Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2022

Cash and Cash Equivalents [Abstract]

Schedule of Cash and Cash Equivalents

The carrying values of cash, cash equivalents and restricted cash approximate fair values and were as follows (in thousands):

	December 31,
	2022		2021
As Held:
Cash	$	226,463	$	318,080
Money market funds	291,903		297,034
	$	518,366	$	615,114
As Reported:
Cash and cash equivalents	$	348,498	$	396,035
Restricted cash	169,868		219,079
	$	518,366	$	615,114

Restrictions on Cash and Cash Equivalents

The carrying values of cash, cash equivalents and restricted cash approximate fair values and were as follows (in thousands):

	December 31,
	2022		2021
As Held:
Cash	$	226,463	$	318,080
Money market funds	291,903		297,034
	$	518,366	$	615,114
As Reported:
Cash and cash equivalents	$	348,498	$	396,035
Restricted cash	169,868		219,079
	$	518,366	$	615,114

Restricted cash consisted of the following (in thousands):

	December 31,
	2022		2021
Current:
Restricted cash	$	50,965	$	89,462
Restricted cash related to PPA Entities1	550		3,078
	51,515		92,540
Non-current:
Restricted cash	110,353		103,300
Restricted cash related to PPA Entities1	8,000		23,239
	118,353		126,539
	$	169,868	$	219,079

1 We have VIEs related to PPAs that represent a portion of the consolidated balances recorded within the “restricted cash” and other financial statement line items in the consolidated balance sheets (see Note 11 - Portfolio Financings). In addition, the restricted cash held in the PPA II and PPA IIIb entities as of December 31, 2022, includes $40.6 million and $1.2 million of current restricted cash, respectively, and $28.5 million and $6.7 million of non-current restricted cash, respectively. The restricted cash held in the PPA II and PPA IIIb entities as of December 31, 2021, includes $41.7 million and $1.2 million of current restricted cash, respectively, and $57.7 million and $6.7 million of non-current restricted cash, respectively. These entities are not considered VIEs.