Financial Instruments

3 Months Ended

Mar. 31, 2021

Cash and Cash Equivalents [Abstract]

Cash, Cash Equivalents and Restricted Cash

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


	March 31,		December 31,
	2021		2020
As Held:
Cash	$	215,297	$	180,808
Money market funds	150,367		235,902
	$	365,664	$	416,710
As Reported:
Cash and cash equivalents	$	180,719	$	246,947
Restricted cash	184,945		169,763
	$	365,664	$	416,710

Restricted cash consisted of the following (in thousands):


	March 31,		December 31,
	2021		2020
Current:
Restricted cash	$	53,179	$	26,706
Restricted cash related to PPA Entities1	1,686		25,764
Restricted cash, current	54,865		52,470
Non-current:
Restricted cash	114,713		286
Restricted cash related to PPA Entities1	15,367		117,007
Restricted cash, non-current	130,080		117,293
	$	184,945	$	169,763

1 We have VIEs that represent a portion of the condensed consolidated balances recorded within the "restricted cash," and other financial statement line items in the condensed consolidated balance sheets (see Note 11 - Portfolio Financings). In addition, the restricted cash held in the PPA II and PPA IIIb entities as of March 31, 2021, includes $28.2 million and $1.0 million of current restricted cash, and $80.5 million and $13.3 million of non-current restricted cash, respectively. The restricted cash held in the PPA II and PPA IIIb entities as of December 31, 2020, includes $20.3 million and $0.7 million of current restricted cash, and $88.4 million and $13.3 million of non-current restricted cash, respectively. These entities are not considered VIEs.