| Investment Funds and Equity Method Investments |
INVESTMENT FUNDS AND EQUITY METHOD INVESTMENTS Investment Funds
The table below presents a summary of amounts related to our investment funds, which we determined meet the definition of a variable interest entity (“VIE”) as of:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, |
|
December 31, |
|
|
|
|
|
|
|
|
|
|
|
2021(1)
|
|
2020(1)
|
|
|
|
|
|
|
| Cash and cash equivalents |
$ |
5,691 |
|
|
$ |
5,828 |
|
|
|
|
|
|
|
|
|
|
|
| Restricted cash |
2,438 |
|
|
3,185 |
|
|
|
|
|
|
|
|
|
|
|
| Accounts receivable, net |
592 |
|
|
834 |
|
|
|
|
|
|
|
|
|
|
|
| Costs and estimated earnings in excess of billings |
1,331 |
|
|
968 |
|
|
|
|
|
|
|
|
|
|
|
| Prepaid expenses and other current assets |
90 |
|
|
120 |
|
|
|
|
|
|
|
|
|
|
|
| Total VIE current assets |
10,142 |
|
|
10,935 |
|
|
|
|
|
|
|
|
|
|
|
| Property and equipment, net |
1,266 |
|
|
1,266 |
|
|
|
|
|
|
|
|
|
|
|
| Energy assets, net |
140,881 |
|
|
143,133 |
|
|
|
|
|
|
|
|
|
|
|
| Operating lease assets |
6,394 |
|
|
6,439 |
|
|
|
|
|
|
|
|
|
|
|
| Other assets |
453 |
|
|
425 |
|
|
|
|
|
|
|
|
|
|
|
| Total VIE assets |
$ |
159,136 |
|
|
$ |
162,198 |
|
|
|
|
|
|
|
|
|
|
|
| Current portions of long-term debt and financing lease liabilities |
$ |
2,215 |
|
|
$ |
2,230 |
|
|
|
|
|
|
|
|
|
|
|
| Accounts payable |
150 |
|
|
311 |
|
|
|
|
|
|
|
|
|
|
|
| Accrued expenses and other current liabilities |
466 |
|
|
1,092 |
|
|
|
|
|
|
|
|
|
|
|
| Current portions of operating lease liabilities |
130 |
|
|
125 |
|
|
|
|
|
|
|
|
|
|
|
| Total VIE current liabilities |
2,961 |
|
|
3,758 |
|
|
|
|
|
|
|
|
|
|
|
| Long-term debt and financing lease liabilities, net of current portion, unamortized discount and debt issuance costs |
22,391 |
|
|
22,822 |
|
|
|
|
|
|
|
|
|
|
|
| Long-term operating lease liabilities, net of current portion |
6,195 |
|
|
6,220 |
|
|
|
|
|
|
|
|
|
|
|
| Other liabilities |
1,067 |
|
|
535 |
|
|
|
|
|
|
|
|
|
|
|
| Total VIE liabilities |
$ |
32,614 |
|
|
$ |
33,335 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) The amounts in the above table are reflected in Note 1 on our condensed consolidated balance sheets. |
See Note 13 for additional information on the call and put options.
Equity Method Investments
Unconsolidated joint ventures are accounted for under the equity method. For these joint ventures, our investment balances are included in other assets on the condensed consolidated balance sheets and our pro rata share of net income or loss is included in operating income.
The following table provides information about our equity method investments in joint ventures:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of |
|
|
|
|
|
March 31, 2021 |
|
December 31, 2020 |
| Equity method investments |
|
|
|
|
$ |
1,068 |
|
|
$ |
1,189 |
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
|
|
|
|
March 31, 2021 |
|
March 31, 2020 |
| Expense recognized |
|
|
|
|
$ |
62 |
|
|
$ |
53 |
|
|