Annual report pursuant to Section 13 and 15(d)

Equity Method Investments

v3.20.4
Equity Method Investments
 12 Months Ended
Dec. 31, 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. During the years ended December 31, 2020, 2019, and 2018 we recognized income (loss) of $48 million, $64 million, and $22 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.
SunStrong Capital Holdings, LLC
Jupiter Equity Holdings, LLC
Other Investments (1)
Total
Balance Sheet in millions
As of September 30, 2020
Current assets $ 94  $ 88  $ 233  $ 415 
Total assets 1,472  2,689  4,992  9,153 
Current liabilities 48  229  647  924 
Total liabilities 1,179  340  2,225  3,744 
Members’ equity 293  2,349  2,767  5,409 
As of December 31, 2019
Current assets 99  289  254  642 
Total assets 1,335  1,892  3,270  6,497 
Current liabilities 54  209  230  493 
Total liabilities 1,010  270  975  2,255 
Members’ equity 325  1,622  2,295  4,242 
Income Statement
For the nine months ended September 30, 2020
Revenue 94  19  275  388 
Income from continuing operations (9) (36) (84) (129)
Net income (9) (36) (84) (129)
For the year ended December 31, 2019
Revenue 102  —  155  257 
Income from continuing operations (16) 34  (73) (55)
Net income (16) 34  (73) (55)
For the year ended December 31, 2018
Revenue —  —  176  176 
Income from continuing operations —  —  (42) (42)
Net income —  —  (42) (42)
(1)Represents aggregated financial statement information for investments not separately presented.