Provide a carefully constructed narrative reply to each of the following

requirements. You may consider using internet resources beyond your textbook
to gather supporting information. Identify several different career paths that
one might consider as an accounting professional.

(a) Define accounting, and define generally accepted accounting principles

(GAAP).

(b) Identify several different career paths that one might consider as an
accounting professional.

(c) What is ethical behavior, and why is it very important to the accounting
profession? What challenges might arise that cause an otherwise "good
person" to engage in unethical behavior?
Financial statements are typically prepared for a specific entity, or circumscribed area of
accountability. There are a variety of legal forms of entities.
(a) What is the fundamental accounting equation, and how does the legal form of entity
impact the basic+equation?
Assets =Liabilities Owners' Equity; It doesn't

(b) What three entity forms were broadly identified in the textbook? How does the entity
form influenceC-Corp
Sole proprietor, the reporting of assets, liabilities, and equity?
and Partnership

(c) Conduct internet research into other forms of entities (LLP, LLC, etc.). Why are there so
many differentlegal
Lots of different types of entities,
entities and does
(lots of different thisexist.
states) newly discovered
There information
are also different change
entity rules from tax
ed area of

egal form of entity

How does the entity

tc.). Why are there so

nformation change
ferent entity rules from taxing authorities.
the year ending December 31, 20X5. The following information is all that is available. Be sure
to prepare proper headings and dates on each financial statement.

BISCEGLIA COMPANY
Trial Balance
12/31/x5
Capital Balance Dr. Cr.
Owners' equity stock
Wage $41,000 $41,000
Expense expense 37,000 37,000
Revenue Revenue 90,000 90,000
Asset Cash
Utilities 9,000 9,000
Expense expense
retained 6,000 6,000
Owners' equity earnings
Rent 11,000 11,000
Expense expense
Accounts 10,000 10,000
Liability payable 4,000 4,000
Asset Equipment 80,000 80,000
Dividend Dividends
Accounts 5,000 5,000
Asset receivable
Notes 19,000 19,000
Liability payable 20,000 20,000
Total 166,000 166,000
Total

BISCEGLIA COMPANY
Income Statement
For the year ended 12/31/x5

Revenues
Revenue $ 90,000 100.00%
Expenses
Wage
expense
Utilities 37,000
expense
Rent 6,000
expense 10,000 53,000
Net Income $ 37,000 41.11%

BISCEGLIA COMPANY
Statement of Retained Earnings
For the year ended 12/31/x5

Beginning retained
earnings $11,000
Add Net Income 37,000
Earnings available to share 48,000
Less Dividends 5,000
Ending retained earnings $ 43,000

BISCEGLIA COMPANY
Balance Sheet
12/31/x5

Assets
Cash
Accounts 9,000
receivable 19,000
Equipment 80,000
Total assets $ 108,000 current assets
current liabilite
Liabilities
Accounts
payable
Notes $ 4,000
payable 20,000
Stockholders' equity
Capital sto $
retained 41,000
earnings 43,000
Total stockholders' equity 84,000
Total liabilities and equity $ 108,000
is available. Be sure
28,000 current ratio
24,000 1.166666667
issued during the 4-year period. The company's 20X4 dividends
were equal to 50% of the 20X4 net income. 20X1 20X2

Revenues, $ 90,000 Revenue 90,000

20X2
Dividends, 15,000 Expenses 44,000
20X3
Total 210,000 Net Income 51,000 46,000
equity,
Total 220,000 Beginning Retained
liabilities,
Retained 41,000 earnings 0 41,000
earnings,
Expenses, 44,000 Add Net Income 51,000 46,000
20X2
Retained 80,000 Sub Total 51,000 87,000
earnings,
Dividends, 10,000 Less Dividends 10,000 7,000
20X1
Total 500,000 Ending Retained earnings 41,000 80,000
assets,
Increase in 50,000
liabilities, Assets
Liabilities
Beginning Capital stock 0 100,000
Add stock sales 100,000 0
Ending Capital stock 100,000 100,000
Ending Retained earnings 41,000 80,000
Owners' Equity + Owners'
Total Liabilities 141,000 180,000
Equity 141,000 180,000
20X3 20X4

