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Leases (Tables)
 3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Assets and Liabilities Leases
Operating and finance lease right-of-use assets and lease liabilities for facilities, Energy Servers, and vehicles as of March 31, 2022 and December 31, 2021 were as follows (in thousands):
March 31,December 31,
20222021
Assets:
Operating lease right-of-use assets, net 1, 2
$98,119 $106,660 
Finance lease right-of-use assets, net 2, 3, 4
2,686 2,944 
Total$100,805 $109,604 
Liabilities:
Current:
Operating lease liabilities$11,598 $13,101 
Finance lease liabilities 5
880 863 
Total current lease liabilities12,478 13,964 
Non-current:
Operating lease liabilities105,656 106,187 
Finance lease liabilities 6
1,937 2,157 
Total non-current lease liabilities107,593 108,344 
Total lease liabilities$120,071 $122,308 
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, net of accumulated amortization.
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.
Lease, Cost
The components of our facilities, Energy Servers, and vehicles' lease costs for the years ended March 31, 2022 and 2021 were as follows (in thousands):
Three Months Ended
March 31,
20222021
Operating lease costs$5,818 $3,018 
Finance lease costs:
Amortization of finance lease right-of-use assets258 708 
Interest expense for finance lease liabilities54 199 
Total finance lease costs312 907 
Short-term lease costs36 168 
Total lease costs$6,166 $4,093 
Weighted average remaining lease terms and discount rates for our facilities, Energy Servers and vehicles as of March 31, 2022 and December 31, 2021 were as follows:
March 31,December 31,
20222021
Remaining lease term (years):
Operating leases8.7 years8.9 years
Finance leases3.3 years3.5 years
Discount rate:
Operating leases9.7 %9.6 %
Finance leases7.6 %7.6 %
Finance Lease, Liability, Fiscal Year Maturity
Future lease payments under lease agreements for our facilities, Energy Servers and vehicles as of March 31, 2022 were as follows (in thousands):
Operating LeasesFinance Leases
Remainder of 2022$13,357 $725 
202319,971 935 
202418,096 771 
202518,320 301 
202617,901 97 
Thereafter76,472 — 
Total minimum lease payments164,117 2,829 
Less: amounts representing interest or imputed interest(46,863)(12)
Present value of lease liabilities$117,254 $2,817 
At March 31, 2022, 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
Remainder of 2022$32,518 
202344,173 
202442,100 
202541,075 
202636,477 
Thereafter55,780 
Total lease payments252,123 
Less: imputed interest(142,181)
Total lease financing obligations109,942 
Less: current financing obligations(15,172)
Long-term lease financing obligations$94,770 
Lessee, Operating Lease, Liability, Maturity
Future lease payments under lease agreements for our facilities, Energy Servers and vehicles as of March 31, 2022 were as follows (in thousands):
Operating LeasesFinance Leases
Remainder of 2022$13,357 $725 
202319,971 935 
202418,096 771 
202518,320 301 
202617,901 97 
Thereafter76,472 — 
Total minimum lease payments164,117 2,829 
Less: amounts representing interest or imputed interest(46,863)(12)
Present value of lease liabilities$117,254 $2,817 
At March 31, 2022, 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
Remainder of 2022$32,518 
202344,173 
202442,100 
202541,075 
202636,477 
Thereafter55,780 
Total lease payments252,123 
Less: imputed interest(142,181)
Total lease financing obligations109,942 
Less: current financing obligations(15,172)
Long-term lease financing obligations$94,770 
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):
March 31,December 31,
20222021
Lease payment receivables, net1
$42,990 $44,378 
Estimated residual value of leased assets (unguaranteed)890 890 
Net investment in sales-type leases43,880 45,268 
Less: current portion(5,875)(5,784)
Non-current portion of net investment in sales-type leases$38,005 $39,484 
1 Net of current estimated credit losses of approximately $0.1 million as of March 31, 2022 and December 31, 2021.
Sales-type Leases, Lease Receivable, Maturity
As of March 31, 2022, the future scheduled customer payments from sales-type leases were as follows (in thousands):
Future Minimum Lease Payments
Remainder of 2022$4,636 
20236,435 
20246,797 
20257,125 
20267,491 
Thereafter11,690 
Total undiscounted cash flows44,174 
Less: imputed interest(1,133)
Present value of lease payments1
$43,041 
1 Amount comprises a current and long-term portion of lease receivables of $5.9 million and $38.0 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 condensed 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 March 31, 2022, were as follows (in thousands):
Operating Leases
Remainder of 2022$32,305 
202344,570 
202446,373 
202547,435 
202648,610 
Thereafter215,029 
Total lease payments$434,322