Quarterly report pursuant to Section 13 or 15(d)

Equity Method Investments

v3.20.2
Equity Method Investments
 9 Months Ended
Sep. 30, 2020
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments Equity Method Investments
We have non-controlling unconsolidated equity investments in renewable energy and energy efficiency projects as well as in a joint venture that owns land with long-term triple net lease agreements to several solar projects. We recognized income (loss) from our equity method investments of approximately $17 million and $33 million during the three and nine months ended September 30, 2020, respectively as compared to income of approximately $6 million and $18 million during the three and nine months ended September 30, 2019, respectively. We describe our accounting for 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.

SunStrong Capital Holdings, LLC Vivint Solar Asset 2 Class B, LLC
Other Investments (1)
Total
(in millions)
Balance Sheet
As of June 30, 2020
Current assets $ 90  $ 8  $ 258  $ 356 
Total assets 1,415  244  4,829  6,488 
Current liabilities 48  2  251  301 
Total liabilities 1,134  138  1,673  2,945 
Members' equity 281  106  3,156  3,543 
As of December 31, 2019
Current assets 99  46  309  454 
Total assets 1,335  183  3,484  5,002 
Current liabilities 54  1  252  307 
Total liabilities 1,010  81  908  1,999 
Members' equity 325  102  2,576  3,003 
Income Statement
For the six months ended June 30, 2020
Revenue 61  8  125  194 
Income (loss) from continuing operations (4) 1  (15) (18)
Net income (loss) (4) 1  (15) (18)
For the six months ended June 30, 2019
Revenue 46  —  72  118 
Income from continuing operations (loss) (11) —  (15) (26)
Net income (loss) (11) —  (15) (26)

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