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Investment in leases, financing receivables, net (Tables)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2022
Investments, All Other Investments [Abstract]    
Summary of Company's Investment in Leases The following is a summary of the balances of the Company's Investment in leases, financing receivables, net.
June 30,
2022
December 31,
2021
(in thousands)
Minimum lease payments receivable$6,740,133 $4,012,937 
Estimated residual values of lease property (unguaranteed)940,885 601,947 
Total7,681,018 4,614,884 
Less: Unearned income(5,769,275)(3,400,988)
Less: Allowance for credit losses(41,104)(12,226)
Investment in leases - financing receivables, net$1,870,639 $1,201,670 
 
Summary of Minimum Lease payments Owed to Us  
At June 30, 2022, minimum lease payments owed to us for each of the five succeeding years under the Company's financing receivables was as follows (in thousands):
Year ending December 31,Future Minimum Lease Payments
2022 (remainder of year)$63,605 
2023127,222 
2024129,286 
2025131,532 
2026133,816 
Thereafter6,154,672 
Total$6,740,133 
Rollforward of Reserves for Direct Financing Leases  
The rollforward of the allowance for credit losses for the Company's financing receivables is illustrated below (in thousands):

Maryland Live! LeasePennsylvania Live! Master LeaseTotal
Balance at December 31, 2021$12,226 $— $12,226 
Change in allowance(5,621)32,277 26,656 
Ending balance at March 31, 20226,605 32,277 38,882 
Change in allowance1,783 439 2,222 
Ending balance at June 30, 2022
$8,388 $32,716 $41,104 
Summary of Amortized Cost Basis of Company's Investment in Leases by Year of Origination  
The amortized cost basis of the Company's investment in leases, financing receivables by year of origination is shown below as of June 30, 2022 (in thousands):

Origination year
20222021Total
Investment in leases, financing receivables$691,674 $1,220,069 $1,911,743 
Allowance for credit losses(32,716)(8,388)(41,104)
Amortized cost basis at June 30, 2022
$658,958 $1,211,681 $1,870,639 
Allowance as a percentage of outstanding financing receivable(4.73)%(0.69)%(2.15)%