Leases (Tables)

3 Months Ended

Mar. 31, 2023

Leases [Abstract]

Schedule of Assets and Liabilities Leases

Operating and financing lease right-of-use assets and lease liabilities for facilities, Energy Servers, and vehicles as of March 31, 2023 and December 31, 2022 were as follows (in thousands):

	March 31,		December 31,
	2023		2022
Operating Leases:
Operating lease right-of-use assets, net 1, 2	$	129,377	$	126,955
Current operating lease liabilities	(16,148)		(16,227)
Non-current operating lease liabilities	(135,287)		(132,363)
Total operating lease liabilities	$	(151,435)	$	(148,590)
Finance Leases:
Finance lease right-of-use assets, net 2, 3, 4	$	2,814	$	2,824
Current finance lease liabilities5	(1,062)		(1,024)
Non-current finance lease liabilities6	(1,925)		(1,971)
Total finance lease liabilities	$	(2,987)	$	(2,995)
Total lease liabilities	$	(154,422)	$	(151,585)

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 condensed consolidated balance sheets.

5 Included in accrued expenses and other current liabilities in the condensed consolidated balance sheets.

6 Included in other long-term liabilities in the condensed consolidated balance sheets.

Schedule of Lease, Cost

The components of our facilities, Energy Servers, and vehicles’ lease costs for the three months ended March 31, 2023 and 2022 were as follows (in thousands):

	Three Months Ended March 31,
	2023		2022
Operating lease costs	$	7,799	$	5,818
Financing lease costs:
Amortization of right-of-use assets	201		258
Interest on lease liabilities	62		54
Total financing lease costs	263		312
Short-term lease costs	444		36
Total lease costs	$	8,506	$	6,166

Weighted average remaining lease terms and discount rates for our facilities, Energy Servers and vehicles as of March 31, 2023 and December 31, 2022 were as follows:

	March 31,		December 31,
	2023		2022
Weighted average remaining lease term:
Operating leases	8.4 years		8.6 years
Finance leases	3.3 years		3.3 years
Weighted average discount rate:
Operating leases	10.4	%	10.3	%
Finance leases	8.8	%	6.9	%

Schedule of Finance Lease, Liability, Fiscal Year Maturity

Future lease payments under lease agreements for our facilities, Energy Servers and vehicles as of March 31, 2023 were as follows (in thousands):

	Operating Leases		Finance Leases
Remainder of 2023	$	23,382	$	989
2024	27,421		1,147
2025	28,158		662
2026	28,304		421
2027	27,014		249
Thereafter	95,503		27
Total minimum lease payments	229,782		3,495
Less: amounts representing interest or imputed interest	(78,347)		(508)
Present value of lease liabilities	$	151,435	$	2,987

At March 31, 2023, future lease payments under the Managed Services Agreements financing obligations were as follows (in thousands):

	Financing Obligations
Remainder of 2023	$	33,874
2024	43,014
2025	41,998
2026	37,410
2027	21,065
Thereafter	36,608
Total minimum lease payments	213,969
Less: imputed interest	(116,158)
Present value of net minimum lease payments	97,811
Less: current financing obligations	(20,272)
Long-term financing obligations	$	77,539

Schedule of Lessee, Operating Lease, Liability, Maturity

Future lease payments under lease agreements for our facilities, Energy Servers and vehicles as of March 31, 2023 were as follows (in thousands):

	Operating Leases		Finance Leases
Remainder of 2023	$	23,382	$	989
2024	27,421		1,147
2025	28,158		662
2026	28,304		421
2027	27,014		249
Thereafter	95,503		27
Total minimum lease payments	229,782		3,495
Less: amounts representing interest or imputed interest	(78,347)		(508)
Present value of lease liabilities	$	151,435	$	2,987

At March 31, 2023, future lease payments under the Managed Services Agreements financing obligations were as follows (in thousands):

	Financing Obligations
Remainder of 2023	$	33,874
2024	43,014
2025	41,998
2026	37,410
2027	21,065
Thereafter	36,608
Total minimum lease payments	213,969
Less: imputed interest	(116,158)
Present value of net minimum lease payments	97,811
Less: current financing obligations	(20,272)
Long-term financing obligations	$	77,539

Schedule of Sales-type Leases, Lease Receivable, Maturity

Future estimated operating lease payments we expect to receive from Portfolio Financing arrangements through PPA V Entity as of March 31, 2023, were as follows (in thousands):

	Operating Leases
Remainder of 2023	$	15,668
2024	21,238
2025	21,630
2026	22,092
2027	22,566
Thereafter	85,009
Total minimum lease payments	$	188,203