Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2022

Cash and Cash Equivalents [Abstract]

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


	June 30,		December 31,
	2022		2021
As Held:
Cash	$	241,700	$	318,080
Money market funds	172,479		297,034
	$	414,179	$	615,114
As Reported:
Cash and cash equivalents	$	235,638	$	396,035
Restricted cash	178,541		219,079
	$	414,179	$	615,114

Schedule of 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):


	June 30,		December 31,
	2022		2021
As Held:
Cash	$	241,700	$	318,080
Money market funds	172,479		297,034
	$	414,179	$	615,114
As Reported:
Cash and cash equivalents	$	235,638	$	396,035
Restricted cash	178,541		219,079
	$	414,179	$	615,114

Restricted cash consisted of the following (in thousands):


	June 30,		December 31,
	2022		2021
Current:
Restricted cash	$	48,563	$	89,462
Restricted cash related to PPA Entities1	1,730		3,078
	$	50,293	$	92,540
Non-current:
Restricted cash	$	110,908	$	103,300
Restricted cash related to PPA Entities1	17,340		23,239
	128,248		126,539
	$	178,541	$	219,079

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 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 June 30, 2022 includes $41.1 million and $1.2 million of current restricted cash, respectively, and $42.9 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, 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. These entities are not considered VIEs.