1,471 and $782, respectively; deferred revenue as of June 30, 2017 and December 31, 2016 of $444,103 and $422,685, respectively; deferred grants as of June 30, 2017 and December 31, 2016 of $106,933 and $109,034, respectively; and long-term non-recourse debt as of June 30, 2017 and December 31, 2016 of $172,020 and $58,983, respectively.