45,000 40,000

80,000 110,000
45,000 40,000
125,000 150,000
15,000 20,000
110,000 130,000

500,000
220,000 270,000
100,000 100,000
0 0
100,000 100,000
110,000 130,000
210,000 230,000
430,000 500,000
(1) Issued capital stock for $50,000 cash.
Cash 50000
Capital stock 50000
BINGO CORPORATION
Income Statement
For the Month (through transaction #1)
Revenues -
Services to customers $ -
Expenses
Wages $ -
Utilities - -
Net income $ -

BINGO CORPORATION
Statement of Retained Earnings
For the Month (through transaction #1)
Beginning retained earni $ -
Plus: Net income -
$ -
Less: Dividends -
Ending retained earnings $ -

BINGO CORPORATION
Balance Sheet
As of Completion of Transaction #1
Assets
Cash $ 50,000
Accounts receivable -
Building -
Total assets $ 50,000

Liabilities
Wages payab$ -
Notes payab -
Total liabilities $ -

Stockholders' equity
 Capital stock$ - 50,000
Retained ear -
Total stockholders' equit -
Total Liabilities and equit $ 50,000

(2) Purchased building for $120,000, making a $20,000 down payment and signing a
promissory note payable
Building 120000 for the balance.
Cash 20000
Mortgage payable 100000

BINGO CORPORATION
Income Statement
For the Month (through transaction #2)
Revenues -
Services to customers $ -
Expenses
Wages $ -
Utilities - -
Net income $ -

BINGO CORPORATION
Statement of Retained Earnings
For the Month (through transaction #2)
Beginning retained earni $ -
Plus: Net income -
$ -
Less: Dividends -
Ending retained earnings $ -

BINGO CORPORATION
Balance Sheet
As of Completion of Transaction #2
Assets
Cash $ 30,000
Accounts receivable -
 Building 120,000
Total assets $ 150,000

Liabilities
Wages payab$ -
Notes payab 100,000
Total liabilities $ 100,000

Stockholders' equity
Capital stock$ - 50,000
Retained ear -
Total stockholders' equit 50,000
Total Liabilities and equit $ 150,000

(3) Paid wages expense of $5,000.

Wages expense 5000
Cash 5000
BINGO CORPORATION
Income Statement
For the Month (through transaction #3)
Revenues -
Services to customers $ -
Expenses
Wages $ 5,000
Utilities - 5,000
Net loss $ (5,000)

BINGO CORPORATION
Statement of Retained Earnings
For the Month (through transaction #3)
Beginning retained earni $ -
Plus: Net income (5,000)
$ (5,000)
Less: Dividends -
Ending retained losses $ (5,000)
 BINGO CORPORATION
Balance Sheet
As of Completion of Transaction #3
Assets
Cash $ 25,000
Accounts receivable -
Building 120,000
Total assets $ 145,000

Liabilities
Wages payab$ -
Notes payab 100,000
Total liabilities $ 100,000

Stockholders' equity
Capital stock$ - 50,000
Retained ear (5,000)
Total stockholders' equit 45,000
Total Liabilities and equit $ 145,000

(4) Provided services to customers for $15,000 cash.

cash 15000
Revenue 15000
BINGO CORPORATION
Income Statement
For the Month (through transaction #4)
Revenues
Services to customers $ 15,000
Expenses
Wages $ 5,000
Utilities - 5,000
Net Income $ 10,000

BINGO CORPORATION
Statement of Retained Earnings
For the Month (through transaction #4)
Beginning retained earni $ -
 Plus: Net income 10,000
$ 10,000
Less: Dividends -
Ending retained earnings $ 10,000

BINGO CORPORATION
Balance Sheet
As of Completion of Transaction #4
Assets
Cash $ 40,000
Accounts receivable -
Building 120,000
Total assets $ 160,000

Liabilities
Wages payab$ -
Notes payab 100,000
Total liabilities $ 100,000

Stockholders' equity
Capital stock$ - 50,000
Retained ear 10,000
Total stockholders' equit 60,000
Total Liabilities and equit $ 160,000

(5) Paid utilities expense of $2,000.

