7Baggers
Quarterly
Annual
    Unit: USD2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 
      
    		                    
      cash flows from operating activities:
    		                    
      net income
    		-232,000 380,740,000 23,934,000 -18,460,000 -867,000 9,684,000 24,394,000 15,295,000 13,233,000 13,336,000 -3,489,000 16,167,000 7,098,000 4,606,000 3,671,000 11,166,000 4,663,000 9,539,000 3,950,000 -60,346,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                    
      depreciation and amortization of property and equipment
    		50,544,000 49,509,000 47,833,000 47,336,000 45,138,000 41,285,000 38,791,000 37,416,000 36,791,000 36,013,000 32,518,000 31,348,000 30,236,000 29,803,000 28,558,000 27,356,000 28,989,000 25,718,000 24,603,000 24,448,000 
      amortization of customer relationships
    		1,562,000 1,563,000 1,562,000 1,563,000 1,562,000                
      loss on disposal of property and equipment
    		348,000   193,000 32,000   79,000 185,000 38,000 60,000 438,000 41,000 64,000 43,000 397,000 182,000 413,000 214,000 545,000 
      deferred income taxes
    		409,000 1,803,000 4,240,000 -1,629,000 -278,000 1,911,000 2,654,000 1,908,000 1,515,000 1,380,000 -273,000 1,464,000 610,000 442,000 197,000      
      amortization of debt issuance costs and original issue discount
    		663,000 662,000 662,000 661,000 689,000 620,000 583,000 583,000             
      credit loss expense
    		-3,000 53,000 157,000     223,000 -5,000 295,000 18,000          
      unrealized gain on swaps
    		-10,237,000 -4,091,000 -15,994,000                  
      loss on extinguishment of debt
    		   0    0            0 
      equity in net incomees on investments
    		   281,000 326,000 379,000 220,000              
      gain on termination of tax receivable agreement
    		0                    
      gain on sale of equity method investment
    		   0 0 0 -5,374,000              
      equity-based compensation
    		7,104,000 6,980,000 6,681,000 8,005,000 7,053,000 7,528,000 7,297,000 6,583,000 7,116,000 7,510,000 7,524,000 6,626,000 7,310,000 7,443,000 8,145,000 7,539,000 7,628,000 8,209,000 12,357,000 79,911,000 
      amortization of portfolio energy credits
    		442,000 435,000 384,000 277,000    -65,000 616,000 498,000 267,000 608,000 551,000 326,000 359,000 468,000     
      cost of revenue for sales-type leases
    		   0 0 1,000 149,000 0 0 633,000 2,803,000          
      changes in operating assets and liabilities:
    		                    
