Annual report pursuant to Section 13 and 15(d)

Derivatives (Tables)

v3.22.0.1
Derivatives (Tables)
 12 Months Ended
Dec. 31, 2021
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Summary of Fair Value of Derivatives not Designated as Hedging Instruments

The fair value of derivatives not designated as hedging instruments are as follows:

 

 

 

Derivative Liabilities

 

 

 

Balance Sheet Location

 

December 31,
2021

 

 

December 31,
2020

 

Redeemable Preferred Unit embedded derivatives

 

Accounts payable and accrued liabilities

 

$

—

 

 

$

30,423

 

Total derivatives

 

 

 

$

—

 

 

$

30,423

 
Summary of Gains and Losses Recognized in Earnings

The gains and losses recognized in earnings for derivatives in Other non-operating income (loss) within the Consolidated Statements of Income are as follows:

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

Loss on interest rate contracts

 

$

—

 

 

$

3,208

 

 

$

5,155

 

Loss on Redeemable Preferred Unit embedded derivatives

 

 

36,914

 

 

 

28,717

 

 

 

—

 

Total derivatives not designated as hedging instruments

 

$

36,914

 

 

$

31,925

 

 

$

5,155