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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents ($9,691 and $9,549, respectively) $ 91,596 $ 103,828
Restricted cash ($4,735 and $7,969, respectively) 25,860 44,387
Short-term investments 15,703 26,816
Accounts receivable ($7,293 and $7,680, respectively) 36,804 30,317
Inventories, net 136,433 90,260
Deferred cost of revenue 55,476 92,488
Customer financing receivable ($5,398 and $5,209, respectively) 5,398 5,209
Prepaid expense and other current assets ($1,802 and $6,365, respectively) 23,003 26,676
Total current assets 390,273 419,981
Property, plant and equipment, net ($414,684 and $430,464, respectively) 477,765 497,789
Customer financing receivable, non-current ($69,963 and $72,677, respectively) 69,963 72,677
Restricted cash ($27,604 and $26,748, respectively) 32,416 32,397
Deferred cost of revenue, non-current 148,934 160,683
Other long-term assets ($4,423 and $3,767, respectively) 38,386 37,460
Total assets 1,157,737 1,220,987
Current liabilities    
Accounts payable ($482 and $520, respectively) 53,798 48,582
Accrued warranty 14,928 16,811
Accrued other current liabilities ($1,569 and $2,378, respectively) 54,832 67,649
Deferred revenue and customer deposits ($786 and $786, respectively) 94,582 118,106
Current portion of debt ($19,655 and $17,057, respectively) 28,376 18,747
Current portion of debt from related parties ($1,630 and $1,389, respectively) 1,630 1,389
Total current liabilities 248,146 271,284
Preferred stock warrant liabilities 2,369 9,825
Derivative liabilities ($2,528 and $5,060, respectively) 188,199 156,552
Deferred revenue and customer deposits ($9,092 and $9,482, respectively) 301,550 309,843
Long-term portion of debt ($333,102 and $342,050, respectively) 822,982 815,555
Long-term portion of debt from related parties ($39,671 and $35,551, respectively) 107,141 105,650
Other long-term liabilities ($1,514 and $1,226, respectively) 52,153 52,915
Total liabilities 1,722,540 1,721,624
Commitments and contingencies (Note 13)
Redeemable noncontrolling interest 54,940 58,154
Convertible redeemable preferred stock: 80,461,609 shares authorized at June 30, 2018 and December 31, 2017; 71,740,162 shares issued and outstanding at June 30, 2018 and December 31, 2017. Aggregate liquidation preference of $1,441,757,000 at June 30, 2018 and December 31, 2017. 1,465,841 1,465,841
Stockholders’ deficit    
Common stock: $0.0001 par value; 113,333,333 shares authorized at June 30, 2018 and December 31, 2017; 10,570,841 and 10,353,269 shares issued and outstanding at June 30, 2018 and December 31, 2017. 1 1
Additional paid-in capital 166,805 150,804
Accumulated other comprehensive income (loss) 217 (162)
Accumulated deficit (2,394,040) (2,330,647)
Total stockholders’ deficit (2,227,017) (2,180,004)
Noncontrolling interest 141,433 155,372
Total deficit (2,030,644) (1,966,478)
Total liabilities, convertible redeemable preferred stock and deficit $ 1,157,737 $ 1,220,987