Hannon Armstrong Sustainable Infrastructure Capital, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Equity Method Investments

Equity Method Investments

3 Months Ended

Mar. 31, 2018

Equity Method Investments and Joint Ventures [Abstract]

We have non-controlling unconsolidated equity investments in renewable energy projects. We recognized a net loss from our equity method investments of $2.3 million during the three months ended March 31, 2018, respectively, as compared to income of $4.2 million during the three months ended March 31, 2017. The net loss from our equity method investments for the three months ended March 31, 2018 was primarily the result of an HLBV allocation from one wind project, as discussed in Note 6. We describe our accounting for equity method investments in Note 2.

The following is a summary of the consolidated financial position and results of operations of the significant entities accounted for using the equity method.



	Buckeye Wind Energy Class B Holdings, LLC			MM Solar Parent, LLC		Helix Fund I, LLC		Other Investments ⁽¹⁾			Total
	(in millions)
Balance Sheet
As of December 31, 2017
Current assets	$	3		$	3	$	1	$	96		$	103
Total assets	286			85		28		2,686			3,085
Current liabilities	1			5		—		66			72
Total liabilities	11			37		—		324			372
Members' equity	275			48		28		2,362			2,713
As of December 31, 2016
Current assets	5			3		—		73			81
Total assets	297			88		11		2,684			3,080
Current liabilities	1			4		—		39			44
Total liabilities	7			40		—		252			299
Members' equity	290			48		11		2,432			2,781
Income Statement
For the year ended December 31, 2017
Revenue	12			11		2		270			295
Income from continuing operations	(8		)	4		1		(23		)	(26		)
Net income	(8		)	4		1		(23		)	(26		)
For the year ended December 31, 2016
Revenue	13			12		—		262			287
Income from continuing operations	(6		)	5		—		18			17
Net income	(6		)	5		—		18			17

(1) Represents aggregated financial statement information for investments not separately presented.