      accounts receivable
    		-9,776,000 3,609,000 -6,603,000 10,317,000 516,000 -6,635,000 169,000 -4,235,000 216,000 -1,910,000 5,944,000 -3,485,000 -2,977,000 -4,194,000 5,164,000 -1,688,000 -3,360,000 7,938,000 -3,077,000 -3,072,000 
      prepaid expenses
    		-2,652,000 2,987,000 -1,192,000 -1,576,000 -1,372,000 3,328,000 -514,000 -2,722,000 -1,367,000 2,601,000 454,000 -594,000 -2,462,000 2,231,000 50,000 -2,849,000 43,000 1,187,000 -125,000 -950,000 
      other current assets
    		-226,000 -370,000 62,000 253,000 -267,000 -440,000 108,000 529,000 431,000 1,248,000 -626,000 -449,000 -69,000 -20,000 -7,000 -41,000 -90,000 430,000 -530,000 -137,000 
      other assets
    		499,000 1,900,000 872,000 645,000 -995,000 -753,000 -444,000 593,000 -313,000 748,000 411,000 5,509,000 -453,000 -1,029,000 -580,000 -2,245,000 -2,255,000 -724,000 -129,000 -473,000 
      accounts payable
    		6,294,000 5,762,000 -8,848,000 -2,630,000 6,448,000 3,433,000 1,001,000 -2,895,000 2,645,000 -1,923,000 1,987,000 -3,583,000 3,184,000 1,708,000 -2,201,000 -1,250,000 1,370,000 -694,000 262,000 3,344,000 
      accrued salaries and benefits
    		4,537,000 1,759,000 1,530,000 -7,423,000 4,703,000 1,833,000 2,245,000 -8,524,000 4,206,000 2,349,000 1,025,000 -6,798,000 2,729,000 4,390,000 249,000 -4,713,000 1,546,000 3,746,000 -532,000  
      accrued interest
    		-526,000 824,000 -755,000 374,000 -458,000 7,110,000 -5,581,000              
      accrued expenses and other
    		10,827,000 5,976,000 -1,705,000 -2,374,000 4,520,000 277,000 965,000              
      deferred revenue
    		8,355,000 -1,421,000 3,844,000 102,000 2,571,000 -3,051,000 4,472,000 692,000 1,596,000 -4,138,000 -2,261,000 -5,063,000 13,092,000 3,326,000 1,082,000 2,227,000 648,000 -779,000 100,000 1,673,000 
      customer deposits
    		-22,000 291,000 372,000 104,000 487,000 493,000 456,000 520,000 173,000 527,000 298,000 388,000 380,000 -129,000 229,000 258,000 308,000 392,000 370,000 695,000 
      operating lease liabilities
    		-938,000 -575,000 -537,000 -118,000 -1,461,000 -963,000 -1,141,000 -1,310,000 -1,302,000 -1,300,000 -1,281,000          
      other long-term liabilities
    		17,000 -185,000 -180,000 -184,000 -141,000 -125,000 -121,000 -119,000 -116,000 -112,000 -92,000 -971,000 -115,000 817,000 -61,000 -60,000     
      net cash from operating activities
    		66,989,000 85,472,000 56,512,000 64,518,000 64,445,000 67,325,000 64,497,000 46,905,000 67,844,000 58,933,000 62,558,000 36,217,000 64,241,000 57,033,000 51,922,000 37,415,000 44,684,000 56,802,000 39,429,000 39,312,000 
      capex
    		-152,404,000 -135,514,000 -150,433,000 -124,029,000 -135,873,000 -95,362,000 -100,424,000 -97,944,000 -82,644,000 -85,554,000 -80,898,000 -86,416,000 -121,165,000 -54,185,000 -45,946,000 -54,380,000 -60,371,000 -99,386,000 -61,387,000 -118,550,000 
      free cash flows
    		-85,415,000 -50,042,000 -93,921,000 -59,511,000 -71,428,000 -28,037,000 -35,927,000 -51,039,000 -14,800,000 -26,621,000 -18,340,000 -50,199,000 -56,924,000 2,848,000 5,976,000 -16,965,000 -15,687,000 -42,584,000 -21,958,000 -79,238,000 
      cash flows from investing activities:
    		                    
      acquisition of a business, net of cash acquired
    		0   -2,680,000 0                
      acquisition of property and equipment
    		-152,404,000 -135,514,000 -150,433,000 -124,029,000 -135,873,000 -95,362,000 -100,424,000 -97,944,000 -82,644,000 -85,554,000 -80,898,000 -86,416,000 -121,165,000 -54,185,000 -45,946,000 -54,380,000 -60,371,000 -99,386,000 -61,387,000 -118,550,000 
      purchase of portfolio energy credits
    		-576,000 -840,000 -542,000 -515,000 -496,000 -256,000 -1,500,000 -645,000 -480,000 -300,000 -601,000 -608,000 -551,000 -245,000 -299,000 -609,000 -1,932,000 -35,000 -32,000 -105,000 
      purchase of equity method investment
    		   0 0 0 -2,200,000              
      proceeds from sale of equity method investment
    		   0 0 0 4,900,000              
      proceeds from sale of property and equipment
    		31,000 0 378,000 0 0   0 0   0 15,000 2,000 16,000 37,000    0 
      net cash from investing activities
    		-152,949,000 -140,032,000 -150,597,000 -127,224,000 -136,369,000 -502,679,000 -99,224,000 -98,589,000 -83,124,000 -85,852,000 -81,499,000 -87,024,000 -121,701,000 -54,428,000 -46,229,000 -54,952,000 -58,770,000 -101,907,000 -62,466,000 -111,023,000 
      cash flows from financing activities:
    		                    
