Segment Reporting (Tables)
 9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Segment information for the three and nine months ended September 30, 2019 and 2018, respectively, is presented in the table below (in millions):
For the Three Months Ended September 30, 2019
 
 
Operating Business
 
Development Investment (1)
 
Corporate, Other and Eliminations
 
Reconciling Amounts (2)
 
Consolidated
Total revenue
 
$
116

 
$
2

 
$
3

 
$
(2
)
 
$
119

Depreciation, amortization and accretion
 
$
76

 
$
1

 
$
—

 
$
(1
)
 
$
76

Operating income (loss)
 
$
(18
)
 
$
(10
)
 
$
(14
)
 
$
10

 
$
(32
)
Earnings (loss) in unconsolidated investments (3)
 
$
2

 
$
—

 
$
(12
)
 
$
—

 
$
(10
)
Interest expense
 
$
14

 
$
1

 
$
13

 
$
(1
)
 
$
27

Income tax provision
 
$
1

 
$
—

 
$
—

 
$
—

 
$
1

Net income (loss)
 
$
(31
)
 
$
(11
)
 
$
(40
)
 
$
11

 
$
(71
)
Adjusted EBITDA
 
$
86


$
(10
)

$
(21
)

$
10

 

 
 
 
 


 
 
 
 
 
 
Capital expenditures
 
$
(95
)
 
$
(54
)
 
$
(1
)
 
$
54

 
$
(96
)
 
 
 
 


 
 
 
 
 
 
As of September 30, 2019
 
 
 


 
 
 
 
 
 
Property, plant and equipment, net
 
$
3,853

 
$
86

 
$
64

 
$
(86
)
 
$
3,917

Unconsolidated investments
 
$
296

 
$
10

 
$
(15
)
 
$
(10
)
 
$
281

Total assets
 
$
8,892

 
$
205

 
$
(3,496
)
 
$
(205
)
 
$
5,396

For the Nine Months Ended September 30, 2019
 
 
Operating Business
 
Development Investment (1)
 
Corporate, Other and Eliminations
 
Reconciling Amounts (2)
 
Consolidated
Total revenue
 
$
387

 
$
15

 
$
7

 
$
(15
)
 
$
394

Depreciation, amortization and accretion
 
$
234

 
$
1

 
$
2

 
$
(1
)
 
$
236

Impairment expense
 
$
—

 
$
2

 
$
—

 
$
(2
)
 
$
—

Operating income (loss)
 
$
1

 
$
(30
)
 
$
(40
)
 
$
30

 
$
(39
)
Earnings (loss) in unconsolidated investments (3)
 
$
15

 
$
—

 
$
(31
)
 
$
—

 
$
(16
)
Interest expense
 
$
41

 
$
1

 
$
37

 
$
(1
)
 
$
78

Income tax provision
 
$
5

 
$
—

 
$
4

 
$
—

 
$
9

Net income (loss)
 
$
(34
)
 
$
(30
)
 
$
(113
)
 
$
30

 
$
(147
)
Adjusted EBITDA
 
$
311


$
(29
)

$
(46
)

$
29

 

 
 
 
 


 
 
 
 
 
 
Capital expenditures
 
$
(155
)
 
$
(56
)
 
$
(4
)
 
$
56

 
$
(159
)

For the Three Months Ended September 30, 2018
 
 
Operating Business
 
Development Investment (1)
 
Corporate, Other and Eliminations
 
Reconciling Amounts (2)
 
Consolidated
Total revenue
 
$
116


$
4


$
2


$
(4
)

$
118

Depreciation, amortization and accretion
 
$
52


$
—


$
4


$
—


$
56

Impairment expense
 
$
—


$
—


$
3


$
—


$
3

Operating income (loss)
 
$
17


$
(1
)

$
(13
)

$
1


$
4

Earnings (loss) in unconsolidated investments (3)
 
$
1


$
—


$
(5
)

$
—


$
(4
)
Interest expense
 
$
15


$
—


$
13


$
—


$
28

Income tax provision
 
$
3


$
1


$
—


$
(1
)

$
3

Net income (loss)
 
$
(1
)

$
(2
)

$
(30
)

$
2


$
(31
)
Adjusted EBITDA
 
$
86


$
(1
)

