XML 95 R83.htm IDEA: XBRL DOCUMENT v3.23.3
Portfolio Financings - Schedule of PPA Entities' Assets and Liabilities (Details) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents [1] $ 557,384 $ 348,498
Restricted cash, short-term [1] 42,614 51,515
Accounts receivable [1],[2] 334,495 250,995
Prepaid expenses and other current assets [1] 66,243 43,643
Total current assets 1,682,472 1,055,963
Restricted cash, long-term [1] 37,698 118,353
Other long-term assets [1] 33,208 40,205
Total assets 2,376,172 1,946,627
Current liabilities:    
Accrued expenses and other current liabilities [1],[3] 116,480 144,183
Deferred revenue and customer deposits [1],[4] 119,157 159,048
Non-recourse debt [1] 0 13,307
Total current liabilities 461,726 541,946
Deferred revenue and customer deposits [1] 14,499 56,392
Non-recourse debt [1] 1,483 112,480
Total liabilities $ 1,870,972 1,567,811
Variable Interest Entity, Primary Beneficiary    
Current assets:    
Cash and cash equivalents   5,008
Restricted cash, short-term   550
Accounts receivable   2,072
Prepaid expenses and other current assets   1,927
Total current assets   9,557
Property, plant and equipment, net   133,285
Restricted cash, long-term   8,000
Other long-term assets   1,869
Total assets   152,711
Current liabilities:    
Accrued expenses and other current liabilities   1,037
Deferred revenue and customer deposits   662
Non-recourse debt   13,307
Total current liabilities   15,006
Deferred revenue and customer deposits   4,748
Non-recourse debt   112,480
Total liabilities   $ 132,234
[1] We have a variable interest entity related to PPA V (see Note 10 - Portfolio Financings) and a joint venture in the Republic of Korea (see Note 16 - SK ecoplant Strategic Investment), which represent a portion of the consolidated balances recorded within these financial statement line items.In August 2023, we sold the PPA V entity as a result of the PPA V Repowering of Energy Servers (see Note 10 - Portfolio Financings), as such the consolidated balances recorded within these financial statement line items as of September 30, 2023 exclude PPA V balances.
[2] Including amounts from related parties of $247.9 million and $4.3 million as of September 30, 2023 and December 31, 2022, respectively.
[3] Including amounts from related parties of $5.7 million as of September 30, 2023. There was no respective related party amounts as of December 31, 2022.
[4] Including amounts from related parties of $11.1 million as of September 30, 2023. There was no respective related party amounts as of December 31, 2022.