XML 52 R37.htm IDEA: XBRL DOCUMENT v3.22.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Assets and Liabilities Leases
Operating and financing lease right-of-use assets and lease liabilities for facilities, Energy Servers, and vehicles as of December 31, 2022 and 2021 were as follows (in thousands):
Years Ended
December 31,
20222021
Operating Leases:
Operating lease right-of-use assets, net 1, 2
$126,955 $106,660 
Current operating lease liabilities(16,227)(13,101)
Non-current operating lease liabilities(132,363)(106,187)
Total operating lease liabilities$(148,590)$(119,288)
Finance Leases:
Finance lease right-of-use assets, net 2, 3, 4
$2,824 $2,944 
Current finance lease liabilities 5
(1,024)(863)
Non-current finance lease liabilities 6
(1,971)(2,157)
Total finance lease liabilities(2,995)(3,020)
Total lease liabilities$(151,585)$(122,308)

1 These assets primarily include leases for facilities, Energy Servers, and vehicles.
2 Net of accumulated amortization.
3 These assets primarily include leases for vehicles.
4 Included in property, plant and equipment, net in the consolidated balance sheets.
5 Included in accrued expenses and other current liabilities in the consolidated balance sheets.
6 Included in other long-term liabilities in the consolidated balance sheets.
Lease, Cost
The components of our facilities, Energy Servers, and vehicles’ lease costs for the years ended December 31, 2022, 2021, and 2020 were as follows (in thousands):
Years Ended
December 31,
202220212020
Operating lease costs$25,503 $15,850 $9,804 
Financing lease costs:
Amortization of right-of-use assets968 1,345 51 
Interest on lease liabilities220 349 16 
Total financing lease costs1,188 1,694 67 
Short-term lease costs974 407 613 
Total lease costs$27,665 $17,951 $10,484 
Weighted average remaining lease terms and discount rates for our facilities, Energy Servers and vehicles as of December 31, 2022 and 2021 were as follows:
December 31,
20222021
Weighted average remaining lease term:
Operating leases8.6 years8.9 years
Finance leases3.3 years3.5 years
Weighted average discount rate:
Operating leases10.3 %9.6 %
Finance leases6.9 %7.6 %
Finance Lease, Liability, Fiscal Year Maturity
Future lease payments under lease agreements for our facilities, Energy Servers and vehicles as of December 31, 2022 were as follows (in thousands):
Operating LeasesFinance Leases
2023$30,058 $1,250 
202426,145 1,076 
202526,879 590 
202626,743 371 
202725,442 180 
Thereafter95,980 11 
Total minimum lease payments231,247 3,478 
Less: amounts representing interest or imputed interest(82,657)(483)
Present value of lease liabilities$148,590 $2,995 
At December 31, 2022, future lease payments under the Managed Services Agreements financing obligations were as follows (in thousands):
Financing Obligations
2023$44,740 
202442,742 
202541,726 
202637,138 
202720,793 
Thereafter36,223 
Total minimum lease payments223,362 
Less: imputed interest(122,580)
Present value of net minimum lease payments100,782 
Less: current financing obligations(17,364)
Long-term financing obligations$83,418 
Lessee, Operating Lease, Liability, Maturity
Future lease payments under lease agreements for our facilities, Energy Servers and vehicles as of December 31, 2022 were as follows (in thousands):
Operating LeasesFinance Leases
2023$30,058 $1,250 
202426,145 1,076 
202526,879 590 
202626,743 371 
202725,442 180 
Thereafter95,980 11 
Total minimum lease payments231,247 3,478 
Less: amounts representing interest or imputed interest(82,657)(483)
Present value of lease liabilities$148,590 $2,995 
At December 31, 2022, future lease payments under the Managed Services Agreements financing obligations were as follows (in thousands):
Financing Obligations
2023$44,740 
202442,742 
202541,726 
202637,138 
202720,793 
Thereafter36,223 
Total minimum lease payments223,362 
Less: imputed interest(122,580)
Present value of net minimum lease payments100,782 
Less: current financing obligations(17,364)
Long-term financing obligations$83,418 
Sales-type Lease, Net Investment in Lease
The components of our aggregate net investment in sales-type leases under our Portfolio Financings through PPA entities consisted of the following (in thousands):
December 31,
2021
Lease payment receivables, net1
$44,378 
Estimated residual value of leased assets (unguaranteed)890 
Net investment in sales-type leases45,268 
Less: current portion(5,784)
Non-current portion of net investment in sales-type leases$39,484 
1 Net of current estimated credit losses of approximately $0.1 million as of December 31, 2021.
Lessor, Operating Lease, Payment to be Received, Fiscal Year Maturity
Future estimated operating lease payments we expect to receive from Portfolio Financing arrangements through PPA Entities as of December 31, 2022, were as follows (in thousands):
Operating Leases
202321,063 
202421,238 
202521,630 
202622,092 
202722,566 
Thereafter85,009 
Total minimum lease payments$193,598