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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 34,078,000 $ 9,847,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property and equipment 80,076,000 68,531,000
Amortization of customer relationships 417,000 0
Loss on disposal of property and equipment 179,000 98,000
Deferred income taxes 4,565,000 1,107,000
Amortization of debt issuance costs and original issue discount 1,203,000 818,000
Credit loss (benefit) expense (19,000) 313,000
Unrealized (gain) loss on swaps (4,999,000) 18,896,000
Equity in net losses on investments 599,000 0
Gain on sale of equity method investment (5,374,000) 0
Equity-based compensation 14,825,000 15,034,000
Amortization of portfolio energy credits 0 765,000
Cost of revenue for sales-type leases 150,000 3,436,000
Changes in operating assets and liabilities:    
Accounts receivable (6,466,000) 4,034,000
Prepaid expenses 2,814,000 3,055,000
Other current assets (332,000) 622,000
Other assets (1,197,000) 1,159,000
Accounts payable 4,434,000 64,000
Accrued salaries and benefits 4,078,000 3,374,000
Accrued interest 1,529,000 34,000
Accrued expenses and other 1,242,000 (1,337,000)
Deferred revenue 1,421,000 (6,399,000)
Customer deposits 949,000 825,000
Operating lease liabilities (2,104,000) (2,581,000)
Other long-term liabilities (246,000) (204,000)
Net cash provided by operating activities 131,822,000 121,491,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of a business, net of cash acquired (409,094,000) 0
Acquisition of property and equipment (195,786,000) (166,452,000)
Purchase of portfolio energy credits (1,756,000) (901,000)
Purchase of equity method investment (2,200,000) 0
Proceeds from sale of equity method investment 4,900,000 0
Proceeds from sale of equity method investment 2,033,000 2,000
Net cash used in investing activities (601,903,000) (167,351,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowings 520,000,000 90,000,000
Repayment of borrowings, including finance lease liabilities (20,075,000) (3,193,000)
Payment of debt issuance costs and original issue discount (4,158,000) 0
Change in long-term deposit (385,000) 1,618,000
Payment of tax withholdings upon settlement of restricted stock unit awards (5,942,000) (4,166,000)
Proceeds from exercise of stock options 3,070,000 2,876,000
Repurchase of common units 0 (20,000,000)
Dividends paid to Class A common stockholders (12,923,000) (5,930,000)
Distributions paid to noncontrolling interest (11,441,000) (8,336,000)
Net cash provided by financing activities 468,146,000 52,869,000
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (1,935,000) 7,009,000
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—Beginning of period 90,719,000 24,721,000
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—End of period 88,784,000 31,730,000
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid for interest, net of amounts capitalized 16,419,000 13,432,000
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING INFORMATION:    
Increase (decrease) in liabilities incurred to acquire property and equipment 24,897,000 (15,765,000)
Increase (decrease) in accrued construction payables incurred related to long-term deposit 2,560,000 (869,000)
Increase in liabilities incurred related to deferred debt issuance costs 544,000 0
Increase in liabilities related to remaining purchase price for the acquisition of a business 6,507,000 0
Decrease in noncontrolling interest as a result of exchanges for Class A common stock (31,565,000) (45,243,000)
Recognition of liabilities under tax receivable agreement 47,450,000 72,009,000
Increase in deferred tax asset resulting from changes in outside basis difference on investment in Switch, Ltd. 37,443,000 61,004,000
Right-of-use assets obtained in exchange for new operating lease liabilities 7,839,000 0
Right-of-use assets obtained in exchange for new finance lease liabilities 0 138,000
Decrease in distributions payable on unvested common units (213,000) (98,000)
Increase in dividends payable on unvested restricted stock units 355,000 206,000
Dividends payable settled with shares of Class A common stock 315,000 134,000
Increase in property and equipment related to transfer from long-term deposit 0 244,000
RECONCILIATION OF CASH, CASH EQUIVALENTS, AND RESTRICTED CASH:    
Cash and cash equivalents 84,816,000 31,730,000
Restricted cash 3,968,000 0
Total cash, cash equivalents, and restricted cash $ 88,784,000 $ 31,730,000