Quarterly report pursuant to Section 13 or 15(d)

Derivatives (Tables)

v3.21.2
Derivatives (Tables)
 9 Months Ended
Sep. 30, 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

 

September 30,
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 within the Consolidated Statements of Income are as follows:

 

 

Three months ended
September 30,

 

 

Nine months ended
September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Loss on interest rate contracts

 

$

—

 

 

$

8

 

 

$

—

 

 

$

3,302

 

Loss on Redeemable Preferred Unit embedded derivatives

 

 

16,302

 

 

 

—

 

 

 

36,914

 

 

 

—

 

Total derivatives not designated as hedging instruments

 

$

16,302

 

 

$

8

 

 

$

36,914

 

 

$

3,302