|
As of September 30, 2021, we held the following equity method investments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investment Date |
|
Investee |
|
Carrying Value |
| |
|
|
|
(in millions) |
| Various |
|
Jupiter Equity Holdings LLC |
|
$ |
540 |
|
| Various |
|
Lighthouse Partnerships (1)
|
|
211 |
|
| March 2020 |
|
University of Iowa Energy Collaborative Holdings LLC |
|
121 |
|
| Various |
|
Phase V Class A LLC |
|
109 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Various |
|
Other investees |
|
487 |
|
|
|
Total equity method investments |
|
$ |
1,468 |
|
(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)
|
|
|
|
Summit Ridge Capital Holdings, LLC |
|
Vivint Solar Asset 3 Holdco Parent LLC |
|
Other Investments (2)
|
|
Total |
|
(in millions) |
| Balance Sheet |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| As of June 30, 2021 |
| Current assets |
$ |
87 |
|
|
$ |
11 |
|
|
$ |
11 |
|
|
|
|
$ |
51 |
|
|
$ |
60 |
|
|
$ |
636 |
|
|
$ |
856 |
|
| Total assets |
1,624 |
|
|
282 |
|
|
482 |
|
|
|
|
407 |
|
|
441 |
|
|
7,900 |
|
|
11,136 |
|
| Current liabilities |
63 |
|
|
5 |
|
|
41 |
|
|
|
|
58 |
|
|
8 |
|
|
587 |
|
|
762 |
|
| Total liabilities |
1,282 |
|
|
101 |
|
|
130 |
|
|
|
|
357 |
|
|
353 |
|
|
2,586 |
|
|
4,809 |
|
| Members' equity |
342 |
|
|
181 |
|
|
352 |
|
|
|
|
50 |
|
|
88 |
|
|
5,314 |
|
|
6,327 |
|
| As of December 31, 2020 |
| Current assets |
92 |
|
|
25 |
|
|
22 |
|
|
|
|
18 |
|
|
86 |
|
|
539 |
|
|
782 |
|
| Total assets |
1,532 |
|
|
299 |
|
|
497 |
|
|
|
|
268 |
|
|
303 |
|
|
7,340 |
|
|
10,239 |
|
| Current liabilities |
48 |
|
|
19 |
|
|
22 |
|
|
|
|
43 |
|
|
3 |
|
|
518 |
|
|
653 |
|
| Total liabilities |
1,217 |
|
|
118 |
|
|
87 |
|
|
|
|
243 |
|
|
139 |
|
|
2,298 |
|
|
4,102 |
|
| Members' equity |
315 |
|
|
181 |
|
|
410 |
|
|
|
|
25 |
|
|
164 |
|
|
5,042 |
|
|
6,137 |
|
| Income Statement |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| For the six months ended June 30, 2021 |
| Revenue |
67 |
|
|
6 |
|
|
(71) |
|
|
|
|
6 |
|
|
11 |
|
|
4 |
|
|
23 |
|
| Income (loss) from continuing operations |
2 |
|
|
(3) |
|
|
(88) |
|
|
|
|
(5) |
|
|
4 |
|
|
(283) |
|
|
(373) |
|
| Net income (loss) |
2 |
|
|
(3) |
|
|
(88) |
|
|
|
|
(5) |
|
|
4 |
|
|
(283) |
|
|
(373) |
|
| For the six months ended June 30, 2020 |
| Revenue |
61 |
|
|
— |
|
|
— |
|
|
|
|
1 |
|
|
— |
|
|
118 |
|
|
180 |
|
| Income (loss) from continuing operations |
(4) |
|
|
— |
|
|
— |
|
|
|
|
(2) |
|
|
— |
|
|
(1) |
|
|
(7) |
|
| Net income (loss) |
(4) |
|
|
— |
|
|
— |
|
|
|
|
(2) |
|
|
— |
|
|
(1) |
|
|
(7) |
|
(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.
|