      proceeds from borrowings, net of original issue discount
    		110,000,000 70,000,000 100,000,000 90,000,000                 
      payment of debt issuance costs
    		   0                 
      repayment of borrowings, including finance lease liabilities
    		-1,032,000 -1,032,000 -1,031,000 -1,034,000 -30,000 -20,029,000 -46,000 -28,000 -462,028,000 -1,522,000 -1,671,000          
      change in long-term deposit
    		-1,216,000 -2,431,000 -3,218,000 -3,200,000 -3,450,000 -1,262,000 877,000 -419,000 -127,000 -41,000 1,659,000 -1,223,000 -393,000 -6,000 2,543,000 0     
      payment of tax withholdings upon settlement of restricted stock unit awards
    		-820,000 -609,000 -12,104,000 -301,000 -550,000 -160,000 -5,782,000 -61,000 -342,000 -126,000 -4,040,000 -7,000 -98,000 -5,000 -1,338,000 -5,000 -7,000 -7,000 -1,213,000  
      proceeds from exercise of stock options
    		1,915,000 3,328,000 2,445,000 1,325,000 3,658,000   0 125,000            
      dividends paid to class a common stockholders
    		-8,237,000 -7,911,000 -7,811,000 -7,618,000 -7,214,000 -6,546,000 -6,377,000 -5,952,000 -5,447,000 -3,135,000 -2,795,000 -2,639,000 -2,480,000   -812,000 -765,000    
      distributions paid to noncontrolling interest
    		-4,625,000 -4,942,000 -5,028,000 -5,369,000 -5,652,000 -5,659,000 -5,782,000 -6,128,000 -6,590,000 -4,114,000 -4,222,000 -4,364,000 -4,652,000        
      net cash from financing activities
    		95,985,000 56,403,000 73,253,000 73,713,000 22,348,000 485,256,000 -17,110,000 -13,678,000 139,631,000 -6,062,000 58,931,000 23,050,000 49,769,000 -29,394,000 -295,000 -5,414,000 -65,407,000 -9,452,000 -3,068,000 328,385,000 
      net decrease in cash, cash equivalents, and restricted cash
    		10,025,000 1,843,000 -20,832,000                  
      cash, cash equivalents, and restricted cash—beginning of period
    		0 0 50,215,000  0                
      cash, cash equivalents, and restricted cash—end of period
    		10,025,000 1,843,000 29,383,000  -49,576,000                
      supplemental disclosures of cash flow information:
    		                    
      cash paid for interest, net of amounts capitalized
    		16,524,000 12,861,000 13,449,000 12,639,000 15,054,000 2,567,000 13,852,000 2,818,000 5,514,000 6,326,000 7,106,000 6,196,000 6,487,000   6,318,000 6,905,000   6,651,000 
      supplemental disclosures of non-cash investing and financing information:
    		                    
      increase in liabilities incurred to acquire property and equipment
    		11,048,000 4,336,000 -23,114,000 22,013,000 -14,371,000 21,756,000 3,141,000 1,737,000 -558,000   13,719,000 7,840,000   -4,089,000 7,354,000   -34,043,000 
      increase in accrued construction payables incurred related to long-term deposit
    		-904,000   -1,222,000 578,000   -466,000 410,000   179,000 68,000        
      increase in liabilities related to remaining purchase price for the acquisition of a business
    		   -2,829,000 0                
      increase in noncontrolling interest as a result of exchanges for class a common stock
    		                    
      recognition of liabilities under tax receivable agreement
    		0 35,436,000 16,841,000 36,606,000 32,694,000 14,973,000 32,477,000 35,175,000 9,605,000 52,811,000 19,198,000 29,560,000 20,505,000   7,105,000 5,896,000    
      increase in deferred tax asset resulting from changes in outside basis difference on investment in switch, ltd.
    		47,056,000 23,439,000 15,294,000 30,137,000 27,576,000 10,691,000 26,752,000 27,440,000 4,915,000 44,394,000 16,610,000 25,774,000 15,671,000        
      right-of-use assets obtained in exchange for new operating lease liabilities
    		1,650,000   277,000 -459,000 4,405,000 3,434,000              
      decrease in distributions payable on unvested common units
    		0 0 -97,000  -165,000                
      increase in dividends payable on unvested restricted stock units
    		169,000 169,000 148,000 163,000 170,000 170,000 185,000 166,000 182,000 110,000 96,000 79,000 99,000        
      dividends payable settled with shares of class a common stock
    		33,000 16,000 555,000 7,000 27,000 7,000 308,000 2,000 11,000 5,000 129,000 0 2,000        
      increase in liabilities related to purchase of portfolio energy credits
    		38,000                    
      reconciliation of cash, cash equivalents, and restricted cash:
    		                    