$
(6
)

$
1


 
 
 












Capital expenditures
 
$
(40
)

$
(24
)

$
(3
)

$
24


$
(43
)
 
 









As of September 30, 2018
 
 
 
 
 
 
 
 
 
 
Property, plant and equipment, net
 
$
4,044


$
2


$
66


$
(2
)

$
4,110

Unconsolidated investments
 
$
346


$
8


$
26


$
(8
)

$
372

Total assets
 
$
8,992


$
151


$
(3,620
)

$
(151
)

$
5,372

For the Nine Months Ended September 30, 2018
 
 
Operating Business
 
Development Investment (1)
 
Corporate, Other and Eliminations
 
Reconciling Amounts (2)
 
Consolidated
Total revenue
 
$
363


$
4


$
7


$
(4
)

$
370

Depreciation, amortization and accretion
 
$
163


$
—


$
3


$
—


$
166

Impairment expense
 
$
—


$
—


$
7


$
—


$
7

Operating income (loss)
 
$
62


$
(13
)

$
(32
)

$
13


$
30

Earnings (loss) in unconsolidated investments (3)
 
$
30


$
—


$
(17
)

$
—


$
13

Interest expense
 
$
46


$
—


$
35


$
—


$
81

Income tax provision
 
$
6


$
1


$
8


$
(1
)

$
14

Net income (loss)
 
$
40


$
(14
)

$
(86
)

$
14


$
(46
)
Adjusted EBITDA
 
$
294


$
(13
)

$
(2
)

$
13


 
 
 












Capital expenditures
 
$
(124
)

$
(31
)

$
(5
)

$
31


$
(129
)
(1) 
Amounts represent the Company's proportionate share in Pattern Development. The Company's proportionate share of revenue in Pattern Development for each of the three and nine months ended September 30, 2019 includes amounts from the sale of a development project to a third-party and electricity sales.
(2) 
The Company accounts for its investment in Pattern Development under the equity method. Therefore, the reconciling amounts are presented to eliminate Pattern Development and to reconcile to the consolidated totals.
(3) 
Included in Corporate, Other and Eliminations is a $11 million loss and a $30 million loss for the three and nine months ended September 30, 2019, respectively, related to the Company's portion of the loss of Pattern Development and the elimination of intra entity profits of approximately $1 million. Included in Corporate, Other and Eliminations is a $2 million loss and a $14 million loss for the three and nine months ended September 30, 2018, respectively, related to the Company's portion of the loss of Pattern Development and the elimination of intra entity profits of approximately $3 million.
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
Reconciliation of segment Adjusted EBITDA to the Company's consolidated net loss is presented as follows (in millions):
 
 
Three months ended September 30,
 
Nine months ended September 30,
 
 
2019
 
2018
 
2019
 
2018
Operating Business Adjusted EBITDA
 
$
86


$
86


$
311


$
294

Development Investment Adjusted EBITDA
 
(10
)

(1
)

(29
)

(13
)
Corporate, Other and Eliminations Adjusted EBITDA
 
(21
)

(6
)

(46
)

(2
)
Reconciling Amounts Adjusted EBITDA
 
10


1


29


13

Less, proportionate share from unconsolidated investments
 











Interest expense, net of interest income
 
(9
)

(9
)

(21
)

(28
)
Income tax provision
 
—


(1
)

—


(1
)
Depreciation, amortization and accretion
 
(8
)

(8
)

(21
)

(26
)
Gain (loss) on derivatives
 
(1
)

4


(13
)

7

Unrealized gain (loss) on derivatives
 
2


1


(8
)

1

Impairment expense
 
—


(3
)

—


(7
)
Adjustments for unconsolidated investments
 
5


—


8


—

Other
 
(13
)

(1
)

(15
)

(2
)
Interest expense, net of interest income
 
(26
)

(28
)

(76
)

(80
)
Depreciation, amortization and accretion
 
(85
)

(63
)

(257
)

(188
)
Net loss before income tax
 
(70
)

(28
)

(138
)

(32
)
Income tax provision
 
(1
)

(3
)

(9
)

(14
)
Net loss
 
$
(71
)

$
(31
)

$
(147
)

$
(46
)