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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Jan. 01, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Current assets:                  
Cash and cash equivalents $ 202,823 [1] $ 226,499 $ 308,009 $ 320,414 $ 220,728 $ 220,728 [1] $ 395,516 $ 91,596 $ 88,227
Restricted cash 30,804 [1] 14,486 23,706 18,419 28,657 28,657 [1] 17,931 25,860 22,998
Short-term investments 0       104,350 104,350 4,494 15,703 20,138
Accounts receivable 37,828 [1] 26,353 40,038 85,647 89,779 88,784 [1] 45,261 40,442 61,996
Inventories 109,606 132,607 106,889 119,871 135,265 135,265 137,778 129,284 94,032
Deferred cost of revenue 58,470 41,042 80,307 52,911 43,809 43,809 45,183 35,654 43,415
Customer financing receivable 5,108 [1] 5,919 5,817 5,717 5,594 5,594 [1] 5,496 5,398 5,303
Prepaid expense and other current assets 28,068 [1] 28,642 26,483 30,073 36,887 36,747 [1] 36,499 24,820 28,944
Total current assets 472,707 475,548 591,249 633,052 665,069 663,934 688,158 368,757 365,053
Property, plant and equipment, net 607,059 [1] 627,385 641,259 711,631 716,751 716,751 [1] 698,123 697,344 702,228
Customer financing receivable, non-current 50,747 [1] 62,615 64,146 65,620 67,082 67,082 [1] 68,535 69,963 71,337
Restricted cash, non-current 143,761 [1] 116,890 39,351 31,101 31,100 31,100 [1] 30,779 32,416 32,367
Deferred cost of revenue, non-current 6,665 3,724 3,846 1,933 45 45 45 60 53
Other long-term assets 41,652 [1] 70,951 72,836 45,447 45,354 42,882 [1] 44,397 45,241 43,179
Total assets 1,322,591 1,357,113 1,412,687 1,488,784 1,525,401 1,521,794 1,530,037 1,213,781 1,214,217
Current liabilities:                  
Accounts payable 55,579 [1] 81,060 61,427 64,425 66,889 66,889 [1] 59,818 53,798 47,755
Accrued warranty 10,333 12,862 10,240 14,237 16,936 17,968 17,312 14,287 16,394
Accrued other current liabilities 70,284 [1] 79,616 105,393 64,073 66,838 66,838 [1] 63,986 49,932 53,654
Deferred revenue and customer deposits [1] 89,192       72,285 67,632      
Financing obligations 10,993 77,551 118,738 75,069 8,128 8,128 72,738 66,054 71,486
Current portion of recourse debt 304,627 15,678 15,681 15,683 8,686 8,686 1,686 10,351 6,017
Current portion of non-recourse debt 8,273 [1] 7,983 7,654 19,486 18,962 18,962 [1] 18,499 18,025 17,583
Current portion of recourse debt from related parties 20,801         0      
Current portion of non-recourse debt from related parties 3,882 [1] 3,500 2,889 2,341 2,200 2,200 [1] 1,737 1,630 1,525
Total current liabilities 573,964 288,670 332,049 264,133 260,924 257,303 243,556 220,869 220,970
Derivative liabilities 17,551 [1] 20,284 18,175 15,722 14,143 14,143 [1] 13,658 192,416 168,071
Deferred revenue and customer deposits, net of current portion 125,529 [1] 122,276 110,750 103,751 105,290 87,308 [1] 89,204 88,630 89,501
Financing obligations, non-current 446,165 397,272 400,078 394,037 385,650 385,650 375,254 356,727 321,682
Long-term portion of recourse debt 75,962 359,959 362,424 357,876 360,339 360,339 358,363 524,934 517,483
Long-term portion of non-recourse debt 192,180 [1] 217,334 219,182 284,541 289,241 289,241 [1] 293,593 298,048 302,345
Long-term portion of recourse debt from related parties 0 27,734 27,734 27,734 27,734 27,734 32,168 72,087 70,202
Long-term portion of non-recourse debt from related parties 31,087 [1] 31,781 32,643 33,417 34,119 34,119 [1] 34,765 35,054 35,312
Other long-term liabilities 28,013 28,852 29,979 28,970 26,196 26,196 18,437 21,564 21,753
Total liabilities 1,490,451 1,494,162 1,533,014 1,510,181 1,503,636 1,482,033 1,458,998 1,812,698 1,753,873
Commitments and contingencies (Note 14)              
Redeemable noncontrolling interest 443 557 505 58,802 57,261 57,261 56,446 54,940 58,176
Stockholders’ deficit:                  
Common stock: $0.0001 par value; Class A shares, 600,000,000 shares authorized at both December 31, 2019 and 2018, and 84,549,511 shares and 20,868,286 shares issued and outstanding at December 31, 2019 and 2018, respectively; Class B shares, 600,000,000 shares authorized at both December 31, 2019 and 2018, and 36,486,778 shares and 88,552,897 shares issued and outstanding at December 31, 2019 and 2018, respectively. 12 12 11 11 11 11 11 1 1
Additional paid-in capital 2,686,759 2,647,874 2,604,034 2,552,011 2,481,352 2,481,352 2,388,116 166,805 158,605
Accumulated other comprehensive income 19 (147) (148) 5 131 131 272 217 117
Accumulated deficit (2,946,384) (2,880,551) (2,828,801) (2,746,890) (2,642,100) (2,624,104) (2,508,655) (2,428,154) (2,372,155)
Total stockholders’ deficit (259,594) (232,812) (224,904) (194,863) (160,606) (142,610) (120,256) (2,261,131) (2,213,432)
Noncontrolling interest 91,291 95,206 104,072 114,664 125,110 125,110 134,849 141,433 149,759
Total liabilities, redeemable noncontrolling interest, stockholders' deficit and noncontrolling interest $ 1,322,591 $ 1,357,113 $ 1,412,687 $ 1,488,784 $ 1,525,401 $ 1,521,794 $ 1,530,037 $ 1,213,781 $ 1,214,217
[1] We have variable interest entities which represent a portion of the consolidated balances are recorded within these financial statement line items in the Consolidated Balance Sheets (see Note 13, Power Purchase Agreement Programs).