Utility expense 2000
Cash 2000
BINGO CORPORATION
Income Statement
For the Month (through transaction #5)
Revenues
Services to customers $ 15,000
Expenses
Wages $ 5,000
Utilities 2,000 7,000
Net Income $ 8,000
 BINGO CORPORATION
Statement of Retained Earnings
For the Month (through transaction #5)
Beginning retained earni $ -
Plus: Net income 8,000
$ 8,000
Less: Dividends -
Ending retained earnings $ 8,000

BINGO CORPORATION
Balance Sheet
As of Completion of Transaction #5
Assets
Cash $ 38,000
Accounts receivable -
Building 120,000
Total assets $ 158,000

Liabilities
Wages payab$ -
Notes payab 100,000
Total liabilities $ 100,000

Stockholders' equity
Capital stock$ - 50,000
Retained ear 8,000
Total stockholders' equit 58,000
Total Liabilities and equit $ 158,000

(6) Reduced note payable with an $8,000 cash payment (ignore interest costs).
Note 8000
payable
Cash 8000
BINGO CORPORATION
Income Statement
For the Month (through transaction #6)
 Revenues
Services to customers $ 15,000
Expenses
Wages $ 5,000
Utilities 2,000 7,000
Net Income $ 8,000

BINGO CORPORATION
Statement of Retained Earnings
For the Month (through transaction #6)
Beginning retained earni $ -
Plus: Net income 8,000
$ 8,000
Less: Dividends -
Ending retained earnings $ 8,000

BINGO CORPORATION
Balance Sheet
As of Completion of Transaction #6
Assets
Cash $ 30,000
Accounts receivable -
Building 120,000
Total assets $ 150,000

Liabilities
Wages payab$ -
Notes payab 92,000
Total liabilities $ 92,000

Stockholders' equity
Capital stock$ - 50,000
Retained ear 8,000
Total stockholders' equit 58,000
Total Liabilities and equit $ 150,000
(7) Provided services to customers on account, $10,000.
Accounts 10000
receivable
Revenue 10000
BINGO CORPORATION
Income Statement
For the Month (through transaction #7)
Revenues
Services to customers $ 25,000
Expenses
Wages $ 5,000
Utilities 2,000 7,000
Net Income $ 18,000

BINGO CORPORATION
Statement of Retained Earnings
For the Month (through transaction #7)
Beginning retained earni $ -
Plus: Net income 18,000
$ 18,000
Less: Dividends -
Ending retained earnings $ 18,000

BINGO CORPORATION
Balance Sheet
As of Completion of Transaction #7
Assets
Cash $ 30,000
Accounts receivable 10,000
Building 120,000
Total assets $ 160,000

Liabilities
Wages payab$ -
Notes payab 92,000
Total liabilities $ 92,000
 Stockholders' equity
Capital stock$ - 50,000
Retained ear 18,000
Total stockholders' equit 68,000
Total Liabilities and equit $ 160,000

(8) Incurred wages expense of $3,000, to be paid in the future.

wages 3000
expense
Wages 3000
payable BINGO CORPORATION
Income Statement
For the Month (through transaction #8)
Revenues
Services to customers $ 25,000
Expenses
Wages $ 8,000
Utilities 2,000 10,000
Net Income $ 15,000

BINGO CORPORATION
Statement of Retained Earnings
For the Month (through transaction #8)
Beginning retained earni $ -
Plus: Net income 15,000
$ 15,000
Less: Dividends -
Ending retained earnings $ 15,000

BINGO CORPORATION
Balance Sheet
As of Completion of Transaction #8
Assets
Cash $ 30,000
 Accounts receivable 10,000
Building 120,000
Total assets $ 160,000

Liabilities
Wages payab$ 3,000
Notes payab 92,000
Total liabilities $ 95,000

Stockholders' equity
Capital stock$ - 50,000
Retained ear 15,000
Total stockholders' equit 65,000
Total Liabilities and equit $ 160,000

(9) Collected $4,000 on an outstanding account receivable.

