Quarterly report [Sections 13 or 15(d)]

VARIABLE INTEREST ENTITIES AND EQUITY METHOD INVESTMENTS (Tables)

v3.25.2
VARIABLE INTEREST ENTITIES AND EQUITY METHOD INVESTMENTS (Tables)
6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of Variable Interest Entities
The table below presents a summary of amounts related to our consolidated investment funds and joint ventures, which we determined meet the definition of a variable interest entity (“VIE”), as of:
June 30, 2025 (1)
December 31, 2024 (1)
Investment Funds Other VIEs Total VIEs Investment Funds Other VIEs Total VIEs
Cash and cash equivalents $ 76  $ 21,522  $ 21,598  $ 89  $ 8,691  $ 8,780 
Restricted cash —  11,183  11,183  —  —  — 
Accounts receivable, net —  15,318  15,318  —  14,607  14,607 
Unbilled revenue 419  62,054  62,473  230  4,040  4,270 
Prepaid expenses and other current assets 30  9,067  9,097  30  7,089  7,119 
Income taxes receivable —  1,982  1,982  —  672  672 
Total VIE current assets 525  121,126  121,651  349  35,099  35,448 
Energy assets, net 22,772  84,104  106,876  23,538  98,876  122,414 
Deferred income tax assets, net —  2,349  2,349  —  —  — 
Intangible assets, net —  —  —  —  20  20 
Right-of-use assets, net 464  —  464  471  —  471 
Restricted cash, non-current portion —  1,746  1,746  —  —  — 
Other assets —  107  107  —  195  195 
Total VIE assets $ 23,761  $ 209,432  $ 233,193  $ 24,358  $ 134,190  $ 158,548 
Current portions of long-term debt and financing lease liabilities $ —  $ 25,773  $ 25,773  $ —  $ —  $ — 
Accounts payable 15  60,987  61,002  27  5,140  5,167 
Accrued expenses and other current liabilities 13  2,323  2,336  25  577  602 
Current portions of operating lease liabilities 13  —  13  13  —  13 
Deferred revenue —  14,173  14,173  —  10,063  10,063 
Income taxes payable —  414  414  —  526  526 
Total VIE current liabilities 41  103,670  103,711  65  16,306  16,371 
Long-term operating lease liabilities, net of current portion 472  —  472  500  —  500 
Total VIE liabilities $ 513  $ 103,670  $ 104,183  $ 565  $ 16,306  $ 16,871 
(1) The amounts in the above table are reflected in Note 1 on our condensed consolidated balance sheets.
Summary of Equity Method Investments
The following table provides information about our equity and cost method investments in joint ventures:
As of
June 30, 2025 December 31, 2024
Equity and cost method investments $ 42,983  $ 16,987