13. Equity Method Investments
We have non-controlling
unconsolidated equity investments in renewable energy projects.
During the years ended December 31, 2017, 2016, and 2015 we
recognized income of $22.3 million, $6.1 million, and
$(0.1) million respectively, from our equity method investments. We
describe our accounting for the non-controlling equity investments in
Note 2.
The following is a summary of the consolidated financial position
and results of operations of our investments accounted for using
the equity method. As discussed in Note 2, we have elected to
recognize earnings from these investments one quarter in arrears to
allow for the receipt of financial information. We have included
below the latest information that is available.
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Buckeye Wind
Energy Class
B Holdings,
LLC |
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MM
Solar
Parent,
LLC |
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Helix Fund
I, LLC |
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Other
investments (1) |
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Total |
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(in millions)
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Balance Sheet
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As of September 30, 2017
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Current assets
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$ |
4 |
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$ |
4 |
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$ |
1 |
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$ |
116 |
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$ |
125 |
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Total assets
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287 |
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87 |
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28 |
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2,775 |
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3,177 |
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Current liabilities
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1 |
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5 |
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— |
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61 |
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67 |
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Total liabilities
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8 |
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37 |
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— |
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274 |
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319 |
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Members’ equity
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279 |
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50 |
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28 |
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2,501 |
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2,858 |
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As of December 31, 2016
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Current assets
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5 |
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3 |
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— |
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138 |
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146 |
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Total assets
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297 |
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88 |
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11 |
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2,785 |
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3,181 |
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Current liabilities
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1 |
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4 |
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— |
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40 |
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45 |
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Total liabilities
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7 |
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39 |
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— |
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256 |
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302 |
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Members’ equity
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290 |
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49 |
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11 |
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2,529 |
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2,879 |
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Income Statement
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For the nine months ended September 30, 2017
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Revenue
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9 |
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9 |
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2 |
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264 |
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284 |
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Income from continuing operations
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(5 |
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4 |
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1 |
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31 |
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31 |
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Net income
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(5 |
) |
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4 |
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1 |
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31 |
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31 |
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For the year ended December 31, 2016
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Revenue
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13 |
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12 |
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— |
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282 |
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307 |
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Income from continuing operations
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(6 |
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5 |
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— |
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26 |
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25 |
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Net income
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(6 |
) |
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5 |
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— |
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26 |
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25 |
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For the year ended December 31, 2015
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Revenue
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5 |
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13 |
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— |
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|
292 |
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|
310 |
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Income from continuing operations
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(9 |
) |
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6 |
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— |
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63 |
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60 |
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Net income
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(9 |
) |
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6 |
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— |
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63 |
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60 |
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(1) |
Represents aggregated financial
statement information for investments not separately
presented. |
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