Cash 4000
Accounts 4000
receivable BINGO CORPORATION
Income Statement
For the Month (through transaction #9)
Revenues
Services to customers $ 25,000
Expenses
Wages $ 8,000
Utilities 2,000 10,000
Net Income $ 15,000

BINGO CORPORATION
Statement of Retained Earnings
For the Month (through transaction #9)
Beginning retained earni $ -
Plus: Net income 15,000
$ 15,000
Less: Dividends -
Ending retained earnings $ 15,000
 BINGO CORPORATION
Balance Sheet
As of Completion of Transaction #9
Assets
Cash $ 34,000
Accounts receivable 6,000
Building 120,000
Total assets $ 160,000

Liabilities
Wages payab$ 3,000
Notes payab 92,000
Total liabilities $ 95,000

Stockholders' equity
Capital stock$ - 50,000
Retained ear 15,000
Total stockholders' equit 65,000
Total Liabilities and equit $ 160,000

(10) Declared and paid dividend of $6,000.

Dividend 6000
Cash 6000
BINGO CORPORATION
Income Statement
For the Month (through transaction #10)
Revenues
Services to customers $ 25,000
Expenses
Wages $ 8,000
Utilities 2,000 10,000
Net Income $ 15,000

BINGO CORPORATION
 Statement of Retained Earnings
For the Month (through transaction #10)
Beginning retained earni $ -
Plus: Net income 15,000
$ 15,000
Less: Dividends 6,000
Ending retained earnings $ 9,000

BINGO CORPORATION
Balance Sheet
As of Completion of Transaction #10
Assets
Cash $ 28,000
Accounts receivable 6,000
Building 120,000
Total assets $ 154,000

Liabilities
Wages payab$ 3,000
Notes payab 92,000
Total liabilities $ 95,000

Stockholders' equity
Capital stock$ - 50,000
Retained ear 9,000
Total stockholders' equit 59,000
Total Liabilities and equit $ 154,000
encountered. Prepare an income statement, statement of retained earnings, and balance sheet
immediately following each of these consecutive transactions.

(1) Issued capital stock for $50,000 cash.

(2) Purchased building for $120,000, making a $20,000 down payment and signing a
promissory note payable for the balance.
(3) Paid wages expense of $5,000.

(4) Provided services to customers for $15,000 cash.

(5) Paid utilities expense of $2,000.

(6) Reduced note payable with an $8,000 cash payment (ignore interest costs).

(7) Provided services to customers on account, $10,000.

(8) Incurred wages expense of $3,000, to be paid in the future.

(9) Collected $4,000 on an outstanding account receivable.

(10) Declared and paid dividend of $6,000.

nt and signing a
est costs).
and balance sheet

nt and signing a

est costs).
implied. Unfortunately, the company has been unable to locate its listing
of assets; but, all other information is incomplete, although in disarray.
dr cr
Missing $406,000 406,000
assets
Capital $250,000 250,000
stock
Wage 40000 40,000
expense
Revenue 80000 80,000
Rent 22000 22,000
expense
Beginning 89000 89,000
retained
Utilities 11000 11,000
expense
Accounts 12500 12,500
payable
Dividends 2500 2,500
Notes 50000 50,000
payable
total 481,500 481,500

(a) Determine Winterbotham's net income for the year ending

December 31, 20X5.
(b) How much are total assets of the company, as of December 406,000
31, 20X5? understand
(c) If you were told that assets included an accounts receivable of question
$5,000 for services provided during 20X5, and that such

Winterbotham Corporation
Income Statement
For the year ended 12/31/x5
Revenues
Services to customers $ 80,000
Expenses
Wages $ 40,000
Utilities 11,000
Rent 22,000 73,000
Net Income $ 7,000

Winterbotham Corporation
Statement of Retained Earnings
For the year ended 12/31/x5
Beginning retained earni $ 89,000
Plus: Net income 7,000
$ 96,000
Less: Dividends 2,500
Ending retained earnings $ 93,500
 Winterbotham Corporation
Balance Sheet
As of Completion of 12/31/x5
Assets
uncatagoriz
ed
Accounts $ 406,000
receivable -
Building
Total
assets $ 406,000

Liabilities
Accounts
payable
Notes $ 12,500
payable
Total 50,000
liabilities $ 62,500

Stockholders' equity
Capital stock $ 250,000
Retained ear 93,500
Total stockholders' equit 343,500
Total Liabilities and equit $ 406,000
agreed to if someone would examine the work in detail and provide useful suggestions for improvem
work follows:

PAT MORGAN'S
Income Statement
December 31, 20X5
Net Income
Services to customers $ 125,000
Expenses
Dividends $ 13,500
Rent 11,000 24,500
Revenues $ 100,500

