Balance Sheet Components (Tables)

3 Months Ended

Feb. 28, 2018

Balance Sheet Related Disclosures [Abstract]

The Partnership’s net investment in sales-type leases presented in “Accounts receivable and short-term financing receivables, net” and “Long-term financing receivables, net” on the unaudited condensed consolidated balance sheets is as follows:



	As of
(in thousands)	February 28, 2018			November 30, 2017
Minimum lease payment receivable, net (1)	$	91,109		$	93,161
Unguaranteed residual value	12,712			12,774
Less: unearned income	(26,318		)	(27,178		)
Net financing receivables	$	77,503		$	78,757
Short-term financing receivables, net (2)	$	2,599		$	2,556
Long-term financing receivables, net	$	74,904		$	76,201


(1)	Allowance for losses on financing receivables was $0.8 million and $0.7 million as of February 28, 2018 and November 30, 2017, respectively.


(2)	Accounts receivable and short-term financing receivables, net on the unaudited condensed consolidated balance sheets includes other trade accounts receivable of $3.2 million and $3.0 million as of February 28, 2018 and November 30, 2017, respectively.

Schedule of Current and Non-Current Assets



	As of
(in thousands)	February 28, 2018			November 30, 2017
Prepaid expense and other current assets
Reimbursable network upgrade costs (1)	$	12,115		$	13,294
Derivative financial instruments	1,590			1,603
Other current assets	2,193			2,093
Total	$	15,898		$	16,990
Property and equipment, net
Utility solar power systems	$	636,495		$	636,495
Leased solar power systems	136,956			137,052
Land	1,020			1,020
	774,471			774,567
Less: accumulated depreciation	(68,194		)	(61,283		)
Total	$	706,277		$	713,284
Other long-term assets
Reimbursable network upgrade costs (1)	$	12,376		$	14,047
Intangible assets (2)	1,218			1,325
Total	$	13,594		$	15,372


(1)	For the Kingbird Project and the Quinto Project, the construction costs related to the network upgrade of a transmission grid belonging to a utility company are reimbursable by that utility company over five years from the date the project reached commercial operation.


(2)	Intangible assets represent a customer contract intangible that is amortized on a straight-line basis beginning on COD through the contract term end date of December 31, 2020. Operating revenues were reduced by $0.1 million in each of the three months ended February 28, 2018 and February 28, 2017.

Schedule of Current Liabilities



	As of
(in thousands)	February 28, 2018		November 30, 2017
Accounts payable and other current liabilities
Trade and accrued accounts payable	$	2,332	$	2,044
Related party payable	453		1,047
Other short-term liabilities	1,055		1,303
Total	$	3,840	$	4,394