      cash and cash equivalents
    		10,025,000 3,733,000 27,493,000 13,085,000 -49,576,000                
      restricted cash
    		  1,890,000 -2,078,000 0                
      total cash, cash equivalents, and restricted cash
    		10,025,000 1,843,000 29,383,000 11,007,000 -49,576,000                
      increase in liabilities incurred related to deferred debt issuance costs
    		                    
      decrease in noncontrolling interest as a result of exchanges for class a common stock
    		 -4,245,000 -7,766,000 -15,976,000 -14,917,000 -9,201,000 -22,364,000 -26,198,000 -5,236,000 -31,840,000 -13,403,000 -15,538,000 -18,550,000        
      gain on disposal of property and equipment
    		  193,000                  
      decrease in accrued construction payables incurred related to long-term deposit
    		  -1,500,000    -41,000    -882,000          
      increase in receivables due to sale of property and equipment
    		      931,000              
      credit loss (benefit) expense
    		                    
      unrealized (gain) loss on swaps
    		   -5,881,000 -4,293,000                
      litigation settlement expense
    		                    
      offering costs paid on issuance of class a shares upon litigation settlement
    		                    
      repurchase of common units
    		       0 0   -66,341,000 -11,108,000   0     
      net increase in cash, cash equivalents, and restricted cash
    		   11,007,000 -49,576,000                
      cash, cash equivalents, and restricted cash—beginning of year
    		                    
      cash, cash equivalents, and restricted cash—end of year
    		                    
      increase in accounts payable incurred related to long-term deposit
    		                    
      right-of-use assets obtained in exchange for new finance lease liabilities
    		                    
      increase in distributions payable on unvested common units
    		      -86,000 -46,000 -7,000 -180,000 82,000 77,000 73,000        
      increase in property and equipment related to transfer from long-term deposit
    		                    
      decrease in accounts receivable due to refund of long-term deposit
    		                    
      proceeds from borrowings
    		       0 620,000,000 20,000,000 70,000,000 100,000,000        0 
      payment of debt issuance costs and original issue discount
    		       -1,090,000             
      (gain) loss on disposal of property and equipment
    		      -193,000              
      credit (benefit) loss expense
    		      -77,000              
      unrealized (gain) loss on interest rate swaps
    		      -5,562,000              
      net increase in cash and cash equivalents
    		      -51,837,000 -65,362,000 124,351,000 -32,981,000 39,990,000    5,398,000      
      cash and cash equivalents—beginning of period
    		      90,719,000  0 0 24,721,000  0 0 81,560,000  0 0 264,666,000  
      cash and cash equivalents—end of period
    		      38,882,000  124,351,000 -32,981,000 64,711,000  -7,691,000 -26,789,000 86,958,000  -79,493,000 -54,557,000 238,561,000  
      unrealized loss on interest rate swaps
    		       -2,158,000 -811,000 2,151,000 16,745,000 -3,435,000 3,684,000 8,780,000 4,985,000      
      equity in losses on investments
    		                  331,000  
      acquisition of intangible asset
    		               0 0   0 
      settlement of option loans
    		                    
      cash and cash equivalents—beginning of year
    		                    
      cash and cash equivalents—end of year
    		                    
      right-of-use assets obtained in exchange for new finance leases
    		                    
      increase in accounts receivable due to refund of long-term deposit
    		                    
      settlement of liability incurred upon acquisition of capital lease asset
    		                    
      distributions used for payment of option loans and related interest
    		                0   1,000 
      net investment in sales-type leases
    		                    