PAT MORGAN'S
Statement of Retained Earnings
For the Year Ending December 31, 20X1
Beginning retained earni $ 45,000
Plus: Net income 100,500
$ 145,500
Less: Capital stock 200,000
Ending retained earnings $ (54,500)

PAT MORGAN'S
Equation Sheet
December 31, 20X1
Assets
Cash $ 92,700
Accounts receivable 37,400
Equipment 239,000
Total assets $ 369,100

Liabilities
Accounts pa $ 7,500
Wages expe 64,000
Total expenses $ 71,500

Stockholders' equity
Notes payab $ 80,100
 Retained ear (54,500)
Total stockholders' equit 25,600
Total liabilities and equit $ 97,100

(a) Find specific errors in Pat's work. Prepare written review notes sufficient to allow Pat to
the errors and make necessary corrections. To get started, you may assume Pat did ma
(b) Provide your notes to a fellow classmate (just call your classmate Pat for purposes of this
and have him or her prepare corrected reports, based solely on your notes -- right or wro
(c) Prepare corrected financial statements and compare them to the set provided by your cl
requirement (b).
gestions for improvement. Pat's

Efendi Company
Income Statement
For the year ended December 31, 20X1
Revenue
Services to customers $ 125,000
Expenses
Wages $ 64,000
Rent 11,000 75,000
Net Income $ 50,000

Efendi Company
Statement of Retained Earnings
For the Year Ended December 31, 20X1
Beginning retained earni $ 45,000
Plus: Net income 50,000
$ 95,000
Less: Dividends 13,500
Ending retained earnings $ 81,500

Efendi Company
Balance Sheet
As of December 31, 20X1
Assets
Cash $ 92,700
Accounts receivable 37,400
Equipment 239,000
Total assets $ 369,100

Liabilities
Accounts pa $ 7,500
Notes payab 80,100
Total expenses $ 87,600

Stockholders' equity
Capital stock$ 200,000
 Retained ear 81,500
Total stockholders' equit 281,500
Total liabilities and equit $ 369,100

fficient to allow Pat to understand

may assume Pat did manage to get
Pat for purposes of this exercise),
our notes -- right or wrong!
set provided by your classmate in
Harish Company was formed on January 1, 20X1. The company's accountant prepared the following
income statement, statement of retained earnings, and balance sheet at the conclusion of the first
full year of operations. Mr. Harish desires for the company to declare and pay a dividend equivalent
to the company's net income for the year.

HARISH COMPANY
Income Statement
For the Year Ending December 31, 20X1
Revenues
Services to customers $ 70,000
Expenses
Wages $ 30,000
Rent 12,000 42,000
Net income $ 28,000

HARISH COMPANY
Statement of Retained Earnings
For the Year Ending December 31, 20X1
Beginning retained earni $ -
Plus: Net income 28,000
$ 28,000
Less: Dividends -
Ending retained earnings $ 28,000

HARISH COMPANY
Balance Sheet
December 31, 20X1
Assets
Cash $ 4,000
Accounts receivable 15,000
Equipment 50,000
Total assets $ 69,000

Liabilities
Rent payabl $ 1,000
Notes payab 30,000
Total liabilities $ 31,000
 Stockholders' equity
Capital stock$ 10,000
Retained ear 28,000
Total stockholders' equit 38,000
Total Liabilities and equit $ 69,000

(a) Is the company currently able to declare and pay the dividend? Why or why not?
not a lot of cash available.... probably not a good idea
(b) Explain why net income can differ from cash provided by operations.
Harish is in startup mode and needs to invest in PP&E and receivables
(c) In addition to operating activities, what other "categories" of business activity can
generate or expend cash? Provide examples for each category.
(d) Prepare a statement of cash flows for Harish Company for the year ending December
31, 20X1.

HARISH of
Statement COMPANY
Cash Flows

For the Year Ending December 31, 20X1

Operations
Net Income $ 28,000
Changes in current assets and liabilities
Accounts receivable (15,000)
Rent payable $ 1,000

Cash from operations $ 14,000

Investing
Purchases of PP&E (50,000)

Financing
Sale of stock $ 10,000
Note payable increase 30,000
Cash from Financing 40,000

Change in cash 4,000

Beginning cash 0
Ending cash 4,000
prepared the following
onclusion of the first
a dividend equivalent
Why or why not?

ns.

ness activity can

r ending December
Securities and Exchange Commission (SEC). You can go to the SEC website (www.sec.gov)
and access filings for public companies.

