VIVINT SOLAR, INC. VSLR Balance Sheet

Vivint solar, inc. (VSLR)

Balance Sheet / Yearly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Dec'13
ASSETS
Current assets:
Cash and cash equivalents
131	166	260	198	213	219	188	174	78	108	101	115	150	96	113	69	87	92	81	152	194	261	66	6
Accounts receivable, net
25	24	27	28	19	14	19	24	18	19	29	21	17	12	12	11	7	3	5	5	3	1	2	0
Inventories
14	20	13	13	11	13	15	13	15	22	19	16	13	11	6	3	1	0	0	0	0	0	0	-
Prepaid expenses and other current assets
33	41	31	30	29	31	24	25	22	34	29	26	20	46	19	16	20	17	20	20	19	16	16	5
Total current assets
205	252	333	270	274	278	248	237	134	184	180	179	201	167	151	101	115	113	108	178	218	281	86	12
Restricted cash and cash equivalents
94	89	83	78	75	71	68	66	47	46	45	43	46	26	23	19	17	15	13	12	12	6	6	5
Solar energy systems, net
1,854	1,759	1,696	1,637	1,590	1,938	1,858	1,784	1,727	1,673	1,622	1,567	1,514	1,458	1,389	1,303	1,200	1,102	986	848	708	588	467	188
Property and equipment, net
20	17	14	12	10	10	11	12	13	15	17	18	20	23	26	28	51	48	34	24	16	13	11	3
Intangible assets, net
-	-	-	-	-	-	0	0	0	-	1	1	1	1	1	1	2	2	4	6	10	18	22	27
Goodwill
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36	36	36	36	36	36	29
Prepaid tax asset, net
-	-	-	-	-	-	-	-	-	505	482	462	443	419	399	364	319	277	247	199	148	111	76	30
Other non-current assets, net
683	680	567	510	478	28	28	28	41	38	36	38	36	29	15	15	14	14	9	9	10	8	17	0
TOTAL ASSETS
2,858	2,799	2,695	2,510	2,428	2,327	2,216	2,129	1,965	2,463	2,386	2,311	2,264	2,126	2,007	1,835	1,721	1,609	1,441	1,315	1,160	1,064	724	297
LIABILITIES, REDEEMABLE NON-CONTROLLING INTERESTS AND EQUITY
Current liabilities:
Accounts payable
52	59	48	40	38	45	44	44	40	40	42	38	38	46	48	54	47	49	87	79	64	51	54	25
Accounts payablerelated party
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	1	1	1	1	2	0	3
Distributions payable to non-controlling interests and redeemable non-controlling interests
7	10	17	11	6	7	11	10	7	16	11	9	5	16	16	9	4	11	8	5	7	6	3	1
Accrued compensation
28	34	40	24	21	25	25	18	19	20	23	18	18	20	24	19	19	13	21	26	17	16	15	15
Current portion of long-term debt
24	16	144	144	147	12	10	10	13	13	13	12	12	6	-	-	-	-	-	-	-	-	-	-
Current portion of deferred revenue
24	40	28	28	26	30	25	22	24	41	32	27	23	19	14	11	8	4	0	0	0	0	0	0
Current portion of finance lease obligation
2	2	1	1	0	1	2	2	3	4	4	4	4	5	5	5	5	5	5	4	3	3	2	1
Accrued and other current liabilities
72	78	70	53	49	42	37	26	25	29	25	24	27	19	27	32	28	29	34	25	35	14	21	10
Total current liabilities
212	241	351	303	291	166	157	133	135	167	153	136	131	133	137	133	115	116	158	143	129	94	98	57
Revolving lines of creditrelated party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	58	41
Long-term debt, net of current portion
1,548	1,483	1,282	1,181	1,123	1,203	1,143	1,110	959	925	882	854	852	750	675	550	500	415	253	208	122	105	87	-
Deferred revenue, net of current portion
20	17	16	15	14	13	12	12	11	29	33	33	33	34	36	37	41	43	30	7	5	4	2	1
Finance lease obligation, net of current portion
6	6	4	2	0	0	0	0	1	1	2	3	4	5	6	7	9	10	9	7	6	6	5	2
Deferred tax liability, net
604	583	539	490	463	437	413	385	356	342	491	458	430	395	341	299	260	216	193	168	130	112	88	41
Other non-current liabilities
137	74	81	76	66	24	12	16	12	13	13	13	12	10	9	9	30	28	15	-	-	-	-	-
Build-to-suit lease liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	2	-	-	-
Total liabilities
2,529	2,406	2,275	2,071	1,960	1,845	1,740	1,659	1,477	1,480	1,577	1,500	1,464	1,329	1,208	1,039	956	830	660	542	397	322	340	143
Commitments and contingencies (Note 19)
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Redeemable non-controlling interests
116	115	118	118	118	119	121	122	130	122	127	132	128	129	137	150	156	169	171	153	131	128	122	73
Stockholders’ equity:
Common stock, $0.01 par value—1,000,000 shares authorized, 124,670 shares issued and outstanding as of March 31, 2020; 1,000,000 shares authorized, 123,056 shares issued and outstanding as of December 31, 2019
1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	0	0
Additional paid-in capital
596	591	586	582	577	574	570	567	562	559	554	551	548	542	538	532	531	530	528	525	505	502	199	75
Accumulated other comprehensive loss
-39	-20	-24	-18	-11	-7	0	-3	13	6	6	6	7	7	0	-	-	-	-	-	-	-	-	-
Accumulated deficit
-422	-381	-348	-334	-306	-279	-266	-258	-277	213	29	22	17	5	-14	-31	-43	-12	0	-0	-13	-25	-19	3
Total stockholders’ equity
135	190	214	229	261	288	305	306	300	780	590	581	574	556	524	502	488	518	529	526	492	477	180	78
Non-controlling interests
76	86	86	90	88	73	49	40	57	80	90	96	97	110	136	143	119	90	79	93	138	135	80	1
Total equity
212	277	301	320	349	362	354	347	358	861	680	678	671	666	661	645	608	609	609	619	631	613	260	80
TOTAL LIABILITIES, REDEEMABLE NON-CONTROLLING INTERESTS AND EQUITY
2,858	2,799	2,695	2,510	2,428	2,327	2,216	2,129	1,965	2,463	2,386	2,311	2,264	2,126	2,007	1,835	1,721	1,609	1,441	1,315	1,160	1,064	724	297