Equity Method Investments
We have non-controlling unconsolidated equity investments in renewable energy projects. During the years ended December 31, 2018, 2017, and 2016 we recognized income (loss) of $22.2 million, $22.3 million, and $6.1 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 the significant entities accounted for using the equity method.
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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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Balance Sheet |
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As of September 30, 2018 |
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Current assets |
$ |
4 |
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$ |
4 |
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$ |
1 |
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$ |
248 |
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$ |
257 |
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Total assets |
280 |
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84 |
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|
27 |
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3,713 |
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4,104 |
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Current liabilities |
3 |
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5 |
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— |
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|
108 |
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|
116 |
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Total liabilities |
13 |
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33 |
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— |
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|
955 |
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1,001 |
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Members’ equity |
267 |
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|
51 |
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|
27 |
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2,758 |
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3,103 |
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As of December 31, 2017 |
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Current assets |
3 |
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3 |
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|
1 |
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|
130 |
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137 |
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Total assets |
286 |
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|
85 |
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28 |
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2,866 |
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3,265 |
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Current liabilities |
1 |
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5 |
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— |
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70 |
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|
76 |
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Total liabilities |
11 |
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36 |
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— |
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|
319 |
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|
366 |
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Members’ equity |
275 |
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|
49 |
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|
28 |
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2,547 |
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2,899 |
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Income Statement |
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For the nine months ended September 30, 2018 |
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Revenue |
10 |
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8 |
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2 |
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197 |
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|
217 |
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Income from continuing operations |
(5 |
) |
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4 |
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|
1 |
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19 |
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19 |
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Net income |
(5 |
) |
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4 |
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1 |
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19 |
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19 |
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For the year ended December 31, 2017 |
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Revenue |
12 |
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|
11 |
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|
2 |
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|
248 |
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|
273 |
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Income from continuing operations |
(8 |
) |
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4 |
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1 |
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(49 |
) |
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(52 |
) |
Net income |
(8 |
) |
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4 |
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1 |
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(49 |
) |
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(52 |
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For the year ended December 31, 2016 |
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Revenue |
13 |
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12 |
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— |
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|
283 |
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|
308 |
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Income from continuing operations |
(6 |
) |
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5 |
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— |
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23 |
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22 |
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Net income |
(6 |
) |
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5 |
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— |
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23 |
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22 |
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(1) |
Represents aggregated financial statement information for investments not separately presented. |
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