Cash and Cash Equivalents

6 Months Ended

Jun. 30, 2020

Cash and Cash Equivalents [Abstract]

CASH AND CASH EQUIVALENTS

Cash and cash equivalents include all cash balances and money market funds with original maturity periods of three months or less when purchased. As of June 30, 2020 and December 31, 2019, cash and cash equivalents included $204.8 million and $138.5 million, respectively, of unrestricted cash held at project-level subsidiaries, which was available for project expenses but not available for corporate use.

Reconciliation of Cash and Cash Equivalents as Presented in the Unaudited Condensed Consolidated Statement of Cash Flows

The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the unaudited condensed consolidated balance sheets to the total of the same such amounts shown in the unaudited condensed consolidated statement of cash flows for the six months ended June 30, 2020:


(In thousands)	June 30, 2020		December 31, 2019
Cash and cash equivalents	$	259,753	$	237,480
Restricted cash - current	37,886		35,657
Restricted cash - non-current	60,156		76,363
Cash, cash equivalents and restricted cash shown in the unaudited condensed consolidated statement of cash flows	$	357,795	$	349,500

As discussed in Note 9. Long-term Debt, the Company was in default under certain of its non-recourse financing agreements as of the date of the issuance of the financial statements for the six months ended June 30, 2020, and for the year ended December 31, 2019. As a result, the Company reclassified $10.6 million and $11.0 million of non-current restricted cash to current as of June 30, 2020 and December 31, 2019, respectively, consistent with the corresponding debt classification, as the restrictions that required the cash balances to be classified as non-current restricted cash were driven by the financing

agreements.

TerraForm Power NY Holdings, Inc. 10-Q