Summary of Significant Accounting Policies (Tables)
|
12 Months Ended |
Dec. 31, 2016 |
|---|
| Accounting Policies [Abstract] |
|
| Schedule of Activity Related to Resale Value Guarantee Program |
Account activity related to our resale value guarantee and similar programs consisted of the following for the periods presented (in thousands):
|
|
|
Year ended December 31, |
|
|
|
|
2016 |
|
|
2015 |
|
|
Operating Lease Vehicles |
|
|
|
|
|
|
|
|
|
Operating lease vehicles—beginning of period |
|
$ |
1,556,529 |
|
|
$ |
684,590 |
|
|
Net increase in operating lease vehicles |
|
|
1,355,128 |
|
|
|
1,047,220 |
|
|
Depreciation expense recorded in cost of automotive
leasing revenues |
|
|
(255,167 |
) |
|
|
(130,355 |
) |
|
Additional depreciation expense recorded in cost of
automotive leasing revenues as a result of early
cancellation of resale value guarantee |
|
|
(13,495 |
) |
|
|
(21,487 |
) |
|
Additional depreciation expense recorded in cost of
automotive leasing revenues result of expiration |
|
|
(114,264 |
) |
|
|
— |
|
|
Increases to inventory from vehicles returned under our
trade- in program and exercises of resale value
guarantee |
|
|
(66,670 |
) |
|
|
(23,439 |
) |
|
Operating lease vehicles—end of period |
|
$ |
2,462,061 |
|
|
$ |
1,556,529 |
|
|
|
|
|
|
|
|
|
|
|
|
Deferred Revenue |
|
|
|
|
|
|
|
|
|
Deferred revenue—beginning of period |
|
$ |
679,132 |
|
|
$ |
381,096 |
|
|
Net increase in deferred revenue from new vehicle
deliveries and reclassification of collateralized
borrowing from long-term to short-term |
|
|
715,011 |
|
|
|
553,765 |
|
|
Amortization of deferred revenue and short-term
collateralized borrowing recorded in automotive
leasing revenue |
|
|
(457,113 |
) |
|
|
(229,624 |
) |
|
Additional revenue recorded in automotive leasing
revenue as a result of early cancellation of resale
value guarantee |
|
|
(5,192 |
) |
|
|
(12,352 |
) |
|
Recognition of deferred revenue resulting from return of
vehicle under trade-in program, expiration, and
exercises of resale value guarantee |
|
|
(15,186 |
) |
|
|
(13,753 |
) |
|
Deferred revenue—end of period |
|
$ |
916,652 |
|
|
$ |
679,132 |
|
|
|
|
|
|
|
|
|
|
|
|
Resale Value Guarantee |
|
|
|
|
|
|
|
|
|
Resale value guarantee liability—beginning of period |
|
$ |
1,430,573 |
|
|
$ |
487,880 |
|
|
Increase in resale value guarantee |
|
|
1,267,445 |
|
|
|
1,013,733 |
|
|
Reclassification from long-term to short-term
collateralized borrowing |
|
|
(116,078 |
) |
|
|
(29,612 |
) |
|
Additional revenue recorded in automotive leasing
revenue as a result of early cancellation of
resale value guarantee |
|
|
(16,543 |
) |
|
|
(11,042 |
) |
|
Release of resale value guarantee resulting from return
of vehicle under trade-in program and exercises |
|
|
(62,919 |
) |
|
|
(30,386 |
) |
|
Release of resale value guarantee resulting from
expiration of resale value guarantee |
|
|
(112,551 |
) |
|
|
— |
|
|
Resale value guarantee liability—end of period |
|
$ |
2,389,927 |
|
|
$ |
1,430,573 |
|
|
| Schedule of Potential Weighted Common Shares Outstanding that were Excluded from Computation of Basic and Diluted Net Loss per Share of Common Stock |
The following table presents the potential weighted common shares outstanding that were excluded from the computation of basic and diluted net loss per share of common stock attributable to common stockholders for the periods, related to the following securities:
|
|
|
Year Ended December 31, |
|
|
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
Employee share based awards |
|
|
12,091,473 |
|
|
|
15,592,736 |
|
|
|
14,729,749 |
|
|
Convertible senior notes |
|
|
841,191 |
|
|
|
2,431,265 |
|
|
|
2,344,998 |
|
|
Warrants issued May 2013 |
|
|
262,702 |
|
|
|
1,049,791 |
|
|
|
921,985 |
|
|
| Estimated Useful Lives of Respective Assets |
Depreciation and amortization is calculated using the straight-line method over the estimated useful lives of the respective assets as follows:
|
Solar energy systems leased to customers |
|
30 to 35 years |
|
Initial direct costs related to customer solar
energy system lease acquisition costs |
|
Lease term (20 years) |
|
| Schedule of Estimated Useful Lives of Related Assets |
Depreciation is generally computed using the straight-line method over the estimated useful lives of the related assets as follows:
|
Machinery, equipment, vehicles and office furniture |
|
2 to 12 years |
|
Building and building improvements |
|
20 to 30 years |
|
Computer equipment and software |
|
3 to 10 years |
|
| Schedule of Accrued Warranty Activity |
Accrued warranty activity consisted of the following for the periods presented (in thousands):
|
|
|
Year Ended December 31, |
|
|
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
Accrued warranty—beginning of period |
|
$ |
180,754 |
|
|
$ |
129,043 |
|
|
$ |
53,182 |
|
|
Assumed warranty liability from acquisition |
|
|
31,366 |
|
|
|
— |
|
|
|
— |
|
|
Warranty costs incurred |
|
|
(79,147 |
) |
|
|
(52,760 |
) |
|
|
(39,903 |
) |
|
Net changes in liability for pre-existing
warranties, including expirations and foreign exchange impact |
|
|
(20,084 |
) |
|
|
1,470 |
|
|
|
18,599 |
|
|
Provision for warranty |
|
|
153,766 |
|
|
|
103,001 |
|
|
|
97,165 |
|
|
Accrued warranty—end of period |
|
$ |
266,655 |
|
|
$ |
180,754 |
|
|
$ |
129,043 |
|
|