| Schedule of Equity Method Investments |
As of June 30, 2021, we held the following equity method investments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investment Date |
|
Investee |
|
Carrying Value |
| |
|
|
|
(in millions) |
| Various |
|
Jupiter Equity Holdings, LLC |
|
$ |
565 |
|
| Various |
|
Lighthouse Partnerships (1)
|
|
221 |
|
| March 2020 |
|
University of Iowa Energy Collaborative Holdings LLC |
|
121 |
|
| Various |
|
Phase V Class A LLC |
|
108 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Various |
|
Other investees |
|
474 |
|
|
|
Total equity method investments |
|
$ |
1,489 |
|
(1) Represents the total of three equity investments in a portfolio of renewable assets. 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.
|