Quarterly report pursuant to Section 13 or 15(d)

Equity Method Investments

v3.21.1
Equity Method Investments
 3 Months Ended
Mar. 31, 2021
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 $54 million and $17 million during the three months ended March 31, 2021 and March 31, 2020, respectively.
We describe our accounting for non-controlling equity investments in Note 2 to our financial statements in this Form 10-Q.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
Rosie Target Co, LLC (1)
Jupiter Equity Holdings LLC Vivint Solar Asset 3 Holdco Parent LLC
Other Investments (2)
Total
(in millions)
Balance Sheet
As of December 31, 2020
Current assets $ 92  $ 25  $ 284  $ 86  $ 241  $ 728 
Total assets 1,532  298  3,136  303  4,969  10,238 
Current liabilities 48  19  263  3  335  668 
Total liabilities 1,217  118  504  139  2,123  4,101 
Members' equity 315  180  2,632  164  2,846  6,137 
As of December 31, 2019
Current assets 99  —  43  —  254  396 
Total assets 1,335  87  456  —  3,186  5,064 
Current liabilities 54  42  29  —  143  268 
Total liabilities 1,010  82  55  —  896  2,043 
Members' equity 325  5  401  —  2,290  3,021 
Income Statement
For the twelve months ended December 31, 2020
Revenue 127  1  (14) 2  254  370 
Income (loss) from continuing operations (8) (5) (72) (2) (152) (239)
Net income (loss) (8) (5) (72) (2) (152) (239)
For the twelve months ended December 31, 2019
Revenue 102  —  15  —  156  273 
Income (loss) from continuing operations (16) —  (10) —  (71) (97)
Net income (loss) (16) —  (10) —  (71) (97)

(1)    Component of the Lighthouse Partnerships described in Note 6 to our financial statements in this Form 10-Q.
(2)     Represents aggregated financial statement information for investments not separately presented.