Receivables

12 Months Ended

Dec. 31, 2023

Receivables

Receivables

5. Receivables

Refer to Note 2 “Summary of Significant Accounting Policies—Revenue Recognition” for discussion of our accounting policies related to accounts receivable, deferred rent and related allowances.

Accounts and Other Receivables, Net

Accounts and other receivables, net is primarily comprised of contractual rents and other lease-related obligations currently due from customers. These amounts (net of an allowance for estimated uncollectible amounts) are shown in the subsequent table as Accounts receivable – trade, net. Other receivables shown separately from Accounts receivable – trade, net consist primarily of amounts that have not yet been billed to customers, such as for utility reimbursements and installation fees.

	Balance as of		Balance as of
(Amounts in thousands):	December 31, 2023		December 31, 2022
Accounts receivable – trade	$	694,252	$	551,393
Allowance for doubtful accounts		(41,204)		(33,048)
Accounts receivable – trade, net		653,048		518,345
Accounts receivable – customer recoveries		233,499		170,012
Value-added tax receivables		257,911		167,459
Accounts receivable – installation fees		65,203		60,663
Other receivables		68,449		52,813
Accounts and other receivables, net	$	1,278,110	$	969,292

Deferred Rent, Net

Deferred rent, net represents rental income that has been recognized as revenue under ASC 842, but which is not yet due from customers under their existing rental agreements. The Company recognizes an allowance against deferred rent receivables to the extent it becomes no longer probable that a customer or group of customers will be able to make substantially all of their required cash rental payments over the entirety of their respective lease terms. As of December 31, 2023, allowance for deferred rent receivables increased primarily due to a customer bankruptcy.

	Balance as of		Balance as of
(Amounts in thousands):	December 31, 2023		December 31, 2022
Deferred rent receivables	$	657,009	$	612,439
Allowance for deferred rent receivables		(32,582)		(10,849)
Deferred rent, net	$	624,427	$	601,590