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Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Common stock, par value $ 0.01 $ 0.01
Common stock, shares authorized 1,000,000,000 1,000,000,000
Common stock, shares issued 110,245,000 106,576,000
Common stock, shares outstanding 110,245,000 106,576,000
Total assets [1] $ 2,126,356 $ 1,609,070
Solar energy systems, net 1,458,355 1,102,157
Cash and cash equivalents 96,586 92,213
Accounts receivable, net 12,658 3,636
Prepaid expenses and other current assets 46,683 17,078
Total liabilities [1] 1,329,846 830,277
Distributions payable to non-controlling interests and redeemable non-controlling interests 16,176 11,347
Accrued and other current liabilities 19,364 29,017
Other non-current liabilities 10,355 28,565
Variable Interest Entities    
Total assets 1,303,503 1,005,825
Solar energy systems, net 1,273,813 990,609
Cash and cash equivalents 23,190 12,014
Accounts receivable, net 3,958 3,063
Prepaid expenses and other current assets 761 121
Total liabilities 64,193 66,417
Distributions payable to non-controlling interests and redeemable non-controlling interests 16,176 11,347
Deferred revenue 41,700 47,900
Accrued and other current liabilities 4,458 3,869
Other non-current liabilities $ 1,875 $ 3,283
[1] The Company’s consolidated assets as of December 31, 2016 and 2015 include $1,303.5 million and $1,005.8 million consisting of assets of variable interest entities, or VIEs, that can only be used to settle obligations of the VIEs. These assets include solar energy systems, net, of $1,273.8 million and $990.6 million as of December 31, 2016 and 2015; cash and cash equivalents of $23.2 million and $12.0 million as of December 31, 2016 and 2015; accounts receivable, net, of $4.0 million and $3.1 million as of December 31, 2016 and 2015; and prepaid expenses and other current assets of $0.8 million and $0.1 million as of December 31, 2016 and 2015. The Company’s consolidated liabilities as of December 31, 2016 and 2015 included $64.2 million and $66.4 million of liabilities of VIEs whose creditors have no recourse to the Company. These liabilities include distributions payable to non-controlling interests and redeemable non-controlling interests of $16.2 million and $11.3 million as of December 31, 2016 and 2015; deferred revenue of $41.7 million and $47.9 million as of December 31, 2016 and 2015; accrued and other current liabilities of $4.5 million and $3.9 million as of December 31, 2016 and 2015; and other non-current liabilities of $1.9 million and $3.3 million as of December 31, 2016 and 2015. For further information see Note 13—Investment Funds.