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Leases (Tables)
 12 Months Ended
Dec. 31, 2021
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, 2021 and 2020 were as follows (in thousands):
December 31,
20212020
Assets:
Operating lease right-of-use assets, net 1, 2
$106,660 $35,621 
Financing lease right-of-use assets, net 2, 3, 4
2,944 334 
Total$109,604 $35,955 
Liabilities:
Current:
Operating lease liabilities$13,101 $7,899 
Financing lease liabilities 5
863 74 
Total current lease liabilities13,964 7,973 
Non-current:
Operating lease liabilities106,187 41,849 
Financing lease liabilities 6
2,157 267 
Total non-current lease liabilities108,344 42,116 
Total lease liabilities$122,308 $50,089 
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, net of accumulated amortization.
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, 2021 and 2020 were as follows (in thousands):
Years Ended
December 31,
20212020
Operating lease costs$15,850 $9,804 
Financing lease costs:
Amortization of financing lease right-of-use assets1,345 51 
Interest expense for financing lease liabilities349 16 
Total financing lease costs1,694 67 
Short-term lease costs407 613 
Total lease costs$17,951 $10,484 
Weighted average remaining lease terms and discount rates for our facilities, Energy Servers and vehicles as of December 31, 2021 and 2020 were as follows:
December 31,
20212020
Remaining lease term (years):
Operating leases8.9 years6.7 years
Finance leases3.5 years4.2 years
Discount rate:
Operating leases9.6 %8.7 %
Finance leases7.6 %7.0 %
Finance Lease, Liability, Fiscal Year Maturity
Future lease payments under lease agreements for our facilities, Energy Servers and vehicles as of December 31, 2021 were as follows (in thousands):
Operating LeasesFinance Leases
2022$13,153 $948 
202314,994 944 
202413,500 771 
202513,524 301 
202613,061 83 
Thereafter61,636 — 
Total minimum lease payments129,868 3,047 
Less: amounts representing interest or imputed interest(10,581)(26)
Present value of lease liabilities$119,287 $3,021 
At December 31, 2021, future lease payments under the Managed Services Agreements financing obligations and the sublease payments from the customers under the related operating leases were as follows (in thousands):
Financing Obligations
2022$45,117 
202344,173 
202442,100 
202541,075 
202636,477 
Thereafter55,780 
Total lease payments264,722 
Less: imputed interest(149,240)
Total lease obligations115,482 
Less: current obligations(14,721)
Long-term lease obligations$100,761 
Lessee, Operating Lease, Liability, Maturity
Future lease payments under lease agreements for our facilities, Energy Servers and vehicles as of December 31, 2021 were as follows (in thousands):
Operating LeasesFinance Leases
2022$13,153 $948 
202314,994 944 
202413,500 771 
202513,524 301 
202613,061 83 
Thereafter61,636 — 
Total minimum lease payments129,868 3,047 
Less: amounts representing interest or imputed interest(10,581)(26)
Present value of lease liabilities$119,287 $3,021 
At December 31, 2021, future lease payments under the Managed Services Agreements financing obligations and the sublease payments from the customers under the related operating leases were as follows (in thousands):
Financing Obligations
2022$45,117 
202344,173 
202442,100 
202541,075 
202636,477 
Thereafter55,780 
Total lease payments264,722 
Less: imputed interest(149,240)
Total lease obligations115,482 
Less: current obligations(14,721)
Long-term lease obligations$100,761 
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,
20212020
Lease payment receivables, net1
$44,378 $49,806 
Estimated residual value of leased assets (unguaranteed)890 890 
Net investment in sales-type leases45,268 50,696 
Less: current portion(5,784)(5,428)
Non-current portion of net investment in sales-type leases$39,484 $45,268 
1 Net of current estimated credit losses of approximately $0.1 million as of December 31, 2021 and December 31, 2020.
Sales-type Leases, Lease Receivable, Maturity
As of December 31, 2021, the future scheduled customer payments from sales-type leases were as follows (in thousands):
Future minimum lease payments
2022$6,110 
20236,435 
20246,797 
20257,125 
20267,491 
Thereafter11,690 
Total undiscounted cash flows45,648 
Less: imputed interest(1,219)
Present value of lease payments1
$44,429 
1 Amount comprises a current and long-term portion of lease receivables of $5.8 million and $39.5 million, respectively, after giving effect to a $0.1 million current expected credit loss reserve on the long-term portion, which is reflected as a component of the net investment in sales-type leases presented in our consolidated statement of financial position as customer financing receivables.
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, 2021, were as follows (in thousands):
Operating Leases
202244,205 
202345,290 
202446,533 
202547,553 
202648,732 
Thereafter215,286 
Total lease payments$447,599