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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 141,354 $ 220,321
Restricted cash 31,587 19,823
Accounts receivable, net of allowance of $1.7 million and $12.2 million as of December 31, 2023 and 2022, respectively 9,188 8,336
Interest rate swap assets, current 11,333 10,183
Prepaid expenses and other current assets 9,879 5,316
Current assets of discontinued operations 0 10,977
Total current assets 203,341 274,956
Investment related to SEMTH master lease agreement 143,095 0
Property and equipment, net 484,406 396,168
Interest rate swap assets, non-current 16,550 22,069
Intangible assets, net 10,196 0
Deferred rent assets 2,454 1,626
Right-of-use assets, net 5,933 2,802
Goodwill 28,757 128,548
Other assets 257 383
Long-term assets of discontinued operations 32 0
Total assets 895,021 826,552
Current liabilities    
Accounts payable 1,120 2,904
Non-recourse debt, current 27,914 25,314
Accrued expenses and other current liabilities 40,634 21,509
Deferred revenue, current 878 39
Lease liability, current 1,166 834
Current liabilities of discontinued operations 0 9,097
Total current liabilities 71,712 59,697
Non-recourse debt, non-current 590,866 474,441
Deferred revenue, non-current 1,858 452
Lease liability, non-current 5,731 2,426
Warrant liabilities 17 256
Unfavorable solar renewable energy agreements, net 6,108 0
Interest rate swap liabilities, non-current 843 0
Other long-term liabilities 3,047 10
Long-term liabilities of discontinued operations 170 294
Total liabilities 680,352 537,576
Commitments and contingencies (Note 15)
Redeemable noncontrolling interests 0 85
Stockholders’ equity:    
Common stock, $0.0001 par value; 350,000,000 shares authorized at December 31, 2023 and 2022; 19,093,186 and 18,292,536 shares issued and outstanding at December 31, 2023, respectively, and 18,046,903 issued and outstanding at December 31, 2022 2 2
Additional paid-in capital 475,654 473,289
Noncontrolling interests 2,325 8,942
Accumulated deficit (257,888) (193,342)
Treasury stock at cost, 800,650 shares and 0 at December 31, 2023 and 2022, respectively (5,424) 0
Total stockholders’ equity 214,669 288,891
Total liabilities, redeemable noncontrolling interests and stockholders’ equity $ 895,021 $ 826,552