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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents ($5,295 and $9,549) $ 220,728 $ 103,828
Restricted cash ($2,917 and $7,969) 28,657 44,387
Short-term investments 104,350 26,816
Accounts receivable ($7,516 and $7,680) 84,887 30,317
Inventories 132,476 90,260
Deferred cost of revenue 62,147 92,488
Customer financing receivable ($5,594 and $5,209) 5,594 5,209
Prepaid expense and other current assets ($4,909 and $6,365) 33,742 26,676
Total current assets 672,581 419,981
Property, plant and equipment, net ($399,060 and $430,464) 481,414 497,789
Customer financing receivable, non-current ($67,082 and $72,677) 67,082 72,677
Restricted cash ($27,854 and $26,748) 31,100 32,397
Deferred cost of revenue, non-current 102,699 160,683
Other long-term assets ($2,692 and $3,767) 34,792 37,460
Total assets 1,389,668 1,220,987
Current liabilities:    
Accounts payable ($724 and $520) 66,889 48,582
Accrued warranty 19,236 16,811
Accrued other current liabilities ($1,442 and $2,378) 69,535 67,649
Deferred revenue and customer deposits ($786 and $786) 94,158 118,106
Current portion of recourse debt 8,686 1,691
Current portion of non-recourse debt ($18,962 and $17,057) 18,962 17,056
Current portion of recourse debt from related parties 0 0
Current portion of non-recourse debt from related parties ($2,200 and $1,389) 2,200 1,389
Total current liabilities 279,666 271,284
Preferred stock warrant liabilities 0 9,825
Derivative liabilities ($3,626 and $5,060) 10,128 156,552
Deferred revenue and customer deposits ($8,696 and $9,482) 241,794 309,843
Long-term portion of recourse debt 360,339 509,056
Long-term portion of non-recourse debt ($289,241 and $306,499) 289,241 306,499
Long-term portion of recourse debt from related parties 27,734 70,099
Long-term portion of non-recourse debt from related parties ($34,119 and $35,551) 34,119 35,551
Other long-term liabilities ($1,798 and $1,226) 55,937 52,915
Total liabilities 1,298,958 1,721,624
Commitments and contingencies (Note 13)
Redeemable noncontrolling interest 57,261 58,154
Convertible redeemable preferred stock: 80,461,552 shares authorized at December 31, 2018 and December 31, 2017; no shares and 71,740,162 shares issued and outstanding at December 31, 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 December 31, 2018 and December 31, 2017, respectively, and 20,868,286 shares and no shares issued and outstanding at December 31, 2018 and December 31, 2017, respectively; Class B shares, 400,000,000 shares and no shares authorized at December 31, 2018 and December 31, 2017, respectively, and 88,552,897 shares and no shares issued and outstanding at December 31, 2018 and December 31, 2017, respectively. 11 1
Additional paid-in capital 2,480,597 150,804
Accumulated other comprehensive gain (loss) 131 (162)
Accumulated deficit (2,572,400) (2,330,647)
Total stockholders’ deficit (91,661) (2,180,004)
Noncontrolling interest 125,110 155,372
Total liabilities, redeemable noncontrolling interest, convertible redeemable preferred stock, stockholders' deficit and noncontrolling interest $ 1,389,668 $ 1,220,987