XML 58 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 842,753 $ 901,294
Marketable securities 168,993 102,578
Accounts receivable trade, net 279,131 553,567
Accounts receivable, unbilled and retainage 480,131 400,987
Inventories 388,509 434,921
Balance of systems parts 135,374 98,903
Deferred project costs 617,540 21,390
Deferred tax assets, net 41,456 44,070
Assets held for sale 49,521 49,521
Note receivable affiliate 0 17,725
Prepaid expenses and other current assets 106,518 207,368
Total current assets 3,109,926 2,832,324
Property, plant and equipment, net 1,553,205 1,525,382
Deferred project costs and project assets 573,901 845,478
Deferred tax assets, net 321,420 317,473
Restricted cash and investments 286,325 301,400
Goodwill 68,833 65,444
Inventories 133,264 [1] 134,375 [1]
Retainage 188,681 270,364
Other assets 58,870 56,452
Total assets 6,294,425 6,348,692
Current liabilities:    
Accounts payable 209,019 350,230
Income taxes payable 2,068 5,474
Accrued expenses 430,503 554,433
Current portion of long-term debt 61,106 62,349
Deferred revenue 2,614 2,056
Payments and Billings For Deferred Project Costs, current 778,651 94,535
Other current liabilities 49,480 32,297
Total current liabilities 1,533,441 1,101,374
Accrued solar module collection and recycling liability 228,779 212,835
Long-term debt 501,111 500,223
Payments and billings for deferred project costs, noncurrent 25,746 636,518
Other liabilities 331,366 292,216
Total liabilities 2,620,443 2,743,166
Commitments and contingencies      
Stockholders' equity:    
Common stock, $0.001 par value per share; 500,000,000 shares authorized; 87,624,484 and 87,145,323 shares issued and outstanding at March 31, 2013 and December 31, 2012, respectively 88 87
Additional paid-in capital 2,094,104 2,065,527
Accumulated earnings 1,588,875 1,529,733
Accumulated other comprehensive (loss) income (9,085) 10,179
Total stockholders' equity 3,673,982 3,605,526
Total liabilities and stockholders' equity $ 6,294,425 $ 6,348,692
[1] We purchase a critical raw material that is used in our core production process in quantities that exceed anticipated consumption within our operating cycle (which is 12 months). We classify the raw materials that we do not expect to be consumed within our operating cycle as noncurrent. We regularly review the cost of inventories, including noncurrent inventories, against their estimated market value and record a lower of cost or market write-down if any inventories have a cost in excess of their estimated market value as defined by ASC 330, Inventories. We also regularly evaluate the quantities and values of our inventories, including noncurrent inventories, in light of current market conditions and market trends and record write-downs for any quantities in excess of demand and for any new obsolescence.