Fiscal Year Ended
Fiscal Year Ended
Fiscal Year Ended
(In thousands)
December 29, 2019
December 30, 2018
December 31, 2017
Net cash used in operating activities
$(270,413)
$(543,389)
$(267,412)
Net cash provided by (used in) investing activities
$21,366
$274,900
$(293,084)
Net cash provided by financing activities
$344,314
$85,847
$589,932
liquidity and capital resources .
cash flows .
a summary of the sources and uses of cash cash equivalents restricted cash and restricted cash equivalents is as follows : .
operating activities .
net cash used in operating activities for the year ended december 29 2019 was $ 270 .
4 million and was primarily the result of : -i $ 158 .
3 million mark-to-market gain on equity investments with readily determinable fair value ; -ii $ 143 .
4 million gain on business divestiture ; -iii $ 128 .
4 million increase in inventories to support the construction of our solar energy projects ; -iv $ 66 .
2 million increase in accounts receivable primarily driven by billings in excess of collections ; -v $ 38 .
2 million increase in contract assets driven by construction activities ; -vi $ 25 .
2 million gain on sale of assets ; -vii $ 17 .
3 million gain on sale of equity investments without readily determinable fair value ; -viii $ 8 .
9 million decrease in operating lease liabilities ; -ix $ 8 .
8 million increase in prepaid expenses and other assets primarily related to movements in prepaid inventory ; -x net loss of $ 7 .
7 million ; and -xi $ 2 .
2 million increase in project assets primarily related to the construction of our commercial solar energy projects .
this was offset by : -i $ 80 .
1 million depreciation and amortization ; -ii $ 79 .
3 million increase in accounts payable and other accrued liabilities ; -iii $ 50 .
2 million increase in advances to suppliers ; -iv $ 33 .
8 million loss on sale and impairment of residential lease assets ; -v $ 27 .
5 million increase in contract liabilities driven by construction activities ; -vi stock-based compensation of $ 26 .
9 million ; -vii $ 9 .
5 million non-cash interest expense ; -viii $ 8 .
6 million decrease in operating lease right-of-use assets ; -ix $ 7 .
1 million loss in equity in earnings of unconsolidated investees ; -x $ 5 .
9 million non-cash restructuring charges ; and -xi $ 5 .
0 million net change in deferred income taxes ; and -xii impairment of long-lived assets of $ 0 .
8 million .
in december 2018 and may 2019 we entered into factoring arrangements with two separate third-party factor agencies related to our accounts receivable from customers in europe .
as a result of these factoring arrangements title of certain accounts receivable balances was transferred to third-party vendors and both arrangements were accounted for as a sale of financial assets given effective control over these financial assets has been surrendered .
as a result these financial assets have been excluded from our consolidated balance sheets .
in connection with the factoring arrangements we sold accounts receivable invoices amounting to $ 119 .
4 million and $ 26 .
3 million in fiscal 2019 and 2018 respectively .
as of december 29 2019 and december 30 2018 total uncollected accounts receivable from end customers under both arrangements were $ 11 .
6 million and $ 21 .
0 million respectively .
net cash used in operating activities in fiscal 2018 was $ 543 .
4 million and was primarily the result of : -i net loss of $ 917 .
5 million ; -ii $ 182 .
9 million increase in long-term financing receivables related to our net investment in sales-type leases ; -iii $ 127 .
3 million decrease in accounts payable and other accrued liabilities primarily attributable to payments of accrued expenses ; -iv $ 59 .
3 million gain on business divestiture ; -v $ 54 .
2 million gain on the sale of equity investments ; -vi $ 43 .
5 million increase in contract assets driven by construction activities ; -vii $ 39 .
2 million increase in inventories due to the support of various construction projects ; -viii $ 30 .
5 million decrease in contract liabilities driven by construction activities ; -ix $ 6 .
9 million increase in deferred income taxes ; -x $ 6 .
8 million increase due to other various activities ; and -xi $ 0 .
2 million increase in accounts receivable primarily driven by billings .
this was partially offset by : -i impairment of property plant and equipment of $ 369 .
2 million ; -ii impairment of residential lease assets of $ 189 .
7 million ; -iii net non-cash charges of $ 162 .
1 million related to depreciation stock-based compensation and other non-cash charges ; -iv loss on sale of residential lease assets of $ 62 .
2 million ; -v $ 44 .
4 million decrease in advance payments made to suppliers ; -vi $ 39 .
5 million decrease in project assets primarily related to the construction of our commercial solar energy projects ; -vii $ 22 .
8 million decrease in prepaid expenses and other assets primarily related to the receipt of prepaid inventory ; -viii $ 17 .
8 million decrease in equity in earnings of unconsolidated investees ; -ix $ 6 .
9 million net change in income taxes ; -x $ 6 .
4 million unrealized loss on equity investments with readily determinable fair value ; and -xi $ 3 .
9 million dividend from equity method investees .
net cash used in operating activities in fiscal 2017 was $ 267 .
4 million and was primarily the result of : -i net loss of $ 1170 .
9 million ; -ii $ 216 .
3 million decrease in accounts payable and other accrued liabilities primarily attributable to payment of accrued expenses ; -iii $ 123 .
7 million increase in long-term financing receivables related to our net investment in sales-type leases ; -iv $ 38 .