(a) Go to the SEC website, and probe until you find

the section that includes filings. You might find it
(b) Find the filings from the SEC website for one of
your "favorite" public companies.
(c) The annual report that must be filed with the SEC
d Balance Sheets - USD ($) $ in is known as a "10K." Locate the 10K for your
Thousands Dec. 31, 2016 Dec. 31, 2015
Current assets
Cash and cash equivalents $3,393,216 $1,196,908
Restricted cash 105,519 22,628
Accounts receivable, net 499,142 168,965
Inventory 2,067,454 1,277,838
Prepaid expenses and other 194,465 115,667
current assetsassets
Total current 6,259,796 2,782,006
Operating lease net 3,134,080 1,791,403
Property, plant and equipment, 5,982,957 3,403,334
net
Intangible assets, net 376,145 12,816
MyPower customer notes 506,302
receivable,cash,
Restricted net ofnet
current portion
of current 268,165 31,522
portion
Other assets 216,751 46,858
Total assets 22,664,076 8,067,939
Current liabilities
Accounts payable 1,860,341 916,148
Accrued liabilities and other 1,210,028 422,798
Deferred revenue 763,126 423,961
Resale value guarantees 179,504 136,831
Customer deposits 663,859 283,370
Current portion of long-term debt 984,211 627,927
and capital leases
Total current liabilities 5,827,005 2,811,035
Long-term debt and capital leases, 5,860,049 2,021,093
net of current
Convertible portion
senior notes issued to 10,287
related parties
Deferred revenue, net of current 851,790 446,105
portion
Resale value guarantees, net of 2,210,423 1,293,741
current portion liabilities
Other long-term 1,891,449 364,976
Total liabilities 16,750,167 6,936,950
Commitments and contingencies
(Note 17) noncontrolling
Redeemable 367,039
interests in subsidiaries
Convertible senior notes (Notes 8,784 47,285
13)
Stockholders' equity:
Preferred stock; $0.001 par value;
100,000
Commonshares
stock; authorized; no
$0.001 par value; 161 131
2,000,000 shares authorized as of
Additional paid-in capital 7,773,727 3,409,452
Accumulated other -23,740 -3,556
comprehensive loss
Accumulated deficit -2,997,237 -2,322,323
Total stockholders' equity 4,752,911 1,083,704
Noncontrolling interests in 785,175
subsidiaries
Total liabilities and equity 22,664,076 $8,067,939
Solar Energy Systems [Member]
Current assets
Operating lease net 5,919,880
Solar Bonds [Member]
Current liabilities
Current portion of solar bonds 165,936
issuedbonds
Solar to related parties
issued to related $99,164
parties, net of current portion
Consolidated Statements of 12 Months Ended
Operations - USD ($) shares in
Thousands, $ in Thousands Dec. 31, 2016 Dec. 31, 2015 Dec. 31, 2014
Revenues
Automotive $5,589,007 $3,431,587 $2,874,448
Automotive leasing 761,759 309,386 132,564
Total automotive revenue 6,350,766 3,740,973 3,007,012
Energy generation and storage 181,394 14,477 4,208
Services and other 467,972 290,575 187,136
Total revenues 7,000,132 4,046,025 3,198,356
Cost of revenues
Automotive 4,268,087 2,639,926 2,058,344
Automotive leasing 481,994 183,376 87,405
Total automotive cost of revenues 4,750,081 2,823,302 2,145,749
Energy generation and storage 178,332 12,287 4,005
Services and other 472,462 286,933 166,931
Total cost of revenues 5,400,875 3,122,522 2,316,685
Gross profit 1,599,257 923,503 881,671
Operating expenses
Research and development 834,408 717,900 464,700
Selling, general and administrative 1,432,189 922,232 603,660
Total operating expenses 2,266,597 1,640,132 1,068,360
Loss from operations -667,340 -716,629 -186,689
Interest income 8,530 1,508 1,126
Interest expense -198,810 -118,851 -100,886
Other income (expense), net 111,272 -41,652 1,813
Loss before income taxes -746,348 -875,624 -284,636
Provision for income taxes 26,698 13,039 9,404
Net loss -773,046 -888,663 -294,040
