
	As of
(In thousands)	March 29, 2020		December 29, 2019
Accounts receivable, gross¹	$	266,884	$	247,258
Less: allowance for credit losses	(22,484)		(19,975)
Less: allowance for sales returns	(924)		(807)
Accounts receivable, net	$	243,476	$	226,476

¹There is a lien on our accounts receivable of $68.8 million out of our consolidated accounts receivable, gross, as of March 29, 2020 in connection with a Loan and Security Agreement entered into on March 29, 2019. See Note 10. Debt and Credit Sources.


	Three Months Ended
(In thousands)	March 29, 2020		March 31, 2019
Balance at beginning of period	$	19,975	$	16,906
Provision for credit losses	2,509		1,670
Charge offs, net of recoveries	—		(255)
Balance at end of period	$	22,484	$	18,321

In December 2018 and May 2019, we entered into factoring arrangements with two separate third-party factor agencies related to our accounts receivable from customers in Europe. As a result of these factoring arrangements, title of certain accounts receivable balances was transferred to third-party vendors, and both arrangements were accounted for as a sale of financial assets, under ASU 2014-11 Transfer and Servicing (Topic 860), given effective control over these financial assets has been surrendered. As a result, these financial assets have been excluded from our condensed consolidated balance sheets.

During the three months ended March 29, 2020 and March 31, 2019, we sold accounts receivable invoices amounting to $49.5 million and $20.9 million, respectively. As of March 29, 2020 and March 31, 2019, total uncollected accounts receivable from end customers under both arrangements were $24.3 million and $8.7 million, respectively. Transaction fees incurred for these arrangements were not material during the three months ended March 29, 2020 and March 31, 2019.


	As of
(In thousands)	March 29, 2020		December 29, 2019
Raw materials	$	64,164	$	54,936
Work-in-process	64,466		62,993
Finished goods	263,170		240,328
Inventories^{1 2}	$	391,800	$	358,257

¹A lien of $132.4 million exists on our gross inventory as of March 29, 2020 in connection with a Loan and Security Agreement entered into on March 29, 2019. See Note 10. Debt and Credit Sources.


	As of
(In thousands)	March 29, 2020		December 29, 2019
Deferred project costs	$	26,850	$	29,652
VAT receivables, current portion	5,543		7,986
Deferred costs for solar power systems	23,805		29,631
Derivative financial instruments	2,776		1,002
Other receivables	28,216		37,140
Prepaid taxes	395		718
Other current assets	191		411
Other prepaid expenses	16,859		14,704
Prepaid expenses and other current assets	$	104,635	$	121,244


	As of
(In thousands)	March 29, 2020		December 29, 2019
Manufacturing equipment	$	144,663	$	144,614
Land and buildings	137,723		137,723
Leasehold improvements	105,552		103,393
Solar power systems	31,352		30,518
Computer equipment	94,016		93,312
Furniture and fixtures	9,468		9,471
Construction-in-process	14,526		15,730
Property, plant and equipment, gross	537,300		534,761
Less: accumulated depreciation	(225,108)		(211,035)
Property, plant and equipment, net	$	312,192	$	323,726


	As of
(In thousands)	March 29, 2020		December 29, 2019
United States	$	54,462	$	56,507
Philippines	88,934		92,598
Malaysia	140,887		145,246
Mexico	17,843		18,862
Europe	10,037		10,469
Other	29		44
Property, plant and equipment, net, by geography¹	$	312,192	$	323,726


	As of
(In thousands)	March 29, 2020		December 29, 2019
Equity investments with readily determinable fair value	$	178,090	$	173,908
Equity investments without readily determinable fair value	7,481		8,661
Equity investments with fair value option	17,500		17,500
Equity method investments	27,193		26,533
Long-term inventory¹	56,726		48,214
Other	51,848		56,039
Other long-term assets	$	338,838	$	330,855

¹ Entire balance consists of finished goods under the safe harbor program. Refer to Note 9. Equity Investments for details.


	As of
(In thousands)	March 29, 2020		December 29, 2019
Employee compensation and employee benefits	$	24,543	$	47,901

Interest payable	8,175		10,161
Short-term warranty reserves	28,477		30,979
Restructuring reserve	6,704		6,601
VAT payables	8,528		6,393
Derivative financial instruments	2,654		1,962
Legal expenses	13,828		13,111
Taxes payable	26,666		32,191
Liability due to supply agreement	28,665		28,031
Other	17,623		26,560
Accrued liabilities	$	165,863	$	203,890


	As of
(In thousands)	March 29, 2020		December 29, 2019
Deferred revenue¹	$	39,334	$	40,246
Long-term warranty reserves	104,742		107,466

Unrecognized tax benefits	18,789		20,067
Long-term pension liability	6,284		5,897
Derivative financial instruments	595		373

Other	30,250		30,251
Other long-term liabilities	$	199,994	$	204,300

¹Consists of advance consideration received from customers under the residential lease program for leases entered into prior to December 31, 2018, which continue to be accounted for in accordance with the superseded lease accounting guidance.


	As of
(In thousands)	March 29, 2020		December 29, 2019
Cumulative translation adjustment	$	(13,025)	$	(12,250)
Net unrealized gain (loss) on derivative financial instruments	450		(1,238)
Net gain on long-term pension liability obligation	3,927		3,976
Deferred taxes	(141)		—
Accumulated other comprehensive loss	$	(8,789)	$	(9,512)