Property and Equipment, Net

3 Months Ended

Mar. 31, 2021

Property, Plant and Equipment [Abstract]

Property and equipment, net consists of the following:


	March 31,		December 31,
	2021		2020
	(in thousands)
Land and land improvements	$	287,638	$	286,706
Buildings, building improvements, and leasehold improvements	588,166		532,938
Substation equipment	19,780		19,780
Data center equipment	1,287,344		1,230,623
Vehicles	2,032		1,974
Core network equipment	38,213		37,327

Fiber facilities	14,552		14,441
Computer equipment, furniture and fixtures	44,313		42,243
Finance lease right-of-use assets	72,933		72,951
Construction in progress	184,482		198,355
Property and equipment, gross	2,539,453		2,437,338
Less: accumulated depreciation and amortization	(738,151)		(699,923)
Property and equipment, net	$	1,801,302	$	1,737,415

Accumulated amortization for finance lease right-of-use assets totaled $14.9 million and $14.3 million as of March 31, 2021 and December 31, 2020, respectively.

During the three months ended March 31, 2021 and 2020, capitalized interest was $1.3 million and $1.8 million, respectively.

Total depreciation and amortization of property and equipment recognized on the consolidated statements of comprehensive income (loss) was as follows:


	Three Months Ended March 31,
	2021		2020
	(in thousands)
Cost of revenue	$	37,729	$	31,228
Selling, general and administrative expense	1,062		1,290
Total depreciation and amortization of property and equipment	$	38,791	$	32,518