Quarterly report pursuant to Section 13 or 15(d)

Equity Method Investments

v3.21.2
Equity Method Investments
 6 Months Ended
Jun. 30, 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 $22 million and $77 million during the three and six months ended June 30, 2021, respectively, compared to $(1) million and $16 million during the three and six months ended June 30, 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)
Lighthouse Renewable HoldCo LLC (1)
Jupiter Equity Holdings LLC Vivint Solar Asset 3 Holdco Parent LLC
Other Investments (2)
Total
(in millions)
Balance Sheet
As of March 31, 2021
Current assets $ 90  $ 13  $ 11  $ 464  $ 74  $ 281  $ 933 
Total assets 1,567  288  486  3,320  400  4,681  10,742 
Current liabilities 59  7  37  356  7  474  940 
Total liabilities 1,240  103  117  657  271  2,174  4,562 
Members' equity 327  185  369  2,663  129  2,507  6,180 
As of December 31, 2020
Current assets 92  25  22  314  86  215  754 
Total assets 1,532  299  497  3,131  303  4,476  10,238 
Current liabilities 48  19  22  236  3  317  645 
Total liabilities 1,217  118  87  478  139  2,040  4,079 
Members' equity 315  181  410  2,653  164  2,436  6,159 
Income Statement
For the three months ended March 31, 2021
Revenue 33  2  (62) (72) 3  76  (20)
Income (loss) from continuing operations 1  (2) (71) (165) 7  (7) (237)
Net income (loss) 1  (2) (71) (165) 7  (7) (237)
For the three months ended March 31, 2020
Revenue 29  —  —  —  —  54  83 
Income (loss) from continuing operations (5) —  —  —  —  (3) (8)
Net income (loss) (5) —  —  —  —  (3) (8)
(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.