Receivables

9 Months Ended

Sep. 30, 2023

Receivables

Receivables

5. Receivables

Accounts and Other Receivables, Net

Accounts and Other Receivables, net is primarily comprised of contractual rents and other lease-related obligations currently due from customers. These amounts (net of an allowance for estimated uncollectible amounts) are shown in the subsequent table as Accounts receivable – trade, net. Other receivables shown separately from Accounts receivable – trade, net consist primarily of amounts that have not yet been billed to customers, such as for utility reimbursements and installation fees.

	Balance as of		Balance as of
(Amounts in thousands):	September 30, 2023		December 31, 2022
Accounts receivable – trade	$	666,069	$	551,393
Allowance for doubtful accounts		(46,643)		(33,048)
Accounts receivable – trade, net		619,426		518,345
Accounts receivable – customer recoveries		254,279		170,012
Value-added tax receivables		270,724		167,459
Accounts receivable – installation fees		80,697		60,663
Other receivables		100,599		52,813
Accounts and other receivables, net	$	1,325,725	$	969,292

Deferred rent, net

Deferred rent, net represents rental income that has been recognized as revenue under ASC 842, but which is not yet due from customers under their existing rental agreements. The Company recognizes an allowance against deferred rent receivables to the extent it becomes no longer probable that a customer or group of customers will be able to make substantially all of their required cash rental payments over the entirety of their respective lease terms. As of September 30, 2023, allowance for deferred rent receivables increased primarily due to a customer bankruptcy.

	Balance as of		Balance as of
(Amounts in thousands):	September 30, 2023		December 31, 2022
Deferred rent receivables	$	619,092	$	612,439
Allowance for deferred rent receivables		(32,674)		(10,849)
Deferred rent, net	$	586,418	$	601,590