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Investment in Unconsolidated Affiliates (Tables)
 12 Months Ended
Nov. 30, 2016
Equity Method Investments And Cost Method Investments [Abstract]  
Partnerships Investments Unconsolidated Affiliates

The following table summarizes the activity of the Partnership’s investments in its unconsolidated affiliates during the year ended November 30, 2016 and eleven months ended November 30, 2015.

 

 

 

Year Ended

 

 

Eleven Months Ended

 

 

 

November 30,

 

 

November 30,

 

Projects

 

2016

 

 

2015

 

(in thousands)

 

 

 

 

 

 

 

 

Balance at the beginning of the period or as of IPO

 

$

352,070

 

 

$

354,453

 

Investments in its unconsolidated affiliates during the period

 

 

134,371

 

 

 

—

 

Equity in earnings in unconsolidated affiliates (1)

 

 

18,341

 

 

 

9,055

 

Distributions from unconsolidated affiliates

 

 

(29,704

)

 

 

(11,438

)

Balance at the end of the period

 

$

475,078

 

 

$

352,070

 

 

(1)

The net income (loss) used to determine the Partnership’s equity in earnings of unconsolidated affiliates reflects adjustments pursuant to the equity method of accounting, including the amortization of basis differences resulting from the Partnership’s proportionate share of certain equity method investees’ net assets exceeding their carrying values.

Summary of Financial Information

The following table presents summarized financial information of SG2 Holdings, North Star Holdings, Lost Hills Blackwell Holdings and Henrietta Holdings as derived from the consolidated financial statements of the affiliates for the year ended November 30, 2016, the eleven months ended November 30, 2015, and the year ended December 31, 2014:

 

 

 

Year Ended

 

 

Eleven Months Ended

 

 

Year Ended

 

 

 

November 30,

 

 

November 30,

 

 

December 31,

 

(in thousands)

 

2016

 

 

2015

 

 

2014

 

Summary statement of operations information:

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

72,099

 

 

$

55,227

 

 

$

1,722

 

Operating expenses

 

 

47,385

 

 

 

37,342

 

 

 

3,367

 

Net income (loss)

 

 

24,970

 

 

 

18,187

 

 

 

(1,583

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of

 

 

 

 

 

 

 

November 30,

 

 

November 30,

 

 

 

 

 

 

 

2016

 

 

2015

 

 

 

 

 

Summary balance sheet information:

 

 

 

 

 

 

 

 

 

 

 

 

Current assets

 

$

45,086

 

 

$

35,002

 

 

 

 

 

Long-term assets

 

 

1,498,820

 

 

 

1,114,854

 

 

 

 

 

Current liabilities

 

 

6,250

 

 

 

8,035

 

 

 

 

 

Long-term liabilities

 

 

12,329

 

 

 

9,200