Schedule of Carrying Amounts and Classification of the VIEs' Assets and Liabilities Included in the Consolidated Balance Sheets |
The carrying amounts and classification of the VIEs’ assets and liabilities included in the consolidated balance sheets are as follows (in thousands): | | | | | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | Assets | | | | | Current assets | | | | | Cash | | $ | 307,111 | | | $ | 420,756 | | Restricted cash | | 52,629 | | | 57,892 | | Accounts receivable, net | | 108,631 | | | 92,259 | | Inventories | | 100,330 | | | 62,581 | | Prepaid expenses and other current assets | | 7,674 | | | 7,616 | | Total current assets | | 576,375 | | | 641,104 | | Solar energy systems, net | | 13,175,135 | | | 12,062,819 | | Other assets | | 708,236 | | | 586,293 | | Total assets | | $ | 14,459,746 | | | $ | 13,290,216 | | Liabilities | | | | | Current liabilities | | | | | Accounts payable | | $ | 6,988 | | | $ | 5,400 | | Distributions payable to noncontrolling interests and redeemable noncontrolling interests | | 40,720 | | | 41,465 | | Accrued expenses and other liabilities | | 47,553 | | | 42,997 | | Deferred revenue, current portion | | 69,370 | | | 62,278 | | | | | | | Non-recourse debt, current portion | | 86,636 | | | 60,292 | | Total current liabilities | | 251,267 | | | 212,432 | | Deferred revenue, net of current portion | | 854,201 | | | 764,576 | | | | | | | Non-recourse debt, net of current portion | | 1,320,975 | | | 1,347,492 | | Other liabilities | | 20,303 | | | 18,540 | | Total liabilities | | $ | 2,446,746 | | | $ | 2,343,040 | |
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