Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2021

Cash and Cash Equivalents [Abstract]

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


	December 31,
	2021		2020
As Held:
Cash	$	318,080	$	180,808
Money market funds	297,034		235,902
	$	615,114	$	416,710
As Reported:
Cash and cash equivalents	$	396,035	$	246,947
Restricted cash	219,079		169,763
	$	615,114	$	416,710

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,
	2021		2020
As Held:
Cash	$	318,080	$	180,808
Money market funds	297,034		235,902
	$	615,114	$	416,710
As Reported:
Cash and cash equivalents	$	396,035	$	246,947
Restricted cash	219,079		169,763
	$	615,114	$	416,710

Restricted cash consisted of the following (in thousands):


	December 31,
	2021		2020
Current:
Restricted cash	$	89,462	$	26,706
Restricted cash related to PPA Entities1	3,078		25,764
Restricted cash, current	92,540		52,470
Non-current:
Restricted cash	103,300		286
Restricted cash related to PPA Entities1	23,239		117,007
Restricted cash, non-current	126,539		117,293
	$	219,079	$	169,763

1 We have VIEs 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, 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. 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, respectively, and $88.4 million and $13.3 million of non-current restricted cash, respectively. These entities are not considered VIEs.