| Summary of Cash Dividends Declared on Class A Common Stock |
The following table presents cash dividends declared on Class A common stock for the periods presented: | | | | | | | | | | | | Dividends Per Share | | Declaration Date | | Record Date | | Payment Date | 2018: | | | | | | | | Second Quarter | $ | 0.4220 |
| | May 3, 2018 | | June 29, 2018 | | July 31, 2018 | First Quarter | $ | 0.4220 |
| | February 22, 2018 | | March 30, 2018 | | April 30, 2018 |
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| Noncontrolling Interests By Project |
The following table presents the balances for noncontrolling interests by project (in thousands): | | | | | | | | | | June 30, | | December 31, | | 2018 | | 2017 | El Arrayán | $ | 31,713 |
| | $ | 31,828 |
| Logan's Gap | 136,894 |
| | 171,137 |
| Panhandle 1 | 139,496 |
| | 174,518 |
| Panhandle 2 | 184,255 |
| | 208,397 |
| Post Rock | 124,465 |
| | 160,206 |
| Amazon Wind | 102,366 |
| | 133,950 |
| Broadview Project | 268,268 |
| | 307,672 |
| Futtsu | 11,689 |
| | — |
| Meikle | 59,600 |
| | 65,985 |
| Noncontrolling interest | $ | 1,058,746 |
| | $ | 1,253,693 |
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| Summary of Noncontrolling Interest Balances |
The following table presents the components of total noncontrolling interest as reported in the stockholders’ equity statements and the consolidated balance sheets (in thousands): | | | | | | | | | | | | | | | | | | | | Capital | | Accumulated Loss | | Accumulated Other Comprehensive Loss | | Noncontrolling Interest | Balances at December 31, 2016 | $ | 954,242 |
| | $ | (62,614 | ) | | $ | (382 | ) | | $ | 891,246 |
| Contributions from noncontrolling interests | 325,600 |
| | — |
| | — |
| | 325,600 |
| Distributions to noncontrolling interests | (9,164 | ) | | — |
| | — |
| | (9,164 | ) | Other | (127 | ) | | — |
| | — |
| | (127 | ) | Net loss | — |
| | (32,018 | ) | | — |
| | (32,018 | ) | Other comprehensive income, net of tax | — |
| | — |
| | (107 | ) | | (107 | ) | Balances at June 30, 2017 | $ | 1,270,551 |
| | $ | (94,632 | ) | | $ | (489 | ) | | $ | 1,175,430 |
| | | | | | | | | Balances at December 31, 2017 | $ | 1,380,340 |
| | $ | (127,119 | ) | | $ | 472 |
| | $ | 1,253,693 |
| Acquisitions | 11,113 |
| | — |
| — |
| — |
| — |
| $ | 11,113 |
| Distributions to noncontrolling interests | (21,274 | ) | | — |
| | — |
| | (21,274 | ) | Net loss (1) | — |
| | (183,034 | ) | | — |
| | (183,034 | ) | Other comprehensive loss, net of tax | — |
| | — |
| | (1,752 | ) | | (1,752 | ) | Balances at June 30, 2018 | $ | 1,370,179 |
| | $ | (310,153 | ) | | $ | (1,280 | ) | | $ | 1,058,746 |
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| | (1) | On December 22, 2017, the Tax Act was signed into law, which enacted major changes to the U.S. federal income tax laws, including a permanent reduction in the U.S. federal corporate income tax rate from 35% to 21%, effective January 1, 2018. Reduction in the corporate income tax rate resulted in one-time reduction in the noncontrolling interest attributable to partners in its tax equity partnerships. As part of the liquidation waterfall, the Company allocated significantly lower portions of the hypothetical liquidation proceeds to compensate certain noncontrolling interest investors for tax gains on the hypothetical sale calculated at the lowered rate of 21% as compared to the rate of 35% that was previously utilized. For the six months ended June 30, 2018, included in net loss attributable to noncontrolling interest is a one-time adjustment of $150 million as a result of the decrease in the federal corporate income tax rate. |
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