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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents ($5,496 and $9,549, respectively) $ 395,516 $ 103,828
Restricted cash ($3,252 and $7,969, respectively) 17,931 44,387
Short-term investments 4,494 26,816
Accounts receivable ($7,377 and $7,680, respectively) 41,485 30,317
Inventories, net 134,725 90,260
Deferred cost of revenue 66,009 92,488
Customer financing receivable ($5,496 and $5,209, respectively) 5,496 5,209
Prepaid expense and other current assets ($5,727 and $6,365, respectively) 32,876 26,676
Total current assets 698,532 419,981
Property, plant and equipment, net ($406,784 and $430,464, respectively) 471,074 497,789
Customer financing receivable, non-current ($68,535 and $72,677, respectively) 68,535 72,677
Restricted cash ($27,778 and $26,748, respectively) 30,779 32,397
Deferred cost of revenue, non-current 139,217 160,683
Other long-term assets ($4,702 and $3,767, respectively) 37,008 37,460
Total assets 1,445,145 1,220,987
Current liabilities    
Accounts payable ($549 and $520, respectively) 59,818 48,582
Accrued warranty 17,975 16,811
Accrued other current liabilities ($1,145 and $2,378, respectively) 66,873 67,649
Deferred revenue and customer deposits ($786 and $786, respectively) 105,265 118,106
Current portion of debt ($18,498 and $18,446, respectively) 20,185 18,747
Current portion of debt from related parties ($1,737 and $1,389, respectively) 1,737 1,389
Total current liabilities 271,853 271,284
Preferred stock and warrant liabilities 0 9,825
Derivative liabilities ($1,826 and $5,060, respectively) 9,441 156,552
Deferred revenue and customer deposits ($8,894 and $9,482, respectively) 290,481 309,843
Long-term portion of debt ($293,593 and $306,499, respectively) 651,956 815,555
Long-term portion of debt from related parties ($34,765 and $35,551, respectively) 66,933 105,650
Other long-term liabilities ($1,656 and $1,226, respectively) 48,161 52,915
Total liabilities 1,338,825 1,721,624
Commitments and contingencies (Note 13)
Redeemable noncontrolling interest 56,446 58,154
Convertible redeemable preferred stock: 80,461,552 shares authorized at September 30, 2018 and December 31, 2017; no shares and 71,740,162 shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively. Aggregate liquidation preference of $1,441,757 at December 31, 2017. 0 1,465,841
Stockholders’ deficit    
Common stock: $0.0001 par value; Class A shares, 400,000,000 shares and no shares authorized at September 30, 2018 and December 31, 2017, respectively, and 20,865,308 shares and no shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively; Class B shares, 400,000,000 shares and no shares authorized at September 30, 2018 and December 31, 2017, respectively, and 88,534,989 shares and no shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively. 11 1
Additional paid-in capital 2,387,361 150,804
Accumulated other comprehensive income (loss) 272 (162)
Accumulated deficit (2,472,619) (2,330,647)
Total stockholders’ deficit (84,975) (2,180,004)
Noncontrolling interest 134,849 155,372
Total equity (deficit) 106,320 (1,966,478)
Total liabilities, convertible redeemable preferred stock and equity (deficit) $ 1,445,145 $ 1,220,987