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Variable Interest Entities And Equity Method Investments | 6 Months Ended
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Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Variable Interest Entities And Equity Method Investments | VARIABLE INTEREST ENTITIES AND EQUITY METHOD INVESTMENTS 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, |  | December 31, |  |  |  |  |  |  |  |  |  |
| 2022 (1) |  | 2021 (1) |  |  |  |  |  |
Cash and cash equivalents | $ | 5,728 |  |  | $ | 4,915 |  |  |  |  |  |  |  |  |  |  |
Restricted cash | 41 |  |  | 822 |  |  |  |  |  |  |  |  |  |  |
Accounts receivable, net | 1,809 |  |  | 656 |  |  |  |  |  |  |  |  |  |  |
Costs and estimated earnings in excess of billings | 4,405 |  |  | 1,421 |  |  |  |  |  |  |  |  |  |  |
Prepaid expenses and other current assets | 153 |  |  | 151 |  |  |  |  |  |  |  |  |  |  |
Total VIE current assets | 12,136 |  |  | 7,965 |  |  |  |  |  |  |  |  |  |  |
Property and equipment, net | 1,266 |  |  | 1,266 |  |  |  |  |  |  |  |  |  |  |
Energy assets, net | 135,479 |  |  | 108,498 |  |  |  |  |  |  |  |  |  |  |
Operating lease assets | 6,178 |  |  | 6,271 |  |  |  |  |  |  |  |  |  |  |
Restricted cash, net of current portion | 452 |  |  | 418 |  |  |  |  |  |  |  |  |  |  |
Other assets | 36 |  |  | 36 |  |  |  |  |  |  |  |  |  |  |
Total VIE assets | $ | 155,547 |  |  | $ | 124,454 |  |  |  |  |  |  |  |  |  |  |
Current portions of long-term debt and financing lease liabilities | $ | 2,196 |  |  | $ | 2,210 |  |  |  |  |  |  |  |  |  |  |
Accounts payable | 1,170 |  |  | 47 |  |  |  |  |  |  |  |  |  |  |
Accrued expenses and other current liabilities | 716 |  |  | 643 |  |  |  |  |  |  |  |  |  |  |
Current portions of operating lease liabilities | 151 |  |  | 142 |  |  |  |  |  |  |  |  |  |  |
Total VIE current liabilities | 4,233 |  |  | 3,042 |  |  |  |  |  |  |  |  |  |  |
Long-term debt and financing lease liabilities, net of current portion, unamortized discount and debt issuance costs | 20,362 |  |  | 20,952 |  |  |  |  |  |  |  |  |  |  |
Long-term operating lease liabilities, net of current portion | 6,599 |  |  | 6,558 |  |  |  |  |  |  |  |  |  |  |
Other liabilities | 1,057 |  |  | 573 |  |  |  |  |  |  |  |  |  |  |
Total VIE liabilities | $ | 32,251 |  |  | $ | 31,125 |  |  |  |  |  |  |  |  |  |  |
(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 related to our investment funds. Non-controlling Interest Non-controlling interest represents the equity owned by the other joint venture member of a consolidated joint venture. During the six months ended June 30, 2022, the other joint venture member contributed $15,186 to this joint venture which was formed for a specific project. The joint venture did not generate any earnings or losses during the six months ended June 30, 2022. Equity Method Investments Unconsolidated joint ventures are accounted for under the equity method. For these unconsolidated 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 on the condensed consolidated statements of income. We entered into one joint venture in late December 2021, therefore, the activity for the year ended December 31, 2021 was not material. Our results for the three and six months ended June 30, 2022 include activity for this joint venture in the table below. The following table provides information about our equity method investments in joint ventures:
|  |  |  |  | As of
|  |  |  |  | June 30, 2022 |  | December 31, 2021
Equity method investments |  |  |  |  | $ | 10,179 |  |  | $ | 9,206 |
| Three Months Ended June 30, |  | Six Months Ended June 30,
| June 30, 2022 |  | June 30, 2021 |  | June 30, 2022 |  | June 30, 2021
Earnings recognized | $ | 352 |  |  | $ | 41 |  |  | $ | 989 |  |  | $ | 103 |

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- Definition The entire disclosure for a variable interest entity (VIE), including but not limited to, judgments and assumptions in determining whether to consolidate and in identifying the primary beneficiary, gain (loss) recognized on the initial consolidation of the VIE, terms of arrangements, amounts and classification of the VIE's assets and liabilities, and the entity's maximum exposure to loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -URI https://asc.fasb.org/topic&trid=2197479 + Details
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