2 million increase in inventories to support the construction of our solar energy projects ; -vi $ 25 .
9 million increase in equity in earnings of unconsolidated investees ; -vii $ 7 .
0 million net change in income taxes ; -viii $ 5 .
3 million gain on sale of equity method investment ; and -ix $ 1 .
2 million decrease in accounts receivable primarily driven by collections ; this was partially offset by : -i $ 624 .
3 million impairment of residential lease assets ; -ii other net non-cash charges of $ 239 .
6 million related to depreciation stock-based compensation and other non-cash charges ; -iii $ 145 .
2 million increase in contract liabilities driven by construction activities ; -iv $ 110 .
5 million decrease in prepaid expenses and other assets primarily related to the receipt of prepaid inventory ; -v $ 89 .
6 million impairment of 8point3 energy partners investment balance ; -vi $ 68 .
8 million decrease in advance payments made to suppliers ; -vii $ 30 .
1 million dividend from 8point3 energy partners ; -viii $ 10 .
7 million decrease in contract assets driven by milestone billings ; -ix $ 2 .
3 million decrease in project assets primarily related to the construction of our commercial and power plant solar energy projects .
investing activities .
net cash provided by investing activities in the year ended december 29 2019 was $ 21 .
4 million which included -i proceeds of $ 60 .
0 million from sale of property plant and equipment ; -ii $ 42 .
9 million proceeds from sale of investments ; -iii net proceeds of $ 40 .
5 million from business divestiture ; and -iv $ 2 .
0 million of proceeds resulting from realization of estimated receivables from a business divestiture .
this was offset by -i cash paid for solar power systems of $ 53 .
3 million ; -ii $ 47 .
4 million of purchases of property plant and equipment ; -iii cash paid for investments in unconsolidated investees of $ 12 .
4 million ; and -iv $ 10 .
9 million of cash de-consolidated from the sale of residential lease assets .
net cash provided by investing activities in fiscal 2018 was $ 274 .
9 million which included -i proceeds from the sale of investment in joint ventures and non-public companies of $ 420 .
3 million ; -ii proceeds of $ 23 .
3 million from business divestiture ; and -iii a $ 13 .
0 million dividend from equity method investees .
this was partially offset by : -i $ 167 .
0 million in capital expenditures primarily related to the expansion of our solar cell manufacturing capacity and costs associated with solar power systems leased and to be leased ; and -ii $ 14 .
7 million paid for investments in consolidated and unconsolidated investees .
net cash used in investing activities in fiscal 2017 was $ 293 .
1 million which included -i $ 283 .
0 million in capital expenditures primarily related to the expansion of our solar cell manufacturing capacity and costs associated with solar power systems leased and to be leased ; -ii $ 18 .
6 million paid for investments in consolidated and unconsolidated investees ; and -iii $ 1 .
3 million purchase of marketable securities .
this was partially offset by proceeds from the sale of investment in joint ventures of $ 6 .
0 million and a $ 3 .
8 million dividend from equity method investees .
financing activities .
net cash provided by financing activities in the year ended december 29 2019 was $ 344 .
3 million which included : -i $ 171 .
9 million from the common stock offering ; -ii $ 110 .
9 million in net proceeds of bank loans and other debt ; -iii $ 69 .
2 million net proceeds from the issuance of non-recourse residential financing net of issuance costs ; -iv $ 35 .
5 million of net contributions from noncontrolling interests and redeemable noncontrolling interests related to residential lease projects ; -v $ 3 .
0 million of proceeds from issuance of non-recourse power plant and commercial financing net of issuance costs .
this was partially offset by -i $ 39 .
0 million of payment associated with prior business combination ; -ii $ 5 .
6 million in purchases of treasury stock for tax withholding obligations on vested restricted stock ; and -iii $ 1 .
6 million settlement of contingent consideration arrangement net of cash received .
net cash provided by financing activities in fiscal 2018 was $ 85 .
8 million which included : -i $ 174 .
9 million in net proceeds from the issuance of non-recourse residential financing net of issuance costs ; -ii $ 129 .
3 million of net contributions from noncontrolling interests and redeemable noncontrolling interests related to residential lease projects ; and -iii $ 94 .
7 million in net proceeds from the issuance of non-recourse power plant and commercial financing net of issuance costs .
this was partially offset by : -i $ 307 .
6 million in net repayments of 0 .
75 % debentures due 2018 bank loans and other debt ; and -ii $ 5 .
5 million in purchases of treasury stock for tax withholding obligations on vested restricted stock .
net cash provided by financing activities in fiscal 2017 was $ 589 .
9 million which included : -i $ 351 .
8 million in net proceeds from the issuance of non-recourse power plant and commercial financing net of issuance costs ; -ii $ 179 .
2 million of net contributions from noncontrolling interests and redeemable noncontrolling interests primarily related to residential lease projects ; and -iii $ 82 .
7 million in net proceeds from the issuance of non-recourse residential financing net of issuance costs .
this was partially offset by : -i 19 .
1 million in net repayments of bank loans and other debt ; and -ii $ 4 .
7 million in purchases of treasury stock for tax withholding obligations on vested restricted stock .

Question: What was the reason for the title of certain accounts receivable balances being transferred to third-party vendors?
Answer: Factoring arrangements with two separate third-party factor agencies related to our accounts receivable from customers in Europe