      accrued expenses
    		        2,351,000 -1,420,000 117,000 1,408,000 1,028,000 -1,891,000 1,653,000 438,000 1,459,000 98,000 1,314,000 -7,057,000 
      increase in property and equipment related to transfer of long-term deposit
    		        0 0 244,000          
      increase in accounts payable related to long-term deposit
    		                    
      right-of-use assets obtained in exchange for new operating leases
    		                    
      property and equipment obtained in exchange for new finance leases
    		        0 -7,000 145,000          
      amortization of debt issuance costs
    		         409,000 409,000 409,000 409,000 409,000 409,000 409,000 409,000 409,000 409,000 402,000 
      decrease in liabilities incurred to acquire property and equipment
    		          -13,532,000          
      dividends and distributions declared but not paid
    		                    
      benefit for doubtful accounts
    		           34,000 -35,000 -49,000 -23,000      
      equity in net incomees of investments
    		               0 0    
      cost of revenue for sales-type lease
    		                    
      accrued impact fee expense
    		                   0 
      proceeds from notes receivable
    		                   0 
      proceeds from issuance of class a common stock, net of offering costs
    		                    
      payment of debt issuance and extinguishment costs
    		                    
      distributions declared but not paid
    		                   -6,067,000 
      repayment of borrowings, including capital lease obligations
    		            -1,500,000 -1,500,000 -1,500,000 -1,833,000 -1,500,000 -1,500,000 -1,500,000 -233,691,000 
      net decrease in cash and cash equivalents
    		            -7,691,000      -26,105,000  
      escrow deposit
    		                 -2,461,000 -1,047,000  
      bad debt expense
    		               124,000     
      amortization of notes receivable discount
    		                    
      impairment of equity method investment
    		                    
      purchase of notes receivable
    		                    
      distributions paid to noncontrolling interest/members
    		                    
      settlement of unit option loans
    		                    
      repurchase of unit options
    		                    
      taxes paid on behalf of employees for unit option exercises
    		                    
      (settlement of) liability incurred upon acquisition of capital lease asset
    		                    
      increase in accounts receivable related to refund of long-term deposit
    		                    
      dividends payable on unvested restricted stock units
    		               30,000 34,000    
      distributions used for payment of unit option loans and related interest
    		                    
      increase in deferred tax asset as a result of exchanges for class a common stock
    		               7,575,000 1,588,000    
      net settlement of outstanding vested unit options
    		                    
      forgiveness of note receivable in exchange for capital lease asset
    		                    
      income tax expense
    		                1,212,000    
      debt issuance costs on new loan
    		                   -142,000 
      deferred offering costs paid
    		                    
      distributions paid to non-controlling interest/members
    		                -2,805,000    
      decrease in non-controlling interest as a result of exchanges for class a common stock
    		                -7,466,000    
      increase in liabilities incurred related to deferred offering costs
    		                    
      reimbursement of costs in property and equipment related to substation agreement
    		                    
      reimbursement of costs in long-term deposits related to substation agreement
    		                    
      bad debts
    		                 9,000 83,000 251,000 
      other long term liabilities
    		                    
      change in long term deposit
    		                 -641,000 -355,000  
      increase in liabilities incurred related to debt refinancing
    		                    
      income tax benefit
    		                  -115,000  
      accrued interest, capital lease obligations
    		                  -56,000 -54,000 
      distributions paid to members
    		                    
      equity in net incomees (earnings) on investments
    		                    
      gain on sale of asset
    		                    
      planet3 impairment
    		                    
      other income
    		                    
      purchase of investments
    		                    
      proceeds from issuance of common stock sold in initial public offering, net of offering costs
    		                    
      long-term deposit
    		                    
      issuance of membership units upon exercise of unit options
    		                    
      taxes paid for net settlement of exercised options
    		                    
      distributions paid to members and non-controlling interests
    		                    
      repurchase of member options
    		                    
      net increase in cash
    		                    
      cash — beginning of year
    		                    
      cash — end of year
    		                    
      liability incurred upon acquisition of capital lease asset
    		                    
      liability incurred related to investment in planet3
    		                    
      net settlement of recourse notes including interest issued to members
    		                    
      net settlement of outstanding vested options
    		                    
      cash distributions
    		                    
      net decrease in cash
    		                    
      cash - beginning of period
    		                    
      cash - end of period
    		                    
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.