Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2022

The following table presents the revenues and expenses from these arrangements with the Joint Ventures in our consolidated statements of operations (in thousands):


		Years Ended December 31,
Related Party	Nature of Transaction	2022		2021		2020
EMEA 1 Joint Venture	Revenues	$	39,065	$	42,387	$	21,306
EMEA 1 Joint Venture	Expenses (1)	7,686		8,303		14,935
VIE Joint Ventures	Revenues	40,284		28,320		588

(1)Balances primarily consist of rent expenses for a 15 year sub-lease agreement with the EMEA 1 Joint Venture for a London data center.

The following table presents the assets and liabilities from related party transactions with the Joint Ventures in our consolidated balance sheets (in thousands):


		As of December 31,
Related Party	Balance Sheet Line Item	2022		2021
EMEA 1 Joint Venture	Receivables	$	73,929	$	32,077
	Contract Assets (1)	7,261		54,503
	Finance Lease Right of Use Assets	100,968		118,817
	Other Liabilities and Payables	1,193		2,483
	Other Liabilities and Payables - Construction Obligation (2)	18,967		39,382
	Deferred Revenue	15,470		16,886
	Finance Lease Right of Use Liabilities	108,603		124,918
VIE Joint Ventures	Receivables	19,935		29,077
	Contract Assets	5,281		1,492
	Payables	—		1,876

(1)A portion of the contract asset balance relates to commitments to complete a residual portion of the Paris 9 data center sold to the EMEA 1 Joint Venture, which is reimbursable in full upon completion.

(2)The balance primarily relates to the obligation to pay for future construction for certain sites sold as a part of the EMEA 1 Joint Venture transaction.

Our activity of other related party transactions was as follows (in thousands):


	Years ended December 31,
	2022		2021		2020
Revenues	$	236,464	$	140,947	$	95,264
Costs and services	58,932		5,337		10,849


	As of December 31,
	2022		2021
Accounts receivable	$	25,990	$	27,997
Accounts payable	665		20