Net loss attributable to -98,132
noncontrolling interests and
Net loss attributable to common -$674,914 -$888,663 -$294,040
stockholders
Net loss per share of common -$4.68 -$6.93 -$2.36
stock attributable
Weighted average to common
shares used in 144,212 128,202 124,539
computing net loss per share of
Consolidated Statements of
Cash Flows - USD ($) $ in 12 Months Ended
Thousands Dec. 31, 2016 Dec. 31, 2015 Dec. 31, 2014
Cash Flows From Operating
Activities
Net loss -$773,046 -$888,663 -$294,040
Adjustments to reconcile net loss
to net cash used
Depreciation andinamortization
operating 947,099 422,590 231,931
Stock-based compensation 334,225 197,999 156,496
Amortization of discount on 87,286 72,063 69,734
convertible debt
Inventory write-downs 65,520 44,940 15,609
Loss on disposal of property and 34,633 37,723 14,178
equipment
Foreign currency transaction -29,183 55,765 -1,891
(gain)onloss
Gain the acquisition of -88,727
SolarCity
Non-cash interest and other -7,775 26,373 7,471
operating activities
Changes in operating assets and
liabilities, net of effect of business
Accounts receivable -216,565 46,267 -183,658
Inventories and operating lease -2,465,703 -1,573,860 -1,050,264
vehicles
Prepaid expenses and other 56,806 -29,595 -60,637
current assets
MyPower notes receivable 3,468
Other assets -52,821 -24,362 -4,493
Accounts payable and accrued 750,640 263,345 414,856
liabilities
Deferred revenue 382,962 322,203 209,681
Customer deposits 388,361 36,721 106,230
Resale value guarantee 326,934 442,295 249,492
Other long-term liabilities 132,057 23,697 61,968
Net cash used in -123,829 -524,499 -57,337
Cash Flows From Investing
Activities
Purchases of property and -1,280,802 -1,634,850 -969,885
equipmentofexcluding
Purchase capital
solar energy system, -159,669
leased to be leased
Purchases of short-term -205,841
investments
Maturities ofand marketable
short-term 16,667 189,131
marketable securities
Increase in other restricted cash -206,149 -26,441 -3,849
Cash acquired through (used in) 213,523 -12,260
business
Net cash combinations
used in ### ### -990,444
Cash Flows From Financing
Activities
Proceeds from issuance of 1,701,734 730,000
common stock
Proceeds from in public of
issuance offering 2,852,964 318,972 2,300,000
convertible and other debt
Repayments of convertible and -1,857,594
other debt
Collateralized lease borrowing 769,709 568,745 3,271
Proceeds from exercise of stock 163,817 106,611 100,455
options
Principaland other stock
payments issuances
on capital -46,889 -203,780 -11,179
leases
Common stock and debt issuance -20,042 -17,025 -35,149
costs
Proceeds from issuance of 389,160
warrants
Proceeds from issuance of 20,000
common
Purchasestock in privatenote
of convertible -603,428
hedges
Proceeds from investment by 201,527
noncontrollingpaid
Distributions interests
to in -21,250
noncontrolling interests in
Net cash provided by 3,743,976 1,523,523 2,143,130
Effect of exchange rate changes on -7,409 -34,278 -35,525
cash and cash(decrease)
Net increase equivalents
in cash 2,196,308 -708,805 1,059,824
and cash
Cash and equivalents
cash equivalents at 1,196,908 1,905,713 845,889
beginning
Cash of year
and cash equivalents at end 3,393,216 1,196,908 1,905,713
of year
Supplemental noncash investing
activities
Shares issued in connection of 2,145,977
business combination
Acquisition of propertyand
and 663,771 267,334 254,393
equipmentfair
Estimated included in facilities
value of accounts 307,879 174,749 50,076
under build-to-suit lease
Supplemental Disclosures
Cash paid during the period for 38,693 32,060 20,539
interest
Cash paid during the period for $16,385 $9,461 $3,120
taxes, net of refunds
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